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KFK FURUYA METAL FY2026 The 58th term Financial Result Supplementary Material August 6 , 2026 FURUTA METAL CO . , LTD . ( Tokyo Stock Exchange Prime 7826 ) Copyright © FURUYA METAL CO . , LTD . All rights reserved .
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Copyright© FURUYA METAL CO., LTD. All rights reserved. table of contents Key points of Financial Statements(Consolidated) for FY2026 ･･････････ 3 Part 1 Result of FY 2026 ended June 2026 (The 58th term) ････････････4 Part 2 Forecast of FY2027 ending June 2027 (The 59th term) ･･････････21 Part 3 KFK Vision 2030 (excerpt) ･･････････････････････････････････24 Appendix ････････････････････････････････････････････････････ 33 2
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 3 Key points of Financial Statements(Consolidated) for FY2026 1. Business Environment (1) In the first half, demand in the information and telecommunications, semiconductor, and electronics markets remained solid, including capital investment. Particularly, strong demand related to data centers led to increased shipments by the Company. Although solid demand continued in the second half, certain products were affected by the announcement of uniform tariffsby the United States. However, demand had already recovered in the fourth quarter, and there was no significant impact. (2) Precious metal market prices trended upward throughout the year, and the Yen also remained weaker against the U.S. Dollarthan the planned level, providing a tailwind. (3) In the second half, geopolitical risks, including heightened tensions in the Middle East, were a concern, but no impact materialized. 2. Business Performance (1) Net sales and all profit items reached record highs. Net sales exceeded ¥100.0 billion for the first time, reaching ¥100.1 billion. This represented an increase of ¥42.7 billion from the previous year, while gross profit amounted to ¥30.2 billion, an increase of ¥16.0 billion year on year. (2) By segment, all segments exceeded the previous year’s result. Overall performance was driven particularly by the Electronics segment, where crucibles for medical equipment and optical cable isolators performed strongly, and by the Thin Film segment, where HDD target materials were strong. In the Fine Chemicals and Recycling segment, temporary expenses were incurred in connection with the review of the collection and refining system and related assets. 3. Shareholder returns The annual dividend for the fiscal year 2026 is ¥165 per share, an increase of ¥69 from the previous year. For the next fiscal year (59th fiscal period), the Company plans to pay an annual dividend of ¥180 per share.
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Copyright© FURUYA METAL CO., LTD. All rights reserved. Part 1 FY2026/6 Overview 4
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 5 FY2026 Financial Result Net sales reached a record high, supported by strong performance in the Electronics segment, including crucibles for medical equipment and optical cable isolators. In the Thin Film segment, HDD target materials performed strongly and drove overall results. In addition, the Company responded to demand for precious metal sales as part of balance sheet rebalancing. Ordinary profit reached record highs in all segments, supported by solid orders and the tailwind from rising precious metal market prices. 21,102 24,270 21,124 26,822 43,900 24,219 23,845 26,403 30,557 56,239 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 100,000 110,000 2022.6 2023.6 2024.6 2025.6 2026.6 47,52748,115 57,379 Revenue （JPY mil） 1st 2nd 100,139 45,321 Ordinary Profit 8,029 7,455 4,305 5,642 7,263 5,268 4,928 6,385 3,747 17,401 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 22,000 24,000 2022.6 2023.6 2024.6 2025.6 2026.6 10,690 9,389 1st 2nd 13,297 24,664 12,383 （JPY mil）
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 6 Quarterly Results （Mil yen） Q1 Q2 Q3 Q4 Q1-Q4 Q1 Q2 Q3 Q4 Q1-Q4 Budget progress ratio YoY QoQ Budget Revenue 13,899 12,923 13,986 16,571 57,379 23,201 20,699 30,830 25,409 100,139 104.3% +20.7% +17.0% 96,000 Cost of Sales 10,129 8,821 10,546 13,695 43,191 18,750 15,596 19,590 15,930 69,866 102.0% +31.5% +40.3% 68,500 Gross Income 3,769 4,103 3,440 2,876 14,188 4,451 5,103 11,240 9,478 30,272 110.1% -3.3% -34.8% 27,500 Gross Income Ratio 27.1% 31.7% 24.6% 17.4% 24.7% 19.2% 24.7% 36.5% 37.3% 30.2% +1.6P +5.5P +19.9P 28.6% Sales and General administrative expensee 999 1,006 1,026 1,619 4,650 1,040 1,070 1,347 2,020 5,477 109.5% -4.2% -11.4% 5,000 Operating Income 2,770 3,096 2,415 1,257 9,538 3,410 4,033 9,893 7,458 24,794 110.2% -2.8% -51.3% 22,500 Ordinary Income 2,363 3,279 2,167 1,580 9,389 3,356 3,907 9,672 7,729 24,664 112.1% -12.2% -57.6% 22,000 Ordinary Income Ratio 17.0% 25.4% 15.5% 9.5% 16.4% 14.5% 18.9% 31.4% 30.4% 24.6% +1.7P -27.1% -63.9% 22.9% Net Income 1,627 2,267 1,556 1,018 6,468 2,328 2,683 6,676 4,347 16,034 106.9% -12.7% -60.4% 15,000 FMBI Average Price※1 Iridium($/toz） 4,800 4,800 4,580 4,580 4,690 4,590 4,600 6,604 7,600 5,848 ー +29.3% +83.0% 6,350 FMBI Average Price Rutenium($/toz) 444 440 495 641 505 839 920 1,467 1,580 1,201 ー +147.8% +171.7% 1,350 Forex（\/1$）※2 149.38 152.43 152.60 144.59 149.75 149.38 152.43 152.60 144.59 149.75 ー ー ー 153.00 FY 2025/6 FY 2026/6 ※1: FMBI (Furuya Metal Bullion for Industry) is the reference price for transactions announced by our company every day ※2： Y t ＋：D i ti ：A i ti
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 0 20 40 60 80 100 120 140 160 180 200 2022/6 2023/6 2024/6 2025/6 2026/6 2027/6 Ordinary Dividend Commemorative Dividend 7 Trends in shareholder returns （JPY 165 (Dividend payout Ratio over 25%）) The dividend per share figures for the fiscal years ending June 2022 through June 2024 are presented as if a stock split had taken place at the beginning of the fiscal year ending June 2022. The dividend for the fiscal year ending June 2024 includes a commemorative dividend for ourlisting on the Tokyo Stock Exchange Prime Market. Additionally, on July 1, 2024, we implemented a three-for-one stock split of our common shares JPY 85 JPY 85 JPY 95 JPY 96 JPY 165 JPY 180 （Forecast）
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 8 Electronics ① 7,784 Crucible for single crystal cultivation Melting furnace for optical glass Crucible Melting equipment for glass Main Products Main uses Factors of Fluctuations in Business Performance Orders for crucibles used in PET scintillator crystals remain strong Crucibles related to optical fiber applications are also performing well Crucibles for SAW filters are showing signs of recovery （JPY mil） 2,060 4,455 3,055 3,380 5,408 2,447 3,339 3,282 2,524 5,399 0 2,000 4,000 6,000 8,000 10,000 12,000 2022.6 2023.6 2024.6 2025.6 2026.6 Net Sales 1st 2nd 4,507 7,784 6,337 5,904 10,807 702 1,775 1,273 1,251 1,076 845 967 1,039 478 2,285 0 500 1,000 1,500 2,000 2,500 3,000 3,500 2022.6 2023.6 2024.6 2025.6 2026.6 （JPY mil） Gross Profit 1st 2nd 1,547 2,742 2,312 1,729 3,361
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 9 Electronics ② （Gross Income JPY mil）（Revenue JPY mil） 0 200 400 600 800 1,000 1,200 1,400 1,600 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 2023/1Q 2023/2Q 2023/3Q 2023/4Q 2024/1Q 2024/2Q 2024/3Q 2024/4Q 2025/1Q 2025/2Q 2025/3Q 2025/4Q 2026/1Q 2026/2Q 2026/3Q 2026/4Q Revenue Gross Income ・Crucibles and other products for medical equipment, including cancer diagnostic equipment (PET), performed strongly. Although they declined in the third quarter due to the impact of U.S. tariffs, they subsequently recovered. ・Orders increased sharply for crucibles and other products used in the manufacture of optical cable isolators. ・Crucibles for crystal growth used in mobile phone SAW filters have been gradually increasing, showing signs of recovery. （Mil yen） 1Q 2Q ３Q 4Q １Q-4Q 1Q 2Q ３Q 4Q １Q-3Q Budget Progress ratio YoY QoQ Budget Revenue 1,533 1,847 1,419 1,105 5,904 1,952 3,456 1,999 3,400 10,807 98.2% +83.0%+207.7% 11,000 Gross Income 705 546 369 109 1,729 320 756 768 1,517 3,361 124.5% +94.4% +1,292% 2,700 Gross Income ratio 46.0% 29.6% 26.0% 9.9% 29.3% 16.4% 21.9% 38.4% 44.1% 31.0% +6.6P +1.8P +34.7P 24.5% FY 2025/6 FY 2026/6
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 10 Thin film formation of HDD. Target materials for semiconductors Target materials for next-generation communications Target Materials Main Products Main uses Factors of Fluctuations in Business Performance Ru target materials for HDDs performed strongly. Semiconductor target materials remained solid for EUV applications, while sample shipments for semiconductor wiring materials continued. Shipments of target materials for next-generation communications also recovered. 6,439 5,181 4,068 5,339 6,581 5,974 5,396 5,232 5,932 11,453 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 2022.6 2023.6 2024.6 2025.6 2026.6 （JPY mil） Net Sales 1st 2nd 12,413 11,27110,577 9,300 18,034 3,377 2,399 1,775 2,055 2,878 1,937 2,022 1,705 2,250 6,616 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 2022.6 2023.6 2024.6 2025.6 2026.6 （JPY mil） Gross Profit 1st 2nd 5,314 9,494 4,421 3,480 4,305
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 11 Thin Film （Gross Income JPY mil）（Revenue JPY mil） 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 2023/1Q 2023/2Q 2023/3Q 2023/4Q 2024/1Q 2024/2Q 2024/3Q 2024/4Q 2025/1Q 2025/2Q 2025/3Q 2025/4Q 2026/1Q 2026/2Q 2026/3Q 2026/4Q Revenue Gross Income ・Ruthenium target materials for HDDs posted strong growth, backed by demand from data center investment, and this trend is expected to continue for the time being. ・Semiconductor-related products, including EUV target materials, also remained steady. ・Target materials for BAW filters have also been gradually increasing. （Mil yen） 1Q 2Q ３Q 4Q 1Q-4Q 1Q 2Q ３Q 4Q １Q-3Q Budget Progress ratio YoY QoQ Budget Revenue 2,464 2,875 3,248 2,684 11,271 2,651 3,930 5,270 6,183 18,034 112.7% +60.0%+130.4% 16,000 Gross Income 812 1,243 1,402 848 4,305 1,262 1,616 3,153 3,463 9,494 111.7% +120.5% +308.4% 8,500 Gross Income ratio 33.0% 43.2% 43.2% 31.6% 38.2% 47.6% 41.1% 59.8% 58.6% 53.5% +0.5P +14.4P +24.4P 53.1% FY 2025/6 FY 2026/6
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Copyright© FURUYA METAL CO., LTD. All rights reserved. Thermal ① Thermometers included in semiconductor manufacturing equipment Temperature Sensor Main Products Main uses Factors of Fluctuations in Business Performance Replacement demand remains firm, and orders from semiconductor manufacturing equipment makers are also increasing New sales channels are progressing steadily 2,542 3,174 3,109 2,321 2,885 2,478 2,849 2,419 2,539 3,803 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 2022.6 2023.6 2024.6 2025.6 2026.6 （JPY mil） Net Sales 1st 2nd 6,023 5,020 6,688 5,528 4,860 823 1047 1299 765 860 622 742 822 783 1466 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 2,200 2,400 2022.6 2023.6 2024.6 2025.6 2026.6 （JPY mil） Gross Profit 1st 2nd 1,445 2,326 1,548 2,121 1,789
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 13 Thermal ② （Revenue JPY mil） （Gross Income JPY mil） 0 200 400 600 800 1,000 1,200 0 500 1,000 1,500 2,000 2,500 2023/1Q 2023/2Q 2023/3Q 2023/4Q 2024/1Q 2024/2Q 2024/3Q 2024/4Q 2025/1Q 2025/2Q 2025/3Q 2025/4Q 2026/1Q 2026/2Q 2026/3Q 2026/4Q Revenue Gross Income ・Orders for genuine parts from semiconductor manufacturing equipment manufacturers increased in line with the resumption of capital investment in semiconductor manufacturing equipment, and the Company was also able to capture solid replacement demand. ・New sales channels also launched smoothly and have remained firm. （Mil yen） 1Q 2Q ３Q 4Q １Q-4Q 1Q 2Q ３Q 4Q １Q-4Q Budget Progress ratio YoY QoQ Budget Revenue 1,067 1,254 1,262 1,277 4,860 1,402 1,483 1,474 2,329 6,688 111.5% +37.6% +82.4% 6,000 Gross Income 331 434 434 349 1,548 408 452 494 972 2,326 129.2% +50.3% +178.5% 1,800 Gross Income ratio 31.0% 34.6% 34.4% 27.3% 31.9% 29.1% 30.5% 33.5% 40.9% 34.5% +4.8P +2.9P +14.4P 30.0% FY 2025/6 FY 2026/6
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 14 Fine Chemical & Recycle ① Precious metal compounds, chemical catalysts Refining and Recovery Precious Metal Compounds Main Products Main uses Factors of Fluctuations in Business Performance Catalysts for electrodes are expected to recover from the third quarter Orders for compounds used in OLED phosphorescent materials are trending toward recovery Inquiries for recovery and recycling remain strong 9,459 10,336 6,764 13,589 9,799 12,740 8,828 13,467 12,739 17,902 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 22,000 24,000 26,000 28,000 2022.6 2023.6 2024.6 2025.6 2026.6 （JPY mil） Net Sales 1st 2nd 22,199 19,164 20,231 26,328 27,701 Gross Profit 4206 3,839 1,986 3,764 2489 3,059 2,427 4,355 2,694 6672 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 2022.6 2023.6 2024.6 2025.6 2026.6 （JPY mil） 1st 2nd 7,265 6,266 6,341 6,458 9,161
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 15 Fine Chemical & Recycling ② （Revenue JPY mil） （Gross Income JPY mil） ・Catalysts for caustic soda electrodes recovered in the third quarter following the absence of special orders recorded in the previous fiscal year, and sales caught up with the previous year’s level. ・Iridium compounds for OLED applications also continued to perform steadily. ・In the fourth quarter, temporary expenses were recorded in connection with the review of the collection and refining system and related assets. 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 2023/1Q 2023/2Q 2023/3Q 2023/4Q 2024/1Q 2024/2Q 2024/3Q 2024/4Q 2025/1Q 2025/2Q 2025/3Q 2025/4Q 2026/1Q 2026/2Q 2026/3Q 2026/4Q Revenue Gross Income （Mil yen） 1Q 2Q ３Q 4Q １Q-4Q 1Q 2Q ３Q 4Q １Q-4Q Budget Progress ratio YoY QoQ Budget Revenue 7,270 6,319 5,417 7,322 26,328 4,081 5,718 8,837 9,065 27,701 102.6% +5.2% +23.8% 27,000 Gross Income 1,972 1,792 1,178 1,516 6,458 934 1,555 3,930 2,742 9,161 116.0% +41.9% +80.9％ 7,900 Gross Income ratio 27.1% 28.4% 21.7% 20.7% 24.5% 22.9% 27.2% 44.5% 29.6% 32.9% +3.8P +8.4P +9.5P 29.3% FY 2025/6 FY 2026/6
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 16 Supply chain support （Revenue JPY mil） （Gross Income JPY mil） -100 -50 0 50 100 150 200 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 2024/1Q 2024/2Q 2024/3Q 2024/4Q 2025/1Q 2025/2Q 2025/3Q 2025/4Q Revenue Gross Income （Mil yen） 1Q 2Q ３Q 4Q １Q-4Q 1Q 2Q ３Q 4Q １Q-4Q Budget Progress ratio YoY QoQ Budget Revenue 1,140 409 2,566 3,538 7,653 4,927 3,746 5,959 4,412 19,044 105.8% +148.8% ＋24.7％ 18,000 Gross Income -59 58 29 12 40 449 267 866 749 2,331 93.2% +5,727.5% +6,141.7% 2,500 Gross Income ratio -5.2% 14.2% 1.1% 0.3% 0.5% 9.1% 7.1% 14.5% 17.0% 12.2% -1.7P +11.7P +16.7P 13.9% FY 2025/6 FY 2026/6 ・Metal sales were executed in response to inquiries, while balance sheet rebalancing was also carried out. ・Profit margins from trading also increased along with the rise in bullion market prices.
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 17 Sales trends by region （ JPY mil） 129 203 227 238 221 275 121 111 96 100 144 391 51 90 74 56 118 194 37 47 84 81 91 141 0 200 400 600 800 1000 1200 2021.6 2022.6 2023.6 2024.6 2025.6 2026.6 Janap Asia Europe North America Overseas sales ratio increased from 61% to 73%. Sales growth was driven by Ru target materials for HDDs and metal sales in Asia, electrode catalysts in Europe, and demand for medical equipment in North America.
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Copyright© FURUYA METAL CO., LTD. All rights reserved. (3,450) (1,225) (461) 3,213 921 15,763 (5,559) (3,011) (2,789) 1,021 (4,014) 11,815 (10,000) (5,000) 0 5,000 10,000 15,000 20,000 2021.6 2022.6 2023.6 2024.6 2025.6 2026.6 Operating Cash Flow Free Cash Flow 18 Cash Flow （JPY Mio）
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 19 Balance Sheet Strategic inventory rebalancing was implemented. Although inventory at the end of June 2026 increased year on year, this was mainly due to higher market prices (FMBI average annual price: approximately +29% for iridium and approximately +147% for ruthenium). Short-term borrowings were repaid to reduce interest expenses, supported by improved cash flow. (Millions of yen) As of June30,2024 As of December31,2024 As of June30,2026 As of June30,2024 As of December31,2024 As of June30,2026 Total curent assets 91,428 104,761 115,126 Total liabilities 52,209 66,414 64,462 Cash and deposits 12,300 10,057 7,602 Total current liabilities 44,948 51,516 53,507 6,252 6,612 7,641 Notes and accounts payble-trade 21,792 26,177 33,975 Merchandise and finished goods 3,898 5,370 9,791 Short-term loans payable 12,700 13,700 0 Work in process 5,015 4,867 7,558 Current portion of long-term loans payble 3,291 4,801 4,559 Raw materials and supplies 61,301 75,187 74,580 Total non-current liabilities 7,260 14,898 10,954 Total non-current assets 21,293 23,761 27,833 Long-term loans payable 5,300 12,956 9,237 17,213 19,606 21,850 Net worth 60,512 62,109 78,498 Buildings and structures,net 4,218 4,466 4,316 Total shareholdres' equity 60,178 61,804 78,120 Machinery,equipment and vehicles,net 9,525 10,004 9,789 Capital stock 10,662 10,662 10,662 Land 1,960 3,008 3,009 Capital surplus 12,313 12,348 12,379 Total intangible assets 2,014 2,504 3,798 Retained earnings 38,526 40,080 56,328 Total investments and other assets 2,064 1,650 2,185 Total accumulated other comprehensive income 108 91 231 112,721 128,523 142,960 112,721 128,523 142,960Total assets Total liabilities and net worth Accounts receivable and Notes receivable -trade Property,plant and equipment
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 20 Capital investment, R＆D and Depreciation Result 2022/6 2023/6 2024/6 2025/6 2026/6 Capital investment 1,628 3,030 2,132 4,914 3,786 R&D 549 1,159 1,723 1,450 1,290 Depreciation 773 931 1,264 1,286 1,277 (Millions of yen)
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Copyright© FURUYA METAL CO., LTD. All rights reserved. Part 2 Forecast for the fiscal year ending June 2027 21
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 22 FY 2026 Financial Forecast Key points of earnings forecast Result 2025/6 amount ratio Net Sales 100,139 － Gross Income 30,272 30.2 Sales and general administrative expenses 5,477 5.5 Operating Income 24,794 24.8 Ordinary Income 24,664 24.6 Net Income 16,042 16.0 (Depreciation) 1,227 1.2 forecast 2026/6 amount ratio YoY 101,000 ー +0.9% 33,000 32.7 +9.0% 6,500 6.4 +18.7% 26,500 26.2 +6.9% 26,000 25.7 +5.4% 17,700 17.5 +10.3% 2,100 2.1 +71.1% （JPY Mii・%） Forex１＄＝JPY155、Metal Price Ir：6,000U$/toz、Ru：1,400U$/toz(Avegare） ・The core businesses (five pillars) are expected to continue performing strongly, and the Company expects to achieve record-high net sales and profit for the second consecutive fiscal year. ・Net sales are forecast at ¥101.0 billion, an increase of ¥0.8 billion year on year, and ordinary profit at ¥26.0 billion, an increase of ¥1.3 billion year on year. 0 20,000 40,000 60,000 80,000 100,000 120,000 FY2026/6 FY2027/6 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 FY2026/6 FY2027/6 other Chemical Electric Thin supply Thermal （Net Sales） （Gross Income） Core Core other supply Chemical Thermal Thin Electric （JPY Mii）（JPY Mii） Core Core
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 23 Net Sales and Gross Profit Forecast for FY2027 Points by segment Net Sales Gross Profit 2024/6 2025/6 2024/6 2025/6 amount ratio amount Ratio YoY amount ratio amount ratio YoY Segment Electoronics 10,807 10.8 21,000 20.1 +94.3% 3,361 31.1 6,500 31.0 +93.4% Thin Film 18,034 18.0 20,500 20.3 +13.7% 9,494 52.6 10,100 49.3 +6.4% Thermal 6,688 6.7 7,500 7.4 +12.1% 2,326 34.8 1,900 25.3 ｰ18.3% Fine Chemical Recycle 27,701 27.7 36,000 35.6 +30.0% 9,161 33.1 13,000 36.1 +41.9% Supply chain support 19,044 19.0 16,000 15.8 ｰ16.0% 2,331 12.2 1,500 9.4 ｰ35.6% Tatal 100,139 － 101,000 ー +0.9% 30,272 － 33,000 ー ＋9.0％ （JPY mil・%） Electronics Revenue and profit are expected to increase, supported by continued strong performance of crucibles for medical equipment and optical cables. Thin Film Target materials for data center HDDs are expected to remain strong, while upfront costs are expected due to an increase in new shipments. Thermal Orders for genuine parts are strong, but depreciation expenses are expected to increase due to the start of operations at the New Chitose Plant. Fine Chemicals and Recycling Electrode catalysts, which had been on a recovery trend since the third quarter of the previous fiscal year, are expected to continue performing strongly. Supply Chain Support Planned based on the current outlook for demand.
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Copyright© FURUYA METAL CO., LTD. All rights reserved. Part 3 KFK Vision 2030 24
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Copyright© FURUYA METAL CO., LTD. All rights reserved. Toward the KFK Vision 2030 Goals～Progress KFK Vision 2030 KFK Vision 2030 Goals -Record-high results by strong demand mainly from semiconductor and data center industry -Income targets set in the Medium-Term Management Plan were achieved ahead of plan -Investing in growth fields to drive our “inorganic leaps” 25 100.1 billion yen 24.6 billion yen 22.4％ 17.3％ FY2026 Results 57.3 billion yen 9.3 billion yen 10.3％ 7.4％ Sales Ordinary income ROE ROIC FY2025 Results Our strategies remain unchanged; we will revise the FY2030 financial targets *1 Income targets achieved Sales Ordinary income ROE ROIC *1 Details will be disclosed as soon as available. < Original target> Sales 150 billion yen Ordinary income 20 billion yen
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 26 2030 New business opportunities in growth areas and leap (Recap) Building new Pillars – New business opportunities Advancing the 5 Pillars – Driving the cycle of “Develop, Manufacture, and Market” at high speed ・Utilize core and new technologies and actively enter new growth areas without limiting to the existing frameworks ・Collaboration and synergy for new business opportunities and realization of inorganic leaps Develop Manufacture Market KFK Vision 2030 growth area Space communication Chiplet Photonics- Electronics convergence Green hydrogen Artificial photosynthe- sis 6G Mobility AI chip Green ammonia
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 27 Growth Areas : Glass Manufacturing Technologies for Electronics and Semiconductors Glass Manufacturing Technology Glass Manufacturing Products Advanced glass manufacturing technologies for high-value electronics and semiconductor applications Proprietary Iridium-based ultra-high-temperature, high-speed melting technology Glass Manufacturing Technology × Iridium Semiconductor Data Center Smartphone
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 28 Growth Areas : Sputtering Targets for Semiconductors Global supply of high-quality Ruthenium targets for cutting-edge semiconductors Expanding production and R&D capacity Strong development partnerships with leading equipment and device manufacturers EUV Mask Blanks + Ru Wiring Development EUV Mask Blanks +Next-Generation Ru Interconnects Around 2030 EUV lithography Mask Blanks material Low resistance wiring Ruthenium wiring Cutting-edge semiconductors
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 29 Growth Areas : Powder Sputtering Technology Establishing mass production of Powder Sputtering Technology for advanced materials applications Next-Generation Batteries High-quality nanoscale thin films delivering enhanced functionality Chip capacitor High-Performance Magnets Semiconductor materials •Thermal Properties •Electrical Properties •Optical Properties •Catalytic Properties
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 30 Growth Areas : Quartz Products and Thermocouples New Chitose Plant will start full operation in 2027, commercializing new quartz products for semiconductor industry Strengthening the global supply network for thermocouple products
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 31 Growth Areas : Rare-Elements Recycling Technology Leveraging core Iridium and Ruthenium refining technologies to develop circular resource solutions for critical elements Rare Earths High-Purity Refining Technology Customer Collaborative technology development with universities, research institutions, and strategic partners Example: Scandium - Sc2O3 reduction technology - AlSc TG recycling technology Rare Metal Furuya Metal
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 32 Growth Investment Plan ¥30 billion in scale Data Center Cutting-edge semiconductor Next-Gen communications Green hydrogen Mobility Resource circulation Others Growth Investment Areas Strategic investment to strengthen core technologies and acquire new capabilities Building new pillars in digital and green markets Planning to invest approximately ¥30 billion in growth initiatives toward achieving KFK Vision 2030 Growth investment includes expenses for such as capital investment, R&D and M&A
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Copyright© FURUYA METAL CO., LTD. All rights reserved. Appendix Corporate Profile 33
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 34 Vision of Furuya Metal Vision Becoming the world’s No.1 in iridium and ruthenium. Furuya Metal developed high quality fabricationtechnology and gained large market share in iridium and ruthenium products by studyingand workingthesematerialsin the earlystage. FuruyaMetalalso developeda recyclingsystemto ensurea stablesupplyof resources. By committingourselvesto stablesupplyof PGM products,we play a part of developmentof cutting-edge technology. Brand slogan Innovationbegins at the edge
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 35 Corporate Profile(as of 30, June 2026) Name FURUYAMETAL CO., LTD. Address 2-37-5 MinamiOtsuka, Toshima, Tokyo,Japan Established August1968 Capital 10,662 Million Yen Employees 457 (Consolidated basis) Business Manufacturingand sales of industrial use PGM(Ir,Ru,Pt,etc.) such as crucibles, sputtering targets, thermocouple sensors and chemical compounds / catalysts. PGM refining / recycling Plant Tsukuba Plant （ISO9001,ISO14001） Tsuchiura Plant （ISO9001,ISO14001） Chitose Plant （ISO9001,ISO14001）
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 36 History 1968.08 Establishment of Furuya Metal Co., Ltd. (Mitaka City, Tokyo) 1975.04 Entry into industrial-use precious metals business 1981.10 Successful development of the first domestically produced iridium crucible 1990.10 Construction of Tsukuba Plant in Shimodate City (present Chikusei City), Ibaraki (fabrication and refining) 1994.08 Started manufacture of thermocouples for the semiconductor industry (temperature measuring instruments for industrial furnaces) 1998.10 Establishment of Thin Film Technology Research and Development Center 2003.05 Establishment of workshop B in Tsukuba Plant, and establishment of sputtering target plant 2005.02 Establishment of workshop C in Tsukuba Plant,and establishment of refining process for mass production 2006.09 IPO approval by Jasdaq Securities Exchange, Inc. (Securities Code: 7826) 2007.06 Establishment of workshop D in Tsukuba Plant,and expansion of clean room for manufacturing of thermocouples for semiconductors 2007.12 Construction of Tsuchiura Plant in Tsuchiura City, Ibaraki Prefecture 2008.01 Ruthenium refining line at Tsuchiura Plant started operation 2011.09 Establishmentof Furuya Metal Korea Co.,LTD 2012.12 Completed construction of a new building at Tsuchiura Plant, and commenced operation of an iridium refining line. 2013.04 Establishmentof Furuya Metal America INC 2014.03 2014 Selected by METI as one of the Global niche top firms 2015.01 Started mass production of catalyst at Tsuchiura Plant 2020.06 Expansion of ruthenium refining and recycling facilities 2020.07 Signedjoint-venture contract Furuya Eco-Front Technology with Anglo Platinum Marketing Limited 2021.09 Commencement of mass production of targetsat Tsukuba plant 2020 Selected by METI as one of the Global niche top firms 2022.06 Completion of installation of mass production facilityof alloy nanoparticles 2023.12 Listed Tokyo Stock Prime Market 2025.08 Establishment of Furuya Metal Shanghai Co., LTD.
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Copyright© FURUYA METAL CO., LTD. All rights reserved. Found in specific workable deposits, and pure metals with only limited amount from the mines, and/or metals difficult to refining. Able to introduce new characteristics and functions by making new alloy with other elements. Rare Metal Scandium, yttrium, lanthanoid, and others (15 kinds) Difficult to separate due their similar chemical properties Rare Earth 37 What is PGM ? [ Part 1 ] 1 H Hydrogen 2 He Helium 3 Li Lithium 4 Be Beryllium 5 B Boron 6 C Carbon 7 N Nitrogen 8 O Oxygen 9 F Fluorine 10 Ne Neon 11 Na Sodium 12 Mg Magnesium 13 Al Aluminium 14 Si Silicon 15 P Phosphorus 16 S Sulfur 17 Cl Chlorine 18 Ar Argon 19 K Potassium 20 Ca Calcium 21 Sc Scandium 22 Ti Titanium 23 V Vanadium 24 Cr Chromium 25 Mn Manganese 26 Fe Iron 27 Co Cobalt 28 Ni Nickel 29 Cu Copper 30 Zn Zinc 31 Ga Gallium 32 Ge Germanium 33 As Arsenic 34 Se Selenium 35 Br Bromine 36 Kr Krypton 37 Rb Rubidium 38 Sr Strontium 39 Y Yttrium 40 Zr Zirconium 41 Nb Niobium 42 Mo Molybdenum 43 Tc Technetium 44 Ru Ruthenium 45 Rh Rhodium 46 Pd Palladium 47 Ag Silver 48 Cd Cadmium 49 In Indium 50 Sn Tin 51 Sb Antimony 52 Te Tellurium 53 I Iodine 54 Xe Xenon 55 Cs Cesium 56 Ba Barium 57~71 ー Lanthanide elements 72 Hr Hafnium 73 Ta Tantalum 74 W Tungsten 75 Re Rhenium 76 Os Osmium 77 Ir Iridium 78 Pt Platinum 79 Au Gold 80 Hg Mercury 81 Tl Thallium 82 Pb Lead 83 Bi Bismuth 84 Po Polonium 85 At Astatine 86 Rn Radon 87 Fr Francium 88 Ra Radium 89~103 Actinide elements Wonderful materials that are given an important mission to develop advanced technology Lanthanide elements 57 La Lanthanum 58 Ce Cerium 59 Pr Praseodymiu m 60 Nd Neodymium 61 Pm Promethium 62 Sm Samarium 63 Eu Europium 64 Gd Gadolinium 65 Tb Terbium 66 Dy Dysprosium 67 Ho Holmium 68 Er Erbium 69 Tm Thulium 70 Yb Ytterbium 71 Lu Lutetium
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Copyright© FURUYA METAL CO., LTD. All rights reserved. Atomic number Atomic wt amu Boiling pt ℃ Melting pt ℃ Density t/㎥ Pt Platinum 78 195.090 4,530 1,769 21.4 Pd Palladium 46 106.400 3,980 1,552 12.0 Ru Ruthenium 44 101.070 4,900 2,500 12.2 Rh Rhodium 45 102.905 4,500 1,966 12.4 Ir Iridium 77 192.200 5,300 2,454 22.5 PGM : Platinum Group Metal with high scarcity value 38 Electronics Optical Glass Clean Energy Environment Preservation Medical Equipment Application What is PGM ? [Part 2] Characteristic Feature Ultra heat resistance Chemical stability Superior electrical conductivity
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 90% 4% 1%4% 30t 81% 9% 2% 7% 9t 72% 11% 5% 12% 178t 82% 8% 3% 7% 22t 36% 41% 12% 10% 207t 57%25% 8% 10% South Africa Russia North America Other 39 2024 World PGM Output Ir Ru Pt 2024年 PGM Output Pd Rh 446t Norilsk Nickel 31 180 8 204bn 3,000 23,000 Annual Global Mine Production of Industrial Precious Metals Cu Ag Au Ru Pt Ir (t) ValterraPlatinum Impala Platinum Sibanye Stillwater
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 40 FMBI (Furuya Metal Bullion for Industry) Price 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 2022/1/5 2022/2/5 2022/3/5 2022/4/5 2022/5/5 2022/6/5 2022/7/5 2022/8/5 2022/9/5 2022/10/5 2022/11/5 2022/12/5 2023/1/5 2023/2/5 2023/3/5 2023/4/5 2023/5/5 2023/6/5 2023/7/5 2023/8/5 2023/9/5 2023/10/5 2023/11/5 2023/12/5 2024/1/5 2024/2/5 2024/3/5 2024/4/5 2024/5/5 2024/6/5 2024/7/5 2024/8/5 2024/9/5 2024/10/5 2024/11/5 2024/12/5 2025/1/5 2025/2/5 2025/3/5 2025/4/5 2025/5/5 2025/6/5 2025/7/5 2025/8/5 2025/9/5 2025/10/5 2025/11/5 2025/12/5 2026/1/5 2026/2/5 2026/3/5 2026/4/5 2026/5/5 2026/6/5 Iridium Ruthenium Ruthenium Iridium ＄1,590 as of 30 June ＄7,600 as of 30June
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 41 Business Model ① ~ Product Sales ~ South Africa Stable Supply of PGM FURUYA METAL FabricationMargin Formation from PGM Powder Sale Customer Final products by clients • Crucibles • Glass fab. Wares • Sensor • Target • Chemical Compound ProductsRaw Materials Margin
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Copyright© FURUYA METAL CO., LTD. All rights reserved. Business Model ② ~ Product Recycling ~ 42 出所：2024年の産出量を鉱山会社HP資料より当社推計 30 9 36 10 0 5 10 15 20 25 30 35 40 Ruthenium Iridium Recycling Capacity Mine Capacity（t）
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Copyright© FURUYA METAL CO., LTD. All rights reserved. High-purity refined precious metals Ru target for HDD semiconductor 2014 GNT/100 Iridium crucible for crystal growth Cancer diagnostic equipment Tempered platinum for glass production Organic EL（fluorescent） Electrodes for production of caustic soda Hydrogen production electrode 43 Expansion of Business Fields Formation of the 5 Pillars Temperature sensor for semiconductor manufacturing equipment Electronics Thin film Thermal Chemical - Recycling Chemical – compound 2020 GNT/100
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Copyright© FURUYA METAL CO., LTD. All rights reserved. 44 Global Location Tsukuba Plant PGMs, T/Cs, Sputtering, Targets Tsuchiura Plant Ru/Ir Refining Furuya Eco-Front Technology（Established in July 2020） FT-eco catalyst Furuya Metal Korea Co., Ltd. (Established in September 2011） Target, Thermocouples Furuya Metal Shanghai Co., Ltd. （Established in August 2025) Furuya Metal Americas Incorporated (Started in July 2013) Aerospace, medical, IrCrucible, Thermocouples OLED Chitose Plant - Mainly fabricates quartz for thermocouples - Manufactures protective tubes of thermocouples
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Copyright© FURUYA METAL CO., LTD. All rights reserved. Disclaimer FURUYA METAL CO., LTD. (General Affairs & CSR Dept.) TEL. +81-3-5977-3377 E-mail. ir@furuyametals.co.jp Inquiry on this information 45 This materialhas been preparedsolely for informationpurposesand should not be construedas providinginformationfor investmentdecisionsor as a solicitationof investment. This material has been prepared based upon informationwe believed to be reliable, but no representationor warranty, express or implied, is made as to the consistencyof future results or events with any estimate, forecast, projectionor opinion, and no reliance should be placed on, the fairness, accuracy,completenessor reliabilityof the contents of this material. We will not be liablefor any damageor loss incurredby you arisingout of or in connectionwith this material.
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Copyright© FURUYA METAL CO., LTD. All rights reserved.