The Power of Chemistry
KH NeoChem is a fine chemicals manufacturer committed to our Corporate Mission of “Realizing a brighter tomorrow for society through the power of chemistry.” Leveraging our reliable technology accumulated over our long history, we continue to grow steadily through the production and world-wide stable supply of high-performance chemical materials that are gentle on the global environment and essential to people’s everyday lives.
I would like to express my sincere appreciation to all of our shareholders for your ongoing invaluable support.
I, Michio Takahashi, was appointed CEO and President of KH NeoChem on March 26, 2019. As the representative of the KH NeoChem Group, I will do my utmost best in steering management.
The KH NeoChem Group had been promoting our second mid-term business plan, which ended in FY2018, in line with the main theme of “Challenge for Change.” In FY2018, as the conclusion of this business plan, we steadily promoted key initiatives such as “executing various policies to secure high profit,” “strengthening our production infrastructure in order to achieve stable supply of premium products,” and “strengthening production capacity of performance materials.”
As a result of such efforts, our net sales increased by 6.9% year-on-year to 101.2 billion yen, while our sales profit decreased by 5.5% year-on-year to 10.9 billion yen. Overall, we exceeded the planned targets for net sales and operating income set in the second mid-term business plan for each financial year.
Furthermore, in regards to dividends for end-of-term FY2018, we have set a value of 27 yen per share with overall consideration to consolidated performance, financial circumstances, etc. Combined with the mid-term dividend value of 27 yen per share, this results in total annual dividends of 54 yen per share.
FY2019 marks the first year of our third mid-term business plan, whereby we will promote efforts to realize VISION 2030, an initiative we announced in November 2018. We will leap into action and do our best to firmly promote various policies as definite steps toward VISION 2030.
I sincerely hope that all of you will continue to provide KH NeoChem with your invaluable support.
President and CEO
CEO and President