Formulation of Long-Term Management Plan “DIC Vision 2030” Phase 2

Fundamental Policy of Phase 2 Plan

DIC Corporation positions Phase 2, covering the five years from FY2026 to FY2030, as the final stage of the long-term management plan "DIC Vision 2030," which started in 2022. The plan aims to build a business portfolio capable of sustainable growth and earning power, improve capital efficiency, and enhance shareholder returns. The commitments include achieving operating income of more than 80 billion yen, ROE above 10%, and total shareholder return ratio exceeding 40% by FY2030.

Business Portfolio and Growth Strategy

In its core businesses, the company will promote a shift to environmentally friendly and high value-added products, targeting net sales of over 1,120 billion yen and operating income exceeding 69 billion yen by FY2030. Growth businesses will focus on semiconductors, batteries, and physical AI fields amidst the AI-integrated society, aiming for sales of 120 billion yen or more and operating income of 17 billion yen or more by FY2030. Unlike Phase 1, which prioritized business foundation development, Phase 2 will expand investments in growth areas and actively utilize M&A and corporate venture capital (CVC) investments.

Financial Plan and Shareholder Returns

Cumulative cash inflows from FY2026 to FY2030 are projected at 409 billion yen from operating cash flow and 23 billion yen plus alpha from asset sales, while cash outflows include 240 billion yen for routine investments, 90 billion yen plus alpha for strategic investments and CVC, 78 billion yen plus alpha for shareholder returns, and 24 billion yen for interest-bearing debt reduction. Shareholder returns are set with a total shareholder return ratio exceeding 40% (minimum 120 yen/share annually), implementing flexible returns including special dividends and share buybacks.