Artience : Presentation data of FY2025 Results Briefing

artience Co.,Ltd.

TSE Code: 4634

Date of Results Briefing ：February 20, 2026 Release date of Presentation data of Results Briefing ：February 19, 2026

Incubation CANVAS TOKYO (Opened October 30, 2025)

Initiative that lays the foundations for the creation of business opportunities in the medium and long term.

[Overview]

1. Open innovation

   • Participation by material startups, academia, operating companies, and investors.

   • Collaborating with more than 25 partners, including venture capital firms in Japan and abroad and universities.

2. Learning & networking

   • Promoting the development and exchange of human resources specializing in the materials field through pitch events and the introduction of research seeds.

3. Acceleration and support of social implementation

   • Aiming for the social implementation of science by bridging technologies and applications.

2

Innovation & New Business Development

≪過去の 実績≫

Materials & Deep-Tech Domain

≪過去の 実績≫

• FY2025 Consolidated Results and Segment Performance

• FY2026 Earnings Forecast and Outlook

• Progress on the Medium-Term Management Plan “artience2027”

  (Reference)

  • Consolidated BS/PL Overview

  • Performance by Segment and Location

  • Major Products and Applications

    FY2025Consolidated Results andSegment Performance

    FY2025 Consolidated Results

    	Results for FY2024	Results for FY2025	Increase/decrease (%)
    Net sales	351.1	350.0	-0.3
    Operating profit	20.4	20.8	1.7
    Ordinary profit	21.0	20.9	-0.6
    Profit attributable to owners of parent	18.5	10.3	-44.2
    Operating margin	5.8%	5.9%	＋0.1 (point)
    Overseas sales ratio	55.4%	55.1%	-0.3 (point)
    ROE	7.3%	3.9%	-3.4 (point)

    		2024 Avg.	2025 Avg.	2026 Projections
    Raw material	Naphtha(/KL)	¥75,400	¥67,125	¥65,000

    Assumed indexes for targets

    2024

    Avg.

• With the EV market faring particularly badly under the new U.S. administration, shipments of CNT dispersions are expected to be weak. In Europe, shipments are holding firm. However, until initially assumed capacity is fully utilized, market recovery will take time.

7

FY2025 Consolidated Results

• Operating profit reached a record high, reflecting recovery in each quarter from the start of the fiscal year. Pressure sensitive adhesives for displays drove business performance.

Although sales fell compared with last year when foreign exchange rates and other conditions were more favorable, growth and stable earnings base businesses such as gravure inks, can coatings and functional coating agents performed solidly. In strategic, high priority business areas, functional films and tapes and pressure sensitive adhesives for displays grew.

In Japan, profit trended upward, reflecting continued cost reduction and price revisions as well stabilized naphtha prices. CNT dispersions for LiBs were weak and color filter materials were down year on year. Overseas, however, growth businesses were steady due to a strong performance by optical pressure sensitive adhesives for displays and progress in expanding sales, mainly in India and Southeast Asia. Overall, profit increased, partly thanks to the contributions of liquid inks and pigments in Japan.

Impairment losses were recorded in relation to our new plant in Kentucky in the U.S. and our plant in Hungary due to the

slump in the LiB market. Profit fell, reflecting a greater tax burden due to tax law changes in Turkey.

Quarterly changes in net sales and operating profit

Sales Operating Profit

100.0

78.8 84.6 83.9 81.7

90.56.2

87.9 90.9

5.2

82.1

86.6 89.75.5

4.9

91.55.9

6.0

80.0

60.0

40.0

20.0

0.0

2.8

4.4

4.2

4.4

4.6

4.5

5.0

4.0

3.0

2.0

1.0

0.0

Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

8 FY2023 FY2024 FY2025

Analysis of YoY Changes in Operating Profit

FY24

-3.9

0 +0.5

+1.8

+2.1

Exchange rate fluctuation

-0.1

FY25

20.8

Increased cost

Increases in labor costs due to inflation

Sales mix change

Pressure sensitive adhesives for displays, can

Price revision

（Billion yen）

were particularly noticeable in Turkey, etc. logistics costs and other expenses also continued to rise. Depreciation for the new plant in Turkey and LiB-related

9 investments increased.

coatings, gravure inks and paper container packaging materials performed strongly. CF materials and UV curable inks showed slow profit growth.

Revisions to fair levels in response

rising raw material prices and other costs have been reflected, primarily in Japan.

FY2025 Results by Business Segment

10

• Net sales/ Operating profit

  Both sales and profit decreased. Although plastic colorants (in Japan) recovered,

  CNT dispersions for LiBs and color filter materials remained sluggish.

  Results

  FY2024

  Net sales 86.1

  21.2 20.5

  20.1

  3.9%

  23.7 21.2 21.1

  5.8%

  19.8

  21.6 21.9 21.1

  4.0%

  Operating profit 3.4

  （1 billion yen）

  3.0%

  Q3 ‘23

  2.8%

  Q4 Q1

  ‘24

  3.3%

  Q2 Q3

  2.3%

  Q4

  2.5%

  1.5%

  Q2

  2.7%

  Q3

  Q4

  Q1 ‘25

  Sales increase/ decrease

  Quarterly sales and operating margin

  Summary

  (1 billion yen)

  Color filter materials

  ( for displays)

  Plastic

  -5.4%

  In color filter materials, test sales of products manufactured in China via Chinese joint venture began in Q4. Although sales to the Chinese market were unchanged year on year, sales in the small and midsize panel market in Taiwan slowed, leading to sales decline. Color filter materials for sensors remained solid.

  Despite the effects of price revisions and cost reductions, sales and profit both declined, heavily impacted by stagnation in materials

  colorants -3.8%

  for solar cell applications in China. Plastic colorants related to home electronics and OA performed strongly in Southeast Asia, while

  those for automotive applications were unchanged year on year in North America.

  -3.8%

  Pigments Sales fell and profit rose, reflecting the contributions of cost reductions and price revisions in previous years, despite continued decline

  in pigments for offset inks.

  Inkjet inks for applications such as commercial printing and labels performed solidly, leading to gains in sales and profit. New

  11

  Others 11.4%

  electronic applications have yielded results. CNT dispersions for LiBs remained solid in Europe, but struggled due to significant slowdown in the North American market and the delayed full-scale shipments in China. We accelerated the development of new products, including products for anodes picked up pace.

  FY2025 Summary by Business Segment (Polymers and Coatings)

• Net sales/ Operating profit

  Both sales and profit increased. Optical pressure sensitive adhesives for displays in China and can coatings contributed to profit growth.

  FY2024

  Net sales

  Operating profit

  88.5

  7.2

  Results

  FY2025	YonY Increase/ decrease(%)
  90.3	2.0
  8.3	15.9

  20.8 20.6

  8.7%

  19.9

  22.7 22.3 23.6

  9.5%

  8.2%

  21.2 22.6 22.9 23.5

  9.1% 9.9% 10.0%

  7.4% 6.7%

  7.8%

  7.5%

  （1 billion yen）

  Q3 ‘23

  Q4 Q1

  ‘24

  Q2 Q3 Q4

  Functional

  films and tapes

  Adhesives

  Paints and

  Q4

  Q3

  Q2

  Q1 ‘25

  Sales increase/ decrease

  5.9%

  0.1%

  Quarterly sales and operating margin (1 billion yen)

  Summary

  Sales of functional films increased due to the expansion of sales of products for mobile terminals in China, but profit decreased due to exchange rates and high prices for silver, which is a raw material. Price revisions were annouced from the start of the year. Shipments of products related to semiconductor insulating materials for mobile communications applications also continued.

  In Japan, we moved forward with the revision of prices and the review of our raw materials supply chain for pressure sensitive adhesives. However, profit decreased, mainly due to the slow demand for products for labels. Overseas, optical pressure sensitive adhesives for displays grew significantly, driving profit growth, and we decided to expand our facilities. Among laminating adhesives, products for packaging performed strongly in Japan but affected by decline in work volume in some overseas regions.

  Can coatings increased profit in Japan through increased sales. Overseas, growth was achieved due to the expansion of

  12

  resins 4.3%

  exports to Thailand and the surrounding regions and growth of demand for products for food cans . Our market share also

  improved in Turkey through the addition of products for vegetable cans.

  FY2025 Summary by Business Segment (Packaging Materials)

• Net sales/ Operating profit

  Both sales and profit increased. Both net sales and operating profit were on par with the previous year. Performance was solid in Japan and strong in Southeast Asia and India.

  Results

  FY2024

  Net sales

  Operating profit

  91.5

  5.4

  FY2025	YonY Increase/ decrease(%)
  92.5	1.1
  5.5	0.9

  22.1 21.9 21.4 23.0 22.8 24.4

  5.2% 5.0%

  5.5% 5.8% 5.8% 6.5%

  21.6 22.5 23.6 24.9

  5.4% 5.9% 5.9% 6.4%

  （1 billion yen）

  Q3 ‘23

  Q4 Q1

  ‘24

  Q2 Q3 Q4

  Q2

  Q1 ‘25

  Sales increase/ decrease

  Quarterly sales and operating margin

  Q4

  Q3

  Summary

  (1 billion yen)

  Domestic liquid inks

  Overseas

  liquid inks

  1.4%

  -0.4%

  Both sales and profit increased. Among products for food packaging applications, inks for high priced packages showed slow growth but products for noodles and baked goods performed strongly.

  Efforts were continued to streamline production by consolidating the range of models, reducing fixed costs, and

  implementing price revisions.

  In China, we conducted reorganization to enhance production and sales systems. Demand was firm in Southeast Asia and India. In India, our local market share expanded and we decided to make additional investment in 3Q. We reviewed the supply chain to reduce costs. In Turkey, performance was weak in Q1 but recovered from Q2 with the start of operation of the new plant, and production volume and sales both exceeded last year's levels.

  FY2025 Summary by Business Segment (Printing and Information)

• Net sales/ Both sales and profit decreased. In Japan, despite a shrinking market for information-oriented printing,

Operating profit the three types of oil-based inks moved into profit and functional coatings performed well.

Results

FY2024

Net sales

Operating profit

83.3

4.9

20.1 20.8 19.9 20.8 21.2 21.4

20.8 21.4

19.3 19.5

4.9%

6.9%

5.4%

6.8% 6.5%

4.8%

5.2% 5.4% 5.6%

6.1%

（1 billion yen）

Q3 ‘23

Q4 Q1

‘24

Q2 Q3 Q4

Offset

inks

（General

inks)

Functional

inks*

Q4

Q3

Q2

Q1 ‘25

Sales increase/ decrease

-6.1%

-0.0%

Quarterly sales and operating margin (1 billion yen)

Summary

Both sales and profit decreased. In Japan, the three types of oil-based inks turned profitable due to 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, as well as sluggish sales in applications for publication and paper containers.

Both sales and profit decreased. In Japan, UV inks were strong in the areas of commercial printing and various types of cards, while products related to packaging such as paper containers and labels gave a lackluster performance due to weak demand. Overseas, sales of non-VOC inks to other sites in China were strong, while higher labor costs and customer losses in Europe resulted in lower profit. Functional coatings for high-grade paper containers performed strongly.

* Functional inks: UV inks, metal inks, and screen inks

FY2026 Consolidated Results Forecast

Assumed indexes for targets

(billion yen)

Analysis of YoY Changes in Operating Profit (Forecast)

FY25

-4.3

+1.5

+0.4

Exchange rate fluctuation

+1.3 +0.0

FY26

23.0

Increasing cost Increasing sales

Price revision

（Billion yen）

Labor costs, logistics costs and other expenses are expected to rise. Depreciation are expected to be mostly unchanged year on year despite the start of operation of new facilities.

17

In India, work to expand facilities for pressure

sensitive adhesives will be completed.

In Southeast Asia and the surrounding regions, sales expansion of packaging-related materials including ink products is expected.

In Japan, prices of products such as offset inks, UV curable inks and functional films and tapes will be revised.

FY2026 Segment Outlook

• Colorants and Functional Materials: Color filter materials are expected to benefit from growth in the panel market driven by sports events and sensor-related materials are expected to perform solidly. For CNT dispersions, deficit will be reduced, and expected to turn profitable in FY2027. We will aim for increased profit from plastic colorants through sales expansion of functional material products and cost reductions, and we will aim for increased profit from inkjet inks through sales expansion of products for soft packaging and electronics.

• Polymers and Coatings: Functional films are expected to perform on a par with the previous year through the implementation of price revisions, despite concerns over decreased shipments of terminals due to semiconductor shortages. Overseas, adhesives and coatings are likely to continue performing strongly. We will aim to expand production capacity, optimize SCM, and achieve alliance-driven sales expansion.

• Packaging Materials: Overseas, performance is expected to remain strong, mainly in Southeast Asia and India, and we will get our new factory in Turkey and our reorganized China sites on track. In Japan, we will streamline production and promote stable quality, aiming for profit growth.

  18

  FY2025 Results (Billion yen)			FY2026 Plan(Billion yen)	Increase/(Decrease) (%)
  	Net sales Operating profit		Net sales Operating profit	Net sales Operating profit
  Colorants and Functional Materials	84.3	2.3	85.0 3.5	0.8 55.3
  Polymers and Coatings	90.3	8.3	95.0 9.0	5.2 8.5
  Packaging Materials	92.5	5.5	96.0 6.0	3.8 9.8
  Printing and Information	81.0	4.5	82.0 5.0	1.2 10.4
  Others and Adjustments	1.9	0.2	2.0 -0.5	- -
  Total (Consolidated)	350.0	20.8	360.0 23.0	2.9 10.8

• Printing and Information: Overseas, we will formulate a strategy for each market centered around highly sensitive UV-curable ink and pursue sales expansion. Especially in China, we will expand sales in the East China region as a priority. In Japan, we will continue structural reforms and price revisions in line with the contraction of the information-oriented printing markets. We will steadily tap into growth areas such as products for various types of cards.

FY2023

FY2024 FY2025

FY2026

FY2029

Net sales Operating profit Operating margin ROE

322.1 billion yen

13.4 billion yen

4.2%

4.2%

351.1 billion yen

20.4 billion yen

5.8%

7.3%

350.0 billion yen

20.8 billion yen

5.9%

3.9%

400.0→360.0 billion yen 25.0→23.0 billion yen

6.4%

8.0%

500.0 billion yen

10.0% or higher

artience2027

Transformation of existing business groups into highly profitable ones

Creation of strategic,

high priority business groups

Transformation of management foundation

20

• In 2025, in existing businesses with high profitability, we made steady progress strengthening profitability. However, in strategic, high priority business groups, it took time full-scale shipments due to the impact of the external environment.

• In light of this, our operating profit for 2026 will likely fall short of the target under the Medium-term Management Plan but is still expected to increase 11% year on year nonetheless.

Basic Policy (2) Creation of strategic,

Sales (billion yen)

322.1

38.7

351.1 350.0

70.0

41.343.5

360.0

50.0

283.4 309.8 306.5 330.0 310.0

2023

2024 2025

2026 2026

initial revised

400.0

Operating profit (billion yen)

25.0

high priority business groups

mobility ＆ battery, display ＆ advanced electronics-related markets

13.4

2.7 6.5

6.6

2023

20.4

2.7

20.8

3.1

6.0

23.0

5.0

11.5

7.0

2026

revised

Basic Policy (1) Transformation of existing business groups into highly profitable ones

Growth Business

21 * Total includes other and adjustments.

Basic Policy (1)

Transformation of existing business

groups into highly profitable ones

Basic Policy (1) Transformation of existing business groups into highly profitable ones

• 2025 Results and 2026 Forecasts for Profit in Existing Businesses with High Profitability —

  • Total includes other and adjustments.

  • Business of restructuring and rebuilding strategy include next-generation businesses.

• In 2025,

  Growth Business

6.5

2023

10.5

10.5 12.0 11.5

2024

2025

2026

initial

2026

revised

6.6

8.1

7.0

8.0

7.0

2023

2024

2025

2026 2026

initial revised

-0.5

2023 2024

-0.1 -0.3 0

2025 2026 2026

initial revised

10.7 17.8 17.7 19.0 18.0

• In 2026,

expecting overseas further growth in liquid inks, pressure sensitive adhesives, and UV inks in growth business.

23

Basic Policy (1) Transformation of existing business groups into highly profitable ones

• Shift Toward Growth Drivers and Advancement of Structural Reforms—

  • Key Initiatives Over the Past Two Years:

    • Supported by stable demand in consumer-related markets, we accelerated our overseas expansion in

      India and Southeast Asia.

    • In reviewing our business portfolio, we prioritized resource allocation to growth areas and implemented structural reforms.

      Colorants and Functional Materials

Polymers and Coatings

(Overseas) Pressure sensitive adhesives and laminating adhesives

(Overseas) Can coatings

(Domestic) Pressure sensitive adhesives and laminating adhesives

(Domestic) Can coatings

24

(Overseas) Liquid inks

(Domestic) Liquid inks

Printing and Information Functional coatings

Functional inks for packaging

Note: Only representative businesses are shown.

Basic Policy (1) Transformation of existing business groups into highly profitable ones

• Changes in Business Scale and Profitability by Product Category —

  • Summary of the past two years: The quality of the portfolio improved, and profitability increased across a wide range of products.

    • Overseas, liquid inks contributed as a growth driver both in terms of business scale and profitability.

    • Pigment profitability improved as structural reforms progressed.

    • The growth potential of metal decorating inks remains a key challenge. Pigments

      Growth Business

      Stable Earnings Base Business

      Business of Restructuring and Rebuilding Strategy

      Change in

      Profitability (Past 2 Years)

      Functional coatings

      (Overseas) Can

      coatings

      Inkjet inks

      (Overseas) Laminating adhesives

      (Domestic) Pressure sensitive

      (Overseas) Pressure sensitive adhesives

      (Domestic) Offset inks

      (Overseas)

      Plastic colorants

      (Overseas) Liquid inks

      adhesives(Domestic)

      Offset inks

      UV inks

      (Overseas) Metal decorating inks

      0 ((Domestic)

      Metal

      decorating inks

      (Domestic )

      Can coatings

      Laminating adhesives

      (Domestic)

      Liquid inks

      Business Scale (Sales)

      25

      FY2025 Results Briefing

      *The vertical axis shows the degree of improvement (relative) in the level of operating profit compared

      with the previous Medium-term Management Plan period (the higher, the better).

      *The size of the circle indicates the amount of operating profit (relative).

      *For pigments, products for domestic demand are excluded.

      Basic Policy (1) Transformation of existing business groups into highly profitable ones

      Business structure that captures the growth of the global market (Polymers and Coatings

      and Packaging Materials segments）

• Macro-economic environment and our structural advantages —

  • Growth opportunities

  • Our business structure

  • Demand in consumer-related and packaging fields will expand in the medium and long term, driven by population growth and expansion of the middle-income population primarily in Asia.

  • Due to increasingly sophisticated environmental and quality requirements, the importance of stable supply chains for packaging materials and functional materials has grown.

  • Our business operations are tailored to market characteristics that require mass production capability, quality and supply stability.

  • Through optimized procurement backed by a robust network established over many years, brand power, and development systems tailored to local needs, we have built a business structure that allows us to tap into growth markets.

  • 2025 saw revenue growth centered on Asia

    • Revenue remained stable, especially in Asia, thanks to overseas capital investment and M&A in Thailand implemented under the previous Medium-Term Management Plan.

    • With the new plant in Turkey now in operation, we will strengthen the production and supply systems to capture

    growth markets and drive growth.

    ＜Overseas net sales*＞

    Polymers and coatings Packaging Materials

    46.4

    48.0

    47.2

    41.0

    38.0

    46.246.3

    46.9

    '23 '24 '25 2026

    (Target)

    (billion yen)

    26 Overseas performance does not reflect the elimination of transactions between regions.

    Basic Policy (1) Transformation of existing business groups into highly profitable ones

    Strengthening the Business Foundation through Growth Market Initiatives and

    Efficiency Investments

• Overseas Growth Investments × Domestic Efficiency Investments —

  • In November 2025, we decided on growth investments overseas and efficiency investments in Japan, reflecting

differing market environments.

(Overseas) Liquid inks

• In response to continued growth in the Indian market,

  we are strengthening our liquid ink production capacity.

  • At our Gujarat Plant in India, we have decided to expand liquid ink production facilities (scheduled to commence operations in 2028).

  • Production capacity will be increased by approximately 1.5 times to meet demand in growing markets.

  • The plant will be positioned as a core CGC hub, also targeting

exports to neighboring countries.

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

  (Domestic) Liquid inks

  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）

Basic Policy (2)

Creation of strategic, high priority

business groups

Basic policy (2) Creation of strategic, high priority business groups

中期経営計画の進捗：基本方針 (2) 戦略的重点事業の創出

• Overview and Outlook by Site : Due to the slowdown in the promising EV market in North America,

  Europe （Hungary）

  USA （GA,KY）

  China (Zhuhai)

  Japan (Fuji)

  we are also focusing non-automotive applications.

  • Two customers. Although volume and sales exceeded last year's levels, the market slowed more than initially expected.

  • We completed facility expansion work in 2025 and began local production for the second customer by Q2 of 2026.

  • One customer*. Both volume and sales exceeded last year's levels.

  • The market slowdown caused customers to postpone plans and cancel projects. As a result, the number of customers with informal

    decisions fell from four to two.

  • We reviewed plans for operations at the plant in Kentucky and recorded an impairment loss.

  • One customer. The switchover at the customer was delayed and full-scale shipments of our products was pushed back to Q2 of 2026.

  • The scope of end targeted vehicle models was expanded to include non-European vehicles. We aim to start mass production of materials for anodes by the end of the year.

  • One customer*. Demand from customer with an informal decision dried up due to the market slowdown. Companies we were targeting

    for sales expansion appeared to postpone their plans.

  • Shipments of CNT dispersions for HEVs remain strong. Progress is also being made on the development of products for all-solid-state batteries.

＊for SKon(USA), TOYOTA battery (Japan)

Sales, forecasts, and Target (billion yen) Revised target in Feb.2026

20.0

FY2025

Basic policy (2) Creation of strategic, high priority business groups

Display and Advanced Electronics Related Businesses

• Expanding earnings by tapping into market changes and also making progress in products for semiconductors —

  • Expanding earnings from products for displays, and expecting growth in products for advanced electronics.

Sensors (optical

semiconductors)

Semiconductor-related materials

Display

• The recovery of small and midsize panels is slow.

• We established a joint venture with a Chinese company and commenced production of resist inks from the end of 2025. We will aim for market share expansion and expansion of sales channels for small and medium-sized midsize panels in China.

  Advanced electronics

• We steadily produced results in relation to materials for sensors for optical semiconductors in 2025.

• We enhanced materials for next-generation sensing devices.

• Low dielectric resins used in data centers, etc. and functional films with excellent insulation and flexibility (LIOTELAN) produced results as encapsulation materials for semiconductors.

  • Significantly contributed to earnings growth in 2025.

    Optical pressure sensitive adhesives

• We responded to the market's shift to China.

• We rolled out high heat-resistance, value-added products for automotive applications.

• We expanded biomass pressure sensitive adhesives that cater to demand for environmental consideration.

Changes in the operating profit of Display & Advanced Electronics Related Businesses

6.0

4.5

3.4 3.7

2023 2024 2025 2026

(Target)

(billion yen)