Aica Kogyo Company, LimitedTSE: 4206

Support Data for the Consolidated Financial Results for the Six Months Ended September 30, 2025

· Issued by Aica Kogyo Company, Limited

Aica Kogyo Co., Ltd.

Support Data for the Consolidated Financial Results for the Six Months Ended September 30, 2025





ⒸAica Kogyo Co., Ltd.





November 5, 2025



Stock code: 4206

＊ "FY" in this material indicates the fiscal year ending March 31 of the succeeding year.



1. Consolidated Financial Results



  • Net Sales, Operating Profit, Ordinary Profit, Net Income*：Reached a record high

  • Operating Profit, Ordinary Profit , Net Income* ：Increased 5 consecutive fiscal year

FY2024 H1

FY2025 H1

Results

Profit

margin

Forecast

Results

Profit

margin

YoY

vs Fcst

Net Sales

[JPY million]

120,140

ー

126,600

121,351

ー

+1.0%

95.9%

Operating Profit

[JPY million]

13,147

10.9%

13,600

13,348

11.0%

+1.5%

98.1%

Ordinary Profit

[JPY million]

14,230

11.8%

14,300

14,671

12.1%

+3.1%

102.6%

Net Income *

[JPY million]

8,855

7.4%

8,900

9,424

7.8%

+6.4%

105.9%

Earnings per share

[JPY]

138.44

ー

141.79

151.29

ー

+9.3%

106.7%

*Profit attributable to owners of parent

2. Historical Consolidated Results for the Six Months Ended September 30



[JPY million]

19,000

Net Sales Profit

117,704

113,307

98,650

6,267

10,156

7,856

12,047

6,436

10,294

8,855

14,230

9,424

14,671



120,140 121,351

120,000

100,000

80,000

17,000

15,000

13,000

11,000

9,000

7,000

60,000

FY2021 H1

FY2022 H1

FY2023 H1

FY2024 H1

FY2025 H1

5,000

Net Sales

Ordinary Profit
Net Income*

*Profit attributable to owners of parent

［JPY million］

Net Sales

Operating Profit

FY2024 H1

Results

FY2025 H1

Results

YoY

FY2025 H1

Forecast

vs Fcst.

FY2024 H1

Results

FY2025 H1

Results

YoY

FY2025 H1

Forecast

vs Fcst.

4,619

4,368

-5.4%

4,760

91.8%

Amount

Chemical Products

67,571

66,973

-0.9%

69,750

96.0%

6.8%

6.5%

ー

6.8%

ー

Profit Margin

Laminates

10,518

11,231

+6.8%

11,000

102.1%

Amount

& Building Materials

52,569

54,378

+3.4%

56,850

95.7%

20.0%

20.7%

ー

19.3%

ー

Profit Margin

[Adjustments]

-1,990

-2,252

ー

-2,160

ー

Amount

13,147

13,348

+1.5%

13,600

98.1%

Amount

Total

120,140

121,351

+1.0%

126,600

95.9%

10.9%

11.0%

ー

10.7%

ー

Profit Margin

3. Results by Segment



［JPY billion］

FY2024 H1

FY2025 H1

Net Sales

International

Sales Ratio

Net Sales

YoY

International

Sales Ratio

Chemical Products

48.33

71.5%

47.44

-1.8%

70.8%

Laminates & Building Materials

9.68

18.4%

8.64

-10.7%

15.9%

Total

58.01

48.3%

56.09

-3.3%

46.2%

4. Results by International Sales



[JPY] 140

120

100

16 consecutive years of dividend increases,

5. Dividends Per Share



and no dividend cuts for 27 consecutive years (as of FY2025)

Continue the progressive dividend policy

103 106 107

92

85

+10 JPY

108 109 112

126

70

136 *

70

Year-end

70 *

(Forecast)

80

60

40 32 34 36 38

43 46

56 57 58

50

47

58 59 60

Interim

28 30

20 13 15 17 17 19

19 23 25

38 42

47 49 49

50 50

66

67

52 56

15 15 15 17 17 19

0

20 21

FY2008 FY2010 FY2012 FY2014 FY2016 FY2018 FY2020 FY2022 FY2024 FY2025

* FY2025 dividends are current forecast values

［JPY billion］

FY2024

FY2025

H1

Results

Full Year Results

H1

Forecast

H1

Results

YoY

vs Fcst.

Adhesives

46.44

95.89

48.00

46.03

-0.9%

95.9%

[ Of which, AAP* Group ]

[36.01]

[74.74]

[37.20]

[35.28]

[-2.0%]

[94.9%]

Construction Resins

5.29

10.97

5.50

5.43

+2.7%

98.8%

Specialty & Performance Materials

8.93

17.96

9.15

8.25

-7.6%

90.2%

Other

6.90

13.75

7.10

7.24

+5.0%

102.1%

Total

67.57

138.58

69.75

66.97

-0.9%

96.0%

* AAP: AICA Asia Pacific

【Appendix】 Sales Breakdown for Chemical Products



Net Sales by Country

[JPY Billion]

Japan

China

Thailand

Vietnam

Indonesia

Others

FY23 H1

FY24 H1

FY25 H1

11.37

6.63

7.73

8.78

12.91

19.52

11.43

7.15

7.11

8.79

13.83

19.23

10.38

7.22

5.18

9.14

13.35

18.39

International Group

[JPY billion]

EMC* Group

AAP* Group

*AAP: AICA Asia Pacific * EMC: EVERMORE CHEMICAL INDUSTRY

Operating profit before elimination of consolidated transactions and goodwill

35.05 36.01 35.28

6.18

2.42

2.63

2.29



4.97

5.55

0.25

0.11

0.13



FY23 H1

FY24 H1

FY25 H1

FY23 H1

FY24 H1

FY25 H1

Japanese Sales Breakdown

Net Sales

Operating Profit

Net Sales

Operating Profit

[JPY Billion]

Adhesives

Construction Resins

4.99

5.24

5.39

2.86

3.13

3.11

Specialty & Performance Materials

9.73 10.14 10.51

FY23

H1

FY24

H1

FY25

H1

FY23

H1

FY24

H1

FY25

H1

FY23

H1

FY24

H1

FY25

H1

【 Appendix 】 Results for Chemical Products



［JPY billion］

FY2024

FY2025

H1

Results

Full Year

Results

H1

Forecast

H1

Results

YoY

vs Fcst.

High Pressure Laminates [HPL]

16.70

35.09

17.80

16.25

-2.7%

91.3%

Decorative Plywood Boards, Architectural Films

6.09

12.46

6.55

5.70

-6.4%

87.2%

Melamine Fire Retardant Decorative Panels "CERARL"

11.43

23.77

12.30

12.19

+6.6%

99.1%

Fire Retardant / Noncombustible Decorative Panels

3.64

7.41

3.90

3.75

+3.0%

96.3%

Building and Housing Materials

14.68

31.35

16.30

16.46

+12.1%

101.0%

Total

52.56

110.10

56.85

54.37

+3.4%

95.7%

【Appendix】 Sales Breakdown for Laminates & Building Materials



Net Sales by Country

8.64

40.13

42.88

45.73

9.68

9.47

Japan International

FY23 H1

FY24 H1

International Sales by Country [JPY billion]

Thailand

1.37

India

1.73

China

2.63

Indonesia

1.10 0.73

Others

1.89

1.70

1.87

2.39

1.35

0.56

1.79

1.78

1.68

1.65

1.19 0.55

1.76

Vietnam

FY23 H1

FY24 H1

FY25 H1

FY25 H1

Japanese Sales Breakdown

[JPY Billion]

High Pressure Laminates [HPL]

Decorative Plywood Boards, Architectural Films

Building and Housing Materials

Fire Retardant

/ Noncombustible Decorative Panels

Melamine Fire Retardant Decorative Panels "CERARL"

16.46

13.56

14.68

10.55

10.92

11.73

6.66

7.37

7.96

5.84

6.06

5.70

3.46

3.64

3.75

FY23 H1

FY24 H1

FY25 H1

FY23 H1

FY24 H1

FY25 H1

FY23 H1

FY24 H1

FY25 H1

FY23 H1

FY24 H1

FY25 H1

FY23 H1

FY24 H1

FY25 H1

【 Appendix 】 Results for Laminates & Building Materials



Exchange Rate Japan Naphtha Prices

FY2024 H1

FY2025 H1

1USD＝JPY152.3

1USD＝JPY149.0

FY2024 H1

FY2025 H1

JPY75,800/kl

JPY69,900/kl

Japanese Construction Market (YoY)

*Time lag with AICA products demand period has been adjusted

Newly built

July 2024 to June 2025

Renovation/Renewal

January to June 2025

Residential Non-Residential

-5.9 ％ -12.6 ％

(Number of constructions) (Total area of constructions)

-7.8 ％ ＋14.8 ％

(Orders received) (Orders received)

【 Appendix 】 Business Outlook Results





"FY" in this material indicates the fiscal year ending March 31 of the succeeding year.

This document has been translated from the Japanese original for reference purpose only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

The matters such as current plan, prospect, strategy, or conviction which indicated in this report but not historical fact are only the expectation of the future achievement, and there are the

risks or unexpected factors.

This information has made based on the judgment of the manager of Aica Kogyo Co., Ltd. using current available information. The actual result can be difference from the current prospect because of various important elements, so please avoid depending on fully to only this prospect.

This document is not a thing for investment inducement. We request that the decision about the investment will be performed by the judgment of each user.



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