FY2023
Financial Highlights
NAGASE&CO.,LTD.
Stock exchange listing : Tokyo (Prime Market)
Code number : 8012

May 8, 2024

Copyright © 2024 Nagase & Co., Ltd.

Contents■ Consolidated Statements Income

P3■ Gross Profit by Region

P4■ Gross Profit by Business & Segment

P5■ Operating Income by Business & Segment

P6■ Segment Operating Income Overview

P7～P11■ State of Major Manufacturing Subsidiaries

P12■ Consolidated Balance Sheets

P13■ Consolidated Cash FlowsP14■ FY2024 Earnings Projection■ Shareholder Returns

P15～P17
P18<Appendix>✓ Changes to business segment classification (implemented on October 1, 2023)✓ Main News in FY2023

Copyright © 2024 Nagase & Co., Ltd.

Consolidated statements income▶ Gross profit increased due to strong performance of high-profit manufacturing subsidiaries; however, operating income
decreased due to increases in personnel expenses and other selling, general and administrative expenses▶ Net income decreased with the decrease in ordinary income, despite decreases in loss on securities and impairment loss.
▶ Overall, results were in line with the revised full-year projections announced at the time of the 2Q results presentation

100 millions of yen

FY2022

FY2023

ChangeVs.PY

Forecast

Forecast
Comparison

Sales

9,128

9,001

(127)

99%

9,000

100%

Gross profit

1,554

1,647

93

106%

1,630

101%

<GP ratio>

17.0%

18.3%

1.3ppt

－

18.1%

－

SG&A expenses

1,220

1,341

120

110%

1,330

－

Operating income

333

306

(27)

92%

300

102%

Ordinary income

325

305

(19)

94%

290

105%

236

224

(12)

95%

225

100%

@ 135.5@ 144.6@ 9.1 Weak yen@ 143.0@ 19.7@ 20.1@ 0.4 Weak yen@ 20.0

Profit Attributableto owners of theparentUS$ Exchange rate
(period average)
RMB Exchange rate
(period average)※ Offset to sales and cost of sales from revenue recognition standards: FY2022 -¥268.9 billion, FY2023 -¥272.3 billion※ Impact from foreign exchange: Gross profit, +¥5 billion; Operating income, +¥0.9 billion

Copyright © 2024 Nagase & Co., Ltd.

3

Gross Profit By Region▶ Higher profit both domestic and overseas▶ Increase in domestic business sales, mainly due to higher sales of cosmetic materials and formulated epoxy resins▶ Overseas profit increased due to the impact of the weaker yen and strong performance in the food ingredient business in
EuropeOverseas gross profit By Region(100 millions of yen)Domestic & Overseas Gross profit(100 millions of yen)100%

Total 1,647
1,600

1,400

1,200

Total 1,554
Overseas833
Overseasgross profit
ratio
53.7%

Overseas896

Total 83390%800Europe
112

80%

Other
15

Other
15

Europe154

700
Overseasgross profit
ratio
54.4%

70%
600
60%
500

1,000

Americas331

Americas
343

50%

800

40%

600

400

Total 896

900

1,800

30%
Domestic
720

Domestic
750

200

0
FY2022

FY2023

20%

400
ASEAN
149

ASEAN
152

Greater
China
225

Greater
China
231

FY2022

FY2023

300

200

10%

100

0%

0

※Domestic figures under Domestic & Overseas Gross Profit include inter-regional adjustments
Copyright © 2024 Nagase & Co., Ltd.

4

Gross Profit By Business & Segment▶ Functional Materials saw a decline in sales of coating materials and raw materials for semiconductor-related and other materials
for the electronics industry, as well as weakening profitability in the digital print processing materials manufacturing business▶ Advanced Materials & Processing posted lower sales due to decreased demand for resin sales in the office equipment,
appliance, and video game device market, as well as the impact of inventory adjustments by customers▶ Overall profits in Electronics & Energy increased due to increased sales of raw materials for semiconductor-related products
and formulated epoxy resins for semiconductor- and mobile device products▶ In Life & Healthcare, sales of food ingredients, cosmetic ingredients, and pharmaceutical raw materials increased
Change in Gross Profit By Segment (100 millions of yen)

Gross Profit By Business & Segment (100 millions of yen)
Total 1,647
Total 1,554

Total 1,647

Life &
Healthcare
75

Total 1,554

1,500

1,200

Manufacturing
618

Manufacturing692

900Life &
Healthcare
559

Life &
Healthcare634

Corporate& Others(0)Electronics
Mobility& Energy
8
34

1,554

Functional
Advanced
Materials
Materials(17)& Processing(6)

Mobility
144

Mobility
152

Electronics &Energy307

Electronics &Energy342

Advanced
Materials& Processing
242

Advanced
Materials& Processing
236

Functional
Materials
298

Functional
Materials
281

200

0

FY2022600
Trading& Other936

Trading& Other
954

300

1,647

FY2023

History of Gross Profit(100 millions of yen)
500
399
400

387

394

401

390

432

425
369

300

100

0
By Business

By Business

By Segment

By Segment

FY2022

FY2023

FY2022

FY2023

1Q

２Q
FY2022

Copyright © 2024 Nagase & Co., Ltd.

3Q
FY2023

4Q

5

Operating Income by Business & Segment▶ Functional Materials and Advanced Materials & Processing posted lower operating income due to a decrease in gross profit▶ Electronics & Energy posted higher operating income with increased gross profit▶ Life & Healthcare recorded higher gross profit; however, weaker profitability at the Prinova Group, increased personnel expense,
other selling, general and administrative expenses, and a delay in the profit contribution of the new Utah plant caused adecrease in operating income▶ Corporate & Others reflected higher expenses, mainly due to the beginning of amortization for intangible assets (enterprisesystem and DX investments), an increase in amortization expenses for accounting-based retirement benefit actuarial
differences, and other factors
Operating Income by Business & Segment(100 millions of yen)

Total 333

Total 306

Life &
Healthcare
105

Life &
Healthcare
103

Mobility
47

Mobility49

Change in Operating Income By Segment (100 millions of yen)Life &
Electronics& Energy Mobility Healthcare
(2)
1
20

333

420
360
300

Total 333
Manufacturing
91

240

Manufacturing
88

180
120

Trading& Other
241

Trading& Other
217

60

Electronics &Energy92
Advanced
Materials& Processing
76
Functional
Materials
104

Advanced
Materials& Processing
68
Functional
Materials
86306
Corporate& Others(19)

Advanced
Materials& Processing(8)

Electronics &Energy113

0

FY2022

FY2023

History of Operating Income(100 millions of yen)
120

108
90

100
80

69

85
75

75

75
59

Corporate&Others
(94)

(60)
(120)

Functional
Materials(18)

Total 306

By Business
FY2022By Business
FY2023

By Segment
FY2022

Corporate&Others(113)
By Segment
FY202360
40
20
0Copyright © 2024 Nagase & Co., Ltd.

１Q

２Q
FY2022

３Q
FY2023

４Q

6

Functional Materials Segment Operating Income Overview▶ Overall sales of coating materials decreased due to sluggish sales for mainly architectural applications, despite a recovery inapplications for the automobile and other industries▶ Sales decreased for raw materials for the electronics industry, including semiconductor-related products▶ The manufacturing business related to digital print processing materials posted lower sales and a decline in profitability,
resulting in an operating loss
▶ Profits decreased due to customer inventory adjustments, mainly in the first half, and weak profitability in the manufacturingbusiness
History of operating income （100 millions of yen）

Operating income by business（100 millions of yen）

26

26

26

25

Total 104
Manufacturing9

Total 86

24

24

21

15
Trading& Other95

Trading& Other
95

Manufacturing(9)１Q
FY2022

FY2023２Q
FY2022

Copyright © 2024 Nagase & Co., Ltd.

３Q

４Q

FY20237

Advanced Materials & Processing Segment Operating Income Overview▶ Lower profit due to decreased demand for resin sales in the office equipment, appliance, and video game device market, as wellas the impact of inventory adjustments by customers▶ The manufacturing business returned to profit overall due to strong sales of resin mold products, as well as a decrease in
expenses compared to the previous year, when we recorded impairment losses for certain subsidiaries▶ Overall, the sluggish sale of resins had significant effects and profit decreased

History of operating income （100 millions of yen）

Operating income by business（100 millions of yen）

Total 76

Total 68

Manufacturing
8

22

22
20
19

19

15
13

Trading& Other80

12Trading& Other
59

Manufacturing(4)
１Q
FY2022

FY2023２Q
FY2022

Copyright © 2024 Nagase & Co., Ltd.

３Q

４Q

FY20238

Ｅｌｅｃｔｒｏｎｉｃｓ & Energy Segment Operating Income Overview▶ Despite weakening semiconductor market conditions, sales of materials to the semiconductor industry increased due to growth
in product sales▶ Sales of formulated epoxy resins increased mainly for high-end server applications and mobile device applications▶ Profit rose overall with strong sales of formulated epoxy resins

History of operating income （100 millions of yen）

Operating income by business（100 millions of yen）

Total 113
31

Total 92

Manufacturing
34

31

30
27

26

25

Manufacturing
20

23
21
19

20

Trading& Other72

Trading& Other
79

100
FY2022

FY2023

１Q

２Q
FY2022

Copyright © 2024 Nagase & Co., Ltd.

３Q

４Q

FY2023

9

Mobility Segment Operating Income Overview▶ Sales increased for resins, mainly due to an increase in automobile production and expanded market share to existingcustomers▶ Sales increased in functional materials and functional components for interior and exterior fittings and electrification▶ Higher profit due to increased gross profit

History of operating income （100 millions of yen）

Operating income by business（100 millions of yen）

15
14
Total 49

13

Total 4713

10
9

Trading& Other47

FY202299

Trading& Other49

FY2023

１Q

２Q
FY2022

Copyright © 2024 Nagase & Co., Ltd.

３Q

４Q

FY202310

Life & Healthcare Segment Operating Income Overview▶ Overall Prinova Group sales increased mainly due to operations of the new plant in Utah
▶ Nagase Viita (formerly Hayashibara) posted increased sales, mainly for cosmetic material▶ Although we recorded higher gross profit, profits decreased due to increased personnel and other general, andadministrative expenses at the Prinova Group, and a delay in the profit contribution of the new Utah plant

History of operating income （100 millions of yen）

Operating income by business（100 millions of yen）

Total 105

41

Total 103
40

32
Manufacturing
67

Manufacturing
57

30
26

25

24
19

20

Trading& Other38

Trading& Other
45

20
18

10

0
FY2022

FY2023

１Q

２Q
FY2022

Copyright © 2024 Nagase & Co., Ltd.

３Q

４Q

FY202311

State of Major Manufacturing Subsidiaries▶ Nagase ChemteX : Despite the transfer of the biochemicals business to Nagase Viita, profit rose due to increased sales ofhighly profitable formulated epoxy resins▶ Nagase Viita : Profits increased due to progress made to pass on the soaring prices of raw materials and utilities, as well as
strong sales of cosmetic material stemming from a recovery in demand▶ Prinova Group : Despite increased sales in manufacturing, profit declined due to increased personnel and other general, andadministrative expenses and a delay in the profit contribution of the new Utah plant

100 millions of yen
Forecast
Comparison

FY2022

FY2023

ChangeVs.PY

Forecast

253

251

(2)

99%

247

101%

Gross profit

68

75

7

111%

77

98%

Operating income

18

22

4

124%

24

91%

Sales

281

344

62

122%

347

99%

Nagase Viita
Co., Ltd.

Gross profit

103

126

22

122%

128

98%

Operating income

37

52

14

137%

52

100%

(Formerly
Hayashibara
Co.,Ltd.)

Goodwill amortization etc.

30

30

-

100%

30

100%

7

21

14

298%

21

100%

1,927

1,934

7

100%

1,943

100%

Gross profit

312

358

45

115%

355

101%

Operating income

80

60

(20)

75%

62

98%

Goodwill amortization etc.

24

25

1

107%

25

100%

Operating income after
amortization burden

56

34

(21)

62%

36

96%

Sales
Nagase ChemteX
Corporation

Operating income after
amortization burden

Sales

Prinova Group

Copyright © 2024 Nagase & Co., Ltd.

12

Consolidated Balance Sheets▶ Inventory reductions progressed and working capital decreased▶ Net assets increased ¥22.9 billion compared with the end of the previous fiscal year due to internal reserves, valuationdifference on available-for-sale securities, and an increase in translation adjustments and accumulated other comprehensive
income

100 millions of yen
23/03

24/03

ChangeTotal Current Assets

5,301

5,424

123

(Cash&deposits)

408

594

185

3,021

3,211

190

(Trade account receivbable)(Inventories)

Details

1,697

1,479

(217)

2,325

2,498

173

697

762

64

Total assets

7,626

7,923

296

Current Liab.

2,862

3,026

Current portion of bonds＋100
164 Current portion of long-term loans＋58,
Short-term loans/CP -163

1,404

1,563

159

980

883

(97)

Total Liab.

3,843

3,910

67

Shareholders' equity

3,090

3,128

37

Accum. Other Comprehensive Income

586

812

Translation adjustments +144,
226 Net unrealized holding gain on securities +48,
Remeasurements of defined benefit plans ＋32

Non-controlling interest

107

72

(34)

3,783

4,013

229

Total non-current assets(Investments in security)(Trade account payable)
Non-current Liab.

Total net assets
Working capital

3,313

3,127

(186)

Shareholders' equity ratio

48.2%

49.7%

1.5ppt0.38

0.27(0.10)NET D/E ratio

Deferred tax liab.＋32, Lease liabilities +27,
Bonds -100、Long-term loans -51

Copyright © 2024 Nagase & Co., Ltd.

13

Consolidated Cash Flows▶ Operating CF : Net proceeds of ¥72.9 billion, mainly due to a decrease in working capital stemming from inventory reductions▶ Investing CF : Net cash used of ¥11.6 billion, despite proceeds from sales of investment securities, etc., mainly due to thepurchase of property, plant and equipment▶ Financing CF : Net cash used of ¥48.0 billion, mainly due to a decrease in short-term loans and commercial paper, dividend
payments, and share buybacks
100 millions of yen
FY2022

FY2023Operating CF

94

729

Investing CF

(80)

(116)

13

613

(172)

(480)

30

55

(128)

188

149

166

Fixed asset investment

(173)

(188)

Increase / decrease in working capital

(200)

330

Free CF
Financing CF
Effects of exchange rate
Net increase / decrease in cash and cash equivalents

Depreciation of tangible and intangible assets

Copyright © 2024 Nagase & Co., Ltd.

14

FY2024 Earnings Projection▶ We expect to increase manufacturing earnings in our semiconductor-related and food-related businesses▶ We expect trading business resin sales to recover, while the automobile-related business should also see firm performance▶ We expect selling, general and administrative expenses to increase overall with business growth, and other factors, even though
the amortization expense of retirement benefit actuarial differences will decrease(Retirement benefit actuarial differences: Approximately ¥0.9 billion expense in fiscal 2023 and approximately ¥3.5 billion
income in fiscal 2024)

100 milions of yen
FY202３Results

FY202４
Forecast

Change

Vs.PY

Sales

9,001

9,400

398

104%

Gross profit

1,647

1,800

152

109%

<GP ratio>

18.3%

19.1%

0.8ppt－SG&A expenses

1,341

1,435

93

107%

Operating income

306

365

58

119%

Ordinary income

305

352

46

115%

Profit attributable toowners of the parent

224

280

55

125%

US$ Exchange rate
(period average)@ 144.6@ 148.0@ 3.4

Weak yen

RMB Exchange rate
(period average)@ 20.1@ 20.0@ 0.1

Strong yen

Copyright © 2024 Nagase & Co., Ltd.

15

FY2024 Earnings Projection By segment▶ Beginning with fiscal 2024, we allocate Nagase non-consolidated expenses under Corporate & Others to each segment(retirement benefit actuarial differences are unallocated) *The following comments are based on Before allocation figures▶ Functional Materials recorded higher sales and profit, mainly due to increased automobile-related sales and lower losses in thedigital print processing materials-related manufacturing business▶ Advanced Materials & Processing sales and profit rose, mainly due to increased sales of resin for office equipment and video
game device applications in the electric and electronic industries▶ Electronics & Energy sales and profit increased, mainly due to increased sales of Nagase ChemteX formulated epoxy resin for
semiconductors used in high-end server applications▶ Life & Healthcare sales and profit increased, mainly due to a recovery in Prinova Group food-ingredient profitability, which
recovered from a market low point, and increased food product and cosmetic material sales at Nagase Viita
100 milions of yen

Functional Materials

Advanced Materials& Processing

Electronics & Energy

MobilityLife & Healthcare

Corporate&Others

Total

Sales
Gross profit
Operating income(Before allocation)
Operating income(After allocation)
Sales
Gross profit
Operating income(Before allocation)
Operating income(After allocation)
Sales
Gross profit
Operating income(Before allocation)
Operating income(After allocation)
Sales
Gross profit
Operating income(Before allocation)
Operating income(After allocation)
Sales
Gross profit
Operating income(Before allocation)
Operating income(After allocation)
Sales
Gross profit
Operating income(Before allocation)
Operating income(After allocation)
Sales
Gross profit
Operating income

FY2023
Actual
1,468
281
86
61
1,985
236
68
53
1,447
342
113
88
1,321
152
49
36
2,777
634
103
80
1
0
(113)
(13)
9,001
1,647
306

Copyright © 2024 Nagase & Co., Ltd.

FY2024
forecast
1,550
306
105
68
2,072
248
77
55
1,493
377
124
86
1,387
160
51
32
2,897
710
125
94
1
(1)
(117)
30
9,400
1,800
365

Change
81
24
18
6
86
11
8
1
45
34
10
(2)
65
7
1
(4)
119
75
21
13
(0)
(1)
(3)
43
398
152
58

Vs.PY
106%
109%
122%
110%
104%
105%
113%
104%
103%
110%
109%
97%
105%
105%
103%
89%
104%
112%
121%
117%
68%
ー
ー
ー
104%
109%
119%

16

FY2024 Earnings Projection By Major Manufacturing Subsidiaries▶ Nagase ChemteX : We expect higher sales and profit, mainly due to strong formulated epoxy resin-related sales forsemiconductors used in high-end servers▶ Nagase Viita : We expect higher sales and profit, mainly due to increased sales of food ingredients for the domestic market andhigher cosmetic material sales▶ Prinova Group : We expect an increase in sales and profit stemming from a recovery in profitability as the falling foodingredients market recovers from a bottom during the period and productivity at the Utah plant improves

100 millions of yen

Nagase ChemteX
Corporation

Nagase Viita
Co., Ltd.

FY2023
ActualFY2024
Forecast

Sales

251

261

10

104%

Gross profit

75

80

4

106%

Operating income

22

26

4

119%

Sales

344

369

25

107%

Gross profit

126

140

13

111%

Operating income

52

57

5

110%

Goodwill amortization etc.

30

29

(1)

97%

Operating income after
amortization burden

21

27

6

128%

1,934

2,091

156

108%

358

421

63

118%

Operating income

60

81

20

134%

Goodwill amortization etc.

25

27

1

105%

Operating income after
amortization burden

34

54

19

156%

Sales
Gross profit
Prinova Group

Copyright © 2024 Nagase & Co., Ltd.

ChangeVs.PY

17

Shareholder Returns▶ We plan to pay an interim dividend of ¥40 per share and a year-end dividend of ¥45 per share for an annual dividend of ¥85
per share for fiscal 2024 (expected 15th consecutive fiscal year of dividend increases)▶ We changed our policy for shareholder returns compared with ACE 2.0, establishing a total return ratio of 100% for fiscal years
2024 and 2025 (no change in policy regarding continuing dividend increases)▶ In May 2024, we resolved to conduct ¥10 billion in share buybacks (Planned Schedule: May 2024 through October 2024)

Total Dividend

share buyback

Total Payout ratio

millions of yen

100.0

％

100.0
30,00028,000
76.5

90.0
80.0
70.0

58.9

20,00051.0

17,148

48.3
39.5

33.0

10,000+α13,907
35.6

36.0

35.2

12,520

8,001

50.0
40.0

5,662

10,000

4,064

5,269
1,107

30.0

6,006

6,799

7,186

1,776

1,956
5,230

5,456

5,691

6,514

5,456

6,643
20.0

952
8,245

9,147

9,230
10.0

4,064

4,162

5,023

FY2015FY2016FY2017FY2018FY2019FY2020

FY2021

FY2022

FY2023

FY2024(Forecast)

¥32

¥33

¥40

¥42

¥44

¥46

¥54

¥70

¥80

¥85

0.0

0

Dividend per
share

60.0

※ FY2023 year-end dividend to be submitted for approval to the 109th general meeting of shareholders scheduled for June 2024.

Copyright © 2024 Nagase & Co., Ltd.

18

■Inquiries:
https://www.nagase.co.jp/english/contact/ir/■NAGASE Group Investor Relations Website:
https://www.nagase.co.jp/english/ir/

These presentation materials contain projections based on forward-looking
assumptions, forecasts, and plans as of May 8, 2024
Actual earnings may differ from projections due to risks and uncertainties in
the future global economy, competitive landscape, currency exchange rates,
etc.

Copyright © 2024 Nagase & Co., Ltd.

Changes to business segment classification(implemented on October 1, 2023)
Functional Materials

Performance Chemicals Dept.

Performance Chemicals Dept.
Integrated

Speciality Chemicals Dept.

Speciality Chemicals Dept.

Advanced Materials& Processing

Electronics& Energy

Colors & Advanced Processing
Dept.

Integrated

Polymer Global Account Dept.

Polymer Global Account Dept.

Electronics Dept.

Electronics Dept.

Information & Communication ・Energy OfficeIntegrated

Advanced Functional Materials
Dept.

Functional Resin Dept.
Precision Process Materials
Dept.

MobilityLife & Healthcare

Integrated

Newly organized

Mobility Solutions Dept.

Mobility Solutions Dept.

Life & Healthcare Products
Dept.

Life & Healthcare Products Dept.
Integrated

Food Ingredients Dept.

Copyright © 2024 Nagase & Co., Ltd.

Main News in FY2023
Apr.

Hiroyuki Ueshima named new president

May

Notice Regarding Repurchase of Treasury Stocks
President Ueshima announced the QUICK WIN

Aug.

Establishment of Himeji Energy Storage Facility G.K. with Idemitsu Kosan, RENOVA, and SMFL MIRAI
Partners —Grid storage Battery Business to Commence in October 2025

Oct.

Launched new organization in October (consolidated 11 Dept. to 7 Dept.).
Sun Delta dissolution

Nov.

Established CVC (investment subsidiary to be established in FY2024)
Began offering AI Joint Logistics Matching Service for Chemicals
Notice Regarding Revision of Director Compensation/Addition of ESG Evaluation Indicators for
Performance-Linked Compensation

Selected as Coordinating Company for Transportation of Materials for Rapidus Corporation
Prinova Group acquired Flavor Tec, a South American essential oil distillation and processing company

Commercialization of Collection and Recycling of Developer Used in Semiconductor Manufacturing
Clarified growth strategy in Medium-Term Management Plan ACE2.0
Jan.

New Bio Research Center To Be Built on Kobe Port Island:Accelerating Open Innovation by Combining the Group’s
Strengthsand Contributing to Solving Social Issues by Creating Timely New Materials Matching Needs

Feb.

NAGASE Receives Silver Medal in EcoVadis Sustainability Assessment

Mar.

Expansion of Facilities in Malaysia for Contract Processing and Manufacturing of Semiconductor
Wafer Bumping Investment of 1 Billion Yen in Power Semiconductor Devices for Smartphones
Nagase Viita receives EcoVadis highest Platinum rating for sustainability
Nagase Chosen for Inclusion in All Six ESG Indexes Adopted by the GPIF

Copyright © 2024 Nagase & Co., Ltd.

PICK UP！ (4Q)
Evaluations From External Organizations
Nagase Viita Co., Ltd. and NAGASE & CO., LTD.
Awarded Platinum and Silver, Respectively, for
the First Time
Movement in the supply
chain to select suppliers
based on EcoVadis scores

Pursuing Further Sustainability

Listed for all six ESG indices adopted by GPIF
Morningstar Japan ex-REIT Gender Diversity Tilt Index
S&P/JPX Carbon Efficient Index
FTSE Blossom Japan Sector Relative Index
FTSE Blossom JapanMSCI Nihonkabu ESG Select Leaders Index(first time)
MSCI Japan Empowering Women Select Index

PacTech Asia Semiconductor Wafer Bumping Facility Expansion
 PacTech Overview （Pac Tech – Packaging Technologies GmbH）
 Established in 1995 (investments beginning in 2006);
became a wholly owned subsidiary in 2015; 440 employees Offices in Nauen, Germany (headquarters), Santa Clara, U.S.A., and Penang, Malaysia
 Manufacture and sales of equipment for semiconductors and electronic components;
semiconductor wafer bumping contract processing ¥1 billion investment in Penang, Malaysia (PacTech Asia Sdn. Bhd., established in2008) World's leading share in the WLP contract processing market based on coretechnology in wafer level package (WLP) using electroless plating; advanced control
technology for chemical concentration and temperature, etc.
 New lines began operation in April 2024, increasing production capacity by 1.5 times
 Aiming to expand our share of the WLP contract processing market for power
semiconductor applications in smartphones and electronic devices in general

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