Resonac Holdings Corporation · TSE:4004
Resonac — Q2 2025 Earnings Presentation
28 slides from Resonac's earnings presentation, Aug 7, 2025
Slide 1: Consolidated Financial Results First Half, 2025
Consolidated Financial Results First Half, 2025 Hideki Somemiya, CFO Director & Managing Corporate Officer Aug. 7, 2025
Slide 2: Key Takeaways
Key Takeaways 2024 1H vs. 2025 1H - 2025 1H saw improvements in core operating profit compared to 2024 1H - The Semiconductor and Electronic Materials segment performed well, while the Chemical segment underperformed due to the weak market conditions in graphite electrode business Forecast vs. 2025
Slide 3: Summary (2024 1H vs. 2025 1H)
Summary (2024 1H vs. 2025 1H) IFRS (Unit: Billions of Yen) 2024 2025 Increase/ Without Crasus Chemical (Olefins & Derivatives) 1H*1 1H Decrease 2024 2025 Increase/ 1H*1 1H Decrease Revenue 669.5 642.1 (27.5) Revenue 513.8 492.2 (21.7) Core operating profit 33.2 34.6 1.4 Core operating profit 31.1 35
Slide 4: Breakdown of Core Operating Profit Changes
Breakdown of Core Operating Profit Changes (2024 1H vs. 2025 1H) Mobility +2.8 Innovation Enabling (Unit: Billions of Yen) Materials +2.3 Semiconductor & Semiconductor & Chemicals (3.4) Electronic Materials (2.0) Electronic Materials +6.0 50.0 Chemicals (1.5) Crasus Chemical (2.5) Semiconductor & El
Slide 5: Breakdown of Segment Core Operating Profit Changes
Breakdown of Segment Core Operating Profit Changes (2024 1H vs. 2025 1H) Semiconductor & Electronic Materials (bn¥) 50.0 45.0 6.0 42.5 40.0 2.1 9.9 35.0 (2.0) 30.0 26.6 25.0 20.0 15.0 10.0 5.0 0.0 2024 1H *1 Sales volume Sales price Variable/Fixed cost Others 2025 1H Mobility*2 (bn¥) 5.0 2.3 2.8 1.3
Slide 6: Breakdown of Segment Core Operating Profit Changes
Breakdown of Segment Core Operating Profit Changes (2024 1H vs. 2025 1H) Innovation Enabling Materials (bn¥) 15.0 10.0 2.3 5.7 4.9 5.0 (1.2) (1.5) (0.3) 0.0 2024 1H*1 Sales volume Sales price Variable/Fixed cost Others 2025 1H Chemicals*2 (bn¥) 0.0 (0.3) (5.0) (1.9) (3.4) (10.0) (1.5) (1.1) (8.2) (1
Slide 7: Revenue, Core Operating Profit and EBITDA margin: Segment Breakdown
Revenue, Core Operating Profit and EBITDA margin: Segment Breakdown (2024 1H vs. 2025 1H) 2024 2025 (Unit: Billions of Yen) Segment Increase/Decrease 1H* 1H Revenue 209.6 230.7 21.1 10% Semiconductor and Core operating profit 26.6 42.5 15.9 60% Electronic Materials EBITDA margin 22.5% 27.8% 5.3p - R
Slide 8: Semiconductor and Electronic Materials
Segment Summary (2024 1H vs. 2025 1H) Semiconductor and Electronic Materials (Unit: Billions of Yen) 2024 2025 Increase/ Performance Overview 1H* 1H Decrease Revenue 209.6 230.7 21.1 10% Both revenue and core operating profit increased, thanks to the recovery in demand for semiconductors; the pace o
Slide 9: Mobility
Segment Summary (2024 1H vs. 2025 1H) Mobility (Unit: Billions of Yen) 2024 2025 Increase/ Performance Overview 1H* 1H Decrease Revenue 99.9 89.7 (10.2) (10%) Both revenue and core operating profit Core operating profit 2.3 1.3 (1.0) (44%) decreased, due to the divestiture of secondary battery packa
Slide 10: Innovation Enabling Materials
Segment Summary (2024 1H vs. 2025 1H) Innovation Enabling Materials (Unit: Billions of Yen) 2024 2025 Increase/ Performance Overview 1H* 1H Decrease Revenue 46.9 44.9 (1.9) (4%) Core operating profit 5.7 4.9 (0.7) (13%) Both revenue and core operating profit decreased due to factors such as the weak
Slide 11: Chemicals
Segment Summary (2024 1H vs. 2025 1H) Chemicals (Unit: Billions of Yen) 2024 2025 Increase/ Performance Overview 1H* 1H Decrease Revenue 98.5 78.4 (20.1) (20%) - Basic Chemicals: Both revenue and core operating profit decreased due to a decline Basic Chemicals 40.4 39.1 (1.3) (3%) in demand of some
Slide 12: Crasus Chemical
Segment Summary (2024 1H vs. 2025 1H) Crasus Chemical (Unit: Billions of Yen) 2024 2025 Increase/ Performance Overview 1H* 1H Decrease Revenue 155.7 149.9 (5.8) (4%) Revenue decreased due to the lower selling prices following the drop in naphtha prices. Core operating profit 2.1 (0.8) (2.9) - Core o
Slide 13: Non-recurring Items/Financial Income/Costs, Equity in Earnings
Non-recurring Items/Financial Income/Costs, Equity in Earnings Non-recurring Items (Unit: Billions of Yen) Financial Income/Costs, Equity in Earnings (Unit: Billions of Yen) 2024 2025 Increase/ 2024 2025 Increase/ 1H*1 1H Decrease 1H*1 1H Decrease Gain on sale of non- Interest and dividend current a
Slide 14: Consolidated Balance Sheet
Consolidated Balance Sheet Consolidated Statement of Financial Position (Unit: Billions of Yen) Dec. 31, Jun. 30, Increase/ Dec. 31, Jun. 30, Increase/ Assets 2024*1 2025 Decrease Liabilities and equity 2024*1 2025 Decrease Cash and cash equivalents 294.7 208.0 (86.7) Trade payables 171.4 157.5 (13.
Slide 15: Appendix
Appendix ©Resonac Holdings Corporation All Rights Reserved.
Slide 16: Subsidiaries and Associates, Key Outside Factors
Reference Subsidiaries and Associates, Key Outside Factors Subsidiaries and Associates Subsidiaries: 114 (-9 from Dec. 31, 2024) -7: Related to the transfer of regenerative medicine business, secondary battery packaging materials and food packaging materials business, etc. -1: Related to the liquida
Slide 17: Consolidated Cash Flows
Reference Consolidated Cash Flows (Unit: Billions of Yen) Increase/ 2024 1H* 2025 1H Decrease CF from operating activities 56.0 34.6 (21.4) CF from investing activities (11.5) (47.9) (36.4) Free CF 44.5 (13.3) (57.8) CF from financing activities (13.4) (64.4) (51.0) Others 16.8 (10.5) Increase/decre
Slide 18: Capital Expenditures, Depreciation, R&D expenditures and Financial costs
Capital Expenditures, Depreciation, R&D expenditures and Financial costs Reference (Consolidated) (Unit: Billions of Yen) Increase/ 2024 1H* 2025 1H Decrease Capital expenditures 48.2 64.7 16.5 Depreciation and amortization (excluding PPA & goodwill amortization) 41.1 39.7 (1.4) PPA amortization 7.9
Slide 19: Capital Expenditures: Segment Breakdown
Reference Capital Expenditures: Segment Breakdown (Unit: Billions of Yen) Increase/ Segment 2024 1H* 2025 1H Decrease Semiconductor and Electronic Materials 23.5 39.6 16.1 Mobility 5.6 4.2 (1.4) Innovation Enabling Materials 1.9 2.0 0.1 Chemicals 7.4 10.4 2.9 Crasus Chemical (Olefins & Derivatives)
Slide 20: Depreciation: Segment Breakdown
Reference Depreciation: Segment Breakdown (Unit: Billions of Yen) 2024 2025 Increase/ Segment 1H* 1H Decrease Depreciation and amortization (excl. PPA) 14.3 15.3 1.0 Semiconductor and PPA depreciation 6.2 6.2 - Electronic Materials Total depreciation and amortization 20.5 21.5 1.0 Depreciation and a
Slide 21: 2024 Capital Expenditures, Depreciation: Segment Breakdown
Reference 2024 Capital Expenditures, Depreciation: Segment Breakdown (Unit: Billions of Yen) Segment 2024* Segment 2024* Depreciation and amortization (excl. PPA) 29.3 Semiconductor and Semiconductor and Electronic Materials 51.4 Electronic Materials PPA depreciation 12.4 Total depreciation and amor
Slide 22: Summary (2025 1Q vs. 2025 2Q)
Reference Summary (2025 1Q vs. 2025 2Q) (Unit: Billions of Yen) 2025 2025 Increase/ 1Q 2Q Decrease Revenue 321.1 320.9 (0.2) Core operating profit 14.8 19.8 4.9 Non-recurring items (0.9) (1.1) (0.3) Operating profit (IFRS) 14.0 18.6 4.6 Financial income/costs, Equity in earnings (1.5) (0.7) 0.8 Prof
Slide 23: Revenue, Core Operating Profit and EBITDA margin: Segment Breakdown
Reference Revenue, Core Operating Profit and EBITDA margin: Segment Breakdown 2025 (Unit: Billions of Yen) Segment 1Q 2Q 1H Revenue 111.2 119.5 230.7 Semiconductor and Core operating profit 19.6 22.9 42.5 Electronic Materials EBITDA margin 27.1% 28.3% 27.8% Revenue 46.9 42.8 89.7 Mobility Core opera
Slide 24: 2024 Revenue, Core Operating Profit and EBITDA margin: Segment Breakdown
Reference 2024 Revenue, Core Operating Profit and EBITDA margin: Segment Breakdown 2024* (Unit: Billions of Yen) Segment 1Q 2Q 3Q 4Q Full-year Revenue 97.5 112.1 118.9 116.7 445.1 Semiconductor and Core operating profit 8.3 18.2 26.3 20.9 73.7 Electronic Materials EBITDA margin 18.9% 25.6% 30.8% 27.
Slide 25: 2025 Consolidated Forecast, Segment Breakdown
Reference 2025 Consolidated Forecast, Segment Breakdown (Announced Feb. 13, 2025) (Unit: Billions of Yen) 2025 2025 Segment Forecast Forecast Revenue 499.0 Revenue 1,422.0 Semiconductor and Electronic Core operating profit 99.0 Materials Core operating profit 98.0 EBITDA margin 28.9% Revenue 180.0 N
Slide 26: Changes in Segmentation (From 2025)
Reference Changes in Segmentation (From 2025) Starting 2025, the segmentation has been changed as follows: Mobility segment - Automotive Products subsegment and Lithium-ion Battery Materials subsegment are consolidated and is reported as the Mobility segment due to the portfolio restructuring - Anod
Slide 27: Topics
Reference Topics Segment Topics Resonac and PulseForge Unite to Advance Photonic Debonding for Next-Gen Semiconductor Semiconductor Packaging and Electronic Materials Resonac Wins the 24th GSC Award's Minister of Economy, Trade and Industry Prize Crasus Chemical Inc. : Presentation Material Crasus C
Slide 28: 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