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Investor Presentaiton

Vinyl Acetate Net Sales (Billion yen) 137.8 135.0 134.7 ☐ FY2018 1H FY2019 1H FY2019 1H Forecast Result Operating Income (Billion yen) 29.0 23.5 23.1 ■ PVA resin Sales volume decreased due to economic slow down. ■Optical-use poval film Although demand for large screen displays remained firm, the shipments were affected by the decline in operation on one of the production lines in the 1st quarter and inventory adjustment of polarizer film. ■Water-soluble PVA film Demand for unit-dose detergent packet grew and strong sales continued. ■PVB film Although demand for SentryGlas™ expanded, PVB film declined for commodity use due to economic slow down. ■EVAL™ Sales decreased for automotive gas tank application due to a decline in vehicle production numbers. The sales volume for food packaging applications fell due to delays in the recovery of sales. FY2018 1H FY2019 1H Forecast FY2019 1H Result kuraray 7
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