Slide 1: FY2024 Consolidated Financial Results
Notice： This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. RASA INDUSTRIES,LTD. FY 2024 (Year ended March 31,2025) Consolidated Fin
Slide 2: Contents
Contents 1. Business overview 2. FY 2024 (Apr.-Mar.) Financial Results and Forecast for FY2025 3. Medium-Term Management Plan 2026 Progress Update 1
Slide 3: 1. Business overview
1. Business overview 2
Slide 4: Business overview
Business overview Company Profile Manufacturing structure of high-purity phosphoric acid for semiconductors Company Name Rasa industries, Ltd. Head Office 1-18-13, Soto-Kanda, Chiyoda-ku, Tokyo 101-0021,Japan Founded May 1,1913 Established June 26,1918 Employees 628（consolidated）＜As of March 31,2025
Slide 5: 2. FY2024 Financial Results and Forecast for FY2025
2. FY 2024 (Apr.-Mar.) Financial Results and Forecast for FY2025 4
Slide 6: FY2024 (Apr.-Mar.) Financial Summary
FY 2024 (Apr.-Mar.) Financial Summary ◼ Net sales increased year-on-year in Chemicals business mainly due to the recovery of the semiconductor- related market, etc. Net sales decreased in Machinery and Electronic Materials. ◼ Operating profit increased 31.9% Year-on-Year, mainly due to an increase i
Slide 7: Changes in Fiscal Year Performance
Changes in Fiscal Year Performance Changes in Net sales and Operating profit Net sales Net sales（LHS） Operating profit（RHS） Operating profit （Millions of yen） （Millions of yen） 49,600 49,200 50,000 8,000 45,421 42,788 40,000 35,411 6,000 30,999 5,100 29,759 28,978 4,736 30,000 4,622 3,591 4,000 3,47
Slide 8: Changes in Quarterly Performance
Changes in Quarterly Performance Changes in Net sales and Operating profit Net sales Operating profit （Millions of yen） Net sales（LHS） Operating profit（RHS） Chemicals profit（RHS） （Millions of yen） 13,095 12,829 12,110 12,438 12,500 12,033 11,566 11,538 2,500 11,215 10,380 10,633 10,260 9,709 10,000
Slide 9: Business Segment Overview (Net sales)
FY 2024 (Apr.-Mar.) Business Segment Overview（Net sales） Changes in Net sales （Millions of yen） （Millions of yen） FY 2023 FY 2024 50,000 Change Change Rate 1,112 (Apr.-Mar.) (Apr.-Mar.) 1,830 4,739 1,186 1,574 1,177 1,635 Others Chemicals 34,391 38,168 3,777 11.0％ 40,000 4,491 5,584 Electronic Machi
Slide 10: Business Segment Overview (Operating profit)
FY 2024 (Apr.-Mar.) Business Segment Overview（Operating profit） Changes in Operating profit （Millions of yen） （Millions of yen） 6,000 FY 2023 FY 2024 681 764 Change Change Rate (Apr.-Mar.) (Apr.-Mar.) 5,000 244 565 119 Chemicals 3,028 4,840 1,812 59.9％ Others 510 760 4,000 Machinery 579 119 (459) (7
Slide 11: Chemicals
Chemicals ◼ Phosphorus products: sales of general products decreased due to lower sales volume, but sales of high-purity products for semiconductors were strong and sales were driven higher by larger sales volume. ◼ Flocculant products: sales increased due to higher sales volumes for both water supp
Slide 12: Chemicals (Quarterly)
Chemicals（Quarterly） Changes in Net sales and Segment income Net sales Segment income Net sales Segment income （Millions of yen） （Millions of yen） 2,500 12,000 10,911 10,935 10,499 9,987 9,942 9,573 9,538 9,263 10,000 2,000 8,789 8,975 7,929 8,133 8,000 1,417 1,500 1,366 1,329 6,000 1,062 1,046 1,02
Slide 13: Machinery
Machinery ◼ Construction machinery: sales of construction machinery units increased, but plant sales fell sharply recoiling from the previous year when there were sales of large-scale projects. Sales of precision machining increased. ◼ Civil engineering machinery: sales of pipe jacking machines for
Slide 14: Machinery (Quarterly)
Machinery（Quarterly） Changes in Net sales and Segment income Net sales Net sales Segment income Segment income （Millions of yen） （Millions of income） 2,012 2,000 1,500 1,652 1,500 1420 1,000 1,362 1,357 1,249 1,122 1,024 895 943 1,000 898 878 500 297 212 252 172 139 79 79 89 63 20 34 500 0 (330) 0 (
Slide 15: Electronic Materials
Electronic Materials ◼ High-purity inorganic materials for compound semiconductors: sales of boron trioxide and indium increased due to the recovery of the semiconductor market, but sales of gallium decreased. ◼ Operating profit fell 33.6% due to the decrease in sales. Changes in Net sales and Segme
Slide 16: Electronic Materials (Quarterly)
Electronic Materials （Quarterly） Changes in Net sales and Segment income Net sales Segment income Net sales Segment income （Millions of yen） （Millions of yen） 750 500 636 600 536 400 484 458 421 385 405 450 389 390 274 300 325 300 307 300 165 200 151 144 120 129 150 69 100 53 61 47 0 0 (9) (29) 1Q 2
Slide 17: Consolidated statements of income
Consolidated statements of income （Millions of yen） FY 2023 FY 2024 Change Change Rate (Apr.-Mar.) (Apr.-Mar.) Net sales 42,788 45,421 2,632 6.2％ Cost of sales 34,531 35,788 1,257 3.6％ Selling, general and 4,666 4,896 230 4.9％ administrative expenses Operating profit 3,591 4,736 1,144 31.9％ Non-oper
Slide 18: Consolidated balance sheets
Consolidated balance sheets （Millions of yen） As of Mar. 31, 2024 As of Mar. 31, 2025 Change Current assets 22,497 23,581 1,083 Cash and deposits 3,405 5,054 1,649 Accounts receivable ※ 12,232 11,665 (566) Inventory ※ 6,477 6,518 40 Non-current assets 21,826 22,257 430 Property, plant and equipment
Slide 19: Consolidated statements of cash flows
Consolidated statements of cash flows （Millions of yen） FY 2023 FY 2024 Change (Apr.-Mar.) (Apr.-Mar.) Net cash provided by operating activities 4,972 5,038 66 Profit before income taxes 3,457 4,609 1,152 Depreciation 1,868 1,794 (73) Decrease(increase) in trade receivables (802) 655 1,457 Decrease(
Slide 20: Forecast for FY2025
Forecast for FY 2025 ◼ Chemicals: increased sales and profits are forecast, as the semiconductor market is expected to continue to recover. ◼ Machinery: sales and rentals of pipe jacking machines for sewerage are expected to recover, but sales of crushing-related machines and plant sales are expecte
Slide 21: Policies for Shareholder Returns
Policies for Shareholder Returns ◼ Our policy is to make decisions after a comprehensive evaluation of the need to maintain a balance between emphasizing shareholder returns and retaining internal reserves as a source of capital for financial structure improvements based on performance trends, futur
Slide 22: Changes in Capital investment, Depreciation and R&D costs
Changes in Capital investment , Depreciation and R＆D costs ◼ Capital investments: in Chemicals, we will continue to expand manufacturing facilities for high-purity phosphoric acid for semiconductors at our Taiwanese subsidiary, as in the previous fiscal year (investment amount: approx. 3 billion yen
Slide 23: 3. Medium-Term Management Plan 2026 Progress Update
3. Medium-Term Management Plan 2026 Progress Update 22
Slide 24: Basic Policies of the Rasa Vision 2033
Basic Policies of the Rasa Vision 2033 Increase corporate value and pursue Realize a sustainable future sustainable growth 1 Optimize our business portfolio 4 Respond to climate change and build a ⚫ Strengthen the profitability of core businesses circular society and expand growth businesses ⚫ Reduc
Slide 25: Rasa Vision 2033 ESG Targets
Rasa Vision 2033 ESG Targets [Materiality] [Initiatives] [Metrics and targets] [Relevant SDGs] Reduction of greenhouse gases Reduce CO2 emissions (Scope 1, 2): Addressing 30% by 2033 Climate Change Conserve biodiversity: Appropriate management Forest conservation of decommissioned mines Environment
Slide 26: Rasa Vision 2033 Numerical Targets and Positioning of Plan 2026
Rasa Vision 2033 Numerical Targets and the Positioning of the Medium-Term Management Plan 2026 Period to plant seeds towards realizing Rasa Vision2033 Towards Present 10 years later a new future 120th Anniversary Phase III Phase II Rasa Vision Phase I Backcasting FY2030 to FY2032 2033 (Millions of y
Slide 27: Medium-Term Management Plan 2026 Overview
Medium-Term Management Plan 2026 Overview Plan name / Medium-Term Management Plan 2026 Period FY2024 to FY2026 (3 years) Aim to strengthen the foundation for increasing corporate value Basic policy by promoting management resource optimization and enhancing profitability ◼ Consolidated net sales ◼ R
Slide 28: Medium-Term Management Plan 2026 Policies
Medium-Term Management Plan 2026 Policies 1 Build structure for optimizing management resources 4 Respond to climate change and build a circular society ✓ Strengthen the profitability of core businesses ✓ Reduce greenhouse gas emissions and expand growth businesses ✓ Transition to renewable energy ✓
Slide 29: Medium-Term Management Plan 2026 Numerical Targets 1/2
Medium-Term Management Plan 2026 Numerical Targets 1/2 20% ROE ROIC Medium-Term 14.9％ Management Plan 2026 15% 11.9％ 11.2％ 9.9％ 10％ or higher 10％ or higher 10% 9％ or higher 10％ or higher 10.3％ 10.2％ 10.4％ 5% 7.8％ Net sales 80,000 Operating profit (Millions of yen) Net sales Operating profit (Million
Slide 30: Medium-Term Management Plan 2026 Numerical Targets 2/2
Medium-Term Management Plan 2026 Numerical Targets 2/2 (Millions of yen) FY2024 FY2025 FY2026 Rate of change FY2023 3-yr change (%) Results Forecast Plan Net sales 42,788 45,421 49,200 52,000 9,212 22% Chemicals 34,391 38,168 42,000 42,400 8,009 23% Machinery 5,584 4,491 4,500 6,000 416 7% Electroni
Slide 31: Measures for Management Conscious of Cost of Capital and Stock Price 1/2
Measures for Achieving Management That is Conscious of Cost of Capital and Stock Price 1/2 Current awareness (bold indicates updates) ■Shareholder cost of capital is calculated using CAPM, and is approximately 6% to 7%. The weighted average cost of capital (WACC) is approximately 4% to 5% based on s
Slide 32: Measures for Management Conscious of Cost of Capital and Stock Price 2/2
Measures for Achieving Management That is Conscious of Cost of Capital and Stock Price 2/2 Initiative policy ■We formulated our long-term vision, “Rasa Vision 2033,” and are advancing our Medium-Term Management Plan 2026, which we position as the period for "planting seeds" (Phase I) to achieve that
Slide 33: Key Measures (1) Chemicals
Key Measures (1) Net sales Medium-Term Management Segment profit Plan 2026 41,918 42,000 42,400 Chemicals 34,391 38,168 4,840 5,100 4,115 4,350 3,028 <Phosphoric acid> FY2022 FY2023 FY2024 FY2025 FY2026 Forecast Plan (Millions of yen) ◼ Strengthen the profitability of core businesses ✓ High-purity p
Slide 34: Key Measures (2) Machinery
Key Measures (2) Net sales Medium-Term Management Segment profit Plan 2026 6,000 Machinery 4,739 5,584 4,491 4,500 650 579 410 400 <Pipe jacking machine> 119 FY2022 FY2023 FY2024 FY2025 FY2026 Forecast Plan (Millions of yen) ◼ Strengthen the profitability of core businesses ✓ Proactive sales activit
Slide 35: Key Measures (3) Electronic Materials
Key Measures (3) Net sales Medium-Term Management Segment profit Plan 2026 2,400 Electronic 1,830 materials 1,635 1,574 1,600 565 368 400 <High purity inorganic materials> 244 200 FY2022 FY2023 FY2024 FY2025 FY2026 Forecast Plan (Millions of yen) ◼ Strengthen the profitability of core businesses ✓ I
Slide 36: Topics 1: Capital Investment in Taiwanese subsidiary
Topics 1: Capital Investment Invested in capacity expansion at our Taiwanese subsidiary Taiwanese consolidated subsidiary Increase production of high-purity Name Rasa Technology Taiwan Ltd. Purpose: phosphoric acid for semiconductors Address No. 1, Wei 2nd Rd., Wuqi Dist., Amount: Approx. 3.0 billio
Slide 37: Topics 2: Electron Beam Welding (EBW)
Topics 2: Electron Beam Welding (EBW) (Machinery: Precision Machinery) Contributing to space industry using EBW technology —Participation in Minna no Rocket Partners — May 2025 Announced participation in Minna no Rocket Partners run by Interstellar Technologies Inc. ⚫ Supporting Interstellar Technol
Slide 38: Topics 3: R&D of Adsorbents of Radioactive Iodine
Topics 3: R&D of “Adsorbents of Radioactive Iodine” Improving radioactive material removal systems using silver zeolite Selected for the Ministry of Economy, Trade and Industry‘s “Subsidy for Nuclear Industry Infrastructure Strengthening Project” in FY2020, which ran for five years until FY2024. Pro
Slide 39: Reference: Sales of semiconductor-related
Reference: Sales of semiconductor-related(Note) Sales ratio of semiconductor-related （millions of yen 、％） Consolidated Net Sales 49.8 49.1 Sales of semiconductor-related 45.3 45.8 45.0 49,600 39.5 45,421 42,788 35,411 29,759 28,978 24,332 22,623 19,598 13,118 15,943 11,751 FY2019 FY2020 FY2021 FY202
Slide 40: Reference: Comparison with World Semiconductor Trade Statistics (WSTS)
Reference: Comparison with World Semiconductor Trade Statistics (WSTS) Our semiconductor business is expanding along with the global semiconductor market World semiconductor market (Millions of US dollars) (*) 5-yr growth rate Net sales for semiconductor-related applications (Millions of yen) +53％ 7
Slide 41: Reference: Supply Structure for High-Purity Phosphoric Acid
Reference: Supply Structure for High-Purity Phosphoric Acid for Semiconductors Top market share globally in high-purity phosphoric acid for semiconductors —In addition to quality, we excel at local production and local sales in Japan, Taiwan and South Korea— Moving toward four-country production sys
Slide 42: Cautionary Statement Concerning this Material
Cautionary Statement Concerning this Material The statements in this material are based on a variety of assumptions, and we ask for your understanding that forward- looking statements regarding future figures and other information are subject to uncertainties. 41