Kuraray Co ( (KURRF) ) has released its Q4 earnings. Here is a breakdown of the information Kuraray Co presented to its investors.
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Kuraray Co., Ltd. is a Japanese specialty chemical company listed on the Tokyo Stock Exchange, primarily engaged in the production and sale of functional resins, films, and other advanced materials across various sectors.
In its latest earnings report for the fiscal year ended December 31, 2024, Kuraray Co. announced a solid increase in net sales and operating income, despite a notable decline in net income attributable to extraordinary losses. The company’s diversified product portfolio and strategic initiatives, including new capital investments and acquisitions, contributed to this growth.
Key financial highlights include a 5.9% increase in net sales to ¥826,895 million, a 12.7% rise in operating income to ¥85,081 million, and an 18.0% boost in ordinary income to ¥81,480 million. However, net income attributable to the parent fell by 25.3% to ¥31,724 million due to extraordinary losses such as impairment and business liquidation costs. Notably, the Vinyl Acetate and Isoprene segments showed robust sales growth, while the Functional Materials segment reported a significant rise in income.
Looking ahead, Kuraray plans to continue focusing on its medium-term management plan ‘PASSION 2026,’ aiming to build a sophisticated business portfolio by investing in high-growth potential and competitive products. The company expects to see further growth in its operating results for the fiscal year 2025, projecting increases in net sales and income metrics.
