Asahi Yukizai Corporation · TSE:4216
Asahi Yukizai — 1H FY2025 Earnings Presentation
45 slides from Asahi Yukizai's earnings presentation, Nov 19, 2025
Slide 1: Presentation of the Financial Results for the Interim Period
Presentation of the Financial Results for the Interim Period of the Fiscal Year Ending March 31, 2026 November 19, 2025 Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 2: Contents
Contents 1 Business Overview / Summary 3 Forecast for the 2H & FY2025 • Business Overview • Forecast of Company-wide Results • Summary • Forecast of Results by Segment • Valve & Piping Systems Divisions in FY2025-2H 2 Interim Financial Results • Resin Divisions in FY2025-2H • Company-wide Results •
Slide 3: Business Overview / Summary
Business Overview / Summary Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 4: Business Overview
Business Overview Asahi Yukizai Group's Three Business Segments Water Treatment & Natural Valve & Piping Systems Divisions Resources Development Divisions Net sales: 24.3 billion yen Net sales: 4.0 billion yen Operating profit: 4.0 billion yen Operating profit: - 0.0 billion yen 10% FY2025 1H 29% Ne
Slide 5: Summary
Summary Decline year-on-year in both sales and profits 39.8 billion yen in net sales and 4.4 billion yen in operating profit Continued revision or postponement of projects in the field of semiconductor manufacturing factory construction in the U.S. Postponement or revision of capital investment to m
Slide 6: Interim Financial Results
Interim Financial Results Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 7: Company-wide Results
Company-wide Results FY2024 FY2025 Amount of Rate of (Amount: billion yen) 1H 1H change change Net sales 41.7 39.8 - 1.9 - 4.5% Operating 5.9 4.4 - 1.5 - 26.1% profit Ordinary 5.8 4.4 - 1.4 - 23.4% profit Profit attributable to owners of parent 3.8 3.0 - 0.8 - 21.1% (Amount: yen) Basic earnings per
Slide 8: Business results for 1H --- Difference from the previously announced data
Business results for 1H --- Difference from the previously announced data Reasons for the discrepancy from the publicly announced figures which were revised on September 26: Net Sales: For the core products in the Valve & Piping systems Divisions, there was a rush demand immediately before the Octob
Slide 9: Results by Segment
Results by Segment FY2024 FY2025 Amount of (Amount: billion yen) 1H 1H change Net sales 26.6 24.3 - 2.3 Valve & Piping Systems Divisions Operating profit 5.1 4.0 - 1.2 Operating profit ratio 19.3% 16.3% - 3.1% Net sales 11.1 11.5 0.5 Resin Divisions Operating profit 0.5 0.4 - 0.0 Operating profit ra
Slide 10: Valve & Piping Systems Divisions for 1H
Valve & Piping Systems Divisions for 1H Valves, Pipes, Sales in Japan remained nearly flat as demand for capital investment and plant Fittings, etc. construction stabilized, with customers taking a wait-and-see approach amid U.S. tariffs. Sales increased steadily due to the expansion of the semicond
Slide 11: 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 - 2.3 Operating profit - 1.2 Net sales Positive factor Negative factor Operating profit Positive factor Negative factor +1.1 26.6 +0.3 - 0.5 24.3 +0.9 - 3.2 5.1 - 0.9 4.0 - 1.2 FY202
Slide 12: Resin Divisions for 1H
Resin Divisions for 1H Sales increased due to capturing demand for semiconductor photoresist materials and in Electronics materials the FPD sector in China. Foundry materials Sales increased due to promotion of high value-added products and steady automobile products production. Foaming materials, S
Slide 13: Resin Divisions: Variation Analysis of Net Sales & Operating Profit
Resin Divisions : Variation Analysis of Net Sales & Operating Profit (Amount: billion yen) Net sales +0.5 Operating profit - 0.0 Net sales Positive factor Negative factor Operating profit Positive factor Negative factor +0.6 +0.1 +0.4 11.5 +0.2 11.1 - 0.5 0.5 +0.2 0.4 - 0.4 FY2024 Electronics Foamin
Slide 14: Water Treatment & Natural Resources Development Divisions Results for 1H
Water Treatment & Natural Resources Development Divisions Results by Segment for 1H Water treatment Sales increased due to steady progress in government projects. Resources Sales decreased due to delays in hot spring and geothermal drilling projects. development Net sales(billion yen) Operating prof
Slide 15: Financial Statements
Financial Statements (billion yen) FY2024 FY2025 As of March As of Sep. P/L B/S 31, 2025 30, 2025 1H 1H Net sales 41.7 39.8 Total assets 105.8 102.4 Cost of sales 25.1 24.6 Current assets 69.6 65.3 Gross profit 16.6 15.3 Inventories 21.5 21.4 Selling and general Non-current assets 36.2 37.1 administ
Slide 16: Forecast for the Second Half and for FY2025
Forecast for the Second Half and for FY2025 (the forecast disclosed on September 26, 2025) Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 17: Forecast of Company-wide Results
Forecast of Company-wide Results Revised downward full-year forecasts on September 26, 2025. FY2024 FY2025 forecast Amount 1H of change (Amount: billion yen) 1H 2H Full-year 2H Full-year (Full-year) ROE Results FY2024 FY2025 Net sales 41.7 43.4 85.2 39.8 40.2 80.0 - 5.2 10% - Operating 5.9 5.2 11.1
Slide 18: Forecast of Results by Segment
Forecast of Results by Segment FY2024 FY2025 Amount of (Amount: billion yen) forecast change Net sales 52.3 48.4 - 3.9 Valve & Piping Systems Divisions Operating profit 9.1 6.8 - 2.3 Operating profit ratio 17.3% 14.0% - 3.3% Net sales 23.0 22.7 - 0.3 Resin Divisions Operating profit 1.1 0.4 - 0.7 Op
Slide 19: Forecast of Results by Segment (2H)
Forecast of Results by Segment FY2024 FY2025 Amount of (Amount: billion yen) 2H 2H（forecast） change Net sales 25.7 24.1 - 1.6 Valve & Piping Systems Divisions Operating profit 3.9 2.8 - 1.1 Operating profit ratio 15.2% 11.8％ - 3.4% Net sales 12.0 11.2 - 0.8 Resin Divisions Operating profit 0.6 - 0.0
Slide 20: Valve & Piping Systems Divisions in FY2025-2H
Valve & Piping Systems Divisions in FY2025-2H The electronics industry is in a temporarily inactive scene in the U.S. in anticipation of a Semiconductor-related environment recovery in FY2026. business Business It is expected that demand for semiconductor manufacturing equipment will temporarily (va
Slide 21: Resin Divisions in FY2025-2H
Resin Divisions in FY2025-2H Semiconductor-related Steady growth in the semiconductor market with inventory adjustments for certain products for back- business end processes. environment (Electronics materials) The shift to domestic production in China is expected to accelerate further. Business Aut
Slide 22: Water Treatment & Natural Resources Development Divisions in FY2025-2H
Water Treatment & Natural Resources Development Divisions in FY2025-2H Demand for capital investment in water and sewage services facilities and equipment Water treatment for factory wastewater is moving at the level close to that of the preceding year. environment Business In the geothermal busines
Slide 23: Dividends and Stock Price
Dividends and Stock Price Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 24: 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 50 55 60 45 50 50 50 40 30 25 25 25 35 25 60 55 15 50 25 25 25 25 30 15 20 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY202
Slide 25: Stock Price Trends
Stock Price Trends *Indexed by deeming the stock price of January 4, 2024 as 100 Stock price: Index Volume: shares 出来高 旭有機材_指数 日経平均_指数 180 700,000 160 600,000 140 500,000 120 100 400,000 80 300,000 60 200,000 40 100,000 20 0 0 Dividend PER PBR 2025/11/13 (Company’s yield＊ Forecast)＊ （Results） Stock
Slide 26: Outline of the New Mid-Term Corporate Management Plan GNT2030
Outline of the New Mid-Term Corporate Management Plan “GNT 2030” Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 27: Financial Targets
Financial Targets Long-Term Prospect Investment for Growth & (for Around 2035) Growth in Profits Net Sales Targets for FY2030 : 200 Bil. Yen Operating Profit Net Sales : 40 Bil. Yen ROIC 13 % Estimates for FY2025 : 120 Bil. Yen ROE 18 % Operating Profit Net Sales : 80 Bil. Yen : 20 Bil. Yen Operatin
Slide 28: Three Growth Strategies
Three Growth Strategies Promoting the “Niche Top” Strategy 01 by Region in the World Deepening and Expanding Presence 02 in the Semiconductor-Related Business Reforming Domestic Business Models - Changing 03 from Competition to Cooperative Creation 08 Copyright(c) ASAHI YUKIZAI CORPORATION Securitie
Slide 29: Promoting the "Niche Top" Strategy by Region in the World
01 Promoting the “Niche Top” Strategy by Region in the World U.S. ▼ Expansion of Prefabrication Bases Middle East Promoting Replacement of Metal ▼ & Africa in Desalination, Electrolysis, and Chemical Processes India Planning the Second Factory ▼ Expanding Production of High- China ▼ Performance Resi
Slide 30: Deepening and Expanding Presence in the Semiconductor-Related Business
02 Deepening and Expanding Presence in the Semiconductor-Related Business DymatrixTM ▼ Enhancing the Supply System Valve & ・Nobeoka, Japan: Exploring Utilization of Asahi Kasei Piping Systems Microdevices’ Semiconductor Manufacturing Facilities Divisions ・China: Considering Local Production to Meet
Slide 31: Reforming Domestic Business Models - Changing from Competition to Cooperative Creation
03 Reforming Domestic Business Models - Changing from Competition to Cooperative Creation Valve & Piping Systems Divisions Development of a Corrosion-Proof ▼ Engineering, Sales Companies in the Group Solutions Platform × Water Treatment Providing One-Stop Optimal Solutions ・Addressing Social Challen
Slide 32: Financial Strategy
Financial Strategy Maintain financial soundness while utilizing financial leverage to execute a well-balanced approach to growth investments and shareholder returns. We aim for a total shareholder return ratio of approximately 50–70% over six years, while maintaining financial soundness with a D/E r
Slide 33: Enhancing Intangible Assets as Foundation for Business Growth
Enhancing Intangible Assets as Foundation for Business Growth Customer Capital Human Capital Intellectual Capital Copyright(c) ASAHI YUKIZAI CORPORATION Securities Code: 4216
Slide 34: Customer Capital
Enhancing Intangible Assets as Foundation for Business Growth Customer Capital Building deeper relationships with loyal customers （ Fan Base ） Fixed-point observation through CS surveys Copyright(c) ASAHI YUKIZAI CORPORATION Securities Code: 4216
Slide 35: Human Capital
Enhancing Intangible Assets as Foundation for Business Growth Human Capital Developing ASAHI YUKIZAI-Style human resources "People Who Take on Challenges and Move Forward Together" Development of global talent and next-generation leaders Copyright(c) ASAHI YUKIZAI CORPORATION Securities Code: 4216
Slide 36: Intellectual Capital
Enhancing Intangible Assets as Foundation for Business Growth Intellectual Capital Anticipating market changes and continuously creating niche top positions through the accumulation of technology and knowledge Copyright(c) ASAHI YUKIZAI CORPORATION Securities Code: 4216
Slide 37: Digital x Generative AI
Enhancing Intangible Assets as Foundation for Business Growth Customer Capital Digital Human Capital × Generative AI Intellectual Capital Copyright(c) ASAHI YUKIZAI CORPORATION Securities Code: 4216
Slide 38: 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
Slide 39: Reference Data
Reference Data Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 40: Company-wide Profit/Loss Quarterly Trends
Company-wide Profit/Loss Quarterly Trends Operating profit (billion yen) Net sales (billion yen) 25 5 20 4 15 3 10 2 5 1 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY2021 FY2022 FY2023 FY2024 FY2025 Net sales 13.7 15.8 17.8 17.5 16.8 19.2 20.4 20.7 21.0 22.8 22.3 21.3 20.2 21.5 21.4 2
Slide 41: Valve & Piping Systems Divisions Trends in Results
Valve & Piping Systems Divisions Trends in Results (Half-year/Quarter) Net sales(billion yen) Operating profit (billion yen) 35 10 Half-year trends 30 8 25 20 6 15 4 10 2 5 0 1H 2H 1H 2H 1H 2H 1H 2H 1H 0 FY2021 FY2022 FY2023 FY2024 FY2025 Net sales 17.1 20.7 22.8 25.7 29.7 27.7 26.6 25.7 24.3 Operat
Slide 42: Resin Divisions Trends in Results
Resin Divisions Trends in Results (Half-year/Quarter) Net sales(billion yen) Operating profit (billion yen) 16 1.2 Half-year trends 12 0.8 8 0.4 4 0 1H 2H 1H 2H 1H 2H 1H 2H 1H 0.0 FY2021 FY2022 FY2023 FY2024 FY2025 Net sales 8.8 9.8 9.7 10.9 10.7 11.5 11.1 12.0 11.5 Operating profit 0.5 0.4 0.2 0.6
Slide 43: Water Treatment & Natural Resources Development Divisions Trends in Results
Water Treatment & Natural Resources Development Divisions Trends in Results (Half-year/Quarter) Net sales(billion yen) Operating profit (billion yen) 8.0 0.8 Half-year trends 6.0 0.4 4.0 0.0 2.0 0.0 1H 2H 1H 2H 1H 2H 1H 2H 1H -0.4 FY2021 FY2022 FY2023 FY2024 FY2025 Net sales 3.6 4.8 3.5 4.5 3.4 4.3
Slide 44: Trends in Overseas Sales
Trends in Overseas Sales The amount has decreased, but the ratio remains the same. Trends in overseas sales Ratio of overseas sales Net sales(billion yen) 20 FY2023 FY2024 FY2025 1H 1H 1H Valve & Piping Systems 54% 51% 49% 10 Divisions Resin Divisions 21% 29% 29% 0 FY2023 FY2024 FY2025 1H 1H 1H Co
Slide 45: Trends in the Sales of Semiconductor-related Products
Trends in the Sales of Semiconductor-related Products Dymatrix Series (Valve & Piping products for semiconductor manufacturing equipment) FY2021 FY2022 FY2023 FY2024 FY2025 forecast 1H 2H Electronics materials (resin for semiconductors) FY2021 FY2022 FY2023 FY2024 FY2025 forecast 1H 2H Copyright