Financial Data

Performance Report

FY25Q3 Financial Results Summary（April 1, 2025 - December 31, 2025）

Highlights

Operating results

During the period under review, although the yen appreciated compared with the same period of the previous fiscal year and the first half of the previous fiscal year included sales of Phosphor films as well as a buildup of new deliveries of Anti-reflection films (ARF) for automotive applications, net sales increased as a result of growth in high-value-added products such as optical semiconductors for data centers and Pre-cut Anisotropic conductive films (ACF) for camera modules; however, business profit decreased due to higher fixed costs associated with growth investments in the optical semiconductor business.

Net Sales

87,296Million yen

YoY change 0.2% up

Business profit

31,471Million yen

YoY change 1.2% down

Profit before tax

30,559Million yen

YoY change 5.9% down

Profit

21,267Million yen

YoY change 8.9% down

Segment Summary

Optical Materials & Components

(Unit: JPY Mil)

Net Sales
Business profit
  • The Optical films product category reported a year-on-year decrease in sales due to the impact of sales in the previous period, which included Phosphor films and a buildup of new deliveries of Anti-reflection films (ARF) for automotives, as well as a delay in the delivery timing of ARF for laptop PC displays in the third quarter.
  • The Optical resin materials product category reported a year-on-year decrease in sales as shipment volumes decreased for certain models using Optical elastic resins (SVR), despite an increase in shipment volumes for certain models adopting Smart precision Adhesives.
Electronic Materials & Components

(Unit: JPY Mil)

Net Sales
Business profit
  • The Anisotropic conductive films (ACF) product category reported a year-on-year increase in sales as usage of high-value-added Pre-cut ACF for camera modules increased, despite the impact of pull-forward demand in the previous fiscal year for display-related ACF.
  • The Surface mount fuse product category reported a year-on-year increase in sales due to a recovery in production following the completion of inventory adjustments by a major customer for products for power tools in the previous fiscal year, in addition to continued sales of BBU (battery backup units) for data centers.
  • The Photonics product category reported a year-on-year increase in sales due to an increase in the shipping quantity of high-speed response photodiodes for optical transceivers and monitor photodiodes for telecommunications equipment in optical semiconductors.

FY25Q3 Business Profit Analysis (YoY)

Excluding FX effects, business profit increased, as negative impacts from Phosphor films sales termination and an increase in fixed costs, particularly in optical semiconductors, were offset by the expansion of high-value-added products.

  • (Note) DXPS is an abbreviation for Dexerials Photonics Solutions Corporation, a consolidated subsidiary engaged in Photonics domain.

FY25 Earnings Forecast : No change

Despite the anticipated surge in memory prices for mobile IT products as well as intensifying competition in the Chinese automotive market, the Company aims to achieve the revised plan disclosed in November 2025.

  • (Notes) Profit shall be read as profit attributable to owners of parent
    Earnings per share shall be read as basic earnings per share
    Earnings and dividend per share: The Company conducted a 3-for-1 stock split of common stock, effective October 1, 2024. The above earnings
    and dividends per share figures assume that the stock split was conducted at the beginning of FY24
    Total payout ratio = (Total annual dividends + Total share repurchased excluding ones for incentive purposes) / profit × 100
    EBITDA = Business profit + Depreciation expense recorded as costs of selling, general and administrative expenses
Net Sales

114,000Million yen

YoY change 3.3% up

Business profit

39,000Million yen

YoY change 2.4% up

Profit before tax

38,500Million yen

YoY change 2.2% down

Profit

26,000Million yen

YoY change 6.3% down

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