For Immediate Release

July 29, 2021

Taoka Chemical Reports Consolidated Financial Results
For the Three Months Ended June 30, 2021
The Taoka Chemical Group’s consolidated sales revenue for the three months ended June30, 2021 increased by ¥1,084 million compared with the same period of the previous
fiscal year, to ¥8,917 million. The Group posted operating income of ¥819 million,ordinary income of ¥840 million and net income attributable to owners of the parent of¥605 million, all of which exceeded the results for the previous fiscal year.
The financial results of Taoka Chemical by business segment for the three month period
were as follows:
Chemicals Segment
Sales revenue of this segment was ¥8,769 million, a ¥1,046 million increase compared tothe same period of the previous fiscal year.
Fine chemicals sector
Though shipments of pharmaceutical intermediates decreased, shipments of monomers
for optical resins, agrochemical intermediates and electronic materials increased. As aresult, the sector sales revenue increased by ¥251 million, to ¥5,481 million.
Functional chemicals sector
Operation of the customers of adhesives and rubber additives recovered. As a result, thesector sales revenue increased by ¥398 million to ¥1,001 million.
Specialty polymers and varnish sector
Operation of the customers of paper chemicals recovered and demand of varnish steadily
increased. As a result, the sector sales revenue increased by ¥268 million, to ¥1,170million.
Plasticizers sector
In addition to steady shipment, owing to an increase of sales price in conjunction with asteep rise in raw material prices, sales of plasticizers in the first quarter increased. As aresult, the sector sales revenue increased by ¥127 million, to ¥1,116 million.
Others (Analytical Services)
Increases in sales of soil analysis and of measurement and evaluation for working
environment brought up sales of contracted chemical analytical services. As a result, thesegment sales revenue increased by ¥37 million, to ¥147 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 Total
Jun. 2021 Sep. 2021 Dec. 2021 Mar. 2022(Yen)¥70.00¥90.00¥160.00¥90.00¥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 will 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¥348.92¥907.20

Summary of Consolidated Results(1) Results of Operation

Sales RevenueOperating Income
Income before Taxes
Net Income
Net Income attributable toowners of the parent
Comprehensive Income
Net Income per share(2) Financial Position

Total Assets
Total Equity

3 Months ended
June 30, 2021
Yen
USD
(Millions)(Thousands)
8,917
80,639
819
6,991
840
7,588
605
5,478
605
601

Yen
211.40

5,478
5,477
USD
1.91

3 Months ended
June 30, 2020
Yen
(Millions)
7,832
773
790
517
517
529

Yen
180.46

As of Mar. 31,
As of June 30, 2021
2021
Yen
USD
Yen
(Millions)(Thousands)(Millions)
28,098254,101
27,95815,581140,908
15,237(3) Results of Operation by Business Segment
3 Months Ended
3 Months Ended
Sales Revenue
June 30, 2021
June 30, 2020
YenUSD
Yen(Millions)(Thousands)(Millions)Fine Chemicals
5,481
49,571
5,229
Functional Materials
1,001
9,055
602
Specialty Polymers & Varnish
1,170
10,584
901
Plasticizers
1,116
10,095988
Chemicals Segment
8,769
79,307
7,723
Others
147
1,331
109
Total
8,917
80,639
7,822(Note)
U.S.Dollar amounts are translated from yen for convenience only at the rate of¥110.58= $ 1 prevailing on June 30, 2021.