In the first three quarters of the 2019 fiscal year, the company posted sales of 359.076 billion yen, down 4.6 percent from the same period a year earlier; operating profit of 29.624 Billion Yen, down 21.9 percent; and Net profit of 18.946 Billion Yen, down 31.7 percent. JSR numbers are down across the board.
Of this total, 136.468 billion yen in sales, down 10.1 percent year-on-year; 961 million yen in operating profit, down 87.1 percent; and 465,695 tons in sales, down 4 percent year-on-year. SSBR sales growth of 10% , but due to the global automobile and tire market downturn, sales of non-SSBR products fell by 7% . Among them, automotive rubber fell 10% year-on-year. Analysts said the decline in sales volumes, coupled with lower raw material prices led to lower sales prices, such as the spread trading smaller, so that operating profit growth was affected.
The company forecast sales of about Y483BN for the year to March 2020, down 2.8 per cent from the previous year; operating profit of Y40bn, down 7.0 per cent; and net profit of Y28bn, down 10.0 per cent from the previous year, about the same as the revised figure for October 2019. Of this total, the elastomer business generated Y185.5 BN in sales and Y3BN in operating profit.
However, Hideki Miyazaki, the company's director and Managing Director of operations, said the company's y3bn revenues were in jeopardy because of lower-than-expected butadiene prices and a weaker-than-expected spot trade with naphtha. SSBR sales are expected to continue to grow. The company's production site in Thailand will operate at full capacity. The Hungarian production site is currently providing samples and is expected to contribute to the company's sales from the start of the new financial year.
As Rubber Profile extrusion manufacturer, seashorerubber company focus on rubber industry news.
SUBSCRIBER TO US GET ALL THE LATEST INFORMATION ON EVENTS,SALES AND OFFERS.