Resonac Holdings Corporation · TSE:4004
Resonac — Q1 2026 Earnings Presentation
25 slides from Resonac's earnings presentation, May 13, 2026
Slide 1: Consolidated Financial Results First Quarter, 2026
Consolidated Financial Results First Quarter, 2026 Director & Managing Corporate Officer Hideki Somemiya, CFO May 13, 2026
Slide 2: Key Takeaways
Key Takeaways Semiconductor and Electronic Materials segment continues to perform strongly 01 - Revenue of the Back-end Semiconductor Materials subsegment reached a record high on a quarterly basis Core operating profit increased compared to 2025 1Q 02 - Driven primarily by strong profit growth in t
Slide 3: Table of Contents
Table of Contents 1. 2026 1Q Consolidated Financial Results 2. 2026 1H Performance Forecast ©Resonac Holdings Corporation All Rights Reserved. 3
Slide 4: Summary (2025 1Q vs. 2026 1Q)
Summary (2025 1Q vs. 2026 1Q) • Core operating profit increased significantly • EBITDA margin without Crasus Chemical reached 20% IFRS (Unit: Billions of Yen) Without Crasus Chemical (Olefins & Derivatives) (Unit: Billions of Yen) Increase/ Increase/ 2025 1Q 2026 1Q Decrease 2025 1Q 2026 1Q Decrease
Slide 5: Breakdown of Core Operating Profit Changes (2025 1Q vs. 2026 1Q)
Breakdown of Core Operating Profit Changes (2025 1Q vs. 2026 1Q) • Sales volume growth in Semiconductor and Electronic Materials drove core operating profit growth • Sales price decreased due to the decline in naphtha prices (Unit: Billions of Yen) 50.0 40.0 6.5 33.6 30.0 11.1 5.8 1.2 20.0 14.8 (5.8
Slide 6: Segment Breakdown (2025 1Q vs. 2026 1Q)
Segment Breakdown (2025 1Q vs. 2026 1Q) • The Semiconductor and Electronic Materials segment achieved significant increases in both revenue and core operating profit • Crasus Chemical segment recorded declines in both revenue and core operating profit due to the periodic shutdown maintenance Revenue
Slide 7: Semiconductor and Electronic Materials Segment Summary
Segment Summary (2025 1Q vs. 2026 1Q) Semiconductor and Electronic Materials • Overall semiconductor demand is growing, although growth varies by device and application • Both revenue and core operating profit increased significantly due to higher volume growth in Back-end Semiconductor Materials su
Slide 8: Mobility, Innovation Enabling Materials Segment Summary
Segment Summary (2025 1Q vs. 2026 1Q) Mobility, Innovation Enabling Materials Mobility (Unit: Billions of Yen) 2025 1Q 2026 1Q Increase/Decrease Segment Overview Revenue 46.9 47.3 0.4 1% Both revenue and core operating profit increased, Core operating profit 1.1 2.9 1.8 159% mainly due to the recove
Slide 9: Chemicals Segment Summary
Segment Summary (2025 1Q vs. 2026 1Q) Chemicals • Revenue increased due to a recovery in sales volumes of Graphite subsegment • Core operating loss narrowed due to the realization of structural reform effects Chemicals (Unit: Billions of Yen) 2025 1Q 2026 1Q Increase/Decrease Subsegment Overview Bot
Slide 10: Crasus Chemical Segment Summary
Segment Summary (2025 1Q vs. 2026 1Q) Crasus Chemical Crasus Chemical (Olefins & Derivatives) (Unit: Billions of Yen) 2025 1Q 2026 1Q Increase/Decrease Segment Overview Revenue 78.7 51.7 (27.0) (34%) Both revenue and core operating profit decreased Core operating profit 0.8 (0.5) (1.4) - due to the
Slide 11: Non-recurring Items/Financial Income/Costs, Equity in Earnings
Non-recurring Items/Financial Income/Costs, Equity in Earnings • Non-recurring items deteriorated due to the loss on revision of the retirement benefit plan Non-recurring Items (Unit: Billions of Yen) Financial Income/Costs, Equity in Earnings (Unit: Billions of Yen) Increase/ Increase/ 2025 1Q 2026
Slide 12: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position • Total equity increased due to higher retained earnings and exchange differences on translation of foreign operations • Net debt decreased due to an increase in cash and cash equivalents and the repayment of borrowings Consolidated Statement of Financial
Slide 13: Table of Contents
Table of Contents 1. 2026 1Q Consolidated Financial Results 2. 2026 1H Performance Forecast ©Resonac Holdings Corporation All Rights Reserved. 13
Slide 14: 2026 1H Consolidated Forecast
2026 1H Consolidated Forecast • 2026 1H forecast has been revised upward due to the strong performance in the Semiconductor and Electronic Materials segment • Steady progress toward the full-year forecast; the full-year forecast has been left unchanged given uncertainties related to the situation in
Slide 15: 2026 1H Consolidated Forecast: Segment Breakdown
2026 1H Consolidated Forecast: Segment Breakdown • The Semiconductor and Electronic Materials segment has been revised upward significantly mainly due to the strong performance in AI-related materials • The 2026 1H forecast for the Crasus Chemical segment has been left unchanged as the process for t
Slide 16: Appendix
Appendix ©Resonac Holdings Corporation All Rights Reserved.
Slide 17: Subsidiaries and Associates, Key variables
Reference Subsidiaries and Associates, Key variables Subsidiaries and Associates Subsidiaries: 99 (-2 from Dec. 31, 2025) -1: Related to the liquidation of a foreign subsidiary -1: Related to the merger of a domestic subsidiary Associates and Others: 32 (-1 from Dec. 31, 2025) Key variables (Average
Slide 18: Capital Expenditures: Segment Breakdown
Reference Capital Expenditures: Segment Breakdown (Unit: Billions of Yen) Increase/ Segment 2025 1Q 2026 1Q Decrease Semiconductor and Electronic Materials 22.1 14.8 (7.3) Mobility 2.3 2.3 0.0 Innovation Enabling Materials 1.0 0.8 (0.3) Chemicals 5.3 3.6 (1.6) Crasus Chemical (Olefins & Derivatives)
Slide 19: Depreciation: Segment Breakdown
Reference Depreciation: Segment Breakdown (Unit: Billions of Yen) Increase/ Segment 2025 1Q 2026 1Q Decrease Depreciation and amortization (excl. PPA) 7.5 8.6 1.1 Semiconductor and PPA amortization 3.1 3.1 - Electronic Materials Total depreciation and amortization 10.6 11.7 1.1 Depreciation and amor
Slide 20: Summary (2025 4Q vs. 2026 1Q)
Reference Summary (2025 4Q vs. 2026 1Q) (Unit: Billions of Yen) Increase/ 2025 4Q 2026 1Q Decrease Revenue 360.9 307.9 (53.0) Core operating profit 36.3 33.6 (2.7) Non-recurring items (11.1) (11.5) (0.4) Operating profit (IFRS) 25.2 22.1 (3.1) Financial income/costs (2.0) (2.4) (0.4) Equity in earni
Slide 21: 2026 Consolidated Forecast
Reference 2026 Consolidated Forecast (Released Feb. 13, 2026) Consolidated P/L Segment Breakdown (Unit: Billions of Yen) 1H* 2H Full-year Segment 1H* 2H Full-year Revenue 615.0 695.0 1,310.0 Revenue 265.0 305.0 570.0 Semiconductor and Core operating profit 53.5 74.5 128.0 Core operating profit 53.0
Slide 22: 2025 Revenue, Core Operating Profit and EBITDA margin: Segment Breakdown
Reference 2025 Revenue, Core Operating Profit and EBITDA margin: Segment Breakdown 2025 (Unit: Billions of Yen) Segment 1Q 2Q 3Q 4Q Full-year Revenue 111.2 119.5 135.0 140.7 506.3 Semiconductor and Core operating profit 19.6 22.9 31.5 34.4 108.4 Electronic Materials EBITDA margin 27.1% 28.3% 31.3% 3
Slide 23: Main Products
Reference Main Products Segment Main Products Front-end Semiconductor Materials: High-purity gases for electronic materials, CMP slurry Back-end Semiconductor Materials: Semiconductor and Epoxy molding compounds, Die bonding materials, Copper clad laminates, Electronic Materials Photosensitive dry f
Slide 24: Topics
Reference Topics Segment Topics Resonac Launches R&D Center for Next-Gen Semiconductor Package Technology under U.S.- Japanese Consortium “US-JOINT” Semiconductor and Electronic Materials Expanding Hard Disk Media Production Capacity in Response to Growing Storage Demand Chemicals Price Adjustment o
Slide 25: Note
Note Performance forecast and other statements pertaining to the future as contained in this presentation are based on the information available as of today and assumptions as of today regarding risk factors that could affect our future performance. Actual results may differ materially from the fore