August 8, 2024 Presentation to Investors for the First Quarter Ended June 30, 2024 TOYOBO CO., LTD.
Q1 FY 3/25 Results
Sales increased because polarizer protective films for LCDs and VOC recovery equipment used in the manufacturing process for LIBS* continued to perform strongly. Operating profit was ¥3.1 billion and net profit was ¥0.8 billion. *lithium-ion battery separators
FY 3/25 Forecasts
We forecast operating profit of ¥17.0 billion and net profit of ¥2.6 billion, based on demand recovery for packaging film and electronic materials in addition to advancing measures for businesses requiring improvement and progress of product price revisions. 2
(¥ bn.) 10.0 -2.0 Q1 Q2 Q3 Q4 FY 3/21 Q1 Q2 Q3 Q4 FY 3/22 Q1 Q2 Q3 Q4 FY 3/23 Q1 Q2
(¥ bn.)
5
* (Interest-bearing debt - Cash and deposits)＜Ending＞／EBITDA ＜Annualized＞
(¥ bn.)
7
(¥ bn.)
Packaging film
- Adjustments of inventories on the market came to an end and there was a moderate recovery in cargo movement, but higher costs had an impact.
Industrial film
- Polarizer protective films for LCDs were steady driven by strong demand. - Mold releasing film for MLCC were sluggish as a full-fledged recovery in demand failed to materialize despite the end of inventory adjustments throughout the supply chain. Source: Created by the Company based on Trade Statistics of Japan 8

Biotechnology
- Enzymes for diagnostic reagents remained steady, particularly for sales to the United States and Europe, but expenses associated with the expansion of production capacity increased.
Medical materials
- Artificial kidney hollow fiber trended strong, but expenses to launch an integrated production plant increased.
Pharmaceuticals
- Profitability improved as a result of the lifting of the Warning Letter by the FDA (July 2023).
(¥ bn.)
Resin and chemical
- Sales of engineering plastics increased for automotive use for the North America. Regained ISO 9001 Certification (May 2024). - Sales of photo functional materials for water-wash photosensitive printing plates were strong for China and Europe.
Environment and fiber
- In the environmental solutions, sales of VOC recovery equipment used in the manufacturing process for LIBS* increased. - In the high performance fibers, demand for "Tsunooga" used in cut resistant gloves recovered. - Demand of nonwoven materials for automotive use recovered. 10
(¥ bn.)
Textiles
- Sales of traditional Arabic fabric grew due to steady demand. - Profitability improved as a result of reforms of business structure such as the consolidation of production bases in Japan.
Airbag fabric
- Profitability improved as product price revisions proceeded.
We forecast operating profit of ¥17.0 billion and net profit of ¥2.6 billion, based on demand recovery for packaging film and electronic materials in addition to advancing measures for businesses requiring improvement and progress of product price revisions.
CAPEX: new equipment of mold releasing film for MLCC, renovation of Tsuruga biochemicals plant and upgrading of polymerization equipment.
14
(¥ bn.)
TOYOBO Appendix
(¥ bn.)
17
Naphtha price in Japan
Coal prices
(Australian thermal coal market prices) 3/16 3/17 Impact of "raw material and fuel costs" and “prices” on Toyobo (YOY increase/decrease)

Selected as constituent of all six ESG indices adopted by GPIF again
- FTSE Blossom Japan Index - FTSE Blossom Japan Sector Relative Index - MSCI Nihonkabu ESG Select Leaders Index - MSCI Japan Empowering Women (WIN) Select Index - S&P/JPX Carbon Efficient Index - Morningstar Japan ex-REIT Gender Diversity Tilt Index
Polymer film/sheet -related technologies have achieved the top position
in the "Global Score Overall Patent Strength Ranking" (implemented by Patent Results Co., Ltd.)
- Scores the degree of attention on patents for polymer film/sheet in four major countries and regions of Japan, the United States, Europe and China. A comprehensive assessment of the quality and volume. - Recognized technologies : Polypropylene film with gas barrier and heat resistance properties, and low-cost high processability. : Polyester sealant film that has both strength and flexibility, and low adsorption properties of organic compounds., etc. 19 The business performance forecasts and targets included in the business plans contained in this presentation are based on information known to the Company’s management as of the day of presentation. Please be aware that the content of the future forecasts may differ significantly from actual results, due to a number of unforeseeable factors. TOYOBO CO., LTD. Beyond Horizons