業績ハイライト・業績見通し

チャートジェネレータ

主要財務データダウンロード（2013～2023年度）

• 連結業績ハイライト
• 業績見通し

連結業績ハイライト

（2024年12月期）

単位：百万円

During the consolidated fiscal year under review, there were signs of a recovery of consumer spending in Japan. The U.S. and Indian economies expanded. Southeast Asia’s economies recovered moderately. In China, supply increased due to policy measures, but the economy remained stagnant.

Amid this business environment, the Group operated its business activities in line with the following three management policies.
The first policy is the transformation of existing business groups into highly profitable ones. In the overseas packaging materials related business, which the Group identifies as a growth business, sales of pressure sensitive adhesives, other adhesives and liquid ink products increased, primarily in India and Southeast Asia, where the Group engaged in capital expenditures during the period of the previous medium-term management plan. Additionally, sales of inkjet inks rose in China and Europe, driven by the expansion of the digital printing market. As environmental awareness increases, sales of functional coatings that contribute to the reduction of plastic usage and energy-saving UV and LED curable inks were strong.

In the plastic colorants business, which the Group considers a stable earnings base business, sales of colorants for automotive and solar cell applications remained solid in North America. Profits from adhesives and liquid ink products were affected by rising raw material and transportation costs in Japan. The Group secured a profit by improving efficiency through product integration and cost cutting. As the information-related printing market continued to contract, the Group improved profitability in the domestic offset ink business by forming new production and logistics alliances and promoting supply chain efficiency.

The second policy is the creation of strategic priority business groups. In the Display & Advanced Electronics Related Businesses, the LCD display market in China grew rapidly. In this environment, the Group made progress in preparing for the local supply of materials for color filters in collaboration with local partners. The Group also expanded its sales of materials for optical semiconductors, including CMOS image sensors. Sales of pressure sensitive adhesives for displays increased in the Chinese market. The Group began providing semiconductor insulation sheets for electronic devices. The development of resin materials for semiconductors progressed at a pilot plant in Japan.

In the Mobility & Battery Related Businesses, the Group began manufacturing materials for lithium-ion batteries for automotive applications in China. However, shipments from production facilities in Europe, the United States, and China were slow due to a global downturn in the EV market. Sales of adhesives for lithium-ion batteries increased as the Group captured demand in China and South Korea. The Group has been establishing a new plant to produce materials for lithium-ion batteries used in automotive applications in Kentucky, USA, which is the second production base in North America, and expanded its facilities in Hungary. The Group implemented equipment tailored to the market environment and continued to develop products for new applications, particularly for anode materials and all-solid-state batteries.

The third policy is the transformation of the management foundation. The Company strived to strengthen its management resources with an emphasis on environmental, social and corporate governance (ESG) criteria. It steadily promoted sustainability management in line with the artience asv2050/2030 Sustainability Vision. The Company implemented a tool for visualizing CO2 emissions.

To enhance its human resources, the Company conducted an engagement survey of its employees in Japan and overseas and reviewed its personnel system. Additionally, the Group also implemented initiatives focusing on diversity, equity and inclusion (DE&I). This included increasing the percentage of new hires that are women and establishing a special subsidiary to support the active participation of people with disabilities. The Company sought to make sure that employees are aware of the corporate identity (CI) following the change of its business name and corporate philosophy system.

The Company promoted the use of digital transformation technologies, including artificial intelligence, to drive the development of technology and production innovation. It improved operational efficiency across many functions and expanded global sourcing by utilizing an integrated core business system. It also strengthened measures to address cyber security and other risks.

To enhance capital efficiency and adopt management practices that consider share prices, the Company introduced return on invested capital (ROIC) as a key business management indicator throughout the organization. The Company focused on improving the cash conversion cycle (CCC) and reducing working capital. Additionally, the Company decreased the shares held and repurchased treasury shares to improve return on equity (ROE). To enhance governance, the Company increased the number of independent outside directors. Additionally, the Company enhanced its investor relations (IR) and shareholder relations (SR), thereby significantly increasing dialogue with shareholders and incorporating their feedback into management initiatives.

As a result, net sales for the fiscal year under review rose to 351,064 million yen (up 9.0% year on year). Operating profit stood at 20,414 million yen (up 52.7% year on year) and ordinary profit came to 21,008 million yen (up 63.1% year on year). Profit attributable to owners of parent was 18,540 million yen (up 90.4% year on year).

業績見通し

（2025年12月期）

2025年2月14日発表

単位：百万円

In the next fiscal year, the economy is expected to continue its moderate recovery. However, there is the risk that a downturn will occur due to persistently high interest rates in the United States and Europe and the stagnant real estate market in China. The Group also expects the business environment to be harsh with challenges such as rising prices, the potential impacts of future US policies, and the ongoing conflicts in the Middle East. This notwithstanding, the Group forecasts net sales of 370,000 million yen (growth rate of 5.4%), operating profit of 22,000 million yen (growth rate of 7.8%), ordinary profit of 21,000 million yen (growth rate of minus 0.0%), and profit attributable to owners of parent of 17,500 million yen (growth rate of minus 5.6%) as a result the measures to address the issues described on following our challenges.


◆Our challenges

In the next fiscal year, which is the second fiscal year under the “artience2027,” the new medium-term management plan, the Group will move forward with each business as described below.

In the Colorants and Functional Materials Related Business, the Group will implement key initiatives include establishing a production system in China to meet market needs for increasing market share of materials used in LCD color filters there. The Group plans to steadily grow the optical semiconductor business. It aims to expand the scope of the business by developing next-generation technologies with a diverse range of applications. The Group intends to establish a system for manufacturing lithium-ion battery materials for automotive applications in Europe, the United States, China and Japan, taking into account the business environment, and assuming that the shift to electric vehicles will remain consistent in the medium to long term. The Group also aims to gain new customers for these products and expand its product lines, including conductive agents for negative electrodes and LMFP batteries, to diversify its profit opportunities. At the same time, the Group will push ahead with the development of next-generation technologies, including all-solid-state batteries.

In the Polymers and Coatings Related Business, the Group plans to develop pressure sensitive adhesives to meet needs, primarily in China, the United States and India. The Group aims to optimize the supply chain on a global scale and increase capacity of production. As for can coatings, the Group will enhance its global network to expand the effect of the mergers and acquisition in 2023 and generate synergy. Regarding materials related to electronics, the Group aims to enhance the performance of products used in semiconductors. The Group plans to accelerate business expansion by promoting the development of differentiated products and the acquisition of mass production technologies through the use of a pilot plant. The Group also considers forming alliances as well as pursuing mergers and acquisitions.

In the Packaging Materials Related Business, the Group aims to capture growth in overseas markets, particularly in India and Southeast Asia. In China, the Group will rebuild the collaborative system among our business sites to enhance production, sales and technology and achieve further growth. The Group will accelerate its market expansion from Turkey to Europe, the Middle East and Africa (EMEA) following the commencement of operations at a new plant in Turkey. Meanwhile, the Group will develop environmentally friendly products in anticipation of emerging customer needs for these products.

In the Printing and Information Related Business, the Group aims to further improve efficiency in anticipation of a continued contraction in Japan’s information-related printing market in Japan. To achieve this, the Group is considering forming alliances. The Group intends to take steps to expand the sales of UV and LED curable inks to address the demand for energy saving solutions and develop sheet-fed printing inks and functional coatings that contribute to plastic reduction. The Group will also accelerate its expansion into overseas markets and the development of products for the paper container and packaging market.

In addition to undertaking these business activities, the Group will enhance to build a management foundation to implement sustainable management practices. The Group aims to enhance employee engagement and foster a corporate climate that encourages employees to embrace challenges by reforming the personnel and human resource development systems, implementing DE&I initiatives and conducting business idea contests and other related efforts. Additionally, it will enhance its human resources through various talent acquisition initiatives linked to business strategies. The Group will encourage the use of ROIC and other indicators of capital efficiency to enhance business operations. Additionally, the Group will continue actions to address the demands of society, including initiatives aimed at reducing environmental impact, in accordance with the asv2050/2030, artience Sustainability Vision. The Group is committed to proactively and reactively moving forward with digital transformation. It will implement initiatives to transform product development and other operations, including using generative artificial intelligence in its material development and business strategy creation activities. Meanwhile, the Group will continue to strive to increase awareness of the new Corporate Identity and Philosophy System both internally and externally while promoting the establishment of its new brand.



Note: The above forecasts are based on the information available as of February 14, 2025. Actual results could differ materially from these forecasts due to various factors in the future.