Daicel Corporation
Notice Regarding Review of Business Plan for COC Resin (Cyclic Olefin Copolymer) and Postponement of Start-up of New Plant
The start-up of the new COC resin plant has been postponed from April 2026 to the 4th quarter of the fiscal year ending March 2027. Sales for the fiscal year ending March 2025 are approximately 15 billion yen. The reason is a slowdown in demand expansion progress and increased investment costs.
Key Figures
- COC Resin Sales: Approximately 15 billion yen (Fiscal Year Ending March 2025 results)
- Projected Sales Volume (Fiscal Year Ending March 2026): △4% (YoY)
- Projected Sales Volume (Fiscal Year Ending March 2027): +32% (YoY)
AI要約
Reasons for Review of Business Plan and Postponement of New Plant Start-up
Regarding the COC resin manufactured and sold by our consolidated subsidiary TOPAS Advanced Polymers GmbH, the EU Packaging and Packaging Waste Regulation (PPWR) that came into effect in February 2025 is driving environmental compliance toward 2030 as a target, causing demand growth to slow down compared to initial assumptions. Furthermore, due to soaring construction and labor costs, investment costs for the new plant have substantially increased. Taking into account the possibility of deteriorating profitability, we decided to postpone the start-up timing of the new plant from April 2026 to the 4th quarter of the fiscal year ending March 2027, considering market demand trends and stable supply-demand balance.
Future Outlook
The impact on the business plan and consolidated financial results for the fiscal year ending March 2026 is currently being examined. If there are any matters that should be disclosed, we will promptly announce them. Projected sales volume is expected to decrease by 4% YoY in the fiscal year ending March 2026 and increase by 32% YoY in the fiscal year ending March 2027.
