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4631.T : Tokyo Stock Exchange DIC Corporation Consolidated Financial Results FY2026 : Six Months Ended June 30 August 2026 ENGLISH TRANSLATION OF JAPANESE - LANGUAGE DOCUMENT This is a translation of the original Japanese - language document and is provided for convenience only . In all cases , the Japanese - language original shall take precedence . d ! c Color & Comfort COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED . DIC Corporation
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2 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. Six months ended June 30, 2026 Fiscal year 2026 forecast Returns to shareholders 2 Highlights • Net sales rose 13.3%, to ¥593.0 billion. • Owing to brisk demand for semiconductors, sales in the chemitronics business, a key growth business, saw a sharp increase of 25.5%. • All segments implemented prompt sales price adjustments and cost reductions in response to higher raw materials prices. • Sales of high-value-added products were up in all segments. • Even with a reversal of the trend toward inventory stockpiling by customers concerned about the situation in the Middle East, higher raw materials prices and other downside risks factored in, operating income in fiscal year 2026 is expected to reach a record high. • The forecast for net income attributable to owners of the parent has also been revised upward, to ¥48.0 billion, a new record. • With net income attributable to owners of the parent likely to significantly exceed initial forecasts, the decision was made to increase the forecast for annual cash dividends from the initial level, as well as to acquire treasury shares, in line with a policy of ensuring a total payout ratio of 40% or higher. • Calculated based on revised forecasts, the total payout ratio is expected to be 50%. Operating income ¥51.8 billion YoY +92.2％ A new record Annual cash dividends per share ¥150.00 （Up ¥10.00 from initial forecast) Operating income ¥78.0 billion A new record YoY +49.4％ Share buybacks ¥10.0 billion
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3 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. 3 Impact of the Middle East crisis on the DIC Group’s operations ◼ Approximately 70% of raw materials used by the DIC Group are petrochemical-derived. Accordingly, the Group expects to be directly affected going forward by the deteriorating situation in the Middle East, through constraints on procurement and increases in raw material prices. ➢ Risk of raw material procurement constraints: expected to be concentrated in Japan, where reliance on Middle East–sourced naphtha is particularly high. ➢ Risk of raw material price increases: expected across all regions, including Japan, the Americas and Europe, and Asia. ◼ The Group is working as one to minimize the impact of this crisis on its operations by securing the necessary raw materials, responding to cost increases in a timely manner, and implementing additional cost-cutting measures. ➢ The Group is leveraging its competitive advantage as a global organization to reduce the impact of the current situation through mutual supplies of raw materials and products among regions. ➢ The Group is striving to ensure stable raw materials supplies by diversifying its procurement sources, as well as by implementing timely sales price adjustments. (Q1 FY2026 presentation material) As of May 2026 (announcement of operating results for the three months ended March 31, 2026） As of August 2026 (announcement of operating results for the six months ended June 30, 2026） ◼ While the risk of constraints on raw materials procurement has declined significantly, renewed tensions in the Middle East continue to underscore uncertainty. ◼ The need for stable supplies is growing worldwide and efforts to adjust sales prices to counter higher raw materials prices are proceeding at a faster pace. ◼ While spreads are expected to narrow in the second half, owing to shipments of high-cost inventories, the operating margin for the full term (after the deduction of a one-time gain) is expected to remain near the first-quarter level.
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4 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. 4 Quarterly trends in operating results 4 (excluding the impact of a one-time gain) Expanded sales of high- value-added products Timely sales price adjustments Maintain/improve profitability Jet inks Security inks Chemitronics Pigments for displays ◼ Bolstered by increased demand for products for semiconductor-related applications, income in the chemitronics business was up sharply from the first quarter. ◼ The need for stable supplies growing worldwide and efforts to offset mounting raw materials costs by adjusting sales prices are progressing at a faster pace than ever before. Accordingly, despite higher rising raw materials prices, the deterioration of profitability has been averted. ◼ Despite being expected to decline in the second half, owing to shipments of high-cost inventories, the full-term operating margin is expected to remain at around 7%, bolstered by expanded sales of high-value-added products and rationalization in the pigments business. * A liability for repairs that had been accrued in prior years to comply with regulatory requirements was reversed. The amount was also revised from ¥5.8 billion at Q1 to ¥5.9 billion, reflecting the update of the JPY translation rate to the average exchange rate for the first half of the year.
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COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. ⚫ Provide shareholder returns commensurate with income growth and capital optimization ⚫ Build a business portfolio that supports sustainable growth and earning power ⚫ Ensure financial soundness Maintain net debt-to-equity (D/E) ratio of 0.8 times or less ✓ The net D/E ratio is expected to be 0.8 times as of December 31, 2026. Total payout ratio of 40% or higher ✓ With first-half results having exceeded initial forecasts, the decision was made to enhance returns to shareholders by leveraging income growth to increase dividends and by purchasing treasury shares. ✓ In consideration of share price level and with a view to capital optimization, the acquisition of own shares (up to ¥10.0 billion) is also planned. Invest in growth businesses (semiconductors, batteries and physical AI) ✓ A new production facility for epoxy resins used in semiconductors is under construction. ✓ A new base was established in Switzerland for strategic investments in and collaboration with promising deep tech startups. 5 Cumulative Cash Allocation (Fiscal Years 2026–2030) Cash in Cash out Ordinary investments ¥240 billion Strategic investments＋CVC ¥90 billion + α Shareholder returns ¥78 billion＋α Interest-bearing debt ¥24 billion Cash provided by operating activities ¥409 billion Asset sales, others ¥23 billion + α Allocating capital in a balanced manner among maintaining financial soundness, strategic investments for business growth and earnings expansion, and shareholder returns.
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COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. 6 Trends in shareholder returns 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Forecast Total payout ratio (%) 29.4 36.9 40.3 71.5 216.8 53.7 ー 44.4 58.5 50.0 Dividend per share (yen) 120.00 125.00 100.00 100.00 100.00 100.00 80.00 100.00 200.00 150.00 ◼ The forecast for annual dividends per share for fiscal year 2026 is ¥150.00 (initial forecast: ¥140.00), comprising an interim dividend of ¥70.00 (initial forecast: ¥70.00) and a year-end dividend of ¥80.00 (initial forecast: ¥70.00). ◼ The acquisition of own shares at a cost of up to ¥10 billion is planned, with the acquisition period beginning August 12, 2026.
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7 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. 7 Consolidated statement of income * EBITDA: Net income attributable to owners of the parent + Total income taxes + (Interest expenses – Interest income) + Depreciation and amortization + Amortization of goodwill (Billion yen) 2025 6 Months 2026 6 Months Change % Change % Change on a local currency basis Net sales 523.2 593.0 69.7 + 13.3% + 5.8% Cost of sales (406.4) (447.8) -41.3 Selling, general and administrative expenses (89.8) (93.4) -3.6 Operating income 27.0 51.8 24.9 + 92.2% + 79.8% Operating margin 5.2% 8.7% - Interest expenses (1.8) (1.4) 0.4 Equity in earnings (losses) of affiliates 0.9 3.5 2.6 Foreign exchange gains (losses) (4.8) (0.2) 4.7 Other, net (1.0) (1.4) -0.5 Ordinary income 20.3 52.3 32.0 + 157.7% Extraordinary income 2.4 3.2 0.8 Extraordinary losses (1.9) (3.4) -1.5 Income before income taxes 20.8 52.1 31.3 Income taxes (7.4) (14.0) -6.6 Net income 13.4 38.0 24.7 Net income attributable to non-controlling interests (0.3) (0.9) -0.6 Net income attributable to owners of the parent 13.1 37.2 24.1 + 184.1% EBITDA * 49.1 80.9 31.8 + 64.8% Extraordinary income and losses 2025 6 Months 2026 6 Months Extraordinary income Gain on sales of works of art - 2.8 Subsidy income - 0.4 Gain on sales of shares and investments in capital of subsidiaries and affiliates 1.7 - Gain on sales of non-current assets 0.7 - Extraordinary losses Severance costs (0.4) (0.9) Loss on liquidation of subsidiaries and associates - (0.9) Loss on disposal of non-current assets (0.8) (0.8) Loss on withdrawal from business - (0.4) Loss on valuation of investment securities - (0.3) Loss on sales of shares and investments in capital of subsidiaries and associates (0.5) - Impairment losses (0.2) - ■Average rate 2025 6 Months 2026 6 Months Yen/US$ 148.58 158.32 Yen/EUR 162.72 184.54 ◼ New records were set for net sales, operating income, ordinary income and net income attributable to owners of the parent.
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8 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. 8 Financial health *¹ Net D/E ratio: Net Interest-bearing debt / Shareholders’ equity ◼ The Company’s cash allocation policies are to maintain a net debt-to-equity (D/E) ratio of 0.8 times or less, while balancing cash applied to strategic investments and to shareholder returns. (Billion yen) Dec 31 2025 Jun 30 2026 Change Net interest-bearing debt 389.4 382.8 -6.6 Shareholders' equity 470.9 510.0 39.2 Net D/E ratio*¹ (Times) 0.83 0.75 Equity ratio 37.0% 38.3% BPS (Yen) 4,973.39 5,385.05 ■Closing rate Dec 31 2025 Jun 30 2026 Yen/US$ 156.60 162.30 Increase in retained earnings（+¥22.9 billion） Higher foreign currency translation adjustment, owing to a weaker yen (+¥17.7 billion）
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9 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. 9 Operating income variance （Billion yen） Robust results for chemitronics and other high-value added products Gradual manifestation of the negative impact of rising raw materials costs Positive impact of a weaker yen on overseas sales after translation (Before one-time gain) Rapid progress in the revision of sales prices
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10 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. 10 Segment results Packaging & Graphic 268.8 307.2 38.4 + 14.3% + 6.5% 13.4 21.7 8.4 + 62.6% + 52.7% 5.0% 7.1% Japan 62.2 67.4 5.2 + 8.4% + 8.4% 2.5 4.5 2.0 + 79.4% + 79.4% 4.0% 6.6% The Americas and Europe 172.7 199.9 27.1 + 15.7% + 5.3% 8.2 13.6 5.5 + 67.0% + 52.9% 4.7% 6.8% Asia and Oceania 41.0 47.9 6.9 + 16.9% + 9.3% 2.6 3.7 1.0 + 39.6% + 32.6% 6.4% 7.7% Eliminations (7.1) (8.0) -0.9 - - 0.1 (0.1) -0.1 - - - - Color & Display 131.3 142.5 11.2 + 8.6% + 0.1% 5.7 12.0 6.3 2.1 times 2.0 times 4.3% 8.4% Japan 18.0 18.2 0.2 + 1.1% + 1.1% 3.1 3.0 -0.1 -3.3% -3.3% 17.1% 16.3% Overseas 123.4 134.5 11.1 + 9.0% -0.6% 2.6 9.1 6.4 3.4 times 3.0 times 2.1% 6.7% Eliminations (10.1) (10.2) -0.1 - - (0.1) (0.0) 0.0 - - - - Functional Products 143.0 161.6 18.6 + 13.0% + 7.6% 10.9 21.3 10.5 + 96.4% + 86.8% 7.6% 13.2% Japan 88.9 97.8 8.9 + 10.1% + 10.1% 5.2 12.2 7.0 2.3 times 2.3 times 5.9% 12.4% Overseas 69.8 83.3 13.5 + 19.4% + 8.1% 5.7 9.4 3.7 + 65.7% + 47.6% 8.2% 11.3% Eliminations (15.7) (19.5) -3.9 - - (0.0) (0.3) -0.2 - - - - Others, Corporate and eliminations (19.8) (18.3) 1.5 - - (2.9) (3.2) -0.3 - - - - Total 523.2 593.0 69.7 + 13.3% + 5.8% 27.0 51.8 24.9 + 92.2% + 79.8% 5.2% 8.7% Yen/US$ 148.58 158.32 + 6.6% 148.58 158.32 + 6.6% Yen/EUR 162.72 184.54 + 13.4% 162.72 184.54 + 13.4% 2025 6 Months 2026 6 Months Change % Change Operating income Operating margin 2025 6 Months 2026 6 Months Change % Change Net sales % Change on a local currency basis % Change on a local currency basis 2025 6 Months 2026 6 Months （Billion yen）
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11 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. 11 Packaging & Graphic Net sales Sales of principal productsOperating income/margin *Change on a local currency basis2026 Operating Income 2025 2025 6 Months 2026 6 Months Change % Change % Change on a local currency basis 2025 6 Months 2026 6 Months Change % Change % Change on a local currency basis 2025 6 Months 2026 6 Months Packaging & Graphic 268.8 307.2 38.4 + 14.3% + 6.5% 13.4 21.7 8.4 + 62.6% + 52.7% 5.0% 7.1% Japan 62.2 67.4 5.2 + 8.4% + 8.4% 2.5 4.5 2.0 + 79.4% + 79.4% 4.0% 6.6% The Americas and Europe 172.7 199.9 27.1 + 15.7% + 5.3% 8.2 13.6 5.5 + 67.0% + 52.9% 4.7% 6.8% Asia and Oceania 41.0 47.9 6.9 + 16.9% + 9.3% 2.6 3.7 1.0 + 39.6% + 32.6% 6.4% 7.7% Eliminations (7.1) (8.0) -0.9 - - 0.1 (0.1) -0.1 - - - - （Billion yen） Net sales Operating income Operating margin • Demand for packaging inks was weak, as elevated consumer prices led to a decrease in consumption, but certain customers brought forward procurement amid concerns surrounding the situation in the Middle East. • Thanks to efforts to adjust sales prices, sales increased in all geographic operating regions. • Steps taken to expand sales of high-value-added products, including jet inks and security inks, and to revise sales prices in response to raw materials price increases underpinned sharp operating income gains in all geographic operating regions. % Change Packaging inks* + 5% Publication inks* + 4% Jet inks + 8% Polystyrene + 12% Multilayer films + 11% Sales were up, owing to frontloaded demand and the progress of sales price revisions. Sales were up, owing to frontloaded demand and the progress of sales price revisions. Sales increased, underpinned by brisk shipments. Sales rose, reflecting the adjustment of sales prices to counter higher raw materials prices. Sales rose, reflecting the adjustment of sales prices to counter higher raw materials prices.
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12 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. 12 Color & Display Net sales Operating income Sales of principal productsOperating income/margin *Change on a local currency basis20262025 • Despite uneven demand and higher raw material costs, overall segment sales were level in local currency thanks to frontloaded demand and pricing actions. Segment sales increased, reflecting the positive impact of a weaker yen on sales overseas after translation. • A ¥5.9 billion reversal of a previously recorded liability for repairs, among others, led to a one-time gain in the first quarter. • Sales price revisions and efforts to reduce costs, primarily through structural reforms, bolstered profitability, leading to a significant increase in segment operating income. 2025 6 Months 2026 6 Months Change % Change % Change on a local currency basis 2025 6 Months 2026 6 Months Change % Change % Change on a local currency basis 2025 6 Months 2026 6 Months Color & Display 131.3 142.5 11.2 + 8.6% + 0.1% 5.7 12.0 6.3 2.1 times 2.0 times 4.3% 8.4% Japan 18.0 18.2 0.2 + 1.1% + 1.1% 3.1 3.0 -0.1 -3.3% -3.3% 17.1% 16.3% Overseas 123.4 134.5 11.1 + 9.0% -0.6% 2.6 9.1 6.4 3.4 times 3.0 times 2.1% 6.7% Eliminations (10.1) (10.2) -0.1 - - (0.1) (0.0) 0.0 - - - - （Billion yen） Net sales Operating income Operating margin % Change* Pigments for coatings + 2% plastics + 7% printing inks + 3% cosmetics -2% displays + 8% specialty applications -3% Sales were increased, as display manufacturers stepped up operating rates. Sales were firm for Architectural and Industrial Coatings. Shipments advanced for agricultural use, but were down for other applications. Sales rose, bolstered by an expanded market share. Business stable, strategic decision to discontinue sale of low value products. Frontloaded demand led to an increase in sales.
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13 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. 13 Functional Products Net sales Operating income Sales of principal productsOperating income/margin 20262025 In the area of digital materials, results were brisk for epoxy resins, industrial-use adhesive tapes and ultraviolet (UV)-curable resins. Shipments of polyphenylene sulfide (PPS) compounds were robust for both mobility solutions and housing equipment. Sales of resins for coatings increased, reflecting customer efforts to stockpile inventories, particularly in overseas markets. 2025 6 Months 2026 6 Months Change % Change % Change on a local currency basis 2025 6 Months 2026 6 Months Change % Change % Change on a local currency basis 2025 6 Months 2026 6 Months Functional Products 143.0 161.6 18.6 + 13.0% + 7.6% 10.9 21.3 10.5 + 96.4% + 86.8% 7.6% 13.2% Japan 88.9 97.8 8.9 + 10.1% + 10.1% 5.2 12.2 7.0 2.3 times 2.3 times 5.9% 12.4% Overseas 69.8 83.3 13.5 + 19.4% + 8.1% 5.7 9.4 3.7 + 65.7% + 47.6% 8.2% 11.3% Eliminations (15.7) (19.5) -3.9 - - (0.0) (0.3) -0.2 - - - - （Billion yen） Net sales Operating income Operating margin • Shipments of high-value-added products for use in electronics equipment were brisk. This, together with customers bringing forward procurement of coating resins amid expectations surrounding the situation in the Middle East, boosted net sales. • Increased sales of high-value-added products and the progress of sales price adjustments implemented in response to rising raw materials price underpinned a sharp increase in segment operating income. % Change % Change + 23% + 12% Industrial-use adhesive tapes + 14% + 8% + 26% + 6% Polyphenylene sulfide (PPS) compounds Epoxy resins UV-curable resins Resins for coatings Hollow-fiber membrane modules
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14 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. 14 Functional Products (Supplementary materials) ⚫ Results for the Chemitronics Business Division (accounted for in the Functional Products segment) Principal products: Epoxy and other thermosetting resins for packaging substrates and printed circuit boards, industrial-use adhesive tapes, ultraviolet (UV)-curable resins, photoresist polymers and compounds, surfactants Net sales Operating income • Shipments of epoxy resins rose significantly, bolstered by higher demand for semiconductors for AI-related applications. • Industrial-use adhesive tapes were buttressed by steady efforts to lock in demand for use in smartphones and other mobile devices, which led to broader adoption. 2025 6 Months 2026 6 Months Change % Change 2025 6 Months 2026 6 Months Change % Change 2025 6 Months 2026 6 Months Chemitronics Business Division 30.0 37.6 7.6 + 25.5% 3.3 8.1 4.9 2.5 times 10.9% 21.6% （Billion yen） Net sales Operating income Operating margin • Segment operating income increased significantly, reflecting robust shipments of high-value-added products, together with the progress of efforts to adjust sales prices to counter higher raw materials prices.
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15 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. 15 FY2026 forecasts: Full-term operating results *² ROIC: Operating income x (1 – tax rate 28%) / (Net interest-bearing debt + Net assets) *³ Net D/E ratio: Net interest-bearing debt / Shareholders’ equity *¹ EBITDA: Net income attributable to owners of the parent + Total income taxes + (Interest expenses – Interest income) + Depreciation and amortization + Amortization of goodwill Takes into account the impact of the purchase of treasury share (Billion yen) Net sales 1,052.2 1,140.0 + 8.3% 1,100.0 Operating income 52.2 78.0 + 49.4% 56.0 Operating margin 5.0% 6.8% － 5.1% Ordinary income 44.2 73.0 + 65.0% 48.0 32.4 48.0 + 48.4% 33.0 EPS (Yen) 341.71 507.99 － 348.54 EBITDA*¹ 109.3 130.0 + 19.0% 111.0 Capital expenditure and investment 42.6 53.4 + 25.4% 53.4 Depreciation and amortization 55.0 54.7 -0.5% 54.7 Average rate Yen/US$ 150.08 150.00 -0.1% 150.00 Yen/EUR 169.58 175.00 + 3.2% 168.00 Old forecasts2025 2026 Forecasts % Change Net income attributable to owners of the parent ROIC*² 4.4% 6.4% ROE 7.4% 10.1% Net D/E ratio*³ (times) 0.83 0.80 Annual dividends per share (Yen) 200.00 150.00 Payout ratio 58.5% 50.0% 2025 2026 Forecasts ◼ Even with a reversal of the trend toward inventory stockpiling by customers concerned about the situation in the Middle East, higher raw materials prices and other downside risks factored in, operating income in fiscal year 2026 is expected to reach a record high. ◼ Ordinary income and net income attributable to owners of the parent are also expected to set new records.
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16 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. 16 Forecast for changes in operating income in the second half of fiscal year 2026 （Billion yen） Factoring in the impact of the potential backlash from front-loaded demand as well as the risk of yen appreciation (Before one-time gain) ◼ Owing to the absence of a one-time gain, as well as to seasonal factors in the Color & Display segment, operating income in the second half is expected to be lower than in the first half. ◼ Even factoring in a conservative estimate of downside risks in the second half, operating income for the full term is expected to reach a record high. Sales volume & product mix 2025 H1 Raw materials prices Sales prices Structural reforms in the pigments business Costs Forex & others 2026 H1 One-time gain 2026 H1 Seasonal factors in the Color & Display segment One-time gain Risks related to reactions to the crisis in the Middle East Exchange rate assumptions 2026 H2 Forecast
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17 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. 17 Operating income variance （Billion yen） Robust results for chemitronics and other high-value added products (Before one-time gain) Rapid progress in the revision of sales prices
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18 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. 18 FY2026 forecasts: Full-term segment results Packaging & Graphic 549.7 591.7 42.1 + 7.7% 31.1 37.5 6.4 + 20.7% 5.7% 6.3% 577.0 30.0 Japan 125.5 127.7 2.2 + 1.8% 5.8 7.7 1.9 + 32.1% 4.6% 6.0% 128.0 6.0 The Americas and Europe 353.0 386.3 33.3 + 9.4% 18.6 23.0 4.4 + 23.4% 5.3% 5.9% 373.0 17.5 Asia and Oceania 85.0 91.6 6.7 + 7.8% 6.5 6.9 0.4 + 6.7% 7.6% 7.5% 88.0 6.5 Eliminations (13.8) (13.9) -0.2 - 0.2 (0.1) -0.2 - - - (12.0) 0.0 Color & Display 246.4 266.1 19.7 + 8.0% 5.0 13.9 8.9 2.8 times 2.0% 5.2% 255.0 8.5 Japan 34.4 35.9 1.5 + 4.3% 4.9 6.1 1.2 + 24.4% 14.3% 17.0% 36.0 6.1 Overseas 230.3 248.2 17.9 + 7.8% 0.1 7.8 7.7 85.7 times 0.0% 3.1% 236.0 2.4 Eliminations (18.4) (18.1) 0.3 - (0.0) (0.0) 0.0 - - - (17.0) 0.0 Functional Products 290.9 314.9 24.0 + 8.3% 23.1 34.1 11.0 + 47.5% 7.9% 10.8% 298.0 24.5 Japan 179.7 192.8 13.1 + 7.3% 10.8 18.5 7.7 + 71.4% 6.0% 9.6% 181.0 11.4 Overseas 143.1 157.0 13.8 + 9.7% 12.3 15.8 3.5 + 28.9% 8.6% 10.1% 147.0 13.1 Eliminations (32.0) (34.9) -2.9 - 0.0 (0.3) -0.3 - - - (30.0) 0.0 Others, Corporate and eliminations (34.7) (32.6) 2.0 - (6.9) (7.4) -0.5 - - - (30.0) (7.0) Total 1,052.2 1,140.0 87.8 + 8.3% 52.2 78.0 25.8 + 49.4% 5.0% 6.8% 1,100.0 56.0 Yen/US$ 150.08 150.00 -0.1% 150.08 150.00 -0.1% 150.00 150.00 Yen/EUR 169.58 175.00 + 3.2% 169.58 175.00 + 3.2% 168.00 168.00 2025 2026 Forecast Change % Change2025 2026 Forecast Change % Change Old Forecasts 2026 Net Sales 2026 Operating income （Billion yen） Operating income Operating margin 2025 2026 Forecast Net sales
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19 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. 19 Functional Products (Supplementary materials) ⚫ Results for the Chemitronics Business Division (accounted for in the Functional Products segment) 2025 2026 Forecast Change % Change 2025 2026 Forecast Change % Change 2025 2026 Forecast Chemitronics Business Division 65.3 78.1 12.8 + 19.7% 7.8 14.1 6.3 + 80.6% 12.0% 18.1% （Billion yen） Net sales Operating income Operating margin ◼ While spreads are expected to narrow in the second half, owing to shipments of high-cost inventories, efforts to lock in demand for products for semiconductor-related applications are expected to support high growth.
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20 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. Attachments 20
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21 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. 21 Major topics (May 2026 to August 2026) 21 News release 2026https://www.dic-global.com/en/news/2026/ News release 2026 https://www.dic-global.com/en/news/2026/ DIC earns the highest rating in the CDP’s 2025 Supplier Engagement Assessment for the first timeJun DIC receives the Minister of Economy, Trade and Industry Award in the 25th Green Sustainable Chemistry (GSC) Awards for its commercialization of an active ester epoxy resin curing agent. Jun DIC publishes the DIC Report 2026 integrated report Japanese Version English version: Scheduled for release in August-September 2026 Separating this report from the sustainability report has reinforced the disclosure of information that communicates DIC’s medium- to long-term corporate value Jul DIC establishes investment management subsidiary DIC D2S ventures in European deep tech hubMay DIC holds international physical AI innovation summit in SwitzerlandJul DIC publishes the DIC Sustainability Report 2026, its first-ever standalone sustainability report Separating this report from the integrated report has enhanced the comprehensiveness of its environment, social and governance (ESG) information and strengthened global disclosure Jul
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22 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. 22 Business segments and principal products Note: Fiscal year 2025 actual Principal products Packaging & Graphic Color & Display Functional Products Sales ratio Sales ratio Sales ratio Value provided Packaging inks Jet inks Pigments for display Agriculture Hollow-fiber membrane modulesIndustrial tapes PPS compounds Epoxy resins ◆ Digital materials (used principally in electrical and electronics equipment and displays)◆ Film Ink Adhesive Film Packaging materials that bring safety and peace of mind Color and display materials that make life colorful Functional products that add comfort Packaging materials ←Polystyrene ↓Multilayer filmsPackaging adhesives For Deposit Return Schemes, etc. Pigments for cosmetics Pigments for coatings Pigments for plastics Pigments for inks Pigments for specialty applications Building materials UV-curable resins ◆ Industrial materials (used primarily in mobility solutions (vehicles, etc.))◆ Waterborne resins Acrylic resins Polyurethane resins Polyester resins Net sales Operating income Operating margin ¥549.7 bn ¥31.1 bn 5.7% Net sales Operating income Operating margin ¥246.4 bn ¥5.0 bn 2.0% Net sales Operating income Operating margin ¥290.9 bn ¥23.1 bn 7.9% Breakdown of Segment Sales by Demand Industry (Reference) Automotive components: Automotive exterior and interior coatings: Security inks (for anti-counterfeiting purposes)
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23 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. 23 Regarding partial changes to disclosure of segment information • In Phase 2 of its DIC Vision 2030 long-term management plan, which commences in fiscal year 2026, DIC has identified “Maximizing cash generation by improving capital efficiency” as a priority theme. As a metric to measure its progress toward this goal, the Company has set return on invested capital (ROIC) targets for fiscal year 2030 for each segment and is working to achieve high asset and capital efficiency that exceeds its cost of capital. • Accordingly, effective from fiscal year 2026 the Company has changed the way it measures segment information to more accurately reflect each segment’s asset and capital efficiency. • Segment information for the FY 2025 in this presentation material has been recalculated using the new method. • The impact of this change on operating income is expected to be negligible. Packaging & Graphic 549.7 549.7 31.1 0.0 31.1 Japan 125.5 125.5 5.8 5.8 The Americas and Europe 353.0 353.0 18.6 18.6 Asia and Oceania 85.0 85.0 6.5 6.5 Eliminations (13.8) (13.8) 0.2 0.0 0.2 Color & Display 247.5 -1.1 246.4 5.0 0.0 5.0 Japan 34.4 34.4 4.9 4.9 Overseas 230.3 230.3 0.1 0.1 Eliminations (17.3) -1.1 (18.4) (0.0) 0.0 (0.0) Functional Products 290.9 290.9 23.1 0.0 23.1 Japan 179.7 179.7 10.8 10.8 Overseas 143.1 143.1 12.3 12.3 Eliminations (32.0) (32.0) 0.0 0.0 0.0 Others, Corporate and eliminations (35.8) 1.1 (34.7) (7.0) 0.1 (6.9) Total 1,052.2 0.0 1,052.2 52.2 0.0 52.2 Results for the Chemitronics Business Division (accounted for in the Functional Products segment) Chemitronics Business Division 65.3 65.3 7.8 0.0 7.8 （Billion yen） 2025 Net sales Before Change After After 2025 Operating income Before Change
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24 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. 24 Quarterly trends in segment results Packaging & Graphic 134.0 134.8 137.3 143.6 145.2 161.9 6.7 6.7 7.9 9.8 8.3 13.4 Japan 30.7 31.5 31.2 32.1 30.7 36.7 1.0 1.5 1.7 1.6 1.2 3.3 The Americas and Europe 86.4 86.3 87.7 92.6 95.7 104.2 4.4 3.8 4.6 5.8 5.5 8.1 Asia and Oceania 20.5 20.4 21.7 22.3 22.6 25.3 1.3 1.4 1.6 2.3 1.6 2.1 Eliminations (3.6) (3.5) (3.3) (3.4) (3.7) (4.3) (0.0) 0.1 0.0 0.0 (0.0) (0.0) Color & Display 68.6 62.7 60.6 54.4 69.7 72.9 2.8 2.9 1.2 (1.9) 8.5 3.5 Japan 8.9 9.2 8.2 8.1 8.3 9.9 1.3 1.7 1.0 0.8 0.9 2.1 Overseas 65.1 58.3 56.4 50.5 66.4 68.1 1.6 1.0 0.2 (2.7) 7.5 1.5 Eliminations (5.4) (4.8) (4.1) (4.2) (5.0) (5.2) (0.2) 0.1 (0.0) 0.0 0.0 (0.0) Functional Products 70.8 72.1 72.9 75.0 76.7 84.8 5.2 5.7 6.0 6.2 9.1 12.3 Japan 43.8 45.1 43.4 47.4 46.5 51.4 2.5 2.8 2.7 2.9 5.0 7.2 Overseas 34.6 35.1 37.4 36.0 39.9 43.4 2.7 2.9 3.3 3.3 4.2 5.3 Eliminations (7.6) (8.1) (7.9) (8.4) (9.6) (9.9) (0.0) 0.0 0.1 0.0 (0.1) (0.1) Others, Corporate and eliminations (11.3) (8.5) (8.2) (6.7) (9.1) (9.2) (1.6) (1.3) (1.7) (2.3) (1.3) (1.9) Total 262.1 261.1 262.6 266.3 282.5 310.5 13.1 13.9 13.5 11.7 24.5 27.3 Operating income 2026 Apr-Jun 2026 Apr-Jun 2026 Jan-Mar 2025 Jan-Mar 2025 Apr-Jun 2025 Jul-Sep 2025 Oct-Dec （Billion yen） 2025 Apr-Jun Net sales 2025 Jul-Sep 2025 Oct-Dec 2026 Jan-Mar 2025 Jan-Mar
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25 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. 25 Consolidated balance sheet (Billion yen) Dec 31 2025 Jun 30 2026 Change Current assets 627.5 679.0 51.5 Property, plant and equipment 371.1 374.8 3.7 Intangible assets 62.1 61.3 -0.9 Investments and other assets 213.3 215.6 2.3 Total assets 1,274.1 1,330.7 56.6 Current liabilities 386.5 393.3 6.8 Non-current liabilities 396.7 407.6 10.9 Total liabilities 783.2 800.9 17.7 Shareholders' equity 399.2 422.2 23.0 Accumulated other comprehensive income 71.7 87.8 16.1 [Foreign currency translation adjustment] [64.2] [81.8] [17.7] Non-controlling interests 20.0 19.8 -0.2 Total net assets 490.8 529.8 39.0 Total liabilities and net assets 1,274.1 1,330.7 56.6 Interest-bearing debt 458.3 453.5 -4.8 Cash and deposits 68.9 70.7 1.8 Net interest-bearing debt 389.4 382.8 -6.6
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26 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. 26 Consolidated statement of cash flows (Billion yen) 2025 6 Months 2026 6 Months Change Cash flows from operating activities 21.5 42.1 20.5 Cash flows from investing activities (15.5) (17.9) -2.4 Cash flows from financing activities (3.8) (27.5) -23.7 Cash and cash equivalents at end of the period 56.4 68.2 11.8 Free cash flow 6.0 24.1 18.1 Increase (decrease) in working capital (19.0) (18.5) 0.5 Capital expenditure and investment 20.7 23.0 2.3 Depreciation and amortization, Amortization of goodwill 26.7 28.2 1.5
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27 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. 27 Historical performance data Operating results Financial health * Net D/E ratio: Net interest-bearing debt / Shareholders’ equity
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28 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. Payout ratio (%) 29.4% 36.9% 40.3% 71.5% 216.8% 53.7% - 44.4% 58.5% 50.0% Acquisition of own shares （Billion yen） 10.0 28 Historical performance data Capital expenditure and investment, operating cash flowsShareholder returns *EBITDA: Net income attributable to owners of the parent + Total income taxes + (Interest expenses – Interest income) + Depreciation and amortization + Amortization of goodwill EBITDA*ROE, ROIC* * Operating income x (1 – tax rate 28%) / (Net interest-bearing debt + Net assets) Year-end (Yen) Interim (Yen) Special (Yen)
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29 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. 29 Assumptions used in the preparation of this document 【Fiscal year】 The fiscal year of all overseas and domestic companies in the DIC Group ends on December 31. This document presents consolidated results for the first six months of fiscal year 2026, ended June 30, 2026. 【FX rate】 2026 Assumptions Previous assumptions Jan-Mar Jan-Jun Jan-Sep Jan-Dec Jan-Mar Jan-Jun H2 Jan-Dec Yen/US$ average rate 152.46 148.58 148.42 150.08 156.49 158.32 150.00 150.00 Yen/US$ closing rate 149.05 143.91 148.29 156.60 159.62 162.30 150.00 150.00 【Raw materials】 2026 Assumptions Previous assumptions Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun H2 Jan-Dec Crude oil (West Texas Intermediate) (US$/bbl) 71.40 63.70 64.90 59.10 71.90 92.80 75.00 65.00 Naphtha produced in Japan (¥/kl) 73,400 66,300 63,200 65,600 65,700 118,000 85,500 65,000 2026 20262025 2025
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30 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. 30 Statements herein, other than those of historical fact, are forward-looking statements that reflect management’s projections based on information available as of the publication date. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from such statements. These risks and uncertainties include, but are not limited to, economic conditions in Japan and overseas, market trends, raw materials prices, interest rate trends, currency exchange rates, conflicts, litigations, disasters and accidents, as well as the possibility the Company will incur special losses related to the restructuring of its operations. Disclaimer regarding forward-looking statements
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31 #1 COPYRIGHT © DIC CORPORATION ALL RIGHTS RESERVED. 31