QUICK Corp.

Equity Bottom-Up

The pace of demand recovery is slower than expected, and the full-year earnings forecast has been revised downward
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Chemicals division fell into the red due to COVID-19 in 1H Consolidated results for 1H of FY3/21 were net sales of JPY280bn (-16% YoY) and OP of JPY3.4bn (-80% YoY). In the Chemicals department, Polyimide performed well for displays. However, due to the global reduction in automobile production with the COVID-19 infectious disease epidemic, shipments of nylon, fine products…</li>
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Notes: This is translated from our Japanese report issued on 3 Aug 2020.
Business performance deteriorated significantly due to sluggish demand for automobiles, etc
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In 1Q, profits fell into the red due to the impact of COVID-19 In the consolidated financial results for 1Q FY3/21, sales were JPY136.1bn (-18% YoY) and operating profit and loss fell to a loss of JPY660mn (in the same period of the previous year, profit of JPY7.3bn). In the Chemicals business, Nylon performed well for food packaging…</li>
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Japan

Ube Industries, Ltd. produces and sells chemical products such as nylon resins, plastics and synthetic rubbers, fine chemicals, and pharmaceutical bulk compounds and intermediates. The Company also manufactures cement, construction materials, and machineries.

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