Q1 2021 Nissan Chemical Corp Earnings Call Transcript
I am Miyazaki. Thank you for joining us today. Please turn to Page 2. As for the result for the first quarter FY 2020, sales were JPY 49.3 billion, OP was JPY 9.8 billion and net income was JPY 7.6 billion. For the overview, please turn to Page 3. As highlight, year-on-year comparisons are shown here. OP in the previous year was JPY 9.3 billion, and it went up to JPY 9.8 billion this year, up JPY 0.5 billion year-on-year.
Sales and the profit by segment are shown on Page 9 and 10. In chemicals, sales decreased sharply in melamine, TEPIC and environmental-related products, and OP went down. In Performance Materials, OP went up due to the robust Display Materials and the Semis Materials and reduced fixed cost. In Agrochemicals, sales of ALTAIR increased, but shipment of Fluralaner decreased as expected. Sales of ROUNDUP decreased. Fixed cost, including R&D, increased and OP went down.
In Pharmaceuticals, sales of Custom Chemicals increased, but LIVALO sales decreased and
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