Taiyo Nippon Sanso Overseas revenue ratio of 55.8% after acquisition of European and US HyCO business

摘要

Taiyo Nippon Sanso's acquisition of Praxair's European business and Linde's US HyCO business interests on December 3, 2018 brought their overseas revenue ratio over the halfway mark to 55.8% for the second quarter of the fiscal year ending March 2020 (April 1, 2019 to March 31, 2020). Overseas operating profit rose to 64.7%. Performance targets for the current medium-term management plan, which ends with the fiscal year ending March 2021, include sales revenue of ￥910 billion and core operating profit of ￥100 billion. In terms of sales, they are now in fourth place but getting close to their rival Air Products. Their over-40-year history of overseas business since the 1980s has finally reached a turning point.