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Dexerials (4980) investor relations material
Dexerials Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
FY25H1 net sales were 57,456 million JPY, down 3.7% YoY, with business profit at 20,153 million JPY (down 9.7%) and profit attributable to owners at 13,410 million JPY (down 15.4%).
Decline in sales was due to the end of Phosphor films and reduced ARF deliveries, partially offset by growth in optical semiconductors and high-value-added products.
Profitability declined due to increased fixed costs from growth investments, especially in optical semiconductors.
The FY25 full-year forecast was revised upward to 114.0 billion JPY in net sales and 39.0 billion JPY in business profit, reflecting a weaker yen and growth in high-value-added products.
Planned annual dividend remains at 58 yen per share, with a share buyback and cancellation of 5.0 billion JPY approved.
Financial highlights
EBITDA for FY25H1 was 23,723 million JPY, down 7.2% YoY; EBITDA margin was 41.3%.
Operating profit dropped 14.7% YoY to 19,902 million JPY.
Earnings per share declined 13.7% YoY to 79.65 yen, reflecting the 3-for-1 stock split.
Net cash position decreased to 3,120 million JPY as of September 2025; cash and cash equivalents at period end were 22,377 million JPY.
Total assets increased to 158,783 million JPY, and total equity rose to 103,222 million JPY as of September 30, 2025.
Outlook and guidance
FY25 full-year net sales forecast is 114.0 billion JPY (+10.1% YoY), business profit 39.0 billion JPY (+34.5% YoY), and profit attributable to owners 26,000 million JPY (+26.8% YoY).
Basic EPS forecast is 153.69 yen; dividend per share is maintained at 58.0 yen.
ROIC is projected at 22.1% and ROE at 25.8% for FY25.
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