FY2019 Business Performance
In the Petroleum and Automotives segment, sales were flat. This was due to a decrease in sales of raw materials for polyurethane foams used in automobile seats and other applications, despite flat sales of lubricant additives and increased sales of thermoplastic polyurethane beads for interior parts of automobiles due to an increase in vehicle models using high-performance parts.
As a result, total net sales in this segment decreased by 0.8% year on year, to ¥42,770 million. Operating profit was ¥3,740 million (an increase of 22.3% year on year).