For Immediate Release

January 28, 2022

Taoka Chemical Reports Consolidated Financial Results
For the Nine Months Ended December 31, 2021
The Taoka Chemical Group’s consolidated sales revenue for the nine months ended
December 31, 2021 increased by ¥937 million compared with the same period of theprevious fiscal year, to ¥24,406 million. The Group posted operating income of ¥2,267
million, ordinary income of ¥2,329 million and net income attributable to owners of theparent of ¥1,674 million.
The financial results of Taoka Chemical by business segment for the nine-month period
were as follows:
Chemicals Segment
Sales revenue of this segment was ¥23,977 million, a ¥896 million increase compared tothe same period of the previous fiscal year.
Fine chemicals group
Though shipments of agrochemical intermediates and electronic materials increased,sales of monomers for optical resins decreased. As a result, the group sales revenue
decreased by ¥1,078 million, to ¥13,696 million.
Functional chemicals group
Demand of adhesives and rubber additives recovered. As a result, the group sales revenue
increased by ¥590 million to ¥2,926 million.
Specialty polymers & varnish group
Demand of paper chemicals recovered, and demand of varnish steadily increased as wellas its sales price increase in conjunction with a rise in raw material prices. As a result, thegroup sales revenue increased by ¥918 million, to ¥3,791 million.
Plasticizers group
Shipments of plasticizers increased due to recovery in demand, and sales price ofplasticizers increased reflecting a steep rise in raw material prices. As a result, the groupsales revenue increased by ¥466 million, to ¥3,563 million.
Others (Analytical Services)
Sales of composition and structural analysis and asbestos analysis increased. As a result,the segment sales revenue increased by ¥41 million, to ¥429 million.

Dividend

FY Ended Mar. 31,2021 (Result)
FY Ending Mar. 31,2022 (Result)
FY Ending Mar. 31,2022 (Forecast)

Annual dividend per share
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Jun. 2021 Sep. 2021 Dec. 2021 Mar. 2022
-70.00

-

90.00

(Yen)
Total-

90.00

160.00

-

18.00

-

The Company resolved to conduct a share split at the meeting of the board of directors
held on June 24, 2021. Effective on October 1, 2021, the Company split one ordinary
share into five shares. Forecasts of dividend per share and net income per share, without
factoring in the effects of the share split, are as follows.

2nd Quarter Sep. 2021
4th Quarter Mar. 2022

Dividend per share
90.00
90.00

(Yen)
Net income per share
466.25732.74

Summary of Consolidated Results(1) Results of Operation

Sales Revenue
Operating Income
Income before Taxes
Net IncomeNet Income Attributable toOwners of the Parent
Comprehensive Income
Net Income per Share

9 Month ended
December 31, 2021
Yen(Millions)24,406
2,267
2,322
1,674

USD(Thousands)
212,191
19,712
20,18914,557

1,674
1,661

14,557
14,443
USD
1.02

Yen
116.859 Month ended
December 31,2020
Yen(Millions)
23,469
2,855
2,810
2,017
2,017
2,020

Yen
140.76(Note)
Effective on October 1, 2021, the Company split one ordinary share into five shares.
However, net income per share has been calculated on the assumption that the share
split took place on April 1, 2020.
(2) Financial Position

Total Assets
Total Equity

As of Mar. 31,As of December 31, 2021
2021
YenUSD
Yen(Millions)(Thousands)(Millions)
29,779258,907
27,95816,383
142,439
15,237(3) Results of Operation by Business Segment
Sales Revenue

Fine Chemicals
Functional Materials
Specialty Polymers & Varnish
Plasticizers
Chemicals Segment
OthersTotal

9 Month ended
December 31, 2021

Yen(Millions)
13,696
2,926
3,791
3,563
23,977429
24,406

USD(Thousands)
119,075
25,44032,96230,981
208,460
3,731
212,191

9 Month ended
December 31,2020
Yen(Millions)
14,774
2,335
2,873
3,097
23,081
388
23,469(Note)
U.S. dollar amounts are translated from yen for convenience only at the rate of¥115.02= $1 prevailing on December 31, 2021.