FY2025 Q1Business Results Presentation Material (from April 1, 2025 to June 30, 2025)

Depreciation: +¥479 million

• Net sales: ¥9,128 million, flat YoY.

• Operating profit decreased by 905 million yen YoY due to an increase in expenses of 1.08 billion yen, including depreciation

  expenses and personnel expansion, resulting from the start of operations of new facilities.

• Ordinary profit down ¥1,131 million YoY due to FX gains recorded in the previous year.

  (Million yen)

  FY2024 1Q		FY2025 1Q		Change	%
  Net sales	9,216	9,128		(88)	(1)
  Cost of sales	6,808	7,479		+670	+10
  Gross profit	2,408	1,649		(758)	(32)
  SG&A expenses	1,105	1,251		+146	+13
  Operating profit	1,302	397		(905)	(69)
  Non-operating income	176	48		(128)	(73)
  Non-operating expenses	54	151		+97	(180)
  Ordinary profit	1,424	293		(1,131)	(79)
  Extraordinary income & losses	(26)	(1)		+25	(96)
  Profit before income taxes	1,398	292		(1,105)	(79)
  Income taxes	429	90		(338)	(79)
  Profit	968	201		(767)	(79)
  			Confidential	Copyright © Toyo Gosei Co., Ltd. All rights

  
  
  FY2025 1Q Balance sheet

• Working capital (= accounts receivable + inventories - accounts payable) increased by 458 million yen due to the production of

  certificating products following the start of operation of new facilities.

• Other current assets decreased by ¥1,219 million due to tax refunds associated with large investments completed in the previous fiscal year.

• Equity ratio at 38.5%, up 0.8 percentage points.

  (Million yen)

  Mar. 2025 ended		Jun. 2025 ended		Change		Mar. 2025 ended	Jun. 2025 ended	Change
  Current assets	24,069	23,289		(779)	Liabilities	41,032	39,604	(1,427)
  Cash and deposits	3,597	3,561		(36)	Notes and accounts payable - trade	5,676	5,694	+17
  Notes and accounts receivable - trade
  	7,371	6,520		(850)	Borrowings	27,731	27,565	(166)
  Inventories	11,053	12,379		+1,326	Other	7,624	6,345	(1,278)
  Other	2,047	828		(1,219)		0	0	+0
  Fixed assets	41,794	41,144		(649)	Net assets	24,831	24,830	(1)
  Property, plant and equipment	37,702	37,476		(225)	Shareholders' equity	24,596	24,600	+3
  Intangible assets	2,590	2,257		(333)	Valuation and translation adjustments	234	230	(4)
  Investments and other assets	1,501	1,410		(90)		0	0	+0
  Total assets	65,864	64,434		(1,429)	Liabilities and net assets	65,864	64,434	(1,429)

  
  
  FY2025 1st Half Earnings Forecast and Progress

• Net sales progress rate reached 47% of the first-half forecast, roughly in line with plan.

• Profits progress rate reached 31% in operating income and 25% in net profit due to the impact of the product certification

  period for high value-added products.

• Net sales are expected to increase toward the second half of the fiscal year, and the earnings forecasts for both the first half and the full fiscal year remain unchanged from the previously announced figures.

  (Million yen)

  	FY2025 1st Half Forecasts	FY2025 1Q Results	Progress (%)
  Net sales	19,500	9,128	47%
  Operating profit	1,300	397	31%
  Ordinary profit	1,200	293	24%
  Profit	800	201	25%
  FX Rate	¥145/$	¥145/$

  
  
  FY2025 Half-Year Forecast

• From the second quarter onwards, expect continued sales growth, mainly for advanced semiconductor materials.

• Product qualifications for the new facility are in progress.

• Net sales and operating profit expected to increase with higher mass production from new facility.

  Half-Year Forecasts: Sales & Operating profit

  +¥2.5 billion 22,000

  18,743

  19,921

  15,055

  16,901

  2Q

  Net sales

  Operating profit

  1H

  2H

  1H

  2H

  1Q Net sales

  9,128

  1H

  2H

  FY2023 FY2024 FY2025 (Forecasts)

  
  
  

  Net sales (Million yen) (Million yen) Operating profit

  25,000

  20,000

  +13%, Sales Forecast

  5,000

  4,000

  15,000 3,000

  10,000

  5,000

  0

  2,000

  1,000

  0

  
  
  (Supplementary) Completion of Major Investment: "Beyond500" Plan

• Completion of production line for materials for cutting-edge semiconductors (ArF, EUV) in September 2024, completing all

  major capital investments under Beyond 500 (current mid-term plan).

• In the fiscal year ending March 2026, maximize the utilization of completed facilities and aim to expand the supply of high value-added products through product certification and mass production.

  
  
  

  FY2023

  FY2024

  FY2025 Plan

  Production Capacity for ArF and EUV Materials Expanded 1.8x

  Photosensitive Materials Segment

  Capacity Expansion of No.4 Photosensitive Materials Plant

  Strengthening Development Capabilities

Confidential

• All large-scale Capex under current mid-term plan (Beyond 500) completed; capex down 43% YoY this fiscal year.

• Depreciation expenses increased with start-up of large-scale facilities.

• Expect to expand earnings through utilization of new facilities going forward.

Depreciation increased with start-up of operations.

Confidential

(Note):

The forecasts presented in this document are based on information currently available and certain assumptions deemed reasonable at the time of preparation.

As such, they involve various uncertainties, and actual results may differ materially from those projected due to factors such as changes in the economic environment or market conditions surrounding the company. These forecasts are not intended to constitute guarantees or promises of future performance.