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Earnings presentation4208UBE CorporationMaterials and Chemicals

UBE VISION 2030 TRANSFORMATION -2nd Stage- Management Overview

The company presented a six-year medium-term management plan covering FY2025-FY2030 and clarified its policy of shifting to specialty businesses, scaling back or discontinuing basic businesses, pursuing growth investments and improving capital efficiency. In terms of shareholder returns, the company will raise its DOE target from 2.5% or higher to 3.5% or higher, with an early goal of 4.0%.

Worth reading
61In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
3.5
DOE（%）
Wording
Conditional
How definitive the wording is.

Contents of this document

Medium-Term Management Plan PresentationFY2025 results and FY2026/FY2030 plans11 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥4,623 hundred million
Operating profit¥189 hundred million
Ordinary income¥375 hundred million
Net income¥239 hundred million
Operating profit margin
Rate4.1% (FY2025 results)
Full-year earnings forecast
Fiscal 2026
Net Sales¥485.0 billion
EBITDA¥56.5 billion
Operating profit¥23.5 billion
Ordinary income¥37.5 billion
Extraordinary Gains and Losses-¥4.0 billion
Profit attributable to owners of the parent¥24.5 billion
FY2030
Net Sales¥550 billion
EBITDA¥115 billion
Operating profit¥60 billion
Ordinary income¥65.0 billion
Extraordinary Gains and Losses-¥5.5 billion
Restructuring Costs-¥5.5 billion
Profit attributable to owners of the parent¥45 billion
What the company explained in this material
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Economic conditions in major markets
  • Supply and demand for products
  • Raw Materials and Fuel Prices
  • Interest Rates
  • Foreign Exchange Rates
New initiatives
  • Transition to a company-wide, cross-functional R&D structure led by the CTO
  • Establishment of a European headquarters and development of a global management structure through regional headquarters
  • Preparation for the listing of the Machinery and cement-related businesses on the Tokyo Stock Exchange
  • Raising the DOE target to 3.5% or more, with an early goal of 4.0%
  • Company-wide operational reform using generative AI and DX
  • Scaling back or discontinuing production of ammonia, caprolactam and nylon polymer in Thailand and Japan
Key KPIsA metric the company considers important as a management benchmark.
  • EBITDA¥46.4 billion (FY2025 results)
  • EBITDA margin10.0% (FY2025 results)
  • ROS4.1% (FY2025 results)
  • ROE5.7% (FY2025 results)
  • ROIC3.8% (FY2025 results)
  • Annual operational efficiency improvements41,000 hours
  • Technical reportsMore than 7,000
Segment results
Functional products
FY2025 revenue¥71.0 billion
FY2025 operating profit¥9.9 billion
High-performance urethane
FY2025 revenue¥46.5 billion
FY2025 operating profit-¥500 million
Pharmaceuticals
FY2025 revenue¥21.0 billion
FY2025 operating profit-¥1.3 billion
Resins and chemicals
FY2025 revenue¥248.8 billion
FY2025 operating profit¥8 billion
Machinery
FY2025 revenue¥68.4 billion
FY2025 operating profit¥6.2 billion
Other
FY2025 revenue¥34.5 billion
FY2025 operating profit¥1.9 billion
Adjustments
FY2025 revenue-¥27.9 billion
FY2025 operating profit-¥5.3 billion
Medium-term management plan targets
Target fiscal yearFY2030
Net Sales¥550 billion
EBITDA¥100.0 billion or more (the plan value in the supplementary table is ¥115.0 billion)
Operating profit¥60 billion
ROS10% or more (the plan value in the supplementary table is 11.0%)
ROE8% or more (the plan value in the supplementary table is 9.0%)
ROIC6% or more (the plan value in the supplementary table is 7.0%)
Financial targets
Debt-to-equity ratio0.58x (FY2030 target)
ROE9.0% (FY2030 target)
ROIC7.0% (FY2030 target)
ROS11.0% (FY2030 target)
Market Size / Share
  • Global No. 1 share in polyimide varnish for flexible OLEDs
  • World-leading share in ceramic bearing balls
  • CAGR of 8% or more in the global pharmaceutical market over the next 7 years
  • Market growth rates for urethane systems by application: approximately 1%-11%, depending on the application
Number of employees
Number of Employees1,683 employees, consolidated UBE Machinery Group (as of 1 April 2026)
Capital expenditures
¥3,250 100 million six-year medium-term management plan
Annual Dividend
Annual dividend per share¥160 (forecast for the fiscal year ending March 2027)
Acquisition of treasury shares
Considering share repurchases using part of the IPO proceeds from the Machinery and cement-related businesses
Contents of this document
ItemDetails
Document typeMedium-Term Management Plan Presentation
Fiscal Period CoveredFY2025 results and FY2026/FY2030 plans
Net Sales¥4,623 hundred million
Operating profit¥189 hundred million
Ordinary income¥375 hundred million
Net income¥239 hundred million
Operating profit marginRate 4.1% (FY2025 results) / Year-on-year change (points) Not disclosed
Full-year earnings forecastFiscal 2026 Net Sales ¥485.0 billion / EBITDA ¥56.5 billion / Operating profit ¥23.5 billion / Ordinary income ¥37.5 billion / Extraordinary Gains and Losses -¥4.0 billion / Profit attributable to owners of the parent ¥24.5 billion / FY2030 Net Sales ¥550 billion / EBITDA ¥115 billion / Operating profit ¥60 billion / Ordinary income ¥65.0 billion / Extraordinary Gains and Losses -¥5.5 billion / Restructuring Costs -¥5.5 billion / Profit attributable to owners of the parent ¥45 billion
Segment resultsFunctional products FY2025 revenue ¥71.0 billion / FY2025 operating profit ¥9.9 billion / High-performance urethane FY2025 revenue ¥46.5 billion / FY2025 operating profit -¥500 million / Pharmaceuticals FY2025 revenue ¥21.0 billion / FY2025 operating profit -¥1.3 billion / Resins and chemicals FY2025 revenue ¥248.8 billion / FY2025 operating profit ¥8 billion / Machinery FY2025 revenue ¥68.4 billion / FY2025 operating profit ¥6.2 billion / Other FY2025 revenue ¥34.5 billion / FY2025 operating profit ¥1.9 billion / Adjustments FY2025 revenue -¥27.9 billion / FY2025 operating profit -¥5.3 billion
Key KPIsIndicator name EBITDA / Value ¥46.4 billion (FY2025 results) / Year on year against the same period last year Not disclosed, Indicator name EBITDA margin / Value 10.0% (FY2025 results) / Year on year against the same period last year Not disclosed, Indicator name ROS / Value 4.1% (FY2025 results) / Year on year against the same period last year Not disclosed, Indicator name ROE / Value 5.7% (FY2025 results) / Year on year against the same period last year Not disclosed, Indicator name ROIC / Value 3.8% (FY2025 results) / Year on year against the same period last year Not disclosed, Indicator name Annual operational efficiency improvements / Value 41,000 hours / Year on year against the same period last year Not disclosed, Indicator name Technical reports / Value More than 7,000 / Year on year against the same period last year Not disclosed
Number of employeesNumber of Employees 1,683 employees, consolidated UBE Machinery Group (as of 1 April 2026) / Changes during the period and hiring plan Not disclosed
Assumptions Underlying the Business OutlookEconomic conditions in major markets, Supply and demand for products, Raw Materials and Fuel Prices, Interest Rates, Foreign Exchange Rates
Medium-term management plan targetsTarget fiscal year FY2030 / Net Sales ¥550 billion / EBITDA ¥100.0 billion or more (the plan value in the supplementary table is ¥115.0 billion) / Operating profit ¥60 billion / ROS 10% or more (the plan value in the supplementary table is 11.0%) / ROE 8% or more (the plan value in the supplementary table is 9.0%) / ROIC 6% or more (the plan value in the supplementary table is 7.0%)
Financial targetsDebt-to-equity ratio 0.58x (FY2030 target) / Equity ratio Not disclosed / ROE 9.0% (FY2030 target) / ROIC 7.0% (FY2030 target) / ROS 11.0% (FY2030 target)
Annual DividendAnnual dividend per share ¥160 (forecast for the fiscal year ending March 2027) / Interim and Year-End Breakdown Not disclosed
Acquisition of treasury sharesConsidering share repurchases using part of the IPO proceeds from the Machinery and cement-related businesses
Capital expenditures¥3,250 100 million (six-year medium-term management plan)
Market Size / ShareGlobal No. 1 share in polyimide varnish for flexible OLEDs, World-leading share in ceramic bearing balls, CAGR of 8% or more in the global pharmaceutical market over the next 7 years, Market growth rates for urethane systems by application: approximately 1%-11%, depending on the application
New initiativesTransition to a company-wide, cross-functional R&D structure led by the CTO, Establishment of a European headquarters and development of a global management structure through regional headquarters, Preparation for the listing of the Machinery and cement-related businesses on the Tokyo Stock Exchange, Raising the DOE target to 3.5% or more, with an early goal of 4.0%, Company-wide operational reform using generative AI and DX, Scaling back or discontinuing production of ammonia, caprolactam and nylon polymer in Thailand and Japan
Items this document does not state (12)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookPayout ratioOrders 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.

In light of major investment projects entering the recovery phase, the company aims to maintain and improve capital efficiency and strengthen shareholder returns while continuing to invest in specialty businesses. It also aims to stabilize earnings and cash flow by shifting from basic businesses that depend on market conditions to high-margin, stable specialty businesses.

How to read this page

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UBE VISION 2030 TRANSFORMATION -2nd Stage- Management Overview | UBE Corporation (4208) timely disclosure | Komori