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.

Member, Financial Accounting Standards Foundation
The Announcement date: August 10, 2023 (14:00 JST)

Consolidated Financial Results
for the Three Months Ended March 31, 2024
(Under Japanese GAAP)
Company name:TOMOEGAWA CO., LTD.
Listing:
Tokyo Stock Exchange
Securities code:
3878
URL:
https://www.tomoegawa.co.jp/
Representative:
Yoshio Inoue, President and Representative Director, Group CEO
Inquiries:
Masaaki Yamaguchi, Director, Senior Managing Executive Officer, Group CFO
Telephone:+81-54-256-4319
Scheduled date to file quarterly securities report:
August 14, 2023
Scheduled date to commence dividend payments:‐
Preparation of supplementary material on quarterly financial results: None
Holding of quarterly financial results briefing:
None(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the three months ended March 31, 2024 (from April 1, 2023 to June30, 2023)(1) Consolidated operating results (cumulative)
Net sales
Three months ended(Percentages indicate year-on-year changes.)

Operating profit

Millions of yen

Profit attributable toowners of parent

Ordinary profit% Millions of yen%

Millions of yen%

Millions of yen%

June 30, 2023

8,315

(6.5)

432

(43.2)

594(37.1)

341(70.3)

June 30, 2022

8,894

18.0

761

78.1

944

61.6

1,150

175.9

Note: (1) Comprehensive income For the three months ended June 30, 2023:
For the three months ended June 30, 2022:
Basic earnings
per share
Three months ended[(48.5 %)][264.4%]

Diluted earnings
per share
Yen

June 30, 2023

¥ 829 million¥1,610 million

Yen

31.77

‐

June 30, 2022
108.49‐Note: (2) The above per share information pertains to Common Stock.

(2) Consolidated financial position
Total assets
As ofMillions of yen

Net assets

Net assets
per share

Equity-to-asset ratio

Millions of yen%

Yen

June 30, 2023

44,85918,98932.2

1,296.72

March 31, 2023

42,94818,37032.7

1,251.36

Reference:

EquityAs of June 30, 2023:¥14,460 million
As of March 31, 2023:¥14,027 million
Note: The above per share information pertains to Common Stock.

2. Cash dividends
Annual dividends per shareFirst quarter-end

Second quarter-end

Third quarter-end

Yen

Yen

Yen

Fiscal year ended
March 31, 2023
Fiscal year ending
March 31, 2024‐

Fiscal year-end

Total

Yen

Yen

0.00

‐

15.00

15.00

0.00

‐

15.00

15.00

‐

Fiscal year ending
March 31, 2024 (Forecast)

Note:(1) Revisions to the forecast of cash dividends most recently announced: None
(2) The above "2. Cash dividends" shows dividends for Common stock. For details of dividends for Preferred stock (unlisted), therights of which are different from those of Common stock issued by the Company, please refer to "Reference: Dividends forPreferred Stock" below.

3. Forecasts of Consolidated financial results for Fiscal Year 2024 (from April 1, 2023 to March 31, 2024)(Percentages indicate year-on-year changes.)
Net sales
Millions of yen

Operating profit% Millions of yen

Profit attributable toowners of parent

Ordinary profit% Millions of yen% Millions of yen

Basic earnings
per share%

YenFirst Half

17,500(0.2)

600(50.2)

600(55.9)

200 (84.1)

16.87

Full year

36,0005.4

1,500(26.9)

1,500(30.3)

600 (58.7)

53.03

Note: Revisions to the forecast of consolidated financial results most recently announced: None

* Notes(1) Changes in significant subsidiaries during the first three months ended June 30, 2023 (changes in specified
subsidiaries resulting in the change in scope of consolidation): None
(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements:
None(3) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: None(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(4) Number of issued shares (common shares)(i)

Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2023

10,389,406 shares

As of March 31, 2023

10,389,406 shares(ii) Number of treasury shares at the end of the period
As of June 30, 2023

18,354 shares

As of March 31, 2023

18,354 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal
year)
Three months ended June 30, 2023

10,371,052 shares

Three months ended June 30, 2022

10,371,053 shares* Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants
or an audit corporation.
* Proper use of earnings forecasts, and other special matters
The forward-looking statements in this document, including earnings forecasts, are based on information
currently available to the Company and certain assumptions that the Company considers reasonable, and are notintended as a promise by the Company that they will be achieved. Actual results may differ materially due tovarious factors. For the assumptions used as the basis for the earnings forecasts and special remarks regarding
the use of the earnings forecasts, please refer to “Ⅰ.Qualitative information regarding financial results for the
first three months 3. Explanation of consolidated earnings forecasts and other forward-looking statements” onpage 7 (Attached Material).
Reference: Dividends for Preferred Stock
The breakdown of dividends per share related to Class-A Preferred stock that have different rights from
common stock is as follows:
Annual dividends per share

Fiscal year ended
March 31, 2023
Fiscal year ending
March 31, 2024
Fiscal year ending
March 31, 2024 (Forecast)First quarter-end

Second quarter-end

Third quarter-end

Yen

Yen

Yen

‐

Fiscal year-end

Total

Yen

Yen

‐

‐

50.00

50.00

‐

‐

50.00

50.00

‐

【Attachment】

Contents of Attachment
Ⅰ．Qualitative information regarding financial results for the first three months ････････････････････

2

1. Explanation of operating results ･･･････････････････････････････････････････････････････

2(1) Review of operating results ････････････････････････････････････････････････････････

2

・Net sales and profit (loss)･････････････････････････････････････････････････････････

2

・Numbers by Quarter ････････････････････････････････････････････････････････････

2

・Observation of the First Quarter of the Fiscal Year 2024 (April to June, 2023) ･･･････････････

3(2) Consolidated operating results by segment ････････････････････････････････････････････

4

・Reportable segments figures ･････････････････････････････････････････････････････

4

・Overview of reportable segments ･･････････････････････････････････････････････････

4

2. Explanation of financial position ･･････････････････････････････････････････････････････

6

・Financial Position ･･････････････････････････････････････････････････････････････

6

・Explanation regarding Financial Position ････････････････････････････････････････････

6

3. Explanation of consolidated earnings forecasts and other forward-looking statements ･････････････

7

Ⅱ．Quarterly consolidated financial statements and significant notes thereto ･･･････････････････････

8

1. Consolidated balance sheet ･･･････････････････････････････････････････････････････････
2. Consolidated statement of income (quarterly) and consolidated statement of comprehensive income(quarterly) ････････････････････････････････････････････････････････････････････････

8
10

3. Notes to quarterly consolidated financial statements ･･･････････････････････････････････････

11(Notes on Going Concern Assumption) ･････････････････････････････････････････････････

11(Notes on significant changes in the amount of shareholders’ equity) ･･････････････････････････

11(Segment Information) ･･････････････････････････････････････････････････････････････

11

p. 1

Ⅰ．Qualitative information regarding financial results for the first three months
Figures in Million Yen, unless otherwise noted
1. Explanation of operating results(1) Review of operating results
・Net sales and profit (loss)

from April 1, 2023 through June 30, 2023
Profit(Note1)attributable
Ordinary
Basic
profitearnings
to ownerspershareof parent

Net sales

OperatingprofitCurrent Fiscal Year (FY 2024)
First Quarter (1Q)

8,315

432

594

341

31.77Yen

Converted into Million
U.S. dollars (Note2)

58.9

3.1

4.2

2.4

US$0.22

Previous Fiscal Year (FY 2023)
1Q

8,894

761

944

1,150

108.49Yen

Change to FY 2024 from FY
2023

▲579

▲328

▲350

▲808

▲76.72Yen

Percent Change from FY
2023 number▲6.5%▲43.2%▲37.1%▲70.3%-

Note1: The above per share information pertains to Common Stock
Note2: U.S. dollar amounts are converted from Yen, for convenience only, at the rate of
US$1.00 = ¥141.27
・Numbers by Quarterp. 2

・Observation of the First Quarter of the Fiscal Year 2024 (April to June, 2023)
During the First Quarter (1Q) of the Fiscal Year (FY) 2024 (April to June, 2023), net sales
amounted to ¥8,315 million, down ¥579 million or ▲6.5% from that of the previous FY, when the Toner
Segment was particularly strong. In the Semiconductor-related business, the market adjustment thathas continued since the second half of the previous FY has been prolonged. In addition, due to theslowdown of the Chinese economy and other factors, inventory adjustments and price competition have
expanded since the end of the previous FY in the Toner Segment, and sales of some functional nonwoven fabric-related products were also affected. On the other hand, there was a temporary increasein orders in the Display-related business.
Operating profit was ¥432 million, down ¥328 million or ▲43.2% from the previous 1Q number.
The impact of lower sales in the Semiconductor-related business was absorbed by an increase in orders
in the Display-related business, which shares core facilities.

In addition, the positive effects of thepenetration of price pass-on activities from the previous FY and the depreciation of the yen. However,the negative impact of lower sales in the Toner Segment and higher raw material and fuel procurement
costs, combined with increased expenditures for upfront costs related to the launch of new products.
Ordinary profit is ¥594 million, down ¥350 million or ▲37.1% from that of the previous FY 1Q,
due to lower Operating profit, despite foreign exchange gains resulting from the depreciation of the yen
and the equity earnings from an affiliated company that handles processing of optical film used for
displays.
Profit attributable to owners of parent is ¥341 million, down ¥808 million or ▲70.3% from thatof the previous FY 1Q, due to a decrease in Ordinary profit and the absence of extraordinary income fromasset sales recorded in the previous FY 1Q.
On the other hand, many of the above-mentioned factors that may cause a decrease in profits
were factored in at the beginning of the period, and the company's performance, especially in terms of
profits, has been favorable compared to the May 12, 2023, consolidated earnings forecast.

p. 3

(2) Consolidated operating results by segment
・Reportable segments figures

Toner

Semiconductor
and Displayrelated
Functional
Sheet

Security MediaNew Business
Development

Change to FY
2024
from FY 2023

FY 2024
1Q

FY 2023
1Q

Percent Change
from FY 2023
numbers

Net sales

3,805

2,789

▲1,015▲26.7%

Operatingprofit

652

277

▲375

▲57.6%Net sales

1,497

1,724

227

15.2%

Operatingprofit

156

160

3

2.2%

Net sales

2,628

2,654

25

1.0%

Operating
loss

▲28

▲2

26

-

Net sales

908

1,081

172

19.0%

Operatingprofit

49

89

40

81.0%

Net sales

17

10

▲6

▲37.8%

Operating
loss

▲111

▲128

▲17

-

・Overview of reportable segments
For better understanding of the Group's future vision and business development activities, theCompany has changed the names of some of its reportable segment as follows, effective from the firstquarter of the current consolidated fiscal year.
The former "Electronic Materials Segment" was renamed to the "Semiconductor and Displayrelated Segment" because the Company is developing its business in the field of semiconductors,
electronic components, and displays, which are widely used in the IT, automobile, and consumer
electronics industries, by utilizing Heat, Electricity and Electromagnetic waves control technologies andadhesive technologies.
The former "Functional Paper Segment" was renamed to the "Functional Sheet Segment"
because this segment’s raw materials and products are not limited to paper and is developing its businessby adding functions to various sheets converted from various fibers using special paper-making
technology and coating technology.
< Toner >As for the Toner Segment, net sales were ¥2,789 million, down ¥1,015 million or ▲26.7% fromthat of the previous FY 1Q, and Segment (operating) profit was ¥277 million, down ¥375 million or ▲57.6% from that of the previous FY 1Q.

p. 4

Despite an increase in overseas-related sales thanks to the depreciation of the yen, thedecrease in net sales was caused by a decline in orders received that have continued since the end of
the previous FY, as a result of inventory adjustments among major customers. Price competition withcompetitors has also accelerated this trend. Segment (operating) profit decreased due to the significant
sales decline and higher costs from higher raw material and fuel prices.
< Semiconductor and Display-related >As for the Semiconductor and Display-related Segment, net sales were ¥1,724 million, up ¥227
million or +15.2% from that of the previous FY 1Q, and Segment (operating) profit was ¥160 million, up¥3 million or +2.2% from that of the previous FY 1Q.
Net sales of the Semiconductor Packaging Tape SBU exceeded the plan due to the continued
adjustment in the semiconductor market, but were down compared to the previous FY, which wasparticularly strong. On the other hand, net sales of the Optical Film SBU increased thanks to a large
number of orders received in the current FY 1Q.

Segment (operating) profit increased from the same

period of the previous FY 1Q, despite an increase in new product development costs, thanks to the effectof higher sales in the Optical Film SBU, as well as an increase in the operating rate of coating machines,
a key facility common to this segment.
< Functional Sheet >As for the Functional Sheet Segment, net sales were ¥2,654 million, up ¥25 million or +1.0%
from that of the previous FY 1Q, and Segment (operating) loss was ¥2 million (loss of ¥28 million in theprevious FY 1Q).
Although orders for the Functional Non-woven Fabric SBU were sluggish due to the slowdownof the Chinese economy, net sales of the Processed Paper SBU were firm, and price revisions of someproducts in the Coated Paper SBU led to an increase in net sales compared to the same period of theprevious FY. Although costs increased due to higher raw material and fuel prices, the loss narrowed
compared to the same period of the previous FY thanks to the reflection of cost increases in productprices, as well as an increase in revenue from the Processed Paper SBU.
< Security Media >As for the Security Media Segment, net sales were ¥1,081 million, up ¥172 million or +19.0%
from that of the previous FY 1Q, and Segment (operating) profit was ¥89 million, up ¥40 million or +81.0%
from that of the previous FY 1Q.
Despite a decrease in card-related products, passbooks and other products increased, as didorders for advertising printed materials. Segment (operating) profit was affected by higher energy prices,
but benefited from increased net sales.

p. 5

< New Business Development >As for the New Business Development Segment, net sales were ¥10 million, down ¥6 million or▲37.8% from that of the previous FY 1Q, and Segment (operating) loss was ¥128 million (loss of ¥111
million in the previous FY 1Q).
The Company is mainly engaged in the development and net sales of iCas-related products,
and is particularly focused on the launch of new products for semiconductor manufacturing equipment.
2. Explanation of financial position
・Financial Position

June 30, 2023
(Note1)

Total assets

Net assets

Equity-to-asset
ratio

Net assets
per share

End of FY 2024 1Q June30, 2023

44,85918,98932.2%

1,296.72Yen

Converted into Million
U.S. dollars (Note2)

309.4

131.0

-

US$8.94

End of FY 2023
March 31, 2023

42,94818,37032.7%

1,251.36Yen

Change to FY 2024 1Q
1,911
619
45.36Yen▲0.5%
from FY 2023
Note1: The above per share information pertains to Common Stock
Note2: U.S. dollar amounts are converted from Yen, for convenience only,at the rate of US$1.00 = ¥144.99
・Explanation regarding Financial Position
Total assets amounted to ¥44,859 million at the end of the current FY 1Q, up ¥1,911 million fromthe end of the previous FY.

Current assets totaled ¥23,167 million, up ¥1,630 million from the end of

the previous FY. This was mainly due to an increase in cash and deposits, as well as an increase infinished goods, raw materials and supplies. Non-current assets totaled ¥21,691 million, an increase of¥280 million from the end of the previous FY. This was mainly due to an increase in value of invested
marketable securities.
Total liabilities amounted to ¥25,869 million, up ¥1,292 million from the end of the previous FY.
Current liabilities totaled ¥17,437 million, up ¥1,359 million from the end of the previous FY. This was
mainly due to an increase in notes and accounts payable and short-term borrowings, despite a decreasein current portion of long-term loans payable. Non-current liabilities totaled ¥8,431 million, down ¥67
million from the end of the previous FY, mainly due to the repayment of long-term debt. Interest-bearing
debt increased ¥698 million from the end of the previous FY to ¥13,411 million.
Net assets amounted to ¥18,989 million, up ¥619 million from the end of the previous FY. Thiswas due to the recording of Profit attributable to owners of parent and an increase in foreign currencytranslation adjustments resulting from the depreciation of the yen against foreign currencies.

p. 6

3. Explanation of consolidated earnings forecasts and other forward-looking statements
The Toner Segment accounts for more than 30% of consolidated net sales, while the impact ofdeteriorating market conditions in China and Southeast Asia is growing, the Company will develop
aggressive measures to leverage its competitive advantage by focusing on further expanding market
share, and developing markets in emerging countries. In the Functional Sheet Segment, we expect
the impact of the slowdown in the Chinese economy to continue for some time, especially in thefunctional non-woven fabric, where we expect future growth. Therefore, toward the latter half of thecurrent FY, the Company will make investments that contribute to upgrading its facilities to prepare for
future growth, and maintain and improve its competitiveness. In the Semiconductor-related business,recovery of mainstay products is expected to be delayed until next year or later. We will continue toclosely monitor market changes and focus on developing new products for semiconductor production
equipment. The Display-related business, which has been strong recently, is highly volatile due to thenature of the industry, and in anticipation of a sharp decline in orders in the latter half of the current FY,
we will further improve productivity and consider facility consolidation. The contribution of equity inearnings from an affiliated company that handles processing of optical film used for displays is also
expected to decrease in the future.
Although the three-month results have been favorable, with Profit attributable to owners ofparent for 1Q exceeding the forecast for the first half of the current FY, the Company decided to leaveits earnings forecast unchanged from the current announcement made on May 12, 2023.

This isbecause in the Toner Segment, we expect a profit decline due to inventory adjustments especially in thesecond quarter, and we also plan to conduct periodic repair work during the summer vacation.
Your continuous support of TOMOEGAWA will be greatly appreciated.

p. 7

Ⅱ．Quarterly consolidated financial statements and significant notes thereto
1. Consolidated balance sheet(Millions of yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - tradeFinished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Current portion of long-term borrowings
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Retirement benefit liability
Provision for retirement benefits for
directors (and other officers)
Other
Total non-current liabilities
Total liabilities

p. 8

As of June 30, 2023

4,353
6,557
6,837
61
2,310
1,430
△13
21,537

5,741
6,464
7,200
60
2,472
1,240
△12
23,167

4,475
3,628
5,398
2,031
15,533
391

4,460
3,621
5,398
2,122
15,603
386

5,012
547
△74
5,485
21,41042,948

5,245
459
△3
5,701
21,69144,859

5,222
4,289
2,433
146
518
3,468
16,078

5,885
5,918
1,642
141
249
3,600
17,437

5,339
1,446

5,236
1,447

309

309

1,404
8,498
24,5771,438
8,431
25,869(Millions of yen)
As of March 31, 2023
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive
incomeNon-controlling interests
Total net assets
Total liabilities and net assets

p. 9

As of June 30, 2023

2,122
2,033
8,197
△31
12,322

2,122
2,033
8,333
△31
12,458

241

339

492
971

739
922

1,705

2,002

4,342
18,37042,948

4,528
18,98944,859

2. Consolidated statement of income (quarterly) and consolidated statement of comprehensive income(quarterly)(Millions of yen)Three months ended
June 30, 2022
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Share of profit of entities accounted for using
equity method
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Total extraordinary income
Extraordinary losses
Impairment losses
Other
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable toProfit attributable to owners of parent
Profit attributable to non-controlling interests
Other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, netof taxTotal other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to noncontrolling interestsp. 10

Three months ended
June 30, 2023

8,894
6,822
2,071
1,310
761

8,315
6,389
1,925
1,492
432

1
38
－

4
43
58

180

95

37
257

22
223

47
26
74
944

48
14
62
594

453
453

1
1

24
0
24
1,373
139
△10
128
1,245

38
4
42
553
97
17
115
438

1,150
95

341
96

△13

133

416

305

△37

△48

364
1,610

390
829

1,418

638

191

190

3. Notes to quarterly consolidated financial statements(Notes on Going Concern Assumption)
None.
(Notes on significant changes in the amount of shareholders' equity)
None.
(Segment Information)
Ⅰ Previous fiscal year (From April 1, 2022 to June 30, 2022)
Information concerning net sales and profit (loss) by reporting segment, and disaggregated revenue
information(Millions of yen)

Toner

Reportable segments
SemicondNew
uctor
ReportabFunction Security Businessandleal Sheet media Developm
Displaysegments
entrelated(Note 2)

(Note 1)

Other

Total

(Note 3)Per
Reconcilconsolidated
ing
financial
items
statements

Net sales
Japan

564

805

2,408

908

17

4,704

19

4,723

－

4,723

1,297

111

44

－

－

1,453

－

1,453

－

1,453

392

572

140

－

－

1,105

－

1,105

－

1,105

1,079

0

0

－

－

1,081

－

1,081

－

1,081

North America

361

7

34

－

－

403

－

403

－

403

Other

110

－

－

－

－

110

－

110

－

110

3,805

1,497

2,628

908

17

8,857

19

8,877

－

8,877

－

－

－

－

－

－

17

17

－

17

3,805

1,497

2,628

908

17

8,857

36

8,894

－

8,894

－

－

105

29

－

134

162

296

(296)

－

3,805

1,497

2,733

938

17

8,992

199

9,191

(296)

8,894

China (including
Hong Kong)
Other Asia
EuropeRevenue fromcontracts withcustomers
Other revenue
Revenues fromexternalcustomers
Transactions
with othersegments
Net sales

Segment profit
652
156
(28)
49
(111)
719
26
745
15
761
(loss)
Notes:
1. The “Other” classification is for business segments not included in a reportable segment and includes
logistics services, etc.
2. Segment profit (loss) in the above adjustment \15 million represents eliminations for inter-segment
transactions.
3. Segment profit (loss) is reconciled to Operating profit presented in the Consolidated statement of income(quarterly) and consolidated statement of comprehensive income (quarterly).

p. 11

Ⅱ Current fiscal year (From April 1, 2023 to June 30, 2023)
1. Information concerning net sales and profit (loss) by reporting segment, and disaggregated revenue
information(Millions of yen)

Toner

Reportable segments
SemicondNew
uctor
ReportabFunction Security Businessandleal Sheet media Developm
Displaysegments
entrelated(Note 2)

(Note 1)

Other

Total

(Note 3)Per
Reconcilconsolidated
ing
financial
items
statements

Net sales
Japan

501

986

2,381

1,081

10

4,961

36

4,998

－

4,998

China (including
Hong Kong)

756

50

19

－

－

827

－

827

－

827

Other Asia

311

677

214

－

－

1,202

－

1,202

－

1,202

Europe

980

1

1

－

－

983

－

983

－

983

North America

176

9

36

－

－

222

－

222

－

222

Other

62

－

－

－

－

62

－

62

－

62

2,789

1,724

2,654

1,081

10

8,261

36

8,297

－

8,297

－

－

－

－

－

－

17

17

－

17

2,789

1,724

2,654

1,081

10

8,261

54

8,315

－

8,315

－

－

449

10

－

459

154

614

(614)

－

2,789

1,724

3,103

1,091

10

8,720

209

8,929

(614)

8,315

Revenue fromcontracts withcustomers
Other revenue
Revenues fromexternalcustomers
Transactions
with othersegments
Net sales

Segment profit
277
160
(2)
89
(128)
359
25
421
11
432
(loss)
Notes:
1. The “Other” classification is for business segments not included in a reportable segment and includes
logistics services, etc.
2. Segment profit (loss) in the above adjustment \11 million represents eliminations for inter-segment
transactions.
3. Segment profit (loss) is reconciled to Operating profit presented in the Consolidated statement of income(quarterly) and consolidated statement of comprehensive income (quarterly).

2. Matters related to changes in reportable segments, etc.
For better understanding of the Group's future vision and business development activities, theCompany has changed the name of our reportable segment from the former "Electronic Materials
Segment" to "Semiconductor and Display-related Segment" and from the former "Functional Paper
Segment" to the "Functional Sheet Segment" effective from the first quarter of the current consolidated
fiscal year.
The segment information for the first quarter of the previous fiscal year is disclosed under the newreporting segment name.

However, there is no change in the method of classifying reportablesegment.

p. 12