Interviews
Tosoh Corporation Q1 profits decrease
26 Sep '08
5 min read
The impact from the high cost of fuels on these two products allowed for implementation of domestic and international price increases.
The group's PVC resin shipments decreased in Japan because of a decline in public demand and the implementation of Japan's Revised Building Standard Law.
The launch of operations for a Tosoh PVC manufacturer in China, though, led to a rise in shipments of PVC resins abroad.
The domestic sales figure for PVC rose on account of price increases in Japan and overseas that reflected the heightened cost of raw materials.
Basic Group cement shipments decreased in Japan amid a decline in public- and private-sector demand; however, shipments abroad increased.
Our Specialty Group applied price increases for ethyleneamines in Japan and abroad despite a decrease in overall shipment volume.
Shipments of the group's bromines and heavy metal treatment agents likewise decreased, but its exports of bromine-based flame retardants increased.
In bioscience-related products, overseas and domestic shipments of liquid chromatography columns and packing materials were flat.
Among diagnostic products, exports of in vitro diagnostic reagents decreased slightly, while the shipments of the automated immunoassay and glycohemoglobin analyzers and reagents used in screening for and the monitoring of diabetes mellitus increased solidly.
Shipments of electrolytic manganese dioxide (EMD) to battery material markets globally also increased. Zirconia product shipments, however, decreased abroad, while shipments of zeolites strengthened, particularly in Japan.
Overseas shipments of fused silica glass for semiconductors decreased as the sudden drop in DRAM prices reduced the capital investments of device makers.
Sputtering targets for semiconductor applications remained robust, and although there are signs of a recovery for demand for LCD panels the Company still reported a decrease in shipments of targets to LCD makers.
Sales of water treatment facilities and related chemicals to electronic and general industrial plants and to the pharmaceutical sector decreased.
Urethane raw material sales increased as a result of rising prices in foreign markets. And higher volumes were shipped as a result of an increase in production capacity.
The Service Group saw both its trading and construction companies post sales gains. Logistics companies, on the other hand, experienced a decrease in sales.
The outlook for the fiscal year ending March 31, 2009, projects net sales of ¥900 billion (US$8.5 billion); operating income of ¥48,000 million (US$451 million); ordinary income of ¥47,000 million (US$442 million); and net income of ¥26 billion (US$244 million).
These full-year forecasts are based on a domestic production price for naphtha of ¥69,000/kl and an exchange rate of ¥100 to the US dollar.
The group's PVC resin shipments decreased in Japan because of a decline in public demand and the implementation of Japan's Revised Building Standard Law.
The launch of operations for a Tosoh PVC manufacturer in China, though, led to a rise in shipments of PVC resins abroad.
The domestic sales figure for PVC rose on account of price increases in Japan and overseas that reflected the heightened cost of raw materials.
Basic Group cement shipments decreased in Japan amid a decline in public- and private-sector demand; however, shipments abroad increased.
Our Specialty Group applied price increases for ethyleneamines in Japan and abroad despite a decrease in overall shipment volume.
Shipments of the group's bromines and heavy metal treatment agents likewise decreased, but its exports of bromine-based flame retardants increased.
In bioscience-related products, overseas and domestic shipments of liquid chromatography columns and packing materials were flat.
Among diagnostic products, exports of in vitro diagnostic reagents decreased slightly, while the shipments of the automated immunoassay and glycohemoglobin analyzers and reagents used in screening for and the monitoring of diabetes mellitus increased solidly.
Shipments of electrolytic manganese dioxide (EMD) to battery material markets globally also increased. Zirconia product shipments, however, decreased abroad, while shipments of zeolites strengthened, particularly in Japan.
Overseas shipments of fused silica glass for semiconductors decreased as the sudden drop in DRAM prices reduced the capital investments of device makers.
Sputtering targets for semiconductor applications remained robust, and although there are signs of a recovery for demand for LCD panels the Company still reported a decrease in shipments of targets to LCD makers.
Sales of water treatment facilities and related chemicals to electronic and general industrial plants and to the pharmaceutical sector decreased.
Urethane raw material sales increased as a result of rising prices in foreign markets. And higher volumes were shipped as a result of an increase in production capacity.
The Service Group saw both its trading and construction companies post sales gains. Logistics companies, on the other hand, experienced a decrease in sales.
The outlook for the fiscal year ending March 31, 2009, projects net sales of ¥900 billion (US$8.5 billion); operating income of ¥48,000 million (US$451 million); ordinary income of ¥47,000 million (US$442 million); and net income of ¥26 billion (US$244 million).
These full-year forecasts are based on a domestic production price for naphtha of ¥69,000/kl and an exchange rate of ¥100 to the US dollar.
Tosoh Corporation
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