KH Neochem Co., Ltd. Revises Earnings Guidance for the Fiscal Year Ending December 31, 2023
October 27, 2023 at 11:30 am IST
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KH Neochem Co., Ltd. revised earnings guidance for the fiscal year ending December 31, 2023. For the year, the company now expects net sales to be ¥114,800 million, operating income to be ¥10,000 million, net income attributable to owners of parent to be ¥6,900 million or Earnings per share to be ¥186.22 against net sales to be ¥118,400 million, operating income to be ¥13,000 million, net income attributable to owners of parent to be ¥8,900 million or Earnings per share to be ¥240.20.
KH Neochem Co Ltd is a Japan-based company engaged in the manufacture and sale of petrochemicals. The Company's business is divided into three business units. The basic chemical businessâs main products include butyl alcohols, octyl alcohols and butyl acetates. The business is involved in the provision for the manufacture of paints, inks, commodity resins, plasticizers, detergents and others. The performance material businessâs main products include isononanoic acids and octylic acids, among others. The business is involved in the provision of raw materials for surfactants, water-based paints, cosmetics, pesticides, as well as pharmaceutical products. The electronic material businessâs main products include propylene glycol methyl ether-pure (PM-P) and propylene glycol methyl ether acetate-pure (PMA-P). The business is involved in the provision for semiconductors, display materials and optical materials, among others.
KH NEOCHEM CO., LTD. 
