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: February 13, 2024 (14:00 JST)

Consolidated Financial Results
for the Nine Months Ended March 31, 2024
(Under Japanese GAAP)
Company name:TOMOEGAWA CORPORATION (Former 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:
February 14, 2024
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 nine months ended March 31, 2024 (from April 1, 2023 to
December 31, 2023)(1) Consolidated operating results (cumulative)
Net sales
Nine 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%

December 31, 2023

24,940(3.6)

977(46.5)

1,216(37.1)

454(74.0)

December 31, 2022

25,865

6.6

1,827

11.3

1,932

(3.0)

1,749

19.9

Note: Comprehensive income

For the nine months ended December 31, 2023:
For the nine months ended December 31, 2022:
Basic earnings
per share

Nine months ended¥1,037 million¥1,915 million[(45.8 %)][6.7%]

Diluted earnings
per share
Yen

Yen

December 31, 2023

43.79

‐

December 31, 2022

161.40‐(2) Consolidated financial position
Total assets
As of

Net assets

Net assets
per share

Equity-to-asset ratio

Millions of yen

December 31, 2023

44,181

17,91930.2

1,286.11

March 31, 2023

42,94818,37032.7

1,251.36

Reference:

EquityAs of December 31, 2023:
As of March 31, 2023:¥13,338 million¥14,027 million%

Yen

Millions of yen

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

‐

0.00

‐

‐

0.00

‐

Fiscal year-end

Fiscal year ending
March 31, 2024 (Forecast)

Total

Yen

Yen

15.00

15.00

15.00

15.00

Note:
(1) Revisions to the forecasts 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

Full year

33,500Operating profit% Millions of yen

(2.0)

1,000

Profit attributable toowners of parent

Ordinary profit% Millions of yen(51.3)

1,300% Millions of yen(39.6)

Note:
Revisions to the forecasts of consolidated financial results most recently announced: Yes

Basic earnings
per share%Yen

300 (79.3)

28.93

* Notes(1) Changes in significant subsidiaries during the nine months ended December 31, 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 December 31, 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 December 31, 2023

18,380 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)
Nine months ended December 31, 2023

10,371,041 shares

Nine months ended December 31, 2022

10,371,052 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 thenine months 3. Explanation of consolidated earnings forecasts and other forward-looking statements” on page
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

‐

‐

Note: As a result of the purchase and cancellation of all 1,000,000 unredeemed Class A preferred stocks as of March 31, 2023 on
September 29, 2023 based on the resolution of the Board of Directors meeting held on September 11, 2023, no dividends will
be paid on the Class A preferred stock for the fiscal year ending March 2024.

【Attachment】

Contents of Attachment
Ⅰ．Qualitative information regarding financial results for the nine 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 nine months of the Fiscal Year 2024 (April to December, 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 (cumulative) and consolidated statement of comprehensive income(cumulative) ･････････････････････････････････････････････････････････････････････

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 nine months
Figures in Million Yen, unless otherwise noted
1. Explanation of operating results(1) Review of operating results
・Net sales and profit (loss)
Net salesfrom April 1, 2023 through December 31, 2023
ProfitBasic
attributable
Operating
Ordinary
earnings
profitprofitto owners
per shareof parent

Current Fiscal Year (FY 2024)
Third Quarter (3Q)

24,940

977

1,216

454

43.79Yen

Converted into Million
U.S. dollars (Note)

174.0

6.8

8.5

3.2

US$0.31Previous Fiscal Year (FY 2023)
3Q

25,865

1,827

1,932

1,749

161.40Yen

Change to FY 2024 from FY 2023

▲924

▲849

▲716

▲1,295▲117.61Yen

Percent Change from FY 2023
number

▲3.6%▲46.5%▲37.1%▲74.0%-

Initial forecasts for FY 2024
released on May 12, 2023

36,000

1,500

1,500

600

57.85Yen

Most recent FY2024 forecasts
released on February 13, 2024

33,500

1,000

1,300

300

28.93Yen

Change from FY 2024 Initial
forecasts▲2,500

▲500

▲200

▲300

▲28.92Yen

Note: U.S. dollar amounts are converted from Yen, for convenience only, at the rate of US$1.00= ¥143.33
・Numbers by Quarterp. 2

・Observation of the Third Quarter of the Fiscal Year 2024 (April to December, 2023)
In the current fiscal year (FY), the Company planned to increase net sales and decrease profit,as shown in the "Initial forecasts for FY 2024 released on May 12, 2023" in the above table. Under thisplan, the Company planned to pass on increasing costs to selling price, including upfront costs
associated with development of new products for semiconductor manufacturing equipment, increasing
labor costs due to improved compensation, and higher energy and material prices.
The Company also planned to increase net sales, mainly in the Toner Segment, which accounts
for over 30% of consolidated net sales, and the functional nonwoven fabric business, which launched
new products in the previous FY, in order to offset partially these increasing costs.
During the Third Quarter (3Q) of FY 2024 (April to December, 2023), net sales amounted to¥24,940 million, down ¥924 million or ▲3.6% from that of the previous FY 3Q, when the Toner Segment
was particularly strong. The Chinese economy remained sluggish, and sales in the Toner Segment
and Functional non-woven fabrics business remained weak. On the other hand, sales were stronger
than initially expected in the Semiconductor and Display-related Segment, and sales remained strong
in the Security Media Segment, where the switch to new credit cards continues.
Operating profit was ¥977 million, down ¥849 million or ▲46.5% from the previous FY 3Q
number.

Although sales in the high-margin Semiconductor and Display-related Segment and the

Security Media Segment were strong, cost increases were not fully offset as planned, mainly due toinventory reduction through production adjustments in the Toner Segment and the functional non-woven
fabrics business, where sales were sluggish.
Ordinary profit was ¥1,216 million, only down ¥716 million or ▲37.1% from that of the previous
FY 3Q and almost in line with the plan, thanks to the larger-than-expected equity earnings from anaffiliated company that handles processing of optical film used for displays.
Profit attributable to owners of parent is ¥454 million, down ¥1,295 million or ▲74.0% fromthat of the previous FY 3Q, due to the absence of extraordinary income from sales of closed fix asset
recorded in the previous FY 3Q, but in line with the initial plan.

p. 3

(2) Consolidated operating results by segment
・Reportable segments figures
FY 2023
3Q

Toner

Semiconductor
and Displayrelated

Functional Sheet

Security MediaNew Business
Development

Change to FY
2024
from FY 2023

FY 2024
3Q

Percent Change
from FY 2023
numbers

Net sales

10,586

8,614▲1,971▲18.6%

Operatingprofit1,882

460▲1,421▲75.5%Net sales

4,261

4,984

723

17.0%

Operatingprofit

157

416

258

163.7%Net sales

7,968

7,854

▲114

▲1.4%

Operatingprofit(loss)

▲65

22

88

-

Net sales

2,869

3,269

400

14.0%

Operatingprofit

120

353

233

194.3%Net sales

38

41

2

6.4%

Operating
loss

▲357

▲370

▲12

-

・Overview of reportable segments< Toner >As for the Toner Segment, net sales were ¥8,614 million, down ¥1,971 million or ▲18.6% fromthat of the previous FY 3Q, and Segment (operating) profit was ¥460 million, down ¥1,421 million or ▲75.5% from that of the previous FY 3Q.
Despite an increase in overseas-related sales thanks to the depreciation of the yen, orders
received were sluggish due to the continued economic slowdown in China, and price competition withoverseas competitors expanded, resulting in a significant decrease in net sales, especially inmonochrome toner. Segment (operating) profit were significantly lower due to a significant decreasein net sales, including those of overseas subsidiaries, as well as increased costs resulting from higher
raw material and fuel prices, and a decrease in production due to inventory adjustments.
< Semiconductor and Display-related >As for the Semiconductor and Display-related Segment, net sales were ¥4,984 million, up ¥723
million or +17.0% from that of the previous FY 3Q, and Segment (operating) profit was ¥416 million, up¥258 million or +163.7% from that of the previous FY 3Q.
Sales of the Semiconductor Packaging Tape SBU remained strong, and orders for the Optical
Film SBU for processing film for displays, which were not initially anticipated, including those fromsubsidiaries, remained strong during the period under review, resulting in increased net sales.
Segment (operating) profit increased from the same period of the previous FY, despite an increase inp. 4

new product development costs, thanks to the effect of higher sales in the Optical Film SBU andcompensation income from product development activities and resulting prototypes, as well as anincrease 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 ¥7,854 million, down ¥114 million or ▲1.4% from that of the previous FY 3Q, and Segment (operating) profit was ¥22million (loss of ¥65 million
in the previous FY 3Q).
Despite the acquisition of projects and product price revisions in the overall business, net sales
declined due to sluggish orders for the Functional Non-woven Fabrics SBU compared to the same periodof the previous FY, mainly because of the impact of the continued economic slowdown in China.
Segment (operating) profit increased compared to the same period of the previous FY thanks to thereflection of cost increases in product prices, as well as various cost reduction effects, although costs
increased due to higher raw material and fuel prices.
< Security Media >As for the Security Media Segment, net sales were ¥3,269 million, up ¥400 million or +14.0%
from that of the previous FY 3Q, and Segment (operating) profit was ¥353 million, up ¥233 million or+194.3% from that of the previous FY 3Q.
In addition to the shift to Combi credit cards with both contact and contactless usage,
passbooks and other products increased, as did orders for advertising printed materials. Segment(operating) profit increased compared to the same period of the previous FY thanks to the significant
effect of increased net sales, despite higher energy prices.
< New Business Development >As for the New Business Development Segment, net sales were ¥41 million, up ¥2 million or+6.4% from that of the previous FY 3Q, and Segment (operating) loss was ¥370 million (loss of ¥357
million in the previous FY 3Q).
The Company is mainly engaged in the development and sales of iCas-related products, andis particularly focused on the launch of new products for semiconductor manufacturing equipment.

p. 5

2. Explanation of financial position
・Financial Position

December 31, 2023
Total assets

Net assets

Equity-to-asset
ratio

Net assets
per share

End of FY 2024 3Q
December 31, 2023

44,181

17,91930.2%

1,286.11Yen

Converted into Million
U.S. dollars (Note)

311.5

126.4

-

End of FY 2023, March
31, 2023

42,94818,37032.7%

1,251.36Yen

Change to FY 2024 3Q
from FY 2023

1,233

▲451

▲2.5%

34.75Yen

US$9.07

Note: U.S. dollar amounts are converted from Yen, for convenience only, at the rate of US$1.00= ¥141.82
・Explanation regarding Financial Position
Total assets amounted to ¥44,181 million at the end of the current FY 3Q, up ¥1,233 million
from the end of the previous FY. Current assets totaled ¥22,317 million, up ¥779 million from the endof the previous FY. This was mainly due to an increase in cash and deposits as a result of the fact thatthe end of the current FY 3Q under review was a holiday for financial institutions, despite a decrease innotes and accounts receivable-trade and inventories compared to the end of last FY.

Non-current

assets totaled ¥21,864 million, an increase of ¥454 million from the end of the previous FY. This was
mainly due to an increase in property, plant and equipment due to capital expenditures and an increasein value of invested marketable securities.
Total liabilities amounted to ¥26,262 million, up ¥1,684 million from the end of the previous FY.
Current liabilities totaled ¥18,023 million, up ¥1,944 million from the end of the previous FY. This was
mainly due to an increase in short-term borrowings, despite a decrease in current portion of long-termloans payable. Non-current liabilities totaled ¥8,239 million, down ¥259 million from the end of theprevious FY, mainly due to the repayment of long-term debt. Interest-bearing debt increased ¥914
million from the end of the previous FY to ¥13,627 million.
Net assets amounted to ¥17,919 million, down ¥451 million from the end of the previous FY.
This was due to a decrease in capital surplus resulting from the redemption of Class A preferred stock,despite the recording of Profit attributable to owners of parent and increases in unrealized gains onavailable-for-sale securities and foreign currency translation adjustments resulting from the depreciationof the yen against foreign currencies.
In September 2023, TOMOEGAWA is working to improve its financial soundness by redeemed
all of its preferred shares ahead of schedule, thereby reducing the burden of preferred dividend
payments. Even after redemption, net asset ratio has remained 40.6%, maintaining a stable financial
foundation.

p. 6

3. Explanation of consolidated earnings forecasts and other forward-looking statements
As for the Fourth Quarter (4Q) of the current FY, the recovery of the Toner Segment and thefunctional non-woven fabrics business, which have been affected by the slumping Chinese economy,
remains sluggish, and although inventory reductions are slowing down, the Company expects thedifficult situation to continue throughout the current FY.

In the Semiconductor-related business,

although net sales exceeded initial expectations, a full recovery in the semiconductor market is notexpected until the Second Half of the next FY or later.
For the full year, the Company has decided to lowered net sales forecast by ¥2.5 billion from
the May 12, 2023 initial forecast to ¥33.5 billion (change of ▲6.9%) and lowered Operating profit
forecast to ¥1.0 billion (change of ▲33.3%) in light of the delayed recovery outlook, especially in the
Toner Segment. The forecast for Ordinary profit was revised downward to ¥1.3 billion (change of ▲13.3%), taking into account the decrease in Operating profit, despite the expected contribution fromequity in earnings as mentioned above. Profit attributable to owners of parent is estimated at ¥300
million (change of ▲50.0%) due to the extraordinary loss expected to be recorded in the current FY 4Q
from the strategic consolidation of production and development bases.
As for new products for semiconductor manufacturing equipment, which the Company isplanning to launch under the 8th Mid-term Business Plan, the Company established a new Tohoku Sales
Office at the end of October to accelerate the development of new products.

In December, theCompany received the "Environmental Partners recognition" from Tokyo Electron Ltd. for thedevelopment of a "Stainless fiber paper heater for piping" with high energy-saving performance, and theCompany is making steady progress toward full-scale mass production and sales. In addition, withregard to the "new electrostatic chuck," which is expected to make the largest contribution to earnings
in the medium term, the Company has completed a prototype that meets customer requirements, andhas begun capital investment (totaling approximately ¥900 million) to address issues related to mass
production. As a result, the Company will steadily advance preparations for full-scale mass production,
which is expected after 2025, although this is expected to be delayed by about one year from the initial
forecast.
・Forecasts of Current Fiscal Year, which will end on March 31, 2024
Forecasts released(Release Date)
Full year(February 13, 2024)

Net sales

OperatingprofitOrdinary
profitProfitattributable toowners ofparentBasicearnings
per share

33,500

1,000

1,300

300

28.93YenYour 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 December 31, 2023

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

5,660
6,442
6,634
57
2,224
1,312
△13
22,317

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

4,490
3,660
5,398
2,084
15,633
382

5,012
547
△74
5,485
21,41042,948

5,420
431
△3
5,847
21,864
44,181

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

5,603
6,555
1,591
186
179
3,907
18,023

5,339
1,446

4,927
1,541

309

315

1,404
8,498
24,5771,455
8,239
26,262

(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 income
Non-controlling interests
Total net assets
Total liabilities and net assets

p. 9

As of December 31, 2023

2,122
2,033
8,197
△31
12,322

2,122
897
8,445
△31
11,434

241

381

492
971
1,705
4,342
18,37042,948

698
823
1,903
4,581
17,91944,1812. Consolidated statement of income (cumulative) and consolidated statement of comprehensive
income (cumulative)(Millions of yen)
Nine months ended
December 31, 2022
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
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
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
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 interests

p. 10

Nine months ended
December 31, 2023
25,86520,021
5,843
4,016
1,827

24,94019,451
5,488
4,510
977

4
81

8
75

158

237

114
358

113
434

147
105
252
1,932

150
45
195
1,216

478
226
705

2
39
42

4
163
0
168
2,469
488
△41
447
2,022

97
93
4
194
1,064
271
67
338
725

1,749
272

454
271

3

204

7

255

△116

△148

△106
1,915

311
1,037

1,613

651

302

385

3. Notes to quarterly consolidated financial statements(Notes on Going Concern Assumption)
None.
(Notes on significant changes in the amount of shareholders' equity)
Based on the resolution of the Board of Directors meeting held on September 11, 2023, theCompany purchased and canceled 1,000,000 shares of the Class A preferred stock issued by theCompany on September 29, 2023. The purchase of the Class A preferred stock increased treasury
shares by ¥1,135 million, and the cancellation of treasury shares decreased capital surplus andtreasury shares by ¥1,135 million each. As a result, capital surplus and treasury shares amounted
to ¥897 million and ¥31 million, respectively, at the end of the third quarter of the current fiscal year.
(Segment Information)
ⅠPrevious fiscal year (From April 1, 2022 to December 31, 2022)
Information concerning net sales and profit (loss) by reportable segment, and disaggregated revenue
information(Millions of yen)
Reportable segments

Toner

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

1,564

2,525

7,216

2,869

38

14,21589

14,305－

14,305China (including
Hong Kong)

3,581

234

102

－

－

3,918

－

3,918

－

3,918

Other Asia

1.235

1,491

518

－

－

3,245

－

3,245

－

3,245

Europe

3,197

1

1

－

－

3,201

－

3,201

－

3,201

North America

745

7

128

－

－

880

－

880

－

880

Other

261

－

－

－

－

261

－

261

－

261

10,586

4,261

7,968

2,869

38

25,72389

25,813－25,813

－

－

－

－

－

－

52

52

－

52

10,586

4,261

7,968

2,869

38

25,723

141

25,865－25,865

－

－

693

104

－

797

457

1,255

(1,255)－Net sales

10,586

4,261

8,661

2,973

38

26,520599

27,120(1,255)25,865

Segment profit(loss)

1,882

157

(65)

120

(357)

1,736

62

1,798

28

1,827

Revenue fromcontracts withcustomers
Other revenue
Revenues fromexternalcustomers
Transactions
with othersegments

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 \28 million represents eliminations for inter-segment
transactions.
3. Segment profit (loss) is reconciled to Operating profit presented in the consolidated statement of income(cumulative) and consolidated statement of comprehensive income (cumulative).
p. 11

ⅡCurrent fiscal year (From April 1, 2023 to December 31, 2023)
1. Information concerning net sales and profit (loss) by reportable segment, and disaggregatedrevenue 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

1,537

2,931

7,033

3,269

34

14,806123

14,930－14,930China (including
Hong Kong)

2,710

199

38

－

－

2,948

－

2,948

－

2,948

992

1,816

686

－

6

3,501

－

3,501

－

3,501

2,704

1

3

－

－

2,709

－

2,709

－

2,709

North America

472

35

92

－

－

600

－

600

－

600

Other

198

－

－

－

－

198

－

198

－

198

8,614

4,984

7,854

3,269

41

24,764

123

24,888－24,888

－

－

－

－

－

－

52

52

－

52

8,614

4,984

7,854

3,269

41

24,764

175

24,940－24,940

－

－

1,156

58

－

1,214

459

1,673

(1,673)－

Net sales

8,614

4,984

9,010

3,328

41

25,979635

26,614(1,673)24,940

Segment profit(loss)

460

416

22

353

(370)

882

63

945

32

977

Other Asia
EuropeRevenue fromcontracts withcustomers
Other revenue
Revenues fromexternalcustomers
Transactions
with othersegments

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 \32 million represents eliminations for inter-segment
transactions.
3. Segment profit (loss) is reconciled to Operating profit presented in the consolidated statement of income(cumulative) and consolidated statement of comprehensive income (cumulative).

2. Matters related to changes in reportable segments, etc.
For better understanding of the Group's future vision and business development activities,
the Company 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 ofthe current consolidated fiscal year.
The segment information for the third quarter of the previous fiscal year is disclosed under
the new reportable segment name. However, there is no change in the method of classifying
reportable segment.

p. 12