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Process Industries

Kuraray Co., Ltd.

Business Summary

Kuraray Co., Ltd. engages in the manufacture and sale of functional resins, chemicals, textiles, medical products, and synthetic fibers. It operates through the following segments: Vinyl Acetate, Isoprene, Functional Materials, Fibers and Textiles, Trading, and Others. The Vinyl Acetate segment domestically produces polyvinyl alcohol (PVA) resin, optical PVA film, and EVAL gas barrier. The Isoprene segment manufactures isoprene, fine chemicals, GENESTAR, SEPTON, liquid rubber, KURARITY acrylic thermoplastic elastomer, and others. The Functional Materials segment offers methacrylic resin, CLARINO, and dental materials in medical business. The Fibers and Textiles segment sells KURALON, polyester staple, KURAFLEX, hook and loop fasteners, and others. The Trading segment includes importing and exporting as well as the wholesaling of fibers and textiles such as polyester filament and chemicals. The Others segment deals with activated carbon, aqua, and engineering business. The company was founded on June 24, 1926 and is headquartered in Tokyo, Japan.

Financial Highlights

Dec 2021 JPYUSD
Revenue629,370M5,728.14M
Gross Profit205,438M1,869.77M
Operating income72,257M657.63M
Income before tax58,697M534.22M
Net income37,262M339.13M
EBITDA131,260M1,194.64M
Diluted EPS108.230.98
Dividends Per Share400.36
Total Assets1,091.01B9,474.30M
Total liabilities511,408M4,441.04M
Total equity560,399M4,866.47M
Operating cash flow78,221M711.92M
Currency in JPYCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 518,442M 602,996M 575,807M 541,797M 629,370M
Gross Profit 181,141M 193,870M 182,123M 166,703M 205,438M
Operating income 76,353M 65,795M 54,174M 44,342M 72,257M
Income before tax 69,377M 50,041M 2,893M 9,127M 58,697M
Net income 54,460M 33,561M -1,955M 2,571M 37,262M
EBITDA 119,318M 122,493M 112,332M 106,801M 131,260M
Diluted EPS 154.44 95.85 -5.65 7.46 108.23
Dividends Per Share 42 42 42 40 40
Total Assets 776,735M 947,095M 991,149M 1,051.58B 1,091.01B
Total liabilities 211,244M 380,058M 452,600M 536,099M 511,408M
Total equity 557,507M 556,026M 525,816M 499,127M 560,399M
Operating cash flow 84,606M 75,171M 95,577M 79,947M 78,221M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 4,623.42M 5,459.80M 5,282.10M 5,074.50M 5,728.14M
Gross Profit 1,615.40M 1,755.38M 1,670.68M 1,561.34M 1,869.77M
Operating income 680.91M 595.73M 496.95M 415.30M 657.63M
Income before tax 618.69M 453.09M 26.53M 85.48M 534.22M
Net income 485.67M 303.87M -17.93M 24.08M 339.13M
EBITDA 1,064.06M 1,109.10M 1,030.46M 1,000.30M 1,194.64M
Diluted EPS 1.37 0.86 -0.05 0.06 0.98
Dividends Per Share 0.37 0.38 0.38 0.37 0.36
Total Assets 6,895.11M 8,632.32M 9,120.30M 10,185.32M 9,474.30M
Total liabilities 1,875.22M 3,464.04M 4,164.71M 5,192.49M 4,441.04M
Total equity 4,949.01M 5,067.91M 4,838.42M 4,834.39M 4,866.47M
Operating cash flow 754.51M 680.63M 876.76M 748.78M 711.92M

Valuation Measures

Dec 2021
PER9.22
ROA3.47%
ROE7.03%
Operating margin11.48%
Profit margin5.92%

Key executives

  • President & Representative Director: Hitoshi Kawahara
  • Executive Officer & Manager-Monosol Business: Paul Scott Bening
  • Director & Head-Administration: Keiji Taga
  • Director & Senior Managing Executive Officer: Yoshimasa Sano
  • Representative Director: Hiroaya Hayase

Shareholders

  • Nomura Asset Management Co., Ltd. (6.3%)
  • Kuraray Co., Ltd. (4.6%)
  • Asset Management One Co., Ltd. (3.9%)
  • National Mutual Insurance Fed. of Agricultural Cooperatives (3.0%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.9%)
  • Nippon Life Insurance Co. (2.9%)
  • Nikko Asset Management Co., Ltd. (2.7%)
  • Daiwa Asset Management Co. Ltd. (2.6%)
  • The Vanguard Group, Inc. (2.4%)
  • Meiji Yasuda Life Insurance Co. (1.6%)

Contact Details

  • Website:http://www.kuraray.co.jp
  • Address: Ote Center Building, 1-1-3 Ote-machi, Tokyo, 100-8115, Japan
  • Phone: +81.3.6701.1209

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  • Kuraray Argentina SRL
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  • Kuraray India Pvt Ltd.
  • Kuraray Hong Kong Co., Ltd.
  • Kuraray (Shanghai) Co., Ltd.
  • Kuraray (Thailand) Co. Ltd.
  • Kuraray Trading Vietnam Co. Ltd.
  • Kuraray Europe France SARL

Competitors

  • Eastman Chemical Company
  • Ingevity Corporation
  • Celanese Corporation
  • Advanced Emissions Solutions, Inc.
  • Jiangsu Zhongtian Technology Co., Ltd. Class A
  • Midwest Energy Emissions Corp.
Last Updated on 18 May, 2022

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