To Our Shareholders and Investors:
I want to express my gratitude for your interest in Dexerials.
In fiscal year 2024, the first year of our Mid-Term Management Plan 2028 “Achieving Evolution,” we faced growing uncertainty in the business environment, including heightened geopolitical risks and volatile exchange rates. Despite these challenges, we achieved record highs in net sales, business profit, and profit, driven by the expansion of our unique high-value-added products—such as Anisotropic conductive films (ACF) and Anti-reflection films—as well as favorable foreign exchange impacts. In fiscal year 2025, uncertainty surrounding U.S. tariff policies and exchange rate trends has increased. Nevertheless, we are making steady progress toward the goals outlined in our Mid-Term Management Plan 2028. We will continue to expand our growth areas—the automotive and photonics businesses—while deepening and enhancing the quality of our existing businesses and further evolving our solid management foundation.
In the growing automotive business, technological trends such as the increasing size of displays continue. Alongside this, the adoption of Anti-reflection films is steadily expanding, driven by the acquisition of new projects. In the photonics business, we are accelerating capital investment to meet the strong demand for optical semiconductors for data centers. In addition, we have secured projects that contribute to the advancement of photo-electric fusion technologies aimed at addressing social challenges, such as increased power consumption driven by the widespread adoption of generative AI. In our established business domains, we anticipate continued growth in particle-arrayed ACFs—particularly those that only Dexerials can provide—driven mainly by demand in the smartphone market. We are also preparing for the launch of operations at our new plant in Kanuma, scheduled for fiscal year 2026. As part of the evolution of our management foundation, we are committed to building a resilient organization capable of effectively responding to the rapid and significant changes in the external environment.
Fiscal year 2025 will be a pivotal year as we lay the groundwork for accelerated growth from fiscal year 2026 onward. We aim to achieve sustainable growth and enhance corporate value by making strategic investments for growth while maintaining a balanced approach to shareholder returns.
We look forward to your ongoing support.
