Kurita Water Industries Ltd. · TSE:6370
Kurita Water Industries — FY2026 Earnings Presentation
58 slides from Kurita Water Industries's earnings presentation, May 18, 2026
Slide 1: Results Presentation for the Fiscal Year Ended March 31, 2026
Kurita Water Industries Ltd. Results Presentation for the Fiscal Year Ended March 31, 2026 (Securities code: 6370) May 18, 2026 © KURITA WATER INDUSTRIES LTD. All Rights Reserved.
Slide 2: Summary
Summary ⚫ The overseas precision tool cleaning business has been classified as discontinued operation, Following the execution of a share transfer agreement for Pentagon Technologies Group, Inc. FY 03/2026 Results* YoY change rate Orders: + 7.3%, Net Sales: + 3.6%, Business Profit: + 12.7% ⚫ Orders
Slide 3: Table of Contents
Table of Contents Consolidated Financial Results 1 P. 3‐14 for the Fiscal Year Ended March 31, 2026 Consolidated Business Forecast 2 P. 15‐25 for the Fiscal Year Ending March 31, 2027 Achieving the PSV-27 plan and driving 3 P. 26‐52 the next growth phase 4 Appendix P. 53‐56 © KURITA WATER INDUSTRIES
Slide 4: Consolidated Financial Results for the Fiscal Year Ended March 31, 2026
1 Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 © KURITA WATER INDUSTRIES LTD. All Rights Reserved.
Slide 5: Changes in Disclosure
Changes in Disclosure ⚫ Following the execution of a share transfer agreement for Pentagon Technologies Group, Inc. on May 13, 2026, the overseas precision tool cleaning business has been classified as discontinued operation and results up to profit before tax are presented on a continuing operation
Slide 6: Overview of Results
Overview of Results FY 03/2026 （Billions of Yen） FY 03/2025 FY 03/2026 Forecast 443.0 (Billions of Yen) YoY YoY Results Results (Announced in 412.9 Change change rate Nov.) 390.2 384.8 388.8 402.9 100 Orders 412.9 443.0 + 30.1 + 7.3% 435.0 Continuing Operations + Discontinued Operation Continuing Op
Slide 7: Factors in Business Profit Change (YoY Change)
Factors in Business Profit Change (YoY Change) (Billions of Yen) Continuing Operations 70 Improving the Increase in cost of sales ratio SG&A expenses Impact of foreign Impact of exchange rate + 3.9 (2.4) 60 increased sales + 0.4 57.3 + 4.5 50.9 ⚫ Increase in 50 Electronics personnel and digital-rela
Slide 8: Electronics Industry Results by Segment
Electronics Industry Results by Segment FY 03/2026 Facilities FY 03/2025 FY 03/2026 Forecast (Billions of Yen) Results Results YoY Change (Announced in ⚫ Orders increased mainly due to the acquisition of large-scale Nov.) projects in Japan, South Korea, and North America. Orders 194.3 209.0 + 14.6 2
Slide 9: Electronics Industry Factors in Business Profit Change
Electronics Industry Factors in Business Profit Change (YoY Change) (Billions of Yen) Continuing Operations 35 Improving the Increase in cost of sales ratio SG&A expenses Impact of foreign Impact of + 2.4 (1.7) exchange rate 30 increased sales (0.0) 27.7 + 0.8 26.2 25 ⚫ Net sales for ⚫ Business mix
Slide 10: General Industry Results by Segment
General Industry Results by Segment FY 03/2026 Facilities FY 03/2025 FY 03/2026 Forecast (Billions of Yen) ⚫ Orders increased in North America, due to an increase in Results Results YoY Change (Announced in Nov.) municipal facility projects. ⚫ Net sales increased mainly due to construction progress
Slide 11: General Industry Factors in Business Profit Change
General Industry Factors in Business Profit Change (YoY Change) (Billions of Yen) Continuing Operations 35 Improving the Increase in Impact of foreign Impact of cost of sales ratio SG&A expenses exchange rate increased sales + 1.1 (0.7) + 0.4 29.7 30 + 4.1 24.7 ⚫ Increase in 25 ⚫ Expansion of CSV pe
Slide 12: CSV Business
CSV Business * CSV business net sales and the number of models include discontinued operation, as the impact of discontinued operation is immaterial. CSV Business Net Sales Number of CSV Business Models FY 03/2026 FY 03/2025 FY 03/2026 Forecast End of End of (Billions of Yen) Change Results Results
Slide 13: Net Sales by Region
Net Sales by Region Consolidated ⚫ Japan, EMEA : Increased Electronics FY 03/2026 Due to the progress in construction progress of facilities Industry FY 03/2025 FY 03/2026 Forecast ⚫ Asia : Decreased (Billions of Yen) Results Results (Announced YoY Change in Nov.) The absence of large-scale projects
Slide 14: Capital Expenditures, Depreciation and R&D Expenses
Capital Expenditures, Depreciation and R&D Expenses FY 03/2026 ⚫ Capital expenditures decreased due to the high level of FY 03/2025 FY 03/2026 Forecast (Billions of Yen) Results Results (Announced investments in the previous fiscal year for water supply YoY Change in Nov.) services. Capital Expendit
Slide 15: Financial Condition
Financial Condition End of End of (Billions of Yen) Change March 2025 March 2026 Cash and Cash Equivalents 63.0 62.2 (0.8) Increased mainly in contract assets Trade and Other Receivables 126.4 145.6 + 19.2 Inventories 20.7 20.4 (0.4) Continuing Operations + Discontinued Operation Others 10.9 20.8 +
Slide 16: Consolidated Business Forecast for the Fiscal Year Ending March 31, 2027
2 Consolidated Business Forecast for the Fiscal Year Ending March 31, 2027 © KURITA WATER INDUSTRIES LTD. All Rights Reserved.
Slide 17: Assumptions in the Business Forecast for FY 03/2027
Assumptions in the Business Forecast for FY 03/2027 ⚫ While economic growth is slowing in some regions due to tensions in the Middle East, overall growth is supported by the semiconductor market. Japan Moderate recovery supported up by domestic demand and capital investment Asia Slowing growth due t
Slide 18: Overview of Business Forecast
Overview of Business Forecast 100.0 FY 03/2026 FY 03/2027 （Billions of Yen） (Billions of Yen) 470.0 Results Forecast YoY 443.0 YoY Change 412.9 425.0 change rate 388.8 402.9 Orders 443.0 470.0 + 27.0 + 6.1% Net Sales 402.9 425.0 + 22.1 + 5.5% 57.3 61.5 Business Profit 57.3 61.5 + 4.2 + 7.2% 50.9 Bus
Slide 19: Factors in Business Profit Change (YoY Change)
Factors in Business Profit Change (YoY Change) Continuing Operations (Billions of Yen) Impact of Worsened the Increased sales cost of sales ratio Decrease in Impact of foreign 70 + 8.4 (4.6) SG&A expenses exchange rate + 0.3 0 61.5 60 57.3 ⚫ Results are expected to 50 Electronics remain in line with
Slide 20: Electronics Industry Forecast by Segment
Electronics Industry Forecast by Segment Facilities FY 03/2026 FY 03/2027 (Billions of Yen) Results Forecast YoY Change ⚫ Orders for large-scale projects are expected in Japan, East Asia and North America. Orders 209.0 240.0 + 31.0 ⚫ Net sales are expected to increase due to the progress of Faciliti
Slide 21: Electronics Industry Factors in Business Profit Change
Electronics Industry Factors in Business Profit Change (YoY Change) (Billions of Yen) Continuing Operations Impact of Worsened cost of increased sales sales ratio 35 + 6.9 (4.2) Decrease in Impact of foreign SG&A expenses exchange rate + 0.2 0 30.5 30 27.7 ⚫ The business mix is 25 expected worsen du
Slide 22: General Industry Forecast by Segment
General Industry Forecast by Segment Facilities FY 03/2026 FY 03/2027 (Billions of Yen) Results Forecast YoY Change ⚫ Orders are expected to decrease reflecting a rebound from the municipal facility projects in North America in the previous fiscal Orders 234.0 230.0 (4.0) year. Facilities 37.1 36.6
Slide 23: General Industry Factors in Business Profit Change
General Industry Factors in Business Profit Change (YoY Change) (Billions of Yen) Continuing Operations 35 Improving the Decrease in Impact of foreign cost of sales ratio SG&A expenses exchange rate Impact of +0 0 31.0 decreased sales + 1.7 29.7 (0.5) 30 ⚫ The business mix is expected ⚫ Sales declin
Slide 24: CSV Business
CSV Business * CSV business net sales and the number of models include discontinued operation, as the impact of discontinued operation is immaterial. CSV Business Net Sales FY 03/2026 FY 03/2027 (Billions of Yen) Results Forecast YoY Change Consolidated 58.5 68.0 + 9.5 Electronics 15.1 14.5 (0.5) In
Slide 25: Net Sales by Region
Net Sales by Region Net Sales by Region (Consolidated) Electronics ⚫ North & South America : Increase Industry Expecting construction progress in large-scale facility projects FY 03/2026 FY 03/2027 ⚫ Japan : Decrease (Billions of Yen) Results Forecast Expecting a decline in sales in the facilities b
Slide 26: Capital Expenditures, Depreciation and R&D Expenses
Capital Expenditures, Depreciation and R&D Expenses ⚫ Capital expenditures and R&D expenses are expected to FY 03/2026 FY 03/2027 (Billions of Yen) Results Forecast remain at the same level as the previous fiscal year. YoY Change ⚫ Depreciation is expected to increase mainly due to the start Capital
Slide 27: Achieving the PSV-27 plan and driving the next growth phase
3 Achieving the PSV-27 plan and driving the next growth phase © KURITA WATER INDUSTRIES LTD. All Rights Reserved. 26
Slide 28: Key takeaways
Key takeaways １ Steady strategic progress toward the next growth phase beyond the PSV-27 Plan Continuously Electronics : Establishing a strong presence in growth markets through enhancing ２ a balanced mix of project-based and recurring business model cooperate value through General：Transforming into
Slide 29: Progress of PSV-27 and the path toward further growth
Progress of PSV-27 and the path toward further growth Steady progress on priority measures, moving beyond plan achievement to the next growth phase Left axis: Net sales Achievement of PSV-27 plan over three years Right axis: Business profit 470.0 425.0 and (Billions of Yen) 402.9 388.8 more Expansio
Slide 30: Strategic direction for future growth
Strategic direction for future growth Pursuing a growth strategies beyond PSV-27 Growth strategies Mid- and long-term Vector of initiatives Our vision under PSV-27 vision Enhancing presence Holistic optimization approach Electrics in growth market markets through combining project-based and recurrin
Slide 31: External environment and Kurita's strengths
Electronics External environment and Industry Kurita’s strengths Accelerating business growth by leveraging market expansion and core strengths External environment Kurita’s strengths Semiconductor market CAGR*1 +8.5% Broad customer base including global accounts*2 Wafer production trends ( 300mm or
Slide 32: Priority measures
Electronics Industry Priority measures Enhancing Presence in growth market through a balanced mix of project-based and recurring business model* Net sales and profitability 18.0％ Priority measures 15.4% 16.1% 15.6％ 14.6% Expansion of the global business 11.5% platform and service business 230.0 (Bil
Slide 33: Semiconductor market outlook and investment trends
Electronics Semiconductor market outlook and Industry investment trends Large-scale investments expected to continue across regions ASIA Market growth +8% North EMEA China Korea America Market growth +8% Trends Trends Market growth +14% Continued investment by local Strong investment appetite driven
Slide 34: Expansion of the project-based and recurring business model
Electronics Expansion of the project-based and Industry recurring business model Service business expansion expected through continuous acquisition of facility projects Facility-driven holistic Facility order backlog and sales optimization approach Service business expansion (Electrics Industry segm
Slide 35: Production capacity enhancement
Electronics Industry Production capacity enhancement Enhancing production capacity in response to customer investment demand Japan/Korea/China Enhancing Engineering Platform ⚫ Continuous acquisition of target projects ⚫ Allocating resources to projects in other ⚫ AI-driven design automation area and
Slide 36: External environment and Kurita's strengths
General External environment and Industry Kurita’s strengths Continuous customer engagement creates business opportunities in mature industries External environment Kurita’s strengths Overall market growth remains moderate Extensive customer engagement (%) Global GDP growth forecast *1 various indus
Slide 37: Priority measures
General Industry Priority measures Developing new business domains and markets to establish a business foundation that combines stability and growth 4000 Net sales and profitability 13.5% 14.0% Priority measures 12.9% 3500 11.3% 10.4% 3000 8.7% CSV business expansion 240.0 (Billions of Yen) 219.3 23
Slide 38: Competitive Advantages of CSV Business
General Industry Competitive Advantages of CSV Business Creating shared value business model with customers Creating higher Creating higher social value customer value Water savings Cost reduction Pricing CSV business in water and energy usage GHG emissions based on Reduction Improvement in Value we
Slide 39: CSV business expansion
General Industry CSV business expansion Delivering profitable growth through the synergy of three key factors Quantity Quality Marketing ⚫ Maintaining high values through ⚫ Enhancing sales personnel quality ⚫ Enhancing existing technologies regular reviews and expanding into new markets ⚫ Ensuring e
Slide 40: CSV business expansion results
General Industry CSV business expansion results Achieving sustainable sales growth and high profitability while creating social value Net sales and profitability Social value 139 128 （As of 05/26） Amount of water savings 78 96 100.0 3,000 Number of 62 Avoided GHG emissions 3,082 3,000 thousand t tho
Slide 41: Strengthening overseas expansion
General Industry Strengthening overseas expansion Driving region-specific strategies centered on CSV business Maintaining high market Emerging Japan Improvement of share through enhanced markets profitability solution quality EMEA General ASEAN/EMEA/ Expanding market share Expanding Industry North A
Slide 42: Advanced maintenance enabled by NEXTANCE
General Advanced maintenance Industry enabled by NEXTANCE From diagnostics to value creation beyond maintenance Customer challenge NEXTANCE 41 Addressing Labor latent customer Plans/proposals shortage Renewal/ challenges Water treatment Maintenance Upgrade facilities including third-parties’ Diagnos
Slide 43: Creating businesses for future growth
New Business Creating businesses for future growth Leveraging Kurita’s unique strengths to build new business opportunities Kurita Water Broad customer touchpoints Intelligence across regions and industries Social issues Creating New Customer issues Values Extensive business domains enabling access
Slide 44: PFAS removal and treatment business
New Business PFAS removal and treatment business Investment in Cyclopure, Inc. to support business expansion Increasing demand for treatment driven PFAS Measures by PFAS regulations Providing solutions by addressing EMEA North Japan both existing and emerging challenges America Water quality analysi
Slide 45: New business driven by social values
New Business New business driven by social values Launching multiple promising new business as future growth pillars Direct Lithium Extraction（DLE） Environmentally friendly, high-performance fire extinguishing agents Social issue Kurita Evove Ltd. Modular Advanced Social issue High extinguishing per
Slide 46: Financial strategies
Finance Financial strategies Enhancing capital efficiency (ROE) and consistently delivering returns above the cost of capital Maintaining financial soundness Building our robust business portfolio Enhancing earning power Continuous thorough growth expansion of investments Achieving and maintaining t
Slide 47: Business portfolio optimization
Finance Business portfolio optimization Identifying growth domains based on business analysis that incorporates growth potential and cost of capital Growth potential/Net sales CAGR Investment to accelerate growth through Bolt-on M&As ⚫ M&A aimed at strengthening reginal platforms, enhancing Improvin
Slide 48: Cash allocation policy
Finance Cash allocation policy Prioritizes essential expenditures and growth investment, with flexible execution of share buybacks Cash allocation （FY03/27-FY03/28） Policy Indicative amount Maintenance, Debt Maintenance and renewal investments in financing etc. core assets supporting existing busine
Slide 49: Strengthening investment discipline
Finance Strengthening investment discipline Clearly defining investment guidelines for sound and effective execution Common policy Case of M&A Enhancing deal screening and PMI capabilities Invest in projects that Hurdle rates （Minimum required return）exceed the hurdle rate Investment EPS efficiency
Slide 50: Shareholder returns policy
Finance Shareholder returns policy Targeting a payout ratio of 30–50%, we will continue to increase Dividend policy dividends based on the most recent five years. For the fiscal years ended March 31 （yen） █ DPS 23rd consecutive annual dividend increases (Plan) 134 140 120 112 100 84 92 72 78 80 62 6
Slide 51: KPIs and progress of PSV-27
KPIs and progress of PSV-27 Solidly executing priority measures to achieve the plan PSV-27 Post PSV-27 FY03/27 FY03/28 FY03/24 FY03/25 FY03/26 Forecast target Continuing operations Net sales ¥384.8 billions ¥388.8 billions ¥402.9 billions ¥425.0 billions ¥470.0 billions Business profit Financial mar
Slide 52: Value Creation Tree
Value Creation Tree Clarifying linkages to corporate value to drive high-impact initiatives Output Expanding net sales Profit and cash flow Net sales generation ⚫ Business strategy Improving profitability ⚫ Production strategy Human resources Business profit margin ⚫ Intellectual property strategy s
Slide 53: What is Kurita
What is Kurita We harness the power of water to find answers to the challenges faced by industry and society. Through our “Holistic Optimization Approach,” which flexibly combines chemicals, facility engineering, and maintenance services, we deliver solutions tailored to each customer, winning the t
Slide 54: Appendix
4 Appendix © KURITA WATER INDUSTRIES LTD. All Rights Reserved. 53
Slide 55: Value Pioneering Path
Value Pioneering Path Our corporate vision （Achieving by 2030） Pioneering “new value for water” to contribute to the realization of a sustainable society Enhancement of Corporate Value though CSV business Rate of Medium-term Net sales ￥470.0 billion ROE 12％or more Main non- Amount of water 250millio
Slide 56: Review of the Kurita group materiality
Review of the Kurita group materiality Shared value themes Basic themes Solve issues related to water resources Develop and disseminate innovative products, and business models Investment rate in innovation areas 30％ Total number of basins where collective actions are 5basins・600MIll implemented and
Slide 57: Foundation supporting Kurita's growth
Foundation supporting Kurita’s growth Continuously addressing diverse regional and industry challenges while expanding on-site touchpoints Sales composition by region Sales composition by customer industry Oil refinery, EMEA petrochemicals North and Public South America 61 Japan Semiconductor Approx
Slide 58: Forward-looking Statements
Forward-looking Statements This presentation contains forward-looking statements, business plan projections, and judgments based on information available to management at the time of writing. Due to the existence of a variety of risk factors and uncertainties, actual results may differ from those sp
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