a statement of accounts for the three months ended june 30 ... · yen amounts described in this...
TRANSCRIPT
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http//:www.sanyohttp//:www.sanyo--chemical.co.jp/chemical.co.jp/Code: 4471Code: 4471
SANYO CHEMICAL INDUSTRIES, LTD.SANYO CHEMICAL INDUSTRIES, LTD.
A Statement of AccountsA Statement of Accounts For the Three Months Ended June 30, 2016For the Three Months Ended June 30, 2016
11stst Quarter in Fiscal Year 2016Quarter in Fiscal Year 2016(1Q(1Q--FY2016)FY2016)
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<<NoticeNotice> > Yen amounts described in this presentation material are rounded Yen amounts described in this presentation material are rounded down. down. Ratios described in this presentation material are rounded off.Ratios described in this presentation material are rounded off.
<<Cautionary Statement with Respect to ForwardCautionary Statement with Respect to Forward--Looking Statement>Looking Statement>This presentation material contains projections based on the assThis presentation material contains projections based on the assumptions, forwardumptions, forward--looking looking statements and plans about the future of SANYO CHEMICAL INDUSTRIstatements and plans about the future of SANYO CHEMICAL INDUSTRIES, LTD. as of July ES, LTD. as of July 31, 2016. Actual performance results may vary significantly due31, 2016. Actual performance results may vary significantly due to a variety of factors to a variety of factors affecting the sphere of business that include but are not limiteaffecting the sphere of business that include but are not limited to: the world economy, d to: the world economy, competitive position, and fluctuations in the exchange rate, rawcompetitive position, and fluctuations in the exchange rate, raw material costs, and others. material costs, and others.
Please ContactPublic Relations Dept.SANYO CHEMICAL INDUSTRIES, LTD.
TELTELFAXFAXEE--mailmail
+81+81--7575--541541--43124312+81+81--7575--551551--25572557prpr--group@[email protected]
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Date of Establishment: November 1, 1949 Date of Establishment: November 1, 1949 Head Office: HigashiyamaHead Office: Higashiyama--ku, Kyotoku, KyotoCapital: Capital: ¥¥13,051 million13,051 million
Corporate Data Corporate Data
Domestic Sales & Marketing Offices: Domestic Sales & Marketing Offices:
Domestic Factories: Domestic Factories:
Consolidated Number of Employees:Consolidated Number of Employees:
Line of Business:Line of Business:2,030 (as of Jun. 30, 2016)2,030 (as of Jun. 30, 2016)
Nagoya, Kinuura, Kashima, Kyoto, Kawasaki (San Chemical)Nagoya, Kinuura, Kashima, Kyoto, Kawasaki (San Chemical)
Tokyo, Osaka, Nagoya, Hiroshima, Fukuoka, Toyama Tokyo, Osaka, Nagoya, Hiroshima, Fukuoka, Toyama
Manufacture & sales of approx. 3,000 types of Manufacture & sales of approx. 3,000 types of performance chemicalsperformance chemicals
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●●Sanyo Transport Co., Ltd.Sanyo Transport Co., Ltd.○○Nagoya Sanyo Warehouse Co., Ltd.Nagoya Sanyo Warehouse Co., Ltd.○○Shiohama Chemicals Warehouse Shiohama Chemicals Warehouse
Co., Ltd. Co., Ltd. ○○Sanliving Ltd.Sanliving Ltd.
●●SDP Global Co., Ltd.SDP Global Co., Ltd.●●SSANAN NNOPCOOPCO LLIMITEDIMITED●●San ChemicalSan Chemical Co., Ltd.Co., Ltd.●●SanSan--Apro Ltd.Apro Ltd.○○SanSan--Petrochemicals Co., Ltd.Petrochemicals Co., Ltd.
●●SANAM Corp.SANAM Corp.●●Sanyo Chemical & Resins, LLCSanyo Chemical & Resins, LLC●●Sanyo Chemical Texas Industries, LLC Sanyo Chemical Texas Industries, LLC ○○Sunrise Chemical LLCSunrise Chemical LLC
●●Sanyo Kasei (Nantong) Co., Ltd. (China)Sanyo Kasei (Nantong) Co., Ltd. (China)●●SanSan--Dia Polymers (Nantong) Co., Ltd. Dia Polymers (Nantong) Co., Ltd.
(China) (China) ●●Sanyo Chemical (Shanghai) Trading Sanyo Chemical (Shanghai) Trading
Co., Ltd. (China)Co., Ltd. (China)
●●Sanyo Kasei (Thailand) Ltd. Sanyo Kasei (Thailand) Ltd.
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Sanyo Chemical Group Sanyo Chemical Group Domestic Domestic
Subsidiaries & Subsidiaries & AffiliatesAffiliates
(5 companies)(5 companies)
Overseas Overseas Subsidiaries & Subsidiaries &
AffiliatesAffiliates
(9 companies)(9 companies)
●●Consolidated Subsidiaries Consolidated Subsidiaries (13 companies)(13 companies)
○○Subsidiaries and Affiliates Subsidiaries and Affiliates Accounted for by Equity Method Accounted for by Equity Method (5 companies)(5 companies)
SANYO CHEMICAL SANYO CHEMICAL INDUSTRIES, LTD.INDUSTRIES, LTD.
Logistics Logistics & Service & Service AffiliatesAffiliates
(4 companies)(4 companies)
Other Subsidiaries and AffiliatesOther Subsidiaries and AffiliatesSanyo Kasei Korea, Ltd.Sanyo Kasei Korea, Ltd.SANYO KASEI (TAIWAN) LTD.SANYO KASEI (TAIWAN) LTD.SAN NOPCO (SHANGHAI) TRADING Co., Ltd.SAN NOPCO (SHANGHAI) TRADING Co., Ltd.SAN NOPCO (KOREA) LIMITEDSAN NOPCO (KOREA) LIMITEDDAXIANG INTERNATIONAL TRADING (SHANGHAI) Co., Ltd.DAXIANG INTERNATIONAL TRADING (SHANGHAI) Co., Ltd. ●●SDP GLOBAL (MALAYSIA) SDN.BHD. SDP GLOBAL (MALAYSIA) SDN.BHD.
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Class.Class. SubSub-- CategoryCategory Principal ProductsPrincipal Products
Toiletries Toiletries and Health and Health CareCare
ToiletriesToiletries Surfactants for Detergents, Surfactants for Hair Care Products,Surfactants for Detergents, Surfactants for Hair Care Products,Agents for PapermakingAgents for Papermaking
Health CareHealth CareSuperabsorbent Polymers (SAPs), Base Materials for PharmaceuticaSuperabsorbent Polymers (SAPs), Base Materials for Pharmaceuticals, ls, Germicides/Disinfectants, Surgical Hemostatic Agent, EIA DiagnosGermicides/Disinfectants, Surgical Hemostatic Agent, EIA Diagnostic Reagents, tic Reagents, Potting Resins for Artificial KidneysPotting Resins for Artificial Kidneys
Petroleum and Petroleum and AutomotivesAutomotives
Thermoplastic Polyurethane Beads for the Interior Parts of AutomThermoplastic Polyurethane Beads for the Interior Parts of Automobiles (TUBs), obiles (TUBs), Raw Materials for Polyurethane Foams (PPG), Lubricating Oil AddiRaw Materials for Polyurethane Foams (PPG), Lubricating Oil Additives, tives, Additives for Fuel Oils, WaterAdditives for Fuel Oils, Water--Soluble Cutting Fluids, Soluble Cutting Fluids, HalogenHalogen--Free Cleaning Agents, Base Materials for Synthetic Lubricants, Free Cleaning Agents, Base Materials for Synthetic Lubricants, Paste Resins for Design Models, Resins for Automobile PaintsPaste Resins for Design Models, Resins for Automobile Paints
Plastics and Plastics and TextilesTextiles
PlasticsPlasticsPermanent Antistatic Agents, Pigment Dispersants, Resin ModifierPermanent Antistatic Agents, Pigment Dispersants, Resin Modifiers, s, Base Materials for Polyurethane Elastomers, Paint Resins, Base Materials for Polyurethane Elastomers, Paint Resins, Chemical Boards for ModelsChemical Boards for Models
TextilesTextiles Agents for Textile Manufacturing, Chemicals for Carbon Fibers, Agents for Textile Manufacturing, Chemicals for Carbon Fibers, Agents for Fiberglass, Polyurethane Resins for Synthetic LeatherAgents for Fiberglass, Polyurethane Resins for Synthetic Leather
Information Information and Electricsand Electrics/Electronics/Electronics
InformationInformation Polyester Beads (PEBs) Used as a Core Component of PolymerizatioPolyester Beads (PEBs) Used as a Core Component of Polymerization Toners, n Toners, Toner ResinsToner Resins
ElectricsElectrics/Electronics/Electronics
Electrolytes for Aluminum Electrolytic Capacitors, Electrolytes Electrolytes for Aluminum Electrolytic Capacitors, Electrolytes for Electric Doublefor Electric Double-- Layer Capacitors, Adhesive for Electronic Parts, Agents for Use Layer Capacitors, Adhesive for Electronic Parts, Agents for Use in Electronic Parts in Electronic Parts Manufacturing, UV/EB Curing ResinsManufacturing, UV/EB Curing Resins
Environmental Protection, Environmental Protection, Construction and OthersConstruction and Others
Polymer Flocculants for Wastewater Treatment, Cationic Monomer,Polymer Flocculants for Wastewater Treatment, Cationic Monomer,PPG for Furniture and Heat Insulating Materials, Slurry Agents, PPG for Furniture and Heat Insulating Materials, Slurry Agents, Reactive HotReactive Hot--Melt Adhesives, Raw materials for Building Sealants, Cement AgenMelt Adhesives, Raw materials for Building Sealants, Cement Agentsts
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Principal Products by Product GroupPrincipal Products by Product Group
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Apr.-Jun.FY2016
Consolidatednet sales
\37.1 billion
11%11%¥¥4.04.0 billionbillion
Environmental Protection, Environmental Protection, Construction and Others Construction and Others
Information and Information and Electrics/ElectronicsElectrics/Electronics
Petroleum Petroleum and Automotivesand Automotives
Toiletries Toiletries and Health Careand Health Care
Plastics and Plastics and Textiles Textiles
38%38%¥¥14.814.8 billionbillion
24%24%¥¥9.69.6 billionbillion
14%14%¥¥5.35.3 billionbillion
12%12%¥¥4.94.9 billionbillion
12%12%¥¥4.64.6 billionbillion
36%36%¥¥13.113.1 billionbillion
15% 15% ¥¥5.75.7 billionbillion
15%15%¥¥5.45.4 billionbillion
23%23%¥¥8.78.7 billionbillion
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Net sales decreased mainly by appropriate sales price to respond to a fall in raw material costs.
Net Sales by Product GroupNet Sales by Product Group
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Results of Operations for Cumulative 1Q in FY2016 Results of Operations for Cumulative 1Q in FY2016
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ConsolidatedConsolidatedApr.Apr.--Jun.Jun. Year on Year ChangeYear on Year Change
FY2015FY2015 FY2016FY2016 AmountAmount Ratio (%)Ratio (%)
Net salesNet sales 39.5039.50 37.1437.14 (2.35)(2.35) (6)(6)Operating incomeOperating income 3.193.19 3.983.98 0.790.79 2525Ordinary incomeOrdinary income 3.573.57 3.813.81 0.230.23 66Profit attributable toProfit attributable toowners of parentowners of parent 2.172.17 2.552.55 0.37 0.37 1818
(Billions of yen) (Billions of yen)
Comprehensive incomeComprehensive income 2.252.25 (2.04)(2.04) (4.30)(4.30) --
NonNon--consolidatedconsolidatedApr.Apr.--Jun.Jun. Year on Year ChangeYear on Year Change
FY2015FY2015 FY2016FY2016 AmountAmount Ratio (%)Ratio (%)
Net salesNet sales 25.1925.19 24.5124.51 (0.67)(0.67) (3)(3)Operating incomeOperating income 1.371.37 2.112.11 0.730.73 5353Ordinary incomeOrdinary income 2.072.07 2.652.65 0.570.57 2828Net incomeNet income 1.561.56 2.092.09 0.520.52 3535
(Billions of yen) (Billions of yen)
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3.19
3.98
0.203.82
-0.240.84-0.34
-3.48
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0((Billions of yenBillions of yen)) ¥¥0.79 billion increase from the same periods of previous fiscal y0.79 billion increase from the same periods of previous fiscal yearear
Sales & purchase variancesSales & purchase variancesincrease of increase of ¥¥0.00 billion0.00 billion
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Change in Consolidated Operating Income Change in Consolidated Operating Income
Other factorsOther factorsincrease of increase of ¥¥0.79 billion0.79 billion
1Q1Q--FY2016FY2016OperatingOperatingincomeincome
FixedFixedcostscostseffecteffect
Cost Cost reductions reductions and othersand others
Sales Sales volumevolumeeffecteffect
Exchange Exchange effecteffect
Raw Raw material material costs effectcosts effect
1Q1Q--FY2015FY2015OperatingOperatingincomeincome
Product Product prices prices effecteffect
Sanyo Chemical and its Japanese consolidated subsidiaries, which had mostly been using the declining balance method for depreciation of property, plant and equipment, adopted the straight-line method from this consolidated fiscal year.
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((
Billions of yen Billions of yen ))Change in Consolidated Net Income Change in Consolidated Net Income
AprilApril--JuneJune Year on Year Year on Year ChangeChangeFY2015FY2015 FY2016FY2016
Operating incomeOperating income 3.193.19 3.983.98 0.790.79Equity in losses or earnings of unconsolidated Equity in losses or earnings of unconsolidated subsidiaries and affiliatessubsidiaries and affiliates 0.080.08 0.200.20 0.110.11Gain or loss on foreign exchangeGain or loss on foreign exchange 0.07 0.07 (0.74)(0.74) (0.82)(0.82)Other nonOther non--operating profit and lossoperating profit and loss 0.220.22 0.360.36 0.130.13
Ordinary incomeOrdinary income 3.573.57 3.813.81 0.230.23Gain and Loss on disposal/sales of property, Gain and Loss on disposal/sales of property, plant and equipmentplant and equipment (0.13)(0.13) (0.13)(0.13) (0.00)(0.00)Other extraordinary income or lossOther extraordinary income or loss 0.000.00 0.000.00 (0.00)(0.00)
Income before income taxes Income before income taxes andand minority interestsminority interests 3.443.44 3.683.68 0.230.23Income taxes, etc.Income taxes, etc. (0.96)(0.96) (0.90)(0.90) 0.060.06Profit attributable to nonProfit attributable to non--controlling interestscontrolling interests (0.30)(0.30) (0.22)(0.22) 0.070.07
Profit attributable to owners of parentProfit attributable to owners of parent 2.172.17 2.552.55 0.370.3788
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Mar. 31Mar. 3120162016
Jun. 30Jun. 3020162016
ChangedChangedamountamount Main Change Factor*Main Change Factor*
Current assetsCurrent assets 80.980.9 79.379.3 (1.6)(1.6) Cash and deposits: (1.6), Cash and deposits: (1.6), Notes and accounts receivableNotes and accounts receivable--trade, and Electronically trade, and Electronically recorded monetary claimsrecorded monetary claims--operating: (0.6)operating: (0.6)
Fixed assetsFixed assets 94.394.3 89.589.5 (4.7)(4.7) Property, plant and equipment: (2.4)Property, plant and equipment: (2.4)Investment securities: (1.9)Investment securities: (1.9)
AssetsAssets 175.3175.3 168.9168.9 (6.3)(6.3)
Current liabilitiesCurrent liabilities 42.742.7 40.740.7 (1.9)(1.9)Notes and accounts payableNotes and accounts payable--trade, and Electronically trade, and Electronically recorded obligationsrecorded obligations--operating: (1.5), operating: (1.5), Provision for bonuses: (1.0), Notes payableProvision for bonuses: (1.0), Notes payable--facilities and facilities and Electronically recorded obligationsElectronically recorded obligations--nonnon--operating: 0.7operating: 0.7
LongLong--term liabilitiesterm liabilities 14.214.2 12.512.5 (1.6)(1.6) LongLong--term debt: (0.8), term debt: (0.8), Deferred tax liabilities: (0.6)Deferred tax liabilities: (0.6)
LiabilitiesLiabilities 57.057.0 53.353.3 (3.6)(3.6)ShareholderShareholder’’s equitys equity 99.699.6 101.5101.5 1.81.8 Profit: 2.5, Cash dividends paid: (0.9), Profit: 2.5, Cash dividends paid: (0.9),
Retained earnings resulting from changes in the fiscal Retained earnings resulting from changes in the fiscal yearyear--end of subsidiaries: 0.3end of subsidiaries: 0.3
Other comprehensive Other comprehensive incomeincome 12.312.3 8.48.4 (3.9)(3.9) Unrealized gains on other securities: (0.9), Unrealized gains on other securities: (0.9),
Foreign currency translation adjustment: (2.9)Foreign currency translation adjustment: (2.9)
NonNon--controlling interestscontrolling interests 6.26.2 5.55.5 (0.6)(0.6)Net assetsNet assets 118.2118.2 115.5115.5 (2.7)(2.7)Total Liabilities and Total Liabilities and net assetsnet assets 175.3175.3 168.9168.9 (6.3)(6.3)
Consolidated Balance Sheet Consolidated Balance Sheet (Billions of yen) (Billions of yen)
* Each figure indicates the changed amount.* Each figure indicates the changed amount. 9
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AprilApril--JuneJune ChangedChangedamountamount Special InstructionSpecial Instruction
FY2015FY2015 FY2016FY2016Operating activitiesOperating activities 4.64.6 3.43.4 (1.2)(1.2)
Income before income taxes and Income before income taxes and minority interestsminority interests 3.43.4 3.63.6 0.20.2Depreciation and amortizationDepreciation and amortization 2.12.1 1.71.7 (0.3)(0.3)Equity in earning of unconsolidated Equity in earning of unconsolidated subsidiaries and affiliatessubsidiaries and affiliates (0.0)(0.0) (0.2)(0.2) (0.1)(0.1)(Increase) decrease in operating capital(Increase) decrease in operating capital 1.01.0 (0.6)(0.6) (1.6)(1.6)Income taxesIncome taxes (0.9)(0.9) (1.5)(1.5) (0.5)(0.5)OthersOthers (0.8)(0.8) 0.40.4 1.21.2
Investing activitiesInvesting activities (2.0)(2.0) (2.7)(2.7) (0.7)(0.7)Free cash flowsFree cash flows 2.62.6 0.70.7 (1.9)(1.9)Financing activitiesFinancing activities (3.3)(3.3) (0.8)(0.8) 2.52.5 (1Q in FY2015) Loans, Repayment: (2.3) (1Q in FY2015) Loans, Repayment: (2.3)
(1Q in FY2016) Loans, Repayment: 0.2(1Q in FY2016) Loans, Repayment: 0.2Effect of exchange rate changes on Effect of exchange rate changes on cash and cash equivalentscash and cash equivalents 0.00.0 (1.0)(1.0) (1.0)(1.0)Increase (decrease) in cash and cash Increase (decrease) in cash and cash equivalentsequivalents (0.7)(0.7) (1.0)(1.0) (0.3)(0.3)Cash and cash equivalents at beginning Cash and cash equivalents at beginning of periodof period 16.016.0 19.319.3 3.33.3Increase (decrease) in cash and cash Increase (decrease) in cash and cash equivalents resulting from changes in equivalents resulting from changes in the fiscal yearthe fiscal year--end of subsidiariesend of subsidiaries -- (0.6)(0.6) (0.6)(0.6)Cash and cash equivalents at end of Cash and cash equivalents at end of periodperiod 15.315.3 17.617.6 2.32.3
(Billions of yen) (Billions of yen) Consolidated Cash Flows Consolidated Cash Flows
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<Precondition for the forecast><Precondition for the forecast>Domestic naphtha price: 35 thousand of Yen/kl, Exchange rate: 11Domestic naphtha price: 35 thousand of Yen/kl, Exchange rate: 110 Yen/US$0 Yen/US$
((Billions of yenBillions of yen))
ConsolidatedConsolidatedFY2016 AnnualFY2016 Annual Apr.Apr.--Jun. FY2016Jun. FY2016 FY2015 AnnualFY2015 Annual
Forecast*Forecast* ResultResult Progress to ForecastProgress to Forecast(%)(%) ResultResult
Net salesNet sales 158.00158.00 37.1437.14 2424 157.99157.99Operating incomeOperating income 13.8013.80 3.983.98 2929 12.4812.48Ordinary incomeOrdinary income 14.5014.50 3.813.81 2626 13.2913.29Profit attributable to Profit attributable to owners of parentowners of parent 9.709.70 2.552.55 2626 6.926.92
NonNon--consolidatedconsolidated
FY2016 AnnualFY2016 Annual Apr.Apr.--Jun. FY2016Jun. FY2016 FY2015 AnnualFY2015 AnnualForecast*Forecast* ResultResult Progress to ForecastProgress to Forecast(%)(%) ResultResult
Net salesNet sales 99.0099.00 24.5124.51 2525 99.6999.69Operating incomeOperating income 7.207.20 2.112.11 2929 5.645.64Ordinary incomeOrdinary income 9.809.80 2.652.65 2727 7.887.88Net incomeNet income 7.807.80 2.092.09 2727 5.825.82
Forecast for FY2016 and Progress in 1QForecast for FY2016 and Progress in 1Q--FY2016FY2016 to Forecastto Forecast
*Forecasts announced on April 28, 2016
*Forecasts announced on April 28, 2016
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Sanyo Chemical and its Japanese consolidated subsidiaries adoptSanyo Chemical and its Japanese consolidated subsidiaries adopt the straightthe straight--line method for depreciation from FY2016. This is line method for depreciation from FY2016. This is expected to result in a decline of approx. expected to result in a decline of approx. ¥¥1.7 billion in consolidated depreciation and approx. 1.7 billion in consolidated depreciation and approx. ¥¥1.4 billion in unconsolidated one.1.4 billion in unconsolidated one.
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37.138.9
41.2 42.5 42.4 40.7 41.5 41.9 42.739.5 38.9
40.738.8
3.81
3.04
3.72
2.94
3.573.143.30
1.58
2.25
1.57
2.58
1.96
3.09
0.0
10.0
20.0
30.0
40.0
50.0
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q0.00
1.00
2.00
3.00
4.00
5.00
6.00
FY2013FY2013 FY2014FY2014 FY2015FY2015 FY2016FY2016
12
Consolidated Business Result TrendConsolidated Business Result Trend
Net sales Net sales (Billions of yen) (Billions of yen)
Ordinary income Ordinary income (Billions of yen)(Billions of yen)
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10.7
8.28.07.3
8.17.0
6.16.3
4.0
5.7
3.74.8
3.5
3.98
2.46
1.63
2.43
1.561.95
1.44
2.543.00 3.19
2.823.26 3.19
0.00
1.00
2.00
3.00
4.00
5.00
6.00
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q0.0
2.0
4.0
6.0
8.0
10.0
12.0
Consolidated Operating Income TrendConsolidated Operating Income Trend
13
FY2013FY2013 FY2014FY2014 FY2015FY2015 FY2016FY2016
Operating income Operating income (Billions of yen) (Billions of yen)
Operating income Operating income ratio (%) ratio (%)
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Product GroupProduct GroupNet SalesNet Sales Operating IncomeOperating Income
Apr.Apr.--Jun.Jun.FY2015FY2015
Apr.Apr.--Jun.Jun.FY2016FY2016
ChangedChangedAmountAmount
Apr.Apr.--Jun.Jun.FY2015FY2015
Apr.Apr.--Jun.Jun.FY2016FY2016
ChangedChangedAmountAmount
Toiletries and Health CareToiletries and Health Care 14.8514.85 13.1913.19 (1.66)(1.66) 1.391.39 1.301.30 (0.09)(0.09)ToiletriesToiletries 3.233.23 3.213.21 (0.02)(0.02)Health CareHealth Care 11.6211.62 9.989.98 (1.64)(1.64)
Petroleum and AutomotivesPetroleum and Automotives 9.679.67 8.718.71 (0.95)(0.95) 0.430.43 0.330.33 (0.10)(0.10)Plastics and TextilesPlastics and Textiles 5.355.35 5.405.40 0.050.05 0.740.74 1.081.08 0.340.34
PlasticsPlastics 3.643.64 3.663.66 0.020.02TextilesTextiles 1.701.70 1.741.74 0.030.03
InformationInformationand Electrics/Electronicsand Electrics/Electronics 4.944.94 5.745.74 0.790.79 0.420.42 0.990.99 0.570.57
InformationInformation 3.453.45 4.014.01 0.560.56Electrics/ElectronicsElectrics/Electronics 1.481.48 1.721.72 0.230.23
Environmental Protection, Environmental Protection, Construction and OthersConstruction and Others 4.674.67 4.084.08 (0.59)(0.59) 0.190.19 0.260.26 0.070.07
TotalTotal 39.5039.50 37.1437.14 (2.35)(2.35) 3.193.19 3.983.98 0.790.79
Results of Operations by Product Group for 1Q in FY2016 Results of Operations by Product Group for 1Q in FY2016 (Billions of yen)(Billions of yen)
1414
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13.1
14.815.6
14.714.816.415.7
16.715.7
8.79.39.89.49.610.310.19.99.7
5.45.15.35.35.3
5.25.35.3
5.4 5.75.2
4.8
4.64.95.55.44.65.2
4.04.3
4.9
4.65.25.34.84.6 4.6
0.0
3.0
6.0
9.0
12.0
15.0
18.0
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q
Consolidated Net Sales Trend by Product Group Consolidated Net Sales Trend by Product Group
Toiletries and Toiletries and Health Care Health Care
Petroleum and Petroleum and AutomotivesAutomotives
Information and Information and Electrics/ Electrics/
Electronics Electronics
Plastics and Plastics and TextilesTextiles
Environmental Environmental Protection, Protection, Construction and Construction and OthersOthers
15
FY2015FY2015 FY2016FY2016
(Billions of yen) (Billions of yen)
FY2014FY2014
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1.30
1.59
1.25
1.00
1.39
1.111.09
0.710.81
0.330.220.48
0.480.430.470.33
0.180.20
1.08
0.700.820.820.740.600.65
0.530.620.99
0.550.48
0.280.42
0.350.32
-0.02
0.25
0.260.12
0.210.190.44
0.130.03
0.05
0.23
-0.50
0.00
0.50
1.00
1.50
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q
Consolidated Operating Income Trend by Product Group Consolidated Operating Income Trend by Product Group
((Billions of yenBillions of yen))
FY2014FY2014 FY2016FY2016
16
Toiletries and Toiletries and Health Care Health Care
Petroleum and Petroleum and AutomotivesAutomotives
Information and Information and Electrics/ Electrics/
Electronics Electronics
Plastics and Plastics and TextilesTextiles
Environmental Environmental Protection, Protection, Construction and Construction and OthersOthers
FY2015FY2015
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38.540.138.0 40.0 38.8 38.7 40.7 41.938.7
41.3 41.1 40.1 40.5
14.215.514.816.4 16.5 16.4 16.6 17.3 16.2
17.616.2 15.6 16.4
4.1 4.13.9 4.3 4.2 4.5 4.3 4.6 4.6 4.5 4.7 4.0 4.3
6.06.74.9 5.8 5.76.26.5
7.56.06.66.46.36.0
1.82.42.8 3.0 2.4 2.5 2.9 2.62.4 2.5 3.1 3.3
2.6
0.0
5.0
10.0
15.0
20.0
25.0
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q0.0
10.0
20.0
30.0
40.0
50.0
121.5122.3121.4119.2114.4103.8102.2102.8100.498.998.8
115.3108.2
70.0
90.0
110.0
130.0
17FY2013FY2013 FY2014FY2014 FY2015FY2015 FY2016FY2016
Average exchange rateAverage exchange rate(Yen/US$)(Yen/US$)
Overseas sales ratioOverseas sales ratio(%)(%)
AsiaAsia(except China)(except China)
China China
Americas Americas
Other Other
Total Total
Consolidated Overseas Sales Trend Consolidated Overseas Sales Trend
Overseas salesOverseas sales(Billions of yen) (Billions of yen)
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18
Consolidated Net Sales Trend by Geographic Segments Consolidated Net Sales Trend by Geographic Segments Internal sales among Sanyo Chemical Group are not eliminated. Internal sales among Sanyo Chemical Group are not eliminated.
(Billions of yen) (Billions of yen)
USA USA
Japan Japan
OtherOther
China China
FY2013FY2013 FY2014FY2014 FY2015FY2015 FY2016FY2016
30.430.331.731.132.433.834.733.432.733.833.932.6
31.9
6.58.17.06.5 7.7 7.9 8.1 7.7 7.6 6.7 8.36.5 8.1
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
45.0
50.0
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q
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3.27
2.12
2.592.392.35
2.50
2.09
1.09
1.551.33
1.84
1.23
2.00
0.71
1.110.39
0.46
0.36
0.55
0.220.40
0.32
0.43
0.46 0.78 0.58
-0.50
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q
19
Internal sales among Sanyo Chemical Group are not eliminated. Internal sales among Sanyo Chemical Group are not eliminated. (Billions of yen) (Billions of yen)
FY2013FY2013 FY2014FY2014 FY2015FY2015 FY2016FY2016
USA USA
Japan Japan
Other Other
China China
Consolidated Operating Income Trend Consolidated Operating Income Trend by Geographic Segmentsby Geographic Segments
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17.2
14.3
10.5
7.4
9.8
7.99.29.69.69.1
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
20.0
FY2012 FY2013 FY2014 FY2015 FY2016
2.21.7
Consolidated Investment in Plant & Equipment, Consolidated Investment in Plant & Equipment, and Depreciation & Amortizatand Depreciation & Amortization ion
ResultsResultsin 1Qin 1Q
20
((PlanPlan))
DepreciationDepreciation& amortization & amortization
(Billions of yen) (Billions of yen)
Investment inInvestment inplant & equipment plant & equipment
Sanyo Chemical and its Japanese consolidated subsidiaries, which had mostly been using the declining balance method for depreciation of property, plant and equipment, adopted the straight-line method from this consolidated fiscal year.
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ReferenceReference
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FY2013FY2013 FY2014FY2014 FY2015FY2015 FY2016FY2016
Transition of Price of Domestically Produced Naphtha Transition of Price of Domestically Produced Naphtha
(Ref.(Ref.--1)1)
Domestic naphtha priceDomestic naphtha price((Thousands of yen/klThousands of yen/kl))
65.5 63.9 67.8 72.0 69.9 70.966.0
47.0 48.8 47.240.9
34.3 31.6
0
20
40
60
80
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q
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Domestic Consolidated Subsidiaries (5 companies) Domestic Consolidated Subsidiaries (5 companies)
Company NameCompany Name Abbr.Abbr. Equity OwnershipEquity Ownership Line of BusinessLine of Business
SDP Global Co., Ltd.SDP Global Co., Ltd. SDPSDP Sanyo ChemicalSanyo ChemicalToyota TsushoToyota Tsusho
70%70%30%30%
Manufacture and sales of Manufacture and sales of superabsorbent polymerssuperabsorbent polymers
SAN NOPCO LIMITEDSAN NOPCO LIMITED SNLSNL Sanyo ChemicalSanyo Chemical 100%100%Manufacture and sales of agents for Manufacture and sales of agents for pulp & paper, coating agents, a wide pulp & paper, coating agents, a wide range of industrial agents, etc.range of industrial agents, etc.
San Chemical Co., Ltd.San Chemical Co., Ltd. SCCSCC Sanyo ChemicalSanyo ChemicalJX Nippon Oil & EnergyJX Nippon Oil & Energy
50%50%50%50%
Manufacture of raw materials for Manufacture of raw materials for polyurethane foams, etc.polyurethane foams, etc.
SanSan--Apro Ltd.Apro Ltd. SASA Sanyo ChemicalSanyo ChemicalAirAir--ProductsProducts
50%50%50%50%
Manufacture and sales of curing Manufacture and sales of curing accelerators for epoxy resins, accelerators for epoxy resins, urethane catalysts, etc.urethane catalysts, etc.
Sanyo Transport Sanyo Transport Co., Ltd.Co., Ltd. -- Sanyo ChemicalSanyo Chemical 100%100% General truckingGeneral trucking
(Ref.(Ref.--2)2)
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Overseas Consolidated Subsidiaries (8 companies) Overseas Consolidated Subsidiaries (8 companies) Company NameCompany Name Abbr.Abbr. Equity OwnershipEquity Ownership Line of BusinessLine of Business
Sanyo Kasei (Nantong) Co., Ltd.Sanyo Kasei (Nantong) Co., Ltd.[China][China] SKNSKN Sanyo ChemicalSanyo Chemical 100%100% Manufacture of surfactants, Manufacture of surfactants,
polyurethane resins, etc.polyurethane resins, etc.
SanSan--Dia Polymers (Nantong) Dia Polymers (Nantong) Co., Ltd.Co., Ltd.
[China][China]SDNSDN SDP GlobalSDP Global 100%100% Manufacture and sales of Manufacture and sales of
superabsorbent polymers superabsorbent polymers
Sanyo Chemical (Shanghai) Sanyo Chemical (Shanghai) Trading Co., Ltd.Trading Co., Ltd.
[China][China]SCSTSCST Sanyo ChemicalSanyo Chemical 100%100% Sales of surfactants, polyurethane Sales of surfactants, polyurethane
resins, etc.resins, etc.
Sanyo Kasei (Thailand) Ltd.Sanyo Kasei (Thailand) Ltd.[Thailand][Thailand] SKTSKT
Sanyo ChemicalSanyo ChemicalToyota TsushoToyota Tsushoand others and others
89%89%
11%11%
Manufacture and sales of Manufacture and sales of surfactants, polyurethane resins, surfactants, polyurethane resins, etc.etc.
SANAM CorporationSANAM Corporation[USA][USA] SANAMSANAM Sanyo Chemical Sanyo Chemical 100%100%
Holding company of U.S. Holding company of U.S. consolidated subsidiaries. consolidated subsidiaries. Sales of lubricating oil additives, Sales of lubricating oil additives, toner resins, etc.toner resins, etc.
Sanyo Chemical &Resins, LLCSanyo Chemical &Resins, LLC[USA][USA] SCRSCR SANAMSANAM 100%100% Manufacture of lubricating oil Manufacture of lubricating oil
additivesadditives
Sanyo Chemical Sanyo Chemical Texas Industries, LLCTexas Industries, LLC
[USA][USA] SCTISCTI SANAMSANAM 100%100% Manufacture of polyurethane Manufacture of polyurethane beadsbeads
SDP GLOBAL (MALAYSIA) SDP GLOBAL (MALAYSIA) SDN.BHD.SDN.BHD.
[Malaysia][Malaysia]SDPMSDPM SDP GlobalSDP Global 100%100% Manufacture and sales of Manufacture and sales of
superabsorbent polymerssuperabsorbent polymers
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Company NameCompany Name Abbr.Abbr. Equity OwnershipEquity Ownership Line of BusinessLine of Business
SanSan--Petrochemicals Petrochemicals Co., Ltd.Co., Ltd. SPCCSPCC Sanyo ChemicalSanyo Chemical
JX Nippon Oil & EnergyJX Nippon Oil & Energy50%50%50%50%
Manufacture of raw materials for Manufacture of raw materials for synthetic rubberssynthetic rubbers
Sunrise Chemical LLCSunrise Chemical LLC[USA][USA] SRCSRC
SANAM SANAM JX Nippon Chemical JX Nippon Chemical TexasTexas
50%50%
50%50%Manufacture of raw materials for Manufacture of raw materials for synthetic rubberssynthetic rubbers
Nagoya Sanyo Nagoya Sanyo Warehouse Co., Ltd.Warehouse Co., Ltd. -- Sanyo ChemicalSanyo Chemical 100%100% WarehousingWarehousing
Shiohama Chemicals Shiohama Chemicals Warehouse Co., Ltd.Warehouse Co., Ltd. --
Sanyo ChemicalSanyo ChemicalJX Nippon Oil & Energy JX Nippon Oil & Energy
50%50%50%50% WarehousingWarehousing
Sanliving Ltd.Sanliving Ltd. SLSL Sanyo ChemicalSanyo Chemical 100%100% Real estate, insurance and agencyReal estate, insurance and agency
Subsidiaries and Affiliates Accounted for by Equity MethodSubsidiaries and Affiliates Accounted for by Equity Method
(Ref.(Ref.--4)4)
(5 companies) (5 companies)