Ultrafabrics Holdings Co.,ltd. · TSE:4235
Ultrafabrics Holdings Co.,ltd — H1 2026 Earnings Presentation
20 slides from Ultrafabrics Holdings Co.,ltd's earnings presentation, Aug 14, 2026
Slide 1: 1H FY2026 Financial Results
1H FY2026 Financial Results 4235 Ultrafabrics Holdings Co., Ltd. 0
Slide 2: INDEX
INDEX 1H FY2026 Financial Results P2 Growth Potential of Aviation Sector P11 Full-Year Outlook for FY2026 P16 1
Slide 3: 1H FY2026 Financial Results
1H FY2026 Financial Results 2
Slide 4: 1H FY2026 External Environment
1H FY2026 External Environment U.S. attack on Iran • Due to the explosion of oil-related facilities and the closure of the Strait of Hormuz, crude oil and petrochemical prices have surged. Continued Yen depreciation • Japan's worsening trade balance, which is highly dependent on energy in the Middle
Slide 5: 1H FY2026 External Environment - Rising Raw Material Prices
1H FY2026 External Environment - Rising Raw Material Prices Since many of the raw materials for our products Naphtha Price Trends are derived from naphtha, concerns over raw Yen/Kl material shortages and frequent price increase 140,000 requests from suppliers emerged from April to May. 120,000 While
Slide 6: Consolidated Sales by Application
Consolidated Sales by Application Driven by Aviation and Furniture, the decline in Automotive was offset, and compared to the same period last year, the Company remained almost flat on a dollar basis. Compared to initial forecasts, Yen-based figures were as expected, but dollar-based figures fell sh
Slide 7: Consolidated Income Statement
Consolidated Income Statement Mil JPY FY2025 1st Half FY2026 1st Half Actual Budget Actual vs 2024 vs Budget Sales 10,092 10,900 10,919 108.2% 100.2% Gross Profit 4,544 - 4,787 105.4% - SG&A 3,880 - 4,148 106.9% - Operating Profit 664 700 640 96.4% 91.4% Net Income Before Tax 390 300 311 79.7% 103.7
Slide 8: Consolidated Income Statement
Consolidated Income Statement YoY Variance Item Cause (Mil JPY) • The average rate during the period was depreciated by 9.6 yen year-on-year • Price increases and surcharges: equivalent to additional tariffs Increased in Sales ＋827 • Product mix improvement: Aviation grew by 16.8% • Sales volume dow
Slide 9: Consolidated Income Statement
Consolidated Income Statement Although the yen depreciation had a positive effect, Operating Profit slightly declined due to Inventory and Inventory Turnover Trends the improvement of inventory efficiency: (End of 2025=100) • Yen depreciation effect: Approximately 80 million yen/year impact on opera
Slide 10: Consolidated Balance Sheet & Statement of Cash Flows
Consolidated Balance Sheet & Statement of Cash Flows Mil JPY End of FY2025 End of FY2026 1st Half Actual % Actual % Gap Current Assets Total 11,141 29.0% 11,740 30.1% +599 Cash & Cash Equivalent 2,257 5.9% 3,159 8.1% +903 Account Receivable 3,368 8.8% 3,476 8.9% +108 Inventories 4,987 13.0% 4,568 11
Slide 11: Consolidated Balance Sheet & Statement of Cash Flows
Consolidated Balance Sheet & Statement of Cash Flows CF and Cash Balance • Operating CF: ➢ Pre-tax profit was nearly the same, but due to depreciation at the Chiyoda Plant and reduction of Working Capital, it increased by JPY 333 million YoY to 1,704 million. • Investment CF: ➢ Investment in the Res
Slide 12: Growth Potential of Aviation Sector
Growth Potential of Aviation Sector 11
Slide 13: Trends in Aviation Sales
Trends in Aviation Sales Group Sales driven by Commercial Aircraft Division • The business jet market is a mature market, and since we hold a high market share, sales have remained almost flat. • For commercial aviation, the increase in customer numbers drove sales to nearly five times the scale com
Slide 14: Aviation Market Environment
Aviation Market Environment The interior materials market is growing moderately due to increasing global passenger demand. • Growth rate of RPK (Revenue Passenger Kilometers) as follows, the long-term growth rates are also expected to be +3-4%: 2024 Results +10.4％ 2025 Results +5.3％ 2026 Forecast +4
Slide 15: Our Strengths in Aviation Market
Our Strengths in Aviation Market Durability • Compared to fabric, it is more durable and can wipe away dirt, so it has a longer service life. Lightweight • Weight is 1/2 to 2/3 that of genuine leather or Focusing on comfort PVC, contributing to reduced fuel consumption and CO2 emissions. Cleanabilit
Slide 16: Growth Potential
Growth Potential Market share has room for expansion Beyond North America is the key to growth • Our market share is estimated at 12-15%. • Compared to the overall market, our sales are There is significant room for market share heavily concentrated in North America. expansion from synthetic leather
Slide 17: Full-Year Outlook for FY2026
Full-Year Outlook for FY2026 16
Slide 18: Full-Year Outlook for FY2026
Full-Year Outlook for FY2026 Mil JPY FY2025 FY2026 Actual Budget vs FY2025 Sales 20,553 21,600 105.1% Gross Profit 9,328 9,300 99.7% Operating Profit 1,621 1,600 98.7% Net Income Before Tax 1,173 800 68.2% Net Income 786 500 63.6% EBITDA 3,507 3,400 96.9% Gross Margin 45.4% 43.1% -2.3pt Operating Ma
Slide 19: Full-Year Outlook for FY2026
Full-Year Outlook for FY2026 Full-year outlook unchanged from the initial forecast Exchange rate assumption: revised from the initial forecast of JPY 150/$ to JPY 158.2/$ in 1H and JPY 155/$ in 2H Sales revenue: Underperformance expected in Furniture and Others on a dollar basis, but no change from
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