Chemical & Engineering News
June 23, 1997
Copyright © 1997 by the American Chemical Society
COMPANY RESULTS: Profits crept up as headcount went down
Sales and income recovery slowed in 1996, but profit margin still rose
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Note: Based on results of 12 leading Japanese chemical companies: Asahi Chemical, Dainippon Ink & Chemicals, Hitachi Chemical, MItsubishi Chemical, Mitsui Toatsu Chemicals, Sekisui Chemical, Showa Denko, Sumitomo Chemical, Takeda Chemical Industries, Teijin, Toray Industries, and Ube Industries. The fiscal year for most, but not all, of these companies ends March 31. Monetary statistics for all years converted from yen to U.S. dollars on the basis of the 1996 average exchange rate of $1.00 = 108.78 yen.
Sources: BZW Securities, SBC Warburg, Toya Keizai Shinposha
| $ Millions | Net sales | Net income | Profit margina | Total assets | Employeesb (thousands) |
|---|---|---|---|---|---|
| Asahi Chemical | |||||
| 1996 | $10,114 | $157.5 | 1.6% | $9,968 | 15.6 |
| 1995 | 9,371 | 132.7 | 1.4 | 9,807 | 16.3 |
| 1994 | 9,009 | 101.1 | 1.1 | 10,112 | 17.1 |
| 1993 | 8,611 | 102.7 | 1.2 | 10,033 | 17.6 |
| 1992 | 9,141 | 152.6 | 1.7 | 10,141 | 18.1 |
| $ Millions | Net sales | Net income | Profit margina | Total assets | Employeesb (thousands) |
| Dainippon Ink & Chemicals | |||||
| 1996 | $4,450 | $57.0 | 1.3% | $6,449 | 7.0 |
| 1995 | 4,361 | 54.9 | 1.3 | 6,232 | 7.1 |
| 1994 | 4,330 | 55.1 | 1.3 | 6,435 | 7.2 |
| 1993 | 4,270 | 57.5 | 1.3 | 6,357 | 7.3 |
| 1992 | 4,500 | 64.5 | 1.4 | 6,237 | 7.2 |
| $ Millions | Net sales | Net income | Profit margina | Total assets | Employeesb (thousands) |
| Hitachi Chemical | |||||
| 1996 | $2,409 | $49.5 | 2.1% | $1,897 | 4.7 |
| 1995 | 2,360.9 | 38.2 | 1.6 | 1,816 | 4.8 |
| 1994 | 2,252 | 29.4 | 1.3 | 1,802 | 4.9 |
| 1993 | 2,314 | 19.6 | 0.8 | 1,814 | 5.2 |
| 1992 | 2,576.1 | 19.6 | 0.8 | 1,954 | 5.6 |
| $ Millions | Net sales | Net income | Profit margina | Total assets | Employeesb (thousands) |
| Mitsubishi Chemical | |||||
| 1996 | $9,936 | $45.0 | 0.5% | $12,238 | 12.9 |
| 1995 | 9,990 | 79.0 | 0.8 | 12,808 | 13.6 |
| 1994 | 7,952 | 4.6 | 0.1 | 12,377 | 14.3 |
| 1993 | 6,403 | 29.3 | 0.5 | 8,752 | 11.3 |
| 1992 | 6,525 | 45.9 | 0.7 | 8,752 | 10.0 |
| $ Millions | Net sales | Net income | Profit margina | Total assets | Employeesb (thousands) |
| Mitsui Toatsu Chemicals | |||||
| 1996 | $3,736 | $44.6 | 1.2% | $5,534 | 4.9 |
| 1995 | 3,615 | 37.4 | 1.0 | 5,692 | 5.1 |
| 1994 | 3,447 | 0.0 | 0.0 | 6,067 | 5.5 |
| 1993 | 3,309 | 2.9 | 0.1 | 6,075 | 5.6 |
| 1992 | 3,632 | 27.8 | 0.8 | 5,832 | 5.7 |
| $ Millions | Net sales | Net income | Profit margina | Total assets | Employeesb (thousands) |
| Sekisui Chemical | |||||
| 1996 | $7,494 | $165.6 | 2.2% | $5,802 | 6.0 |
| 1995 | 6,809 | 150.4 | 2.2 | 5,593 | 6.0 |
| 1994 | 6,527 | 105.7 | 1.6 | 6,067 | 6.0 |
| 1993 | 6,319 | 102.9 | 1.6 | 6,115 | 6.0 |
| 1992 | 6,201 | 92.0 | 1.5 | 6,148 | 6.0 |
| $ Millions | Net sales | Net income | Profit margina | Total assets | Employeesb (thousands) | Showa Denko |
| 1996 | $3,794 | $33.4 | 0.9% | $5,196 | 4.3 |
| 1995 | 4,165 | 1.9 | 0 | 5,800 | 4.3 |
| 1994 | 4,136 | -170.9 | nm | 6,314 | 5.0 |
| 1993 | 4,253 | -209.5 | nm | 6,485 | 5.3 |
| 1992 | 4,677 | 60.6 | 1.3 | 7,550 | 5.4 |
| $ Millions | Net sales | Net income | Profit margina | Total assets | Employeesb (thousands) |
| Sumitomo Chemical | |||||
| 1996 | $5,712 | $109.1 | 1.9% | $7,389 | 6.5 |
| 1995 | 5,330 | 82.3 | 1.5 | 7,420 | 7.0 |
| 1994 | 5,149 | 31.4 | 0.6 | 7,769 | 7.5 |
| 1993 | 5,015 | -2.5 | nm | 7,825 | 8.0 |
| 1992 | 5,738 | 51.2 | 0.9 | 7,827 | 8.0 |
| $ Millions | Net sales | Net income | Profit margina | Total assets | Employeesb (thousands) |
| Takeda Chemical Industries | |||||
| 1996 | $5,858 | $460.1 | 7.9% | $8,226 | 10.6 |
| 1995 | 5,534 | 380.5 | 6.9 | 7,988 | 10.9 |
| 1994 | 5,258 | 367.7 | 7.0 | 7,354 | 11.2 |
| 1993 | 5,163 | 340.8 | 6.6 | 7,268 | 11.2 |
| 1992 | 5,192 | 290.5 | 5.6 | 7,118 | 11.2 |
| $ Millions | Net sales | Net income | Profit margina | Total assets | Employeesb (thousands) |
| Teijin | |||||
| 1996 | $3,082 | $83.7 | 2.7% | $4,858 | 6.7 |
| 1995 | 2,973 | 81.8 | 2.8 | 5,074 | 7.2 |
| 1994 | 2,969 | 55.1 | 1.9 | 5,148 | 7.7 |
| 1993 | 2,858 | 69.8 | 2.4 | 5,144 | 7.6 |
| 1992 | 3,052 | 99.2 | 3.3 | 5,817 | 7.2 |
| $ Millions | Net sales | Net income | Profit margina | Total assets | Employeesb (thousands) |
| Toray Industries | |||||
| 1996 | $5,216 | $196.9 | 3.8% | $8,428 | 10.3 |
| 1995 | 4,994 | 164.0 | 3.3 | 8,242 | 10.5 |
| 1994 | 4,826 | 147.1 | 3.0 | 7,704 | 10.5 |
| 1993 | 4,865 | 169.7 | 3.5 | 7,647 | 10.8 |
| 1992 | 5,333 | 220.7 | 4.1 | 7,634 | 10.7 |
| $ Millions | Net sales | Net income | Profit margina | Total assets | Employeesb (thousands) |
| Ube Industries | |||||
| 1996 | $3,464 | $64.9 | 1.9% | $5,552 | 6.2 |
| 1995 | 3,349 | 45.6 | 1.4 | 5,722 | 6.6 |
| 1994 | 3,264 | 4.6 | 0.1 | 7,998 | 6.9 |
| 1993 | 3,391 | -14.3 | nm | 8,173 | 7.5 |
| 1992 | 3,891 | 25.3 | 0.6 | 8,910 | 7.7 |
Note: Monetary statistics for all years converted to U.S. dollars on the basis of 1996 average exchange rate of $1.00 = 108.78 yen. Results are for parent company only (unconsolidated). Fiscal year ends March 31 for all companies except Showa Denko, whose fiscal year ends Dec. 31. Prior to 1995, Sumitomo Chemical's fiscal year ended Dec. 31. a Net income as a percent of sales. b As of Sept. 30, 1996. nm = not meaningful. Sources: BZW Securities, SBC Warburg, Toyo Keizai Shinposha
