UBE KK

Latest Results (14.08.2024):

Net Sales Increase

For the first quarter ended June 30, 2024, UBE KK reported net sales of 115,385 million yen, marking a 5.6% increase compared to the same period in the previous year. This growth was primarily driven by a recovery in demand for nylon polymer and caprolactam in the Polymers & Chemicals Segment, especially in overseas markets.

Operating Profit Growth

UBE KK's operating profit for the first quarter of 2024 was 2,911 million yen, an 11.0% increase from the previous year's first quarter. This improvement was attributed to higher sales volumes and prices in the Polymers & Chemicals Segment, despite weak sales in the Specialty Products and Machinery Segments.

Ordinary Profit and Profit Attributable to Owners

Ordinary profit for UBE KK in the first quarter of 2024 was 6,967 million yen, a 30.8% increase from the same period in 2023. Profit attributable to owners of the parent also saw a significant rise, reaching 4,804 million yen, up 31.4% year-over-year. These increases were largely due to the positive impact of sales price adjustments in the cement-related business.

Dividends Forecast

UBE KK has forecasted an annual cash dividend of 110.00 yen per share for the fiscal year ending March 31, 2025. This represents an increase from the previous fiscal year's dividend of 105.00 yen per share, reflecting the company's strong financial performance and positive outlook.

Financial Position

As of June 30, 2024, UBE KK's total assets stood at 807,514 million yen, with net assets of 439,677 million yen. The shareholders' equity ratio remained stable at 51.8%, indicating a solid financial position. Shareholders' equity increased to 417,966 million yen from 408,689 million yen as of March 31, 2024.