Kurita Water Industries Ltd.

Results Presentation
for the First Quarterof the Fiscal Year Ending March 31, 2025
(Securities code: 6370)

August 8, 2024

Overview of Results(Billions of Yen)

FY 03/2024
Three-Month
Results

FY 03/2025
Three-Month
Results

YoY Change

FY 03/2025
1H Forecast

YoY Change

Orders98.4

99.3+ 0.9%

212.0+ 13.7%

Net Sales

90.5

94.0+ 3.8%

194.0+ 3.0%

Business Profit

7.5

8.4+ 12.1%

20.0+ 10.7%

Net of Other Income and Expenses

0.70.3－(0.5)－Operating Profit

8.1

8.6+ 6.2%

19.5+ 6.6%

Profit Before Tax

8.1

8.7+ 7.6%

19.2+ 5.6%

Profit Attributable to Owners of Parent

5.7

5.7+ 0.1%

13.5+ 7.2%

50.67

50.74+ 0.1％

120.13+ 7.2%

USD (yen)

137.4

155.9

142.0

EUR (yen)

149.5

167.9

154.0

CNY (yen)

19.6

21.5

19.8

Basic Earnings per Share (yen)Foreign Exchange
Rate⚫ Arcade Engineering GmbH and its group companies were consolidated in the General Industry segment in the second quarter of the previous fiscal year.

1Results by Segment(Billions of Yen)

FY 03/2024
Three-MonthResultsOrders

98.4

Net Sales

TotalElectronics
Industry

GeneralIndustry

FY 03/2025
Three-Month
Results

YoY Change

FY 03/2025
1H Forecast

99.3+ 0.9

212.0

90.5

94.0+ 3.4

194.0

Business Profit

7.5

8.4+ 0.9

20.0

Business Profit
Margin8.2%

8.9%+ 0.7pp10.3%

Operating Profit

8.1

8.6+ 0.5

19.5

Orders42.0

37.4(4.7)

86.0

Net Sales

43.2

43.6+ 0.4

85.0

Business Profit

4.4

4.7+ 0.4

9.8

Business Profit
Margin

10.1％

10.8％

+ 0.7pp11.5％

Operating Profit

4.5

4.8+ 0.2

9.8

Orders

56.461.9+ 5.5

126.0Net Sales

47.3

50.4+ 3.0

109.0

Business Profit

3.1

3.7+ 0.6

10.2

Business Profit
Margin6.5％

7.3％+ 0.7pp

9.4％

Operating Profit

3.6

3.9+ 0.3

9.7

Electronics Industry⚫ Orders declined due to decreased facility orders.
⚫ Net sales declined excluding the impact of foreignexchange rates due to the absence of net sales
coming from a Japanese large-scale facility project inthe same period of the previous fiscal year, although
recurring contract-based services increased.
⚫ Business profit increased, with the effects of an
improved cost of sales ratio due to the increase ofservice business sales, more than offsetting the impact
of decreased sales and increased SG&A expenses.
General Industry⚫ Orders increased excluding the impacts of foreignexchange rates and new consolidation mainly due toincreased orders for maintenance.
⚫ Net sales declined excluding the impacts of foreignexchange rates and new consolidation mainly due todecreased sales in overseas chemicals business.
⚫ Business profit increased, with the effects of an
improved cost of sales ratio due to expanded CSV
business and optimization of product composition,
more than offsetting the impact of decreased sales andincreased SG&A expenses.
2Factors in Business Profit Change (YoY Change)(Billions of Yen)

10.0

7.5

Improving thecost of sales ratio

Increase in
SG&A expenses

+ 2.3

(1.0)

Impact ofdecreased sales

Impact of foreignexchange rate and newconsolidation*

+ 0.4

8.4

(0.8)
⚫ Increase in personnel
expenses⚫ Increase in R&D
expenses

5.0
FY 03/2024
Three-MonthResults⚫ Sales decreased inboth Electronics
Industry segment
and GeneralIndustry segment⚫ Improved in Electronics Industry
segment due to the higher
proportion of net sales from theservice business⚫ Improved in General Industry
segment due to expanded CSV
business and optimization ofproduct composition

FY 03/2025
Three-Month
Results

YoY change : ＋0.9
0.0
* Arcade Engineering GmbH and its group companies were consolidated in the General Industry segment in the second quarter of the previous fiscal year.

3Electronics Industry Segment
FY 03/2024
Three-Month
Results

FY 03/2025
Three-Month
Results

YoY Change

FY 03/2025
1H Forecast

42.0

37.4(4.7)

86.0

Facilities

14.96.4(8.5)

30.4

Recurring ContractBased Services

11.3

11.9+ 0.7

23.9

Services

15.9

19.0+ 3.2

31.7

Chemicals

2.5

3.0+ 0.5

5.5

Precision Tool
Cleaning

5.6

7.2+ 1.5

13.6

Maintenance

7.7

8.8+ 1.2

12.6

Net Sales

43.2

43.6

+ 0.4

85.0

Facilities

19.5

18.1

(1.4)

33.2

Recurring ContractBased Services

11.2

11.9

+ 0.8

23.7

Services

12.6

13.6

+ 1.1

28.1

Chemicals

2.5

2.9

+ 0.3

5.5

Precision Tool
Cleaning

5.7

7.0+ 1.3

13.6

Organic Change(1.9)

Maintenance4.33.7(0.6)

9.0

Impact of Foreign Exchange Rate

+ 2.3

(Billions of Yen)

Orders⚫ Orders for facilities declined due to the absence of theseveral large projects in the same period of theprevious fiscal year. Net sales for facilities decreased
due to the absence of sales coming from a Japaneselarge-scale facility project posted in the previous fiscal
year despite of an increased sales in China.
⚫ Recurring contract-based services increased due toan increase in water supply business.

⚫ Net sales for precision tool cleaning increased evenexcluding the impact of foreign exchange rates.
⚫ Orders and net sales for maintenance were in line with
1H forecast, while year on year change depends on
the timing of the projects.

Factors in Change(Billions of Yen)

4

General Industry Segment
FY 03/2024
Three-Month
Results

FY 03/2025
Three-Month
Results

YoY Change

FY 03/2025
1H Forecast

56.4

61.9

+ 5.5

126.0

Facilities

7.7

8.8

+ 1.1

29.5

Recurring ContractBased Services

2.9

3.2

+ 0.3

5.0Services

45.8

50.0+ 4.2

91.5

Chemicals

27.8

29.0

+ 1.3

61.9

Maintenance

16.4

17.9+ 1.5

25.4

Others1.7

3.1+ 1.4

4.3

Net Sales

47.3

50.4+ 3.0

109.0

Facilities

4.5

6.3

+ 1.8

16.8

Recurring ContractBased Services

2.2

2.7+ 0.5

5.3

Services

40.6

41.4

+ 0.8

86.8

Chemicals

27.7

28.5+ 0.8

61.7

Maintenance

11.2

10.9(0.3)

21.2

Others1.7

1.9+ 0.3

3.9(Billions of Yen)

Orders⚫ Orders and net sales for facilities increased due to thenew consolidation of Arcade Engineering and anacquisition of projects and construction progress for
public sector in North America.
⚫ Recurring contract-based services increased due tothe growth both in Japan and overseas.
⚫ Orders and net sales for chemicals declined overseas
excluding the impact of foreign exchange rates, but
CSV business expanded.
⚫ Orders for maintenance increased mainly in Japan.

Factors in Change(Billions of Yen)

Organic Change(0.9)

Impact of Foreign Exchange Rate+ 2.7

Impact of New Consolidation+ 1.35

Net Sales by Region / CSV Business Net Sales
Net Sales by Region - Consolidated

Net Sales by Region - General Industry

FY 03/2024
Three-Month
Results

FY 03/2025
Three-Month
Results

YoY Change

FY 03/2025
1H Forecast

Japan

48.1

42.4(5.7)

85.8

Asia

20.3

25.1+ 4.8

North & SouthAmerica

14.2

17.2

EMEA

8.0
90.5

(Billions of Yen)

Total

FY 03/2024
Three-Month
Results

FY 03/2025
Three-Month
Results

YoY Change

FY 03/2025
1H Forecast

Japan

23.6

23.8

+ 0.2

48.6

50.0

Asia

5.4

5.1(0.3)

12.0+ 3.0

37.5

North & SouthAmerica

10.6

12.3

+ 1.7

27.8

9.3

+ 1.3

20.7

EMEA

7.7

9.1

+ 1.3

20.7

94.0+ 3.4

194.0

47.3

50.4+ 3.0

109.0

FY 03/2025
Three-MonthResults

YoY Change

Net Sales by Region - Electronics Industry
FY 03/2025
Three-Month
Results

YoY Change

FY 03/2025
1H Forecast

Japan

24.5

18.6(5.9)

37.2

Asia

14.9

19.9+ 5.0

38.0

North & SouthAmerica

3.6

4.9+ 1.3

EMEA*

0.3

0.2

43.2

43.6

Total

Total

CSV Business Net Sales

FY 03/2024
Three-Month
Results(Billions of Yen)

(Billions of Yen)

(Billions of Yen)

FY 03/2024
Three-Month
Results

FY 03/2025
Full-Year
Forecast

Consolidated

8.9

11.2+ 2.3

48.0

2.9

3.3+ 0.4

14.5

9.8

Electronics
Industry(0.0)

ーGeneralIndustry

6.0

7.9+ 1.9

33.5+ 0.485.0* From the first quarter of this fiscal year, net sales for precision tool cleaning business in EMEA has been recognized as EMEA sales, while the forecast figures are still included in North and South America.
6Capital Expenditures, Depreciation and R&D Expenses（Billions of Yen）

FY 03/2024
FY 03/2025
Three-Month Three-Month YoY Change
Results
Results

FY 03/2025
Full-Year
Forecast⚫ Capital expenditures increased compared to the same
period of the previous fiscal year due to a higher investment
in water supply business and precision tool cleaning.

Capital Expenditures(Property, Plant andEquipment*)

8.3

12.0+ 3.6

46.4

⚫ Depreciation increased mainly due to the start of new watersupply business project in this fiscal year.

Depreciation(Property, Plant andEquipment*)

6.9

7.3

+ 0.5

31.5

⚫ R&D expenses increased due to strengthening efforts tocreate innovation.

R&D Expenses

1.7

2.0

+ 0.3

7.5

* Right-of-use assets are included.

7Forward-looking Statements
This presentation contains forward-looking statements, business plan projections, and judgments based on information
available to management at the time of writing. Due to the existence of a variety of risk factors and uncertainties, actual
results may differ from those specified or implied by these forward-looking statements and projections.
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