Dexerials Corporation
Q2 Financial Results Briefing for the Fiscal Year Ending March 2026 November 13, 2025
Event Summary [Company Name] Dexerials Corporation [Company ID] 4980-QCODE [Event Language] JPN [Event Type] Earnings Announcement [Event Name] Q2 Financial Results Briefing for the Fiscal Year Ending March 2026 [Fiscal Period] FY2026 Q2 [Date] November 13, 2025 [Number of Pages] 24 [Time] 13:00 - 13:56(Total: 56 minutes, Presentation: 14 minutes, Q&A: 42 minutes)
Yoshihisa Shinya Representative Director and President Hidenuki Mayumi Corporate Strategy Division Deputy Division
Head
Ryota Washimori PR & IR Department General Manager
[Analyst Names]* Hiroharu Watanabe SMBC Nikko SecuritiesHidemitsu Umebayashi Daiwa Securities
Takato Watabe Morgan Stanley MUFG Securities Mikiya Yamada Mizuho Securities
*Analysts that SCRIPTS Asia was able to identify from the audio who spoke during Q&A or whose questions were read by moderator/company representatives.
Presentation Moderator: It is time to commence the financial result briefing of Q2 of the fiscal year ending March 2026 of Dexerials Corporation.First, I would like to introduce the attendees. Yoshihisa Shinya, Representative Director and President; Hidenuki Mayumi, Corporate Strategy Division Deputy Division Head; and Ryota Washimori, PR & IR Department General Manager. These are the three attendees.
The end time is scheduled for 14:00.
For today's financial briefing, after Washimori gives an overview of the financial results and the outlook for
the full year, Shinya and Mayumi will join us for a question-and-answer session.
Questions from the audience will take priority during the question-and-answer session, followed by audio questions from Zoom webinar participants.
Now, Washimori will present.
Washimori: Hello, everyone. Thank you for taking time out of your busy schedules to join us today. I am Washimori, PR & IR Department General Manager. As you were informed earlier, I would like to briefly explain the details of the financial results announced yesterday.I will follow the table of contents.
These are the financial highlights.
Although sales and profits declined YoY in H1 of the fiscal year, excluding the impact of the strong yen, both sales and business profit remained almost flat. I will provide more details later in the overview page.
The forecast for the full year has been revised upward due to better-than-expected H1 results and revision of exchange rate assumption in H2 to a weaker yen.
With regard to shareholder returns, dividends will remain as planned at the beginning of the fiscal year, and share buybacks up to JPY5 billion will be implemented. We are planning to retire all shares in January after the New year.
I will now give an overview of the financial results.
First, this is the market environment for the major applications in which our products are used and our sales trends.
Market trends were almost on par with the previous year in all markets except for laptop PCs. As for the laptop PC market, we see that replacement demand is continuing.
As for our company's trend, sales of tablets decreased due to a decrease in the volume of some models incorporating our products, and laptop PC sales were also down due to the impact of the discontinuation of phosphor film at the end of H1 of the previous fiscal year, although anti-reflection film sales were strong.
Sales of smartphones increased as the adoption of pre-cut anisotropic conductive films for camera module applications has progressed.
Automobiles sales declined due to reactionary decline following a buildup of initial deliveries of Anti-reflection films (ARF) in the previous fiscal year.