FY2019 Business Performance
In the Plastics segment, while sales of paint coating agents and additives were strong, sales of our mainstay permanent antistatic agents and resin modifiers did not increase. As a result, sales in the Plastics segment were flat.
The Textiles segment experienced a large-scale decline in sales, as polyurethane resins for synthetic leather and elastomer fiber and the spin finish oil used in the manufacturing process of tire cord yarns and other items experienced a downturn due to reasons such as the impact of the issue between the US and China of export tariffs on exports to China, despite increased sales of chemicals for carbon fibers due to an increase in demand.
As a result, total net sales in this segment decreased by 3.2% year on year, to ¥21,453 million. Operating profit was ¥3,003 million (a decrease of 11.4% year on year).