Daicel (4202) Corporate presentation summary

Business overview and strategy

• Operates globally with 73 companies in 15 countries, focusing on five business segments and aiming to enhance profitability through portfolio management and operational efficiency.

• Pursues sustainable management, balancing business growth with social and environmental contributions, and sets clear long-term and mid-term visions for a circular economy.

• Key strengths include pioneering biomass chemistry, unique production innovations, and a strong global presence in engineering plastics and acetyl chain products.

• Portfolio management involves annual review and reclassification of businesses, with recent exits from underperforming segments and reinforcement of core operations.

• Long-term vision targets include forming new corporate groups, advancing biomass value chains, and achieving carbon neutrality by 2050.

Financial performance and outlook

• FY2025 consolidated sales reached ¥586.5 billion, with EBITDA of ¥102.4 billion and operating profit of ¥61.0 billion.

• Overseas sales accounted for 67.3% of total revenue, with a workforce of 11,178 as of March 2025.

• Segment growth: Engineering Plastics (+9.3%), Smart (+10.4%), and Medical/Healthcare (+3.7%) showed notable sales increases.

• FY2026 forecast projects sales of ¥583.0 billion and operating profit of ¥46.5 billion, with EBITDA expected at ¥89.5 billion.

• Capital allocation prioritizes growth investments, shareholder returns, and improved cash conversion cycle, aiming for ROIC of 10% by FY2027.

Segment highlights

• Medical/Healthcare: World-leading chiral column business, innovative needle-free drug delivery, and biodegradable cosmetic materials.

• Smart: Global leader in cycloaliphatic epoxy, advanced semiconductor materials, and functional films for electronics.

• Safety: Top-tier airbag inflators and industrial current interrupters, leveraging proprietary ONE TIME ENERGY® technology.

• Materials: Only domestic acetic acid producer, strong global share in acetate tow and triacetylcellulose films.

• Engineering Plastics: Broad portfolio for automotive and electronics, with global technical support and rapid delivery.