Artience Co.ltd TSE:4634
Artience : Supplemental data of FY2025 Financial Results
Source: MarketScreener
artience Co.,Ltd.
TSE Code: 4634
February 13, 2026
FY2025 Performance Overview
- Performance Highlights ： Revenue decreased Y on Y; however, excluding the impact of stronger yen, revenue increased on a real basis. Operating profit recovered Q on Q from the beginning of the fiscal year, surpassing the previous year and reaching a record high. However, impairment losses were recorded for CNT dispersion facilities in North America and Europe.
- Overseas: Strong performance in optical adhesives for displays and coatings for cans drove profit growth.
-
Domestic: Structural reforms progressed, improving profitability in pigments. Liquid inks also contributed
to profit growth through market share expansion.
- CNT Dispersion for LiB: Sales exceeded the previous year, but losses expanded.
CF Materials: Despite partial price revisions, we failed to capture increased demand in China, resulting in lower revenue and profit.
Profit attributable to owners of parent: Net income decreased due to several factors: impairment losses recorded at the new Kentucky facility in the U.S. and the Hungarian facility amid sluggish EV-related LiB market conditions, as well as increased tax burden from tax law changes in Turkey.
Recording of Impairment Losses
With the EV market faring particularly badly under the new U.S. administration, shipments of CNT dispersions are expected to be weak. In Europe, while shipments are steady, market recovery will require more time to reach initially assumed capacity is fully utilized.
Location | Segment / Business | Amount | Primary Factors |
Kentucky, USA | Colorants and Functional Materials / CNT Dispersions | 4.95 billion yen | Postponement of operation plans due to significant slowdown in EV market growth. |
Hungary | Colorants and Functional Materials / CNT Dispersions | 1.26 billion yen | Decreased capacity utilization due to significant slowdown in EV market growth. |
Zhuhai, China | Polymers and Coatings / Pressure sensitive adhesives | 0.97 billion yen | Continued operating losses, reflecting a slow market transition from solvent-based to water-based adhesives in line with VOC regulations |
Domestic plant | - | 0.09 billion yen | Full write-down of idle assets |
Total | - | 7.27 billion yen | - |
FY2025 Business Performance
Results for FY2024 | Results for FY2025 | Increase/ decrease(%) | FY2026 Forecast | |
Net sales | 351.1 | 350.0 | -0.3 | 360.0 |
Operating profit | 20.4 | 20.8 | 1.7 | 23.0 |
Ordinary profit | 21.0 | 20.9 | -0.6 | 22.5 |
Profit attributable to owners of parent | 18.5 | 10.3 | -44.2 | 21.0 |
Operating margin | 5.8% | 5.9% | ＋0.1 (point) | 6.4% |
Overseas sales ratio | 55.4% | 55.1% | -0.3 (point) |
As at Dec. 31, 2024 | As at Dec. 31, 2025 | Increase/ decrease(%) | |
Current assets | 245.3 | 227.7 | -7.2 |
Fixed assets | 227.5 | 234.9 | 3.3 |
Total assets | 472.8 | 462.6 | -2.2 |
Current liabilities | 139.5 | 106.1 | -23.9 |
Long-term liabilities | 59.6 | 79.3 | 33.1 |
Total liabilities | 199.0 | 185.4 | -6.9 |
Total net assets | 273.8 | 277.2 | 1.3 |
Total of liabilities and net assets | 472.8 | 462.6 | -2.2 |
As at Dec.31,2024 | As at Dec.31,2025 | |
Interest-bearing debt(1billion yen) | 83.9 | 66.7 |
New worth ratio(%) | 55.4 | 57.5 |
D/E ratio | 0.39 | 0.32 |
As at Dec. 31, 2024 | As at Dec. 31, 2025 | |
Consolidated subsidiaries | 56 | 56 |
Equity method companies | 4 | 5 |
FY2025 | First Half | Year End (forecast) |
Dividend (yen/1share) | 50 | 50 |
(unit：1 billion yen) (unit：1 billion yen)
Performance by Segment
4th 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 | 11.0 | 0.5 | -3.9 | -4.3 | 18.9 | - | 39.5 | 0.6 | -5.3 | -56.2 | ||
Overseas | 15.5 | 0.8 | -1.2 | 99.5 | -4.2 | 292.2 | 62.0 | 1.4 | -3.2 | -30.9 | |||
Total | 21.1 | 0.9 | -0.0 | 72.3 | -3.5 | 45.6 | 84.3 | 2.3 | -2.1 | -33.1 | |||
Polymers and Coatings | Japan | 13.9 | 0.5 | -4.4 | 12.8 | 0.8 | -29.4 | 55.1 | 2.1 | -1.8 | -14.5 | ||
Overseas | 12.6 | 1.8 | 4.7 | 33.1 | 3.4 | 11.3 | 46.9 | 6.1 | 1.5 | 30.5 | |||
Total | 23.5 | 2.4 | -0.1 | 27.9 | 2.7 | 4.1 | 90.3 | 8.3 | 2.0 | 15.9 | |||
Packaging | Japan | 12.4 | 0.8 | -2.0 | -4.0 | 1.4 | 14.1 | 48.3 | 2.7 | 2.1 | 13.0 | ||
Overseas | 13.1 | 0.8 | 5.5 | 3.8 | 9.0 | 15.8 | 46.4 | 2.8 | 0.2 | -9.2 | |||
Total | 24.9 | 1.6 | 2.1 | 0.5 | 5.5 | 14.3 | 92.5 | 5.5 | 1.1 | 0.9 | |||
Printing and Information | Japan | 11.1 | 0.7 | 3.6 | 67.5 | 10.2 | 42.2 | 40.7 | 1.8 | 1.8 | 24.6 | ||
Overseas | 11.9 | 0.6 | -0.7 | -2.3 | -3.5 | -15.3 | 46.5 | 2.7 | -5.1 | -22.9 | |||
Total | 21.4 | 1.3 | 0.3 | 28.4 | 2.9 | 12.3 | 81.0 | 4.5 | -2.8 | -7.3 | |||
Others | 1.7 | -0.1 | 3.9 | - | 16.4 | - | 5.7 | 0.3 | -1.6 | - | |||
Adjustment | -1.0 | -0.1 | - | - | - | - | -3.8 | -0.1 | - | - | |||
Total consolidated | 91.5 | 5.9 | 0.7 | 27.5 | 2.1 | 7.0 | 350.0 | 20.8 | -0.3 | 1.7 | |||
(Note) The segment performance for Japan and overseas does not take into account eliminations between regions.
5
Performance by Segment (Quarterly Trends)
FY2024 | FY2025 | |||||||||||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | |||||||||||
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 | 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 | 11.0 | 0.5 | |
Overseas | 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 | 15.5 | 0.8 | ||
Total | 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 | 21.1 | 0.9 | ||
Polymers and Coatings | Japan | 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 | 13.9 | 0.5 | |
Overseas | 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 | 12.6 | 1.8 | ||
Total | 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 | 23.5 | 2.4 | ||
Packaging | Japan | 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 | 12.4 | 0.8 | |
Overseas | 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 | 13.1 | 0.8 | ||
Total | 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 | 24.9 | 1.6 | ||
Printing and Information | Japan | 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 | 11.1 | 0.7 | |
Overseas | 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 | 11.9 | 0.6 | ||
Total | 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 | 21.4 | 1.3 | ||
Others | 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 | 1.7 | -0.1 | ||
Adjustment | -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 | -1.0 | -0.1 | ||
Total consolidated | 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 | 91.5 | 5.9 | ||
(Note) The segment performance for Japan and overseas does not take into account eliminations between regions.
6
Performance by Location
FY 2025 | 4th 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 | 50.1 | 2.3 | -1.8 | 23.2 | 7.1 | 16.7 | 189.2 | 7.5 | -1.0 | 2.7 | ||
Asia | 37.0 | 3.1 | 0.3 | 25.1 | -2.2 | 10.0 | 144.4 | 10.8 | -1.3 | 14.7 | ||
Europe | 10.0 | 0.3 | 5.6 | -41.5 | 16.3 | 699.6 | 33.3 | 0.5 | 0.8 | -72.4 | ||
The Americas | 5.9 | 0.6 | 9.5 | 354.2 | -3.2 | 58.6 | 23.7 | 1.6 | -5.9 | -11.8 | ||
Adjustment | -11.4 | -0.4 | - | - | - | - | -40.6 | 0.3 | - | - | ||
Total consolidated | 91.5 | 5.9 | 0.7 | 27.5 | 2.1 | 7.0 | 350.0 | 20.8 | -0.3 | 1.7 | ||
Total consolidated
（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 |
81.7 | 4.4 | 90.5 | 6.2 | 87.9 | 5.2 | 90.9 | 4.6 |
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 |
351.1 | 20.4 |
Japan |
Asia |
Europe |
The Americas |
Adjustment |
7 (Note) Inter-regional transactions and Company-wide expenses have not been deducted from the figures for each geographical area above.
FY2026 Forecast of Consolidated Business Performance
Results for FY2025 | Forecasts for FY2026 | |
Net sales | 350.0 | 360.0 |
Operating profit | 20.8 | 23.0 |
Ordinary profit | 20.9 | 22.5 |
Profit attributable to owners of parent | 10.3 | 21.0 |
Operating margin | 5.9% | 6.4% |
Overseas sales ratio | 55.1% | - |
ROE | 3.9% | 8.0% |
Assumed indexes for targets
(Unit:1 billion yen)
Increase/decrease (%) |
2.9% |
10.8% |
7.7% |
103.1% |
+0.5 (point) |
- |
＋4.1 (point) |
2024 Avg. | 2025 Avg. | 2026 Projections | ||
Exchange rate | 1 USD | ¥152.2 | ￥149.8 | ¥150.0 |
1 EUR | ¥164.4 | ￥169.5 | ¥170.0 | |
1 RMB | ¥21.1 | ￥20.9 | ¥20.0 | |
2024 Avg. | 2025 Avg. | 2026 Projections | ||
Raw material | Naphtha(/KL) | ¥75,400 | ¥67,125 | ¥65,000 |
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.