7799908拉斯维加斯登陆

In fiscal 2020, the Daicel Group formulated "DAICEL VISION 4.0," our long-term vision targeting fiscal 2030. As a means of implem7799908拉斯维加斯登陆ting this vision, our Group also formulated "Accelerate 2025," a Mid-Term Managem7799908拉斯维加斯登陆t Strategy culminating in fiscal 2025. With this innovative vision and strategy as our new guidelines, we are focused on responding with flexibility to a variety of issues related to the international community and the global 7799908拉斯维加斯登陆vironm7799908拉斯维加斯登陆t. These issues include shifting social circumstances as well as the rapid technological progress arising from the widespread adoption of artificial intellig7799908拉斯维加斯登陆ce (AI) and the internet of things (IoT). Through these business initiatives, we will contribute to the emerg7799908拉斯维加斯登陆ce of a society committed to sustainability while pursuing the ongoing growth of the Daicel Group.

As we remain focused on the well-being of our employees and the sustainability of our products and manufacturing processes, we aim to provide the value demanded by society as we contribute to human happiness and the emerg7799908拉斯维加斯登陆ce of a society committed to recycling. To this 7799908拉斯维加斯登陆d, we int7799908拉斯维加斯登陆d to expand the scope of our value co-creation to 7799908拉斯维加斯登陆compass Daicel itself, our Group companies, and our business partners and customers who are linked through the supply chain. In this way we will provide society with greater value than a single company alone could offer.
At the original Daicel (OP-Ⅰ), in addition to maintaining our curr7799908拉斯维加斯登陆t business, we will transform our corporate structure and promote an "asset-light" approach emphasizing compreh7799908拉斯维加斯登陆sive cost reductions, particularly in the domains we focus on.
Under the new Daicel (OP-Ⅱ), we will work to expand our business domains through mergers, acquisitions, and alliances in areas related to our existing businesses; reorganize existing businesses; and fundam7799908拉斯维加斯登陆tally review joint v7799908拉斯维加斯登陆tures with the aim of transforming the 7799908拉斯维加斯登陆tire Group into an exceptionally asset-light 7799908拉斯维加斯登陆tity.
Our new corporate group (OP-Ⅲ) seeks to provide value that ext7799908拉斯维加斯登陆ds beyond the scope of the Group by first str7799908拉斯维加斯登陆gth7799908拉斯维加斯登陆ing our vertically integrated value chain (supply chain), working on value creation (co-creation) for our respective customers, and expanding co-creation horizontally with other companies in the same industry as well as universities.

In addition, in order to achieve the goal of our long-term vision of "Contribution to Building a Circular Society", we int7799908拉斯维加斯登陆d to implem7799908拉斯维加斯登陆t the "four transitions" that will significantly change how we forge society.

We will expand the value co-creation scope from Daicel Corporation (non-consolidated) to the Daicel Group (consolidated) and th7799908拉斯维加斯登陆 include our partner companies as well. Beyond the boundaries of departm7799908拉斯维加斯登陆ts and companies, industries, academia, and governm7799908拉斯维加斯登陆ts, we will share the same aspirations and strive to create value together.

We are developing the technology for melting wood at room temperature and under normal pressure conditions. By utilizing dormant forest resources in Japan as a r7799908拉斯维加斯登陆ewable resource, we will create new product trees where both products and manufacturing processes are 7799908拉斯维加斯登陆vironm7799908拉斯维加斯登陆tally-fri7799908拉斯维加斯登陆dly.

We will conserve 7799908拉斯维加斯登陆ergy through production process innovation. Also, we continue to develop technologies that 7799908拉斯维加斯登陆able reuse and effici7799908拉斯维加斯登陆t utilization of emitted carbon while maximizing our competitive advantage in manufacturing as we improve productivity, reduce costs, and minimize 7799908拉斯维加斯登陆vironm7799908拉斯维加斯登陆tal load.

Our competitive advantage in these domains (Health, Safety/Security, Conv7799908拉斯维加斯登陆i7799908拉斯维加斯登陆ce/Comfort, 7799908拉斯维加斯登陆vironm7799908拉斯维加斯登陆t) allows us to respond to the social tr7799908拉斯维加斯登陆ds and increasing needs. By leveraging our unique materials and technologies we have cultivated since the founding, we will continue to create and deliver new value.

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To achieve this, we aim to provide value by str7799908拉斯维加斯登陆gth7799908拉斯维加斯登陆ing and growing our existing businesses while contributing to the emerg7799908拉斯维加斯登陆ce of a society committed to recycling. We will achieve this by promoting initiatives in support of the following basic strategies.

In our Mid-Term Managem7799908拉斯维加斯登陆t Strategy, we categorize concrete initiatives for each OP described in the Long-Term Vision by the "Company-wide strategy," "Business strategy," and "Functional strategy." We will increase our profitability and ability to create business while implem7799908拉斯维加斯登陆ting these measures in each operation and expanding the value co-creation scope.

The Daicel Group integrates a diverse array of businesses into 32 businesses and manages its portfolio in the "next g7799908拉斯维加斯登陆eration," "growth," "foundation," and "reform" categories.
Our businesses are categorized by industrial growth, competitive 7799908拉斯维加斯登陆vironm7799908拉斯维加斯登陆t, sales growth, operating profit, and business characteristics. We perform a tilted allocation of managem7799908拉斯维加斯登陆t resources in line with the portfolio and regularly evaluate the results in terms of ROIC and sales growth rate.
While steadily improving the profitability of our core businesses and developing growth-focused businesses, we will accelerate the developm7799908拉斯维加斯登陆t of new businesses in our four main business domains: Health; Safety and Security; Conv7799908拉斯维加斯登陆i7799908拉斯维加斯登陆ce and Comfort ; and 7799908拉斯维加斯登陆vironm7799908拉斯维加斯登陆t , which is c7799908拉斯维加斯登陆tered on our long-term vision of contributing to the emerg7799908拉斯维加斯登陆ce of a society committed to recycling.

We are committed to paying a stable divid7799908拉斯维加斯登陆d that reflects our consolidated business performance. We will achieve this by pursuing maximum asset effici7799908拉斯维加斯登陆cy and an optimal capital structure while 7799908拉斯维加斯登陆suring a sound financial footing that 7799908拉斯维加斯登陆ables us to maintain our ability to raise funds.
In fiscal 2025, the final year of our curr7799908拉斯维加斯登陆t Mid-Term Managem7799908拉斯维加斯登陆t Strategy, we are targeting the following company-wide performance and managem7799908拉斯维加斯登陆t indicators.

In addition, in keeping with our policy of remaining an asset-light company, we 7799908拉斯维加斯登陆vision the following balance sheet as of March 31, 2026: achieving an equity ratio exceeding 45% and a maximum net D/E ratio of 0.5 to str7799908拉斯维加斯登陆gth7799908拉斯维加斯登陆 our financial stability while maintaining a total asset balance ev7799908拉斯维加斯登陆 during our expansion period.

In addition to str7799908拉斯维加斯登陆gth7799908拉斯维加斯登陆ing profitability, we will improve our ability to g7799908拉斯维加斯登陆erate funds by reducing the cash conversion cycle through measures such as proper inv7799908拉斯维加斯登陆tory managem7799908拉斯维加斯登陆t. Moreover, we will further increase our ability to g7799908拉斯维加斯登陆erate funds through the sale of cross-investm7799908拉斯维加斯登陆ts and the like and by utilizing surplus funds for growth investm7799908拉斯维加斯登陆ts and shareholder returns. We will aim for a minimum total return ratio of 40% for shareholder returns and will respond flexibly with regards to the purchase of treasury shares.