For Immediate Release

July 28, 2022

Taoka Chemical Reports Consolidated Financial Results
For the Three Months Ended June 30, 2022
The Taoka Chemical Group’s consolidated sales revenue for the three months ended June30, 2022, decreased by ¥776 million compared with the same period of the previous fiscal
year, to ¥8,140 million. The Group posted operating income of ¥203 million, ordinary
income of ¥225 million and net income attributable to owners of the parent of ¥131
million.
The financial results of Taoka Chemical by business segment for the three months periodwere as follows:
Chemicals Segment
Sales revenue of this segment was ¥7,997 million, a ¥772 million decrease compared tothe same period of the previous fiscal year.
Fine Chemicals Division
Though shipments of agrochemical intermediates increased, shipments of monomers for
optical resins decreased. As a result, the division sales revenue decreased by ¥1,282million, to ¥4,199 million.
Functional Chemicals Division
Shipments of adhesives and rubber additives decreased. As a result, the division sales
revenue decreased by ¥174 million to ¥827 million.
Functional Polymers and Additives Division
Though shipments of plasticizers and paper chemicals decreased, shipments of varnish
increased due partly to the launch in China. Sales price of plasticizers and varnish
increased reflecting a steep rise in raw material prices. As a result, the division sales
revenue increased by ¥684 million, to ¥2,971 million.
Others (Analytical Services)
Sales of soil analysis and of measurement and evaluation for working environment
decreased. As a result, the segment sales revenue decreased by ¥4 million, to ¥142 million.

Dividend

FY Ended Mar. 31,2022 (Result)
FY Ending Mar. 31,2023 (Result)
FY Ending Mar. 31,2023 (Forecast)

Annual dividend per share
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Jun.
Sep.
Dec.
Mar.
-(Yen)
Total

90.00

-18.00

-

18.00

-

18.00

36.00

-

Effective on October 1, 2021, the Company split one ordinary share into five shares.

Summary of Consolidated Results(1) Results of Operation

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

3 Months ended
June 30, 2022
Yen
USD
(Millions)(Thousands)
8,140
59,556
203
1,488
224
1,642
131
964

Yen

131
159
9.20

964
1,169
USD
0.07

3 Months ended
June 30, 2021
Yen
(Millions)
8,917
819
839
605

Yen

605
601
42.28

(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, 2021.
(2) Financial Position

Total Assets
Total Equity

As of Mar. 31,
As of June. 30, 2022
2022
Yen
USD
Yen
(Millions)(Thousands)(Millions)
31,192
228,217
32,417
16,651
121,825
16,749(3) Results of Operation by Business Segment
3 Months Ended
3 Months Ended
Sales Revenue
June 30, 2022
June 30, 2021
YenUSD
Yen(Millions)(Thousands)(Millions)Fine Chemicals
4,199
30,724
5,481
Functional Chemicals
827
6,051
1,001
Functional Polymers & Additives
2,971
21,7382,286
Chemicals Segment
7,997
58,514
8,769
Others
142
1,041
147
Total
8,140
59,556
8,917(Note)
U.S. dollar amounts are translated from yen for convenience only at the rate of¥136.68= $1 prevailing on June 30, 2022.