W-scope Corporation. · TSE:6619
W-scope — Q2 FY Jan 2027 Earnings Presentation
20 slides from W-scope's earnings presentation, Sep 11, 2026
Slide 1: Fiscal Year Ending January 2027 2nd Quarter Earnings Results Presentation
Fiscal Year Ending January 2027 2nd Quarter (February - July 2026) Earnings Results Presentation W-SCOPE Corporation 11 September 2026
Slide 2: Index
Index 1. Q2 results for the fiscal year ending January 2027 2. Outlook for the fiscal year ending January 2027 3. Group business overview 4. Corporate profile APPENDIX： Financial results for WCP In the presentation, the following abbreviations are used for company names. ・ W-SCOPE Corporation (our c
Slide 3: 1. Q2 results for the fiscal year ending January 2027
1. Q2 results for the fiscal year ending January 2027
Slide 4: Summary of FY Jan.27 Q2 Earnings Results
Summary of FY Jan.27 Q2 Earnings Results FY Jan. 27 Q2 vs FY Jan. 26 Q2 YoY 1,928 Mil JPY +477 Mil JPY 132.9％ Sales • Separator Business: Sales rose to 1,131 million yen (+133.5% YoY), driven by an increase in shipments for consumer applications. • IEM Business: Net sales reached 796 million yen (+1
Slide 5: Consolidated Financial Summary
Consolidated Financial Summary *Consolidated financial statements include WSK. Operating results of WCP is recorded as equity method investment loss/income in non-operating loss/income after Q3 of FY Jan. 25. FY Jan. 26 Q2 FY Jan. 26 Q3 FY Jan. 26 Q4 FY Jan. 27 Q1 FY Jan. 27 Q2 (Mil.JPY) (’25 2~’25
Slide 6: BS Summary
BS Summary (Bil.JPY) ASSETS (Bil. JPY) LIABILITIES & EQUITY 60 60 50 50 40 40 39 38 40 (Investment 36 36 (Investment 45 43 securities (Investment 41 30 securities securities 30 40 34) 39 33) 34) 20 20 10 13 10 2 2 2 12 11 2 2 12 11 1 1 1 2 1 7 7 7 6 1 5 0 1 1 1 0 1 1 1 0 2026_1 2026_1 2026_1 2027_1
Slide 7: Waterfall chart – YoY change in OP
7 FY Jan. 27 Q2 FY Jan. 26 Q2: JPY -2,868 million FY Jan. 27 Q2: JPY -1,388 million +477 million JPY +1,480 million -13.88 Decrease in other manufacturing costs 1.68 (incl. IEM) JPY YoY Changes in 0.02 Decrease in freight costs Sales: OP: -0.22 Decrease Increase in energy cost Increase 4.48 Reversal
Slide 8: Waterfall chart – QoQ change in OP
8 FY Jan. 27 Q2 (for three months) FY Jan. 27 Q2: JPY -1,023 million -10.23 FY Jan. 27 Q1: JPY -364 million JPY -845 million JPY -658 million 1.79 Decrease in other manufacturing costs (incl. IEM) QoQ Changes in 0.01 Decrease in freight costs Sales: OP: 0.12 Decrease Increase Decrease in energy cost
Slide 9: Sales by Application in FY Jan. Q2
Sales by Application in FY Jan. 27 Q1 Separator IEM Total EV ESS Other Consumer Amounts 114 ― 1,016 796 1,928 WS+WSK (Mil. JPY) % of total 6.0% ― 52.7% 41.3% 100% Amounts 6,488 850 1,102 ― 8,440 WCP (Mil. JPY) % of total 76.9% 10.1% 13.0% ― 100% * Figures of less than one million are rounded down. Q
Slide 10: 2. Outlook for the fiscal year ending Jan. 2027
2.Outlook for the fiscal year ending Jan. 2027
Slide 11: H1 Progress vs Forecasts
H1 Progress vs Forecasts 1. Sales (JPY in billions) H1 Forecasts H1 Actual vs forecasts Outlook Separator 2.05 1.13 55.2% • Approx. 90% of separator sales were derived IEM 0.95 0.79 83.8% from non-ESS consumer applications, with EV and ESS contribution expected from H2. • IEM shipments paused in Q2
Slide 12: 3. Group business overview
3. Group business overview
Slide 13: Review of Group Operations and Business Environment
Review of Group Operations and Business Environment Separator business H1 sales recovered YoY but missed initial targets due to client ESS production delays; recovery is expected in H2. European EV demand remains in a gradual recovery phase. In the U.S., clients continue reallocating manufactu
Slide 14: Summary of New Initiatives
Summary of New Initiatives • Separators: While the recovery of the European EV market remains slow, we continue to focus on cultivating demand for projects within the U.S. and Asian regions. • IEM: Making steady progress in expanding customers and projects, ranging from standalone membrane sales to
Slide 15: 4. Corporate Profile (Appendix) Financial Statements for WCP
4. Corporate Profile (Appendix) Financial Statements for WCP
Slide 16: Corporate Profile
Corporate Profile Company Name W-SCOPE Corporation Representative Won-Kun CHOI, President and CEO HQ Address Gotanda Sakura Building 8F, 1-22-6 Higashi Gotanda, Shinagawa-ku, Tokyo Founded / Listed in Oct 2005 / Dec 2011 Listing Market TSE Prime Market（6619 JP） Membrane film specialist manufacturer
Slide 17: Corporate Structure
Corporate Structure W-SCOPE Corporation Group supervision, financing, product sales and material and technology development. 35.52% 100% (incl. indirect shareholdings) W-SCOPE KOREA CO.,LTD. W-SCOPE CHUNGJU PLANT CO., LTD. (WSK) (WCP) Listed in KOSDAQ since Sept 2022 (393890） • Production and sale o
Slide 18: (Appendix) Financial Statements for WCP
(Appendix) Financial Statements for WCP Profit and Loss Statement for W-SCOPE CHUNGJU PLANT CO., LTD. (consolidated, K-IFRS, in Mil.KRW) FY Dec. 2024 FY Dec. 2025 FY Dec. 2026 Full Year Full Year H1 Sales 322,073 110,812 79,105 Operating income/loss -70,938 -127,642 -36,011 Net income/loss -72,205 -
Slide 19: Quarterly Sales by Application (WCP)
Quarterly Sales by Application (WCP) (Mil.JPY) 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 FY26_1 Q1 FY26_1 Q2 FY26_1 Q3 FY26_1 Q4 FY27_1 Q1 FY27_1 Q2 Automotive/EV Consumer ESS Other Consumer 19
Slide 20: Disclaimer
Disclaimer This presentation includes predictions and forecast of W-Scope Corporation’s business and market trends in which it operates. These predictions and forecast are made based on currently available information. Therefore, the actual result may differ due to various factors. W-Scope Corporati