Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

October 27, 2022
Company name:Taoka Chemical Co., Ltd.

Name of Representative:

Yasuaki Sasaki, President(Securities code: 4113; TSE Standard Market)

Inquiries:

Yasuhito Katsumoto, General Manager, Business Services Office(Telephone: +81-6-7639-7400)

Differences between Financial Forecasts and Actual Resultsfor Six Months Ended September 30, 2022, and Revisions to Full-Year Financial Forecasts
and Year-End Dividend Forecasts
Taoka Chemical Co., Ltd. (the “Company”) hereby announces the differences arising between its
consolidated financial forecasts for the six months ended September 30, 2022 announced on May
11, 2022, and its actual results for the same period announced today. In addition, at the meeting of
the Board of Directors held on October 27, 2022, the Company has made revisions to its full year
consolidated financial forecasts for the fiscal year ending March 31, 2023 and its year-end dividend
forecast, as detailed below.
1. Differences between consolidated financial forecasts and actual results for the six months ended
September 30, 2022 (April 1, 2022 through September 30, 2022)(Millions of yen, unless otherwise specified)
Sales
Operating
Ordinary
Net income
Net income
revenueincomeincomeattributable to per shareowners of the (yen)parentPrevious forecasts (A)16,000
450
450
250
17.45
Actual results (B)15,264
249
279
191
13.35
Change (B)-(A)
(735)
(200)
(170)
(58)
Change (%)(4.6)(44.6)(37.9)(23.5)(Reference) Actual
results for the six
16,855
1,829
1,867
1,336
93.25
months ended
September 30, 2021

2. Revisions to full year consolidated financial forecasts for the current fiscal year
(April 1, 2022 through March 31, 2023)(Millions of yen, unless otherwise specified)
Sales
Operating
Ordinary
Net income
Net income
revenueincomeincomeattributable to per shareowners of the (yen)parentPrevious forecasts (A)33,000
1,250
1,250
800
55.83
Revised forecasts (B)31,000
500
500
300
20.94
Change (B)-(A)(2,000)
(750)
(750)
(500)
Change (%)(6.1)(60.0)(60.0)(62.5)(Reference) Actual
results for the previous
32,374
2,708
2,798
2,063
144.03fiscal year ended March31, 2022
(Reasons for the differences and the revisions)Though sales revenue increased due to the consolidation of Taoka Advanced Materials (Shanghai)Co., Ltd. and an increase in sales prices reflecting a steep rise in raw material prices, shipments ofmonomers for optical resins and rubber additives decreased. As a result, sales revenue for the six
months ended September 30, 2022 decreased.
Though sales prices of some products increased, imported raw material prices rose steeply due to aweaker yen, and shipments of products decreased. As a result, operating income, ordinary income
and net income attributable to owners of the parent fell below those in the previous forecast.
The continued inventory adjustment of monomers for optical resins is expected due to a decline inproducts sales of customers. As a result, sales revenue is expected to decrease, and operating income,ordinary income and net income attributable to owners of the parent are also expected to fall below
those in the previous forecast.
3. Revisions to dividend forecastPrevious forecasts(Announced onMay 11, 2022)
Revised forecasts

Annual dividends per share
Second quarter-end
Fiscal year-end(Yen)
Total-

18.00

36.00

-

9.00

27.00

Actual results for the18.00
current fiscal year
Actual results for theprevious fiscal year ended
90.00
18.00
March 31, 2022
*Effective on October 1, 2021, the Company split one common share into five shares.

-(Reasons for the revisions)
Based on the revisions to the full year consolidated financial forecasts, the Company has revised theyear-end dividend for the current fiscal year from the initial forecast of ¥18 to ¥9 per share.
Cautionary Statement
These statements are based on the information available as of the date of announcement of thisdocument. Actual results may differ materially from the forecasts for a number of reasons.