Resonac Holdings Corporation · TSE:4004
Resonac — H1 2026 Earnings Presentation
31 slides from Resonac's earnings presentation, Aug 6, 2026
Slide 1: Consolidated Financial Results First Half, 2026
Consolidated Financial Results First Half, 2026 Director & Managing Corporate Officer Hideki Somemiya, CFO Aug. 6, 2026
Slide 2: Key Takeaways
Key Takeaways Revenue and core operating profit of the Semiconductor and Electronic Materials 01 segment reached a record high on a quarterly basis Core operating profit increased compared to 2025 1H (2.6x YoY) 02 - Driven primarily by strong profit growth in the Semiconductor and Electronic Materia
Slide 3: Table of Contents
Table of Contents 1. 2026 1H Consolidated Financial Results 2. 2026 Performance Forecast ©Resonac Holdings Corporation All Rights Reserved. 3
Slide 4: Highlights
Highlights • Revenue increased despite the impact of business transfers • Core operating profit increased significantly, driven by strong performance in Semiconductor and Electronic Materials and a reduction in losses from the graphite electrode business 2026 1H vs. 2025 1H (Unit: Billions of Yen) 2
Slide 5: Consolidated Financial Summary (2025 1H vs. 2026 1H)
Consolidated Financial Summary (2025 1H vs. 2026 1H) • Core operating profit and profit attributable to owners of the parent increased significantly • EBITDA margin without Crasus Chemical reached 20% IFRS (Unit: Billions of Yen) Without Crasus Chemical (Olefins & Derivatives) (Unit: Billions of Yen
Slide 6: Breakdown of Core Operating Profit Changes (2025 1H vs. 2026 1H)
Breakdown of Core Operating Profit Changes (2025 1H vs. 2026 1H) • Sales volume growth in Semiconductor and Electronic Materials and Chemicals drove core operating profit growth • Variable/Fixed cost decreased due to the increase in naphtha prices (Unit: Billions of Yen) 120.0 100.0 23.4 23.5 88.8 8
Slide 7: Segment Breakdown (2025 1H vs. 2026 1H)
Segment Breakdown (2025 1H vs. 2026 1H) • The Semiconductor and Electronic Materials segment achieved significant increases in both revenue and core operating profit • The Chemicals segment narrowed its core operating loss due to higher sales volumes in the Graphite subsegment and the realization of
Slide 8: Segment Summary: Semiconductor and Electronic Materials
Segment Summary (2025 1H vs. 2026 1H) 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 9: Segment Summary: Mobility, Innovation Enabling Materials
Segment Summary (2025 1H vs. 2026 1H) Mobility, Innovation Enabling Materials Mobility (Unit: Billions of Yen) 2025 1H 2026 1H Increase/Decrease Segment Overview Revenue 89.7 84.6 (5.0) (6%) Revenue decreased due to the impact of the transfer of the automotive molded parts business Core operating pr
Slide 10: Segment Summary: Chemicals
Segment Summary (2025 1H vs. 2026 1H) Chemicals • Revenue increased mainly 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 1H 2026 1H Increase/Decrease Subsegment Overv
Slide 11: Segment Summary: Crasus Chemical
Segment Summary (2025 1H vs. 2026 1H) Crasus Chemical Crasus Chemical (Olefins & Derivatives) (Unit: Billions of Yen) 2025 1H 2026 1H Increase/Decrease Segment Overview Revenue 149.9 130.1 (19.8) (13%) Revenue decreased due to the impact of periodic shutdown maintenance conducted once every four Cor
Slide 12: Non-recurring Items/Financial Income/Costs, Equity in Earnings
Non-recurring Items/Financial Income/Costs, Equity in Earnings • Non-recurring items deteriorated due to a one-time expense associated with the revision of the retirement benefit plan, despite a decrease in business restructuring expenses Non-recurring Items (Unit: Billions of Yen) Financial Income/
Slide 13: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position • Interest-bearing liabilities decreased following the conversion of convertible bonds with share acquisition rights, while share capital and capital surplus increased • Retained earnings also increased due to strong business performance, resulting in inc
Slide 14: Table of Contents
Table of Contents 1. 2026 1H Consolidated Financial Results 2. 2026 Performance Forecast ©Resonac Holdings Corporation All Rights Reserved. 14
Slide 15: 2026 Consolidated Forecast
2026 Consolidated Forecast • Crasus Chemical is classified as a discontinued operation following the planned partial spin-off • Forecast revised upward, driven by strong performance in Semiconductor and Electronic Materials (Unit: Billions of Yen) 2026 Forecast Increase/Decrease Highlights (not exha
Slide 16: 2026 Consolidated Forecast: Segment Summary
2026 Consolidated Forecast: Segment Summary • Semiconductor and Electronic Materials forecast revised upward significantly, driven by strong demand for AI-related materials • Crasus Chemical remains consolidated through 2026 3Q, before the planned partial spin-off Current Forecast (Unit: Billions of
Slide 17: 2026 Revenue, Core Operating Profit and EBITDA margin: Segment Breakdown (Forecast)
2026 Revenue, Core Operating Profit and EBITDA margin: Segment Breakdown (Forecast) 2026 Current Forecast*1 (Unit: Billions of Yen) Segment 1Q 2Q 1H 2H Full-year Results*2 Results*2 Results*2 Forecast Forecast Revenue 134.7 164.3 299.0 369.0 668.0 Semiconductor and Core operating profit 34.0 47.5 81
Slide 18: 2026 Consolidated Forecast: Financial indicators
2026 Consolidated Forecast: Financial indicators Consolidated P/L: 1H/2H (Unit: Billions of Yen) Profitability indicators (Full-year 2026) (Unit: Billions of Yen) 1H 2H Full-year Previous Current Increase/ Results*1 Forecast Forecast Forecast*2 Forecast Decrease EBITDA*3 234.5 284.5 50.0 Revenue 546
Slide 19: Appendix
Appendix ©Resonac Holdings Corporation All Rights Reserved.
Slide 20: Supplementary Information on Discontinued Operations
Reference Supplementary Information on Discontinued Operations • Under IFRS, when the disposal of a separate major line of business is approved, it is classified as a discontinued operation; its results are presented separately from continuing operations. Crasus Chemical segment is expected to be cl
Slide 21: Consolidation of Crasus Chemical segment
Reference Consolidation of Crasus Chemical segment In 2026 1H Financial Results, consolidated as usual 2025 1Q Consolidated 2Q Consolidated 3Q Consolidated 4Q Consolidated 1Q 2Q (Reference) 3Q (Reference) 4Q 2026 <20% ownership Consolidated Consolidated Consolidated No P/L contribution Following the
Slide 22: Subsidiaries and Associates, Key variables
Reference Subsidiaries and Associates, Key variables Subsidiaries and Associates Subsidiaries: 96 (-5 from Dec. 31, 2025) -3: Related to the transfer of the automotive molded parts business -1: Related to the liquidation of a foreign subsidiary -1: Related to the merger of a domestic subsidiary Asso
Slide 23: Consolidated Cash Flows
Reference Consolidated Cash Flows (Unit: Billions of Yen) 2025 2026 Increase/ 2026 Increase/ 2025 1H 1H Decrease Forecast Decrease CF from operating activities 34.6 84.4 49.8 130.3 215.0 84.7 CF from investing activities (47.9) (57.0) (9.1) (87.1) (115.0) (27.9) Free Cash flow (13.3) 27.4 40.7 43.2
Slide 24: Capital Expenditures, Depreciation, R&D expenditures and Financial costs
Reference Capital Expenditures, Depreciation, R&D expenditures and Financial costs (Unit: Billions of Yen) 2025 2026 Increase/ 2026 Increase/ 2025* 1H 1H Decrease Forecast Decrease Continuing Operations 106.7 119.6 12.9 Capital expenditures 64.7 58.1 (6.5) Discontinued Operation 6.2 13.9 7.7 Continu
Slide 25: Capital Expenditures: Segment Breakdown
Reference Capital Expenditures: Segment Breakdown (Unit: Billions of Yen) 2025 2026 Increase/ 2026 Increase/ Segment Segment 2025*1 1H 1H Decrease Forecast Decrease Semiconductor and Semiconductor and Electronic Materials 39.6 28.0 (11.6) Electronic Materials 64.1 78.4 14.3 Mobility 4.2 5.5 1.3 Mobi
Slide 26: Depreciation: Segment Breakdown
Reference Depreciation: Segment Breakdown (Unit: Billions of Yen) 2025 2026 Increase/ 2026 Increase/ Segment Segment 2025*1 1H 1H Decrease Forecast Decrease Depreciation and amortization (excl. PPA) 15.3 17.5 2.1 32.0 37.3 5.2 Semiconductor and Semiconductor and PPA amortization 6.2 6.2 - 12.4 12.4
Slide 27: Summary (2026 1Q vs. 2026 2Q)
Reference Summary (2026 1Q vs. 2026 2Q) (Unit: Billions of Yen) Increase/ 2026 1Q 2026 2Q Decrease Revenue 307.9 369.0 61.1 Core operating profit 33.6 55.1 21.5 Non-recurring items (11.5) (4.0) 7.5 Operating profit (IFRS) 22.1 51.2 29.0 Financial income/costs (2.4) (2.8) (0.4) Equity in earnings 2.9
Slide 28: 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 29: 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(DAF, NCF), Copper clad laminates, Electronic Materials Photosensi
Slide 30: Topics
Reference Topics Segment Topics Resonac to Strengthen Production System for High-Purity Hydrogen Fluoride (HF) Gas for Semiconductors Semiconductor and Electronic Materials Resonac to Make Additional Investment of Approximately US$100 million in Hard Disk Media Production Crasus Chemical Update Rega
Slide 31: 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