KurarayKURARAY CO.,LTD.3405東証プライム化学FY ending Dec 2025, consolidated, J-GAAP

Kuraray FY ending Dec 2025 results

About 48% of Kuraray's sales come from Vinyl acetate, with Functional materials and Trading making up much of the rest.

Out of every ¥100 of sales, about ¥7 is left as operating profit.

Revenue changed -2.2% from the prior year, operating profit -30.8%.

Revenue and profit pattern

Revenue and profit down

Revenue -2.2% · profit -30.8%, calculated from disclosed figures.

Operating leverage: 13.80× (profit growth ÷ revenue growth)

FY ending Dec 2024 → FY ending Dec 2025

Revenue for the FY ending Dec 2025 was ¥808.4B, down 2.2% from ¥826.9B.
Operating income dropped 30.8%, from ¥85.1B to ¥58.9B, for an operating margin of 7.3%.
Net income fell 76.5% to ¥7.47B, mainly because of impairment losses on isoprene-related assets.
Operating cash flow slipped to ¥98.6B, leaving free cash flow of just ¥4.41B.

In vinyl acetate, a sluggish European economy held back volumes, and inventory valuation effects and higher raw material and fuel costs cut into profit
PVOH resin lost last year's one-off European demand, and the US plant briefly stopped production after a utility outage and equipment problems
Functional materials were hurt by a cold snap in the US and production troubles

Key raw materials such as ethylene track oil and gas prices, and sharp swings may be passed on to customers only with a delay
Trade disputes and geopolitical tension could weaken demand or disrupt supply chains in its large overseas business
Currency moves beyond what hedges cover could hit results

Annual Securities Report (145th term) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report (145th term) / 事業等のリスク

FY ending Dec 2024 → FY ending Dec 2025

For every ¥100 Kuraray sells, how much goes where, and how much is kept.

FY ending Dec 2025

Gross margin30.5%

Operating margin7.3%

Net margin0.9%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Revenue by business segment, and the profit each one keeps.

FY ending Dec 2025

※ Segment figures include inter-segment sales and do not sum to the company total

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第145期(2025/01/01－2025/12/31)
ID S100XSSZ2026-03-25Open
EDINET (FSA Japan)
有価証券報告書－第144期(2024/01/01－2024/12/31)
ID S100VGVW2025-03-27Open
EDINET (FSA Japan)
有価証券報告書－第143期(2023/01/01－2023/12/31)
ID S100T5BD2024-03-27Open
EDINET (FSA Japan)
有価証券報告書－第142期(2022/01/01－2022/12/31)
ID S100QH262023-03-29Open
EDINET (FSA Japan)
有価証券報告書－第141期(令和3年1月1日－令和3年12月31日)
ID S100NPXO2022-03-24Open
EDINET (FSA Japan)
有価証券報告書－第140期(令和2年1月1日－令和2年12月31日)
ID S100L0GG2021-03-25Open

Extracted from XBRL: 56 / Derived from other figures: 2

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