PETROLEUM AND AUTOMOTIVES

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.

FY2022 Business Performance

27.6%

In the Petroleum and Automotives segment, sales increased due to price revisions caused by soaring raw material prices, despite a decrease in demand for raw materials for polyurethane foams used in automobile seats and other applications, thermoplastic polyurethane beads for interior parts of automobiles, and lubricant additives due to automobile production adjustments.

As a result, total net sales in this segment increased by 13.5% year on year to ¥48,279 million. Operating profit was ¥2,988 million (a decrease of 20.5% year on year) due to a decrease in sales volume.

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