Overseas Business Expansion Centered on Asia

「To expand sales of processed products in the ASEAN region, the company will strengthen the functions of its Thailand base as a hub for new technology and product development and mass production. In preparation for full-scale operations in the Indian market, it will also focus on strengthening its sales structure and developing the market for adhesives and processed products, with a view to establishing a production base.」

「Principal geographical markets　Japan　6,938,503　1,679,543　8,618,047　China　12,050,782　20,618　12,071,401　Other　2,034,998　26,419　2,061,418」

「China　27,177,445　Other　4,074,243　Revenue from contracts with customers　47,633,842」

「Revenue was ¥24,330 million, up 26.4% year on year, owing to growth in adhesive product sales in the Chinese market and an increase in the yen-converted value of Chinese subsidiary results associated with the weaker yen.」

「Revenue from adhesive-related products was ¥26,887 million, up 20.9% from the previous consolidated fiscal year, owing mainly to increased sales volumes, primarily in the Chinese market, as demand related to liquid crystal displays continued to recover. Revenue from specialty functional materials was ¥2,595 million, down 6.5% from the previous consolidated fiscal year. Sales volumes for electronic materials applications declined owing to weak smartphone market conditions in China, although profitability improved as a result of corrective measures.」

「During the first nine months of the fiscal year, demand in information and electronics fields, including smartphones, remained sluggish, but production adjustments in the liquid-crystal-display-related field had run their course and demand recovered, particularly in the Chinese market. Net sales therefore rose 6.6% year on year to ¥31,011 million.」

「During the first six months of the fiscal year, demand in information and electronics fields, including smartphones, remained sluggish, but production adjustments in the liquid-crystal-display-related field had run their course and demand recovered. Net sales were therefore ¥19,254 million, broadly in line with the previous year and down 1.0% year on year.」

「During the first three months of the fiscal year, production adjustments in the liquid-crystal-display-related field had run their course and demand was recovering, but demand for automobiles and smartphones in China remained sluggish. Chemicals sales therefore failed to reach the level of the previous year, and net sales fell 12.8% year on year to ¥9,046 million.」

「To create new next-generation business areas, the company is focusing on establishing core technologies for biomass materials and product development, developing innovative production-process technologies, and exploring new overseas business regions and building an implementation structure.」

「During the first nine months of the fiscal year, Chemicals sales declined due to the sharp production adjustment in the liquid-crystal-display-related field. However, the effects of price revisions and an increase in the foreign-currency translation of the Chinese subsidiaries’ net sales as the yen weakened lifted net sales 4.4% year on year to ¥29,091 million.」

「During the first six months of the fiscal year, Chemicals sales declined due to the sharp production adjustment in the liquid-crystal-display-related field during the second quarter. However, the effects of price revisions and an increase in the foreign-currency translation of the Chinese subsidiaries’ net sales as the yen weakened lifted net sales 9.6% year on year to ¥19,454 million.」

「Revenue was ¥10,371 million, up 19.0% year on year, owing to growth in sales of liquid crystal display-related products and other products, mainly in the Chinese market, the effects of price revisions, and an increase in the yen-converted value of revenue at Chinese subsidiaries associated with the stronger yuan.」

「For the fiscal year under review, revenue was ¥38,638 million, up 22.7% from the previous consolidated fiscal year, owing to growth in chemicals sales, mainly in the Chinese market where demand for liquid crystal display-related products was expanding, higher construction completed revenue from equipment systems, and an increase in the yen-converted value of revenue at Chinese subsidiaries associated with the stronger yuan.」

「In addition to higher sales, mainly in the Chinese market, where demand related to liquid-crystal displays continued to expand, the foreign-currency translation of the Chinese subsidiaries’ results increased as the renminbi strengthened. Net sales therefore rose 24.5% year on year to ¥27,861 million.」

「Revenue from processed products was ¥2,529 million, up 23.9% year on year, owing to increased sales of functional adhesive tapes for automotive, home appliance, and electronic information equipment applications in the Chinese market, as well as an increase in the yen-converted value of revenue associated with the stronger yuan.」

「Revenue from processed products was ¥1,285 million, up 30.2% year on year, owing to increased sales of functional adhesive tapes for automotive and home appliance applications in the Chinese market, as well as an increase in the yen-converted value of revenue associated with the stronger yuan.」

「As demand in the liquid-crystal-display-related field, which had been undergoing an adjustment in the previous fiscal year, recovered, sales for large-TV applications in the Chinese market increased, among other factors. Net sales therefore rose 9.7% year on year to ¥31,493 million.」

「Revenue from specialty functional materials was ¥2,204 million, up 19.2% year on year, owing mainly to increased sales volumes for electronic materials applications, primarily in the Chinese market.」

「Demand related to liquid crystal displays recovered sharply, mainly in the Chinese market, and chemicals sales increased.」

「Under these conditions, the Group is thoroughly implementing measures to prevent infection with the novel coronavirus while responding swiftly and flexibly to changes in market and customer needs. To strengthen the earnings base of existing businesses and create new business fields, it is expanding R&D functions and production capacity at its Chinese business bases, promoting cross-organizational strategies focused on synergies among businesses in growth fields such as automotive, energy, and healthcare, and establishing an ongoing new-business development structure that anticipates future changes in the social environment and technological innovation.」

「For the fiscal year under review, revenue was ¥28,699 million, down 8.3% from the previous consolidated fiscal year, owing to lower chemicals sales, affected by the slowdown in the Chinese economy and weak demand related to liquid crystal displays, as well as lower construction completed revenue from equipment systems.」

「During the first nine months of the fiscal year, net sales were ¥21,170 million, down 11.6% year on year, due to lower Chemicals sales, reflecting the slowdown in China’s economy and sluggish demand related to liquid-crystal displays, as well as lower construction revenue from Equipment Systems.」

「For the six months ended the second quarter, revenue was ¥14,033 million, down 10.1% year on year, due mainly to lower chemicals sales resulting from the slowdown in the Chinese economy and sluggish demand related to liquid crystal displays.」

「To expand the scale of operations and improve profitability in Asia, and to broaden the business domain through innovative materials and technology development, the company will expand production capacity in response to growing demand for large liquid crystal displays in the Chinese market and strengthen product development and proposal capabilities ahead of market and customer needs.」

「Revenue reached a record high for the second consecutive fiscal year, owing to increased sales of chemicals for liquid crystal display-related applications in the Chinese market and higher equipment systems orders and construction completed revenue, supported by robust domestic capital investment.」

「Revenue was ¥23,956 million, up 9.0% year on year, owing to increased sales of chemicals, including adhesive-related products, mainly in the Chinese market, as well as higher construction completed revenue from equipment systems.」

「Driven mainly by increased sales of chemicals, including adhesive-related products, in the Chinese market, revenue was ¥15,605 million, up 14.7% year on year」

「Driven mainly by increased sales of chemicals, including adhesive-related products, in the Chinese market, revenue was ¥7,401 million, up 17.0% year on year」

「Revenue was ¥21,971 million, up 16.8% year on year, owing to increased sales of chemicals, including adhesive-related products, mainly in the Chinese market, as well as an increase in the yen-converted value of revenue at Chinese subsidiaries due to the weaker yen.」

「Revenue was ¥21,971 million, up 16.8% year on year, owing to increased sales of chemicals, including adhesive-related products, mainly in the Chinese market, as well as an increase in the yen-converted value of revenue at Chinese subsidiaries due to the weaker yen.」

「Revenue was ¥13,604 million, up 11.0% year on year, owing to increased sales of chemicals, including adhesive-related products, mainly in the Chinese market.」

「Revenue was ¥632.3 million, up 5.5% year on year, due to increased sales of Chemicals, including adhesive-related products, mainly in the Chinese market.」

「In the consolidated medium-term management plan, New Value 2019 (fiscal years 2017–2019): “Expand business and improve profitability in China and Southeast Asia”」

「寧波綜研化学有限公司, China, Ningbo, Zhejiang Province, Chemicals, processed-product production facilities, ¥716 million, December 2016」

「The Company acquired a 30% equity interest in 中信興業投資寧波有限公司 and made 寧波綜研化学有限公司 a wholly owned subsidiary.」

「The Group is actively expanding its business through 4 subsidiaries and 1 affiliated company, focusing on the future potential of the market for Chemicals products in Asia, particularly the People's Republic of China.」