Aica Kogyo Company, LimitedTSE: 4206

Support Data for the Summary of Consolidated Financial Results for the Nine Months Ended December 31, 2024

· Issued by Aica Kogyo Company, Limited

Aica Kogyo Co., Ltd.

Support Data for the Summary of Consolidated Financial Results

for the Nine Months Ended December 31, 2024

January 31, 2025

Stock code: 4206

ⒸAica Kogyo Co., Ltd.

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

1. Consolidated Financial Results

[JPY million]

FY2023

FY2024

Q1-Q3

Profit

Q1-Q3

Profit

YoY

Full Year

vs Fcst.

Results

margin

Results

Margin

Forecast

Net Sales

174,875

ー

184,785

ー

+5.7%

250,000

73.9%

Operating Profit

19,503

11.2%

21,199

11.5%

+8.7%

27,200

77.9%

Ordinary Profit

20,572

11.8%

22,548

12.2%

+9.6%

28,300

79.7%

Net Income*

12,728

7.3%

14,338

7.8%

+12.7%

16,200

88.5%

[JPY]

Earnings Per Share

198.97

－

225.25

ー

+13.2%

258.09

87.3%

Increase in sales and profit

Operating Profit, Ordinary Profit , Net Income* ：Increased 4 consecutive accounting year

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

* Profit attributable to owners of parent

ⒸAica Kogyo Co., Ltd.

2

2. Results by Segment

[JPY million]

Net Sales

Operating Profit

FY2023

FY2024

FY2024

FY2023

FY2024

FY2024

Q1-Q3

Q1-Q3

YoY

Full Year

vs Fcst.

Q1-Q3

Q1-Q3

YoY

Full Year

vs Fcst.

Results

Results

Forecast

Results

Results

Forecast

Chemical

7,160

7,410

+3.5%

9,700

76.4%

Amount

96,743

103,303

+6.8%

138,200

74.7%

Products

MarginProfit

7.4%

7.2%

ー

7.0%

ー

Laminates

15,238

16,870

+10.7%

21,800

77.4%

Amount

& Building

78,131

81,482

+4.3%

111,800

72.9%

Materials

19.5%

20.7%

ー

19.5％

ー

Profit

Margin

[Adjustments]

-2,895

-3,081

ー

-4,300

ー

Amount

19,503

21,199

+8.7%

27,200

77.9%

Amount

Total

174,875

184,785

+5.7%

250,000

73.9%

MarginProfit

11.2%

11.5%

ー

10.9％

－

ⒸAica Kogyo Co., Ltd.

3

3. Capital Policy and Cash Allocation (FY23-26)

Cash Inflow total 110 JPY billion

Cash Outflow total 110 JPY billion

Non-Operating

Assets

Operating

Cash Flow

4.0

106.0

52.0

54.0

2.3

1.7

Growth

Sale of Cross- Investment Shareholdings, etc

Expansion of

High-Value-

Capital

Added Products

Investment

Share

Buyback

Dividend

29.0

40.0

10.0

31.0

Plan of

Approximately JPY

10 Billion per Year

Flexible Share

Buybacks

6.0

4.0

16.6

Progressive

Dividend

14.4

[JPY billion]

Legend

Plan

25.0

FY25-26

M&A, etc

Results

& Outlook

4.0

21.8

FY23-24

18.2

In the event of CB conversion, treasury shares will be used to minimize dilution*

Treasury Shares as of

Mar. 2023: 3,627K

Total Cash Inflow

Operating

Non-Operating

Total Cash Outflow

Dividend

Share Buyback

Capital

Growth

(Mid-Term Plan)

Cash Flow

Assets

(Mid-Term Plan)

Investment

Investment

*A portion of treasury shares will also be utilized for executive and employee compensation

Over the next two years (FY25-26), we plan to expand both shareholder returns and growth investments

ⒸAica Kogyo Co., Ltd.

4

4. Capital Policy and Dividends Per Share

Interim Dividends

Year-end Dividends

Per Share

Per Share

Annual dividend until FY2023:

Increase in dividends for 15 consecutive years No dividends reduction for 26 consecutive years

The progressive dividend policy will continue with plans to also increase dividends for FY2024

85

47

92

50

103

56

106

57

107

58

108

58

109

59

112

60

122* [JPY]

66*

(Forecast)

28

13

15

30

15

15

32

17

15

34

17

17

36

19

17

38

19

19

43

23

20

46

25

21

38

42

47

49

49

50

50

52

56

FY2008

FY2010

FY2012

FY2014

FY2016

FY2018

FY2020

FY2022

FY2024

* Year-end dividends for FY2024 is current forecast value

The dividend plan for FY2024 has been revised to increase by JPY 10

from the previous fiscal year's actual dividend, reaching JPY 122 (Previous Forecast at 116 JPY)

ⒸAica Kogyo Co., Ltd.

5

  • Appendix 】 Overseas Sales by Segment

Chemical Products

Laminates

  • Building Materials

Total

[JPY billion]

FY2023

FY2024

Q1-Q3 Results

Q1-Q3 Results

Net Sales

Overseas

Net Sales

YoY

Overseas

Sales Ratio

Sales Ratio

68.49

70.8%

73.76

+7.7%

71.4%

14.86

19.0%

14.84

-0.1%

18.2%

83.36

47.7%

88.61

+6.3%

48.0%

ⒸAica Kogyo Co., Ltd.

6

【 Appendix 】 Sales Breakdown for Chemical Products

[JPY billion]

Adhesives

[Of which, AAP* Group]

Construction Resins

Specialty &

Performance Materials

Other

FY2023

Q1-Q3

Full Year

Results

Results

68.07

91.94

[52.80]

[71.63]

7.77

10.31

11.64

15.86

9.24

12.17

Q1-Q3

Results

71.11

[55.33]

8.32

13.40

10.46

FY2024

YoY

Full Year

vs Fcst.

Forecast

+4.5%

97.00

73.3%

[+4.8%]

[75.80]

[73.0%]

+7.0%

11.00

75.6%

+15.1% 17.60 76.2%

+13.1% 12.60 83.0%

Total

96.74

130.30

103.30

* AAP: AICA Asia Pacific

+6.8% 138.20 74.7%

ⒸAica Kogyo Co., Ltd.

7

  • Appendix 】 Results for Chemical Products

Net Sales by Country

[JPY Billion]

Indonesia

Others

Japan

China

Thailand

Vietnam

FY22

27.26

25.30

15.82

11.32

9.09

18.99

Q1-Q3

FY23

28.24

20.62

13.15

11.22

8.02

15.46

Q1-Q3

FY24

29.53

21.52

12.90

11.22

10.89

17.21

Q1-Q3

Overseas Group

AAP* Group

*AAP: AICA Asia Pacific

Net Sales

Operating Profit

61.96

55.33

7

60

52.80

6

40

5

4.04

4.19

20

3.76

4

0

3

FY22

FY23

FY24

Q1-Q3

Q1-Q3

Q1-Q3

[JPY Billion]

EMC* Group

*EMC: Evermore Chemical Industry

[Before Goodwill Amortization and Consolidation Elimination]

Net Sales

Operating Profit

12

10.17

9.33

0.9

8

7.84

0.7

0.40

0.5

0.24

4

0.3

--0.090.1

0 △ 0.1

FY22 FY23 FY24

Q1-Q3 Q1-Q3 Q1-Q3

Japanese Sales Breakdown

Net Sales

Operating Profit

Net Sales

Operating Profit

[JPY Billion]

Adhesives

Construction Resins

Specialty & Performance

14.81

15.39

Materials

14.77

7.29

7.70

8.20

4.68

4.36

4.02

FY22

FY23

FY24

FY22

FY23

FY24

FY22

FY23

FY24

Q1-Q3

Q1-Q3

Q1-Q3

Q1-Q3

Q1-Q3

Q1-Q3

Q1-Q3

Q1-Q3

Q1-Q3

ⒸAica Kogyo Co., Ltd.

8

【 Appendix 】 Sales Breakdown for Laminates & Building Materials

High Pressure Laminates

[HPL]

Decorative Polyester Boards,

Decorative Films

Melamine Fire Retardant

Decorative Panels "CERARL"

Fire Retardant / Noncombustible

Decorative Panels

Building and Housing

Materials

Total

FY2023

Q1-Q3

Full Year

Results

Results

24.79 34.32

9.01

12.41

17.33

23.25

5.54

7.52

21.44

28.80

78.13 106.32

Q1-Q3

Results

25.75

9.13

17.68

5.68

23.22

81.48

[JPY billion]

FY2024

YoY

Full Year

vs Fcst.

Forecast

+3.9%

37.00

69.6%

+1.4%

12.70

72.0%

+2.0%

24.30

72.8%

+2.4%

7.70

73.8%

+8.3%

30.10

77.2%

+4.3%

111.80

72.9%

ⒸAica Kogyo Co., Ltd.

9

  • Appendix 】 Results for Laminates & Building Materials

Net Sales by Country

Japan

Overseas

FY22

FY22

59.29

13.71

Q1-Q3

Q1-Q3

FY23

63.27

14.86

FY23

Q1-Q3

Q1-Q3

FY24

66.63

14.84

FY24

Q1-Q3

Q1-Q3

Overseas Sales by Country

[JPY Billion]

China

India

Indonesia

Others

Thailand

Vietnam

3.81

2.62

1.84

1.76

1.13

2.52

4.36

2.57

2.12

1.81

1.14

2.83

3.72

2.74

2.64

2.19

0.84

2.69

Japanese Sales Breakdown

[JPY Billion]

High Pressure Laminates

Decorative Polyester Boards,

Melamine Fire Retardant

Fire Retardant

Building and Housing

[HPL]

Decorative Films

Decorative Panels

/ Noncombustible

Materials

"CERARL"

Decorative Panels

23.22

19.43

21.44

17.04

15.48

16.66

9.54

10.58

11.45

8.91

8.99

9.12

5.84

5.54

5.68

FY22

FY23

FY24

FY22

FY23

FY24

FY22

FY23

FY24

FY22

FY23

FY24

FY22

FY23

FY24

Q1-Q3

Q1-Q3

Q1-Q3

Q1-Q3

Q1-Q3

Q1-Q3

Q1-Q3

Q1-Q3

Q1-Q3

Q1-Q3

Q1-Q3

Q1-Q3

Q1-Q3

Q1-Q3

Q1-Q3

ⒸAica Kogyo Co., Ltd.

10