Slide 1: Financial Results Briefing Material for the Fiscal Year Ended March 2025
Financial Results Briefing Material for the Fiscal Year Ended March 2025 JCU CORPORATION TSE Prime (Stock Code: 4975) May 13, 2025 Financial Results Briefing Material for FY3/25 1
Slide 2: Summary of Consolidated Financial Results for FY3/25
Summary of Consolidated Financial Results for FY3/25 Accounting Period of FY3/25 JCU (non-consolidated): April 1, 2024 to March 31, 2025 Overseas subsidiaries: January 1 to December 31, 2024 ◼ China: The inventory adjustment of high-performance electronic devices including smartphones ran its course
Slide 3: Summary of Financial Results for FY3/25
Summary of Financial Results for FY3/25 (Millions of yen) FY3/23 FY3/24 FY3/25 Forecasts YoY Results Results Results (Revised February 2025) % Change Net sales 27,137 24,859 28,000 28,356 14.1% Operating profit 9,285 8,041 10,000 10,513 30.8% Ordinary profit 9,369 8,216 10,500 10,920 32.9% Profit at
Slide 4: Summary Consolidated Balance Sheet
Summary Consolidated Balance Sheet (Millions of yen) FY3/24 FY3/25 Current assets 40,831 40,223 Cash and deposits 27,037 26,046 Notes and accounts receivable-trade 10,171 10,461 Inventories 2,518 2,315 Non-current assets 8,810 14,617 Property, plant and equipment 6,165 11,830 Investments and other a
Slide 5: Foreign Exchange Rates
Foreign Exchange Rates Foreign exchange sensitivity (as at the consolidated year): Changes of about 100 million yen in consolidated operating profit with 1% change in major currency rates listed below (Yen) FY3/25 FY3/26 FY3/24 (Initial 1Q 2Q 3Q 4Q (Forecast) forecast) Chinese yuan (CNY) 19.82 20.40
Slide 6: Changes in Consolidated Operating Profit for FY3/25
Changes in Consolidated Operating Profit for FY3/25 (Millions of yen) 14,000 ■ Positive factors (YoY change) ■ Negative factors +2,472 12,000 329 (945) 584 60 1,240 10,000 1,204 8,000 Higher sales of chemicals from chemicals Increase in gross profit local currencies to JPY) (due to conversion from E
Slide 7: Forecasts for FY3/26
Forecasts for FY3/26 (Millions of yen) FY3/25 FY3/26 YoY% Change Results Forecasts Net sales 28,356 28,500 0.5% Operating profit 10,513 10,700 1.8% Ordinary profit 10,920 10,800 (1.1)% Profit attributable to owners of parent 7,497 7,400 (1.3)% Net income per share 297.71 yen 296.94 yen - Financial R
Slide 8: Changes in Consolidated Operating Profit (Forecast for FY3/26)
8 Operating Profit (forecast) 10,700 (YoY) +186 FY3/26 Changes in Consolidated Operating Profit (Forecast for FY3/26) Exchange rate impact of gross profits (343) presented in financial statements of overseas subsidiaries Financial Results Briefing Material for FY3/25 Increase in SG&A expenses (911)
Slide 9: Annual Consolidated Financial Results (By Segment)
Annual Consolidated Financial Results (By Segment) 30,000 28,500 60 28,356 27,137 0 0 0 2,500 24,866 2,608 24,860 4,202 25,000 35 24,256 0 1,500 50 23,120 0 1,718 22,319 1,307 Net Sales (Millions of yen) 3,178 1,709 4,796 21,192 Operating Margin (%) 27 1,435 3,194 9 2,936 1,783 20,000 2,035 40 1,345
Slide 10: Quarterly Consolidated Financial Results
Quarterly Consolidated Financial Results (Millions of yen) 2,971 2,877 8,000 3,000 2,660 2,640 2,657 2,669 7,000 1,965 2,288 2,500 2,020 1,995 6,000 1,716 2,000 1,379 Operating Profit 5,000 1,500 Net sales 4,000 1,000 3,000 500 2,000 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2023/3 FY3/23 2024/3 FY3/24
Slide 11: Quarterly Consolidated Financial Results (By Segment)
Quarterly Consolidated Financial Results (By Segment) 8,000 7,648 7,996 70.0 7,584 7,624 6,957 6,824 6,434 6,348 60.0 6,160 5,912 6,000 5,639 5,225 50.0 Net Sales (Millions of yen) Operating Margin (%) 40.0 4,000 38.2 39.1 37.7 36.1 37.2 34.8 34.7 33.8 30.0 32.8 30.5 30.4 26.4 20.0 2,000 10.0 0 0.0
Slide 12: Consolidated Segment Results for FY3/25
Consolidated Segment Results for FY3/25 (Millions of yen) 24,154 24,000 (Breakdown) 24,000(Breakdown) 前期4Q累計 4Q FY3/24 21,681 Plating machines 2,490 Plating machines 3,684 Plasma system 537 Plasma system 288 Solar power related 151 Solar power related 230 2025年3月期4Q累計 4Q FY3/25 18,000 18,000 12,000
Slide 13: Quarterly Sales of Chemicals in Japan and Overseas
Quarterly Sales of Chemicals in Japan and Overseas (Millions of yen) 6,000 84% 90% 81% 81% 84% 81% 83% 83% 80% 80% 81% 78% 76% 80% 5,000 70% 4,000 60% 50% 3,000 40% 2,000 30% 20% 1,000 10% 0 0% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2023/3 FY3/23 2024/3 FY3/24 2025/3 FY3/25 国内 Japan 海外 Overseas 海外比率 Ov
Slide 14: Annual Sales of Chemicals, POP, Via Filling and Etching
Annual Sales of Chemicals, POP, Via Filling and Etching (Millions of yen) 12,000 11,066 10,000 9,407 9,624 8,876 8,055 8,005 8,000 7,675 6,098 6,000 5,571 5,177 5,057 5,004 4,597 4,499 4,000 2,860 2,711 2,351 2,337 1,784 1,695 1,831 2,000 0 FY3/19 FY3/20 FY3/21 FY3/22 FY3/23 FY3/24 FY3/25 POP Via Fi
Slide 15: Chemicals for POP, Via Filling and Etching: Quarterly Sales
Chemicals for POP, Via Filling and Etching｜Quarterly Sales POP: Planting on Plastics, mainly for automotive components Via Filling: Additive for copper planting for PWBs and semiconductor package substrates, mainly for smartphones and PCs (Millions of yen) 3,500 Etching: Additives for PWBs and semic
Slide 16: Quarterly Sales of Chemicals by Region
Quarterly Sales of Chemicals by Region (Millions of yen) 4,000 3,000 2,000 1,000 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY3/23 FY3/24 FY3/25 日本 Japan 1,117 1,177 1,173 1,043 1,009 1,038 1,028 884 962 974 1,005 950 中国 China 2,307 2,247 2,612 2,203 1,591 1,931 2,432 2,569 2,181 2,657 2,895 2,890 台湾 Tai
Slide 17: Quarterly Sales of Chemicals by Category: Consolidated
Quarterly Sales of Chemicals by Category YoY 12% (Millions of yen) Consolidated QoQ (1)% 5,000 4,744 4,696 4,304 4,304 4,429 4,195 3,991 3,862 3,974 4,000 3,799 (Chemicals for Electronic Components) 3,404 Core Products: Via filling 3,053 PWBs, connectors, surface treatment 3,000 chemicals for semico
Slide 18: Quarterly Sales of Chemicals by Region: Japan
Quarterly Sales of Chemicals by Region (Millions of yen) Japan 1,000 YoY 12% 800 744 QoQ (9)% 733 707 638 623 629 617 604 584 591 574 600 513 400 466 444 432 426 384 405 400 370 369 374 376 349 200 QoQ 1% YoY 2% 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY3/23 FY3/24 FY3/25 ● Chemicals for Electronic Co
Slide 19: Quarterly Sales of Chemicals by Region: Overseas
Quarterly Sales of Chemicals by Region (Millions of yen) Overseas YoY 12% 5,000 QoQ 0% 4,114 4,121 4,000 3,682 3,805 3,559 3,597 3,258 3,390 3,245 3,207 3,000 2,766 2,449 2,000 YoY (14)% QoQ 3% 1,000 1,143 1,350 1,011 1,133 1,010 854 972 784 786 837 813 835 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY3/
Slide 20: Quarterly Sales of Chemicals by Region: China
Quarterly Sales of Chemicals by Region YoY 22% (Millions of yen) China QoQ (1)% 2,415 2,380 2,500 2,170 1,945 2,000 1,749 1,804 1,738 1,649 1,535 1,509 1,426 1,500 1,154 YoY (13)% 1,000 QoQ 7% 855 772 500 695 651 597 585 442 492 445 487 477 510 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY3/23 FY3/24 FY3
Slide 21: Quarterly Sales of Chemicals by Region: Taiwan
Quarterly Sales of Chemicals by Region (Millions of yen) Taiwan YoY (6)% 1,400 1,152 QoQ (1)% 1,200 1,101 1,049 1,050 989 1,000 939 929 848 835 807 800 689 689 600 YoY 26% 400 QoQ 20% 200 4 3 5 4 3 2 3 5 1 3 5 6 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY3/23 FY3/24 FY3/25 ● Chemicals for Electronic Co
Slide 22: Quarterly Sales of Chemicals by Region: South Korea
Quarterly Sales of Chemicals by Region (Millions of yen) South Korea YoY 8% QoQ 5% 600 550 553 504 517 478 485 481 492 500 459 431 413 388 400 300 YoY (13)% QoQ (7)% 200 129 123 113 109 97 100 101 103 111 95 91 88 100 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY3/23 FY3/24 FY3/25 ● Chemicals for Electro
Slide 23: Financial Results since Listing
Financial Results since Listing (Millions of yen) 30,000 28,300 12,000 28,500 10,700 Operating Profit & Profit 25,000 10,500 Net Sales 9,000 20,000 7,400 7,400 15,000 6,000 10,000 3,000 5,000 0 0 FY3/06 FY3/07 FY3/08 FY3/09 FY3/10 FY3/11 FY3/12 FY3/13 FY3/14 FY3/15 FY3/16 FY3/17 FY3/18 FY3/19 FY3/20
Slide 24: Capital Expenditures, Depreciation and R&D Expenses
Capital Expenditures, Depreciation and R&D Expenses R&D Expenses and Capital Expenditures Depreciation (Millions of yen) R&D/Sales ratio 9,000 8,202 1,400 1,800 10.0% 8,000 研究開発費 R&D Expenses 1,207 1,600 1,550 1,200 研究開発費比率 R&D/Sales ratio 7,000 6,359 1,400 8.0% 1,302 6,000 1,000 866 1,200 1,061 1,0
Slide 25: FY3/26 Equity Policy
FY3/26 Equity Policy Dividends per share Interim dividend: 41 yen Plans to increase dividends for (Forecasts) Year-end dividend: 41 yen 16 consecutive fiscal years 期末 Year-end 中間 Interim Total 総還元性向 distribution ratio 75.9% 49.2% 50.3% 44.1% 46.9% 44.9% 45.4% 29.7% 24.8% 24.1% 82 70 76 66 57 +¥4 45
Slide 26: Efforts in Addressing ESG Challenges
Efforts in Addressing ESG Challenges JCU aims to become a global company that continues to grow in a sustainable fashion by addressing ESG challenges through its business activities. Environment Social Development of environmentally responsible Ratio of female managers (non-consolidated) products 10
Slide 27: Topics (1): Revision to Performance Targets in the Medium-Term Management Plan
Topics (1)｜Revision to Performance Targets in the Medium-Term Management Plan (Millions of yen) FY3/25 FY3/26 FY3/27 Result Initial target Revised target Initial target Revised target Net sales 28,356 29,000 28,500 31,000 31,000 Operating profit 10,513 9,100 10,700 10,000 11,000 Ordinary profit 10,9
Slide 28: Topics (2): Progress of Kumamoto Manufacturing and Research Center
Topics (2)｜Progress of Kumamoto Manufacturing and Research Center Full view of Kumamoto Manufacturing and Research Center Completion is on schedule for December 2025. ○ Outline of Kumamoto Manufacturing and Research Center Location: 2083-8 Nishitakayu, Oyatsu, Oaza, Mashiki, Kamimashiki District, Ku
Slide 29: Reference
Reference ⚫ Company Profile ⚫ Surface Treatment Technology in Future ⚫ Major Distribution Channels ⚫ Usages of Chemicals and Typical Final Products Financial Results Briefing Material for FY3/25 29
Slide 30: Company Profile
Company Profile Founded in : December 1957 Established on : April 1, 1968 Capital stock : 1,281 million yen Non-consolidated: 16.0 billion yen / Consolidated: 28.3 billion yen Annual sales : (For the fiscal year ended March 31, 2025) Head office : TIXTOWER UENO 16F, 8-1 Higashiueno 4-chome, Taito-ku
Slide 31: Surface Treatment Technology in Future: Electronic Components
Surface Treatment Technology in Future —Electronic Components— Target Next-generation PKG substrate for AI accelerators, data centers, high-performance electronic devices Hybrid bonding 〇Expected primary application 2.xD/3D package Si substrate Memory 〇Performance required by surface treatment techn
Slide 32: Surface Treatment Technology in Future: Decoration & Function
Surface Treatment Technology in Future —Decoration & Function— Target Automotive components (front grilles, door handles, emblems, etc.) Faucet parts (showerheads, drain plugs, etc.) Plating technology with no hexavalent chromium (Cr6+) and no PFAS Conventional Newly Cr6+ free Before processing PFAS
Slide 33: Major Distribution Channels
Major Distribution Channels Customers (sold-to) Materials (chemicals) Manufacturing/processing/assembly Products (e.g. Automobiles) JCU Our overseas Decoration/ • Automobile parts Function CORPORATION subsidiaries manufacturers －Tier 1, Tier 2, etc. • Automobile manufacturers • Specialist plating co
Slide 34: Usages of Chemicals and Typical Final Products
Usages of Chemicals and Typical Final Products Description of term Final products Surface treatment chemicals for decorative and function purposes such as those for providing a Chemicals for function/decoration Automotive parts, faucet parts, construction materials, etc. metal appearance and prevent
Slide 35: Disclaimer and Contact
This material contains current plans and forecasts of future performance of JCU CORPORATION. These plans and forecast figures are prepared by the Company based on currently available information. This material does not give any assurance or guarantee of the Company’s future financial performance and