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NIPPON SHOKUBAI Financial Results for Q1 - FY2026 ( Three Months : April 1 , 2026 - June 30 , 2026 ) & Full - Year Forecasts for FY2026 7th August 2026 NIPPON SHOKUBAI CO . , LTD . Presented by Kazuhiro Noda Representative Director , President ( 4114 TSE Prime Market ) Copyright NIPPON SHOKUBAI CO . , LTD . All rights reserved . |
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Agenda Ⅰ. Results for 1st Quarter of FY2026 (April 1, 2026 – June 30, 2026) Ⅱ. Full-Year Forecasts for FY2026 Ⅲ. Shareholder Returns References 2 AA Acrylic acid AES Acrylates SAP Superabsorbent polymers EO Ethylene oxide IONEL® Electrolyte in lithium-ion batteries Segment Income "Operating Profit" + "Equity-method investment profit(loss)" Abbreviations
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Summary 3 Q1 FY2026 Results 【Increase in both Revenue and OP by YoY】 Revenue 121.3 （+20.1） Operating Profit 12.1 （+7.8） Segment Income*1 13.5 （+8.0） Profit before tax 14.2 （+7.9） Profit*2 10.4 （+5.9） FY2026 Full-Year Forecasts 【Increase in both Revenue and OP by YoY】 (JPY billion) ＊1: Segment Income = "Operating Profit" + "Equity-method investment profit(loss)" ＊2: Profit = Profit Attributable to Owners of Parent Revenue 455.0 （+55.1） Operating Profit 21.0 （+3.5） Segment Income*1 27.0 （+8.3） Profit before tax 27.5 （+6.0） Profit*2 20.5 （+3.7） ■Increased in inventory valuation gains due to rising raw material prices and maintained spreads through timely price pass-through ■Increased sales volumes and wider spreads in Solutions products ■Overall Achieved YoY growth in both revenue and profit, driven by higher inventory valuation gains due to rising raw material prices and stronger earnings in the Solutions business. ■Increase in inventory valuation gains due to rising raw material prices ■Increase sales volumes and wider spreads in Solutions products ■Improve equity-method investment profit, mainly due to the absence of impairment losses recorded in the previous fiscal year ■Overall YoY growth in both revenue and profit Profit of 20.5 billion yen; 100% dividend payout maintained (JPY billion)
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Highlights of Full-Year Forecasts for FY2026 4 Raw material prices expected to stabilize in 2H despite ongoing Middle East uncertainty FY2025 FY2026 (JPY billion) 1H(E) 2H(E) Actual Forecast Revenue 235.0 220.0 399.9 455.0 Operating Profit 12.5 8.5 17.5 21.0 Equity-method investment 2.5 3.5 1.2 6.0 Segment Income*1 15.0 12.0 18.7 27.0 *1: Segment Income = "Operating Profit" + "Equity-method investment profit(loss)" Profit Trend Domestic Naphtha Price (JPY/kL) 101,000 75,000 65,200 88,000 FX Rate (1 USD) 159 158 151 158 FX Rate (1 EUR) 183 180 175 181 FY2026 Prev. 2H⇒1H(E)⇒2H(E) FY2025⇒FY2026
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5 Ⅰ. Results for 1st Quarter of FY2026 (April 1, 2026 – June 30, 2026)
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Consolidated Financial Summary 6 Q1 FY2026 Results FY2025 FY2026 Q1 Q1 Actual Actual Revenue 101.2 121.3 +20.1 +19.8% Operating Profit 4.3 12.1 +7.8 +182.7% （Operating Profit to Revenue） 4.2% 10.0% +5.8p - Equity-method investment 1.2 1.3 +0.1 +8.9% Segment Income*1 5.5 13.5 +8.0 +143.8% Profit Before Tax 6.3 14.2 +7.9 +125.3% Profit*2 4.4 10.4 +5.9 +134.0% Domestic Naphtha Price (JPY/kL) 66,300 118,900 +52,600 +79.3% FX Rate (1 USD) 145 JPY 160 JPY +15 JPY +10.4% FX Rate (1 EUR) 164 JPY 185 JPY +22 JPY +13.2% *1: Segment Income = "Operating Profit" + "Equity-method investment profit(loss)" *2: Profit = Profit Attributable to Owners of Parent （JPY billion） Difference Difference (%)
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Revenue & Segment Income 7 Q1 FY2026 Results FY2025 FY2026 Q1 Q1 Actual Actual AA・SAP 54.3 64.8 +10.4 +19.2% EO and others 15.5 23.1 +7.7 +49.5% 69.8 87.9 +18.1 +25.9% Specialty Chemicals 12.2 14.7 +2.5 +20.2% Electronics 6.5 7.2 +0.7 +11.1% Others*1 12.7 11.5 - 1.2 -9.5% 31.4 33.4 +2.0 +6.3% 101.2 121.3 +20.1 +19.8% 3.1 8.8 +5.7 +185.9% 2.4 4.7 +2.3 +97.6% 0.1 0.1 - 0.0 -36.1% 5.5 13.5 +8.0 +143.8% *1: Includes: Construction, Energy (Batteries, Hydrogen), Environmental catalysts, Household, Health & Medical etc. Solutions Business Eliminations and corporate profit (loss) Total Segment Income Difference Difference (%) Materials Business Solutions Business Total Revenue Materials Business Business Domain (JPY billion)
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+0.6 +8.8 -0.7 -0.0 +0.1 5.5 -0.8 13.5 FY2025 Q1 Actual Spread Volume Processing cost SG&A Other income/ costs Equity-Method Investment Profit FY2026 Q1 Actual (Breakdown） Spread Volume Processing cost SG&A (JPY billion) FY2025 Q1 Actual FY2026 Q1 Actual Selling price differences Variable cost differences Inventory valuation difference Total 5.5 13.5 +8.0 -0.8 +18.5 -19.3 +0.6 +8.8 +8.6 -0.7 -0.0 +0.1 Segment Income Diff. Other income/ costs Equity- Method Investment Profit 8 Total: Analysis of Changes in Segment Income ➢ Materials: Higher profit driven by increased inventory valuation gains due to rising raw material prices ➢ Solutions: Profit growth driven by higher volumes and wider spreads Q1 FY2026 Results
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(Breakdown） Spread Volume Processing cost SG&A (JPY billion) FY2025 Q1 Actual FY2026 Q1 Actual Selling price differences Variable cost differences Inventory valuation difference Materials 3.1 8.8 +5.7 -1.3 +15.2 -16.5 -0.2 +8.3 +7.9 -0.6 -0.1 -0.4 Segment Income Diff. Other income/ costs Equity- Method Investment Profit 9 Materials: Analysis of Changes in Segment Income Spread （＋）AES・Special Ester： Expanded spreads driven by a sharp rise in overseas market prices （▲）SAP： Temporary spread contraction resulting from a lag in price pass-through Volume （＋）SAP： Volume growth driven by a recovery in sales to North America （▲）AES： Lower volumes resulting from raw material procurement constraints Processing cost, SG&A, Equity-Method Investment Profit etc. （+）Processing Costs and Others： Increase in inventory valuation gains due to rising raw material prices （▲）SG&A： Transportation costs expected to increase due to rising ocean freight rates and higher sales volumes （▲） Equity-Method Investment Profit： Deterioration in earnings due to narrower spreads Q1 FY2026 Results -1.3 -0.2 +8.3 -0.6 -0.1 -0.4 3.1 8.8 FY2025 Q1 Actual Spread Volume Processing cost SG&A Other income/ costs Equity-Method Investment Profit FY2026 Q1 Actual
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(Breakdown） Spread Volume Processing cost SG&A (JPY billion) FY2025 Q1 Actual FY2026 Q1 Actual Selling price differences Variable cost differences Inventory valuation difference Solutions 2.4 4.7 +2.3 +0.5 +3.3 -2.8 +0.7 +0.5 +0.7 -0.0 +0.1 +0.5 Segment Income Diff. Other income/ costs Equity- Method Investment Profit 10 Solutions: Analysis of Changes in Segment Income Spread （＋）Specialty Chemicals： Wider spreads for surfactants and other products （▲）Electronics： Product mix of display-related materials Volume （＋）Specialty Chemicals： Higher sales volumes of surfactants and other products （＋）Electronics： Expanded sales of display-related materials to China Processing cost, SG&A, Equity-Method Investment Profit etc. （＋）Processing Costs and Others： Increased in inventory valuation gains due to rising raw material prices （＋）Equity-Method Investment Profit： Higher profit driven by strong sales +0.5 +0.7 +0.5 -0.0 +0.1 +0.5 2.4 4.7 FY2025 1Q Actual Spread Volume Processing cost SG&A Other income/ costs Equity-Method Investment Profit FY2026 1Q Actual Q1 FY2026 Results
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11 Ⅱ. Full-Year Forecasts for FY2026
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Consolidated Financial Summary 12 FY2026 Full-Year Forecasts FY2025 FY2026 Full Full Actual Forecast Revenue 399.9 455.0 +55.1 +13.8% Operating Profit 17.5 21.0 +3.5 +19.8% （Operating Profit to Revenue） 4.4% 4.6% +0.2p - Equity-method investment 1.2 6.0 +4.8 +399.2% Segment Income*1 18.7 27.0 +8.3 +44.1% Profit Before Tax 21.5 27.5 +6.0 +27.9% Profit*2 16.8 20.5 +3.7 +22.3% ROE 4.3% 5.2% +0.9p - ROA 3.8% 4.6% +0.8p - ROIC*3 3.3% 4.5% +1.2p - Domestic Naphtha Price (JPY/kL) 65,200 88,000 +22,800 +35.0% FX Rate (1 USD) 151 JPY 158 JPY +8 JPY +5.1% FX Rate (1 EUR) 175 JPY 181 JPY +7 JPY +3.8% *1: Segment Income = "Operating Profit" + "Equity-method investment profit(loss)" *2: Profit = Profit Attributable to Owners of Parent *3: ROIC = (After-Tax Operating Profit + Share of profit of investments accounted for using equity method) / (Interest-Bearing Debt + Shareholders' Equity) （JPY billion） Difference Difference (%)
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Revenue & Segment Income 13 FY2025 FY2026 Full Full Actual Forecast AA・SAP 218.4 251.6 +33.2 +15.2% EO and others 60.4 76.4 +16.0 +26.5% 278.8 328.0 +49.2 +17.6% Specialty Chemicals 48.9 56.2 +7.3 +14.8% Electronics 24.9 28.1 +3.2 +13.1% Others*1 47.3 42.7 - 4.6 -9.7% 121.1 127.0 +5.9 +4.9% 399.9 455.0 +55.1 +13.8% 11.9 15.4 +3.5 +28.9% 6.0 11.1 +5.1 +85.1% 0.8 0.5 - 0.3 -36.9% 18.7 27.0 +8.3 +44.1% *1: Includes: Construction, Energy (Batteries, Hydrogen), Environmental catalysts, Household, Health & Medical etc. Total Segment Income Business Domain (JPY billion) Difference Difference (%) Solutions Business Total Revenue Materials Business Solutions Business Eliminations and corporate profit (loss) Materials Business FY2026 Full-Year Forecasts
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+3.0 +3.1 +0.9 -2.4 -1.2 +4.8 18.7 27.0 FY2025 Actual Spread Volume Processing cost SG&A Other income/ costs Equity-Method Investment Profit FY2026 Forecast (Breakdown） Spread Volume Processing cost SG&A (JPY billion) FY2025 Actual FY2026 Forecast Selling price differences Variable cost differences Inventory valuation difference Total 18.7 27.0 +8.3 +3.0 +50.9 -48.0 +3.1 +0.9 +4.2 -2.4 -1.2 +4.8 Equity- Method Investment Profit Diff. Other income/ costs Segment Income 14 Total: Analysis of Changes in Segment Income ➢ Materials: Higher income driven by inventory valuation gains ➢ Solutions: Higher income driven by wider spreads, higher sales volumes and improved equity-method investment profit FY2026 Full-Year Forecasts
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(Breakdown） Spread Volume Processing cost SG&A (JPY billion) FY2025 Actual FY2026 Forecast Selling price differences Variable cost differences Inventory valuation difference Materials 11.9 15.4 +3.5 +1.4 +42.0 -40.6 +1.0 +2.8 +4.5 -2.0 -1.2 +1.4 Equity- Method Investment Profit Diff. Other income/ costs Segment Income 15 Materials: Analysis of Changes in Segment Income Spread （＋）Special Ester・AES： Expand spreads driven by a sharp rise in market prices （+）SAP： Wider spreads due to yen depreciation etc. Volume （＋）AA・AES： Higher sales volumes driven by expanded sales in Asia Processing cost, SG&A, Equity-Method Investment Profit etc. （+）Processing Costs and Others： Increase in inventory valuation gains （▲）SG&A： Increase transportation costs due to rising ocean freight rates and higher sales volumes +1.4 +1.0 +2.8 -2.0 -1.2 +1.4 11.9 15.4 FY2025 Actual Spread Volume Processing cost SG&A Other income/ costs Equity-Method Investment Profit FY2026 Forecast FY2026 Full-Year Forecasts
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(Breakdown） Spread Volume Processing cost SG&A (JPY billion) FY2025 Actual FY2026 Forecast Selling price differences Variable cost differences Inventory valuation difference Solutions 6.0 11.1 +5.1 +1.6 +9.0 -7.4 +2.2 -1.9 -0.3 -0.4 +0.2 +3.4 Equity- Method Investment Profit Diff. Other income/ costs Segment Income 16 Solutions: Analysis of Changes in Segment Income Spread （＋）Specialty Chemicals： Wider spreads for surfactants and other products （▲）Electronics： Product mix of display-related materials Volume （＋）Electronics： Expand sales of display-related materials to China （＋）Specialty Chemicals： Higher sales volumes of surfactants and other products （＋）Construction： Higher sales volumes mainly at E-TEC* Processing cost, SG&A, Equity-Method Investment Profit etc. （+）Equity-Method Investment Profit： Absence of the impairment loss recorded in the previous fiscal year at an equity-method associate Improvement in earnings of the IONEL JV （▲）Processing Costs and Others： Increase in fixed manufacturing costs *E-TEC: Emulsion Technology Co., Ltd. +1.6 +2.2 -1.9 -0.4 +0.2 +3.4 6.0 11.1 FY2025 Actual Spread Volume Processing cost SG&A Other income/ costs Equity-Method Investment Profit FY2026 Forecast FY2026 Full-Year Forecasts
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17 Ⅲ. Shareholder Returns
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18 Shareholder Returns Shareholder Returns ➢ Distribute the higher of a 100% payout ratio or a 2.0% DOE*² ➢ Use funds obtained through the reduction of strategic shareholdings etc. to repurchase treasury shares. Shareholder Return Policy for FY2024-FY2027Dividend for FY2026(Estimate) 【Increase】 Interim 70 yen/share Annual 140 yen/share Year End 70 yen/share 23.7 19.4 11.0 17.4 16.8 20.5 0.00 5.00 10.00 15.00 20.00 25.00 0.00 50.00 100.00 150.00 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026(E) Interim Year End Profit (billion yen) *1: On April 1, 2024, NIPPON SHOKUBAI conducted a 4 -for-1 stock split of common shares. Above dividend amounts are based on the post-stock-split amounts. *2: DOE=Dividend on equity ratio FY2021 FY2022 FY2023 FY2024 FY2025 FY2026(E) Annual Dividends*1 (Yen) 45 45 45 114 113 140 Payout ratio (%) 30.3 36.9 63.9 100.1 100.8 100.2 Purchase of treasury shares (billion yen) 0.0 3.0 4.0 5.0 7.0 TBD DOE (％) 2.2 2.0 1.9 4.5 4.3 5.2 Total return Ration (％) 30.3 52.2 99.7 128.2 141.6 ー
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19 References
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1H 2H FULL 1H 2H FULL AA・SAP 5.2 5.7 10.9 3.1 7.3 10.4 EO and others 1.3 -0.2 1.1 4.4 0.6 5.0 6.5 5.5 11.9 7.5 7.9 15.4 Specialty Chemicals 2.5 2.5 4.9 4.6 2.1 6.8 Electronics 2.8 2.4 5.2 2.7 2.3 5.0 Others -2.6 -1.6 -4.2 -0.3 -0.4 -0.7 2.7 3.3 6.0 7.1 4.0 11.1 Eliminations and corporate profit (loss) 0.4 0.4 0.8 0.4 0.1 0.5 9.6 9.1 18.7 15.0 12.0 27.0 Business Domain (JPY billion) FY2025 FY2026 (E) Materials Solutions Total Segment Income By Business Domain (1H/2H Trend) 20
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Quarterly Trend By Business Domain 21 Q1 Q2 1H 2H Full Q1 Q2 E 1H E 2H E Full E Q1 Q2 1H 2H Full Revenue 54.3 55.3 109.6 108.8 218.4 64.8 62.1 126.8 124.8 251.6 +10.4 +6.8 +17.2 +16.0 +33.2 Segment Income 2.1 3.1 5.2 5.7 10.9 5.1 -1.9 3.1 7.3 10.4 +3.0 -5.1 -2.1 +1.6 -0.5 Revenue 15.5 14.6 30.1 30.4 60.4 23.1 19.0 42.2 34.2 76.4 +7.7 +4.5 +12.1 +3.9 +16.0 Segment Income 1.0 0.3 1.3 -0.2 1.1 3.7 0.7 4.4 0.6 5.0 +2.7 +0.4 +3.1 +0.8 +4.0 Revenue 69.8 69.9 139.7 139.1 278.8 87.9 81.1 169.0 159.0 328.0 +18.1 +11.2 +29.3 +19.9 +49.2 Segment Income 3.1 3.4 6.5 5.5 11.9 8.8 -1.3 7.5 7.9 15.4 +5.7 -4.6 +1.0 +2.4 +3.5 of which, equity-method investment income (loss) *1 0.7 0.5 1.2 0.5 1.7 0.3 0.9 1.2 1.9 3.1 -0.4 +0.4 +0.0 +1.4 +1.4 Revenue 12.2 11.7 24.0 25.0 48.9 14.7 14.9 29.6 26.6 56.2 +2.5 +3.1 +5.6 +1.7 +7.3 Segment Income 1.3 1.2 2.5 2.5 4.9 2.3 2.3 4.6 2.1 6.8 +1.1 +1.1 +2.1 -0.3 +1.8 Revenue 6.5 6.0 12.5 12.3 24.9 7.2 6.8 14.0 14.1 28.1 +0.7 +0.8 +1.5 +1.7 +3.2 Segment Income 1.4 1.5 2.8 2.4 5.2 1.6 1.2 2.7 2.3 5.0 +0.2 -0.3 -0.1 -0.1 -0.2 Revenue 12.7 11.3 24.0 23.3 47.3 11.5 10.9 22.4 20.3 42.7 -1.2 -0.4 -1.6 -3.0 -4.6 Segment Income -0.3 -2.3 -2.6 -1.6 -4.2 0.7 -1.0 -0.3 -0.4 -0.7 +1.0 +1.3 +2.3 +1.2 +3.5 Revenue 31.4 29.1 60.5 60.6 121.1 33.4 32.6 66.0 61.0 127.0 +2.0 +3.5 +5.5 +0.4 +5.9 Segment Income 2.4 0.4 2.7 3.3 6.0 4.7 2.4 7.1 4.0 11.1 +2.3 +2.1 +4.4 +0.7 +5.1 of which, equity-method investment income (loss) *1 0.5 -1.1 -0.6 0.1 -0.5 1.0 0.3 1.3 1.6 2.9 +0.5 +1.4 +1.9 +1.5 +3.4 Revenue 101.2 98.9 200.2 199.7 399.9 121.3 113.7 235.0 220.0 455.0 +20.1 +14.7 +34.8 +20.3 +55.1 Segment Income 5.5 4.1 9.6 9.1 18.7 13.5 1.5 15.0 12.0 27.0 +8.0 -2.6 +5.4 +2.9 +8.3 of which, equity-method investment income (loss )*1 1.2 -0.6 0.6 0.6 1.2 1.3 1.2 2.5 3.5 6.0 +0.1 +1.8 +1.9 +2.9 +4.8 6.3 4.5 10.8 10.7 21.5 14.2 0.8 15.0 12.5 27.5 +7.9 -3.7 +4.2 +1.8 +6.0 4.4 3.2 7.6 9.2 16.8 10.4 0.1 10.5 10.0 20.5 +5.9 -3.1 +2.9 +0.8 +3.7 ＊1：Equity-method investment income (loss) for the Materials Business is included in the “EO and Others” business domain, while equity-method investment income (loss) for the Solutions Business is included in the “Other” business domain. Solutions Total Profit Before Tax Profit AA・SAP EO and Others Materials Specialty Chemicals Electronics Others Business Domain FY2025 Difference （JPY billion） FY2026
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Consolidated Statement of Financial Position 22 (JPY billion) Mar.31, 2026 Jun.30, 2026 Diff. Mar.31, 2026 Jun.30, 2026 Diff. Cash and cash equivalents 51.8 50.2 - 1.7 Trade payables 51.7 66.1 +14.4 Trade receivables 91.3 104.1 +12.8 Borrowings 58.7 67.0 +8.3 Inventories 85.8 95.6 +9.8 Others 63.2 66.2 +2.9 Others 18.4 19.5 +1.1 Liabilities 173.6 199.3 +25.7 Current assets 247.2 269.3 +22.1 Property, plant and equipment 223.1 228.1 +5.0 Share capital 25.0 25.0 - Intangible assets 6.0 5.7 - 0.3 Treasury shares -3.9 -3.8 +0.0 Good Will 3.5 3.5 - Retained earnings 302.8 304.0 +1.1 Equity-method investment 30.0 29.5 - 0.5 Others 72.6 76.5 +3.9 Others 70.3 74.4 +4.2 Non-controlling interests 9.9 9.6 - 0.3 Non-current assets 333.0 341.3 +8.3 Equity 406.6 411.3 +4.7 Total Assets 580.2 610.6 +30.4 Liabilities and equity 580.2 610.6 +30.4 D/E ratio (times) 0.17 0.18 Interest-bearing loans 65.5 73.8
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Consolidated Cash Flows 23 FY2025 FY2026 Q1 Q1 (JPY billion) Actual Actual Cash flows from operating activities 14.8 13.1 -1.6 Profit (loss) before tax 6.3 14.2 +7.9 Depreciation and amortization 7.8 8.1 +0.4 Changes in trade receivables/payables and inventories 1.4 -7.5 -9.0 Others -0.7 -1.6 -0.9 Cash flows from investing activities -17.1 -12.8 +4.3 Free cash flows -2.3 0.3 +2.6 Cash flows from financing activities -8.1 -2.4 +5.8 Changes in borrowings 2.0 7.9 +5.9 Purchase of treasury shares -0.0 - +0.0 Dividends paid -9.1 -9.3 -0.2 Others -1.0 -1.0 +0.1 Cash and cash equivalents at end of period 43.5 50.2 +6.7 Difference
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Consolidated Key Performance Indicators 24 Capex 4.2 37.8 12.0 53.3 11.9 62.0 Depreciation and amortization 7.9 31.6 7.8 32.2 8.1 33.0 R&D cost 4.1 15.7 4.1 16.8 4.3 17.5 EBITDA 14.7 56.1 14.3 54.8 22.5 61.6 Interest-bearing loans 43.0 46.6 48.0 65.5 73.8 86.8 Total equity attributable to owners of parent 393.5 383.0 376.5 396.6 401.7 391.4 Total assets 556.6 543.7 534.7 580.2 610.6 615.0 D/E (x） 0.11 0.12 0.13 0.17 0.18 0.22 Shareholder’s Equity Ratio(%) 70.7 70.5 70.4 68.4 65.8 63.6 Operating profit to Revenue(%) 4.9 4.7 4.2 4.4 10.0 4.6 ROA(%) - 4.3 - 3.8 - 4.6 ROE(%) - 4.5 - 4.3 - 5.2 ROIC (%) - 4.3 - 3.3 - 4.5 (JPY billion) FY2025 Q1 FY2025 Full FY2026 Full (E) FY2024 Q1 FY2024 Full FY2026 Q1
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Market Conditions 25
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Foreign Exchange Rate and Overseas Revenue 26 ■Foreign Exchange Rate FY24.Q1 FY24.Q2 FY24.Q3 FY24.Q4 FY25.Q1 FY25.Q2 FY25.Q3 FY25.Q4 FY26.Q1 JPY per 1 USD 156 150 152 153 145 147 154 157 160 JPY per 1 EUR 168 164 163 161 164 172 179 184 185 ■Overseas Revenue - Cumulative for the quarter ( JPY billion） FY24.Q1 FY24.Q2 FY24.Q3 FY24.Q4 FY25.Q1 FY25.Q2 FY25.Q3 FY25.Q4 FY26.Q1 Asia 28.1 56.2 83.7 110.5 24.7 49.5 75.6 101.2 27.1 Europe 16.9 32.5 48.0 62.8 15.8 32.5 48.7 66.8 17.5 North America 10.7 20.0 29.8 39.5 10.2 20.1 30.3 39.2 12.1 Other regions 3.4 7.1 10.6 14.9 3.4 7.4 10.8 14.7 3.5 59.2 115.8 172.1 227.7 53.9 109.5 165.4 222.0 60.1 Asia 26.7% 27.2% 27.2% 27.0% 24.4% 24.7% 25.3% 25.3% 22.3% Europe 16.1% 15.7% 15.5% 15.3% 15.6% 16.2% 16.3% 16.7% 14.4% North America 10.2% 9.7% 9.7% 9.7% 10.0% 10.1% 10.1% 9.8% 10.0% Other regions 3.3% 3.4% 3.4% 3.6% 3.3% 3.7% 3.6% 3.7% 2.9% 56.3% 56.0% 55.8% 55.6% 53.3% 54.7% 55.3% 55.5% 49.6% Overseas Revenue (Total) Ratio of Overseas Revenue
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Trends in EBITDA 27
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Trends in Capital Investment and Depreciation 28 17.7 16.8 37.8 53.3 62.0 29.3 31.9 31.6 32.2 33.0 FY2022 FY2023 FY2024 FY2025 FY2026(E) Capital investment Depreciation （JPY billion)
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Trends in R&D costs 29
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Business Domain and Main Products 30 Main ProductsBusiness Domain ●Acrylic acid, Acrylates ●Superabsorbent polymer ●Ethylene oxide ●Ethylene glycol ●Organic acids ●Special esters ●Process catalysts etc. ●Various types of amines ●Cross-linking agent for water-based resins ●Surfactants ●Resins for optical films ●Resist materials ●Fine particles ●Dye ●Iodine ●Concrete admixture polymers ●Emulsions ●Electrolytes for LIB*1 ●Electrolyte sheets ●Ammonia decomposition catalysts ●Waste gas treatment catalysts and Wastewater treatment catalysts ●Raw materials for detergents ●Oligonucleotide & peptides CDMO*2 (Main subsidiaries: NIPPON NYUKAZAI CO., LTD. and SINO-JAPAN CHEMICAL CO.,LTD. ） (Main subsidiary: NIPPOH CHEMICALS CO., LTD.） *1: LIB: lithium-ion batteries *2: Abbreviation of Contract Development and Manufacturing Organization AA・SAP EO and others Specialty Chemicals Electronics Materials Solutions Construction Energy (Batteries and Hydrogen )・ Environmental catalystsOthers Household Health & Medical etc. (Main subsidiary: Emulsion Technology Co., Ltd.）
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IR Calendar（Up Coming） 31 ◆ Announcement of financial results for the Q2 - FY2026 Monday, 9 November 2026, at 13:00 JST This schedule is subject to change without notice.
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This presentation material (“Material”) is aiming to provide readers referential information, not to persuade investment. Material contains forward-looking statements and statements of this nature based on reasonable judgments in accordance with information currently available. We do not commit nor guarantee the contents of Material. Readers should be aware that actual results and events might differ substantially from these projections. IR Contacts: NIPPON SHOKUBAI CO., LTD. Corporate Communications Dept. E-mail: ns_ir@shokubai.co.jp 32