Dowa Holdings Co., Ltd. · TSE:5714
Dowa — Investor Presentation (May 2026)
26 slides from Dowa's investor presentation, May 25, 2026
Slide 1: Corporate Strategy Briefing FY2025
Corporate Strategy Briefing FY2025 (FY Ended March 2026) May 25, 2026 ©️ DOWA HOLDINGS CO., LTD. 1
Slide 2: FY2025 Consolidated Financial Results, Full-Year Forecasts for FY2026
FY2025 Consolidated Financial Results, Full-Year Forecasts for FY2026 • FY2025 recorded higher net sales and operating profit, ordinary profit year on year, driven by factors such as higher metal prices, and profit attributable to owners of parent reached a record high of 62.4 billion yen. • For FY2
Slide 3: Factor Analysis of Ordinary Profit Changes (Year-on-Year Comparison)
Factor Analysis of Ordinary Profit Changes (Year-on-Year Comparison) Billion yen (Amounts less than 100 (Nonferrous Metals) Overseas zinc mines: +11.6 million yen are omitted.) (Nonferrous Metals) Inventory valuation: +4.9 (Corporate) Fujita Kanko: (2.9), etc. Lower of cost or market method: +4.0 (F
Slide 4: New Management Team (After Approval at the AGM)
New Management Team (After Approval at the AGM) Ratio of Ratio of Representative Directors Outside Directors Female Directors 【Representative director】 New President and COO FUKUDA Kensaku Female Deep expertise in smelting technologies and management 18% strategy is essential to “pursue quality in c
Slide 5: Review of Medium-Term Plan 2027
Review of Medium-Term Plan 2027 ©️ DOWA HOLDINGS CO., LTD. 5
Slide 6: DOWA's Aim is True Circularity
DOWA's Aim is True Circularity Circularity has entered an era in which quality matters. Today, with "recycling" becoming increasingly widespread, we aim to achieve a more integrated, long-term true circularity. By employing new ideas and more advanced technology while coordinating with industry and
Slide 7: The Aims of Medium-term Plan 2027 (FY2025-FY2027)
The Aims of Medium-term Plan 2027 (FY2025-FY2027) Pursue quality in circularity to better meet the needs of Japan with its limited resources. Expanding circulation Enhancing the quality of capital - Strengthening the five core businesses - Human Capital : Building a company where all employees can w
Slide 8: Progress Assessment of Medium-term Plan 2027
Progress Assessment of Medium-term Plan 2027 Profits are running ahead of plan due to higher metal prices. Major initiatives of each business units and capital policy are progressing steadily. Environmental Management & Recycling Nonferrous Metals Electronic Materials Metal Processing Heat Treatment
Slide 9: Revalidating our Optimal Capital Structure
Revalidating our Optimal Capital Structure We have begun revalidating our optimal capital structure, taking into account our business characteristics, in order to achieve the ROE target set out in the Medium-Term Plan 2027 ＜Background to initiating the review＞ Our company operates in an industry whe
Slide 10: Progress of Medium-Term Plan 2027: Creation of Value
Progress of Medium-Term Plan 2027 Creation of Value Strengthening Growth Businesses and Developing New Businesses and Products ©️ DOWA HOLDINGS CO., LTD. 10
Slide 11: Environmental Management & Recycling Segment: Strengthen Domestic Business in Japan
Environmental Management & Recycling Segment : Strengthen Domestic Business in Japan PCB waste, which faces a processing deadline in March 2027, is decreasing in volume as expected. We will pursue business domain expansion and other measures to improve profitability. Trend in PCB waste processed Imp
Slide 12: Electronic Materials Segment: Status of the Initiatives of Medium-term Plan 2027
Electronic Materials Segment : Status of the Initiatives of Medium-term Plan 2027 Silver powder for solar panels requires a strategic shift, while Short-wavelength infrared LEDs/PDs are progressing as planned. As an unplanned opportunity, demand for Composite oxide powder has surged due to increased
Slide 13: Electronic Materials and Metal Processing Segments: AI-related Product Trends
Electronic Materials Segment and Metal Processing Segment : AI-related Product Trends Demand related to AI servers and peripherals is expanding due to increased data center investment. Securing stable power Growing stored data volume Expansion/refresh of 設備投資需要 (on-site power for data centers) 設備投資需
Slide 14: Progress of Medium-Term Plan 2027: Mitigating Risks
Progress of Medium-Term Plan 2027 Controlling Variability, Cultivating Expectations Mitigating Risks ©️ DOWA HOLDINGS CO., LTD. 14
Slide 15: Mitigating Risks | Responding to Climate Change
Mitigating Risks | Responding to Climate Change We will promote climate change measures that both contribute to the realization of a carbon- neutral society and strengthen our business competitiveness. Approach • We will address climate change through a two-pronged approach: creating and expanding I
Slide 16: Mitigating Risks | Linking Business Strategy and Human Capital Strategy
Mitigating Risks | Linking Business Strategy and Human Capital Strategy Business Strategy Pursue quality in circularity we aim to achieve a true circularity. While coordinating with industry and society as a whole, we pursue the quality in circularity. It is important that the diverse talent working
Slide 17: Linking Business Strategy and Human Capital Strategy: Specific Initiatives
Mitigating Risks | Linking Business Strategy and Human Capital Strategy: Specific Initiatives Improving retention and strengthening Group-wide recruitment Developing DX talent DX engineer training Improve retention we are implementing education we are enhancing follow-up support programs for on-the-
Slide 18: Strategies in Each Business
Strategies in Each Business ©️ DOWA HOLDINGS CO., LTD. 18
Slide 19: Strategies | Environmental Management & Recycling
Strategies | Environmental Management & Recycling Billion yen (Amounts less than 100 million yen are omitted.) Business Strategies (FY2026 Onward) Ordinary Profit (Year on Year) [Challenge] Establishing new revenue streams to replace low-concentration SG&A Equity- PCB waste 16.5 1.1 0.1 expenses met
Slide 20: Strategies | Nonferrous Metals
Strategies | Nonferrous Metals Billion yen (Amounts less than 100 million yen are omitted.) Business Strategies (FY2026 Onward) Ordinary Profit (Year on Year) Middle East [Challenge] Steadily capturing the benefits of rising market prices Increased 11.6 impact Exchange Processed 53.0 • Improve opera
Slide 21: Strategies | Electronic Materials
Strategies | Electronic Materials Billion yen (Amounts less than 100 million yen are omitted.) Business Strategies (FY2026 Onward) Ordinary Profit (Year on Year) [Challenge] Improving earnings through the launch of new businesses/products 0.5 0.4 2.5 • Start mass production of high-margin next-gener
Slide 22: Strategies | Metal Processing
Strategies | Metal Processing Billion yen (Amounts less than 100 million yen are omitted.) Business Strategies (FY2026 Onward) Ordinary Profit (Year on Year) [Challenge] Enhancing profitability by reviewing the product portfolio Depreciation and • Continue to secure a high market share in automotive
Slide 23: Strategies | Heat Treatment
Strategies | Heat Treatment Billion yen (Amounts less than 100 million yen are omitted.) Business Strategies (FY2026 Onward) Ordinary Profit (Year on Year) [Challenge] Capturing automotive demand in Japan and overseas, and expanding sales to other industries 7.0 • Japan: Capture market shifts such a
Slide 24: Assumptions and Sensitivity (FY2026)
Assumptions and Sensitivity (FY2026) Sensitivity (Operating Profit / year) Billion yen Assumptions Fluctuation Sensitivity Exchange rate 155.0 ¥／$ ±1¥／$ 0.63 Copper 12,000 $／ｔ ±100 $／ｔ 0.03 Zinc 3,100 $／ｔ ±100 $／ｔ 0.46 Indium 600 $／kg ±10 $／kg 0.07 * Exchange rate sensitivity; Nonferrous Metals 0.55
Slide 25: Related Releases
Related Releases • Financial Results Related - Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 https://hd.dowa.co.jp/en/ir/news/auto_20260512527461/pdfFile.pdf - Fiscal 2025 Supplementary Information https://hd.dowa.co.jp/en/ir/news/auto_20260513530007/pdfFile.pdf - Notice of
Slide 26: Forward-looking statements
Forward-looking statements made in this document, such as business forecast, are based on the information available at this time and on certain premises that the Company assumes to be reasonable. Actual performance may differ materially from such forecasts due to a variety of factors. ©️ DOWA HOLDIN