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Valve & Piping Systems Divisions
<Thermoplastic valves, pipes, fittings, engineering business, etc.>
● Promote sales activities that contribute to benefiting our customers by developing products that solve corrosion resistance problems and pursue the functionality of plastic pipe materials.
・ For such principal products as thermoplastic valves, the sales decreased year on year, as the capital investment and the demand for factory construction in Japan and overseas were not high due to the cautious approach assessing the impact of the US customs policy. For the engineering business for applications that use thermoplastic piping materials, etc., the sales decreased year on year affected by the delay in factory-construction projects.
<Dymatrix products for semiconductor manufacturing equipment>
● We contribute to the sophistication of semiconductors by developing small precision valves to conform to the highly sophisticated semiconductor manufacturing processes.
・ The sales increased year on year steadily capturing the demand expansion at local manufacturers in China while the demand in the domestic market has become stagnant.
<Profits>
・ Profits decreased due to a decrease in sales and an increase in fixed costs such as labor costs, depreciation costs.
| Net Sales |
12.09 billion yen |
YoY -7.0% |
| Operating profit |
1.85 billion yen |
YoY -27.2% |
| Operating profit ratio |
15.3% |
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Resin Divisions
<Electronics materials>
● We continue to pursue low-metal technology for electronics materials, and contribute to the advancement of semiconductors.
・ In Japan, the sales increased year on year, as the demand for materials for post-processing relating to generative AI products has increased, and also, due to the demand recovery for photoresist materials for legacy semiconductors such as sensors and power semiconductors.
・ Also in China, the sales increased year on year, as there has been a strong demand in such areas as FPD (flat panel display) including LCD and organic EL.
・ Factory No.2 at Asahi Organic Chemicals (Nantong) Co., Ltd. is under preparation, scheduled to start construction in September 2025.
<Foundry materials products>
● In the manufacturing of casting products needed in automobiles, construction machinery, etc., we focus on serving our customers by proposing optimal products for a variety of different casting processes.
・ In Japan, along with implementing price revisions to respond to rising raw material costs, we encouraged our customers to switch to higher value-added products, and as a result, the sales increased year on year.
<Foam material products>
● Since these products are finalized after being installed on-site, we have provided our customers with peace of mind and safety through our efforts to improve the on-site installed quality.
・ For the on-site thermal insulation foam materials, the sales decreased year on year due to a decrease in housing starts. For the civil engineering materials for tunnel excavation, the sales decreased year on year due to a decrease in sales volume along with the completion of the orders received using our civil engineering materials.
<Profits>
・ Profits increased year on year due to the completion of additional construction at Rand Wick, our subsidiary, that installs spray-applied thermal insulation materials in addition to sales promotion for high-valued products in foundry materials business and the intake of demand for photoresist materials for semiconductor and for FPD-related business in China, though there was an increase in such fixed costs as depreciation and labor costs.
| Net Sales |
6.06 billion yen |
YoY +8.9% |
| Operating profit |
0.37 billion yen |
YoY +49.7% |
| Operating profit ratio |
6.1% |
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Water Treatment & Natural Resources Development Divisions
<Water treatment business>
● We focus on designing and constructing water treatment facilities, and constructing water reclamation systems that make effective use of water resources.
● We focus on providing maintenance services and water treatment agents to ensure stable operation for facilities and equipment.
・ The sales increased year on year as a whole, as constructions smoothly progressed for government projects, while there were some partial delays in private projects.
・ The sales of water treatment agents decreased year on year due to a decline in product shipments. .
<Natural resources development business>
● We contribute to the effective use of resources with our steam well drilling for geothermal power generation, and hot springs development works.
・The profits decreased year on year, due to a decrease in the number of hot spring development projects as well as a delay in some of such constructions, while the geothermal drilling projects mostly progressed as planned. .
<Profits>
・ The profits decreased year on year, as the sales decreased in the natural resources development business and due to the increase in fixed costs for all the businesses, etc.
| Net Sales |
1.87 billion yen |
YoY +11.6% |
| Operating profit |
-0.03 billion yen |
Operating loss increased by
0.02 billion yen YoY
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| Operating profit ratio |
－ % |
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