Note: This document has been translated from the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail.

RIKEN TECHNOS CORPORATION
Financial and Management Results
Briefing for Fiscal Year
Ended March 2024
May 17, 2024

Overview of
Financial Results
Contents

Segment Overview
Medium- and LongTerm Initiatives

すべての生活空間に快適さを提供するリーディングカンパニーを目指して

2

Overview of
Financial Results

1. Overview of
Financial
Results

すべての生活空間に快適さを提供するリーディングカンパニーを目指して

Segment Overview
Medium- and LongTerm Initiatives

3

Summary of Consolidated
Financial Results for the Year
Ended March 2024

｜ 1. Overview of Financial Results(Unit: million yen)

Actual results for Actual results forthe year ended
the year ended
March 2023
March 2024

Year on Year
(YoY) change

YoY
percentagechangeForecasts for theyear ended
March 2024*

Net sales

123,497

125,739

2,242

1.8%

128,000

Gross profit

20,351

21,882

1,531

7.5%

-

Operating profit

7,506

8,775

1,269

16.9%

7,600

Ordinary profit

7,964

9,544

1,580

19.8%

7,800

Profit attributable toowners of parent

4,557

6,880

2,323

51.0%

4,500

Basic earnings per share

72.11

114.24

42.13

58.4%

71.14

6.1

7.0

0.9

-

5.9

ROS(%)

Average naphtha price for the year ended March 2024 : 69,100 yen/KL
Average exchange rate for the year ended March 2024: 140.55 yen/USD* Initial forecast

Revenue and profit increased due to a higher sales volume, sales price optimization, and the effects ofyen depreciation.
Extraordinary income included 1.9 billion yen from sale of investment securities (cross-shareholdings).
Net sales and each profit set record-high for three years in a row.
すべての生活空間に快適さを提供するリーディングカンパニーを目指して

4

Net Sales by Segment
Net sales for the year ended
March 2024(100 million yen)
1,500
100

125.7

｜ 1. Overview of Financial Resultsbillion yen

Change in sales volume with volume for the FY 2020 set to 100
113
109
105

1,257

1,234
1,099
1,000

882
210
(23.8%)

251(22.9%)

214

271(22.0%)

246

▲5
＋4

(19.9%)(19.8%)

306

250(27.9%)

266(21.2%)(19.9%)(27.6%)

334

＋6

340

(27.1%)(27.1%)

380

400

324
(29.5%)(30.8%)＋20

60

FY2021

FY2022

すべての生活空間に快適さを提供するリーディングカンパニーを目指して

40

20(31.8%)

0
FY2020Construction
Housing, buildings, construction
materials, etc

80

250

(28.4%)

243

100

Electronics
Energy, telecommunications, ITequipment marlets, etc.

(19.6%)

174
500

22 billion yen increase from the same term of previous year
(1.8% increase)

FY20230Daily Life & Healthcare
Medical, materials for daily life,
food packaging markets,etc.

Transportation
Automobile, railroad, ship
market, etc* Percentages in parentheses on the bar graphindicate each segment’s share of overall results

5Net Sales by Region
Net sales for the year ended
March 2024

125.7

｜ 1. Overview of Financial Resultsbillion yen

22 billion yen increase from the same term of previous year
(1.8% increase)(100 million yen)
1,500

1,257

1,234
1,099
1,000

882
112

(12.8%)

260
500

163

211

▲19

(17.1%)

192(15.3%)

North America(14.8%)

356

418

＋12

430
(34.2%)(33.9%)

Asia

Japan

(32.4%)(29.6%)

505(57.3%)

574

600(52.2%)(48.6%)＋30

630(50.2%)

0
Overseas
sales ratio

Other

FY2020

FY2021

FY2022

FY2023

42.7%

47.8%

51.4%

49.8%

すべての生活空間に快適さを提供するリーディングカンパニーを目指して* Percentages in parentheses on
the bar graph indicate eachsegment’s share of overall results

6Analysis of Factors Underlying
YoY Change in Operating Profit｜ 1. Overview of Financial Results(Unit: million yen)

Delay of
Optimization
effect of selling
pricesIncrease in
sales
volumes

Decrease in
SG&A

Exchange
rate effect

Increase in
R&D costs

Increase in direct labor
cost and othermanufacturing cost

Increase inin-direct
labor costs

Lower sales in
Chinese and US
markets

11,00010,000
9,000

907

8,000

574

311

259

142

188

202

250

7,000
6,000
5,000
4,000

8,775

7,506

3,000

Profit increase of 1,269 million yen

2,000
1,000
0

Year ended
March 2023

すべての生活空間に快適さを提供するリーディングカンパニーを目指して

Year ended
March 2024
7

Analysis of Factors Underlying｜ 1. Overview of Financial Results
Forecast Change in Operating Profit(Unit: million yen)
Manufacturing
cost reduction
effects

Delay of
Optimization
effect ofselling prices

Decrease in
SG&A

Exchange
rate effectLower sales in
Chinese and US
markets

10,000
9,000

653

8,000

360

235

203

275

7,000
6,000
5,000
4,000

7,600

Profit increase of 1,175 million yen

8,775

3,000
2,000
1,000
0

Year ended
March 2024
(initial forecast)
すべての生活空間に快適さを提供するリーディングカンパニーを目指して

Year ended
March 2024
(actual results)

8Consolidated Balance Sheet｜ 1. Overview of Financial Results(Unit: million yen)March 31,2023

March 31,2024

Increase/decrease

March 31,2023

71,667

71,820Cash and deposits

23,481

21,879-1,692Current liabilities

Trade receivables

28,49529,9291,434

Non-current liabilities

Inventories

18,734

19,376956

Non-current assets

Increase/decrease

39,837

41,633

1,796

33,87635,432

1,556

5,961

6,200

239

642 Net assets

72,16574,017

1,852

635

-321

Share capital

8,514

8,514

-

40,334

43,8293,495

Capital surplus

6,597

6,597

-

Property, plant, andequipment

27,07728,475

1,398

Retained earnings

41,46339,535-1,928Intangible assets

2,286

2,247

-39

Valuation difference on
available-for-sale securities

4,904

6,526

1,622

Investment securities

8,777

10,5091,732

Non-controllinginterests

8,969

9,577

608

Investments andother assets

2,193

2,599

406

Other

1,718

3,268

1,550

Total assets

112,002115,650

3,648

112,002115,650

3,648

Current assets

Other

153 Liabilities

March 31,2024

Total liabilities and net
assetsAlthough investment security book value decreased due to sales of cross-shareholdings, the balance
increased due to increase of market value.
Retained earnings decreased due to cancellation of treasury shares and increased dividend payouts.
Interest-bearing debt: 10,152 million yen
すべての生活空間に快適さを提供するリーディングカンパニーを目指して

9

Consolidated Statement of
Cash Flows｜ 1. Overview of Financial Results(Unit: million yen)

Year ended
March 2023

Year ended
March 2024

Increase/
Decreasea. Cash flows from operating activities

8,524

10,753

2,229

b. Cash flows from investing activities-3,955-1,6682,287-3,675-4,037

-362

-311

-211

100

Proceeds from sale of investment securities

46

2,587

2,541

Other

-15

-7

8

c. Free cash flow (a + b)

4,569

9,084

4,515

d. Cash flows from financing activities-2,335-11,120-8,7850-7,000-7,000

Dividends paid

-1,281-1,793

-512

Other

-1,054-2,326-1

e. Effect of exchange rate change on cash and cash equivalents

543

432

-111

Net increase/decrease in cash and cash equivalents (c + d + e)

2,777

-1,602-4,379Cash and cash equivalents at end of period

23,454

21,852-1,602

Purchase of property, plant, and equipment
Purchase of intangible assets

Purchase of treasury shares

Although capital investment increased, cash flows from investing activities decreased due to cash fromsale of investment securities.
Cash flows from financing activities increased due to purchase of treasury shares and payment ofdividends.
すべての生活空間に快適さを提供するリーディングカンパニーを目指して

10

Consolidated Earnings Forecast ｜ 1. Overview of Financial Results
for the Year Ending March 2025

(Unit: million yen)

Actual results
for year ended
March 2024

Earnings
forecast foryear ending
March 2025

Compared toprevious year
Difference

Growth rate

125,739130,000

4,261

3.4%

Operating profit

8,775

9,200

425

4.8%

Ordinary profit

9,544

9,500

- 44

-0.5%

Profit attributable toowners of parent

6,880

5,200

- 1,680 -24.4%

114.2495.54- 18.70 -16.4%

ROS(%)

7.0

7.1

0.1

-

ROE(%)

10.8

8.0

- 2.8

-

Net sales

Basic earnings per share

Projected domestic naphtha price: 71,000 yen/KL; projected exchange rate: 140 yen/USD
Operating profit is forecast to increase due to a higher sales volume and sales price optimization.
(Aiming for a record high profit)
No foreign exchange gains are forecast, and ordinary profit is forecast to remain largely unchanged
year on year.
すべての生活空間に快適さを提供するリーディングカンパニーを目指して
11

Analysis of Factors Underlying
Change in Operating Profit for YearEnding March 2025 (Forecast)
Optimizationof selling
pricesIncrease in
sales
volumes｜ 1. Overview of Financial Results(Unit: million yen)Exchange
rate effect

Increase inlabor cost

107

179

Increase in R&D
costs

11,00010,000

460

9,000

452

202

8,000
7,000
6,000
5,000
4,000

8,775

9,580
8,775
Profit 9,235
increaseof 4259,401
million 9,199
yen

9,200

3,000
2,000
1,000
0

Year ended
March 2024
(actual results)

すべての生活空間に快適さを提供するリーディングカンパニーを目指して

Year ending
March 2025
(forecast)12

Overview of
Financial Results

2. Segment
Overview

Segment Overview
Medium- and LongTerm Initiatives

すべての生活空間に快適さを提供するリーディングカンパニーを目指して

13

Transportation

Wire Harnesses

Molded Parts for Automobiles

14

Transportation｜ 2. Segment Overview（Unit: million yen）

6,000

50,00040,00038,09040,004

41,90042,500

3,858

4,300

3,647

3,600

20,0002,000

Overseas revenue increased due to higher sales asJapanese automobile production recovered in North
America and India, despite lower Japanese automobile
production in the Chinese market.
Segment profits decreased due to lower sales as Japanese
automobile production dropped in China, and due to theeffect of delays in increasing price for some raw materials
hike.
Forecast for the
fiscal year ending
March 2025

10,0000

FY2022
actualDomestic sales

FY2023
actualFY2024
forecast

Overseas sales

FY2024planned (final
year ofMedium-term
Business
Plan)

0

Segment profit

すべての生活空間に快適さを提供するリーディングカンパニーを目指して

1,914 million yen revenue increase (+5.0%)
211 million yen profit decrease (-5.5%)

Domestic revenue increased due to recovery of theautomobile market and higher sales of elastomer
compounds to that market.

4,000
30,000

Actual results forthe year ended
March 2024

1,896 million yen revenue increase (+4.7%)653 million yen profit increase (+17.9%)

Domestic revenue increases due to expanded sales ofelastomer compounds despite the automobile market
remaining fairly constant.
Overseas revenue increases due to higher sales in North
America, ASEAN, and India, despite the effect of lower
Japanese automobile production in the Chinese market.
Segment profits are forecast to increases due to a higher
sales volume.

15

Transportation
Focus Area ① Wire Harnesses

Focus Area ② Molded Parts for Automobiles

Compound usage by Japanese wire harness manufacturers and our sales ofcompounds for wire harnesses

Japanese automobile production and sales of compounds for automotive molded parts(1,000 t)(100 million yen)

300
81

87

87

90

150

192

193

26

26

40

40

205

206

34

24

39

0

(100 million yen)

60
40

3,000

123

129

128

3

4

3

4

FY2022
actualFY2023
actualFY2024
forecast

FY2024planned (final
year ofMedium-term
Business Plan)

20

2,482

2,490

2,574

*FY2022 vs. FY2023

2,500
2,000

North America

90

1,500

China

Japan

45

112

128

145

141

1,000
500

Conpound usage

0

Net Sales: +14%

135

ASEAN

123

(10K vehicles) Market Growth:+7%

180
2,325

80

51

100
50

100

Market Growth: +7%
Net Sales: +1%*FY2022 vs. FY2023

250
200

｜ 2. Segment Overview* Research by RIKENTECHNOS based on
figures published by
Japanese automakers

Full-year results for the year ended March 2024
• Net sales were at the same level as the previous year due to lower raw
material prices resulting in lower product sales prices, despite a higher
sales volume due to higher Japanese automobile production.

Full-year measures for the year ending March 2025
• Sales volume increase by fully capturing automobile production volume
increases in North America and India.
すべての生活空間に快適さを提供するリーディングカンパニーを目指して• Obtain customer approval for market-dominant compounds globally.

0

FY2022
actualFY2023
actualFY2024
forecast

FY2024planned (final
year ofMedium-term
Business Plan)

0

Compoundsales
Japanese
automobile
production* Based on figures
published by Japanese
automakers

Full-year results for the year ended March 2024
• Revenue increased due to higher sales accompanying increased
Japanese automobile production and new sales expansion of sealing
and functional parts.

Full-year measures for the year ending March 2025
• Increase sales to Japanese seal manufacturers.
• Promote newly adopted materials for sealing and functional parts inJapan to customers overseas.

16

Daily Life&
Healthcare
Medical（PVC）

Rubber Substitutes

17

Daily Life & Healthcare(Unit: million yen)

40,0006,000
33,492

34,05535,70035,400

4,000

2,735
2,500

2,000

10,0001,477

FY2022
actual563 million yen revenue increase (+1.7%)
1,258 million yen profit increase (+85.1%)

Overseas revenue decreased due to lower sales of PVC
compounds for consumer goods in Thailand.
Segment profits increased due to price optimization of
products, higher sales of PVC compounds in North
America, and higher sales of small-roll wrap products.

2,500

0

Actual results forthe year ended
March 2024

Domestic revenue increased due to strong sales of smallroll wrap products, despite lower sales of elastomer
compounds for consumer goods.

30,00020,000｜ 2. Segment Overview

Forecast for the
fiscal year ending
March 2025

1,645 million yen revenue increase (+4.8%)
253 million yen profit decrease (-8.6%)

Domestic revenue is forecast to increase due to higher
sales of compounds for consumer goods.

FY2023
actualFY2024
forecast

FY2024planned (final
year of Mediumterm Business
Plan)

0

Domestic sales
Overseas sales
Segment profit
すべての生活空間に快適さを提供するリーディングカンパニーを目指して

Overseas revenue is forecast to increase due to higher
sales of compounds for medical and consumer goods.
Segment profits are forecast to decrease due to higher
raw material prices for food packaging, despite a forecast
increase in sales of compounds for medical andconsumer goods.
18

Daily Life & Healthcare｜ 2. Segment Overview

Focus Area ① Medical (PVC)

Focus Area ② Rubber Substitutes

Global dialysis circuit sales volumes and our sales of medical PVC compounds

Domestic medical rubber production and our sales of rubber substitute compounds

447(100 million yen)

120
372

433

(Million sets)

397

400

100
80

80

79

82

81

77

76

78

150
100

20
0

300
200

79

50
3

3

3

3

FY2022
actualFY2023
actualFY2024
forecast

FY2024planned (final
year ofMedium-term
Business Plan)

Market Growth: +7%
Net sales: -1%*FY2022 vs. FY2023

350
250

60
40

450

(100 million yen)Overseas sales
Domestic sales
Global dialysis
circuit volumes

350

Full-year results for the year ended March 2024
• Revenue decreased due to lower product prices, despite higher
sales of medical PVC compounds for Japanese customers in
ASEAN.
Full-year measures for the year ending March 2025
• Increase sales of compounds for dialysis circuit to Japanesecustomers in the Japanese and North American markets.
すべての生活空間に快適さを提供するリーディングカンパニーを目指して

6.1

6.3

6.2

7.0

30

6.0

25

5.0

20

4.0
29

15
10

* Source: Medical Life Science,
Fuji Chimera Research Institute

6.1(1,000 t/year)

17

16

19

2.0

5
0

3.0

Market Growth: −%Net sales: -5%*FY2022 vs. FY2023

Net sales
Medical rubber
production* Source: The Japan Rubber
Manufacturers Association

1.0
FY2022
actualFY2023
actualFY2024
forecast

FY2024planned (final
year ofMedium-term
Business Plan)

0.0

Full-year results for the year ended March 2024
• Sales of elastomer compounds for foods, consumer, and industrial
goods decreased.
Full-year measures for the year ending March 2025
• Increase domestic sales of elastomer compounds for medical plugs
and consumer goods.
• Obtain customer approval of elastomer compounds for consumer
and industrial goods in ASEAN.
19

Electronics

Electric Power and Industrial
Wires

Telecommunications

Optical Films

Electronics｜ 2. Segment Overview(Unit: million yen)

29,00030,00024,62625,022

25,40020,000Overseas revenue decreased due to lower sales of PVC
compounds in the Chinese and United States markets
despite higher sales of PVC compounds in Indonesia.
Segment profits increased due to higher sales of PVC
compounds in Indonesia and expanded sales offunctional films.

1,400
1,300

10,000396 million yen revenue increase (+1.6%)
266 million yen profit increase (+26.7%)

Domestic revenue increased due to expanding sales offunctional films, including dicing film for thesemiconductor market, despite lower sales of PVC
compounds for machinery electric wires.

2,000

1,262

Actual results forthe year ended
March 2024

Forecast for the
fiscal year ending
March 2025

996

378 million yen revenue increase (+1.5%)
138 million yen profit increase (+10.9%)

Domestic revenue is forecast to increase due to higher
sales of compounds for the robotics and factory
automation market and telecommunications market.

0

FY2022
actualDomestic sales

FY2023
actualFY2024
forecast

Overseas sales

FY2024planned (final
year of Mediumterm Business
Plan)

0

Segment profit

すべての生活空間に快適さを提供するリーディングカンパニーを目指して

Overseas revenue is forecast to increase due to higher
sales of compounds in the US and Chinese markets andexpanded sales of functional films.
Segment profits are forecast to increases due to a higher
sales volume and expansion of sales.

21Electronics｜ 2. Segment Overview

Focus Area ① Electric Power and Industrial
Wires

Focus Area ② Telecommunications

Focus Area ③ Optical films

Domestic electric power and construction electricity market wire copper volumes
and our sales of compounds

Domestic telecommunications market wire copper volumes and our sales ofcompounds

Automotive thermal barrier film demand and our sales of optical films(100 million yen)349

(1,000 t)

344

349

365

350

200
165

150
100

Growth: -1%
400 Market
Net sales: -1%

7

300

123

122

126

250

5

4

5

200
158

118

118

121

150
100

50

50
0

FY2022
actualFY2023
actualFY2024
forecast

FY2024planned (final
year ofMedium-term
Business Plan)

0* FY2022 vs.
FY2023

Electrical materialrelated
components
Electric power andindustrial wires

Electric power andconstruction
electricity sales(100 million yen)

120
100

235

(1,000 t)

225

228

250

87

81

200

84
71

35

60

29

31

Full-year results for the year ended March 2024

• Domestic sales were at the same level as theprevious year due to promotion of sales to major
customers, despite a weak market.
• Overseas sales were at the same level as theprevious year due to higher sales to theIndonesian market, despite lower sales in the US
and Thai market.
Full-year measures for the year ending March 2025

0

150

19

52

52

53

52

FY2022
actualFY2023
actualFY2024
forecast

FY2024planned (final
year ofMedium-term
Business Plan)

Robotics and factory
automation

Electric power andconstruction
electricity market

50
0

35
30

227

(Million m2)

240

251

250

25

150
30
16

17

100

20

50

5
* Source: The JapaneseElectric Wire & Cable
Makers’ Association

Full-year results for the year ended March 2024
• Domestic sales were at the same level as theprevious year due to a weak telecommunications
market, despite expanded sales of EV charging
cable compounds for export to North America.
• Overseas sales were lower due to a sluggish
robotics and factory automation market in China.
Full-year measures for the year ending March 2025

• Expand sales of EV charging cable compounds
globally.
• Expand sales of compounds for the construction
electronics market in Japan.
• In Japan and China, expand sales in the
robotics and factory automation market and• Overseas, expand sales of electric power anddevice and electric wire market .
すべての生活空間に快適さを提供するリーディングカンパニーを目指して
industrial wires in the US and ASEAN.

0* FY2022 vs.
FY2023200

15
10Market Growth: +6%
Net sales: +6%

250

20
Telecommunications
and mobility

100

20* Source: The
Japanese Electric
Wire & Cable
Makers’ Association

Market Growth: -4%
Net sales: -7%* FY2022 vs.
FY2023

80

40

247

(100 million yen)

FY2022
actualFY2023
actualFY2024
forecast

FY2024planned (final
year ofMedium-term
Business Plan)

0

Optical films (total)

Automotive
thermal barrier film

* Source: Research
by RIKENTECHNOS

Full-year results for the year ended March 2024

• Increased revenue due to expansion of thebusiness and market recovery of semiconductor
films.
• Overseas sales of automobile thermal barrier
films were at the same level as the previous year.
Full-year measures for the year ending March 2025

• Launch sales of newly developed
semiconductor film products and expand
overseas sales.
• Expand sales of automobile thermal barrier films
by launching new functional products.

22

Building&Construction
Construction Films

Housing and Building
Materials

23

Building & Construction(Unit: million yen)

40,00030,0004,000

27,186

26,601

26,90028,00020,000

3,000

2,000
1,400
1,050

1,055

10,0000

FY2022
actualDomestic sales

FY2023
actual900

FY2024
forecast

Overseas sales

1,000

FY2024planned (final
year of Mediumterm Business
Plan)

0

｜ 2. Segment Overview

Actual results forthe year ended
March 2024

585 million yen revenue decrease (-2.2%)
5 million yen profit increase (+0.4%)

Domestic revenue increased due to higher sales of films
for the non-housing market, and PVC compounds forresin sashes attribute to the Japanese government’s
campaign to promote energy conservation in homes.
Overseas revenue decreased due to lower sales of PVC
compounds for the building materials market in the
United States.
Segment profits were at the same level as the previous
year due to lower sales of PVC compounds foroverseas building materials markets, despite higher
domestic sales.
Forecast for the
fiscal year ending
March 2025

299 million yen revenue increase (+1.1%)
155 million yen profit decrease (-14.7%)

Domestic revenue is forecast to increase due to higher
sales of PVC compounds for resin sashes attribute to
the campaign to promote energy conservation in homes.
Overseas revenue is forecast to decrease due to lower
sales of PVC compounds for housing and building
materials in the United States.
Segment profits are forecast to decrease due todeterioration in profitability of building film business.

Segment profit

すべての生活空間に快適さを提供するリーディングカンパニーを目指して

24Building & Construction｜ 2. Segment Overview

Focus Area ① Construction Film
Floor area of new domestic non-housing construction and our sales of
construction films(100 million yen)

120

44
39

100

86
6

10

(Million m 2)

50

40
93

81

80

48

85
6

40

10

40

80

79

83

20
10

20
0

FY2022
actualFY2023
actualFY2024
forecast*FY2022 vs. FY2023

FY2024planned (final
year ofMedium-term
Business Plan)

0

Construction market investment and our sales of compounds for housing
and building materials(100 million yen)

180
140
120

Domestic sales

100
80

Floor area of newdomestic non-housing
construction starts

62

60

59

(Trillion yen)

59

60

160

Overeas sales

30

60
71

Market Growth: -11%
Net sales: +6%

Focus Area ② Housing and Building Materials*FY2022 vs. FY2023

125
11

66

112

112

9

10

50

46

123

50

18

40

North America

30

Japan

20

Construction
market investment

55

60
40

* Sources:
Research Institute ofConstruction andEconomy20
0Market Growth: -2%
Net sales: -10%

48

53

56

50

FY2022
actualFY2023
actualFY2024
forecast

FY2024planned (final
year ofMedium-term
Business Plan)

ASEAN

10

* Source:
Construction Economic
ReportNO. 73 ©RICE

0

Full-year results for the year ended March 2024

Full-year results for the year ended March 2024

• Domestic sales to major customers increased despite a weak market.
• Overseas revenue decreased due to lower sales in North America.

• Domestic sales of PVC compounds for resin sashes increased due to thecampaign to promote energy conservation in homes.
• Overseas revenue decreased due to lower sales volume resulting fromthe sluggish the US market and decline in sales price.

Full-year measures for the year ending March 2025

Full-year measures for the year ending March 2025

• Expand domestic sales to exterior applications despite the weak market.
• Overseas, achieve early realization of a matching project for melamine
veneers in the North American market.
すべての生活空間に快適さを提供するリーディングカンパニーを目指して• Steadily capture domestic demand for PVC compounds for resin sashes
attributable to the campaign to promote energy conservation in homes.
• Overseas, although the U.S. housing market remains sluggish, increase
PVC for construction and building components to existing customers. 25

Overview of
Financial Results

3. Medium- andLong-Term
Initiatives

すべての生活空間に快適さを提供するリーディングカンパニーを目指して

Segment Overview
Medium- and LongTerm Initiatives

26

Medium- to Long-Term Vision
Medium-term Business Plan｜ 3. Medium- and Long-term Initiatives
The long-term vision is based on the RIKEN TECHNOS Group mission.
The new Medium-term Business Plan was launched in FY2022 to achieve the long-term vision.
RIKEN TECHNOS’ strengths
and business model
The capacity to meet theneeds of leading global
customers
Strong technical capabilities- Formulation design
technology- Kneading technology- Film manufacturing andprocessing technology

We are a challenger that harnesses the power of science to improve the qualityof life and create a safe, affluent society. We continuously provide new value
and satisfaction to people, companies and society through our original andsuperior formulations and manufacturing technologies of multiple resins.

Long-term
visionAiming to become the leading provider of comfort for all living spaces
Management
PolicyMedium-term
Business Plan

RIKEN TECHNOS’ (medium- tolong-term) business environment

Basic strategies of the Medium-term Business Plan

Plastic reduction movement
Growing environmental
awareness

Mission(reason forexistence)

1

2
3
Stay ahead ofTake on the challenge
customers’ expectations toward new businesses
and products

Digitalization trend

Intensify Global
Management andGenerate Synergies

Progress with EVs

Strategies to grow strengths of businesses

Shrinking domestic market
Growth in Asia

Strategies for future growth

Strategies and measures to support the above strategies

Intellectual property(R&D) investments
すべての生活空間に快適さを提供するリーディングカンパニーを目指してDX
investment

4
Contribute to solving
environmental andsocial issues

Capitalinvestments/manufacturing

Human
resources
investments

Governance27

Three-year Medium-term Business Plan

(Numerical Target) ｜ 3. Medium- and Long-term Initiatives（Unit：100 million Yen）

ROS

1,400

ROE

10.8%（*1）

1,350
1,300

1,300
1,234

1,257

120

8.0%

8.0%

100

6.3%

80

7.5%

1,200

7.0%
6.1%

7.1%

60

1,100
1,000
900

140

92

87

75

68

52

45

FY2022
actualFY2023
ActualactualNet Sales

85
50

FY2024
Forecast
forecast

Operating Profit

40

FY2024planned (final
year ofMedium-term
Business
Plan)

20
0

Net Profit*1 ROE for the FY2023 includes gains on sale of cross- shareholdings.
Note: Assumptions for Formulating the Medium-Term Management Plan
Plan for FY2024
Naphtha price: 61,000 yen/KL Exchange rate: 114 yen/USD
すべての生活空間に快適さを提供するリーディングカンパニーを目指して

28

Three-year Medium-term Business Plan (Results forthe year ended March 2024) ｜ 3. Medium- and Long-term Initiatives
Strategy 1: Intensify global management and generatesynergies.
Shared market information, made improvement plan andrealized improvement of human resources skills through global
sales/manufacturing meetings.
Conducted synergy strategy in ASEAN
Started operating a new line at the Thailand facility.
Started constructing a new plant at the Vietnam facility.
Started work to add a new line at the North America facility.
Started work to add a new elastomer line at Mie Factory.
Promoted a project for adopting a next-generation global coresystem.

Strategy 3: Take on the challenge toward new
businesses and products.
Promoted the exploration of themes, and started to narrow themdown, through the Start-up Office for New Business
Development.
Further promoted industry-academia and industry-industry
partnerships (currently collaborating on joint research with nineresearch institutes).
Developed low-allergen RIKEGUARD® A, vulcanized rubber
substitute TPVs, and reform materials for recycled rigid PVC.
Selected and proposed new product development themes inline with IP strategies.
すべての生活空間に快適さを提供するリーディングカンパニーを目指して

Strategy 2: Stay ahead of customers’ expectations.
Held technology sharing meetings with major customers touncover potential customer needs.
Centralized customer information through SFA/CRM.
Continued development using materials informatics after full
implementation in the first half of the year.
Accelerated customer proposals by starting operation of a nextgeneration production pilot line for rubber-substitute TPV
compounds.

Strategy 4: Contribute to solving environmental andsocial issues.
Identified materiality topics and KPIs.
Started an internal carbon pricing system.
Developed and expanded sales of environmentally-friendly
products.
- Expanded RIKEBIO® series lineup.
- Developed reform materials for recycled rigid PVC.
- Launched RIKEN WRAP BOTANICAL sales.
Made recommendations to management through women's
empowerment project.
Made and implemented the RIKEN TECHNOS GROUP Human
Rights Policy.

29

Expansion of Growth Investments｜ 3. Medium- and Long-term Initiatives

Aim to achieve a cash allocation focused on growth investments.
Out

.

Out

In
Cash and deposits
Margin for reduction

Streamline balance
sheet

Trade
receivables
reduction

R&D
investment
5.7 billion yen(2.4 billion yen
overseas)
Capitalinvestment
12.4 billion yen(10 billion yen
in Japan)Previous Medium-term
Business Plan Actual(FY2019–FY2021)

Operatingcash flow
Over 26
billion yen

Actively consider technological investments, equity investments, and M&A
activities targeting new businesses.

□ Purchase treasury shares as shareholder returns.
Note: Fiscal year ended March 2024: 7 billion yen (13.2% of total amount ofissued shares, excluding treasury shares)

Purchase oftreasury shares

Sale of shares

Dividends
3.1 billion yen□

Strategic
investments

Full amount allotted asacquisition funding

Fiscal year ended March 2024:
2.6 billion yen.

Dividends
5.3 billion yen
R&D
investment
6.2 billion yen(8.8 billion yen
overseas)□

Increase dividend payout ratio to 35% (from fiscal year ended March 2023)□

Enhance R&D system and reinforce IP strategies.
• Expand R&D Center, adopt state-of-the-art prototype machines, enhance
staffing, etc.
• Generate IP through in-house development and leverage IP information.

Overseas investment
Implement capital investments centered on ASEAN.

Capitalinvestment
20.1 billion yen□

Enhance equipment at facilities in ASEAN and the U.S.

Domestic investment
Accelerate capital investments to reduce CO2 emissions.

(11.3 billion yen
in Japan)□□□Invest in equipment enhancement and streamlining.
Carbon neutral initiatives
Computer-system investment, etc.

Current Medium-term Business Plan Planned(FY2022–FY2024)

すべての生活空間に快適さを提供するリーディングカンパニーを目指して

30

Investment (results and forecasts)｜ 3. Medium- and Long-term Initiatives

Capital and IT System Investment

Three-year Medium-term Business Plan
Initial Investment Plan : 19.5 billion yen(Unit: 100 million yen)TotalamountMajor projects

Domestic

Overseas

Overseas
ratio

Depreciation

FY2022
results

Expansion of facilities in ASEAN countries
Reinforcement of facilities in Japan
Domestic and overseas investment instreamlining

47

33

14

30%

31

FY2023
results

Expansion of facilities in ASEAN and the U.S.
Expansion and reinforcement of facilities inJapan
Domestic and overseas carbon neutral
initiatives
Domestic and overseas investment instreamlining
Domestic and overseas IT systems
investments

64

32

32

50%

34

FY2024
forecasts

Expansion of facilities in ASEAN and the U.S.
Expansion and reinforcement of facilities inJapan
Domestic and overseas carbon neutral
initiatives
Domestic and overseas investment instreamlining
Domestic and overseas IT systems
investments

90

48

42

47%

35

201

113

88

44％

100

Total
すべての生活空間に快適さを提供するリーディングカンパニーを目指して

31

Main Capital Investments｜ 3. Medium- and Long-term Initiatives
RIKEN VIETNAM CO., LTD.
Expanding PVC compound production facilities
Constructing a new plant building,
新工場建屋、新ライン、
setting up a new production line, andexpanding warehouse facilities
倉庫増設<Progress>
Scheduled to start operations in《進捗》
November 2024
2024年11月
Total investment:稼働予定
Approximately
1.5
billionyen
投資総額：約15億円

RIKEN TECHNOS (Mie Factory)
Expanding thermoplastic elastomer
compounds production facilities

RIKEN ELASTOMERS CORPORATION
Expanding PVC compound production facilities
Adding a new line in the
既存建屋に新ライン増設
existing building<Progress>
Scheduled to start operations in《進捗》
December 2024
2024年12月
Total investment:稼働予定
Approximately
1.5 billion yen
投資総額：約15億円

RIKEN (THAILAND) CO., LTD
Solar panels

Decision on adding a new
既存建屋に新ライン増設
line in the existing building

Installation of solar panels
太陽光発電の導入<Progress>《進捗》
Scheduled to start operations in
2025年3Q
the 3rd quarter 稼働予定
of 2025
Total investment: Approximately
投資総額：約10億円

Scheduled to start operation《進捗》
in Jan 2025
2025年1Q 稼働予定
Total Investment: Approximately
投資総額：約4億円
0.4 billion yen

1.0 billion yen

Investments in streamlining

DX investments

Automation equipment in Thailand

IoT investments (sensing technologies and RFID)

Food packaging production equipment in Japan

Concept formulation for a next-generation global core system

Investments to improve energy efficiency(boilers, transformers, etc.)

Renewal and integration of Group core system at US
subsidiaries

Investment in FY2024: Approximately 0.6 billion yen

Investment in FY2024: Approximately 1.0 billion yen

すべての生活空間に快適さを提供するリーディングカンパニーを目指して

32

Investment in Research and Development｜ 3. Medium- and Long-term Initiatives

Research and development results
New product development and research initiatives
Developed new thermoplastic vulcanizates (TPVs), which are dynamically crosslinked
thermoplastic elastomers that can serve as vulcanized rubber substitutes
・Employed materials informatics (MI) to improve development speed in terms of formula
design for vulcanized rubber substitute TPVs.
・Made progress with development, including scale-up testing, by starting operation of a semicommercial plant.
・Developed new TPVs as substitutes for functional rubbers, including butyl rubber and NBR,
and general-purpose rubbers.
・Manufactured sheets made of developed compounds as rubber substitute sheets.
Launched RIKEGUARD® A, a new low-allergen product in the RIKEGUARD®
series・Confirmed reduced levels of allergen activity in efficacy evaluation testing using mites,
cedar pollen and other allergens.
・Offering a range of potential applications, including film, sheets, and nonwoven fabrics
in everyday life.
Note:The above test results are measured values, not guaranteed values.

Developed ICE-μ® “RE”, a highly transparent thermal barrier film
・Added heat-reflecting function and improved thermal barrier compared to current
products by 10 to 20% while maintaining radio wave transmission and transparency.
・Contributed to energy efficiency with automobile window films.
すべての生活空間に快適さを提供するリーディングカンパニーを目指して

33

Investment in Research and Development｜ 3. Medium- and Long-term Initiatives

Open innovation
Open innovation initiatives
In addition to the main R&D system, promoted collaborations with external research institutes.
(Currently collaborating on joint research with nine research institutes.)

Examples of Open Innovation Initiatives
・Joint development of organic photovoltaics (OPVs)
with Suwa University of Science
OPVs are next-generation solar cells that are attracting a lotof attention. Various designs are expected to take advantageof their characteristics, including thinness, light weight, highcolor selectivity, and high transparency. The aim of thepartnership is to develop new OPVs with a view to composite
use with our films with design and functional capabilities.

・Currently conducting joint research with multiple
universities to build a recycling-based business modelthrough development of methods for effective use of
end-of-life PVC products.
すべての生活空間に快適さを提供するリーディングカンパニーを目指して

34

Investment in Human Capital｜ 3. Medium- and Long-term Initiatives

To achieve the goals of the Medium-term Business Plan, we will advance efforts to secureand develop human resources.
Medium-term
Business Plan
strategies
Human resources
needed to executestrategies

Means ofsecuring anddeveloping
human
resources

2

1

3

Intensify Global Management andGenerate Synergies.

Stay ahead of customer
expectations.

Take on the challenge ofachieving new businesses andproducts.

Human resources capable ofexecuting global businessstrategies

Human resources with analyticalcapabilities and strategic
perspectives

Human resources with diverse
perspectives

Securing human resources (hiring)

Human resource development

Reassignment and increasing theefficiency of human resources

Enhancing midcareer hiring
Enhancing hiring of new graduates

Ensuring new hires can contribute
immediately; enhancing training programs forselected employees
Adopting a program to follow up on humanresources after they take on new challenges
Overseas training, language training,overseas base manager training programs

Human resource assignments for global
business development
Labor saving through DX etc.

Proactive investment in hiring, development, and training of human resources
Fostering a corporate culture and building systems to enable diverse human resources to thrive
Targets for promoting diverse human resources tomanagement positions
Targets
related tohuman capital(diverse human resources as a percentage of those inmanagement positions)(March 31, 2024) (Target as of March 31, 2025)
2.1%
Women
7.0%
0.7%
Non-Japanese
3.0%
Midcareer hires 29.8%
40.0%

すべての生活空間に快適さを提供するリーディングカンパニーを目指して

Human capital initiatives in FY2023
Launched women’s empowerment projects
Adopted a return-to-work system (starting April 2024)
Increased allocation ratio to employee bonus fund
Increased subsidies to employee investors’
association

35

Sustainability Initiatives ｜ 3. Medium- and Long-term Initiatives
Human rights initiatives
Human rights and compliance training for all employees
・Provide human rights and compliance training for all employees, including
on a non-consolidated basis and domestic Group companies. (100%attendance rate in FY2024)
ESG survey to suppliers
・Conduct a survey of human rights and other ESG matters among suppliers.

Climate change initiatives
Indicators and targets of CO2 emissions
Non-consolidated(Scope 1, 2)

targetfor 2030

Group (Scope 1, 2)

targetfor 2050

Actual（ t-CO2 ）Initiatives toward carbon neutrality

46.2％ decrease from FY2019 (24,139)

・Upgrade to energy-saving equipment (boilers,
transformers, etc.).

Carbon neutrality（0)・Start an internal carbon pricing system. Internalcarbon price: 15,000 yen/ton CO2

FY2022

FY2023 （ t-CO2 ）40,85983,566
Now being calculated

Scope1,2

Non-consolidated

Group41,13986,220

Scope3 *Group

935,410

・Decide on investment of solar power at overseas
factory (RIKEN (THAILAND)).

* Calculated as Group emissions excluding non-applicable categories.

・Achieve a score of B for Carbon Disclosure Project (CDP) questionnaire
すべての生活空間に快適さを提供するリーディングカンパニーを目指して(climate change).

36Capital Policies: Dividends and Purchase ofTreasury Shares ｜ 3. Medium- and Long-term Initiatives
We aim to pay stable dividends while considering the balance between our financial situation
and businesses.
We increased our consolidated dividend payout ratio to around 35% from the fiscal year ended
March 2023, and plan to increase dividends again for the fiscal year ended March 2024.
Dividend payout ratio and dividend trend
Dividend policy changed

40.0%
35.0%

40

31.2%

29.5%

30.0%

45

34.7%

33.3%

28.8%

30.4%

32

35

Note: We increased our consolidated dividend payout ratio from 30%
to around 35% from the fiscal year ended March 2023.

30

Projected dividend for fiscal year ended March 2024

25

25.0%
20.0%

11

12

14

16

16

19

Initial forecast: 25

25

24.0%

15.0%

50

10.0%

Dividend policy
We will pay stable dividends, duly accounting for futurebusiness investment and capital adequacy with one aim
being to achieve a consolidated dividend payout ratio ofaround 35%.

20
15
10
5
0

Dividend to increase by seven yen to 32 yen from 25 yenlast fiscal year
(Revised upward by seven yen from initial forecast)
Consolidated dividend payout ratio: 28.0％
Note: The forecast dividend is calculated from per-shareprofit for the period minus the impact of gains on sale ofinvestment securities. (The full amount of sales were allotted
as acquisition funding for treasury shares.)Total return ratio: 129.1%
FY2023 purchase/cancellation of treasury shares
Purchased 8,337,900 treasury shares (13.2% of total
amount of issued shares, excluding treasury shares)
Cancelled all purchased shares.

すべての生活空間に快適さを提供するリーディングカンパニーを目指して

37

Reduction of Strategic Shareholdings｜ 3. Medium- and Long-term Initiatives

Reduced cross-shareholdings in line with the policy of maintaining thebalance of holdings at less than 10% of consolidated net assets.
Sold all or part of 24 of the 34 stocks held.

Changes in status of cross-shareholdings(Value: Million yen)

38

36

35

12,00034

30.0%
10,484
30

25.0%

8,747

9,000

7,866

7,464

20.0%
14.2%

6,000

4,918

12.2%

12.0%

15.0%

12.1%

8.5%
3,000

2,010

10.0%
1,989

1,959

1,905

0
FY2019Book value

FY2020
Cross-shareholding balance

FY2021

FY2022

Percentage of consolidated net assets

すべての生活空間に快適さを提供するリーディングカンパニーを目指して

5.0%

1,288

FY2023

Reduction
25/3
policy0.0%

Number of stocks

38

Sustainable Growth and Increased Corporate Value| 3. Medium- and Long-term Initiatives

Aim to achieve ROE of 8.0％ or higher and PBR of 1.0 times or higher for the
fiscal year ending March 2025 through active implementation of each strategy.
Final year of current
Medium-term Business
Plan (FY2024): ROEof 8.0％ or higher

当社のROE、PBRの推移
Changesin ROE and PBR

(%)
12
10

6

Cost of equity 7〜9％
6.2

4

6.3
0.61

0.49

7.1

0.50

1.00
7.5

0.75

0.86
Final year of current
Medium-term Business
Plan (FY2024): PBR
of 1.0 times or higher

0.59

2
0
2021年3月期
FY20202022年3月期
FY2021(%)
ROE（％）

WACC

0.50
0.25
0.00

2020年3月期
FY2019

ROIC

1.50
1.25

10.8

8

(Times)

6.5%

6.2%

7.1%
6~8%

すべての生活空間に快適さを提供するリーディングカンパニーを目指して2023年3月期
FY2022

2024年3月期
FY2023

2025年3月期
FY2024PBR（倍）（Times）
8.0%

9.3%
39

Disclaimer
Plans, projections, strategies, and other statements that are not historical facts presented in thisdocument constitute forward-looking statements based on information available at the time of
preparation and involve various risks and uncertainties. Actual results may differ significantly
from these projections due to changes in the business environment and other factors.
Furthermore, information presented in this document concerning companies other than the
Company or its group companies is based on publicly available information. The Company does
not guarantee the accuracy of such information.

For inquiries, please contact:
webmaster@rikentechnos.co.jp

Corporate Planning Department/Accounting Department

Corporate Profile

Company Name

RIKEN TECHNOS CORPORATION

Date of Establishment March 30, 1951
Capital Stock

8,514 million yen

Representative

Kazuaki Tokiwa
Representative Director, President & CEO

Number of Employees 1,904 consolidated employees and785 non-consolidated employees(As of March 31, 2024)
Head Office

Waterras Tower, 2-101, Kanda-Awajicho,
Chiyoda-ku, Tokyo 101-8336 JAPAN

すべての生活空間に快適さを提供するリーディングカンパニーを目指して

41

Management Philosophy: The RIKEN TECHNOS Way
The spirit of venture, which has been passed down since our founding days, represents the very strength of RIKEN TECHNOSCORPORATION and its “RIKEN TECHNOS-ness.” The RIKEN TECHNOS Way, our corporate philosophy, was formulated based on this
“RIKEN TECHNOS-ness.”
The word “challenger” used in our mission statement is meant to convey two meanings−a manufacturer that produces high-quality
products and an organization that takes on challenges to create new value and satisfaction for people, companies, and society. To makefurther advances into the future, we will continue taking on new challenges.

Mission “Mission and Purpose”
We are a challenger that harnesses the power of science to improve the quality of life and create a safe, affluent society.
We continuously provide new value and satisfaction to people, companies and society through our original and superior formulations
and manufacturing technologies of multiple resins.

Core Value “Fundamental Values”
We establish a bond of trust
and work for the mutual benefit all.
We create new value.
We continually push ourselves to achieve more.
We enjoy our work and love what we do.
We work together to find solutions
and produce the best results for everyone.

すべての生活空間に快適さを提供するリーディングカンパニーを目指して

Basic Action “Specific Action Guidelines”
Lead without fear.
Take charge and enjoy your work.
Build a team by trusting and helping one other.
Listen attentively and speak sincerely.
Come with smile and leave with smile.
Stay ahead of customers' expectations.
Seek new things and ways.
Be a real professional through self-improvement.
Set goals and achieve on time.

42

Business Segments
With a focus on our three main product lines (compounds, films, and food packaging),
based on comprehensive technologies related to synthetic resin processing, we supply
products to a wide range of industries and engage in business in Japan and around theworld through application-specific processing.
Segments

Main
product line

Description

Compounds

Compounds are composite materials with newproperties created by mixing several different
additives with a base resin. They are usedprimarily for extrusion molding and injection
molding. We develop, manufacture, and sell
polyvinyl chloride resins as well as
thermoplastic elastomers and highly functionalfire-resistant and electroconductive
compounds.

Films

We manufacture high-quality films using
manufacturing methods adapted to thecharacteristics of the compounded resin. We
also develop and manufacture and sell film
products that contribute to design freedom
and functionality by layering multiple films andapplying coatings to surfaces.

Food
Packaging

As a pioneer that developed Japan’s first
polyvinyl chloride resin wrap, RIKENTECHNOS pursues high-quality andfunctional wraps for food packaging forhousehold and commercial applications, anddevelops and manufactures, and sells wraps
suitable for foods, automated packaging
machines, and so on.

Daily Life &Healthcare

Transportation
Wire harness
compounds

Electronics

Syringe gasket compounds

Electrical wire compounds
Sash compounds

RIVEX® window films

すべての生活空間に快適さを提供するリーディングカンパニーを目指して

Building &Construction
Heat insulation sash
compounds

Blood transfusion equipment
compounds●Antivirus and antibacterial films●Semiconductor-related films

High-end wall covering films●PVC wraps●Botanical wraps

43

Contributing to the Environment through BusinessWe pursue energy conservation, resource conservation, recycling, and other initiatives in
our traditional PVC and elastomer businesses as well.
Boosting sales of these products will help protect the environment.
Resin

Properties

PVC

About 60% of PVC comes from the natural
material of salt.
• PVC can provide a range of functions
according to the application, including
durability, workability, fire resistance, andweather resistance.
• At 21.3 MJ/kg, PVC resource energy
consumption is less than half that of otherresins that consist mainly ofhydrocarbons from petroleum(polyethylene and polypropylene), which
consume 45.6–46.5 MJ/kg, giving it a low
environmental impact.

Elastomers

With rubberlike characteristics, elastomers canhelp reduce CO2 emissions and conserve
energy.
• Thermoplastic elastomers are recyclable
and can be molded more quickly thanconventional rubber, making it possible toreduce CO2 emissions.
• They are also lightweight materials, sothey can help conserve energy by
reducing vehicle weights and fuelconsumption.

すべての生活空間に快適さを提供するリーディングカンパニーを目指して*Source: Vinyl Environmental Council website

Our products
PVC resin interior window sashes(Recyclable as a forming material)

Sales expansion status andpolicies

Strong demand for resin sashes is
expected to continue due to theJapanese government's zero emission
home (ZEH) initiative, so our policy is
to focus on expanding sales of PVC
compounds.

Highly oil-resistant TPV
ACTYMER® K(Offering features equivalent tothose of oil-resistant rubber)

We expect the continuation of trends
toward material changes and rubber
substitutes intended to improve fuelconsumption for vehicles and reduce
vehicle weight, so our policy is to focus
on expanding sales of applicable
functional materials.

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Global Network
Production Companies
Sales Companies

RIKEN TECHNOS CORPORATION
Domestic subsidiaries- RIKEN CABLE TECHNOLOGY CO., LTD.
- RIKEN CHEMICAL PRODUCTS CO., LTD.
- KYOEI PLASTIC MFG CO., LTD.
- IMI Co., LTD.

RIMTECCORPORATIONRIKEN U.S.A.
CORPORATIONRIKEN TECHNOS (JIANGSU)CORPORATIONSHANGHAI RIKEN TECHNOSCORPORATIONRIKEN TECHNOSINTERNATIONAL KOREACORPORATIONRIKEN TECHNOSINDIA PVT. LTD.

RIKEN (THAILAND)
CO., LTD.

RIKEN AMERICASCORPORATIONRIKEN ELASTOMERS(THAILAND) CO., LTD.

RIKEN VIETNAM
CO., LTD.

すべての生活空間に快適さを提供するリーディングカンパニーを目指して

PT. RIKEN INDONESIA

RIKEN ELASTOMERSCORPORATION

45

Value Creation History
Since our founding in 1951, we have continued to broaden our range of products while expanding our
network across Japan and around the world.
Net
sales
140,000(million yen)

120,000

Foundation,
Early Era

Establishmentof Corporate
Foundations

Establishment of Domestic
Business Foundations

Full-scale Entry into Global Markets(1995)- Opened production facility
in Indonesia.
- Established subsidiary in
the US.

: Main facility expansion / new subsidiary: Launch of main manufacturing/sales activities

100,000(1990)
Opened production
facility in the US.

80,00060,00040,00020,000(1956)
Captured top position in PVC
compounds production in
Japan and the world’s thirdhighest position.
(1955)
Plant acquired in Kamata
Transferred and expanded
compounding equipment(2001)
Opened production
facility in China.

(2018)
Made IMI Co., Ltd. a
subsidiary.

(1989)
Opened first overseas production
facility (Thailand).

(1973)- Opened Osaka
Sales Office.
- Operations begin at
Mie Plant.

(2014)
Opened production facility in
Vietnam.
(2007)
Made Kyoei Plastic Manufacturing Co.,
Ltd., Kanekon Co., Ltd., and Shinko
Electric Wire Co., Ltd. subsidiaries.

(1968)
Operations begin at Okabe
Plant (Saitama).
(1994)
Began sales of thermoplastic
elastomers.

(1966)Developed Japan’s first
PVC food wrapping
material(1951)
Began manufacturing PVC
compounds.

Intensification of
Global Management(2012)
Made Mitsui Chemicals
Fabro, Inc. a subsidiary.
(2011)
Opened production
facility in Thailand.

(1979)
Opened Nagoya Sales
Office.

0
FY 1950
1950年度Founded as RIKEN
VINYL INDUSTRY CO.,LTD.
(1951)FY 1960
1960年度Listed on Second
Division, Tokyo
Stock Exchange(1961)FY 1970
1970年度FY 1980
1980年度FY 19901990年度FY 20002000年度FY 2010
2010年度FY 2020
2020年度Listed on First Division,
Renamed RIKEN TECHNOSHead office Listed on the Tokyo
Tokyo Stock Exchange
CORPORATION
relocated Stock Exchange Prime
and Nagoya Stock(2001)(2015)
MarketExchange(2022)
すべての生活空間に快適さを提供するリーディングカンパニーを目指して(1974)* Sales figures for FY1999 and later represent consolidated net sales; consolidated settlement of accounts began that year.

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