Expansion of Sales and Earnings in Asia and Creation of Next-Generation Products and Services

「ASEAN・インド市場での粘着剤および加工製品の事業拡大に向けた新たな販売・生産体制の構築や」

「Under the Group’s three-year medium-term management plan, Advance 2028, which began in fiscal 2026, the Group is pursuing the following priority strategies to transform its business portfolio, establish a new growth platform by expanding next-generation business areas and improving profitability, and achieve further growth. ① Expanding the business in the ASEAN and Indian regions」

「During the six-month interim consolidated accounting period, demand related to liquid-crystal displays remained weak due to inventory adjustments in anticipation of developments in U.S. tariff policy. Although sales volumes were maintained at approximately the level of the previous year, the yen was substantially stronger than in the previous year, greatly reducing the foreign-currency translation of the Chinese subsidiaries’ results. Together with higher personnel and other expenses, this caused net sales to fall 6.5% year on year to ¥22,750 million」

「During the fiscal year, as production in the liquid-crystal-display industry became increasingly concentrated in China, sales of adhesive products in the Chinese market increased, among other factors. Net sales therefore rose 15.3% year on year to ¥47,633 million.」

「Against a backdrop of inventory building ahead of expected Olympic demand for televisions in the liquid-crystal-display industry, sales of adhesive products in the Chinese market increased. The foreign-currency translation of the Chinese subsidiaries’ results also increased as the yen weakened, among other factors, and net sales rose 26.4% year on year to ¥24,330 million.」

「During the fiscal year, demand in information and electronics fields, including smartphones, remained sluggish, but production adjustments in the liquid-crystal-display-related field had run their course and demand recovered, particularly in the Chinese market. Net sales therefore rose 8.4% year on year to ¥41,318 million.」

「During the first nine months of the fiscal year, demand in information and electronics fields, including smartphones, remained sluggish, but production adjustments in the liquid-crystal-display-related field had run their course and demand recovered, particularly in the Chinese market. Net sales therefore rose 6.6% year on year to ¥31,011 million.」

「During the first six months of the fiscal year, demand in information and electronics fields, including smartphones, remained sluggish, but production adjustments in the liquid-crystal-display-related field had run their course and demand recovered. Net sales were therefore ¥19,254 million, broadly in line with the previous year and down 1.0% year on year.」

「During the first three months of the fiscal year, production adjustments in the liquid-crystal-display-related field had run their course and demand was recovering, but demand for automobiles and smartphones in China remained sluggish. Chemicals sales therefore failed to reach the level of the previous year, and net sales fell 12.8% year on year to ¥9,046 million.」

「The target for the final year of the medium-term management plan was achieved. Although the Company pursued price pass-through for higher raw-material prices and cost reductions, operating profit was only 58.1% of the target for the final year of the plan due to lower sales volumes resulting from inventory adjustments in the liquid-crystal-panel industry from the second quarter onward, as well as higher activity expenses including logistics costs.」

「During the first nine months of the fiscal year, Chemicals sales declined due to the sharp production adjustment in the liquid-crystal-display-related field. However, the effects of price revisions and an increase in the foreign-currency translation of the Chinese subsidiaries’ net sales as the yen weakened lifted net sales 4.4% year on year to ¥29,091 million.」

「During the first six months of the fiscal year, Chemicals sales declined due to the sharp production adjustment in the liquid-crystal-display-related field during the second quarter. However, the effects of price revisions and an increase in the foreign-currency translation of the Chinese subsidiaries’ net sales as the yen weakened lifted net sales 9.6% year on year to ¥19,454 million.」

「During the first three months of the fiscal year, net sales rose 19.0% year on year to ¥10,371 million due to higher sales of liquid-crystal-display-related products and other products, mainly in the Chinese market, the effects of price revisions, and an increase in the foreign-currency translation of the Chinese subsidiaries’ net sales as the renminbi strengthened.」

「We achieved the target for the final year of the medium-term management plan one year ahead of schedule.」

「In addition to higher sales, mainly in the Chinese market, where demand related to liquid-crystal displays continued to expand, the foreign-currency translation of the Chinese subsidiaries’ results increased as the renminbi strengthened. Net sales therefore rose 24.5% year on year to ¥27,861 million.」

「During the first six months of the fiscal year, sales increased, particularly in the Chinese market, where demand related to liquid-crystal displays continued to expand. Net sales therefore rose 26.7% year on year to ¥17,742 million.」

「During the first three months of the fiscal year, the difficult environment continued, with profit margins deteriorating due to the impact of higher raw-material prices resulting from rising crude-oil prices and tight supply and demand. However, demand related to liquid-crystal displays exceeded the initial forecast, among other factors, and net sales rose 28.3% year on year to ¥8,718 million」

「As demand in the liquid-crystal-display-related field, which had been undergoing an adjustment in the previous fiscal year, recovered, sales for large-TV applications in the Chinese market increased, among other factors. Net sales therefore rose 9.7% year on year to ¥31,493 million.」

「During the first nine months of the fiscal year, demand declined in fields including automobiles, consumer electronics and building materials due to the spread of COVID-19, but demand in the liquid-crystal-display-related field, which had been undergoing an adjustment in the previous fiscal year, recovered sharply and began to expand again. As a result, net sales were ¥22,384 million, up 5.7% year on year.」

「During the first six months of the fiscal year, demand declined in fields including automobiles and consumer electronics, but demand related to liquid-crystal displays recovered sharply, particularly in the Chinese market, and Chemicals sales increased. However, construction revenue from Equipment Systems declined, resulting in net sales of ¥14,004 million, down 0.2% year on year.」

「Under these conditions, the Group is thoroughly implementing measures to prevent infection with the novel coronavirus while responding swiftly and flexibly to changes in market and customer needs. To strengthen the earnings base of existing businesses and create new business fields, it is expanding R&D functions and production capacity at its Chinese business bases, promoting cross-organizational strategies focused on synergies among businesses in growth fields such as automotive, energy, and healthcare, and establishing an ongoing new-business development structure that anticipates future changes in the social environment and technological innovation.」

「Under the Group’s three-year medium-term management plan, New Value 2019, for which the current fiscal year was the final year, the basic policies were “expanding the business scale and improving profitability in Asia” and “expanding business areas through the creation of new products and services.” The Group aimed to increase its share in the large-display-related field in China and win new projects in fields expected to see future demand growth. Its numerical targets for the fiscal year were net sales of ¥32.5 billion and operating profit of ¥2.7 billion, while its management targets were a return on assets (ROA) of at least 8% and a return on equity (ROE) of at least 9%.」

「During the first nine months of the fiscal year, net sales were ¥21,170 million, down 11.6% year on year, due to lower Chemicals sales, reflecting the slowdown in China’s economy and sluggish demand related to liquid-crystal displays, as well as lower construction revenue from Equipment Systems.」

「For the six months ended the second quarter, revenue was ¥14,033 million, down 10.1% year on year, due mainly to lower chemicals sales resulting from the slowdown in the Chinese economy and sluggish demand related to liquid crystal displays.」

「To expand the scale and improve the profitability of its business in Asia and expand its business fields through innovative materials and technology development」

「Achieving the numerical targets of the medium-term management plan is difficult due to higher raw material prices, a weaker renminbi, and sluggish market conditions related to smartphones」

「For the nine months ended the third quarter, revenue was ¥23,956 million, up 9.0% year on year, reflecting increased sales of chemicals, including adhesive-related products, primarily in China, and higher construction revenue from completed equipment-system projects」

「Driven mainly by increased sales of chemicals, including adhesive-related products, in the Chinese market, revenue was ¥15,605 million, up 14.7% year on year」

「Driven mainly by increased sales of chemicals, including adhesive-related products, in the Chinese market, revenue was ¥7,401 million, up 17.0% year on year」

「The Group has revised its fiscal 2019 revenue target, the final year of its medium-term management plan, from ¥31 billion to ¥34 billion. Although higher raw material prices are expected to reduce profit, the operating profit target has been maintained at the original ¥3 billion in anticipation of increases in strategic expenditures for the future, including depreciation associated with expanded production facilities and research and development expenses for new businesses.」

「Under these business conditions, the Group is working to strengthen its ability to respond to needs and its production and supply structure in the Chinese market, where industrial clusters related to liquid crystal displays, its core business field, are developing; expand its market share through the development and rollout of environmentally friendly products, for which demand is increasing; expand sales of new businesses, including nanoimprint-related products; and strengthen its R&D structure for the creation of new products and services in the future.」

「The Group is working to strengthen its ability to respond to needs in the Chinese market, where industrial clusters related to liquid crystal displays, its core business field, are developing; expand its market share through the development and rollout of environmentally friendly products, for which demand is increasing; expand sales of new businesses, including nanoimprint-related products; and strengthen its R&D structure for the creation of new products and services in the future.」

「Under these business conditions, the Group is working to strengthen its ability to respond to needs in the Chinese market, where industrial clusters related to liquid crystal displays, its core business field, are developing; expand its market share through the development and rollout of environmentally friendly products, for which demand is increasing; expand sales of new businesses, including nanoimprint-related products; and strengthen its R&D structure for the creation of new products and services in the future.」

「In its consolidated medium-term management plan "New Value 2019" (fiscal 2017–fiscal 2019), the Group set out the following basic strategies to achieve "business expansion and improved profitability in China and Southeast Asia" and "the creation of new products and services and a significant expansion of growth investment."」

「Under these business conditions, the Group worked to expand earnings in China by improving cost competitiveness, expand its market share by strengthening its ability to respond to needs in existing business fields, expand its business fields by developing new fields and regions, establish a business foundation for nanoimprint, and create and commercialize new products and services.」

「Under these business conditions, the Group is working to expand earnings in China by improving cost competitiveness, expand its market share by strengthening its ability to respond to needs in existing business fields, expand its business fields by developing new fields and regions, establish a business foundation for nanoimprint, and create and commercialize new products and services.」

「Expanding earnings in China by improving cost competitiveness」

「Expanding earnings in Asia and creating new products and services for the next generation, as set out in the medium-term management plan "New Value－2016," for which the next fiscal year is the final year」