Sekisui Chemical Co., Ltd. · TSE:4204
Sekisui Chemical — FY2024 Earnings Presentation
52 slides from Sekisui Chemical's earnings presentation, Apr 28, 2025
Slide 1: Presentation of Financial Results and the FY2025 Management Plan
SEKISUI CHEMICAL CO., LTD. For FY2024, ended March 31, 2025 Presentation of Financial Results and the FY2025 Management Plan Keita Kato President and CEO April 28, 2025
Slide 2: Main Points of Today's Presentation
Main Points of Today’s Presentation ★：Record high Compared Difference from Compared FY2024 FY2025 with Forecasts with Results Plan (JPY billion) FY2023 (January 2025) FY2024 Net sales ★ 1,297.8 +41.2 -9.9 ★ 1,364.5 +66.7 Operating profit ★ 108.0 +13.6 +1.0 ★ 115.0 +7.0 Ordinary profit ★ 111.0 +5.0 +
Slide 3: Drive 2.0 Progress
Drive 2.0 Progress 1. Investment Plan and Progress Increase in growth investment projects; strategic capital investments projected to exceed budgeted limits set under the Medium-term Plan (JPY billion) Ongoing efforts to search for M&A and other projects focusing on growth areas Operating cash f
Slide 4: Returns to Shareholders
Returns to Shareholders ▌ Continue to actively provide returns to shareholders in FY2025 in line with the medium- term policy; work toward a sixteenth consecutive FY of dividend growth Previous Medium-term Medium-term Returns to Shareholders Track Record (JPY billion) Management Plan Management Plan
Slide 5: FY2024 Results
FY2024 Results FY2023 FY2024 Forex rate 1H 2H 1H 2H In-house ¥153/US$ - Ikusuke Shimizu assumptions ‐ ‐ ¥162/€ Results ¥141/US$ ¥148/US$ ¥153/US$ ¥153/US$ (Avg. rate for each term) ¥153/€ ¥160/€ ¥166/€ ¥162/€ Representative Director * Export data is subject to in-house assumptions regarding foreign
Slide 6: Overview of FY2024 Results
Overview of FY2024 Results ▌ Increase in net sales; third consecutive FY of record-high sales ▌ Increase and record high at each level of profit (operating profit, ordinary profit, and profit attributable to owners of parent); achieved operating profit in excess of ¥100 billion ▌ Each level of profi
Slide 7: FY2024 Results by Segment
FY2024 Results by Segment ▌ Increase in net sales across three segments, excluding the Housing Company; increase in operating profit across all segments; operating profit in excess of forecasts (January 2025) on a Group-wide basis • HPP*: Growth driven by high-performance products in the Electronics
Slide 8: 1H & 2H FY2024 Results by Segment
1H & 2H FY2024 Results by Segment ▌ Achieved an increase in operating profit across all segments in both the 1H and 2H ▌ Substantial increase in operating profit in the HPP and Housing companies as well as the Medical Business in the 2H; continued steady increase in operating profit in the UIEP Comp
Slide 9: FY2024 Results Analysis
FY2024 Results Analysis ▌ Despite weak market conditions both in Japan and overseas, substantial increase in sales volumes and product mix owing to high-performance product sales growth; high raw material prices and increase in fixed costs, including investments in human capital offset by improvemen
Slide 10: FY2025 Plan
FY2025 Plan FY2024 FY2025 Forex rate 1H 2H 1H 2H In-house ¥152/US$ ¥152/US$ assumptions ‐ ‐ ¥159/€ ¥159/€ Results ¥153/US$ ¥153/US$ (Avg. rate for - - each term) ¥166/€ ¥162/€ * Export data is subject to in-house assumptions regarding foreign currency exchange rates. A ¥1 depreciation in the value o
Slide 11: FY2025 Plan: Overview and Returns to Shareholders
FY2025 Plan: Overview and Returns to Shareholders ▌ Planning an increase in net sales, to achieve the operating profit target set under the Medium-term Plan, and increases at each level of profit (operating profit, ordinary profit, and profit attributable to owners of parent) ▌ Planning for record-h
Slide 12: Outlook for Market Conditions
Outlook for Market Conditions Number of Automobiles Manufactured (YoY) Housing・Visitors (YoY) 4Q FY2024: Results slightly above expectations 2H FY2024: Despite an increase in requests for materials via such FY2025: Forecasts at roughly the same level as the previous year media as the WEB, overall re
Slide 13: FY2025 Plan by Segment
FY2025 Plan by Segment ▌ Increases in net sales and operating profit in each segment; plans for record-high operating profit in three segments, excluding the Housing Company ▌ Continue to create new businesses and strengthen the internal control system • HPP: Planning an increase in net sales and re
Slide 14: 1H & 2H FY2025 Plans by Segment
1H & 2H FY2025 Plans by Segment ▌ Planning an increase in net sales and operating profit in the HPP and Housing companies in the 1H; targeting record-high net sales and operating profit across three segments, excluding the Housing Company ▌ Planning an increase in net sales and operating profit on a
Slide 15: FY2025 Plan Analysis
FY2025 Plan Analysis ▌ Forecasting an increase in sales volumes and product mix on the back of continued efforts to focus on high-performance product sales growth ▌ Planning an increase in operating profit by offsetting the increase in fixed costs associated with human capital investments and the la
Slide 16: Drive 2.0 Progress: Numerical Targets
Drive 2.0 Progress: Numerical Targets FY2022 Results Medium-term Plan FY2025 Plan Difference (FY2025 Targets) Net sales ¥1,242.5 bn. ¥1,364.5 bn. ¥1,410.0 bn. -¥45.5 bn. Operating profit (OPM) ¥91.7 bn. (7.4%） ¥115.0 bn. (8.4%) ¥115.0 bn. (8.2%) ¥0.0 (+0.2%） Net profit ¥69.3 bn. ¥82.0 bn. ¥82.0 bn.
Slide 17: Drive 2.0 Progress: Difference from the Medium-term Plan
Drive 2.0 Progress: Difference from the Medium-term Plan ▌ Despite net sales failing to reach targets set under the Medium-term Plan, achieve operating profit target by strengthening profitability (= earning power) ▌ Offset sales volumes and product mix falling below forecasts due to changes in mark
Slide 18: Drive 2.0 Progress: Consolidated Performance
Drive 2.0 Progress: Consolidated Performance ▌ Despite various changes and a downturn in market conditions, continued steady growth to the point of achieving targets set under the Medium-term Plan (JPY billion) EBITDA 119.3 126.7 133.4 137.7 137.3 133.2 116.6 137.6 142.1 147.1 161.7 176.0 175.0 1,41
Slide 19: Impact of U.S. Tariff Measures and Fluctuations in Foreign Currency Exchange Rates
(Reference) Impact of U.S. Tariff Measures and Fluctuations in Foreign Currency Exchange Rates ▌ Despite an uncertain outlook, working to strengthen initiatives aimed at minimizing impacts through self-supporting endeavors Assumptions and Approach Estimation of Risks and Countermeasures Impact of
Slide 20: Financial Results FY2024
Financial Results FY2024 Tatsuya Nishida Managing Executive Officer Head of Corporate Finance & Accounting Department 19
Slide 21: Consolidated Companies
Consolidated Companies Number of Consolidated Companies Mar. 31, 2024 Mar. 31, 2025 Difference Consolidated Increased: 4 Subsidiaries*1 subsidiaries 143 145 Decreased: 2 Subsidiaries*2 Affiliates Increased: 0 Subsidiaries (Equity Method) 6 6 Decreased: 0 Subsidiary *1 Kofu Sekisui Sangyo Co., Ltd.,
Slide 22: Summary of Profit and Loss
Summary of Profit and Loss + FY2023 FY2024 Difference (JPY billion) Net sales 1,256.5 1,297.8 +41.2 Foreign exchange gains: +7.0 Gross profit 392.2 420.6 +28.4 Sekisui Kasei Co., Ltd.: -1.8 Gross profit margin 31.2% 32.4% +1.2% Selling, general and administrative expenses 297.8 312.7 +14.9 Foreign e
Slide 23: Balance Sheets (Assets)
Balance Sheets (Assets) Mar.31 Inventories (B/S item) 2025 Difference Ready-built housing (products) 33.3 -4.7 Prepared land for subdivision Mar. 31, 2024 Mar. 31, 2025 Difference housing 69.2 +1.5 (JPY billion) Land under preparation (work in process) 9.7 -0.7 Cash and deposits 138.6 142.6 +4.0 Hou
Slide 24: Balance Sheets (Liabilities & Net Assets)
Balance Sheets (Liabilities & Net Assets) (JPY billion) Mar. 31, 2024 Mar. 31, 2025 Difference Non-interest-bearing liabilities 381.6 384.6 +3.0 Net profit: +81.9 Interest-bearing liabilities 120.7 110.8 -9.9 Dividends paid: -32.0 [Net interest-bearing liabilities] [-17.8] [-31.8] [-13.9] Total liab
Slide 25: Consolidated Cash Flows
Consolidated Cash Flows (JPY billion) FY2023 FY2024 Cash flows from operating activities 106.6 119.2 Cash flows from investing activities -18.5 -61.5 Cash flows from financing activities -53.0 -61.2 Net increase in cash and cash equivalents 41.2 -5.5 Cash and cash equivalents at end of period 126.4
Slide 26: Depreciation, Amortization, Capital Expenditures and EBITDA
Depreciation, Amortization, Capital Expenditures and EBITDA Goodwill and other Depreciation*1 Capital expenditures EBITDA*3 amortization*2 Differ- Differ- Differ- Differ- FY2023 FY2024 FY2023 FY2024 FY2023 FY2024 FY2023 FY2024 ence ence ence ence (JPY billion) HPP 21.5 22.3 +0.8 1.2 1.2 0 19.3 26.8
Slide 27: Depreciation, Amortization, Capital Expenditures, Research and Development Expenditure
Depreciation, Amortization, Capital Expenditures, Research and Development Expenditure FY2025 FY2024 Difference (JPY billion) Plan Depreciation 51.1 58.8 +7.7 Goodwill and other amortization 2.6 2.2 -0.4 Capital expenditures 70.3 105.0 +34.7 EBITDA 161.7 ★ 176.0 +14.3 Research and development expend
Slide 28: High Performance Plastics Company
High Performance Plastics Company Akira Asano Company President 27
Slide 29: HPP Performance Trends
HPP Performance Trends Company ▌ FY2024: High-performance products in the Electronics fields driving growth; increase in net sales, substantial increase in operating profit ▌ FY2025: Despite the uncertainty surrounding global market conditions, planning an increase in net sales and record-high opera
Slide 30: HPP FY2024 Results Analysis
HPP FY2024 Results Analysis Company ▌ Despite sluggish global market conditions, including the automotive sector, increase in net sales and substantial increase in operating profit owing to growth in sales in the Electronics field, focusing mainly on advanced semiconductors, and high-performance int
Slide 31: HPP Overview of FY2025 Plan
HPP Overview of FY2025 Plan Company ▌ Substantial increase in sales volumes and product mix focusing mainly on the Mobility field; plans for an increase in net sales and operating profit by offsetting the effects of higher fixed costs attributable to such factors as the accelerated pace of developme
Slide 32: HPP Three Strategic Fields
HPP Three Strategic Fields Company Net Sales Trends and KPIs in the Three Strategic Fields Growth Growth 11 businesses clarified as strengthening the current PF driving potential in the Drive 2.0 Medium-term Management Plan. Electronics Mobility Electronics (semiconductor and Mobility (high-performa
Slide 33: Housing Company
Housing Company Masahide Yoshida Company President 32
Slide 34: Housing Performance Trends
Housing Performance Trends Company ▌ FY2024: Despite disparities in the degree of new housing market recovery between regions and a decrease in the number of houses sold owing to delays in the recovery in regional areas, substantial increase in operating profit due to the effects of measures aimed a
Slide 35: Housing FY2024 Results Analysis
Housing FY2024 Results Analysis Company ▌ Substantial increase in operating profit in the Housing Business by offsetting the impact of a decline in the number of houses sold through product mix, cost reduction, etc., and measures aimed at strengthening profitability geared toward reducing fixed cost
Slide 36: Housing Overview of FY2025 Plan
Housing Overview of FY2025 Plan Company ▌ Planning an increase in both net sales and operating profit owing to higher unit prices on the back of improvements in the product mix in the Housing Business and efforts to strengthen sales capabilities in the Renovation Business ▌ Focus on securing project
Slide 37: Housing KPIs by Business and Measures to Strengthen Profitability
Housing KPIs by Business and Measures to Strengthen Profitability Company Housing Business <Amount of Orders and the Number of (YoY) Effects of Measure Aimed at Strengthening New Housing Orders (YoY) Buildings by Type of Construction> FY24 FY25 Profitability Targets (Housing business) • FY2024: Whil
Slide 38: Urban Infrastructure & Environmental Products Company
Urban Infrastructure & Environmental Products Company Yoshiyuki Hirai Company President 37
Slide 39: UIEP Performance Trends
UIEP Performance Trends Company ▌ FY2024: Despite weak housing market conditions and sluggish non-residential market conditions in Japan, secured an increase in net sales and operating profit owing to improvements in selling prices and prioritized product sales growth; third consecutive FY of record
Slide 40: UIEP FY2024 Results Analysis
UIEP FY2024 Results Analysis Company ▌ Secured an increase in net sales and operating profit on the back of improvements in selling prices and prioritized product sales growth; third consecutive FY of record-high operating profit ▌ Delays in construction and a deterioration in the movement of cargo
Slide 41: UIEP Overview of FY2025 Plan
UIEP Overview of FY2025 Plan Company ▌ Domestic housing and non-residential market conditions expected to trend along the same lines as the previous year; capital investment demand projected to follow a recovery trend toward the 2H ▌ Planning an increase in net sales and operating profit on the back
Slide 42: UIEP Three Strategic Fields
UIEP Three Strategic Fields Company Net sales in the Three Strategic Fields and KPI’s Building and Performance Construction and Fire resistant and non- Pipe Systems flammable materials materials (railroad industrial piping Infrastructures Composite Materials sleepers, etc.) • While housing and non-r
Slide 43: Medical Business
Medical Business Eiichi Takahashi President of SEKISUI MEDICAL CO., LTD 42
Slide 44: Medical Performance Trends
Medical Performance Trends Business ▌ FY2024: Record-high net sales and operating profit on the back of increased sales of infectious disease testing kits in the U.S. and mainstay pharmaceutical ingredients as well as the effects of foreign exchange ▌ FY2025: Work to capture diagnostics demand in Ja
Slide 45: Medical FY2024 Results Analysis
Medical FY2024 Results Analysis Business ▌ Despite falling below forecasts, substantial growth in infectious disease testing kits in the U.S. and contributions from firm mainstay pharmaceutical ingredients helped drive an increase in net sales and operating profit ▌ Results generally in line with fo
Slide 46: Medical Overview of FY2025 Plan
Medical Overview of FY2025 Plan Business ▌ Despite the anticipated impact of such factors as a certain decrease in product shipments to major customers in the U.S., planning an increase in operating profit by steadily capturing demand for diagnostics reagents in Japan and new orders in the Pharmaceu
Slide 47: Medical Overview by Business
Medical Overview by Business Business Net sales by Business and Overview of Progress Overseas testing Diagnostics (Japan) Diagnostics (overseas) system • FY2024: Steadily captured immunology testing demand • FY2024: Despite a drop in testing demand in China, secured an increase in net sales owing to
Slide 48: Forward-looking statements notice
This slide presentation contains forward-looking statements. These statements are based on current expectations and beliefs. However, actual results may differ from those expressed or implied due to a number of factors and uncertainties such as changes in the global economy and our business, competi
Slide 49: Housing Company Results and Plan
Housing Company Results and Plan 1. Main data in Housing business 5ｚｚｚｚｚｚｚｚｚｚｚｚｚ FY2024 FY2023 1H 2H Full Year 1H 2H Full Year Net sales (JPY billion) 253.7 270.4 524.0 264.8 264.9 529.7 Housing 165.2 172.2 337.3 175.3 172.6 348.0 CONSOLIDATED Renovation 53.8 53.4 107.2 50.9 52.4 103.3 Other 34.7 44
Slide 50: Various Performance Data
Various Performance Data Group-wide FY2024 FY2023 FY2022 ■Net Sales (JPY billion) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q HPP 110.6 110.5 112.0 114.2 96.1 104.2 106.0 106.6 99.1 102.4 97.9 97.0 Housing 116.2 137.4 132.0 138.4 121.0 143.8 126.7 138.1 115.7 144.5 129.0 148.2 UIEP 52.5 60.9 60.8 66.2 51.3
Slide 51: Various Performance Data
Various Performance Data Industrial field FY2024 FY2023 FY2022 ■Net Sales (JPY billion) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Labor-saving product 5.9 6.0 5.8 7.0 4.9 5.2 4.8 5.6 6.0 5.6 4.8 5.3 Environmentally friendly product 1.9 1.9 2.2 2.2 1.7 2.1 2.0 2.2 1.9 1.9 2.1 2.1 FY2024 FY2023 FY2022 Housi
Slide 52: SEKISUI
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