Presentation Materials for the Fiscal Year Ending March 2026 Results | Daicel Corporation (4202) timely disclosure

Worth reading

64In focus

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Direction

Mixed performance

Direction inferred from the company’s description.

Scale

-393

Hundreds of millions of yen

Wording

Conditional

How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFiscal year ending March 2026, full year13 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales5,796 Hundreds of millions of yen-1.2%

Operating profit421 Hundreds of millions of yen-31.0%

Ordinary income451 Hundreds of millions of yen-27.6%

Net income102 Hundreds of millions of yen-79.4%

Full-year earnings forecast

Fiscal year ending March 2027

Net Sales

5,950 Hundreds of millions of yen

Operating profit

425 Hundreds of millions of yen

Ordinary income

430 Hundreds of millions of yen

Profit attributable to owners of the parent

320 Hundreds of millions of yen

EBITDA

870 Hundreds of millions of yen

What the company explained in this material

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

FY2026 EBITDA year-on-year change

Volume impact-21

Price impact excluding foreign exchange-52

CO plant impact65

Moving-average impact-75

Expense variance and other factors-76

Foreign Exchange Effects-12

FY2027 forecast EBITDA year-on-year change

Volume impact153

Price impact excluding foreign exchange-143

CO plant impact54

Expense variance and other factors-43

Foreign Exchange Effects-5

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

Exchange rate¥150/USD

Asian methanol spot price330 USD/ton

Dubai crude oil70 USD/bbl

Domestic naphtha¥65,000/kL

Global automobile production volumeApproximately flat year on year

POM market growth rate3–4% per year

Overall server market growth rate15～20%

Semiconductor materials market growth rate6.0%

Display market growth rate3.9%

Health food market growth rateApproximately 5%

New initiatives

Continue construction of the second COC plant, with a target to begin operations during FY2027
At COC, specialize the existing plant in high-value-added applications and the second plant in environmentally friendly packaging applications
Sales partnership with Mitsui Chemicals
Integration of Polyplastics into Daicel
Cancellation of 10.8 million treasury shares
Change in reportable segments from the fiscal year ending March 2027

Key KPIsA metric the company considers important as a management benchmark.

EBITDA

Fiscal year ending March 2026854 Hundreds of millions of yen

Year on year against the same period last year-16.6%

ROE

Fiscal year ending March 20262.8 %

Year-on-year change, pp-11 %

ROIC

Fiscal year ending March 20264.2 %

Year-on-year change, pp-1.9 %

ROA

Fiscal year ending March 20261.2 %

EPS

Fiscal year ending March 2026¥38.75

COC existing plant utilization rate

80 %

Unit price and quantity metricsThese figures show sales broken down by price and volume.

Volume, unit-price and price impacts are disclosed by segment. Inflator sales volume in the Safety segment is planned to increase by slightly more than 10% year on year in the fiscal year ending March 2027.

Segment results

Medical and Healthcare

Net Sales

162 Hundreds of millions of yen

Revenue YoY (%)12.4

Operating profit

4 Hundreds of millions of yen

Operating Profit YoY (%)63.6

Smart

Net Sales

377 Hundreds of millions of yen

Revenue YoY (%)1.2

Operating profit

5 Hundreds of millions of yen

Operating Profit YoY (%)Operating loss of ¥800 million in the previous fiscal year

Safety

Net Sales

1,042 Hundreds of millions of yen

Revenue YoY (%)6.7

Operating profit

61 Hundreds of millions of yen

Operating Profit YoY (%)55

Materials

Net Sales

1,613 Hundreds of millions of yen

Revenue YoY (%)-12

Operating profit

150 Hundreds of millions of yen

Operating Profit YoY (%)-49.5

Engineering Plastics

Net Sales

2,547 Hundreds of millions of yen

Revenue YoY (%)2.7

Operating profit

192 Hundreds of millions of yen

Operating Profit YoY (%)-29.1

Other Businesses

Net Sales

54 Hundreds of millions of yen

Revenue YoY (%)-5.5

Operating profit

9 Hundreds of millions of yen

Operating Profit YoY (%)-6.3

Financial targets

ROE

Forecast for the fiscal year ending March 20279.1 %

ROIC

Forecast for the fiscal year ending March 20274.3 %

Cross-shareholdings as a percentage of consolidated net assets, including deemed shares held

Fiscal year ending March 2027: plan14.5 %

Market Size / Share

COC market sizeExpected to expand at a CAGR of more than 5% from 2026 through the first half of the 2030s

POM market growth rate3–4% per year

Overall server market growth rate15～20%

Capital expenditures

728 Hundreds of millions of yen

Annual Dividend

Fiscal year ending March 2026

Annual¥60 per share

Interim¥30 per share

End of period¥30 per share

Payout ratio

Fiscal year ending March 202663.1 %

Total payout ratio154.8 %

DOE4.4 %

Acquisition of treasury shares

137 10,000 shares

Number of Shares1,009

PeriodNovember 2025–March 2026

Treasury Share CancellationCancellation of 10.8 million shares decided

Three months of the current quarter

Fourth quarter of the fiscal year ended March 2026

Net Sales

1,548 Hundreds of millions of yen

Operating profit

96 Hundreds of millions of yen

Contents of this document
Item	Details
Document type	Presentation materials for financial results
Fiscal Period Covered	Fiscal year ending March 2026, full year
Net Sales	5,796 Hundreds of millions of yen (YoY -1.2%)
Operating profit	421 Hundreds of millions of yen (YoY -31.0%)
Ordinary income	451 Hundreds of millions of yen (YoY -27.6%)
Net income	102 Hundreds of millions of yen (YoY -79.4%)
Three months of the current quarter	Fourth quarter of the fiscal year ended March 2026 Net Sales 1,548 Hundreds of millions of yen / Operating profit 96 Hundreds of millions of yen
Full-year earnings forecast	Fiscal year ending March 2027 Net Sales 5,950 Hundreds of millions of yen / Operating profit 425 Hundreds of millions of yen / Ordinary income 430 Hundreds of millions of yen / Profit attributable to owners of the parent 320 Hundreds of millions of yen / EBITDA 870 Hundreds of millions of yen
Segment results	Medical and Healthcare Net Sales 162 Hundreds of millions of yen / Revenue YoY (%) 12.4 / Operating profit 4 Hundreds of millions of yen / Operating Profit YoY (%) 63.6 / Smart Net Sales 377 Hundreds of millions of yen / Revenue YoY (%) 1.2 / Operating profit 5 Hundreds of millions of yen / Operating Profit YoY (%) Operating loss of ¥800 million in the previous fiscal year / Safety Net Sales 1,042 Hundreds of millions of yen / Revenue YoY (%) 6.7 / Operating profit 61 Hundreds of millions of yen / Operating Profit YoY (%) 55 / Materials Net Sales 1,613 Hundreds of millions of yen / Revenue YoY (%) -12 / Operating profit 150 Hundreds of millions of yen / Operating Profit YoY (%) -49.5 / Engineering Plastics Net Sales 2,547 Hundreds of millions of yen / Revenue YoY (%) 2.7 / Operating profit 192 Hundreds of millions of yen / Operating Profit YoY (%) -29.1 / Other Businesses Net Sales 54 Hundreds of millions of yen / Revenue YoY (%) -5.5 / Operating profit 9 Hundreds of millions of yen / Operating Profit YoY (%) -6.3
Breakdown of Factors Affecting the Change	FY2026 EBITDA year-on-year change Volume impact -21 / Price impact excluding foreign exchange -52 / CO plant impact 65 / Moving-average impact -75 / Expense variance and other factors -76 / Foreign Exchange Effects -12 / FY2027 forecast EBITDA year-on-year change Volume impact 153 / Price impact excluding foreign exchange -143 / CO plant impact 54 / Expense variance and other factors -43 / Foreign Exchange Effects -5
Key KPIs	EBITDA Fiscal year ending March 2026 854 Hundreds of millions of yen / yoy_pct -16.6 Hundreds of millions of yen / ROE Fiscal year ending March 2026 2.8 % / Year-on-year change, pp -11 % / ROIC Fiscal year ending March 2026 4.2 % / Year-on-year change, pp -1.9 % / ROA Fiscal year ending March 2026 1.2 % / EPS Fiscal year ending March 2026 ¥38.75 / COC existing plant utilization rate 80 %
Unit price and quantity metrics	Volume, unit-price and price impacts are disclosed by segment. Inflator sales volume in the Safety segment is planned to increase by slightly more than 10% year on year in the fiscal year ending March 2027.
Assumptions Underlying the Business Outlook	Exchange rate ¥150/USD / Asian methanol spot price 330 USD/ton / Dubai crude oil 70 USD/bbl / Domestic naphtha ¥65,000/kL / Global automobile production volume Approximately flat year on year / POM market growth rate 3–4% per year / Overall server market growth rate 15～20% / Semiconductor materials market growth rate 6.0% / Display market growth rate 3.9% / Health food market growth rate Approximately 5%
Financial targets	ROE Forecast for the fiscal year ending March 2027 9.1 % / ROIC Forecast for the fiscal year ending March 2027 4.3 % / Cross-shareholdings as a percentage of consolidated net assets, including deemed shares held Fiscal year ending March 2027: plan 14.5 %
Annual Dividend	Fiscal year ending March 2026 Annual ¥60 per share / Interim ¥30 per share / End of period ¥30 per share
Payout ratio	Fiscal year ending March 2026 63.1 % / Total payout ratio 154.8 % / DOE 4.4 %
Acquisition of treasury shares	Amount 137 10,000 shares / Number of Shares 1,009 10,000 shares / Period November 2025–March 2026 / Treasury Share Cancellation Cancellation of 10.8 million shares decided
Capital expenditures	728 Hundreds of millions of yen
Market Size / Share	COC market size Expected to expand at a CAGR of more than 5% from 2026 through the first half of the 2030s / POM market growth rate 3–4% per year / Overall server market growth rate 15～20%
New initiatives	Continue construction of the second COC plant, with a target to begin operations during FY2027, At COC, specialize the existing plant in high-value-added applications and the second plant in environmentally friendly packaging applications, Sales partnership with Mitsui Chemicals, Integration of Polyplastics into Daicel, Cancellation of 10.8 million treasury shares, Change in reportable segments from the fiscal year ending March 2027

Items this document does not state (11)

Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

For the fiscal year ended March 2026, operating income declined due to lower acetate tow sales in the Materials business, carryover inventory, and higher depreciation expenses for new plants, among other factors. Net income declined due to the recognition of a ¥32.4 billion impairment loss at the second COC plant in Germany. For the fiscal year ending March 2027, higher sales volumes and improved operations at the CO plant are expected, while lower acetate tow selling prices, higher pulp prices, and increases in personnel and R&D expenses are also anticipated.

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