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Financial Highlights

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 lubricating oils for automobiles.

FY2016 business performance

Petroleum and Automotives segment remained unchanged. This was due to appropriate sales price revision to respond to a fall in cost of raw materials for polyurethane foams used in automobile seats and other applications, and lubricating oil additives, despite sales expansion of new products of thermoplastic polyurethane beads for the interior parts of automobiles.

As a result, total net sales in this segment decreased by 2.2% from the previous fiscal year, to \37,496 million. Operating income was \2,110 million (a 29.8% increase).

From FY2015, in order to evaluate segment performances more appropriately, cost allocation rules were changed. The figures of operating income from FY2014 are based on the changed rules.

Sanyo Chemical and its Japanese consolidated subsidiaries, which had mostly been using the declining balance method for depreciation of property, plant and equipment (using the straight-line method for the buildings acquired after April 1, 1998, except building facilities) adopted the straight-line method from this consolidated fiscal year.

  

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