President & Representative Director
Thank you for visiting the website of Ube Industries, Ltd.
The origins of the Ube Industries Group began more than a century ago in 1897, with the founding of the Okinoyama Coal Mine in Ube City, Yamaguchi Prefecture under the leadership of our founding president, Sukesaku Watanabe.
Since then, UBE has continued to expand into diverse areas of business including machinery, cement, chemicals, and the energy and environment sector while emphasizing business synergy and securing regional development. We continue to keep a diverse business portfolio, yet the nature of our business and our regional business development is changing significantly with the times.
Under our medium-term management plan, Change & Challenge 2018, UBE has set the following two basic policy, "Strengthen the Business Foundation to Enable Sustainable Growth" and "Address and be Part of the Solution for Resource, Energy, and Global Environmental Issues", and is implementing diverse strategies.
Lately, UBE's non-chemicals businesses have generated strong results while the chemicals segment has struggled. The latter has been due to deflationary pressure brought on by shifting market conditions including increased competition from emerging countries, and from other factors such as shorter life cycles for chemical products. As we outlined in our medium-term management plan, UBE will put every effort into further strengthening the revenue base from non-chemicals businesses and work to quickly revive the chemicals segment, as business conditions rapidly change. Our strength is technology and engineering, which we will leverage to enhance our competitiveness while we develop our business globally and move faster as a company.
UBE is committed to securing continued growth for all stakeholders including shareholders, and for the sake of future generations. Thank you for your continued support.
For more details of the new medium-term management plan called "Change & Challenge" ,please click here (PDF:1.45MB).
Fiscal 2016 Earnings Results
In the fiscal year ended March 31, 2017, the U.S. economy sustained recovery and the European economy was also on a track of modest recovery, but the slowing of the Chinese economy became more apparent in Asia; as a whole, the world economy continued modest recovery, while lacking a strength. Although improvement was delayed in some sectors, the overall Japanese economy continued to be on a track of modest recovery.
Under such circumstances, the Company Group has announced "Change & Challenge 2018," the three-year midterm plan for the next three years starting from this fiscal year. Based on the basic policies of the new midterm plan, such as "Strengthen the Business Foundation to Enable Sustainable Growth" and "Address and be Part of the Solution for Resource, Energy, and Global Environmental Issue," we will make full efforts to enhance profitability of each business segment and to overcome business challenges one by one. During the current term, consolidate operating income of the Company Group decreased due to impact of the appreciation of yen that had on overall business. In addition, the business of the Chemicals Segment was adversely affected by price rises of raw materials for some products and a cost increase resulted from periodic inspection of the domestic ammonia product factory. The Cement & Construction Materials Segment suffered from weak demand and worsened export environment in the Japanese cement market. On the other hand, current net income attributable to shareholders of the parent company increased, because large extraordinary losses were not recorded during the current term.
|Fiscal year ended
Mar. 31, 2016
|Fiscal year ended
Mar. 31, 2017
The overall conditions of the Group by segment are as follows.