Rasa Industries,ltd. · TSE:4022
Rasa Industries,ltd — FY2025 Earnings Presentation
42 slides from Rasa Industries,ltd's earnings presentation, Jun 3, 2026
Slide 1: FY2025 Consolidated Financial Results
Note： This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. RASA INDUSTRIES,LTD. FY 2025 (Year ended March 31,2026) Consolidated Financial Resul
Slide 2: Contents
Contents 1. Business overview 2. FY 2025 (Apr.-Mar.) Financial Results and Forecast for FY2026 3. Medium-Term Management Plan 2026 Progress Update 1
Slide 3: 1. Business overview
1. Business overview 2
Slide 4: Business overview
Business overview Company Profile Company Name Rasa industries, Ltd. Korean JV（Equity method） Head Office 1-18-13, Soto-Kanda, Chiyoda-ku, Tokyo 101-0021,Japan Founded May 1,1913 Established June 26,1918 Osaka Factory Employees 631（consolidated）＜As of March 31,2026＞ ROC consolidated subsidiary Chemi
Slide 5: 2. FY2025 Financial Results and Forecast for FY2026
2. FY 2025 (Apr.-Mar.) Financial Results and Forecast for FY2026 4
Slide 6: FY2025 (Apr.-Mar.) Financial Summary
FY2025 (Apr.-Mar.) Financial Summary ◼ Net sales increased 5.1% overall, as sales increased in Chemicals and Electronic Materials but decreased in Machinery and Others. ◼ Operating profit rose 26.9%, mainly due to continued strong performance of semiconductor-related products, particularly for overs
Slide 7: Changes in Fiscal Year Performance
Changes in Fiscal Year Performance Changes in Net sales and Operating profit Net sales Net sales（LHS） Operating profit（RHS） Operating profit （Millions of yen） （Millions of yen） 60,000 12,000 54,000 49,600 50,000 45,421 47,727 10,000 42,788 40,000 35,411 8,000 29,759 28,978 6,012 6,200 30,000 6,000 4
Slide 8: Changes in Quarterly Performance
Changes in Quarterly Performance Changes in Net sales and Operating profit Net sales Operating profit （Millions of yen） Net sales（LHS） Operating profit（RHS） Chemicals profit（RHS） （Millions of yen） 12,438 12,539 12,490 11,538 12,033 12,226 12,500 2,500 11,215 10,380 10,633 10,472 10,260 9,709 10,000
Slide 9: Business Segment Overview (Net sales)
FY2025 (Apr.-Mar.) Business Segment Overview (Net sales) Changes in Net sales （Millions of yen） （Millions of yen） FY2024 FY2025 Change Change 50,000 (Apr.-Mar.) (Apr.-Mar.) Rate 1,176 1,186 2,395 1,574 Chemicals 38,168 39,956 1,788 4.7％ 1,177 1,635 4,197 40,000 4,491 Others 5,584 Machinery 4,491 4,1
Slide 10: Business Segment Overview (Operating profit)
FY2025 (Apr.-Mar.) Business Segment Overview (Operating profit) Changes in Operating profit （Millions of yen） （Millions of yen） FY2024 FY2025 Change 7,000 746 Change (Apr.-Mar.) (Apr.-Mar.) Rate 696 6,000 Chemicals 4,840 5,531 690 14.3％ 405 764 Others 5,000 244 119 Machinery 119 405 286 240.3％ 760 E
Slide 11: Chemicals
Chemicals ◼ Phosphorus products: Sales of general products and high-purity products for domestic use remained sluggish and declined; however, strong overseas sales of high-purity products for semiconductors offset the decrease in domestic sales, resulting in an overall increase in sales. ◼ Flocculan
Slide 12: Chemicals (Quarterly)
Chemicals（Quarterly） Changes in Net sales and Segment income Net sales Net sales Segment income High-purity phosphoric acid sales Segment income (Combined total of part of phosphorus products （Millions of yen） and part of consolidated subsidiaries) （Millions of yen） 12,500 5,000 10,235 10,510 10,302
Slide 13: Machinery
Machinery ◼ Construction machinery: Sales of units such as crushers and plants remained sluggish and decreased; although sales of consumable parts and precision machining increased, sales decreased overall. ◼ Civil engineering machinery: Rental equipment for sewerage-related pipe jacking machines co
Slide 14: Machinery (Quarterly)
Machinery（Quarterly） Changes in Net sales and Segment income Net sales Net sales Segment income Segment income （Millions of yen） （Millions of income） 2,012 2,000 1,500 1,652 1,500 1,420 1,000 1,322 1,249 1,175 1,024 895 943 878 941 1,000 500 758 297 212 252 188 131 79 89 63 83 34 1 500 0 (330) 0 (50
Slide 15: Electronic Materials
Electronic Materials ◼ High-purity inorganic materials for compound semiconductors: The compound semiconductor market remained strong, with sales of red phosphorus and indium increasing and sales of gallium rising significantly, partly due to spot sales. ◼ Operating profit increased significantly by
Slide 16: Electronic Materials (Quarterly)
Electronic Materials （Quarterly） Changes in Net sales and Segment income Net sales Segment income Net sales Segment income （Millions of yen） （Millions of yen） 750 681 500 679 636 600 568 400 466 458 450 390 274 405 300 385 325 248 300 307 205 300 200 144 139 103 150 69 100 53 61 47 0 0 (9) (29) 1Q 2
Slide 17: Consolidated statements of income
Consolidated statements of income （Millions of yen） FY 2024 FY 2025 Change Change Rate (Apr.-Mar.) (Apr.-Mar.) Net sales 45,421 47,727 2,305 5.1％ Cost of sales 35,788 36,767 978 2.7％ Selling, general and 4,896 4,947 50 1.0％ administrative expenses Operating profit 4,736 6,012 1,276 26.9％ Non-operati
Slide 18: Consolidated balance sheets
Consolidated balance sheets （Millions of yen） As of Mar. 31, 2025 As of Mar. 31, 2026 Change Current assets 23,581 24,646 1,064 Cash and deposits 5,054 4,823 (231) Accounts receivable ※ 11,665 11,853 187 Inventory ※ 6,518 7,634 1,116 Non-current assets 22,257 25,327 3,070 Property, plant and equipme
Slide 19: Consolidated statements of cash flows
Consolidated statements of cash flows （Millions of yen） FY 2024 FY 2025 Change (Apr.-Mar.) (Apr.-Mar.) Net cash provided by operating activities 5,038 6,149 1,111 Profit before income taxes 4,609 6,190 1,581 Depreciation 1,794 1,781 (13) Decrease(increase) in trade receivables 655 (104) (759) Decrea
Slide 20: Forecast for FY 2026
Forecast for FY 2026 ◼ In Chemicals, high-purity phosphoric acid for semiconductors is expected to continue to perform strongly, mainly overseas, while domestic demand is also expected to recover, resulting in higher sales and operating profit. ◼ In Machinery, sales of pipe jacking machines for sewe
Slide 21: Changes in Capital investment, Depreciation and R&D costs
Changes in Capital investment , Depreciation and R＆D costs ◼ Capital investments: expansion of manufacturing facilities for high-purity phosphoric acid for semiconductors at the ROC subsidiary was completed in FY2025. In FY2026, renewal and expansion investments are planned mainly in Chemicals and E
Slide 22: Policies for Shareholder Returns
Policies for Shareholder Returns ◼ Our policy is to make decisions after a comprehensive evaluation of the need to maintain a balance between emphasizing shareholder returns and retaining internal reserves as a source of capital for financial structure improvements based on performance trends, futur
Slide 23: 3. Medium-Term Management Plan 2026 Progress Update
3. Medium-Term Management Plan 2026 Progress Update 22
Slide 24: Basic Policies of the Rasa Vision 2033
Basic Policies of the Rasa Vision 2033 Increase corporate value and pursue Realize a sustainable future sustainable growth 1 Optimize our business portfolio 4 Respond to climate change and build a ⚫ Strengthen the profitability of core businesses circular society and expand growth businesses ⚫ Reduc
Slide 25: Rasa Vision 2033 ESG Targets
Rasa Vision 2033 ESG Targets [Materiality] [Initiatives] [Metrics and targets] [Relevant SDGs] Reduction of greenhouse gases Reduce CO2 emissions (Scope 1, 2): Addressing 30% by 2033 Climate Change Conserve biodiversity: Appropriate management Forest conservation of decommissioned mines Environment
Slide 26: Rasa Vision 2033 Numerical Targets and Positioning of the Medium-Term Plan
Rasa Vision 2033 Numerical Targets and the Positioning of the Medium-Term Management Plan 2026 Period to plant seeds towards realizing Rasa Vision2033 Towards Present 10 years later a new future 120th Anniversary Phase III Phase II Rasa Vision Phase I Backcasting FY2030 to FY2032 2033 (Millions of y
Slide 27: Medium-Term Management Plan 2026 Overview
Medium-Term Management Plan 2026 Overview Plan name / Medium-Term Management Plan 2026 Period FY2024 to FY2026 (3 years) Aim to strengthen the foundation for increasing corporate value Basic policy by promoting management resource optimization and enhancing profitability ◼ Consolidated net sales ◼ R
Slide 28: Medium-Term Management Plan 2026 Policies
Medium-Term Management Plan 2026 Policies 1 Build structure for optimizing management resources 4 Respond to climate change and build a circular society ✓ Strengthen the profitability of core businesses ✓ Reduce greenhouse gas emissions and expand growth businesses ✓ Transition to renewable energy ✓
Slide 29: Medium-Term Management Plan 2026 Numerical Targets 1/2
Medium-Term Management Plan 2026 Numerical Targets 1/2 Net sales Operating profit (Millions of yen) Net sales Operating profit Medium-Term 80,000 (Millions of yen) Management Plan 2026 +26,000 CAGR 5.8％ 9,000 80,000 8,000 +11,212 CAGR 8.2％ 8,000 70,000 +13,810 CAGR 13.9％ 7,000 60,000 6,200 6,012 54,
Slide 30: Medium-Term Management Plan 2026 Numerical Targets 2/2
Medium-Term Management Plan 2026 Numerical Targets 2/2 (Millions of yen) Change from FY2026 FY2024 FY2025 FY2026 Rate of change Initial Plan (%) Initial Plan(1) Results Results Forecast(2) (2)－(1) Net sales 52,000 45,421 47,727 54,000 2,000 3.8％ Chemicals 42,400 38,168 39,956 45,000 2,600 6.1％ Machi
Slide 31: Management Conscious of Cost of Capital and Stock Price 1/2
Measures for Achieving Management That is Conscious of Cost of Capital and Stock Price 1/2 Current awareness (Bold: Updated on June 3, 2026) ■Shareholder cost of capital is calculated using CAPM, and is approximately 8% to 9%. The weighted average cost of capital (WACC) is approximately 7% to 8% bas
Slide 32: Non-financial measures
Measures for Achieving Management That is Conscious of Cost of Capital and Stock Price 2/2 Initiative policy ■We formulated our long-term vision, “Rasa Vision 2033,” and are advancing our Medium-Term Management Plan 2026, which we position as the period for "planting seeds" (Phase I) to achieve that
Slide 33: Key Measures (1) Chemicals
Key Measures (1) Net sales Medium-Term Management Segment profit Plan 2026 45,000 41,918 39,956 Chemicals 34,391 38,168 5,531 5,800 4,840 4,350 4,115 Initial plan 3,028 <Phosphoric acid> FY2022 FY2023 FY2024 FY2025 FY2026 Forecast (Millions of yen) ◼ Strengthen the profitability of core businesses ✓
Slide 34: Key Measures (2) Machinery
Key Measures (2) Net sales Medium-Term Management Segment profit Plan 2026 Machinery 4,739 5,584 5,300 4,491 4,197 650 579 Initial plan 500 410 405 <Pipe jacking machine> 119 FY2022 FY2023 FY2024 FY2025 FY2026 Forecast (Millions of yen) ◼ Strengthen the profitability of core businesses ✓ Proactive s
Slide 35: Key Measures (3) Electronic Materials
Key Measures (3) Net sales Medium-Term Management Segment profit Plan 2026 Electronic 2,395 2,500 materials 1,830 1,635 1,574 696 700 565 400 Initial plan 368 <High purity inorganic materials> 244 FY2022 FY2023 FY2024 FY2025 FY2026 Forecast (Millions of yen) ◼ Strengthen the profitability of core bu
Slide 36: Topic 1: Manufacturing facilities for semiconductors (Chemicals)
Commenced operations at the expanded high-purity phosphoric acid Topic 1: manufacturing facilities for semiconductors（Chemicals） Production capacity expansion facilities at the ROC subsidiary commenced operations ROC Consolidated Subsidiary Purpose of Increase production of high-purity phosphoric ac
Slide 37: Topic 2: Rising Demand for Indium Phosphide
Topic 2: Rising Demand for Indium Phosphide (Electronic Materials) Demand for indium phosphide (InP) for optical transceivers used in data center optical communications is increasing ⚫ Indium phosphide (InP) is a compound semiconductor composed of indium (In) and phosphorus (P), and is expected to a
Slide 38: Topic 3: Lithium-ion Battery Detection Equipment
Topic 3: Development of Lithium-ion Battery Detection Equipment (Machinery) A system for detecting lithium-ion batteries mixed in waste (utilizing X-rays and AI) Currently, at waste treatment facilities, many fire accidents are caused by used lithium-ion batteries mixed into collected waste, which a
Slide 39: Reference: Sales of semiconductor-related
Reference: Sales of semiconductor-related(Note) Sales ratio of semiconductor-related （millions of yen 、％） Consolidated Net Sales 51.1 49.8 Sales of semiconductor-related 49.1 45.3 45.8 45.0 49,600 47,727 39.5 45,421 42,788 35,411 29,759 28,978 24,332 22,623 24,369 19,598 13,118 15,943 11,751 FY2019
Slide 40: Reference: Comparison with World Semiconductor Trade Statistics
Reference: Comparison with World Semiconductor Trade Statistics (WSTS) Our semiconductor business is expanding along with the global semiconductor market World semiconductor market (Millions of US dollars) (*) 28,000 5-yr growth rate Net sales for semiconductor-related applications (Millions of yen)
Slide 41: Reference: Supply Structure for High-Purity Phosphoric Acid
Reference: Supply Structure for High-Purity Phosphoric Acid for Semiconductors Top market share globally in high-purity phosphoric acid for semiconductors —In addition to quality, we excel at local production and local sales in Japan, Taiwan and South Korea— Expanded facilities at the ROC subsidiary
Slide 42: Cautionary Statement Concerning this Material
Cautionary Statement Concerning this Material The statements in this material are based on a variety of assumptions, and we ask for your understanding that forward- looking statements regarding future figures and other information are subject to uncertainties. 41