Nov 11, 2020 / NTS GMT
Keiji Taga - Kuraray Co., Ltd. - Managing Executive Officer, GM of Corporate Management Planning Office & Director
Hello. This is Taga. Thank you very much for attending our conference call out of your very busy schedules. We will commence the earnings presentation for FY 2020 third quarter.
Please go to Page 2. In the third quarter of FY 2020, demand recovered in main applications, such as automobile, electronic devices and display. However, cumulatively, from January to September, demand was weak, hit by COVID-19. As the slide shows, net sales and all income declined year-on-year. The price of foreign exchange and raw materials and fuel are shown on the bottom of the slide.
Please go to Page 3. From here, I would like to explain the conditions of businesses by segment. First, starting from Vinyl Acetate. Poval resin, sales remained weak due to stagnant global demand and a subsequent production adjustment. Optical-use poval film, due to recovery in demand, especially for large displays, sales remained firm. Water-soluble PVA film, sales continue to expand for use in unit dose detergent
Q3 2020 Kuraray Co Ltd Earnings Call Transcript
Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot