Artience Co.ltd TSE:4634
Artience : Supplemental data of FY2025 First Half Financial Results
Source: MarketScreener
artience Co.,Ltd. TSE Code: 4634
August 8, 2025
Points of results
Results for 1H, FY2025
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First Half of FY2025 Summary: Both sales and profit decreased. Compared to the previous year, when conditions were favorable, the polymers and coatings and packaging materials segments were solid, but CNT dispersions were weak, which resulted in a decrease in profit.
- Overseas, strong performance was achieved by optical pressure sensitive adhesives for displays and functional films for mobile terminals in China. In Japan, sales increased due to growth in demand for certain products and price revisions. Sales of CNT dispersions for LiBs were on a recovery trend but the deficit increased. For CF materials, prices of some products were revised, but sales decreased given an inability to tap into the growth of demand in China. The impact of the North American tariffs was minor, but sales of products produced in Mexico decreased due to the wait-and-see trend in the market.
- Ordinary profit: Foreign exchange losses were generated due to the strong yen and the weak lira, and non-operating income and expenses deteriorated the previous fiscal year, when foreign exchange gains were posted.
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Share buyback (up to 10 billion yen or 4.5 million shares) and share cancellation (3 million shares, 5.63% of total shares outstanding) announced.
FY2025 Outlook
- Full-year outlook: The cost of up-front investment will increase while sales of CNT dispersions are weak, and operating profit is expected to be below 20 billion yen.
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Business outlook:
- Overseas, growth businesses (including adhesives and liquid inks) are expected to continue growing, particularly in India and Southeast Asia. Optical pressure sensitive adhesives in China are expected to grow significantly although the momentum will ease.
In Japan, profit will be secured by continuing cost cutting and price revisions. Impact of the U.S. tariffs on market conditions and currency trends are a concern.
CF materials will continue to see a challenging business environment. Sales of CNT dispersions for LiBs will increase with a recovery in demand in Europe and shipments for a major customer in China, but the amount of sales is expected to be around 5 billion yen. Demand for printing and information segment's products will be sluggish due to rising prices of paper.2
FY2025 First Half Business Performance
1H, FY2024 | 1H, FY2025 | Increase/ decrease(%) | FY2025 Forecast(revised) | |
Net sales | 172.3 | 168.7 | -2.0 | 355.0 |
Operating profit | 10.6 | 9.4 | -11.2 | 19.0 |
Ordinary profit | 12.4 | 8.6 | -30.2 | 18.0 |
Profit attributable to owners of parent | 9.4 | 5.5 | -41.5 | 15.5 |
Operating margin | 6.1% | 5.6% | -0.5 (point) | 5.4% |
Overseas sales ratio | 56.0% | 54.2% | -1.8 (point) |
As at Dec. 31, 2024 | As at Jun. 30, 2025 | Increase/ decrease(%) | |
Current assets | 245.3 | 221.7 | -9.6 |
Fixed assets | 227.5 | 223.2 | -1.9 |
Total assets | 472.8 | 445.0 | -5.9 |
Current liabilities | 139.5 | 119.4 | -14.4 |
Long-term liabilities | 59.6 | 63.1 | 5.9 |
Total liabilities | 199.0 | 182.5 | -8.3 |
Total net assets | 273.8 | 262.5 | -4.1 |
Total of liabilities and net assets | 472.8 | 445.0 | -5.9 |
(unit：1 billion yen) (unit：1 billion yen)
As at Dec.31,2024 | As at Jun.30,2025 | |
Interest-bearing debt(1billion yen) | 83.9 | 76.1 |
New worth ratio(%) | 55.4 | 56.6 |
D/E ratio | 0.39 | 0.35 |
As at Dec. 31, 2024 | As at Jun. 30, 2025 | |
Consolidated subsidiaries | 56 | 56 |
Equity method companies | 4 | 5 |
FY2025 | First Half | Year End (forecast) |
Dividend (yen/1share) | 50 | 50 |
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Performance by Segment
2nd 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 | 10.3 | 0.2 | -4.6 | -56.5 | 14.6 | - | 19.3 | 0.1 | -5.2 | -88.6 | ||
Overseas | 15.9 | 0.4 | -10.7 | -62.9 | 10.5 | 873.8 | 30.3 | 0.4 | -7.3 | -69.0 | |||
Total | 21.6 | 0.3 | -8.7 | -77.0 | 9.2 | -35.9 | 41.4 | 0.8 | -5.6 | -62.5 | |||
Polymers and Coatings | Japan | 14.2 | 0.6 | -2.8 | -31.3 | 7.2 | 128.2 | 27.5 | 0.9 | 0.6 | -29.5 | ||
Overseas | 11.3 | 1.4 | -7.0 | 16.2 | 3.6 | 5.8 | 22.2 | 2.7 | -1.4 | 25.6 | |||
Total | 22.6 | 2.1 | -0.5 | -3.9 | 6.6 | 29.7 | 43.8 | 3.7 | 2.8 | 5.3 | |||
Packaging | Japan | 12.1 | 0.6 | 4.0 | 1.9 | 4.2 | -2.2 | 23.7 | 1.2 | 5.5 | 15.0 | ||
Overseas | 10.9 | 0.7 | -7.8 | -1.3 | 4.5 | 31.1 | 21.3 | 1.3 | -6.2 | -11.0 | |||
Total | 22.5 | 1.3 | -2.1 | 0.1 | 4.2 | 14.0 | 44.1 | 2.5 | -0.6 | -0.7 | |||
Printing and Information | Japan | 10.1 | 0.4 | 0.7 | -8.2 | 7.7 | 65.9 | 19.5 | 0.7 | 0.9 | -5.7 | ||
Overseas | 11.0 | 0.7 | -10.6 | -28.8 | -3.4 | -8.4 | 22.4 | 1.4 | -6.8 | -19.8 | |||
Total | 19.5 | 1.1 | -6.7 | -25.3 | 0.8 | 4.5 | 38.8 | 2.1 | -4.8 | -16.9 | |||
Others | 1.4 | 0.1 | -1.3 | - | 10.2 | -45.3 | 2.6 | 0.3 | -5.0 | - | |||
Adjustment | -0.9 | 0.0 | - | - | - | 81.8 | -1.9 | 0.0 | - | - | |||
Total consolidated | 86.6 | 4.9 | -4.3 | -21.0 | 5.4 | 9.3 | 168.7 | 9.4 | -2.0 | -11.2 | |||
(Note) The segment performance for Japan and overseas does not take into account eliminations between regions.
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Performance by Location
FY 2025 | 2nd Quarter FY2024 (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 | 48.0 | 2.0 | -1.1 | -19.5 | 8.2 | 66.3 | 92.4 | 3.1 | 0.1 | -17.7 | ||
Asia | 35.3 | 2.6 | -7.6 | 2.4 | 3.2 | 11.1 | 69.6 | 4.9 | -3.0 | 12.1 | ||
Europe | 8.0 | 0.3 | -9.5 | -66.7 | 19.3 | - | 14.6 | 0.2 | -9.8 | -81.5 | ||
The Americas | 5.7 | 0.4 | -15.6 | -35.6 | -3.9 | -10.5 | 11.7 | 0.7 | -13.4 | -35.7 | ||
Adjustment | -10.5 | -0.3 | - | - | - | - | -19.6 | 0.3 | - | 740.7 | ||
Total consolidated | 86.6 | 4.9 | -4.3 | -21.0 | 5.4 | 9.3 | 168.7 | 9.4 | -2.0 | -11.2 | ||
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.
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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.
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