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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 2019 JPYUSD
Revenue575,807M5,282.10M
Gross Profit182,123M1,670.68M
Operating income54,174M496.95M
Income before tax2,893M26.53M
Net income-1,955M-17.93M
EBITDA112,332M1,030.46M
Diluted EPS-5.65-0.05
Dividends Per Share420.38
Total Assets991,149M9,120.30M
Total liabilities452,600M4,164.71M
Total equity525,816M4,838.42M
Operating cash flow95,577M876.76M
Currency in JPYCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 521,721M 485,192M 518,442M 602,996M 575,807M
Gross Profit 167,421M 168,738M 181,141M 193,870M 182,123M
Operating income 66,077M 67,828M 76,353M 65,795M 54,174M
Income before tax 58,514M 60,512M 69,377M 50,041M 2,893M
Net income 35,749M 40,400M 54,460M 33,561M -1,955M
EBITDA 110,179M 109,383M 119,318M 122,493M 112,332M
Diluted EPS 101.57 114.75 154.44 95.85 -5.65
Dividends Per Share 40 41 42 42 42
Total Assets 701,770M 725,433M 776,735M 947,095M 991,149M
Total liabilities 198,181M 204,451M 211,244M 380,058M 452,600M
Total equity 496,894M 513,678M 557,507M 556,026M 525,816M
Operating cash flow 93,228M 93,923M 84,606M 75,171M 95,577M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 4,309.43M 4,465.27M 4,623.42M 5,459.80M 5,282.10M
Gross Profit 1,382.90M 1,552.91M 1,615.40M 1,755.38M 1,670.68M
Operating income 545.79M 624.22M 680.91M 595.73M 496.95M
Income before tax 483.32M 556.89M 618.69M 453.09M 26.53M
Net income 295.28M 371.80M 485.67M 303.87M -17.93M
EBITDA 910.08M 1,006.66M 1,064.06M 1,109.10M 1,030.46M
Diluted EPS 0.83 1.05 1.37 0.86 -0.05
Dividends Per Share 0.33 0.37 0.37 0.38 0.38
Total Assets 5,833.74M 6,219.68M 6,895.11M 8,632.32M 9,120.30M
Total liabilities 1,647.45M 1,752.91M 1,875.22M 3,464.04M 4,164.71M
Total equity 4,130.62M 4,404.14M 4,949.01M 5,067.91M 4,838.42M
Operating cash flow 770.06M 864.38M 754.51M 680.63M 876.76M

Valuation Measures

Dec 2019
PER--
ROA-0.20%
ROE-0.36%
Operating margin9.40%
Profit margin-0.33%

Key executives

  • President & Representative Director: Masaaki Ito
  • Director & Head-Technology Main Division: Kazuhiro Nakayama
  • Executive Officer & Manager-WS Film Business: Paul Scott Bening
  • Director & Senior Managing Executive Officer: Kazuhiko Kugawa
  • Director & Managing Executive Officer: Kenichi Abe

Shareholders

  • Nomura Asset Management Co., Ltd. (5.7%)
  • Asset Management One Co., Ltd. (3.8%)
  • Kuraray Co., Ltd. (3.1%)
  • National Mutual Insurance Fed. of Agricultural Cooperatives (3.0%)
  • Nippon Life Insurance Co. (2.9%)
  • The Vanguard Group, Inc. (2.7%)
  • Nikko Asset Management Co., Ltd. (2.7%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.6%)
  • Daiwa Asset Management Co. Ltd. (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

Related Companies

  • Kuraray Kuraflex Co., Ltd.
  • Kuraray Noritake Dental, Inc.
  • Kuraray Magic Tape (Shanghai) Co. Ltd.
  • Kuraray Korea Ltd.
  • Kuraray Chile SpA
  • Kuraray Middle East FZE
  • Kuraray Malaysia Sdn. Bhd.
  • Kuraray Methacrylate (Zhang Jia Gang) Co. Ltd.
  • OOO Trosifol
  • Kuraray Dental Benelux BV
  • Kuraray Argentina SRL
  • Kuraray Colombia SAS
  • Kuraray China Co., Ltd.
  • Kuraray South America Ltda.
  • Kuraray Chemical (Ningxia) Environmental Industry Co. Ltd.
  • Kuraray Mexico S de RL de CV
  • 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
  • Kuraray Europe Italia SRL
  • Kuraray Europe Nordic AB Oy
  • Kuraray Europe Moravia sro
  • Du Pont Ei De Nemours & Co. /Glass Laminating Sol Vinyls Bus/
  • Kuraray Noritake Dental Holdings KK
  • Kuraray Asia Pacific Pte Ltd.
  • Kuraray Trading Co., Ltd.
  • Iruma Country Club Co. Ltd.

Competitors

  • Eastman Chemical Company
  • Ingevity Corporation
  • Celanese Corporation
  • Imerys SA
  • Advanced Emissions Solutions, Inc.
  • Midwest Energy Emissions Corp.
Last Updated on 3 Apr, 2020

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