Resonac Holdings Corporation · TSE:4004
Resonac — Q3 2026 Earnings Presentation
29 slides from Resonac's earnings presentation, Nov 11, 2026
Slide 1: Consolidated Financial Results Third Quarter, 2026
Consolidated Financial Results Third Quarter, 2026 Director & Managing Corporate Officer Hideki Somemiya, CFO Nov. 11, 2026
Slide 2: Key Takeaways
Key Takeaways Revenue and core operating profit of the Semiconductor and Electronic Materials 01 segment reached a record high on a quarterly basis Core operating profit increased significantly compared to 2025 1-3Q (2.4x YoY) 02 - Driven primarily by strong profit growth in the Semiconductor and El
Slide 3: Table of Contents
Table of Contents 1. 2026 1-3Q Consolidated Financial Results 2. 2026 Performance Forecast ©Resonac Holdings Corporation All Rights Reserved. 3
Slide 4: Highlights
Highlights • Revenue increased despite the impact of business transfers • Core operating profit increased significantly, driven by strong performance in Semiconductor and Electronic Materials and a reduction in losses from the graphite electrode business 2026 1-3Q vs. 2025 1-3Q (Unit: Billions of Ye
Slide 5: Consolidated Financial Summary (2025 1-3Q vs. 2026 1-3Q)
Consolidated Financial Summary (2025 1-3Q vs. 2026 1-3Q) • Core operating profit and profit attributable to owners of the parent increased significantly • The partial spin-off of Crasus Chemical has been completed; booked one-off losses in profit from discontinued operations IFRS (Unit: Billions of
Slide 6: Breakdown of Core Operating Profit Changes (2025 1-3Q vs. 2026 1-3Q)
Breakdown of Core Operating Profit Changes (2025 1-3Q vs. 2026 1-3Q) • Sales volume growth in Semiconductor and Electronic Materials drove core operating profit growth • Variable/Fixed cost had a negative impact due to the increase in material prices (Unit: Billions of Yen) 200.0 25.1 33.8 164.1 150
Slide 7: Revenue, Core Operating Profit and EBITDA margin: Segment Breakdown (Results)
Revenue, Core Operating Profit and EBITDA margin: Segment Breakdown (Results) (Unit: Billions of Yen) 2026 Segment 1Q 2Q 3Q Revenue 134.7 164.3 201.8 Semiconductor and Core operating profit 34.0 47.5 77.1 Electronic Materials EBITDA margin 34.0% 36.2% 44.3% Revenue 47.3 37.3 37.1 Mobility Core opera
Slide 8: Segment Breakdown (2025 1-3Q vs. 2026 1-3Q)
Segment Breakdown (2025 1-3Q vs. 2026 1-3Q) • Semiconductor and Electronic Materials segment achieved a significant increase in revenue, with core operating profit more than doubling • Chemicals segment returned to profitability due to higher sales volumes in the Graphite subsegment and the realizat
Slide 9: Semiconductor and Electronic Materials
Segment Summary (2025 1-3Q vs. 2026 1-3Q) Semiconductor and Electronic Materials • Overall semiconductor demand is growing, although growth varies by device and application • Both revenue and core operating profit increased significantly due to higher volume growth in Back-end Semiconductor Material
Slide 10: Mobility, Innovation Enabling Materials
Segment Summary (2025 1-3Q vs. 2026 1-3Q) Mobility, Innovation Enabling Materials Mobility (Unit: Billions of Yen) 2025 1-3Q 2026 1-3Q Increase/Decrease Segment Overview Revenue 132.1 121.7 (10.4) (8%) Revenue decreased due to the impact of the transfer of the automotive molded parts business Core o
Slide 11: Chemicals
Segment Summary (2025 1-3Q vs. 2026 1-3Q) Chemicals • Revenue increased mainly due to a recovery in sales volumes of Graphite subsegment • Core operating profit turned positive due to the realization of structural reform effects Chemicals (Unit: Billions of Yen) 2025 1-3Q 2026 1-3Q Increase/Decrease
Slide 12: Non-recurring Items/Financial Income/Costs, Equity in Earnings
Non-recurring Items/Financial Income/Costs, Equity in Earnings • Non-recurring items improved due to a decrease in impairment losses, despite a one-off expense associated with the revision of the retirement benefit plan Non-recurring Items (Unit: Billions of Yen) Financial Income/Costs, Equity in Ea
Slide 13: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position • Assets and liabilities were transferred to those classified as held for distribution to owners in connection with the partial spin-off of Crasus Chemical • Retained earnings also increased due to strong business performance, resulting in increased equit
Slide 14: Table of Contents
Table of Contents 1. 2026 1-3Q Consolidated Financial Results 2. 2026 Performance Forecast ©Resonac Holdings Corporation All Rights Reserved. 14
Slide 15: 2026 Consolidated Forecast
2026 Consolidated Forecast • Forecast revised upward, driven by strong performance in Semiconductor and Electronic Materials • Factoring in non-recurring items related to strategic options for the graphite electrode business (Unit: Billions of Yen) 2026 Forecast Increase/Decrease Highlights (not exh
Slide 16: 2026 Forecast: Segment Breakdown
2026 Forecast: Segment Breakdown Significant upward revision, led by AI-related materials in Semiconductor and Electronic Materials (Unit: Billions of Yen) Full-year 2026 Segment Previous Current Increase/ Forecast*1 Forecast*2 Decrease Revenue 668.0 735.0 67.0 Semiconductor and Core operating profi
Slide 17: 2026 Revenue, Core Operating Profit and EBITDA margin: Segment Breakdown (Forecast)
2026 Revenue, Core Operating Profit and EBITDA margin: Segment Breakdown (Forecast) (Unit: Billions of Yen) 2026 Current Forecast* Segment 1Q 2Q 1H 3Q 4Q 2H Full-year Results Results Results Results Forecast Forecast Forecast Revenue 134.7 164.3 299.0 201.8 234.3 436.0 735.0 Semiconductor and Core o
Slide 18: 2026 Consolidated Forecast: Financial indicators
2026 Consolidated Forecast: Financial indicators Consolidated P/L: 1H/2H (Unit: Billions of Yen) Profitability indicators (Full-year 2026) (Unit: Billions of Yen) 1H 2H Full-year Previous Current Increase/ Results Forecast Forecast Forecast*1 Forecast*2 Decrease EBITDA*3 284.5 338.4 54.0 Revenue 546
Slide 19: Appendix
Appendix ©Resonac Holdings Corporation All Rights Reserved.
Slide 20: Subsidiaries and Associates, Key variables
Reference Subsidiaries and Associates, Key variables Subsidiaries and Associates Subsidiaries: 94 (-7 from Dec. 31, 2025) -3: Related to the transfer of the automotive molded parts business -2: Related to the liquidation of foreign subsidiaries -2: Related to the merger of domestic subsidiaries Asso
Slide 21: Capital Expenditures: Segment Breakdown
Reference Capital Expenditures: Segment Breakdown (Unit: Billions of Yen) 2025 2026 Increase/ Segment 1-3Q 1-3Q Decrease Semiconductor and Electronic Materials 53.6 39.9 (13.7) Mobility 7.2 7.3 0.1 Innovation Enabling Materials 3.8 3.7 (0.0) Chemicals 13.4 10.2 (3.2) Others/Adjustments 8.5 6.7 (1.7)
Slide 22: Depreciation: Segment Breakdown
Reference Depreciation: Segment Breakdown (Unit: Billions of Yen) 2025 2026 Increase/ Segment 1-3Q 1-3Q Decrease Depreciation and amortization (excl. PPA) 23.0 26.7 3.7 Semiconductor and PPA amortization 9.3 9.3 - Electronic Materials Total depreciation and amortization 32.3 36.0 3.7 Depreciation an
Slide 23: Summary (2026 2Q vs. 2026 3Q)
Reference Summary (2026 2Q vs. 2026 3Q) (Unit: Billions of Yen) Increase/ 2026 2Q 2026 3Q Decrease Revenue 290.6 325.1 34.4 Core operating profit 50.8 79.2 28.5 Non-recurring items (3.3) (1.2) 2.1 Operating profit (IFRS) 47.5 78.0 30.5 Financial income/costs (2.7) (5.5) (2.9) Equity in earnings 1.8
Slide 24: 2025 Revenue, Core Operating Profit and EBITDA margin: Segment Breakdown
Reference 2025 Revenue, Core Operating Profit and EBITDA margin: Segment Breakdown (Unit: Billions of Yen) 2025 Segment 1Q 2Q 3Q 4Q Full-year Revenue 111.2 119.5 135.0 140.7 506.3 Semiconductor and Core operating profit 19.6 22.9 31.5 34.4 108.4 Electronic Materials EBITDA margin 27.1% 28.3% 31.3% 3
Slide 25: Supplementary Information on Discontinued Operations
Reference Supplementary Information on Discontinued Operations • Under IFRS, when the disposal of a separate major line of business is approved, it is classified as a discontinued operation; its results are presented separately from continuing operations. Crasus Chemical segment is classified as a d
Slide 26: Consolidation of Crasus Chemical segment
Reference Consolidation of Crasus Chemical segment From 2026 3Q Financial Results, consolidated in Profit from discontinued operation retrospectively from the beginning of the fiscal year 1Q 2Q 3Q 4Q Included in Profit from Included in Profit from Included in Profit from Included in Profit from 2025
Slide 27: Main Products
Reference Main Products Segment Main Products Front-end Semiconductor Materials: High-purity gases for electronic materials, CMP slurry Back-end Semiconductor Materials: Semiconductor and Epoxy molding compounds, Die bonding materials(DAF, NCF), Copper clad laminates, Electronic Materials Photosensi
Slide 28: Topics
Reference Topics Segment Topics Semiconductor and Resonac Successfully Develops 300 mm SiC Single-Crystal Substrates for Next-Generation Electronics Electronic Materials Innovation Enabling Notice Concerning Transfer of Adhesives Businesses of Resonac Corporation (Japan) and Its Materials Consolidat
Slide 29: Note
Note Performance forecast and other statements pertaining to the future as contained in this presentation are based on the information available as of today and assumptions as of today regarding risk factors that could affect our future performance. Actual results may differ materially from the fore