Sekisui Chemical Co Ltd (FRA:SUI)
€ 14.8 0 (0%) Market Cap: 6.26 Bil Enterprise Value: 6.06 Bil PE Ratio: 13.19 PB Ratio: 1.27 GF Score: 90/100
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Q1 2021 Sekisui Chemical Co Ltd Earnings Call Transcript

Jul 30, 2020 / NTS GMT
Release Date Price: €12 (+3.45%)
Futoshi Kamiwaki
Sekisui Chemical Co., Ltd. - Director, Senior Managing Executive Officer & Head of Business Strategy Department

My name is Futoshi Kamiwaki, Senior Managing Executive Officer and Head of Business Strategy Department. Thank you for joining the results meeting today. I would like to walk you through the presentation material.

The currency assumptions under the business plan for Q1 and Q2 are shown on the first page. Page 2 is the overview of the results for Q1. Let me quickly remind you the assumptions under the business plan we provided back in April. In April, we communicated that we expected severe impact from COVID-19 in the first quarter but a gradual recovery during the second quarter.

Having said that, we still expect a substantial impact from COVID-19 during the first half. There are multiple factors that would significantly hit our business. For instance, auto and smartphone production, number of testing done at the hospitals for lifestyle-related diseases, number of visitors to the housing exhibits, housing starts and delays in construction projects.

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