Asahi Yukizai Corporation · TSE:4216
Asahi Yukizai — FY2024 Earnings Presentation
39 slides from Asahi Yukizai's earnings presentation, May 27, 2025
Slide 1: Presentation of the Financial Results for the Fiscal Year Ending March 31, 2025
Presentation of the Financial Results for the Fiscal Year Ending March 31, 2025 May 27, 2025 Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 2: Contents
Contents 1 Business Overview 4 Forecast for FY2025 • Forecast of Company-wide Results 2 Summary • Forecast of Results by Segment • Summary • Valve & Piping Systems Divisions in FY2025 • Financial results in the past and forecasts for FY2025 • Resin Divisions in FY2025 • Financial results from FY2015
Slide 3: Business Overview
Business Overview Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 4: Asahi Yukizai Group's Three Business Segments
Business Overview Asahi Yukizai Group's Three Business Segments Water Treatment & Natural Valve & Piping Systems Divisions Resources Development Divisions Net sales: 52.3 billion yen Net sales: 9.8 billion yen Operating profit: 9.1 billion yen Operating profit: 0.8 billion yen 12% FY2024 Sales 27% 8
Slide 5: Summary
Summary Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 6: Summary
Summary FY2024 results Sales: 85.2 billion yen Operating profit: 11.1 billion yen Net income: 7.6 billion yen FY2025 performance forecast Sales: 85.0 billion yen Operating profit: 9.0 billion yen Factors causing this: Profits may become temporarily unattractive, due to the significant increase in fi
Slide 7: Financial results in the past and forecasts for FY2025
Financial results in the past and forecasts for FY2025 While special demand from the U.S. and China eased in FY2024, operating profit remained on track with the targets outlined in the Mid-Term Management Plan. In FY2025, profit is projected to decline, primarily due to strategic investments for fut
Slide 8: Financial results from FY2015 through FY2025
Financial results from FY2015 through FY2025 Average (FY2015-FY2020) Average (FY2021-FY2025) Sales 50.0 billion yen 80.0 billion yen Sales 売上高 Operating Profit 3.2 billion yen 10.9 billion yen Operating Operating profit ratio 6％ 14％ 営業利益 profit 100 CAGR 5.3％ 7.1％ 2 87.4 85.2 85.0 80 77.1 1 64.7 11.9
Slide 9: Trends in EBITDA & Depreciation
Trends in EBITDA＆ Depreciation Sales (billion yen) Operating profit/EBITDA (billion yen) Sales Operating profit EBITDA 100 25 87.4 85.2 85.0 80 77.1 20 17.9 64.7 60 14.1 14.0 15 15.6 12.7 40 8.7 11.9 10 11.1 9.0 20 6.6 5 0 0 FY2021 FY2022 FY023 FY2024 FY2025 (billion yen) Forecast Depreciation expen
Slide 10: Numerical Targets in the Next Mid-term Plan
Numerical Targets in the Next Mid-term Plan Sales (billion yen) Operating profit (billion yen) 220 ◆Up to FY2030: Preparation period for future growth 55 ・Actively invest in equipment and human capital 200.0 200 ・Business expansion including inorganic growth 50 ・Evolution of the business portfolio 1
Slide 11: Financial Results for FY2024
Financial Results for FY2024 Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 12: Company-wide Results
Company-wide Results Although special demand from the U.S. and China subsided in fiscal 2024, profit decreased due to an increase in fixed costs. FY2023 FY2024 Amount of change (Amount: billion yen) 1H 2H Full-year 1H 2H Full-year (Full-year) ROE FY2023 FY2024 Net sales 43.8 43.6 87.4 41.7 43.4 85.2
Slide 13: Results by Segment
Results by Segment Amount of FY2023 FY2024 (Amount: billion yen) change Net sales 57.5 52.3 - 5.2 Valve & Piping Systems Divisions Operating profit 13.7 9.1 - 4.6 Decrease in sales and profit Operating profit ratio 23.8% 17.3% - 6.5% Net sales 22.3 23.0 +0.8 Resin Divisions Increase in sales and Ope
Slide 14: Valve and Piping Systems Divisions for Full-year
Valve and Piping Systems Divisions for Full-year Valves, pipes, Showing a steady recovery due to continuous normalization of fittings, etc. inventory level in Japan. The demand for semiconductor manufacturing equipment in Japan and Dymatrix products China recovered and steadily improves. Engineering
Slide 15: Valve & Piping Systems Divisions: Variation Analysis of Net Sales & Operating Profit
Valve & Piping Systems Divisions : Variation Analysis of Net Sales & Operating Profit (Amount: billion yen) Net sales - 5.2 Operating profit - 4.6 Net sales Positive factor Negative factor Operating profit Positive factor Negative factor 57.5 + 1.4 + 0.1 52.3 13.7 - 0.9 - 5.7 - 0.4 9.1 - 1.1 - 3.1 F
Slide 16: Resin Divisions for Full-year
Resin Divisions for Full-year In Japan, the demand for materials for legacy semiconductors recovered and the Electronics materials demand for materials for post-processing relating to generative AI increased. In China, the demand for FPD area is strong. Domestic sales declined as automobile producti
Slide 17: Resin Divisions: Variation Analysis of Net Sales & Operating Profit
Resin Divisions : Variation Analysis of Net Sales & Operating Profit (Amount: billion yen) Net sales +0.8 Operating profit - 0.4 Net sales Positive factor Negative factor Operating profit Positive factor Negative factor + 1.1 +0.3 23.0 22.3 - 0.2 1.5 - 0.5 - 0.1 1.1 - 0.3 - 0.0 FY2023 Electronics Fo
Slide 18: Water Treatment & Natural Resources Development Divisions for Full-year
Water Treatment & Natural Resources Development Divisions for Full-year (Amount: billion yen) Net sales +2.1 Operating profit + 0.3 Net sales Positive factor Negative factor Operating profit Positive factor Negative factor 9.8 0.8 7.7 0.5 FY2023 Water Resources Environmental Maintenance FY2024 FY202
Slide 19: Water Treatment & Natural Resources Development Divisions for Full-year
Water Treatment & Natural Resources Development Divisions for Full-year Net sales(billion yen) Operating profit(billion yen) 10 1.0 8 0.8 6 0.6 4 0.4 2 0.2 0 0.0 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 Net sales 5.1 6.9 7.3 6.3 7.2 6.8 8.4 8.0 7.7 9.8 Operating profit 0
Slide 20: Capital Investment, Depreciation, and Overseas Sales
Capital Investment, Depreciation, and Overseas Sales Capital investment and depreciation Overseas sales *Capital investment is based on capitalized assets. Net sales(billion yen) 40 (billion yen) 30 6 20 5 10 4 0 FY2020 FY2021 FY2022 FY2023 FY2024 Resin Divisions 2.9 4.5 5.4 5.8 6.4 Valve & Piping 9
Slide 21: Financial Statements
Financial Statements (billion yen) As of March As of March P/L FY2023 FY2024 B/S 31, 2024 31, 2025 Net sales 87.4 85.2 Total assets 101.4 105.8 Cost of sales 51.8 52.2 Current assets 66.7 69.6 Gross profit 35.7 32.9 Inventories 22.3 21.5 Selling and general Non-current assets 34.7 36.2 administrativ
Slide 22: Forecast for FY2025
Forecast for FY2025 Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 23: Forecast of Company-wide Results
Forecast of Company-wide Results Profit declined due to an increase in fixed costs associated with expansion initiatives and investment in human capital. FY2024 FY2025 forecast Amount of change (Amount: billion yen) 1H 2H Full-year 1H 2H Full-year (Full-year) ROE FY2024 FY2025 Net sales 41.7 43.4 85
Slide 24: Forecast of Results by Segment
Forecast of Results by Segment FY2024 FY2025 Amount of (Amount: billion yen) forecast change Net sales 52.3 52.2 - 0.1 Valve & Piping Systems Divisions Operating profit 9.1 7.8 - 1.2 Decrease in sales and profit Operating profit ratio 17.3% 15.0% - 2.3% Net sales 23.0 23.8 +0.8 Resin Divisions Incre
Slide 25: Valve & Piping Systems Divisions in FY2025
Valve & Piping Systems Divisions in FY2025 Business environment Semiconductor- Intention of investing for construction of semiconductor plants is expected to related businesses remain strong. (Valves, pipes, etc., Growth is expected, supported by the increasing production of AI-related Dymatrix prod
Slide 26: Resin Divisions in FY2025
Resin Divisions in FY2025 Semiconductor-related The markets are on a recovery and expanding trends centered at business semiconductors for use in the AI. environment (Electronic materials) Business Automobile production While domestic sales may remain flat, expansion is expected in India and (Foundr
Slide 27: Water Treatment & Natural Resources Development Divisions in FY2025
Water Treatment & Natural Resources Development Divisions in FY2025 Demand for capital investment to cover water and sewage services, Water treatment industrial wastewater, etc. is expected to be the same level as preceding environment year. Business With regard to the geothermal field, although the
Slide 28: Advance Release of the New Mid-term Business Plan Overview
Advance Release of the New Mid-term Business Plan Overview Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 29: Outline of the New Mid-term Business Plan
Outline of the New Mid-term Business Plan Prior to the scheduled announcement of the key points in November 2025, we have disclosed on our website an overview of the vision, business policies, and numerical targets of the New Mid-term Business Plan, which is currently under formulation. *The New Mid
Slide 30: Outline of the New Mid-term Business Plan
Outline of the New Mid-term Business Plan ◆Strategies ・Growth Investments Business expansion and portfolio evolution strategies encompassing new plant construction, new product development, operational efficiency improvements through digital transformation, investment in human capital, and inorganic
Slide 31: Dividends
Dividends Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 32: Dividends
Dividends Interim dividend: 60 yen per share; Year-end dividend: 60 yen per share (forecast) Year-end dividend per share (yen) 120 Interim dividend per share (yen) 110 100 60 70 55 50 60 45 50 50 50 40 30 35 25 25 25 25 60 55 15 50 25 25 25 25 30 15 20 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY202
Slide 33: Change in the Shareholder Return Policy
Change in the Shareholder Return Policy Aiming at further return to the shareholders, we have changed our policy for returning profits to shareholders. ◆Details of the revised shareholder return policy: As we recognize the distribution of profits to the shareholders as one of the most important matt
Slide 34: Topics
Topics Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 35: Electronic Material Division: Construction of a Second Plant Determined in China
The Electronic Material Division: Construction of a Second Plant Determined in China Nantong Second Electrical Materials Plant in China (total investment of approximately RMB300 million) September 2024: Investment agreement signed with NETDA (Nantong Economic and Technological Development Area) Se
Slide 36: Reinforcement of Corporate Governance: Introduction of the CxO system
Reinforcement of Corporate Governance Introduction of the “CxO” system Purpose: To reinforce the growth strategy promotion system and to reinforce corporate governance. Kazuya Nakano, Sueyoshi Suetome, Hideo Hikami, President & CEO Executive Vice President Primary Executive Officer & COO & CFO A
Slide 37: Reinforcement of Corporate Governance: Majority Outside Directors and Higher Female Director Ratio
Reinforcement of Corporate Governance : Majority Outside Directors and Higher Female Director Ratio Ms. Atsuko Yoshimura Mr. Minoru Fukui (Candidate for Director who is not Audit and (Director who is Audit and Supervisory Committee Supervisory Committee Member) Member) We expect that she will of
Slide 38: Valve & Piping Systems Divisions: Joint Development of PFAS-Free Valves
The Valve & Piping Systems Divisions : Joint Development of PFAS-Free Valves Started demonstrative experiment jointly with Kurita Water Industries Ltd. In Spring 2025 Consideration of comprehensive PFAS Background regulations, primarily in Europe and the U.S. *The regulation is not applied to the
Slide 39: Notes
Notes Forecasts and prospects in this document are based on information available at the time the document was prepared. It does not assure or guarantee the realization of future planned figures or measures. *This document has been translated from the Japanese original for reference purposes only. I