SANYO CHEMICAL INDUSTRIES, LTD.€¦ · SANYO CHEMICAL INDUSTRIES, LTD. A Statement of Accounts . A...

http//:www.sanyohttp//:www.sanyo--chemical.co.jp/chemical.co.jp/Code: 4471Code: 4471

SANYO CHEMICAL INDUSTRIES, LTD.SANYO CHEMICAL INDUSTRIES, LTD.

A Statement of AccountsA Statement of Accounts For the Nine Months Ended December 31, 20For the Nine Months Ended December 31, 201133

3rd Quarter in Fiscal Year 20133rd Quarter in Fiscal Year 2013 (3Q(3Q--FY20FY2013)13)

<<NoticeNotice> > Yen amounts described in this presentation material are rounded Yen amounts described in this presentation material are rounded down. down. Ratios described in this presentation material are rounded off.Ratios described in this presentation material are rounded off.

<<Cautionary Statement with Respect to ForwardCautionary Statement with Respect to Forward--Looking Statement>Looking Statement>This presentation material contains projections based on the assThis presentation material contains projections based on the assumptions, forwardumptions, forward--looking looking statements and plans about the future of SANYO CHEMICAL INDUSTRIstatements and plans about the future of SANYO CHEMICAL INDUSTRIES, LTD. as of ES, LTD. as of January 3January 311, 2014. Actual performance results may vary significantly due to, 2014. Actual performance results may vary significantly due to a variety of factors a variety of factors affecting the sphere of business that include but are not limiteaffecting the sphere of business that include but are not limited to: the world economy, d to: the world economy, competitive position, and fluctuations in the exchange rate, rawcompetitive position, and fluctuations in the exchange rate, raw material costs, and others. material costs, and others.

Please ContactPublic Relations Dept.SANYO CHEMICAL INDUSTRIES, LTD.

TELTELFAXFAXEE--mailmail

+81+81--7575--541541--43124312+81+81--7575--551551--25572557prpr--group@[email protected]

1

Date of Establishment: November 1, 1949 Date of Establishment: November 1, 1949 Head Office: HigashiyamaHead Office: Higashiyama--ku, Kyotoku, KyotoCapital: Capital: ¥¥13,051 million13,051 million

Corporate Data Corporate Data

Domestic Sales & Marketing Offices: Domestic Sales & Marketing Offices:

Domestic Factories: Domestic Factories:

Consolidated Number of Employees:Consolidated Number of Employees:

Line of Business:Line of Business:1,9281,928 (as of Dec. 31, 2013)(as of Dec. 31, 2013)

Nagoya, Nagoya, KinuuraKinuura, Kashima, Kyoto, Kawasaki (San Chemical), Kashima, Kyoto, Kawasaki (San Chemical)

Tokyo, Osaka, Nagoya, Hiroshima, Fukuoka, Toyama Tokyo, Osaka, Nagoya, Hiroshima, Fukuoka, Toyama

Manufacture & sales of approx. 3,000 types of Manufacture & sales of approx. 3,000 types of performance chemicalsperformance chemicals

2

●●Sanyo Transport CoSanyo Transport Co.,., Ltd.Ltd.○○Nagoya Sanyo Warehouse Co., Ltd.Nagoya Sanyo Warehouse Co., Ltd.○○ShiohamaShiohama Chemicals Warehouse Co., Ltd. Chemicals Warehouse Co., Ltd. ○○SanlivingSanliving Ltd.Ltd.

●●SDP Global CoSDP Global Co.,., Ltd.Ltd.●●SSANAN NNOPCOOPCO LLIMITEDIMITED●●San ChemicalSan Chemical CoCo.,., Ltd.Ltd.●●SanSan--Apro Ltd.Apro Ltd.○○SanSan--Petrochemicals Co., Ltd.Petrochemicals Co., Ltd.

●●SANAM Corp.SANAM Corp.●●Sanyo Chemical & Resins, Sanyo Chemical & Resins, LLCLLC●●Sanyo ChemicalSanyo Chemical Texas InTexas Industries, LLC dustries, LLC ○○Sunrise Chemical LLCSunrise Chemical LLC

●●Sanyo Kasei (Nantong) Co., Ltd. (China)Sanyo Kasei (Nantong) Co., Ltd. (China)●●SanSan--DiaDia Polymers (Nantong) Co., Ltd. Polymers (Nantong) Co., Ltd.

(China) (China) ●●Sanyo Chemical (Shanghai) Trading Sanyo Chemical (Shanghai) Trading

Co., Ltd. (China)Co., Ltd. (China)

●●Sanyo Kasei (Thailand) Ltd. Sanyo Kasei (Thailand) Ltd.

3

Sanyo Chemical Group Sanyo Chemical Group

Domestic Domestic Subsidiaries & Subsidiaries &

AffiliatesAffiliates

(5 companies)(5 companies)

Overseas Overseas Subsidiaries & Subsidiaries &

AffiliatesAffiliates


●●Consolidated Subsidiaries (12 companies)Consolidated Subsidiaries (12 companies)○○Subsidiaries and Affiliates Accounted for by Equity Method (5 coSubsidiaries and Affiliates Accounted for by Equity Method (5 companies)mpanies)

SANYO CHEMICAL SANYO CHEMICAL INDUSTRIES, LTD.INDUSTRIES, LTD.

Logistics Logistics & Service & Service AffiliatesAffiliates


Class.Class. SubSub-- CategoryCategory Principal ProductsPrincipal Products

Toiletries Toiletries and Health and Health CareCare

ToiletriesToiletries Surfactants for Detergents, Surfactants for Hair Care Products,Surfactants for Detergents, Surfactants for Hair Care Products,Agents for PapermakingAgents for Papermaking

Health CareHealth CareSuperabsorbent Polymers (SAPs), Base Materials for PharmaceuticaSuperabsorbent Polymers (SAPs), Base Materials for Pharmaceuticals, ls, Germicides/Disinfectants, Surgical Germicides/Disinfectants, Surgical HemostaticHemostatic Sealants, EIA Diagnostic Reagents, Sealants, EIA Diagnostic Reagents, Potting Resins for Artificial KidneysPotting Resins for Artificial Kidneys

Petroleum and Petroleum and AutomotivesAutomotives

Thermoplastic Polyurethane Beads for the Interior Parts of AutomThermoplastic Polyurethane Beads for the Interior Parts of Automobiles (obiles (TUBsTUBs), ), Raw Materials for Polyurethane Foams Raw Materials for Polyurethane Foams (PPG)(PPG), Lubricating Oil Additives, , Lubricating Oil Additives, Additives for Fuel Oils, WaterAdditives for Fuel Oils, Water--Soluble Cutting Fluids, HalogenSoluble Cutting Fluids, Halogen--Free Cleaning Agents, Free Cleaning Agents, Base Materials for Synthetic Lubricants, Paste Resins for DesignBase Materials for Synthetic Lubricants, Paste Resins for Design Models, Models, Resins for Automobile PaintsResins for Automobile Paints

Plastics and Plastics and TextilesTextiles

PlasticsPlasticsPermanent Antistatic Agents, Pigment Dispersants, Resin ModifierPermanent Antistatic Agents, Pigment Dispersants, Resin Modifiers, s, Base Materials for Polyurethane Elastomers, Paint Resins, Base Materials for Polyurethane Elastomers, Paint Resins, Chemical Boards for ModelsChemical Boards for Models

TextilesTextiles Agents for Textile Manufacturing, Chemicals for Carbon Fibers, Agents for Textile Manufacturing, Chemicals for Carbon Fibers, Agents for Fiberglass, Polyurethane Resins for Synthetic LeatherAgents for Fiberglass, Polyurethane Resins for Synthetic Leather

Information Information and Electricsand Electrics/Electronics/Electronics

InformationInformation Polyester Beads (Polyester Beads (PEBsPEBs) Used as a Core Component of Polymerization Toners) Used as a Core Component of Polymerization Toners, , Toner ResinsToner Resins

ElectricsElectrics/Electronics/Electronics

Electrolytes for Aluminum Electrolytic Capacitors, Electrolytes for Aluminum Electrolytic Capacitors, Electrolytes for Electric DoubleElectrolytes for Electric Double--Layer Capacitors, Layer Capacitors, Agents for Use in Hard Disk Manufacturing, UV/EB Curing ResinsAgents for Use in Hard Disk Manufacturing, UV/EB Curing Resins

Environmental Protection, Environmental Protection, Construction and OthersConstruction and Others

Polymer Flocculants for Wastewater Treatment, Polymer Flocculants for Wastewater Treatment, Polyurethane for Heat Insulating Materials (PPG), Slurry Agents,Polyurethane for Heat Insulating Materials (PPG), Slurry Agents,Reactive HotReactive Hot--Melt Adhesives, Raw Materials for Building Sealants, Cement AgenMelt Adhesives, Raw Materials for Building Sealants, Cement Agentsts

4

Principal products by Product Group Principal products by Product Group

5

Net Sales by Product GroupNet Sales by Product Group

Apr.-Dec.FY2013

Consolidatednet sales

\122.7 billion

1111％％¥¥1313..77billionbillion

Apr.-Dec.FY2012

Consolidatednet sales

\106.1 billion

3838％％¥¥40.640.6billionbillion

2323％％¥¥24.5 billion24.5 billion


1414％％¥¥ 15.015.0billionbillion


4141％％¥¥5050..7 7 billion billion

1313％％¥¥15.615.6 billionbillion

1212％％¥¥14.5 14.5 billionbillion

2323％％¥¥2828..0 0 billion billion

Information and Information and Electrics/ElectronicsElectrics/Electronics

Toiletries Toiletries and Health Careand Health Care

Environmental Protection, Environmental Protection, Construction and OthersConstruction and Others

Petroleum Petroleum and Automotivesand Automotives

Plastics and TextilesPlastics and Textiles

Results of Operations for 3Q in FY2013 Results of Operations for 3Q in FY2013

ConsolidatedConsolidatedApr.Apr.--Dec.Dec. Year on Year ChangeYear on Year Change

FY2012FY2012 FY2013FY2013 AmountAmount Ratio (%)Ratio (%)Net salesNet sales 106.10106.10 122.76122.76 16.6616.66 1616Operating incomeOperating income 4.624.62 6.546.54 1.911.91 41 41 Ordinary incomeOrdinary income 5.435.43 7.647.64 2.20 2.20 4141Net incomeNet income 3.273.27 4.564.56 1.281.28 3939

(Billions of yen) (Billions of yen)

Comprehensive Comprehensive incomeincome 2.912.91 9.489.48 6.566.56 3.2 3.2 timestimes

UnUnconsolidatedconsolidatedApr.Apr.--Dec.Dec. Year on Year ChangeYear on Year Change

FY2012FY2012 FY2013FY2013 AmountAmount Ratio (%)Ratio (%)

Net salesNet sales 70.8270.82 75.6175.61 4.784.78 77Operating incomeOperating income 2.392.39 2.672.67 0.270.27 1111Ordinary incomeOrdinary income 4.424.42 4.384.38 (0.03)(0.03) ((11))Net incomeNet income 3.373.37 3.413.41 0.040.04 11


66

Results of Operations for 3Q in FY2013 Results of Operations for 3Q in FY2013

Consolidated Consolidated Subsidiaries (12 companies)Subsidiaries (12 companies)

Of which, SDP Group (SDP and SDN) Of which, SDP Group (SDP and SDN)

Apr.Apr.--Dec.Dec. Year on Year ChangeYear on Year ChangeFY2012FY2012 FY2013FY2013 AmountAmount Ratio (%)Ratio (%)

Net sales 55.0155.01 73.5473.54 18.5318.53 3434Operating income 1.911.91 3.653.65 1.731.73 91 91 Ordinary income 2.242.24 3.773.77 1.521.52 6868

Apr.Apr.--Dec.Dec. Year on Year ChangeYear on Year ChangeFY2012FY2012 FY2013FY2013 AmountAmount Ratio (%)Ratio (%)

Net salesNet sales 28.1528.15 38.4238.42 10.2610.26 3636Operating incomeOperating income 0.790.79 2.172.17 1.371.37 2.7 2.7 timestimes

Ordinary incomeOrdinary income 0.920.92 2.292.29 1.371.37 2.5 2.5 timestimes



7

Internal sales among Sanyo Chemical Group are not eliminated. Internal sales among Sanyo Chemical Group are not eliminated.

Change in Consolidated Operating Income Change in Consolidated Operating Income

4.62

6.54

0.68

2.32

-1.051.78

2.84-4.66

0.0

2.0

4.0

6.0

8.0

10.0

8

Sales & purchase variancesSales & purchase variancesIncrease of Increase of ¥¥0.50 billion0.50 billion

Others factorsOthers factorsIncrease of Increase of ¥¥1.41 billion1.41 billion

¥¥1.91 billion increase from the same periods of previous fiscal y1.91 billion increase from the same periods of previous fiscal yearear

3Q3Q--FY2012FY2012OperatingOperatingincomeincome

Product Product prices effectprices effect

Raw material Raw material costs effectcosts effect

Exchange Exchange effecteffect

Sales volumeSales volumeeffecteffect

Cost Cost reductions reductions and othersand others

Fixed costsFixed costseffecteffect

3Q3Q--FY2013FY2013OperatingOperatingincomeincome



9

Change in Consolidated Net Income Change in Consolidated Net Income

Apr.Apr.--Dec.Dec. Year on Year Year on Year ChangeChangeFY2012FY2012 FY2013FY2013

Operating incomeOperating income 4.624.62 6.546.54 1.911.91Equity in earnings of unconsolidated subsidiaries and Equity in earnings of unconsolidated subsidiaries and affiliatesaffiliates 0.390.39 0.020.02 (0.37)(0.37)Gain or loss on foreign exchangeGain or loss on foreign exchange 0.040.04 0.550.55 0.500.50Other nonOther non--operating profit and lossoperating profit and loss 0.350.35 0.510.51 0.150.15

Ordinary incomeOrdinary income 5.435.43 7.647.64 2.202.20Gain and Loss on disposal/sales of property, Gain and Loss on disposal/sales of property, plant and equipmentplant and equipment (0.45)(0.45) (0.49)(0.49) (0.03)(0.03)Other extraordinary incomeOther extraordinary income or lossor loss 0.080.08 0.140.14 0.060.06

Income before income taxes Income before income taxes andand minority interestsminority interests 5.055.05 7.297.29 2.232.23Income taxes, etc.Income taxes, etc. (1.44)(1.44) (2.05)(2.05) (0.60)(0.60)Minority interestsMinority interests (0.33)(0.33) (0.67)(0.67) (0.34)(0.34)

Net incomeNet income 3.273.27 4.564.56 1.281.28

Mar. 31Mar. 3120132013

Dec. 31Dec. 3120132013

ChangedChangedamountamount Main Change Factor*Main Change Factor*

Current assetsCurrent assets 73.873.8 83.983.9 10.110.1 Cash and deposits: 5.6, Notes and accounts Cash and deposits: 5.6, Notes and accounts receivablereceivable--trade: 3.6, Inventories: 0.4trade: 3.6, Inventories: 0.4

Fixed assetsFixed assets 81.581.5 84.784.7 3.23.2 Investment securities: 3.7Investment securities: 3.7

AssetsAssets 155.4155.4 168.7168.7 13.313.3Current liabilitiesCurrent liabilities 50.450.4 53.553.5 3.03.0 Notes and accounts payableNotes and accounts payable--trade: 4.3,Shorttrade: 4.3,Short--term term

debt: 0.9, Current portion of longdebt: 0.9, Current portion of long--term debt: (1.0)term debt: (1.0)

LongLong--term liabilitiesterm liabilities 10.610.6 13.213.2 2.62.6 LongLong--term debt: 1.9, Provision for retirement benefits: term debt: 1.9, Provision for retirement benefits: (0.5),Deferred tax liabilities: 1.2(0.5),Deferred tax liabilities: 1.2

LiabilitiesLiabilities 61.161.1 66.866.8 5.65.6ShareholderShareholder’’s equitys equity 86.686.6 89.589.5 2.82.8 Net income: 4.5, Cash dividends paid: (1.6)Net income: 4.5, Cash dividends paid: (1.6)

Other comprehensive Other comprehensive incomeincome 4.54.5 8.58.5 3.93.9 Unrealized gains on other securities: 2.5,Unrealized gains on other securities: 2.5,

Foreign currency translation adjustment: 1.3Foreign currency translation adjustment: 1.3

Minority interests Minority interests 2.92.9 3.83.8 0.80.8Net assetsNet assets 94.294.2 101.9101.9 7.67.6Total Liabilities and Total Liabilities and net assetsnet assets 155.4155.4 168.7168.7 13.313.3

Consolidated Balance Sheet Consolidated Balance Sheet (Billions of yen) (Billions of yen)

* * Each figure indicates the changed amount.Each figure indicates the changed amount.

10

AprilApril--Dec.Dec. ChangedChangedamountamount Main Change Factor*Main Change Factor*

FY2012FY2012 FY2013FY2013Operating activitiesOperating activities 9.59.5 12.212.2 2.72.7

Income before income taxes and minority Income before income taxes and minority interestsinterests 5.05.0 7.27.2 2.22.2Depreciation and amortizationDepreciation and amortization 6.66.6 7.07.0 0.30.3Equity in earning of unconsolidated Equity in earning of unconsolidated subsidiaries and affiliatessubsidiaries and affiliates (0.3)(0.3) (0.0)(0.0) 0.30.3(Increase) decrease in operating capital(Increase) decrease in operating capital (0.8)(0.8) 0.90.9 1.71.7 Notes and accounts receivableNotes and accounts receivable--trade: (3.8),trade: (3.8),

Inventories: 1.0, Notes and accounts payable: 4.5Inventories: 1.0, Notes and accounts payable: 4.5Income taxesIncome taxes (0.8)(0.8) (2.0)(2.0) (1.2)(1.2)OthersOthers (0.1)(0.1) (0.8)(0.8) (0.7)(0.7)

Investing activitiesInvesting activities (9.0)(9.0) (6.1)(6.1) 2.82.8Free cash flowsFree cash flows 0.40.4 6.16.1 5.65.6Financing activitiesFinancing activities (0.4)(0.4) (0.8)(0.8) (0.3)(0.3)

(3Q in FY2013)(3Q in FY2013)Loans, Repayment: 0.9, Loans, Repayment: 0.9, Cash dividends paid: (1.6) Cash dividends paid: (1.6)

Effect of exchange rate changes on Effect of exchange rate changes on cash and cash equivalentscash and cash equivalents 0.00.0 0.30.3 0.30.3Increase (decrease) in cash and cash Increase (decrease) in cash and cash equivalentsequivalents 0.00.0 5.65.6 5.55.5Cash and cash equivalents at Cash and cash equivalents at beginning of periodbeginning of period 9.39.3 10.110.1 0.80.8Increase in cash and cash equivalents Increase in cash and cash equivalents from newly consolidated subsidiaryfrom newly consolidated subsidiary 0.20.2 －－ (0.2)(0.2) Sanyo Transport Co., Ltd.Sanyo Transport Co., Ltd.

Cash and cash equivalents at end of Cash and cash equivalents at end of periodperiod 9.79.7 15.715.7 6.06.0

(Billions of yen) (Billions of yen) Consolidated Cash Flows Consolidated Cash Flows

11* * Each figure indicates the changed amount.Each figure indicates the changed amount.

12

(Billions of yen)(Billions of yen)

ConsolidatedConsolidatedForecast forForecast for

FY2013FY2013Forecast forForecast for

FY2013FY2013 ChangedChangedamountamount

Changed Changed ratio ratio （％）（％）

FY2012FY2012

Announced on Announced on Jan. 27, 2014 Jan. 27, 2014

Announced onAnnounced onOct. 30, 2013Oct. 30, 2013 ResultsResults

Net salesNet sales 11663.03.0 161.0161.0 2.02.0 11 142.6142.6Operating incomeOperating income 7.87.8 7.47.4 0.40.4 55 66..11Ordinary incomeOrdinary income 9.09.0 8.18.1 0.90.9 1111 7.27.2Net incomeNet income 5.05.0 4.94.9 0.10.1 22 4.14.1

Revised Forecast for FY2013Revised Forecast for FY2013

UnUnconsolidatedconsolidatedForecast forForecast for

FY2013FY2013Forecast forForecast for

FY2013FY2013 ChangedChangedamountamount

Changed Changed ratio ratio （％）（％）

FY2012FY2012

Announced on Announced on Jan. 27, 2014Jan. 27, 2014

Announced onAnnounced onOct. 30, 2013Oct. 30, 2013 ResultsResults

Net salesNet sales 100.0100.0 99.099.0 1.01.0 11 94.794.7Operating incomeOperating income 3.03.0 3.03.0 0.00.0 00 2.82.8Ordinary incomeOrdinary income 5.05.0 5.05.0 0.00.0 00 5.45.4Net incomeNet income 0.00.0 3.63.6 (3.6)(3.6) (100)(100) 4.04.0

The table aboveThe table above is described based on financial revisions for our consolidated Fis described based on financial revisions for our consolidated FY2013 and reporting of an extraordinary loss Y2013 and reporting of an extraordinary loss in nonin non--consolidated accounting, which were announced on Jan. 27, 2014 (consolidated accounting, which were announced on Jan. 27, 2014 (Japanese version only).Japanese version only).


Consolidated Business Result TrendConsolidated Business Result Trend

42.5

36.535.434.735.935.134.835.635.333.834.833.433.8

38.941.2

2.583.00

2.552.92

2.04

2.89

1.30

1.85

0.90

2.24

1.21

1.97 1.83

3.09

1.96

0.0

10.0

20.0

30.0

40.0

50.0

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q0.0

1.0

2.0

3.0

4.0

5.0

6.0

FY2010FY2010 FY2011FY2011 FY2012FY2012 FY2013FY2013

13

Ordinary income Ordinary income (Billions of yen)(Billions of yen)

Net sales Net sales (Billions of yen) (Billions of yen)

6.3

4.34.63.9

4.6

2.7

4.1

7.9 7.5 7.4

5.3

6.6

2.9 4.0

5.7

2.462.68

2.522.59

1.81

2.33

1.031.42

0.96

1.63 1.35 1.64 1.55 1.532.43

0.00

1.00

2.00

3.00

4.00

5.00

6.00


2.0

4.0

6.0

8.0

10.0

Consolidated Operating Income TrendConsolidated Operating Income Trend

14


Operating income Operating income (Billions of yen) (Billions of yen)

Operating income Operating income ratio (%) ratio (%)

15

Product GroupProduct Group AprilApril--Dec.Dec. Year on Year ChangeYear on Year ChangeFY2012FY2012 FY2013FY2013 AmountAmount Ratio (%)Ratio (%)

Toiletries and Health CareToiletries and Health Care 40.6640.66 50.7250.72 10.0510.05 2525ToiletriesToiletries 10.4210.42 10.6110.61 0.190.19 22Health CareHealth Care 30.2430.24 40.1040.10 9.869.86 3333

Petroleum and AutomotivesPetroleum and Automotives 24.5124.51 28.0528.05 3.543.54 1414Plastics and TextilesPlastics and Textiles 13.2013.20 14.5514.55 1.341.34 1010

PlasticsPlastics 8.278.27 9.029.02 0.740.74 99TextilesTextiles 4.934.93 5.525.52 0.590.59 1212

InformationInformationand Electrics/Electronicsand Electrics/Electronics 15.0115.01 15.6915.69 0.680.68 55

InformationInformation 11.2811.28 11.6711.67 0.390.39 33Electrics/ElectronicsElectrics/Electronics 3.723.72 4.014.01 0.280.28 88

Environmental Protection, Environmental Protection, Construction and OthersConstruction and Others 12.7012.70 13.7413.74 1.031.03 88

TotalTotal 106.10106.10 122.76122.76 16.6616.66 1616

(Billions of yen)(Billions of yen)Consolidated Net Sales by Product Group Consolidated Net Sales by Product Group

16

Consolidated Net Sales Trend by Product Group Consolidated Net Sales Trend by Product Group

17.417.4

14.013.4

12.612.713.012.512.712.512.012.013.1

14.615.9

9.99.3

7.68.58.78.48.5

6.97.47.87.67.68.3 8.2 8.7

4.94.84.4 4.74.3

4.44.44.54.74.9

4.44.64.44.5 4.35.35.14.95.34.94.65.05.85.15.45.45.7

4.7 5.1 5.24.9

4.44.44.14.34.4

5.0

3.94.43.93.8 4.3

4.14.1

4.3

0.0

4.0

8.0

12.0

16.0

20.0

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3QFY2010FY2010 FY2011FY2011 FY2012FY2012 FY2013FY2013

Toiletries and Toiletries and Health Care Health Care


Information and Information and Electrics/ Electrics/

Electronics Electronics


Environmental Environmental Protection, Protection, Construction and Construction and OthersOthers


Product GroupProduct GroupApr.Apr.--Dec.Dec. Year on Year ChangeYear on Year Change

FY2012FY2012 FY2013FY2013 AmountAmount Ratio (%)Ratio (%)

Toiletries and Health CareToiletries and Health Care 1.931.93 3.163.16 1.221.22 6363Petroleum and AutomotivesPetroleum and Automotives 0.800.80 1.191.19 0.380.38 4848Plastics and TextilesPlastics and Textiles 1.571.57 1.751.75 0.180.18 1212InformationInformationand Electrics/Electronicsand Electrics/Electronics 0.470.47 0.470.47 0.000.00 11Environmental Protection, Environmental Protection, Construction and OthersConstruction and Others (0.15)(0.15) (0.05)(0.05) 0.100.10 －－

TotalTotal 4.624.62 6.546.54 1.911.91 4141


Consolidated Operating Income by Product Group Consolidated Operating Income by Product Group

17

Consolidated Operating Income Trend by Product Group Consolidated Operating Income Trend by Product Group

18

Toiletries and Toiletries and Health Care Health Care


Information and Information and Electrics/ Electrics/

Electronics Electronics


Environmental Environmental Protection, Protection, Construction and Construction and OthersOthers

FY20FY201010 FY201FY20111 FY201FY20122


FY201FY20133

1.000.94

0.67

1.161.24

1.471.39

1.16

0.51

0.55 0.530.50

0.76

0.96

1.19

0.58

0.290.190.23 0.26

0.110.00 0.00 0.03

0.31 0.08

0.370.22 0.16

0.450.430.54 0.51 0.50 0.43

0.700.58

0.540.46

0.49 0.51 0.550.62

0.500.62

0.250.01

-0.01

0.69

0.430.46

0.16

0.52

-0.06-0.02-0.05

0.280.19 0.07

0.14

0.00-0.13

-0.02-0.02

0.04 0.06

0.03

-0.17-0.06

0.04

-0.06-0.03

-0.09 -0.070.02

-0.5

0.0

0.5

1.0

1.5

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

Consolidated Overseas Sales Trend Consolidated Overseas Sales Trend

19

100.498.998.892.592.0

85.9 82.782.3 81.7 77.8 77.479.4 80.2 78.7 81.1

70.0

90.0

110.0

130.0


Average exchange rateAverage exchange rate(Yen/US$)(Yen/US$)

Overseas salesOverseas sales(Billions of yen) (Billions of yen)

Overseas sales ratioOverseas sales ratio(%)(%)

AsiaAsia(except China)(except China)

China China

Americas Americas

Other Other

Total Total 31.2

35.234.933.133.035.935.6

37.335.935.035.8 35.538.0 40.0 38.8

11.012.212.511.611.5

12.812.512.612.511.712.1 12.914.8

16.4 16.5

2.83.03.12.92.93.33.93.43.23.23.2 3.93.5 4.3 4.2

4.0 4.3 4.1 4.0 4.2 4.5 4.5 5.2 4.23.33.9 4.1 4.95.8 6.02.1 2.52.22.92.32.52.61.72.32.72.8 2.4 2.62.8 3.0

0

5

10

15

20


10.0

20.0

30.0

40.0

20

Consolidated Net Sales Trend by Geographic Segments Consolidated Net Sales Trend by Geographic Segments Internal sales among Sanyo Chemical Group are not eliminated. Internal sales among Sanyo Chemical Group are not eliminated.


USA USA

Japan Japan

Other Other (Thailand) (Thailand)

China China


33.930.2 29.9 31.1 30.1

32.2 31.9 30.9 30.6 31.1 29.6 30.5 30.6 31.9 32.6

7.9

4.64.54.23.73.52.73.43.22.92.9 4.6

5.8 6.57.7

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

45.0

50.0


21

Consolidated Operating Income Trend Consolidated Operating Income Trend by Geographic Segmentsby Geographic Segments

Internal sales among Sanyo Chemical Group are not eliminated. Internal sales among Sanyo Chemical Group are not eliminated. (Billions of yen) (Billions of yen)


USA USA

Japan Japan

Other Other (Thailand) (Thailand)

China China

2.452.18 1.99

1.22

1.91

0.80

1.41

0.86

1.61

1.13

1.601.34

2.00

1.23

1.840.08

0.01

0.11

0.00

0.25

0.40

0.60

0.580.30

0.27

0.190.17

0.46

0.36

0.55

-0.5

0.0

0.5

1.0

1.5

2.0

2.5

3.0


22

FY2010FY2010 FY201FY20122 Apr.Apr.--Dec.Dec.FY2013FY2013

FY2014FY2014(Target)(Target)

Strategic Products newly set in theStrategic Products newly set in theEighth MediumEighth Medium--Term Management PlanTerm Management Plan 2.72.7 9.59.5 10.610.6 39.039.0

New growthNew growth--driving productsdriving products 0.90.9 0.70.7 0.50.5 9.09.0Basic products for expansionBasic products for expansion 1.71.7 8.88.8 10.110.1 30.030.0

Strategic Products carried over under theStrategic Products carried over under theSeventh MediumSeventh Medium--Term Management PlanTerm Management Plan 19.119.1 20.220.2 15.315.3 27.027.0Strategic products totalStrategic products total 21.821.8 29.729.7 26.026.0 66.066.0

New growth-driving products(8 items)

New growthNew growth--driving productsdriving products(8 items)(8 items)

Strategic Products newly set in the Eighth Medium-Term Management Plan (18 items)

Strategic Products newly set in the Eighth Strategic Products newly set in the Eighth MediumMedium--Term Management Plan (18 items)Term Management Plan (18 items)

Basic products for expansion(10 items)

Basic products for expansionBasic products for expansion(10 items)(10 items)

Strategic ProductsStrategic ProductsStrategic Products The driving forceThe driving force supporting higher profitability supporting higher profitability and business expansionand business expansion


Strategic Products Strategic Products

Strategic Products carried forward under the SeventhMedium-Term Management Plan (11 items)

Strategic Products carried forward under the SeventhStrategic Products carried forward under the SeventhMediumMedium--Term Management Plan (11 items)Term Management Plan (11 items)

FY2010FY2010 FY2012FY2012 Apr.Apr.--Dec. Dec. FY2013FY2013

FY2014FY2014(Target)(Target)

Toiletries and OthersToiletries and Others 0.10.1 4.64.6 6.06.0 14.014.0AutomotivesAutomotives 9.19.1 13.513.5 11.411.4 19.419.4Information and Electrics / ElectronicsInformation and Electrics / Electronics 12.512.5 11.611.6 8.48.4 32.432.4Strategic products totalStrategic products total 21.821.8 29.729.7 26.026.0 66.066.0


Products related to energy, Products related to energy, EElectronic parts, lectronic parts, BBiotechnology, etc.iotechnology, etc.SAP, Toner Materials, SAP, Toner Materials, Raw Materials for Raw Materials for Polyurethane Foams, etc.Polyurethane Foams, etc.

Consolidated Investment in Plant & Equipment, Consolidated Investment in Plant & Equipment, and Depreciation & Amortizatand Depreciation & Amortization ion

ResultsResultsin 3Qin 3Q

23（（PlanPlan））

7.1

11.612.7

9.8

8.48.0 8.29.4 9.1 9.5

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

FY2009 FY2010 FY2011 FY2012 FY1013

5.1

7.0

DepreciationDepreciation& amortization & amortization


Investment inInvestment inplant & equipment plant & equipment

Topics (Press Release) Topics (Press Release)

（（33））20142014--0101--2727Development of new medical material using functional silk Development of new medical material using functional silk elastinelastinwas adopted to competitive funding programs of JST, Awas adopted to competitive funding programs of JST, A--STEP STEP (Adaptable & seamless technology transfer program through target(Adaptable & seamless technology transfer program through target--driven R&D)driven R&D) --Develop the effective silk Develop the effective silk elastinelastin for healing wound to the medical for healing wound to the medical materialsmaterials

（（44））20142014--0101--3030Launch the new type surgical Launch the new type surgical hemostatichemostatic agent made by non biological agent made by non biological materials independent on the patients blood coagulation abilmaterials independent on the patients blood coagulation ability. ity.

（（11））20132013--1111--2727Increase production of a new grade of superabsorbent polymers Increase production of a new grade of superabsorbent polymers that contribute to greater disposable diaper thinness, that contribute to greater disposable diaper thinness, improve convenience, and meet resource conservation needsimprove convenience, and meet resource conservation needs

24

（（22））20132013--1122--1177Development of new urethane catalyst that enables premixing Development of new urethane catalyst that enables premixing withwithnew foaming agent HFO enables the manufacture of heat insulanew foaming agent HFO enables the manufacture of heat insulatingtingmaterials using foaming agents with low global warming potenmaterials using foaming agents with low global warming potentialtial

ReferenceReference


Transition of Price of Domestically Produced Naphtha Transition of Price of Domestically Produced Naphtha

(Ref.(Ref.--1)1)

Domestic naphtha priceDomestic naphtha price（（Thousands of yenThousands of yen//klkl））

49.742.7 45.1

52.459.0 54.9 51.7 54.1

60.649.8

55.863.8 65.5 63.9 67.8

0

20

40

60

80


(Ref.(Ref.--2)2)

Domestic Consolidated Subsidiaries (5 companies) Domestic Consolidated Subsidiaries (5 companies)

Company NameCompany Name Abbr.Abbr. Equity OwnershipEquity Ownership Line of BusinessLine of Business

SDP Global Co., Ltd.*SDP Global Co., Ltd.* SDPSDP Sanyo ChemicalSanyo ChemicalToyota TsushoToyota Tsusho

70%70%30%30%

Manufacture and sales of Manufacture and sales of superabsorbent polymerssuperabsorbent polymers

SAN NOPCO LIMITEDSAN NOPCO LIMITED SNLSNL Sanyo ChemicalSanyo Chemical 100%100%Manufacture and sales of industrial Manufacture and sales of industrial agents for pulp & paper, coatings, agents for pulp & paper, coatings, etc.etc.

San Chemical Co., Ltd.San Chemical Co., Ltd. SCCSCC Sanyo ChemicalSanyo ChemicalJX Nippon Oil JX Nippon Oil && EnergyEnergy

50%50%50%50%

Manufacture of raw materials for Manufacture of raw materials for polyurethane foams, etc.polyurethane foams, etc.

SanSan--AproApro Ltd.Ltd. SASA Sanyo ChemicalSanyo ChemicalAirAir--ProductsProducts

50%50%50%50%

Manufacture and sales of curing Manufacture and sales of curing accelerators for epoxy resins, accelerators for epoxy resins, urethane catalysts, etc.urethane catalysts, etc.

Sanyo Transport Sanyo Transport Co., Ltd. Co., Ltd. －－ Sanyo ChemicalSanyo Chemical 100%100% General truckingGeneral trucking

**On Sept. 30, 2013, Sanyo Chemical and Toyota Tsusho concluded a On Sept. 30, 2013, Sanyo Chemical and Toyota Tsusho concluded a new joint venture agreementnew joint venture agreementabout about SanSan--Dia Polymers, LtdDia Polymers, Ltd.... According renamed SDP Global Co., Ltd. According renamed SDP Global Co., Ltd.

Company NameCompany Name Abbr.Abbr. Equity OwnershipEquity Ownership Line of BusinessLine of BusinessSanyo Kasei (Nantong) Sanyo Kasei (Nantong) Co., Ltd.Co., Ltd.

[China][China]SKNSKN Sanyo ChemicalSanyo Chemical 100%100%

Manufacture and sales of Manufacture and sales of surfactants, polyurethane resins, surfactants, polyurethane resins, etc.etc.

SanSan--Dia Polymers (Nantong) Dia Polymers (Nantong) Co., Ltd.Co., Ltd.

[China][China]SDNSDN SDP GlobalSDP Global 100%100% Manufacture and sales of Manufacture and sales of

superabsorbent polymers superabsorbent polymers

Sanyo Chemical (Shanghai) Sanyo Chemical (Shanghai) Trading Co., Ltd.Trading Co., Ltd.

[China][China]SCSTSCST Sanyo ChemicalSanyo Chemical 100%100% SalesSales of surfactants, of surfactants,

polyurethane resins, etc.polyurethane resins, etc.

Sanyo Kasei (Thailand) Ltd.Sanyo Kasei (Thailand) Ltd.

[Thailand][Thailand]SKTSKT

Sanyo ChemicalSanyo ChemicalToyota TsushoToyota Tsushoand others and others

89%89%

11%11%

Manufacture and sales of Manufacture and sales of surfactants, polyurethane resins, surfactants, polyurethane resins, etc.etc.

SANAM CorporationSANAM Corporation[USA][USA] SANAMSANAM Sanyo Chemical Sanyo Chemical 100%100%

Holding company of Holding company of U.S. U.S. consolidated subsidiaries. consolidated subsidiaries. Sales of toner resins, Sales of toner resins, etc.etc.

Sanyo Chemical &Sanyo Chemical &Resins, LLCResins, LLC

[USA][USA]SCRSCR SANAMSANAM 100%100% Manufacture of toner resinsManufacture of toner resins

and lubricating oil additivesand lubricating oil additives

Sanyo ChemicalSanyo ChemicalTexas ITexas Industries, LLCndustries, LLC

[USA][USA]SCTISCTI SANAMSANAM 100%100% Manufacture of polyurethane Manufacture of polyurethane

beadsbeads

Overseas Consolidated Subsidiaries (7 companies) Overseas Consolidated Subsidiaries (7 companies)

(Ref.(Ref.--3)3)

Company NameCompany Name Abbr.Abbr. Equity OwnershipEquity Ownership Line of BusinessLine of Business

SanSan--Petrochemicals Petrochemicals Co., Ltd.Co., Ltd. SPCCSPCC Sanyo ChemicalSanyo Chemical

JX Nippon Oil & EnergyJX Nippon Oil & Energy50%50%50%50%

Manufacture of raw materials for Manufacture of raw materials for synthetic rubberssynthetic rubbers

Sunrise Chemical LLCSunrise Chemical LLC[USA][USA] SRCSRC

SANAM SANAM JX Nippon Chemical JX Nippon Chemical TexasTexas

50%50%

50%50%Manufacture of raw materials for Manufacture of raw materials for synthetic rubberssynthetic rubbers

Nagoya Sanyo Nagoya Sanyo Warehouse Co., Ltd.Warehouse Co., Ltd. －－ Sanyo ChemicalSanyo Chemical 100%100% WarehousingWarehousing

Shiohama Chemicals Shiohama Chemicals Warehouse Co., Ltd.Warehouse Co., Ltd. －－

Sanyo ChemicalSanyo ChemicalJX Nippon Oil & Energy JX Nippon Oil & Energy

50%50%50%50% WarehousingWarehousing

Sanliving Ltd.Sanliving Ltd. SLSL Sanyo ChemicalSanyo Chemical 100%100% Real estate, insurance and agencyReal estate, insurance and agency

Subsidiaries and Affiliates Accounted for by Equity MethodSubsidiaries and Affiliates Accounted for by Equity Method(5 companies) (5 companies)

(Ref.(Ref.--4)4)

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