Q3 2019 Kuraray Co Ltd Earnings Call Transcript
Good afternoon, ladies and gentlemen. I am Taga. Thank you for joining us in our conference call today.
From this year, the head of each in-house company is joining us in the briefing. For today's conference, Mr. Sano, company president of functional materials company, is with us. I encourage you to take this opportunity to ask him questions.
Now let me take you through the results for the third quarter of fiscal year 2019.
Page 2, please. Q3 fiscal year 2019 results.
Due to the global economic slowdown, demand decreased in many businesses, leading to a decline in sales. As a result, as you can see in the slide, we had those results. Sales were down 4.7% to JPY 428.9 billion. Operating income is down 22.1% to JPY 42.3 billion. Ordinary income is down 27.1% to JPY 37.9 billion. Net income decreased 41.8% to JPY 19.4 billion. There was a significant decline in sales and profits compared with the same period last year.
The figures shown here for the previous year are actual figures applied
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