Artience Co.ltd TSE:4634

Artience : Presentation data of First Three Quarters of FY2025 Results Briefing

Published

Source: MarketScreener

‌FY2025 First Three Quarters Results Briefing‌

artience Co.,Ltd.

Date of the Results Briefing：November 21th ,2025

Release date of the presentation data of Results Briefing ：November 20 th, 2025



‌Contents

  • Today's points

  • First Three Quarters of FY2025 Summary of Consolidated Business Performance

  • First Three Quarters of FY2025 Analysis of Factors Behind YonY Difference in Operating Profit

  • First Three Quarters of FY2025 Summary by Business Segment

    • Mobility & Battery Related Business : CNT dispersions for LiBs

    • Liquid Ink Business: Overseas Growth Investments and Domestic Efficiency Investments

(Reference) Consolidated Balance Sheet and Profit & Loss Statement Performance by Segment and Location

Major Products and Applications



‌Points of results

Results for the First Three Quarters of FY2025

  • Overview: Both sales and profit decreased. Sales remained on par with the previous year despite a stronger yen compared with the weaker yen in the previous year. Operating profit has been improving since Q1. In Q3, both sales and profit increased year on year. While Polymers and Coatings and Packaging Materials segments were the performance drivers, profit from colorants and functional materials decreased due to the weak performance of CNT dispersions and CF materials.

    • Overseas, the performance of optical pressure sensitive adhesives for displays and functional films for mobile devices, among other products, remained strong in China. Gravure inks and can coatings remained strong in Japan and other countries. Among CF materials, products for small and midsize panels remained weak. The performance of UV curable inks remained below the year-ago level due to high raw material prices and increased competition in some markets. In Japan, improvements in pigments and functional coatings made progress and contributed to profit.

    • Profit attributable to owners of parent: Profit declined year on year due to a decrease in the gain on sale of investment securities.

      FY2025 outlook

  • Performance: There are no revisions to the forecast that was announced on August 8, 2025.

  • Business:

    • Products including optical pressure sensitive adhesives, functional films, and can coatings are expected to remain strong. No major change is anticipated for CF materials while the performance of sensor-related materials is expected to remain solid. Full-scale shipments of CNT dispersions for LiBs for a major customer in China are expected to begin. For UV curable inks, the aim will be to keep pace with competitive counterpart products.

    • Prices of naphtha-derived raw materials, which have been declining, are expected to stabilize. Prices of raw materials for UV curable inks and silver, among other products, are expected to remain high. The effects of cost reductions and price revisions are expected to continue.



      ‌FY2025 First Three Quarters Summary of Consolidated Business Performance

      (Unit：1 billion yen)

      Cumulative 3Q, FY2024

      Cumulative 3Q, FY2025

      Increase/decrease

      (%)

      Full year targets

      FY2025(Revised on Aug.8)

      Net sales

      260.2

      258.4

      -0.7

      355.0

      Operating profit

      15.8

      14.9

      -5.8

      19.0

      Ordinary profit

      15.0

      14.5

      -3.4

      18.0

      Profit attributable to owners of parent

      12.6

      9.7

      -23.4

      15.5

      Operating margin

      6.1%

      5.8%

      -0.3

      (point)

      5.4%

      Overseas sales ratio

      55.9%

      55.0%

      -0.9

      (point)

      -

      ROE

      -

      -

      -

      6.0%

      Assumed indexes for targets

      Cumulative 3Q, 2024 Avg.

      Cumulative 3Q, 2025 Avg.

      2025

      Projections

      Exchange rate

      1 USD

      ¥151.6

      ￥147.8

      ¥150.0

      1 EUR

      ¥164.6

      ￥165.6

      ¥155.0

      1 RMB

      ¥21.0

      ￥20.5

      ¥21.0

      3Q

      Cumulative, 2024 Avg.

      3Q

      Cumulative, 2025 Avg.

      2025

      Projections

      Raw materials

      Naphtha(/KL)

      ¥76,130

      ¥67,633

      ¥70,000

      4



      ‌FY2025 First Three Quarters Summary of Consolidated Business Performance

      Net sales

      Operating profit

      Profit attributable to owners of parent

      • Decreased Sales and Profit : Looking at the three-month period of Q3, both sales and profit increased year on year, reflecting the strong performance of Polymers and Coatings, as well as Pakaging Materials, sales of which have been growing since Q1.

Pressure sensitive adhesives for displays and functional films saw significant growth, while can coatings remained solid in Japan and other countries. CNT dispersions also increased year on year in terms of volume and sales. Liquid inks remained firm due to a recovery in Turkey, while offset inks remained sluggish in Japan and other countries.

Profit was driven by pressure sensitive adhesives for displays that captured demand related to panel production in China, as well as can coatings that tapped into new overseas demand. Functional coatings for paper containers also grew. Sales of CNT dispersions climbed, but the deficit rose on increased depreciation. Color filter materials also remained weak, with no growth in materials for small and midsize panels. In contrast to the strong performance in the previous fiscal year, UV curable inks saw lower profit due to soaring raw material prices and increased competition in some markets.

Profit declined year on year following a decrease in the gain on sale of investment securities.

（Billion yen）

FY2024

90.56.2

74.8

82.1

86.6

89.75.5

4.5

4.9

Q3

Q1

Q2

FY2025

Q3

100.0

80.0

60.0

1.9

40.0

20.0

0.0

Quarterly changes in net sales and operating profit

78.8

84.6

83.9

81.7

87.9

5.2

90.9

4.4

4.2

4.4

2.8

Sales
Operating Profit

（Billion yen）

6.0

5.0

4.0

3.0

2.0

1.0

0.0

Q1

Q2

Q3

Q4

Q1

Q2

Q4

FY2023

4.6

5



‌FY2025 First Three Quarters Analysis of Factors Behind YonY Difference in Operating Profit

3Q,FY2024

-2.6

+0.2

-1.0

Cost reductions

This produced effects, mainly in Japan, through the replacement of raw materials and reviews of production processes.

+1.8

+1.0

Exchange rate fluctuation

-0.3

3Q,FY2025

15.8

14.9

Increased cost

Labor costs, logistics costs and other

Sales mix

Profit has decreased mainly due to the sluggish

Price revision

（Unit: 1 billion yen)

expenses continue to rise due to inflation. Depreciation costs have increased with investment in LiB-related products, as well as the new site in Turkey.

performances of color filter materials and UV curable

inks, etc., despite the volume-based growth of optical pressure sensitive adhesives for displays, can coatings and gravure inks, among other materials.

Revisions to fair levels in response rising raw material prices and other costs have been reflected, primarily in Japan.



Raw material prices

Prices for different types of naphtha-

derived materials are trending lower, while those for UV-related materials, silver, oils and fat (soybean oil, etc.) are soaring.

Target for

FY2025 (billion yen)

Net sales

Operating

profit

89.0

2.5

‌FY2025 First Three Quarters Summary of Performance by Business Segment

Cumulative 3Q, FY2024 (billion yen)

Cumulative 3Q, FY2025 (billion yen)

Increase/decrease (%)

Net sales Operating

profit

Net sales Operating

profit

Net sales Operating

profit

Colorants and Functional Materials

65.0

2.9

63.2 1.4

-2.7 -51.2

Polymers and

Coatings

65.0

5.3

66.8 5.9

2.8 11.8

Packaging Materials

67.2

3.8

67.6 3.9

0.7 1.1

Printing and Information

62.0

3.9

59.6 3.2

-3.9 -16.7

Others and

Adjustment

1.1

-0.1

1.3 0.4

12.0 -

Total consolidated

260.2 15.8

258.4 14.9

-0.7 -5.8

92.0

7.5

93.0

5.4

80.0

4.5

1.0

-0.9

355.0

19.0



‌FY2025 First Three Quarters Summary by Business Segment (Colorants & Functional Materials)

21.2

  • Net sales/ Operating profit

    Both sales and profit decreased. Inkjet inks and pigments remained solid, but other products were generally below the year-ago level.

    20.5

    20.1

    21.1

    Results

    Cumulative

    3Q, FY2024

    Net sales

    Operating profit

    65.0

    2.9

    Cumulative

    3Q, FY2025

    YonY Increase/ decrease(%)

    Forecasts for

    FY2025

    63.2

    -2.7

    89.0

    1.4

    -51.2

    2.5

    '23 Q4

    '24 Q1

    Q2

    Q3

    Q4

    （Unit：1 billion yen）

    Color filter materials (Materials for displays)

    Plastic

    -6%

    Quarterly sales and operating margin (1 billion yen)

    Q3

    Q2

    Q1

    1.5%

    2.7%

    2.5%

    21.9

    21.6

    19.8

    23.7

    5.8%

    3.9%

    2.8%

    3.3%

    2.3%

    '25

    Sales increase/

    decrease

    Summary

    Although demand for LCD resist inks expanded in the Chinese market, intensified competition prevented us from fully capturing the incremental demand, resulting in only modest growth . In Taiwan, sluggish market conditions led to declines in both sales and profit. The Chinese joint venture began providing mass-production prototypes. We are also strengthening our efforts for small- and medium-sized projects . Color filter materials for sensors were strong.

    Profitability in solar-cell applications in China declined due to intensified competition . Sales in Southeast Asia remained firm partly

    colorants -3%

    due to adoption by new customers. Despite solid performances in Japan, efforts will be made to reduce costs, such as replacement partly in consideration of the impact of soaring raw material prices.

    -9%

    Pigments Profit continued to increase, partly aided by cost cutting and price revisions, although sales in terms of volume, particularly those of pigments for offset printing, continued to fall.

    7%

    Others Inkjet inks remained solid, but inventory adjustments are expected for Q4. Dispersions for LiBs remained solid in Europe, but weak in

    the United States, China and Japan. Full-scale production for a major customer in China is expected to begin in December or later.

    8



    ‌Mobility & Battery Related Businesses: CNT dispersions for LiBs
  • FY2025Q3 Overview and topics：

    Sales stood at 1.2 billion yen in 3Q alone and 3.0 billion yen on a cumulative basis. Europe continued to perform solidly. In North America, market conditions were not favorable. In China, efforts were made to expand sales to the largest battery manufacture, but the timing of full-scale shipments is expected to be postponed.

    • Hungary: Demand from SKon continued to be strong. The sales volume increased 55% year on year. Facility is being expanded for a new customer, to whom

      products will start to be supplied in 2026.

    • U.S.: Sales, which had increased before the termination of subsidies in September, resulted in the year-ago level due to weak demand from SKon. Market conditions are expected to remain sluggish.

    • Zhuhai, China: Full-scale shipments for the largest battery manufacturer is scheduled to begin around December. Products for Chinese cars will be shipped, in addition to products for European cars.

    • Japan: Demand from Toyota Battery related to HEVs remained steady. Other customers delayed plans.

  • Business outlook

Preparing for full-scale shipments to our customer in China beginning in December or later . With EV market conditions difficult in North America, the new plant in Kentucky is expected to begin operation in 2027 or later. The evaluation of products for anodes and those for LFP batteries have been evaluated, and we expect results to start being produced around 2027.

Latest targets after the August 2025 revisions

22.0

40.0

5.0

7.0

10.0

15.0

15.0

20.0



Sales, forecasts, and target

(1 billion yen)

5.2

3.2

3.6

1.2

0.9

0.6

0.9

Q3

Q2

Q1

1.2

1.1

0.7

Informal decision by one company in North America to adopt the Company's products

Informal decisions by one new customer in Europe and one in Japan to adopt our products

FY2025

Informal decisions by four companies

in North America and PEVE in Japan to adopt our products

2022 Total 2023 Total

Q1

Q2

Q3

Q4

2024 Total

2025

A major Chinese company's

informal decision to adopt

the Company's products

(Plan)

2026

(Target)

2027

(Target)

2028

(Target)

2030

(Target)

Supply to a major customer in China started

9

Start of mass production for new customers in North America

Results produced due to products

for anodes



‌FY2025 First Three Quarters Summary by Business Segment (Polymers and Coatings)

  • Net sales/ Operating profit

    Both sales and profit increased. Optical pressure sensitive adhesives for displays performed strongly overseas, as did can coatings in both Japan and overseas.

    20.6

    Cumulative

    3Q, FY2024

    Net sales

    Operating profit

    65.0

    5.3

    Results

    Cumulative 3Q, FY2025

    YonY Increase/

    decrease(%)

    Forecasts for FY2025

    66.8

    2.8

    92.0

    5.9

    11.8

    7.5

    7.4%

    19.9

    6.7%

    22.7 22.3 23.6

    9.5%

    8.2% 7.8%

    21.2 22.6 22.9

    9.1% 9.9%

    7.5%

    Q3

    Q2

    Q1

    （Unit：1 billion yen）

    '23 Q4

    '24 Q1 Q2 Q3 Q4

    '25

    7%

    Functional films

    and tapes

    Adhesives 1%

    Paints and resins 5%

    Quarterly sales and operating margin (1 billion yen)

    Sales increase/

    decrease

    Summary

    In functional films, products for mobile terminals continued to perform strongly due to the expansion of sales in China, but profit margins decreased given high raw material prices. Shipments of semiconductor-related materials developed by artience continued.

    In adhesives, optical pressure-sensitive adhesives for displays continued to expand in China . In India, demand from local converters expanded, and production was supported by transferring workers from other sites . In Japan, sales of label-related products were weak, while industrial applications such as automotive remained solid . For laminating adhesives, price revisions were delayed in Japan, while overseas sales remained firm.

    Can coatings achieved growth overseas, mainly in Thailand, due to the sales expansion of can coatings for beverage cans and increased demand for food cans. In Turkey, we have increased our market share for products for vegetable cans, among other products. Domestic profit was secured through sales expansion.



    ‌FY2025 First Three Quarters Summary by Business Segment (Packaging Materials)

  • Net sales/

    Operating profit

    Domestic sales remained solid. Overall, both net sales and operating profit increased.

    Q3

    Q2

    Q1

    24.4

    21.6

    22.5

    23.6

    5.0%

    5.5%

    5.8%

    5.8%

    6.5%

    5.4%

    5.9%

    5.9%

    '25

    Recovered from the Q1 weakness in Turkey. Our performance was strong in Southeast Asia and India.

    21.9

    21.4

    23.0

    22.8

    Cumulative 3Q, FY2025

    YonY Increase/ decrease(%)

    Forecasts for FY2025

    67.6

    0.7

    93.0

    3.9

    1.1

    5.4

    Q4

    Q2

    Q3

    Q4

    Results

    Cumulative

    3Q, FY2024

    Net sales

    Operating profit

    67.2

    3.8

    （Unit：1 billion yen）

    Quarterly sales and operating margin (1 billion yen)

    Sales increase/

    decrease

'23

'24 Q1

Summary

Domestic liquid

inks

Overseas liquid

Both sales and profit increased. Products for food packaging applications remained robust thanks to the continued expansion of sales. Despite soaring raw material prices and logistics expenses, efforts were made to streamline production by consolidating the range of models, reducing fixed costs, and implementing price revisions. We anticipate that these efforts will continue to be effective in Q4.

2%

Both sales and profit decreased. In China, efforts were made to improve efficiency by consolidating production sites. In Southeast

Asia, profit increased due to strong demand. Meanwhile, the expansion of Chinese products was confirmed in some countries. In

inks -2%

India, where our local market share is rising, we officially decided to boost production at the plant in Gujarat. The new plant in Turkey recovered from Q1 weakness, with volume and sales exceeding last year's levels, but operating profit declined due to higher depreciation and inflation accounting.



‌Liquid Ink Business: Growth Investments Overseas & Efficiency Investments in Domestic Operations

  • India - Capacity Expansion to Capture Market Growth

  • Japan - Large-Scale Efficiency Investments to Reinforce the Business Base

    Overseas （Growth Driver）

Domestic （Core Profit Base）

    • Enhance production capacity at the Gujarat Plant (approx. 1.5×). Operations are scheduled to begin in 2028, positioning the site as a core base for the growing Indian packaging market.

    • Strengthen capability to serve regional demand, including

      prospects for supply to neighboring countries.

    • Expand sustainability-oriented product offerings, including environmentally conscious solutions aligned with customer needs.



      • Gujarat Plant in India（Core Base for Growth Markets）

        Expand best practices and promote



        company-wide optimization

        Strengthen the business base through efficiency investments.

        Automation and labor-saving measures.

        • Saitama Plant（Domestic Liquid Ink Production Site）



          ‌FY2025 First Three Quarters Summary by Business Segment (Printing and Information)

          Results

          Net sales

          Operating profit

          Cumulative 3Q, FY2024

          Cumulative 3Q, FY2025

          YonY Increase/ decrease (%)

          Forecasts for FY2025

          62.0

          59.6

          -3.9

          80.0

          3.9

          3.2

          -16.7

          4.5

  • Net sales/ Operating profit

    （Unit：1 billion yen）

    Both sales and profit decreased. The domestic market for information-related printing continued to shrink, while functional inks showed signs of recovery in Q3.

    20.8

    19.9

    20.8

    21.2

    21.4

    6.8%

    6.5%

    4.8%

    '23 Q4

    '24 Q1

    Q2

    Q3

    Q4

    Q3

    Q2

    Q1

    19.3

    19.5

    20.8

    6.9%

    5.4%

    5.2%

    5.4%

    5.6%

    '25

    Quarterly sales and operating margin (1 billion yen)

    Sales increase/

    decrease

    Offset inks

    （General inks)

    -8%

    Summary

    Both sales and profit decreased. In Japan, despite a shrinking market for information-oriented printing, improvements to profit continued, reflecting ongoing reform of production and sales systems, and price revisions that incorporated logistics costs and other factors. Overseas, sheet-fed inks were stagnant due to the shrinkage of markets in China, among other countries, as well as sluggish sales in applications for publication and paper containers.

    Functional

    inks*

    -1%

    Both sales and profit decreased. In Japan, UV curable inks remained solid in applications for commercial printing and various types

    of cards. Overseas, UV curable inks increased in volume but posted lower profit due to higher raw material costs and customer

    losses. North America also posted lower profit due to the high base created by last year's election-related demand. However, overseas UV ink operations overall are expected to improve. Sales of functional coatings for paper containers grew, contributing to profit.

    ※Functional inks：UV curable ink, Metal decorative inks, Screen inks



    • ‌IR Inquiries

    [email protected]

    • Website

    https://www.artiencegroup.com

    • Major News Releases

  • Toyo Ink India to Boost Liquid Ink Production Capacity by 1.5 Times Setting sights on becoming India's

    leading producer（Nov. 20, 2025）

    https://www.artiencegroup.com/en/news/2025/25112001.html

  • TOYO INK, cooperative production, Toyobo establishes a "horizontal recycling" scheme for product

    sample sheets for vending machines （Nov. 7, 2025）

    https://www.artiencegroup.com/en/news/2025/25110701.html

  • Incubation CANVAS TOKYO, a global co-creation hub that connects technologies and ideas specialized in the materials field, opens on October 30 in Kyobashi Edgrand （Sep. 3, 2025）

https://www.artiencegroup.com/en/news/2025/25090301.html



‌(Reference) mid-term management plan artience2027 Shareholder Return Policy

  • Introduce a total payout ratio target and aim to raise the level of shareholder returns according to profit growth.

Total dividends(billion yen)

Treasury share acquisition

  • In the event of securing a profit, allocate the surplus cash to strategic investments and increased shareholder returns including treasury share acquisition while retaining the basic policy of paying stable dividends.

  • Set the total payout ratio

target at 50% or more.

Annual dividend per share(yen)

90

90

90

90

100

100

Profit attributable to owners of parent (billion yen)

6.0

9.5

9.3

9.7

18.5

15.5

19.0

(billion yen)

Total payout ratio(%)

150%

Total payout ratio (%)

87.3%

100%

114.5%

FY2026 plan

8.5

approx.102%

50% or more

10.0(max)

105.3%

Total payout ratio

49.0%

50%

0%

2020 2021 2022 2023 2024 2025

4.8

5.2

4.8

4.8

5.0

5.3

2.5

68.4%

5.7

5.0

7.5



2026

（Forecast）（Target）

*On May 9th 2025 ,announced 4.5million shares(maximum)or 10 billion yen(maximum) Treasury Share Acquisition . Period: May.12, 2025-May. 11, 2026.



‌(Reference) Consolidated Balance Sheet and Profit & Loss Statement

Cumulative 3Q,

FY2024

Cumulative 3Q,

FY2025

Increase/

decrease(%)

FY2025

Forecast

Net sales

260.2

258.4

-0.7

355.0

Operating profit

15.8

14.9

-5.8

19.0

Ordinary profit

15.0

14.5

-3.4

18.0

Profit attributable to owners of parent

12.6

9.7

-23.4

15.5

Operating margin

6.1%

5.8%

-0.3

(point)

5.4%

Overseas sales ratio

55.9%

55.0%

-0.9

(point)

As at

Dec. 31, 2024

As at

Sep. 30, 2025

Increase/

decrease(%)

Current assets

245.3

217.0

-11.5

Fixed assets

227.5

228.3

0.3

Total assets

472.8

445.2

-5.8

Current liabilities

139.5

103.3

-25.9

Long-term liabilities

59.6

76.0

27.6

Total liabilities

199.0

179.3

-9.9

Total net assets

273.8

266.0

-2.8

Total of liabilities and

net assets

472.8

445.2

-5.8

(unit：1 billion yen) (unit：1 billion yen)

As at Dec.31,2024

As at Sep. 30, 2025

Interest-bearing debt(1billion yen)

83.9

69.0

New worth ratio(%)

55.4

57.2

D/E ratio

0.39

0.32

As at Dec. 31, 2024

As at Sep. 30, 2025

Consolidated subsidiaries

56

56

Equity method companies

4

5

FY2025

First Half

Year End

(forecast)

Dividend

(yen/1share)

50

50

16



‌(Reference) Performance by Segment

3rd Quarter FY2025 (1 billion yen)

Increase/decrease(%) Year on Year

Increase/decrease(%) Quarter on Quarter

Total Results, FY 2025 (1 billion yen)

Increase/decrease(%) Year on Year

Net sales

Operating

profit

Net sales

Operating

profit

Net sales

Operating

profit

Net sales

Operating

profit

Net sales

Operating

profit

Colorants and Functional Materials

Japan

9.2

0.0

-7.0

-18.7

-10.6

-95.4

28.5

0.1

-5.8

-87.5

Overseas

16.2

0.2

3.5

-46.9

1.8

-40.1

46.5

0.6

-3.8

-63.7

Total

21.9

0.6

3.1

-16.7

1.2

84.9

63.2

1.4

-2.7

-51.2

Polymers and

Coatings

Japan

13.8

0.7

-3.9

-2.8

-3.1

5.4

41.3

1.6

-1.0

-20.2

Overseas

12.2

1.6

3.8

36.5

7.6

13.8

34.4

4.4

0.4

29.4

Total

22.9

2.3

2.7

24.1

1.4

9.5

66.8

5.9

2.8

11.8

Packaging

Japan

12.2

0.7

0.1

36.9

0.8

24.4

35.9

1.9

3.6

22.4

Overseas

12.0

0.7

7.7

-17.9

9.9

-11.3

33.3

2.0

-1.7

-13.4

Total

23.6

1.4

3.3

4.6

4.8

5.0

67.6

3.9

0.7

1.1

Printing and Information

Japan

10.1

0.5

1.6

35.9

0.0

15.1

29.6

1.1

1.1

8.2

Overseas

12.3

0.7

-6.2

-38.6

11.7

2.7

34.7

2.1

-6.6

-27.2

Total

20.8

1.2

-1.9

-16.3

7.0

10.3

59.6

3.2

-3.9

-16.7

Others

1.4

0.1

-1.2

-

3.7

14.2

4.1

0.5

-3.7

-

Adjustment

-0.9

-0.0

-

-

-

-

-2.8

-0.0

-

-

Total consolidated

89.7

5.5

2.0

4.9

3.6

12.5

258.4

14.9

-0.7

-5.8

17 (Note) The segment performance for Japan and overseas does not take into account eliminations between regions.



‌(Reference) Performance by Segment (Quarterly Trends)

(unit：1 billion yen)

FY2024

FY2024

FY2025

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Net sales

Operating profit

Net sales

Operating profit

Net sales

Operating profit

Net sales

Operating profit

Net sales

Operating profit

Net sales

Operating profit

Net sales

Operating profit

Net sales

Operating profit

Colorants and Functional Materials

Japan

10.7

0.2

9.6

0.3

10.8

0.5

9.9

0.0

11.4

0.5

9.0

-0.1

10.3

0.2

9.2

0.0

Overseas

14.7

0.3

14.9

0.3

17.8

0.9

15.6

0.4

15.7

0.4

14.4

0.0

15.9

0.4

16.2

0.2

Total

20.5

0.6

20.1

0.8

23.7

1.4

21.2

0.7

21.1

0.5

19.8

0.5

21.6

0.3

21.9

0.6

Polymers and Coatings

Japan

14.0

0.7

12.7

0.4

14.6

0.9

14.3

0.7

14.5

0.4

13.3

0.3

14.2

0.6

13.8

0.7

Overseas

9.9

0.9

10.4

1.0

12.2

1.2

11.7

1.2

12.0

1.3

10.9

1.3

11.3

1.4

12.2

1.6

Total

20.6

1.5

19.9

1.3

22.7

2.2

22.3

1.8

23.6

1.8

21.2

1.6

22.6

2.1

22.9

2.3

Packaging

Materials

Japan

11.5

0.5

10.8

0.4

11.6

0.6

12.2

0.5

12.6

0.9

11.6

0.6

12.1

0.6

12.2

0.7

Overseas

10.7

0.6

10.9

0.7

11.8

0.8

11.1

0.8

12.4

0.7

10.4

0.6

10.9

0.7

12.0

0.7

Total

21.9

1.1

21.4

1.2

23.0

1.3

22.8

1.3

24.4

1.6

21.6

1.2

22.5

1.3

23.6

1.4

Printing and Information

Japan

10.8

0.6

9.3

0.3

10.0

0.5

9.9

0.4

10.7

0.4

9.4

0.3

10.1

0.4

10.1

0.5

Overseas

11.5

0.9

11.7

0.8

12.3

0.9

13.1

1.1

11.9

0.6

11.4

0.7

11.0

0.7

12.3

0.7

Total

20.8

1.4

19.9

1.1

20.8

1.4

21.2

1.4

21.4

1.0

19.3

1.0

19.5

1.1

20.8

1.2

Others

1.5

-0.4

1.4

0.0

1.4

-0.1

1.4

-0.0

1.6

-0.3

1.2

0.2

1.4

0.1

1.4

0.1

Adjustment

-1.4

0.0

-0.9

-0.0

-1.1

-0.0

-1.1

0.0

-1.1

-0.0

-1.0

0.0

-0.9

0.0

-0.9

-0.0

Total consolidated

83.9

4.2

81.7

4.4

90.5

6.2

87.9

5.2

90.9

4.6

82.1

4.5

86.6

4.9

89.7

5.5

18 (Note) The segment performance for Japan and overseas does not take into account eliminations between regions.



‌(Reference) Performance by Location

FY 2025

3rd Quarter FY2025 (1 billion yen)

Increase/decrease(%) Year on Year

Increase/decrease(%) Quarter on Quarter

FY2025

Total Results (1 billion yen)

Increase/decrease(%) Year on Year

Net sales

Operating

profit

Net sales

Operating

profit

Net sales

Operating

profit

Net sales

Operating

profit

Net sales

Operating

profit

Japan

46.7

2.0

-2.1

27.6

-2.7

1.8

139.2

5.1

-0.7

-4.5

Asia

37.8

2.8

0.4

9.0

7.1

8.0

107.4

7.7

-1.9

11.0

Europe

8.6

0.0

18.0

-88.8

8.6

-85.6

23.3

0.2

-1.2

-83.2

The Americas

6.1

0.3

-3.1

-40.6

6.1

-1.1

17.8

1.1

-10.1

-37.3

Adjustment

-9.6

0.3

-

71.2

-

-

-29.2

0.7

-

192.1

Total consolidated

89.7

5.5

2.0

4.9

3.6

12.5

258.4

14.9

-0.7

-5.8

Total consolidated

81.7

4.4

90.5

6.2

87.9

5.2

90.9

4.6

351.1

20.4

（Note）

FY2024

( 1 billion yen )

1st Quarter

2nd Quarter

3rd Quarter

4th Quarter

Net sales

Operating profit

Net sales

Operating income

Net sales

Operating profit

Net sales

Operating profit

43.8

1.4

48.6

2.4

47.7

1.6

51.0

1.9

33.5

1.9

38.2

2.5

37.7

2.6

36.9

2.5

7.4

0.3

8.8

0.8

7.3

0.3

9.5

0.5

6.7

0.6

6.8

0.5

6.3

0.6

5.4

0.1

-9.7

0.2

-11.8

-0.1

-11.1

0.2

-11.9

-0.4

Total

Net sales

Operating

profit

191.1

7.3

146.3

9.4

33.0

2.0

25.2

1.9

-44.6

-0.2

Japan

Asia

Europe

The Americas

Adjustment

(Note) Inter-regional transactions and Company-wide expenses have not been deducted from the figures for each geographical area above.

19



‌(Reference) Supplemental Financial Data

Net sales

Operating profit

Profit attributable to owners of parent

2025

（Revised target on Aug.8）

Capital investment

Results

257.7

(Unit: 1 billion yen)

288.0

315.9 322.1

351.1 355.0

20.4

12.9

6.0

13.0

9.5

6.9

9.3

13.4

9.7

18.5

19.0

15.5

Depreciation

2020 2021 2022 2023 2024

(Unit: 1 billion yen)

*Capital investment: Results shows the amount on an acceptance inspection basis, while the targets shows the amount on an order-placing basis.

(Unit: 1 billion yen)

19.7

17.2

19.2

18.4

13.9

15.8

9.2

9.7

10.7

11.3

12.1

13.0

2020 2021

20

2022

2023

2024 2025

（targets）

2020 2021

2022

2023

2024 2025

（targets）



‌(Reference) Colorants and Functional Materials Subsegments

Subsegments

Major Products

Major Applications

CF

Materials

High functional pigments

High performance

pigments

Pastes for color filter

Pastes for color filter



Resist inks

Materials for displays

Resist inks

Display panels, Sensor for imaging

Pigments

Pigments, Pigment dispersions



Printing inks, Paints for automobiles

Plastic colorants

Master-batches

Compounds



Containers, Automobiles Home electronics OA building materials

Others

Inkjet inks

Functional dispersions



Billboards, Labels, Cartons

Lithium-ion batteries



‌(Reference) Polymers and Coatings Subsegments

Subsegment

Major Products

Major Applications

Functional films and tapes

Adhesive tapes, Functional films

Marking films



Smartphones

Signboards

Adhesives

Pressure sensitive adhesives

Laminating adhesives

Hot-melt adhesives



Labels, Displays

Packaging films, lithium-ion batteries,

solar cells

bookbinding, Body-wrapping labels for PET bottle

Paints and resins

Can coatings

resins, hard coatings



Beverage cans, food cans

Printing Inks, Architectural paints, Display

Others

Medical

Natural extracts



Transdermal patches

feeds, foods



‌(Reference) Packaging Materials, Printing and Information Subsegments

Subsegments

Major Products

Major Applications

Packaging Materials

Liquid inks

Gravure inks

Flexographic inks

Flexible packaging



(Food packaging, Refill pouches) Buildings

Diapers, Cartons, Paper bag

Gravure printing systems and prepress

Gravure printing systems,

Gravure and flexographic plate making



Printing & Information

Offset inks (General inks)

Offset inks, Newspaper inks

Books, Newspaper, Flyers, Paper containers

Functional inks

Printing materials and machinery

UV curable inks Paper containers, Labels, Books

Metal decorating ink Beverage cans, Food can

Screen inks Electronics, Stickers

Offset printing materials, printing machinery



‌Caution:

The information disclosed by the Group may contain information on business forecasts or future projections. This information is based on information available at the time of disclosure and certain assumptions that the Group deems reasonable. It may differ from actual results due to various risk factors and other uncertain factors.

The information disclosed by the Group is intended to provide information for deepening stakeholders' understanding about the Group, and it is not intended to solicit investment. Please note that the Group accepts no liability whatsoever for any monetary or non-monetary damages arising in connection with the information disclosed by the Group.

All amounts are rounded to the nearest 100 million yen.

  • IR schedule

* The schedule is subject to change without prior notice.

・FY2025Q4： Financial results announcement (February 13),

Results Briefing, Business Briefing (February 20)