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Financial Results
for the 1st Quarter of the FY2022（April 1, 2021-June 30, 2021）
July 30, 2021

Code number：4099

Contents
Corporate Profile
Highlights of Financial Results for the 1Q of FY2022
Financial Results Trend (consolidated and quarter)
Sales Trends by Region (consolidated and quarter)
Progress report (consolidated and quarter)
Assets / Liabilities, and a total equity (consolidated)
Sales and Profit by Business segments
Chemicals operations segment
Housing Materials operations segment
Sales / Operating Income Trend (consolidated)･･･ 3･･･ 4･･･ 5･･･ 6･･･ 7･･･ 8･･･ 9～10･･･ 11～12･･･ 13～14･･･ 152Copyright © SHIKOKU CHEMICALS CORPORATION

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Corporate Profile▼Company overview■Company nameSHIKOKU CHEMICALS CORPORATION■Incorporated
October 10, 1947
The Company was established in Marugame, Kagawa Prefecture, as a producer ofcarbon disulfide.
■Lines of Business〔Chemical operations〕Inorganic Chemicals, Organic Chemicals, Fine Chemicals〔Housing Materials operations〕Interior, Exterior Finishes and Paving Materials,
Exterior Products■R&D,Plant Facilities 1 R&D,7 Plants■Directory〔Japan〕2 branches,7 sales offices 〔Overseas〕U.S.A,China(Shanghai,Shenzhen),Taiwan,Shingapore■Capital6,867 million yen■Number of employees Consolidated 1,194 Non-Consolidated 618（As of March 31, 2021）▼Share of stock■Issued Shares
55 million shares■Number of Shareholders 4,136（As of March 31, 2021）▼SHIKOKU CHEMICALS CORPORATION Group〔Japan〕10 consolidated subsidiaries〔Overseas〕one consolidated subsidiary and one unconsolidated subsidiary
SHIKOKU INTERNATIONAL CORPORATIONSHIKOKU KEIZAI CORPORATION
Nippon Ryutan Kogyo Co., Ltd.
SHIKOKU KEIZAI KANTO CORPORATION
Shikoku Environmental Business Company
NIHON KOHKI CORPORATION
Shikoku Analytical Laboratories
SHIKOKU SYSTEM KOHBOH CORPORATIONSHIKOKU KOSAN CORPORATION
Shikoku Foods & Trading Company
Shikoku Foods & Insurance Service Co., Ltd.
Shikoku (Shanghai) Co., Ltd.（Unconsolided）

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Highlights of Financial Results for the 1Q of FY2022(Millions of yen)

Consolidated cumulative 1Q
FY2021AmountFY2022

PercentageAmountPercentage

Increaseof amount

Changes

11,592100.0%

12,869100.0%

1,276

11.0%

Operating Income

1,262

10.9%

1,770

13.8%

508

40.3%

Ordinary income

1,441

12.4%

1,975

15.3%

534

37.1%

Net income attributableto owners of the parent

946

8.2%

1,351

10.5%

405

42.8%

Exchange rate (USD)

108

109

Exchange rate (EUR)

118

131

Net sales

The exchange rates given above are average rates for the period from April to June.

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Financial Results Trend (consolidated and quarter)(Millions of yen)

Net sales

OperatingincomemarginCost of sales

Selling,
general andadministrative
expenses
Operatingincome5Copyright © SHIKOKU CHEMICALS CORPORATION

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Sales Trends by Region (consolidated and quarter)(Millions of yen)

Outside Japan
Sales Ratio

Total

North America

Asia

Others6

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Progress report (consolidated and quarter)
Progress rate to full-year result

100%

Progress rate to full-year forecast

Net sales
progressratio

100.0%
100.0%

100.0%
100.0%

74.0%

Net sales72.6%
70.9%

49.8%
50%

Operatingincomeprogress
ratio

66.0%
47.2%

45.5%
24.9%

35.3%

23.4%

22.0%

25.0%

Operatingincome

22.1%

17.1%

0%
1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q
（forecast）(Millions of yen)

Net sales
Operating income

FY202012,823
1,729

25,693 38,160 51,564
3,567
5,564 7,848

FY2021
11,592
1,262

23,408 36,024 49,590
2,609
4,888 7,401

FY2022
12,8691,770

51,5008,000

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Assets / liabilities, and a total equity (consolidated)■Liabilities, and a total equity■Assets(Millions of yen)

(Millions of yen)

120,000

120,000

107,344

104,235

100,000

100,000

25,90724,02080,00060,00040,000107,344

Total assets

Cash anddeposits

10,95780,00015,31514,141

Accounts
receivable

13,99913,300

Securities

60,000

9,330
470

9,297
464

40,00021,492

22,023Inventories
Other current
assets

20,000

6,940
2,604
6,157

4,118

104,235
6,504
2,630
5,945
11,0082,543

Total liabilities
and equity
Notes and accounts
payable - trade

Short-term andCurrent portion of
long-term loans
payableOther current
liabilities
Long-term loans
payable76,56675,603

Other noncurrent liabilities
Total equity

Tangible fixed
assets
20,00020,827

20,9880
FY2021

FY2022Intangible fixed
assets andInvestment andother assets

0
FY2021

FY2022
1Q

1Q
interest-bearing debt
（millions of yen）

net interest-bearing debt
（millions of yen）

Equity ratio（％）

13,834

13,915▲ 12,072▲ 10,104

70.5

71.7

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Sales and Profit by Business segments■ Sales amount

Othersconstituent ratio

399(3.1%)(Millions of yen)

Housing
Materials

operations
4,077(31.7%)

InorganicChemicals

Exterior
Products

2,928(22.8%)

3,729(29.0%)

FY2022

Chemicaloperations
8,391(65.2％)

Consolidated
cumulative 1Q
Net sales

12,869Interior, Exterior
Finishes and Paving■ Segment information
Materials(Millions of yen)348(2.7%)
Consolidated
Increase Changes
cumulative 1Q
ofFY2021 FY2022 amountFine Chemicals
2,243(17.4%)

Organic
Chemicals
3,220(25.0%)

Net sales
Chemical operations

7,051

8,391

1,339

19.0%

Housing Materials
operations

4,362

4,077

▲ 284

▲6.5%

Chemical operations

1,093

1,753

660

60.4%

Housing Materials
operations

601

474

Segment profit▲ 126 ▲21.1%

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Sales and Profit by Business segments

www.shikoku.co.jp(consolidated and quarter)(Millions of yen)

Chemicalsegment
profitrate

Housing
Materials
segment
profitrate
Chemicalsegment
profitHousing
Materials
segment
profitChemical operations
net sales
Housing Materials
operations net sales
Chemicalsegment profit
Housing Materials
segment profit

7,854

7,885

7,092

7,317

7,051

7,245

7,686

7,867

8,391

4,821

4,772

5,137

5,888

4,362

4,349

4,644

5,404

4,077

1,514

1,440

1,362

1,338

1,093

1,038

1,761

1,771

1,753

704

822

1,048

1,390

601

735

919

1,249

474

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Chemicals operations segment(Millions of yen)

Inorganic
Chemicals【 Main products 】
 Insoluble sulfur

2,928(22.8%）

FY2022
Consolidated
cumulative 1Q
Chemical operations
Net sales

8,391
Fine Chemicals
2,243(17.4%)

Organic
Chemicals■■■

Vulcanizing agent for rubber
Carbon Disulfide
Sodium Sulfate
Sodium carbonate【 Main products 】
 Chlorinated isocyanuric acid

3,220(25.0%)■for swimming pool andseptic tank disinfectants
Hipolka【 Main products 】
 Glicoat-SMD
Heat-resistant OSP (OrganicSolderability Preservative) for
printed wiring boards
Imidazoles
Imidazole derivatives for an epoxy resin
curing agent and a raw material for
pharmaceuticals and other applications;modifiers for high-added-value resins■THEIC11

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Sales Trend of Chemical operations(consolidated and quarter)(Millions of yen)

FineChemicals

OrganicChemicals

InorganicChemicals

Fine Chemicals
Organic Chemicals
Inorganic Chemicals

1,844
2,859
3,149

2,148
2,659
3,077

2,159
1,948
2,984

1,937
2,679
2,700

1,984
2,877
2,189

1,898
2,867
2,479

2,303
2,443
2,939

2,520
2,520
2,826

2,243
3,220
2,928

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Housing Materials operations segment(Millions of yen)

【Main products】
 Home Exterior Products

Exterior Products
3,729(29.0%)

gates, fences, garage and accordion gate

Decorative Exterior Products
large gates and fences, shelter, bicycle parking, garbage
collection container and Greening system【Main products】
 Interior, Exterior Finishes and Paving Materials

large gatesInterior

FY2022
Consolidated
cumulative 1Q
Housing Materials
operations netsales
Interior, Exterior
Finishes and Paving
Materials

4,077

348(2.7%)“Fun roof” （ terrace ）13

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Sales Trend of Housing Materials operations(consolidated and quarter)(Millions of yen)

7,000

6,0005,000

4,000

Exterior
Products

3,000

2,000

1,000

Interior,Exterior
Finishes
and Paving
Materials

04Q

3,994

4,247

5,037

3,729

355

397

367

348

4Q

1Q

2Q

4,355

4,705

5,492

4,007

417

431

396

355

2Q

Exterior Products

4,401Interior, Exterior Finishes
and Paving Materials

419

FY2022

FY2021

FY2020

1Q

3Q

3Q

1Q

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Sales/Operating Income Trend (consolidated )(Millions of yen)

60,00050,000

Sales
売上高49,153 50,246 49,467
47,04450,791

15.9%

16.1%

15.9%

40,00013.0%52,81351,56415.2%

51,500（forecast）

49,590

15.2%

14.9%

営業利益
Operating income
営業利益率
Operating income margin

15.5%（forecast）

12.4%

30,000【The 1Q of FY2022】

20,00010,000

6,113

6,106

7,973

7,855

8,167

8,049

7,848

7,401

Sales
12,869 million yen
8,000 (Progress ratio 25.0%)（forecast）

0
FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022

13.9%
2.9%
12.9% 12.3%
12.0%（forecast）

Operating income
1,770 million yen(Progress ratio 22.1％)

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Contact Information
Corporate planning department,

SHIKOKU CHEMICALS CORPORARION

TEL：+81-(0)877-21-4119
FAX：+81-(0)877-22-0411
www.shikoku.co.jp[Note regarding this document]
Forward-looking statements or projections mentioned in this document, including earnings arebased on currently available information and actual results may differ from the projection due tovarious factors.
Further, the purpose of this material is to provide information to the investors, and not to serve asa recommendation to buy or to sell. Please note that Shikoku Chemical Corporation will not be
responsible for the consequences of investments etc.