Overview
In Petroleum and Automotives, our products are principally sold for automotive applications. They include the raw materials such as polypropylene glycol (PPG) for polyurethane foams used in automobile seats, thermoplastic polyurethane beads (TUBs) for the interior parts of automobiles including instrument panels, and viscosity index improvers used in lubricant for automobiles.
FY2023 Business Performance
In the Petroleum and Automotives segment, despite weak sales in polyurethane foams used in automobile seats and other applications due to the inflow of low-cost products from overseas, the increased traction of lubricant additives, and polyurethane beads for interior parts of automobiles, resulted in steady sales.
As a result, total net sales in this segment increased by 4.6% year on year to ¥50,479 million. Operating profit was ¥2,819 million (a decrease of 4.0% year on year).