Kureha Corporation · TSE:4023
Kureha — Q3 FY2025 Earnings Presentation
11 slides from Kureha's earnings presentation, Feb 9, 2026
Slide 1: FY2025 3Q Results
FY2025 3Q Results February 9, 2026
Slide 2: Performance Highlights (1)
Performance Highlights （1） FY2025 3Q Results FY2025 3Q YoY changes: Main Factors Revenue and Profit （billion yen） ・Higher revenue from PGA and PPS in Advanced Materials, but FY25 FY24 FY25 overall revenue declined due to lower selling prices driven by Full-year forecast changes in the PVDF sales mix
Slide 3: Performance Highlights (2)
Performance Highlights （2） ＜ Analysis of Changes in Operating Profit：FY2025 3Q Results ＞ PVDF: While revenue decreased, profit increased due to a reversal of inventory write-down in the previous fiscal year. PGA: While revenue increased, profit declined due to the impact of deteriorating profitabili
Slide 4: Key Items: PVDF Business
Key Items: PVDF Business ＜LiB Market Overview＞ ＜Profit and Loss Summary＞ • We continue to expect demand for LiB for vs. 3Q YoY/FY2024 Full-year Result automotive applications will expand sustainably • Sales declined in 1Q–3Q due to decreased sales for EVs, in the medium to long term. At present, whi
Slide 5: Key Items: PGA Business
Key Items: PGA Business ＜Market Overview＞ ＜Profit and Loss Summary＞ • Drilling activity in gas fields (high temperature) has vs. 3Q YoY/FY2024 Annual Result recovered due to the rise in natural gas prices in • Sales increased due to a recovery in drilling activities in gas North America and an incre
Slide 6: Segment Performance: Advanced Materials and Specialty Chemicals
Segment Performance: Advanced Materials and Specialty Chemicals Advanced Maerials Specialty Chemicals (billion yen) FY2025 FY2024 Diff. FY2025 FY2024 Diff. 3Q 3Q Amount % 3Q 3Q Amount % PVDF 10.9 12.2 -1.4 -11% Agrochemicals 4.3 4.7 -0.4 -8% PGA 6.8 4.7 2.1 45% Pharmaceuticals 2.1 2.2 -0.1 -4% Other
Slide 7: Segment Performance: Specialty Plastics, Construction and Other Operations
Segment Performance: Specialty Plastics, Construction and Other Operations Specialty Plastics Construction (billion yen) FY2025 FY2024 Diff. FY2025 FY2024 Diff. 3Q 3Q Amount % 3Q 3Q Amount % Home Products 18.4 17.9 0.5 3% Revenue 10.2 9.9 0.2 2% Fishing Lines 4.0 4.0 0.0 1% Operating Proft 0.9 0.8 0
Slide 8: Financial Position
Financial Position Assets Liabilities and Equity (billion yen） Dec. 31, Mar. 31, Dec. 31, Mar. 31, Change Change 2025 2025 2025 2025 Cash and cash equivalents 25.7 21.5 4.2 Trade and other payables 23.1 19.5 3.6 Trade and other recievables 30.9 31.3 -0.3 Interest-bearing debt 122.5 86.0 36.5 ※1 Inve
Slide 9: Cash Flow
Cash Flow (biliion yen） FY2025 FY2024 Diff. 3Q 3Q Profit before income tax 13.9 11.1 2.8 Depreciation and Aomortaization 9.3 9.5 -0.3 Others -2.3 5.1 -7.4 ※1 Cash Flow from Operation Activities 20.8 25.7 -4.9 Main factors Cash Flow from Investing Activities -8.6 -26.0 17.3 ※2 ※1 Working Capital △8.2
Slide 10: Dividend Forecast
Dividend Forecast (Reproduced for reference from materials disclosed on November 11, 2025) ＜Annual dividend per share and DOE＞ 400.0 Approx. 5.0% 300.0 219.0 2.5% Annual 200.0 2.2% 2.1% 2.1% 2.3% 2.1% dividend 1.7% 1.9% （yen/share） 1.6% 90.0 86.7 86.7 DOE 100.0 70.0 （％） 55.0 56.7 56.7 36.7 41.7 0.0
Slide 11: Disclaimer
Disclaimer • This presentation material is provided for a deeper understanding of our company and is not intended to be used as a solicitation for investment or other activities. • This material has been prepared by our company based on the information available at the time of the presentation. Actu