Q3 2020 Kuraray Co Ltd Earnings Call Transcript
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
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