Jcu Corporation · TSE:4975
Jcu — Q3 FY3/26 Earnings Presentation
29 slides from Jcu's earnings presentation, Feb 5, 2026
Slide 1: Financial Results Briefing Material for the Third Quarter of FY Ending March 2026
Financial Results Briefing Material for the Third Quarter of the Fiscal Year Ending March 2026 JCU CORPORATION TSE Prime (Stock Code: 4975) February 5, 2026 Financial Results Briefing Material for 3Q FY3/26 1
Slide 2: Summary of Consolidated Financial Results for 3Q FY3/26
Summary of Consolidated Financial Results for 3Q FY3/26 Accounting Period of 3Q FY3/26 JCU (non-consolidated): April 1 to December 31, 2025 Overseas subsidiaries: January 1 to September 30, 2025 ◼ China: Demand for PWBs and semiconductor package substrates for high-performance electronic devices suc
Slide 3: Summary of Financial Results for 3Q FY3/26
Summary of Financial Results for 3Q FY3/26 (Millions of yen) Same period of YoY previous FY 3Q FY3/26 % Change (3Q FY3/25) Net sales 20,732 21,514 3.8% Operating profit 7,636 8,887 16.4% Ordinary profit 7,954 9,003 13.2% Profit attributable to owners of parent 5,487 6,578 19.9% Net income per share
Slide 4: Foreign Exchange Rates
Foreign Exchange Rates Foreign exchange sensitivity (as at the consolidated year): Changes of about 100 million yen in consolidated operating profit with 1% change in major currency rates listed below (Yen) FY3/25 FY3/26 (Initial 1Q 2Q 3Q 4Q forecast) 1Q 2Q 3Q Chinese yuan (CNY) 20.63 21.05 20.97 21
Slide 5: Changes in Consolidated Operating Profit for 3Q FY3/26
Changes in Consolidated Operating Profit for 3Q FY3/26 (Millions of yen) 12,000 ■ Positive factors (YoY change) ■ Negative factors +1,251 10,000 309 (221) 1,601 (45) (175) (218) 8,000 from purchased products Decrease in gross profit Higher sales of chemicals from chemicals Increase in gross profit l
Slide 6: Quarterly Consolidated Financial Results
Quarterly Consolidated Financial Results (Millions of yen) 9,000 3,500 3,106 2,971 2,978 8,000 2,877 2,802 3,000 2,657 2,669 7,000 2,288 2,500 1,995 6,000 2,000 Operating Profit 1,716 Net Sales 5,000 1,379 1,500 4,000 1,000 3,000 500 2,000 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY3/24 FY3/25 FY3/26 Tota
Slide 7: Quarterly Consolidated Financial Results (By Segment)
Quarterly Consolidated Financial Results (By Segment) 8,000 7,648 7,996 7,624 70.0 7,221 7,255 7,037 6,824 6,348 60.0 5,912 6,000 5,639 Net Sales (Millions of yen) 5,225 50.0 Operating Margin (%) 42.8 40.0 39.8 41.3 4,000 39.1 37.7 36.1 37.2 34.7 33.8 30.0 30.4 26.4 20.0 2,000 10.0 0 0.0 1Q 2Q 3Q 4Q
Slide 8: Consolidated Segment Results for 3Q FY3/26
Consolidated Segment Results for 3Q FY3/26 (Millions of yen) 19,505 20,000 20,000 17,812 3Q FY3/25 3Q FY3/26 (Breakdown) 15,000 (Breakdown) 15,000 Plating machines 2,530 Plating machines 1,692 Plasma system 249 Plasma system 240 Solar power related 141 Solar power related 76 10,000 9,321 10,000 7,90
Slide 9: Quarterly Sales of Chemicals in Japan and Overseas
Quarterly Sales of Chemicals in Japan and Overseas (Millions of yen) 6,000 84% 90% 81% 84% 81% 83% 83% 82% 84% 84% 76% 78% 80% 5,000 70% 4,000 60% 50% 3,000 40% 2,000 30% 20% 1,000 10% 0 0% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY3/24 FY3/25 FY3/26 Japan Overseas Overseas Sales Ratio Financial Results Br
Slide 10: Chemicals for POP, Via Filling and Etching Quarterly Sales
Chemicals for POP, Via Filling and Etching｜Quarterly Sales POP: Planting on Plastics, mainly for automotive components Via Filling: Additive for copper planting for PWBs and semiconductor package substrates, mainly for smartphones and PCs (Millions of yen) Etching: Additives for PWBs and semiconduct
Slide 11: Quarterly Sales of Chemicals by Region
Quarterly Sales of Chemicals by Region (Millions of yen) 4,000 3,000 2,000 1,000 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY3/24 FY3/25 FY3/26 日本 Japan 1,009 1,038 1,028 884 962 974 1,005 950 989 1,007 1,008 中国 China 1,591 1,931 2,432 2,569 2,181 2,657 2,895 2,890 2,570 2,845 3,002 台湾 Taiwan 692 691 851 9
Slide 12: Quarterly Sales of Chemicals by Category
Quarterly Sales of Chemicals by Category (Millions of yen) Consolidated YoY 15% QoQ 8% 6,000 5,451 5,034 5,000 4,744 4,696 4,429 4,476 4,195 (Chemicals for Electronic Components) 3,974 Core Products: Via filling 3,799 4,000 PWBs, connectors, surface treatment 3,404 (plating) chemicals for semiconduc
Slide 13: Quarterly Sales of Chemicals by Region: Japan
Quarterly Sales of Chemicals by Region (Millions of yen) Japan 1,000 YoY 8% QoQ 5% 800 680 638 629 627 649 604 584 623 591 574 600 513 400 444 405 400 397 370 369 374 376 361 357 349 200 QoQ 11% YoY 6% 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY3/24 FY3/25 FY3/26 ● Chemicals for Electronic Components ▲ Ch
Slide 14: Quarterly Sales of Chemicals by Region: Overseas
Quarterly Sales of Chemicals by Region (Millions of yen) Overseas 5,000 4,771 4,384 4,114 4,121 3,805 3,848 4,000 3,682 3,390 QoQ 9% 3,207 YoY 16% 3,000 2,766 2,449 2,000 YoY 2% QoQ 10% 1,000 1,010 972 784 854 786 837 813 835 754 827 723 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY3/24 FY3/25 FY3/26 ● Chem
Slide 15: Quarterly Sales of Chemicals by Region: China
Quarterly Sales of Chemicals by Region (Millions of yen) China YoY 3% QoQ 3% 2,800 2,415 2,422 2,488 2,380 2,170 2,156 2,100 1,945 1,804 1,738 1,426 1,400 1,154 YoY 8% QoQ 17% 700 651 585 442 492 445 487 477 510 442 517 411 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY3/24 FY3/25 FY3/26 ● Chemicals for Elec
Slide 16: Quarterly Sales of Chemicals by Region: Taiwan
Quarterly Sales of Chemicals by Region (Millions of yen) Taiwan YoY 38% QoQ 13% 1,400 1,292 1,200 1,141 989 967 1,000 939 929 848 807 835 800 689 689 600 YoY (60)% 400 QoQ 0% 200 3 2 3 5 1 3 5 6 3 2 2 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY3/24 FY3/25 FY3/26 ● Chemicals for Electronic Components ▲ Che
Slide 17: Quarterly Sales of Chemicals by Region: South Korea
Quarterly Sales of Chemicals by Region (Millions of yen) South Korea YoY 13% 700 QoQ 12% 600 556 504 517 485 481 492 497 500 450 431 413 388 400 300 YoY (14)% QoQ (2)% 200 123 113 111 100 101 103 95 88 83 84 82 100 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY3/24 FY3/25 FY3/26 ● Chemicals for Electronic Co
Slide 18: 3Q Progress Rate against FY3/26 Forecasts
3Q Progress Rate against FY3/26 Forecasts (Millions of yen) FY3/26 Progress rate FY3/26 Full year forecasts against full-year 3Q results (Revised February 2026) forecast Net sales 21,514 29,200 73.7% Operating profit 8,887 11,600 76.6% Ordinary profit 9,003 11,800 76.3% Profit attributable to owners
Slide 19: Annual Sales by Business (Incl. Forecast)
Annual Sales by Business (Incl. Forecast) 30,000 29,200 60 28,356 0 27,137 0 2,500 0 24,866 2,608 24,860 4,202 1,400 25,000 35 24,256 0 50 23,120 0 Net Sales (Millions of yen) 22,319 1,307 1,718 3,178 1,709 Operating Margin (%) 4,796 27 21,192 1,435 3,194 9 2,936 1,783 20,000 2,035 40 1,345 1,429 1,
Slide 20: Capital Expenditures, Depreciation and R&D Expenses
Capital Expenditures, Depreciation and R&D Expenses R&D Expenses and Capital Expenditures Depreciation (Millions of yen) R&D/Sales Ratio 9,000 1,400 1,800 10.0% 8,202 研究開発費 R&D Expenses 1,207 1,550 8,000 1,200 1,600 研究開発費比率 R&D/Sales Ratio 7,000 1,400 8.0% 6,359 1,302 1,000 6,000 866 1,200 1,061 1,0
Slide 21: FY3/26 Equity Policy
FY3/26 Equity Policy Dividends per share Interim dividend: 41 yen Plans to increase dividends for (Forecasts) Year-end dividend: 54 yen 16 consecutive fiscal years Year-end Interim Total distribution ratio 75.9% 49.2% 50.3% 46.9% 44.9% 45.4% 44.1% 95 29.7% 24.8% 24.1% 76 66 70 57 +¥4 41 45 48.5 50 3
Slide 22: Efforts in Addressing ESG Challenges
Efforts in Addressing ESG Challenges JCU aims to become a global company that continues to grow in a sustainable fashion by addressing ESG challenges through its business activities. Environment Social Development of environmentally responsible Ratio of female managers (non-consolidated) products 10
Slide 23: Reference
Reference ●Company Profile ●Surface Treatment Technology in Future ●Major Distribution Channels ●Major Products ●Usages of Chemicals and Typical Final Products Financial Results Briefing Material for 3Q FY3/26 23
Slide 24: Company Profile
Company Profile Founded in : December 1957 Established on : April 1, 1968 Capital stock : 1,281 million yen Non-consolidated: 16.0 billion yen / Consolidated: 28.3 billion yen Annual sales : (For the fiscal year ended March 31, 2025) Head office : TIXTOWER UENO 16F, 8-1 Higashiueno 4-chome, Taito-ku
Slide 25: Surface Treatment Technology in Future: Electronic Components
Surface Treatment Technology in Future —Electronic Components— Target Next-generation PKG substrate for AI accelerators, data centers, high-performance electronic devices Hybrid bonding 〇Expected primary application 2.xD/3D package Si substrate Memory Surface treatment technology in future 〇Performa
Slide 26: Surface Treatment Technology in Future: Decoration & Function
Surface Treatment Technology in Future —Decoration & Function— Automotive components (front grilles, door handles, emblems, etc.) Target Faucet parts (showerheads, drain plugs, etc.) Process with a low Processes of decorative plating on plastic environmental impact Surface treatment technology in fu
Slide 27: Major Distribution Channels
Major Distribution Channels Customers (sold-to) Materials (chemicals) Manufacturing/processing/assembly Products (e.g. automobiles) JCU Our overseas Decoration/ • Automobile parts Function CORPORATION subsidiaries manufacturers －Tier 1, Tier 2, etc. • Automobile manufacturers • Specialist plating co
Slide 28: Usages of Chemicals and Typical Final Products
Usages of Chemicals and Typical Final Products Description of term Final products Surface treatment chemicals for decorative and function purposes such as those for providing a Chemicals for function/decoration Automotive parts, faucet parts, construction materials, etc. metal appearance and prevent
Slide 29: Forward-looking statements and contact information
This material contains current plans and forecasts of future performance of JCU CORPORATION. These plans and forecast figures are prepared by the Company based on currently available information. This material does not give any assurance or guarantee of the Company’s future financial performance and