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Dexerials Corporation FY26Q1 Financial Results August 4, 2026
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Contents 2 FY26Q1 Financial Results Summary FY26 Earnings Forecast The forward-looking statements including earnings forecasts contained in this document are based on information currently available to us and certain assumptions that we believe are reasonable. Accordingly, we can give no assurance that such statements will prove to be correct. Actual results may differ from the results anticipated in these forward-looking statements due to a variety of factors. Disclaimer with respect to earnings and other forecasts 2
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Net sales: 123.0 billion JPY, Business profit: 40.0 billion JPY YoY increase in sales and profit (FX rate: 150.0 JPY/US$) ➢ No change to the full-year forecast. Although changes in seasonality are expected due to the business environment, progress is in line with the full-year forecast. Highlights Net sales: 27.1 billion JPY, Business profit: 8.2 billion JPY YoY increase in sales and profit (FX rate: 159.5 JPY/US$) ➢ Net sales Excluding the impact of foreign exchange, net sales decreased due to weaker sales of Anti- reflection Film (ARF) for laptop PCs, reflecting the rebound from replacement demand in the previous fiscal year, and for automotive applications due to intensified competition in the Chinese automotive market, despite strong sales of high-value-added products, including Smart precision Adhesives and Pre-cut Anisotropic Conductive Film (ACF), both for high-end smartphone camera modules, as well as optical semiconductors. ➢ Business profit Excluding the impact of foreign exchange, business profit decreased due to lower net sales and higher fixed costs resulting from growth investments mainly for optical semiconductors. FY26 Forecast FY26Q1 Results 3
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FY26Q1 Financial Results Summary （April 1, 2026 - June 30, 2026）
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FY26Q1 Market and Dexerials Trends of Major Final Products (YoY) Final products Market Trend Image Trend of Dexerials Smartphones • Market: Rising memory prices. • Dexerials: Expanded sales of products for high-end smartphone camera modules. Laptop PCs • Market: Remained at the level of the previous year. • Dexerials: Negative impact from the rebound following replacement demand for Anti-reflection Film (ARF) in the previous fiscal year. Automotives • Market: Remained at the level of the previous year. • Dexerials: Negative impact from the slowdown in the Chinese automotive market. Optical semiconductors (Optical transceivers) • Market: Continued expansion of demand for data centers. • Dexerials: Expanded sales of high-speed response photodiodes to a major customer. 5
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YoY Change (Unit: JPY Mil) Excluding FX effects Net Sales 26,140 27,182 +4.0% -3.5% Business Profit 7,899 8,275 +4.8% -17.1% Operating Profit 7,985 8,588 +7.5% Profit before Tax 7,709 8,705 +12.9% Profit 5,565 6,241 +12.1% Basic Earnings per Share 33.14Yen 37.25Yen +12.4% EBITDA 9,667 10,212 +5.6% -12.2% EBITDA Margin 37.0% 37.6% +0.6%Pt -3.3%Pt 25Q1 26Q1 FY26Q1 Financial Results Summary 6 (Note) EBITDA = Business profit + Depreciation expense recorded as cost of sales and selling, general and administrative expenses
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FY26Q1 Changes in Sales by Application (YoY) 25Q1 Others 144.6 JPY/US$ 159.5 JPY/US$ Auto- motives FX 7 Smart- phones Laptop PCs 26Q1 574 Lower sales volumes of Anti-reflection Film (ARF) had a negative impact, despite strong sales of high-value-added products for high-end smartphone camera modules and optical semiconductors. Optical semicon- ductors ー9 271261 +19(Unit: JPY 100 Mil) (Notes) Includes estimates Others include Tablets and Desktop monitors
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144.6 JPY/US$ 159.5 JPY/US$ FY26Q1 Business Profit Analysis (YoY) 8 ◆EBITDA 8 Price/Mix Fixed Costs, etc. FX (Unit: JPY 100 Mil) (Unit: JPY 100 Mil) Lower sales volumes of Anti-reflection Film (ARF) and increased fixed costs, mainly due to growth investments in the optical semiconductor business, a key growth area. (Note) DXPS is an abbreviation for Dexerials Photonics Solutions Corporation, a consolidated subsidiary engaged in the photonics business. ー13 79 82 +17 25Q1 26Q1Volume/Mix 96 102 25Q1 26Q1 Increase in: ・ DXPS expenses ・ Depreciation ・ Human capital investment ・ IT & DX expenses
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25Q1 26Q1 119.3 103.2 Segment Summary FY26Q1 Optical Materials & Components (YoY) 99 〈Main factors behind changes in sales (Excluding FX effects)〉 ■Anti-reflection Film (ARF)： Net sales decreased due to the rebound from replacement demand for laptop PCs in the previous fiscal year and intensified competition in the Chinese automotive market. ■Optical resin materials： Net sales increased due to strong sales of Smart precision Adhesives for camera modules. (Note) Net sales of the Optical Materials & Components segment include inter-segment transactions ◆Sales and Change by Category Anti-reflection Film (ARF) －34％ (－37％） Optical resin materials +13％ (+5％） <Optical elastic resins (SVR), Smart precision Adhesives, etc.> 26Q1 ◆Business Profit Analysis (Unit: JPY 100 Mil) 159.5 JPY/US$ 144.6 JPY/US$ Price /Mix Volume /Mix Fixed Costs, etc. FX25Q1 (Note) changes in parentheses indicate excluding FX effects. (Unit: JPY 100 Mil) +5 2733 (Unit: JPY Mil) Excluding FX effects Net Sales 11,933 10,329 -13.4% -18.8% Business Profit 3,329 2,713 -18.5% -34.4% EBITDA 4,161 3,551 -14.7% -27.4% 25Q1 26Q1 YoY Change
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25Q1 26Q1 Segment Summary FY26Q1 Electronic Materials & Components (YoY) 1010 〈Main factors behind changes in sales (Excluding FX effects) 〉 ■ Anisotropic Conductive Film (ACF): Net sales increased due to strong sales of Pre-cut ACF for camera modules. ■ Secondary Protection Fuse: Net sales decreased, mainly for power tools. ■ Photonics: Net sales increased due to expanded shipment volumes of high-speed response photodiodes and monitor photodiodes. Secondary protection fuse －7％ (－13％) Adhesive materials ±0% (−6%) Photonics +69％ (+57％) <Inorganic Optical Components and Optical Semiconductors> Anisotropic Conductive Film (ACF) +13％ (+4％) ◆Sales and Change by Category (Unit: JPY 100 Mil) ◆Business Profit Analysis (Unit: JPY 100 Mil) (Note) changes in parentheses indicate excluding FX effects. (Note) Net sales of the Electronic Materials & Components segment include inter-segment transactions (Unit: JPY Mil) Excluding FX effects Net Sales 14,390 17,080 +18.7% +9.5% Business Profit 4,570 5,561 +21.7% -4.5% EBITDA 5,505 6,660 +21.0% -0.8% 25Q1 26Q1 YoY Change 143.9 170.8 － 6 45 55 +11 26Q1 159.5 JPY/US$ 144.6 JPY/US$ Price /Mix Volume /Mix Fixed Costs, etc. FX25Q1
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FY26 Earnings Forecast （April 1, 2026 - March 31, 2027）
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(Unit: JPY Mil) 150.8JPY/US$ 150.0JPY/US$ Excluding FX effects Net Sales 113,832 123,000 +8.1% +8.2% Business Profit 39,352 40,000 +1.6% +2.1% Operating Profit 38,097 38,500 +1.1% Profit Before Tax 38,388 38,500 +0.3% Profit Attributable to Owners of Parent 28,009 27,500 -1.8% Basic Earnings Per Share 166.48Yen 163.45Yen -1.8% Dividend Per Share 58.0Yen 64.0Yen +6.0 Yen Dividend Payout Ratio 34.8% 39.2% DOE 9.5% 9.2% Total Value of Share Buyback 4,999 － Total Payout Ratio 54.0% － EBITDA 46,892 48,700 +3.9% +4.3% EBITDA Margin 41.2% 39.6% -1.6%Pt -1.5%Pt ROIC 22.8% 17.8% -5.0%Pt ROE 27.3% 23.7% -3.6%Pt FY25 YoY ChangeFY26 1212 FY26 Earnings Forecast: No Change (Notes) Total payout ratio = (Total annual dividends + Total share repurchases excluding ones for incentive purposes) / Profit attributable to owners of parent × 100 EBITDA = Business profit + Depreciation expense recorded as costs of selling, general and administrative expenses ROIC = (Business profit x (1 – Effective tax rate)) / (Equity attributable to owners of parent+ Interest-bearing debt) x 100 Total payout ratio: approx. 60% (cumulative over MTMP period for 5 years）
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FY26 Earnings Forecast by Segment： No Change 1313 (Note) Net sales by segment include inter-segment transactions FY25 FY26 (Unit: JPY Mil) 150.8JPY/US$ 150.0JPY/US$ Optical Materials and Components Net Sales 47,971 49,000 +2.1% Business Profit 14,308 14,800 +3.4% Margin 29.8% 30.2% +0.4%Pt EBITDA 17,847 18,500 +3.7% Electronic Materials and Components Net Sales 66,724 74,000 +10.9% Business Profit 25,043 25,200 +0.6% Margin 37.5% 34.1% -3.5%Pt EBITDA 29,044 30,200 +4.0% Consolidated Total Net Sales 113,832 123,000 +8.1% Business Profit 39,352 40,000 +1.6% Margin 34.6% 32.5% -2.0%Pt EBITDA 46,892 48,700 +3.9% YoY Change
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FY26 Changes in Sales by Application (YoY) 1414 +94 FY25 Others 150.8 JPY/US$ Automotives FXSmart- phones Laptop PCs (Unit: JPY 100 Mil) 150.0 JPY/US$ FY26 (Notes) Includes estimates Others include Tablets and Desktop monitors 1,138 1,230 －2 Optical semicon- ductors
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FY26 Business Profit Analysis (YoY) 1515 +8 －1 Increase in: ・DXPS expenses ・Depreciation ・Human capital investment ・IT ＆ DX expenses FY25 Price/Mix Fixed Costs FX (Unit: JPY 100 Mil) Volume/Mix (Note) DXPS is an abbreviation for Dexerials Photonics Solutions Corporation, a consolidated subsidiary engaged in Photonics domain. FY26 150.8 JPY/US$ 150.0 JPY/US$ 393 ４００
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Shareholder Returns 38 39 60 102 101 11140 90 60 99 49 FY21 FY22 FY23 FY24 FY25 FY26 Total Dividends （JPY 100 Mil） Total Value of Share Buyback （JPY 100 Mil） EPS 101.36 Yen 129.77 Yen 129.76 Yen 162.04 Yen 166.48 Yen 163.45 Yen Dividend per Share 20.0 Yen 21.7 Yen 33.3 Yen 58.0 Yen 58.0 Yen 64.0 Yen Dividend Payout Ratio 21.8% 18.5% 25.7% 35.8% 34.8% 39.2% DOE 6.2% 5.6% 7.5% 10.9% 9.5% 9.2% Total Payout Ratio 42.3% 56.6% 53.3% 73.2% 54.0% ー (Notes) EPS is taken from after amortization of goodwill until FY22. EPS and annual dividends are calculated assuming the stock split was conducted at the beginning of FY2１. 101.36 129.77 129.76 162.04 166.48 163.45 ◆ Mid-Term Management Plan Return Policy ◆ Cash Dividends Planned interim dividend of 32.0 yen per share, and year-end dividend of 32.0 yen per share JGAAP IFRS ● EPS（JPY） Total payout ratio （Cumulative total for 5 years） of approx. 60% Consolidated dividend payout ratio of approx. 40% Lower limit of DOE at 7% （With stable dividends in mind） (Planned) 16
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Appendix
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FY26Q1 Changes in Sales by Application (QoQ) 1818 OthersAuto- motives FXSmart- phones Laptop PCs (Unit: JPY 100 Mil) 25Q4 155.9 JPY/US$ 159.5 JPY/US$ 26Q1 +1 Optical semicon- ductors 265 271 +5 (Notes) Includes estimates Others include Tablets and Desktop monitors
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(Unit: JPY Mil) 25Q4 26Q1 Change Net Sales 16,431 17,080 +3.9% Business Profit 5,575 5,561 -0.2% EBITDA 6,646 6,660 +0.2% Change Change －4％ +1％ +6％ +15％ +4％ Adhesive materials Anisotropic Conductive Films (ACF) Secondary protection fuses Photonics <Inorganic Optical Components and Optical Semiconductors> Segment Total (including inter-segment transactions) Anti-reflection Film (ARF) Optical resin materials <Optical elastic resins (SVR), Smart precision Adhesives, etc.> FY26Q1 Segment Summary (QoQ) 19 ◆ Optical Materials & Components （QoQ Change by category） ◆ Electronic Materials & Components （QoQ Change by category） Segment Total (including inter-segment transactions) (Unit: JPY 100 Mil) Category Name Category Name (Unit: JPY Mil) 25Q4 26Q1 Change Net Sales 10,299 10,329 +0.3% Business Profit 2,305 2,713 +17.7% EBITDA 3,266 3,551 +8.7% 25Q4 26Q1 102.9 103.2 25Q4 26Q1 164.3 170.8 －9％ +4％ ±0％
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20 Summary of Consolidated Financial Condition and Cash Flows 20 ◆Summary of Consolidated Financial Condition ◆Summary of Consolidated Cash Flows (Unit: JPY Mil) As of Mar 2026 As of Jun 2026 Amt Change Current Assets 49,500 50,787 1,286 Cash and Cash Equivalents 16,655 15,189 -1,466 Non-current Assets 115,603 126,302 10,699 PP&E 76,858 87,278 10,420 Total Assets 165,104 177,090 11,986 Total Liabilities 55,740 65,660 9,919 Interest-bearing Liabilities 16,506 20,302 3,796 Total Equity 109,363 111,430 2,066 Total Liabilities and Equity 165,104 177,090 11,986 Net Cash 149 -5,113 -5,262 Ratio of Equity Attributable to Owners of Parent to Total Assets 66.2% 62.9% -3.3%pt Net D/E Ratio -0.00 0.05 +0.05 (Unit: JPY Mil) 25Q1 26Q1 Amt Change Operating Cash Flow 1,031 4,797 +3,765 Investing Cash Flow -2,092 -5,279 -3,186 Free Cash Flow -1,061 -482 +579 Financing Cash Flow -7,928 -1,123 +6,805 Cash Balance 25,843 15,189 -10,654
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Percentage of issued shares Number of shares Number of issued shares 100.0% 174,741,400 Common stock (excluding treasury shares) 95.9% 167,532,941 Treasury shares 4.1% 7,208,459 0.0% 0 4.1% 7,207,256 Employee Stock Ownership Plan (J-ESOP) 3.4% 5,946,900 Board Benefit Trust-Restricted Stock (BBT-RS) 0.2% 407,264 With restrictions on transfer 0.5% 853,092 Others 0.0% 1,203 Itemｓ Number of treasury shares held for non-incentive purposes Number of treasury shares held for incentive purposes 21 Treasury Shares Held as of June 30, 2026 21
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22 Quarterly Data 22 (Notes) Net sales by segment include inter-segment transactions CapEx excludes fixed assets under lease contracts FY25 FY26 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Consolidated Total Net Sales 26,140 31,315 29,839 26,535 113,832 27,182 Business Profit 7,899 12,253 11,317 7,880 39,352 8,275 Business Profit Margin 30.2% 39.1% 37.9% 29.7% 34.6% 30.4% EBITDA 9,667 14,056 13,254 9,913 46,892 10,212 Profit Attributable to Owners of Parent 5,565 7,845 7,856 6,741 28,009 6,241 CapEx 2,427 2,335 4,515 7,496 16,774 33,318 Depreciation 1,767 1,802 1,936 2,032 7,540 2,061 R&D Expenses 1,467 1,679 1,596 1,997 6,740 1,596 FX Rate (JPY/US$) 144.6 147.5 154.2 156.9 150.8 159.5 Optical Materials and Components Net Sales 11,933 13,417 12,321 10,299 47,971 10,329 Business Profit 3,329 4,718 3,954 2,305 14,308 2,713 Business Profit Margin 27.9% 35.2% 32.1% 22.4% 29.8% 26.3% EBITDA 4,161 5,564 4,855 3,266 17,847 3,551 Electronic Materials and Components Net Sales 14,390 18,119 17,782 16,431 66,724 17,080 Business Profit 4,570 7,534 7,363 5,575 25,043 5,561 Business Profit Margin 31.8% 41.6% 41.4% 33.9% 37.5% 32.6% EBITDA 5,505 8,492 8,399 6,646 29,044 6,660 (Unit: JPY Mil)
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23 Five-year Results and Forecast 23 (Notes) Net sales by segment include inter-segment transactions Operating profit and its margin are shown instead of business profit and its margin for FY21 and FY22 CapEx in IFRS excludes fixed assets under lease contracts Total payout ratio calculation does not include the number of shares to repurchase for incentives (Unit: JPY Mil) FY21 FY22 FY23 FY24 FY25 FY26 Fcst Consolidated Total Net Sales 95,712 106,167 105,198 110,390 113,832 123,000 Business Profit 26,642 32,288 34,086 38,068 39,352 40,000 Business Profit Margin 27.8% 30.4% 32.4% 34.5% 34.6% 32.5% EBITDA 32,478 39,101 39,386 44,708 46,892 48,700 Profit Attributable to Owners of Parent 16,669 20,685 22,575 27,737 28,009 27,500 Basic Earnings per Share 91.54Yen 129.77Yen 129.76Yen 162.04Yen 166.48Yen 163.45Yen Dividend per Share 20.0Yen 21.7Yen 33.3Yen 58.0Yen 58.0Yen 64.0Yen Total Value of Share Buyback 3,999 8,999 5,999 9,999 4,999 ー Total Payout Ratio 42.3% 56.6% 53.3% 73.2% 54.0% ー ROIC 22.5% 24.4% 22.9% 22.9% 22.8% 17.8% ROE 28.5% 30.3% 29.5% 30.6% 27.3% 23.7% CapEx 5,250 13,926 7,482 9,190 16,774 63,600 Depreciation 4,207 4,615 5,300 6,640 7,540 8,700 R&D Expenses 3,876 4,274 4,706 5,330 6,740 6,900 FX Rate (JPY/US$) 112.4 135.5 144.6 152.6 150.8 150.0 JGAAP IFRS FY21 FY22 FY23 FY24 FY25 FY26 Fcst Optical Materials and Components Net Sales 49,159 55,384 51,453 50,647 47,971 49,000 Business Profit 13,127 17,969 15,256 14,556 14,308 14,800 Business Profit Margin 26.7% 32.4% 29.7% 28.7% 29.8% 30.2% EBITDA 15,428 20,142 17,584 18,006 17,847 18,500 Electronic Materials and Components Net Sales 47,195 51,495 54,387 60,434 66,724 74,000 Business Profit 15,304 16,106 18,830 23,511 25,043 25,200 Business Profit Margin 32.4% 31.3% 34.6% 38.9% 37.5% 34.1% EBITDA 17,049 18,958 21,802 26,701 29,044 30,200 JGAAP IFRS
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Our Purpose & Sustainability 2424 Strengthening Technology and Human Capital Purpose Materiality What we want to be in ten years ◼ Contributing to the evolution of digital technologies in a wider range of domains ◼ Achieving sustainable growth by creating social value and economic value
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Smart- phones Laptop PCs Tablets Automotives Optical semiconductors Others Sales Composition 2525 ■Sales by Category（FY25） Electronic Materials and Components Segment Optical Materials and Components Segment Optical elastic resins (SVR) Secondary protection fuse 59％ 41％ Adhesive materials and others Anti-reflection films (ARF) Smart precision Adhesives Sales for FY25 1,138 JPY100Mil Optical semiconductors Adhesives and othersAnisotropic Conductive Films (ACF) ■ Sales by Application（FY25） Power tools, E-bike, Projectors, etc. Inorganic Optical Components
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Final Products Incorporating Dexerials' Products Anti-reflection Film (ARF) Optical elastic resins (SVR) Smart precision Adhesives 2626 Anti-reflection Film (ARF) Cover lens Optical elastic resins (SVR) FPD module Cover lens Camera module Optical pickup These are optical films designed to prevent the deterioration of visibility by suppressing the reflection of light on the surfaces of optical devices such as laptop PCs displays This is a UV-curable elastic resin that fills the air gap inside the displays of smartphones, tablets, and laptop PCs, suppressing light refraction and reflection Adhesives cured with UV, heat, and UV heat accomplish low- temperature fast curing and low shrinkage and are ideal for precision affixing during assembly
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Final Products Incorporating Dexerials' Products Secondary protection fuse Anisotropic Conductive Films (ACF) This is a de facto standard adhesive material used for almost all the flat panel displays. This is a conductive adhesive film with conductive particles dispersed in thermo- curable resin. It conductively connects driver ICs or sensor modules to circuit boards These are secondary protection fuses for the safe operation of electronic devices equipped with lithium-ion batteries. In the event of overcurrent, overcharging of lithium-ion batteries, the fuse element melts. This improves the safety of the batteries Large -sized FPD Printed circuit board Small -to- Medium sized FPD Camera module Flexible circuit board ● Anisotropic Conductive Films (ACF) 27
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Optical elastic resins (SVR) Final Products Incorporating Dexerials' Products 28 With the sophistication of advanced driver-assistance systems (ADAS), more and more automotive sensors are being mounted on vehicles. Dexerials’ Smart precision Adhesives are finding increasing application for sensor modules Boasting high anti-reflection and stain-resistant performance, Dexerials’ Anti-reflection Film (ARF) is increasingly being adopted amid the trend towards electronic displays and larger, higher- resolution screens. In addition, sales of Optical elastic resins (SVR), Anisotropic Conductive Films (ACF) and others increased for automotive display applications Sensors for AutomotivesAutomotive displays Anti-reflection Film (ARF) Smart precision Adhesives Anisotropic Conductive Films (ACF)
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Final Products Incorporating Dexerials' Products 2929 Semiconductor elements that convert electricity into light and vice versa are generically referred to as optical semiconductors. Electronic parts incorporating these elements are optical semiconductor devices. Dexerials' products are adopted in optical transceivers for data centers Optical semiconductor elements and modules Datacenters Optical transceivers @Yole Opticaltransceivers２０２３ High-speed response photodiode 【Implementation Overview Diagram】
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High Market Share in the Niche Markets Mainstay products with Global No. 1 share in the niche markets. Functional materials with top global market share are the source of stable growth. *1: The 2025 value share of Anisotropic Conductive Films (ACF) for large -sized and small-to-medium-sized displays, according to "Reality and Future Prospects of the Display-Related Market 2026" issued by Fuji Chimera Research Institute, Inc. *2: The 2025 value share of surface treatment films (dry coating), according to "Reality and Future Prospects of the Display -Related Market 2026" issued by Fuji Chimera Research Institute, Inc. *3: The 2025 value share of optically clear adhesives (OCR/LOCA) used in display lamination, according to "Reality and Future Prospects of the Display-Related Market 2026" issued by Fuji Chimera Research Institute, Inc. Optical Elastic Resin (SVR) is Dexerials' product name for optically clear adhesives. 3030 Anisotropic Conductive Films (ACF) Anti-reflection Films (ARF) Optical elastic resins (SVR) Sales of 3 mainstay products FY25 Approx. 63.8％ of total net sales Anisotropic Conductive Films (ACF)*1 Anti-reflection Film (ARF) produced utilizing sputtering technology*2 Optical elastic resins (SVR)*3 79.4％ 95.4％ 54.3％
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31 Dexerials’ Business Model – Creating Single-Sourced Products 31 Our U n ique A pproach: Design - In Directly approaching the final customers close to the market, develop and propose optimal solutions based on customer insights into future technology trends Expansion of S ingle - S ource d P roducts Creating new markets, and maintaining strong pricing power by building high barriers to entry through technological capabilities and patent acquisitions Designated as S ingle - S ource d P roduct s Maintain high market share s in the niche markets and high profitability
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131 85 116 97 108 176 325 391 394 447 468 487 749 Share Price and EBITDA 32 Mid-Term Management Plan 2023 “Challenges for Evolution” Mid-term Management Plan 2018 “Change for Growth” Share price return during the previous mid-term management plan period 2019 Yoshihisa Shinya, appointed as president Mid-Term Management Plan 2028 “Achieving Evolution” 32 Share Price (JPY) EBITDA (JPY 100M) FY15 Act FY16 Act FY17 Act FY18 Act FY20 Act FY21 Act FY22 Act FY19 Act FY23 Act FY24 Act FY28 Plan Total Shareholder Return (including dividends) Jun. 30, 2026 JPY 4,254 Mkt Cap JPY 743.3 Bil FY25 Act FY26 Fcst End of March 2019 JPY 245 (After the stock split) +852%
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2002 Anti-reflection Film (ARF) Formerly known as Sony Chemicals, the company has been providing new value to the world for over 60 years. 33 2024 Dexerials Photonics Solutions Co., Ltd., a wholly owned subsidiary leading the photonics field, is established Our history 1962 Established as Sony Chemicals Cu foil + Adhesive 2008 Inorganic polarizing plates for projectors 1977 Anisotropic Conductive Films (ACF) 2022 Enters the photonics field with the acquisition of Kyoto Semiconductor Inorganic Optical Components Optical Semiconductors Optical Semiconductors Organic Materials Transistor radio ～～ Global top share products Microfabrication 1972 Magnetic heads and ferrite cores for home tape recorders begins Inorganic Materials 33 33 2007 Optical elastic resins(SVR) 2012 Dexerials Corporation begins operations 2016 Full-scale entry into the automotive business *1: The 2025 value share of Anisotropic Conductive Films (ACF) for large -sized and small-to-medium-sized displays, according to "Reality and Future Prospects of the Display-Related Market 2026" issued by Fuji Chimera Research Institute, Inc. *2: The 2025 value share of surface treatment films (dry coating), according to "Reality and Future Prospects of the Display -Related Market 2026" issued by Fuji Chimera Research Institute, Inc. *3: The 2025 value share of optically clear adhesives (OCR/LOCA) used in display lamination, according to "Reality and Future Prospects of the Display-Related Market 2026" issued by Fuji Chimera Research Institute, Inc. Optical Elastic Resin (SVR) is Dexerials' product name for optically clear adhesives.