Sekisui Chemical Co., Ltd. · TSE:4204
Sekisui Chemical — Q2 2026 Earnings Presentation
48 slides from Sekisui Chemical's earnings presentation, Oct 30, 2026
Slide 1: Presentation of Financial Results: Progress under Management Plan
SEKISUI CHEMICAL CO., LTD. For 2Q FY2026, ending March 31, 2027 Presentation of Financial Results Progress under Management Plan Ikusuke Shimizu President and CEO October 30, 2026
Slide 2: Main Points of Today's Presentation
Main Points of Today’s Presentation ★：Record high Compared Difference 2H Compared Compared 1H Difference FY2026 Difference with from FY2026 with with FY2026 from Plan Revised from Plan 1H FY2025 Forecasts Revised 2H FY2025 FY2025 (JPY billion) Results Results Results (Apr. 2026) Plan Results (Apr. 2
Slide 3: The Film-Type Perovskite Solar Cell Business
The Film-Type Perovskite Solar Cell Business ▌ Engage in sales focusing mainly on low load-bearing metal roofs for public facilities; delivery track record in the 1H: 8 (4 public authorities) ▌ Decision made to invest in production technology innovation (¥9.5 billion) to improve performance and redu
Slide 4: Results for 1H FY2026
Results for 1H FY2026 1H 1H FY2026 Forex rate FY2025 FY2026 Initial Plan In-house ¥160/US$ ¥155/US$ assumptions - ¥185/€ ¥183/€ Results (Avg. rate for ¥146/US$ ¥168/€ ¥159/US$ ¥184/€ - Tatsuya Nishida each term) Representative Director * Export data is subject to in-house assumptions regarding forei
Slide 5: Overview of 1H FY2026 Results and Returns to Shareholders
Overview of 1H FY2026 Results and Returns to Shareholders ▌ Substantial increase in net sales; increase at each level of profit ▌ Record-high net sales, operating profit, and ordinary profit ▌ Posted an extraordinary loss (¥7.7 billion) related to the LB Business* ▌ Set the interim dividend at ¥41 p
Slide 6: 1H FY2026 Results by Segment
1H FY2026 Results by Segment ▌ Achieved increases in net sale and operating profit across all segments; substantial increases in net sales and operating profit on a Group-wide total basis ▌ Record-high operating profit in the HPP and UIEP companies as well as on a Group-wide total basis; results sub
Slide 7: 1Q & 2Q FY2026 Results by Segment
1Q & 2Q FY2026 Results by Segment ▌ Expectations of a partial adjustment in demand, particularly in the HPP and UIEP companies, failed to materialize to the extent anticipated; increases in both net sales and operating profit ▌ Despite YoY fluctuations by quarter in the Housing Company and a decline
Slide 8: 1H FY2026 Results Analysis
1H FY2026 Results Analysis ▌ Improvements in selling prices offset the sharp rise in raw material costs owing to deteriorating conditions in the Middle East; substantial increase in sales volumes & product mix on the back of such factors as expanding sales volumes of high-value-added products and bu
Slide 9: FY2026: Revised 2H and Full FY Plans
FY2026: Revised 2H and Full FY Plans 2H FY2026 FY2026 Forex rate 2H FY2025 Revised Plan Initial Plan In-house ¥159/US$ ¥155/US$ assumptions - ¥184/€ ¥183/€ Results ¥156/US$ (Avg. rate for - - each term) ¥182/€ * Export data is subject to in-house assumptions regarding foreign currency exchange rates
Slide 10: Outlook for Market Conditions
Outlook for Market Conditions Smartphone Shipments (YoY) *Figures in parentheses: 1H forecasts (July) Housing・Visitors (YoY) 2H plans (April) While trends in line with expectations, substantially below the previous year in the 2Q owing to such factors as the shortage in semiconductor Overall visitor
Slide 11: 2H FY2026 Revised Plan by Segment
2H FY2026 Revised Plan by Segment ▌ Net sales and operating profit forecast to increase across three segments, excluding the UIEP Company, as well as on a Group-wide total basis, with profit projected to reach a record high ▌ Expecting a certain degree of adjustment in demand in the HPP and UIEP com
Slide 12: 2H FY2026 Revised Plan Analysis
2H FY2026 Revised Plan Analysis ▌ Future outlook remains uncertain; sales volumes & product mix forecast to expand, despite falling below plans (April); offset the anticipated ongoing surge in raw material costs with selling prices ▌ Despite plans to increase fixed costs in a bid to secure further g
Slide 13: FY2026 Revised Plan by Segment
FY2026 Revised Plan by Segment ▌ Projecting increases in net sales and operating profit across all segments as well as on a Group-wide total basis; upward revision to the operating profit plan ▌ Other breakdown: PV down ¥6.0 billion, LB down ¥0.1 billion, R&D and other down ¥8.7 billion FY2026 FY202
Slide 14: FY2026 Revised Plan and Returns to Shareholders
FY2026 Revised Plan and Returns to Shareholders ▌ Projecting increases in net sales, operating profit, and ordinary profit; plans for record highs at each level ▌ Bottom line forecast to increase despite posting an extraordinary loss and taking into consideration the impact of a decline in the gain
Slide 15: Consolidated Performance
Consolidated Performance ▌ Closed out the first fiscal year of the Medium-term Management Plan with a substantial increase in operating profit; accelerating the pace of development and investment in a bid to secure further growth ▌ Target an ROE of 9.0%; continue to strengthen earning power and work
Slide 16: High Performance Plastics Company
High Performance Plastics Company Akira Asano Company President 15
Slide 17: HPP: FY2026 1H Results and 2H Revised Plan
HPP FY2026 1H Results and 2H Revised Plan Company ▌ 1H: Robust trends in each of the three strategic fields with significant growth in high-value-added products; substantial increases in net sales and operating profit with record-high profit in the 1H ▌ 2H: Ongoing robust trends; despite an increase
Slide 18: HPP: 1H FY2026 Results Analysis
HPP 1H FY2026 Results Analysis Company ▌ Substantial increase in sales volumes & product mix owing to successful efforts to steadily capture robust demand for semiconductors in the Electronics field and aeronautical components in the Mobility field ▌ Improvements in selling prices offset the sharp r
Slide 19: HPP: 2H FY2026 Revised Plan Analysis
HPP 2H FY2026 Revised Plan Analysis Company ▌ In similar fashion to the 1H, continue working to capture robust demand in the Electronics and Mobility fields; improvements in selling prices to offset the sharp rise in raw material costs; despite an increase in fixed costs target record-high profit in
Slide 20: HPP: Three Strategic Fields
Three Strategic Fields HPP Company Net Sales Trends and KPIs in the Three Strategic Fields Device Materials Automotive Molding / Sensing / Molding Electronics Specialty Chemicals / Mobility Interlayer Films Aeronautical Social Infrastructure Products FC Components • 1H: Firm growth in sales of produ
Slide 21: Housing Company
Housing Company Masahide Yoshida Company President 20
Slide 22: Housing: FY2026 1H Results and 2H Revised Plan
Housing FY2026 1H Results and 2H Revised Plan Company ▌ 1H: Increases in net sales and operating profit as growth in the Renovation and Residential businesses offset the decrease in the number of houses sold owing to the deterioration in new construction market conditions; steady progress in growth
Slide 23: Housing: 1H FY2026 Results Analysis
Housing 1H FY2026 Results Analysis Company ▌ Secured an increase in operating profit across the Housing Company as a whole as growth in the Renovation and Residential businesses offset the downturn in operating profit attributable to the decrease in the number of houses sold and sharp increase in co
Slide 24: Housing: 2H FY2026 Revised Plan Analysis
Housing 2H FY2026 Revised Plan Analysis Company ▌ Deteriorating market conditions and a sharp rise in component prices projected to impact the Housing Business on an ongoing basis; targeting further growth in an already firm Renovation Business by increasing the number of sales staff and strengtheni
Slide 25: Housing: KPIs by Business and Measures to Strengthen Profitability
Housing KPIs by Business and Measures to Strengthen Profitability Company New Housing Business Construction Renovation Business Renovation <Value of Orders and the Number of (YoY) New Housing Orders (YoY) Buildings by Type of Construction> Renovation Orders • 1H: Despite the impact of tighter budget
Slide 26: Urban Infrastructure & Environmental Products Company
Urban Infrastructure & Environmental Products Company Yoshiyuki Hirai Company President 25
Slide 27: UIEP: FY2026 1H Results and 2H Revised Plan
UIEP FY2026 1H Results and 2H Revised Plan Company ▌ 1H: Increase in net sales and operating profit on the back of successful efforts to overcome difficulties in procuring raw materials caused by deteriorating conditions in the Middle East, maintain margins, and expand shipments by building up marke
Slide 28: UIEP: 1H FY2026 Results Analysis
UIEP 1H FY2026 Results Analysis Company ▌ Target a fifth consecutive FY of record-high profit and an operating profit margin of over 10% for the full FY ▌ With expectations of a correction to the increase in shipments from the 2Q failing to materialize to the extent anticipated, both net sales and o
Slide 29: UIEP: 2H FY2026 Revised Plan Analysis
UIEP 2H FY2026 Revised Plan Analysis Company ▌ Results expected to be impacted by continued sluggish conditions in the non-residential market and the sharp rise in raw material costs; impacted heavily by adjustments to market inventories and a downward revision of the operating profit plan (April),
Slide 30: UIEP: Three Strategic Fields
UIEP Three Strategic Fields Company Net Sales Trends and KPIs in the Three Strategic Fields Building and Fire Protection Performance Pipe Systems Materials materials Infrastructures Composite Materials • Piping materials: • Fire-resistant and non-flammable materials: Despite sluggish market 1H: Incr
Slide 31: Medical Business
Medical Business Hiroyuki Yamashita President of SEKISUI MEDICAL CO., LTD 30
Slide 32: Medical: FY2026 1H Results and 2H Revised Plan
Medical FY2026 1H Results and 2H Revised Plan Business ▌ 1H: Despite sluggish market conditions for diagnostic reagent in Japan and China, increases in net sales and operating profit as measures to improve profitability took effect ▌ 2H: In addition to targeting record-high profits in the 2H on the
Slide 33: Medical: 1H FY2026 Results Analysis
Medical 1H FY2026 Results Analysis Business ▌ Despite sluggish market conditions in Japan and China in the Diagnostics Business and the suspension of certain projects in the Pharmaceutical Business, increases in net sales and operating profit on the back of successful efforts to capture diagnostics
Slide 34: Medical: 2H FY2026 Revised Plan Analysis
Medical 2H FY2026 Revised Plan Analysis Business ▌ Despite sluggish diagnostics market conditions in Japan and China and an increase in costs due to the impact of conditions in the Middle East, results in line with plans (April) owing to efforts aimed at controlling fixed costs ▌ Targeting record-hi
Slide 35: Medical: Overview by Business
Medical Overview by Business Business Net sales by Business and Overview of Progress Diagnostics (Japan) Diagnostics (overseas) • 1H: Despite an increase in net sales owing to growth in the diabetes • 1H: Increase in net sales on the back of demand brough forward in the domain, results fell short of
Slide 36: Financial Results 1H FY2026
Financial Results 1H FY2026 35
Slide 37: Number and Impact of Changes in Consolidated Companies
Number and Impact of Changes in Consolidated Companies Number of Consolidated Companies Mar. 31, 2026 Sep. 30, 2026 Difference Consolidated Increased: 1 Subsidiary*1 subsidiaries 145 146 Decreased: 0 Subsidiary Affiliates Increased: 0 Subsidiary (Equity Method) 6 6 Decreased: 0 Subsidiary *1 SEKISUI
Slide 38: Summary of Profit and Loss
Summary of Profit and Loss + 1H FY2025 1H FY2026 Difference (JPY billion) Net sales 629.8 701.7 +71.9 Gross profit 203.0 228.1 +25.1 Gross profit margin 32.2% 32.5% +0.3% Selling, general and administrative expenses 157.5 167.6 +10.1 Operating profit 45.4 60.4 +15.0 Share of profit of entities accou
Slide 39: Balance Sheets (Assets)
Balance Sheets (Assets) Sep.30 Inventories (B/S item) 2026 Difference Ready-built housing (products) 57.0 +13.3 Prepared land for subdivision Mar. 31, 2026 Sep. 30, 2026 Difference housing 89.1 +3.0 (JPY billion) Land under preparation (work in process) 20.0 +4.8 Housing under construction Cash and
Slide 40: Balance Sheets (Liabilities & Net Assets)
Balance Sheets (Liabilities & Net Assets) (JPY billion) Mar. 31, 2026 Sep. 30, 2026 Difference Non-interest-bearing liabilities 402.0 414.1 +12.1 Interest-bearing liabilities 144.8 196.4 +51.6 Net profit: +34.8 [Net interest-bearing liabilities] [47.6] [85.2] [+37.6] Cancellation of treasury shares
Slide 41: Consolidated Cash Flows
Consolidated Cash Flows 1H FY2025 1H FY2026 (JPY billion) Cash flows from operating activities 49.8 35.1 Cash flows from investing activities -19.9 -58.5 Cash flows from financing activities -12.0 33.2 Net increase in cash and cash equivalents 20.6 9.8 Free cash flow =Cash flows from operating activ
Slide 42: Depreciation, Amortization, Capital Expenditures and EBITDA
Depreciation, Amortization, Capital Expenditures and EBITDA Goodwill and other Depreciation*1 Capital expenditures EBITDA*3 amortization*2 1H 1H Differ- 1H 1H Differ- 1H 1H Differ- 1H 1H Differ- FY2025 FY2026 ence FY2025 FY2026 ence FY2025 FY2026 ence FY2025 FY2026 ence (JPY billion) Housing 5.6 5.6
Slide 43: Depreciation, Amortization, Capital Expenditures, Research and Development Expenditure
Depreciation, Amortization, Capital Expenditures, Research and Development Expenditure FY2026 FY2025 Difference (JPY billion) Revised Plan Depreciation 55.9 60.5 +4.6 Goodwill and other amortization 2.2 2.2 0 Capital expenditures 92.9 110.0 +17.1 EBITDA 164.6 ★ 185.7 +21.1 Research and development e
Slide 44: Forward-looking statements
This slide presentation contains forward-looking statements. These statements are based on current expectations and beliefs. However, actual results may differ from those expressed or implied due to a number of factors and uncertainties such as changes in the global economy and our business, competi
Slide 45: Housing Company Results and Plan
Housing Company Results and Plan 1. Main data in Housing business 5ｚｚｚｚｚｚｚｚｚｚｚｚｚ FY2026 FY2025 2H Revised Revised 1H 1H 2H Annual Plan Annual Plan Net sales (JPY billion) 278.8 350.3 629.1 258.6 277.6 536.2 CONSOLIDATED Housing 173.9 195.7 369.6 167.1 174.9 342.0 Renovation 58.0 61.7 119.7 56.3 58.7
Slide 46: Various Performance Data
Various Performance Data Group-wide FY2026 FY2025 FY2024 FY2023 FY2022 ■Net Sales (JPY billion) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q HPP 128.4 135.8 - - 108.2 115.3 114.2 118.8 110.6 110.5 112.0 114.2 96.1 104.2 106.0 106.6 99.1 102.4 97.9 97.0 Housing 127.0 151.7 - - 128.4 13
Slide 47: Various Performance Data
Various Performance Data Social Infrastructure field FY2026 FY2025 FY2024 FY2023 FY2022 ■Net Sales (JPY billion) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Growth area products 10.2 10.7 - - 9.0 9.4 8.5 9.4 8.7 8.6 8.5 9.5 7.3 7.6 7.2 8.0 8.6 8.1 7.2 7.0 Housing FY2026 FY2025 FY2024
Slide 48: SEKISUI
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