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.
FY2023 Business Performance
In the Plastics segment, sales fell due to weak sales of permanent antistatic agents as a result of sluggish demand for electronic components, along with a decrease in demand for paint coating agents and additives.
In the Textiles segment, sales were weak due to sluggish sales of chemicals for carbon fibers used in wind turbines for wind power generation and a slow recovery in demand for spin finish oil used in the manufacturing process of tire cord yarns and other items.
As a result, total net sales in this segment decreased by 10.4% year on year, to ¥25,235 million. Operating profit was ¥2,367 million (a decrease of 14.9% year on year).