Overview
In Petroleum and Automotives, our products are principally sold for automotive applications. They include the raw materials such as polypropylene glycol (PPG) for polyurethane foams used in automobile seats, thermoplastic polyurethane beads (TUBs) for the interior parts of automobiles including instrument panels, and viscosity index improvers used in lubricant for automobiles.
FY2024 Business Performance
In the Petroleum segment, a recovery in demand for lubricant additives led to smooth sales.
In the Automotives segment, with automobile production flat, sales were sluggish as a result of raw materials for domestic polyurethane foams used in automobile seats and other applications being weak due to the inflow of low-cost products from overseas, in addition to which there was a decrease in olyurethane beads for interior parts of automobiles to overseas destinations.
As a result, total net sales in this segment decreased by 2.5% year on year to ¥49,232 million. Operating profit was ¥3,979 million (an increase of 41.2% year on year).