Investor Relations

Financial Strategy

Working toward sustainable growth, the Nippon Kayaku Group takes building a solid financial structure capable of adapting to changes in the business environment, and the balance between risks and opportunities, into consideration and makes appropriate decisions regarding investment. Regarding cash on hand, we keep sufficient cash and deposits of a certain level to cover the operating capital needed for normal business activities and to enable agile response to investment in growth businesses. We regard a stable financial base as a strength of the Nippon Kayaku Group, with an equity ratio of 73.6% and a current ratio of 3.9 times. We will utilize this financial base to the fullest extent in actively investing in growth areas.
 The mid-term business plan (the fiscal year ended March 31, 2020 to the fiscal year ending March 31, 2022) contains plans for capital investments totaling about 50,000 million yen over three years. We are planning 22,500 million yen in capital investments in the fiscal year ending March 31, 2020, based on trends in demand, income, investment efficiency and other factors. We invest around 8% of net sales in research and development each year, and are anticipating investment of 13,200 million yen in the fiscal year ending March 31, 2020.
 By accurately identifying market needs and clearly defining domains for concentrating business resources, the NipponKayaku Group aims to expand existing businesses in global growth markets, accelerate the development of new businesses and new products, and enhance profits while raising the company’s corporate value.

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