August 1, 2022

For Immediate Release
Company Name:
Representative:

Sumitomo Chemical Co., Ltd.
Keiichi Iwata
President and Representative Director
Securities Code:
4005
Stock Exchange Listings: Prime Section of the Tokyo Stock Exchange
Inquiries:
Shunji Kobayashi
General Manager
Corporate Communications Dept.
(Tel: +81-3-5201-0200)

Sumitomo Chemical to Absorb a Wholly-Owned Subsidiarythrough Simplified Merger
Sumitomo Chemical Co., Ltd. (“Sumitomo Chemical” or “the Company”) announced that theCompany’s Board of Directors resolved at its meeting held today to absorb a wholly-owned
subsidiary SCIOCS COMPANY LIMITED (“SCIOCS”) through an absorption-type merger,effective October 1, 2022 (“the Merger”).
As the Merger is an absorption-type merger of a wholly-owned subsidiary, the disclosure hereinomits certain items and details.
1. Purpose of the Merger
In its Corporate Business Plan for the period from fiscal 2022 to fiscal 2024, Sumitomo
Chemical has set "accelerating the development of next-generation businesses" as one of its
basic policies, committed to speeding up business development in the four key areas ofenvironment, food, healthcare, and ICT. In the environment and ICT fields, the Company will
expand its compound semiconductor materials business, including scaling of the production oflarge-diameter gallium nitride (GaN) substrates, a venture that has been undertaken by
SCIOCS, as the market for next-generation power semiconductors that contribute to energy
conservation is expected to take off. To advance more focused, more flexible investment ofmanagement resources and further accelerate efforts to carry out production, development, andother operations on a global basis as the Sumitomo Chemical Group, the Company has decided
to implement the Merger.
2. Outline of the Merger(1) Schedule of the Merger
Approval of the Merger Agreement by aAugust 1, 2022
resolution of the Board of Directors
Execution of the Merger Agreement
August 1, 2022
Effective date of the Merger
October 1, 2022 (scheduled)* As the Merger is a simplified absorption-type merger set forth in the provisions of paragraph
2, Article 796 of the Companies Act of Japan to Sumitomo Chemical and a short-form merger
set forth in the provisions of paragraph 1, Article 784 of the Act to SCIOCS, neither Sumitomo
Chemical nor SCIOCS will hold a General Meeting of Shareholders for approval of the Merger
Agreement.

(2) Method of the Merger
The Merger is an absorption-type merger whereby Sumitomo Chemical will be the surviving
company and SCIOCS will be dissolved.
(3) Allocation of Shares and Other Assets
As the Merger is a merger with a wholly-owned subsidiary, it will not involve any allocation ofshares or any delivery of money.
(4) Treatment of Share Options and Corporate Bonds with Share Options of the Absorbed
Company
Not applicable.
3. Outline of Parties to the Merger(1) Surviving company
Company name
Sumitomo Chemical Co., Ltd.
Address
2-7-1, Nihonbashi, Chuo-ku, Tokyo 103-6020, Japan
Representative
Keiichi Iwata, President and Representative Director
Essential Chemicals & Plastics (manufacture and sales ofsynthetic resins, etc.), Energy & Functional Materials(manufacture and sales of battery materials, etc.), IT-related
Scope of business
Chemicals (manufacture and sales of optical products, etc.),
Health & Crop Sciences (manufacture and sales of agriculturalchemicals, etc.), and Pharmaceuticals (manufacture and sales ofethical drugs, etc.)
Capital89,810 million yen
Date established
June 1, 1925
Number of shares issued 1,655,860,207
Fiscal year end
March 31
The Master Trust Bank of Japan, Ltd. (Trust Account): 15.72%
Major shareholders and Custody Bank of Japan, Ltd. (Trust Account): 5.92%
Sumitomo Life Insurance Company: 4.34%
ratio of shares held
(as of March 31, 2022)
Nippon Life Insurance Company: 2.50%
Custody Bank of Japan, Ltd. (Trust Account 4): 1.77%
Financial position and operating results for the latest fiscal year
March 31, 2022
Fiscal year ended(Consolidated; IFRS)
Equity attributable to owners of the parent
1,218,101 million yenTotal assets
4,308,151 million yen
Equity per share attributable to owners of the parent
745.03 yen
Sales revenue
2,765,321 million yen
Operating income
215,003 million yen
Income before taxes
251,136 million yen
Net income attributable to owners of the parent
162,130 million yen
Basic earnings per share
99.16 yen(2) Absorbed company
Company name
Address
Representative
Scope of business

SCIOCS COMPANY LIMITED
880, Isagozawa-cho, Hitachi-shi, Ibaraki-ken 319-1418, JapanToshiya Saito, President and Representative Director
Manufacturing and sales of compound semiconductor materials,etc.
310 million yen
February 19, 2015
31,000March 31

CapitalDate established
Number of shares issued
Fiscal year end
Major shareholders andSumitomo Chemical Co., Ltd.: 100.00%
ratio of shares held
Financial position and operating results for the latest fiscal year
Fiscal year ended
Total assets
Net assets
Net assets per share
Net sales
Operating income
Ordinary income
Net income attributable to owners of parent
Net income per share

March 31, 2022
(Non-consolidated; JGAAP)
6,713 million yen
4,460 million yen
143,879.32 yen
8,563 million yen
1,102 million yen
1,082 million yen
1,259 million yen
40,598.33 yen

4. Status after the Merger
After the Merger, there will be no change in Sumitomo Chemical’s trade name, address,representative, scope of business, capital, or fiscal year end.
5. Impact on Financial Results
As the Merger is a merger with a wholly-owned subsidiary, its impact on Sumitomo Chemical’s
consolidated financial results will be immaterial.