Kuraray (3405) Investor Day 2025 summary

Strategic direction and business overview

• Focus on growth opportunities in the PVOH resin business, leveraging a global supply chain and integrated production system across the US, Europe, and Asia.

• Emphasis on R&D throughout the value chain, from raw materials to advanced processed products, to maintain technical leadership.

• Six global production sites with a total PVOH resin capacity of 361,000 tons, supported by a robust sales and technical service network.

• Establishment of a new technical center in Singapore to strengthen technical services in Asia.

Market trends and product innovation

• Rising demand for eco-friendly, PFAS-free, and microplastic-free solutions is driving product development.

• High-performance products like EXCEVAL™ and specialized KURARAY POVAL™ grades target applications in gas barrier paper, grease proof paper, and high-porosity PVC dispersants.

• EXCEVAL™ sales have accelerated globally since 2017, with adoption increasing in Europe for sustainable packaging.

• Formaldehyde-free and high water resistance adhesives, as well as differentiated products for detergent unit dose systems, are expanding.

Financial guidance and growth outlook

• High-performance product sales are projected to grow at a CAGR of 8% from 2024 to 2030.

• Growth is driven by demand in Asia for PVC resin, expansion in packaging, electronic materials, and agricultural coatings.

• Capacity expansion and new product launches are planned to solidify market position in Asia.