DIC Corp - Company Profile

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Business Description

DIC Corp (DIC) is primarily engaged in the production and sale of printing inks, organic pigments, and synthetic resins. The company also produces packaging materials like polystyrene, packaging adhesives, and multilayer films. The company operates through three reportable business segments: Packaging & Graphic, Color & Display and Functional Products. The company has strong global presence with operations in more than 63 countries.

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R&D Overview

DIC is actively working to establish inorganic and biomaterial design as a new fundamental technology, alongside enhancing existing technologies such as optics and color, organic molecular design, polymer design, and dispersion. The company is promoting the development of next-generation products and technologies for sustainable growth. Key initiatives include developing next-generation inks for packaging, expanding pigment products for displays and cosmetics, and advancing synthetic resins for electronic circuit boards. DIC is also focusing on sustainability by offering PFAS-free products and Biomass Mark certified materials. Additionally, the company is exploring new core technologies in inorganic materials and biomaterials, such as piezoelectric fillers and cultured Aphanothece sacrum. The R&D organization in Japan includes the Technology Headquarters, responsible for product development and improvement linked to business, and the Technology Headquarters of DIC Graphics Corporation, which focuses on creating and developing fundamental technologies. The New Business Headquarters is tasked with the strategic creation of new businesses and commercialization of next-generation products. Overseas, the company has research laboratories in the US, the UK, Germany, China, and the Asia-Pacific region, which collaborate on global product and technology development. In FY2024, the company incurred a research and development expenditure of JPY16,313 million which was 1.5% of the company’s total revenue and decreased 5.1% YoY.

Business Segments

Overview

The color material segment offers organic pigments, pigment for display applications, pigment for cosmetics, pigment for digital printing, color and effect pigments, aluminum for autoclaved concrete, health foods, spirulina natural blue colorants and effect pigments. Display segment offers liquid crystal display material based on advanced synthesis technology. In FY2024, the segment incurred a capital expenditure of JPY8,238 million, which decreased 27.9% YoY.

Performance

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Overview

It offers a wide range of performance material and composite material. Performance material consists of coating resins, UV-curable resin, adhesives and their ingredients, waterborne resins, acrylic resins, polyurethane resins, epoxy resins, phenolic resins, polyester, unsaturated polyester resins, unsaturated polyester resins, fluorochemicals, modifiers, other resins, alkylphenols, textile printing agents, leather colorants , metal carboxylates and sulfur chemicals. Composite material includes polyphenylene sulfide (PPS) compounds, functional compounds, masterbatch for fibers, industrial adhesive tapes, magnetic tapes, hollow fiber membrane modules and plastic pallets, among others. In FY2024, the segment incurred a capital expenditure of JPY18,994 million, which decreased 22.6% YoY.

Performance

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Overview

Offers various printing materials including gravure inks, news inks, flexo inks, metal decorative inks, can coatings, offset inks, jet inks and security inks. Provides packaging material including adhesives, coextruded multilayer films, and polystyrene. In FY2024, the segment incurred a capital expenditure of JPY16,871 million, which decreased 12.5% YoY.

Performance

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Performance

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Geographical Segments

Performance

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Performance

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Performance

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Performance

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