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Financial Highlights

Plastics and Textiles

Overview

In Plastics, we market a broad range of value-added products for plastics used in many everyday applications. In recent years, we have focused on permanent antistatic agents that prevent malfunctions in electronic components and keep dust out of plastics. Leveraging their long-lasting effectiveness, we have expanded their applications.

In Textiles, a business that dates right back to the beginnings of the Sanyo Chemical Group, the principal products we handle are spin finishes and modifiers used in manufacturing processes for synthetic fibers. As well as contributing to higher value-added features in textiles, these products are increasingly used in agents used in textile manufacturing processes for industrial materials, including production of airbag yarns and seat belts for automobiles and carbon fibers.

FY2016 business performance

In Plastics segment, sales were flat because of flat sales of permanent antistatic agents, and stagnant sales of active agents for rubbers and plastics, despite brisk sales increases of resin modifiers.

The Textiles segment was flat in sales mainly due to weak sales of polyurethane resins used for synthetic leather and elastomer fiber, though sales of fiberglass agents and chemicals for carbon fibers increased mainly abroad and sales of agents used in textile manufacturing processes for seat belt and tire cord yarns increased because of recovery trend in Chinese market.

As a result, total net sales in this segment decreased by 0.4% from the previous fiscal year, to \21,155 million. Operating income was \4,177 million (a 34.6% increase) due to improvement of product mix.

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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