DIC Corporation Q1 Report 2024

Highlights

• Shipments of packaging inks were up, bolstered by rising demand for consumer goods overseas, underpinned by the easing of inflationary pressures. Shipments of high-value-added products for use in electronics equipment and in mobility solutions generally trended upward.
• Operating income advanced. This was due to higher shipments of high-value-added products for use in electronics equipment and in mobility solutions and an improved product mix, as well as to efforts to maintain sales prices for printing inks in the Americas and Europe amid falling raw materials prices.
• On January 15, 2024, all shares held in subsidiary SEIKO PMC CORPORATION were acquired by SEIKO PMC via share repurchase, leading to a loss on sales of affiliated company stocks. This, combined with restructuring costs related to the realignment of production configurations in the Americas and Europe, drove up extraordinary losses, resulting in a net loss attributable to owners of the parent.
• Owing to an expected gain on sales of non-current assets as a consequence of the transfer of intellectual property related to DIC’s liquid crystal (LC) materials business, the forecast for net income (loss) attributable to owners of the parent in the six months ending June 30, 2024, has been revised. The impact of this was factored into initial forecasts for the fiscal year 2024 full term, so no revisions to these forecasts have been made.
• The forecast for annual dividends remains unchanged at ¥100 per share.