Kuraray announced its consolidated financial results for the fiscal year ending March 2013. The group's consolidated sales increased 0.1% year-on-year to 369,431 million yen, operating profit decreased 10.1% to 49,197 million yen, ordinary profit decreased 9.9% to 48,590 million yen, and net profit decreased 8.5% to 28,798 million yen. While sales remained roughly flat, this was due to a decline in operating profits in the core businesses of resins and chemicals. Meanwhile, sales in the textiles business fell 9.8% year-on-year to 57,192 million yen, but operating profit increased 8.2% to 1,193 million yen, resulting in a decrease in sales but an increase in profits. Although demand for KURALON was sluggish in the European and Asian markets, positive factors included steady progress in developing new applications for the high-strength fiber "Vectran" and strong sales of "Clarino" for use in school bags.

This fiscal year, the textile business will implement structural improvements, including consolidating operations into new environmentally friendly processes and transferring existing processes to China. In addition, the company plans to further advance the mid-term management plan launched in fiscal 2012 and accelerate the development of new products and applications through technological innovation.

Consolidated financial forecasts for the next fiscal year are sales of 430 billion yen, operating profit of 60 billion yen, ordinary profit of 58.5 billion yen, and net profit of 35 billion yen.