Sekisui Chemical Co., Ltd., 2013 Earnings Call, Apr 26, 2013

Sekisui Chemical Co., Ltd. announced consolidated and non-consolidated earnings results for the year ended March 31, 2013. On consolidated basis, the company reported net income of ¥30,174 million or ¥58.50 per diluted share, recurring income of ¥60,670 million and operating income of ¥59,621 million on net sales of ¥1,032,431 million compared to net income of ¥28,116 million or ¥53.94 per diluted share, recurring income of ¥54,158 million and operating income of ¥54,610 million on net sales of ¥965,090 million for the same period a year ago. Net assets value per share was ¥810.76 compared to ¥682.46 in fiscal 2011. Cash flows from operating activities were ¥71,016 million compared to ¥66,652 million for the same period a year ago. Income before income taxes and minority interests was ¥44,495 million compared to ¥49,240 million for the same period a year ago. Purchases of property, plant and equipment was ¥29,211 million compared to ¥25,963 million for the same period a year ago. On non-consolidated basis, the company reported net income of ¥15,814 million or ¥30.64 per diluted share, recurring income of ¥27,123 million and operating income of ¥12,564 million on net sales of ¥342,941 million compared to net income of ¥12,176 million or ¥23.34 per diluted share, recurring income of ¥20,165 million and operating income of ¥9,215 million on net sales of ¥337,220 million for the same period a year ago. Net assets value per share was ¥544.53 compared to ¥483.22 in fiscal 2011. The company provided consolidated earnings guidance for the mid term and full year of fiscal 2013 ending on March 31, 2014. On consolidated basis, for the mid term period of fiscal 2013 the company expected net income of ¥15,000 million or ¥29.05 per diluted share, recurring income of ¥30,500 million and operating income of ¥31,500 million on net sales of ¥520,000 million. On consolidated basis, for the full year of fiscal 2013 the company expected net income of ¥35,000 million or ¥67.79 per diluted share, recurring income of ¥70,000 million and operating income of ¥74,000 million on net sales of ¥1,078,000 million. The company announced year end dividend of ¥9.00 per share for fiscal 2012 compared to ¥8.00 per share in fiscal 2011. The dividend is payable on June 27, 2013. In fiscal year 2013, the company plans to provide a first half dividend of ¥10 and a second half dividend of ¥10 for a full-year dividend distribution of ¥20 per share. In fiscal year 2012, the company distributed a first half dividend of ¥9 and a second half dividend of ¥9 for a full-year dividend distribution of ¥18 per share.

Sekisui Chemical Co., Ltd. announced that they will report fiscal year 2013 results on Apr 26, 2013