Strengthening the Global Supply Chain and Local Production and Sales by Leveraging Overseas Operations

「Somar North America Corporation　West Virginia, U.S.A.　High-Performance Materials Business　Plant　¥2,541 million　¥1,109 million　Internal funds and borrowings　April 2024　April 2029」

「Our group established a new base in the Netherlands in December 2018 and in Vietnam in February 2019. In July 2020, it also established an intermediate holding company in Singapore to reorganize the capital structure of its overseas operations and began activities aimed at supporting the development of our group.」

「The company continues to work diligently toward the early commencement of sales to customers of high-performance resin products for automobiles to be manufactured at the new plant in West Virginia, U.S.A., which began operations last year.」

「Somar North America Corporation West Virginia, U.S.A. High-Performance Materials Business Plant ¥2,706 million ¥956 million Internal funds and borrowings April 2024 April 2029 The total planned investment and scheduled completion date have been changed due to higher costs for construction materials and other items for ancillary facilities, as well as changes to the plan, including additional construction work.」

「Somar North America Corporation West Virginia, U.S.A. High-Performance Materials Business Plant ¥1,729 million ¥372 million Internal funds and borrowings April 2024 March 2026 Due to higher costs for construction materials and other items for ancillary facilities, as well as changes in specifications, the total planned investment was changed from ¥1,026 million to ¥1,729 million.」

「Sales of electrical insulation resins for the automotive parts industry increased 25.3% year on year, exceeding the same quarter of the previous year. Against a favorable order environment, sales activities in China, Europe and North America, as well as Japan, were successful, particularly for EV-related parts applications, while sales to certain customers also increased.」

「Sales of electrical insulation resins for the automotive parts industry increased 19.1% year on year, exceeding the same quarter of the previous year. Sales activities in China and Europe, as well as Japan, benefited from a favorable order environment for EV-related parts, while sales of some products for specific customers also increased.」

「In sales of related products for the electronics industry, revenue remained at approximately the same level as in the same quarter of the previous year. Although the smartphone market stagnated amid weak demand resulting from concerns about global inflation, the company worked to develop new sales channels by strengthening cooperation with overseas subsidiaries.」

「The company has also continued working to further improve its customer-focused production and logistics system.」

「The company has also continued working to further improve its customer-focused production and logistics system.」

「The company has also continued working to further improve its customer-focused production and logistics system.」

「Against this backdrop, the Group has continued to pursue business operations that capitalize on its strengths and swift management decisions. Alongside relevant global growth markets, we have focused on expanding sales of differentiated products and developing new customers in high-speed 5G communications, semiconductors, next-generation automobiles, renewable energy, and other fields expected to see market expansion, while accelerating industry-academia collaboration in Japan and overseas, including in biomaterials, and further improving production and logistics systems closely aligned with customers.」

「Against this backdrop, the Group has continued to pursue business operations that capitalize on its strengths and swift management decisions. Alongside relevant global growth markets, we have focused on expanding sales of differentiated products and developing new customers in high-speed 5G communications, semiconductors, next-generation automobiles, renewable energy, and other fields expected to see market expansion, while accelerating industry-academia collaboration in Japan and overseas, including in biomaterials, and further improving production and logistics systems closely aligned with customers.」

「The company has also continued working to further improve its customer-focused production and logistics system.」

「The company has also continued working to further improve its customer-focused production and logistics system.」

「The company has also continued working to further improve its customer-focused production and logistics system.」

「The company has also continued working to further improve its customer-focused production and logistics system.」

「The company has also continued working to further improve its customer-focused production and logistics system.」

「Against this backdrop, the Group has continued to pursue business operations that capitalize on its strengths and swift management decisions. We have worked to expand sales of our uniquely differentiated products and develop new customers, primarily in relevant global growth markets, while also further improving production and logistics systems closely aligned with customers.」

「Against this backdrop, the Group has continued to pursue business operations that capitalize on its strengths and swift management decisions. We have worked to expand sales of our uniquely differentiated products and develop new customers, primarily in relevant global growth markets, while also further improving production and logistics systems closely aligned with customers.」

「The company has also continued efforts to rationalize production and logistics.」

「The company has also continued efforts to rationalize production and logistics.」

「In addition, in the Group's global operations, its subsidiaries across Asia serve as bases for focusing primarily on business activities in emerging Asian markets, including China and India. The Group will also work to strengthen its production, logistics and sales functions and further gather information in the United States, which continues to maintain a solid economy, and surrounding markets.」

「In addition, in the Group's global operations, its subsidiaries across Asia serve as bases for focusing primarily on business activities in emerging Asian markets, including China and India. The Group will also work to strengthen its production, logistics and sales functions and further gather information in the United States, which continues to maintain a solid economy, and surrounding markets.」

「As Somar North America Corporation was newly established during the first quarter of the current consolidated fiscal year, it has been included in the scope of consolidation.」

「The company is strengthening the information-gathering, manufacturing, sales and logistics functions of its overseas bases and supply chain in line with customer needs. In addition to its core high-performance materials business, it is placing greater emphasis on expanding sales of distinctive products in its environmental materials and food materials businesses, further strengthening operations in overseas markets.」

「In addition to developing new domestic markets, the company has focused on detailed sales activities centered on expanding sales of its distinctive proprietary products from a global perspective that encompasses emerging markets in China and Southeast Asia, as well as the United States and surrounding markets, which continue to maintain solid economies. It has also worked to develop logistics infrastructure and further improve operating efficiency.」

「In addition to developing new domestic markets, the company has focused on detailed sales activities centered on expanding sales of its distinctive proprietary products from a global perspective that encompasses emerging markets in China and Southeast Asia, as well as the United States and surrounding markets, which continue to maintain solid economies. It has also worked to develop logistics infrastructure and further improve operating efficiency.」

「In the Group's global operations, its subsidiaries across Asia serve as bases for focusing primarily on business activities in emerging Asian markets, including China and India. The Group will also work to strengthen its production, logistics and sales functions in the United States, which continues to maintain a solid economy, and surrounding markets.」

「The company will continue to make effective use of the various functions at its business bases established in China, Hong Kong, Thailand, Taiwan, India and North America to enhance supply chain capabilities, comprehensively increase the value it provides to customers, promote expansion into relevant overseas markets and broaden its business areas.」