Consolidated Financial Results Highlights
for the Fiscal Year Ended March 31, 2021
[Japanese GAAP]
April 30, 2021
Company Name: HARIMA CHEMICALS GROUP, INC.
Code Number: 4410
(URL: www.harima.co.jp)
Stock Exchange Listing: Tokyo Stock Exchange
Representative: Yoshihiro Hasegawa, President
Contact: Kiyotaka Uetsuji, Managing Director, Accounting Section Director
Phone: +81-6-6201-2461
Scheduled date of Ordinary General Shareholders’ Meeting: June 23, 2021
Scheduled submission date of Securities Report: June 24, 2021
Scheduled date to commence dividend payments: June 24, 2021
Availability of supplementary briefing material on Financial Results: Available
Schedule of Financial Results briefing session: Not scheduled(Figures are rounded down to the nearest million yen)

1. Consolidated Financial Results for the Fiscal Year Ended March 2021 (From April 1, 2020 toMarch 31, 2021)(1) Consolidated Results of Operations(% indicates changes from the same period of the previous year)
Net income attributable toHarima Chemicals
Group,INC
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
FY Ended March 31, 2021
62,850(12.5)
1,576(58.0)
1,093
1,091ሺ69.5)
ሺ50.8)FY Ended March 31, 2020
71,799(8.6)
3,752(19.6)
3,589(25.5)
2,217(46.3)(Note) Comprehensive income: FY Ended March 31, 2021: 794million yen [(53.1%)], FY Ended March 31, 2020: 1,693million yen [(44.3%)]
Net sales

Operating income

Net income per share

Fully diluted net income
per share

Yen

Ordinary income

Return on assets

Operatingprofit on sales

%%%

3.1

1.6

2.5

FY Ended March 31, 2020
87.67
－6.3
(Reference) Equity in net income of affiliated companies: FY Ended March 31, 2021: (110) million yen,
FY Ended March 31, 2020: (40) million yen

5.0

5.2

FY Ended March 31, 2021

43.44

Yen

Return on equity－(2) Consolidated Financial Position
Total assets
At March 31, 2021

Net assets

Equity ratio

Millions of yen

Millions of yen

69,39037,441

Net assets per share%
49.8

At March 31, 2020
71,39537,74549.2(Reference) Equity: FY Ended March 31, 2021: 34,565 million yen, FY Ended March 31, 2020: 35,134 million yen

Yen

1,375.27
1,399.48(3) Consolidated Cash Flows
Cash flows from operatingactivities

Cash flows from investing
activities

Cash flows from financing
activities

Cash and cash equivalents
at Year end

Millions of yen

Millions of yen

Millions of yen

Millions of yen

FY Ended March 31, 2021

3,007

(1,858)(1,564)

3,421

FY Ended March 31, 2020

6,186

(3,463)(2,045)3,911

1

2. Dividends

Yen

Yen

Millions of yen

FY Ended March 31, 2020

－

19.00

－

19.00

38.00

956

%
43.3

Dividend onequityratio(Consolidated)%
2.7

FY Ended March 31, 2021
FY Ending March 31,2022(Forecast)

－

19.00

－

19.00

38.00955

87.5

2.7－

19.00

－

19.00

38.00

Annual dividend
1Q2Q
Yen

3Q
Yen

Year end
Yen

Dividend

Dividend
payout ratio(Total)(Consolidated)

Total

76.4

3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2022 (From April
1, 2021 to March 31, 2022)
Net sales
Millions of yen

2Q(cumulative)
Full year

33,40068,500(% indicates changes from the same period of the previous year)
Net income attributable
Net income
Ordinary income
to Harima Chemicals
per share
Group,INC.
Millions of yen
Millions of yen
Yen%%
880459.5450
31.1
17.90
2,500
128.6
1,250
14.5
49.73

Operating income%
10.9
9.0

Millions of yen

880
2,500%
147.0
58.5

4. Others(1) Significant changes of subsidiaries during period under review (affecting specific subsidiaries due tochanges in scope of consolidation): None
Newly included: 0 (Company name:) Excluded: 0 (Company name: )(2) Changes in accounting policies, changes in accounting estimates and corrections of errors(i) Changes in accounting policies accompanying the revisions to items such as accounting standards:
None(ii) Changes in accounting policies other than (i) above: None(iii) Changes in accounting estimates: None(iv) Corrections of errors: None
(3) Number of shares issued (common stock)(i) Total number of shares issued at the end of the period (including treasury stock)
Fiscal Year Ended March 31, 2021

26,080,396 sharesFiscal Year Ended March 31, 2020

26,080,396 shares(ii) Total number of treasury stock at the end of the period
Fiscal Year Ended March 31, 2021
946,459 sharesFiscal Year Ended March 31, 2020

974,643 shares(iii) Average number of shares during the period
Fiscal Year Ended March 31, 2021

25,125,257 sharesFiscal Year Ended March 31, 2020

25,294,471 shares

2

(Reference) Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2021 (From April 1,2020 to March 31, 2021)(1) Non-consolidated Results of Operations
Net sales(% indicates changes from the same period of the previous year)
Operating income

Ordinary income

Net income

FY Ended March 31, 2021

Millions of yen
2,369%(19.1)

Millions of yen
274%(66.2)

Millions of yen
368%(59.1)

Millions of yen
1,744%77.1

FY Ended March 31, 2020

2,930ሺ4.4)

811

ሺ9.8)

900ሺ9.0)

984

159.7

Net income per share

Fully diluted net income
per share

YenYenFY Ended March 31, 2021

69.42

－

FY Ended March 31, 2020

38.93－(2) Non-consolidated Financial Position
Total assets
At March 31, 2021

Net assets

Equity ratio

Millions of yen

Millions of yen

34,28525,859Net assets per share%
75.4

At March 31, 2020
35,25725,555
72.5(Reference) Equity: FY Ended March 31, 2021: 25,859 million yen, FY Ended March 31, 2020: 25,555 million yenYen

1,028.86
1,017.93* This summary of consolidated financial results is not subject to audit procedure.
* Explanation for the appropriate use of performance forecasts and other special notes:
The performance forecasts and other forward-looking statements herein are based on information currently
available to the Company and certain preconditions which the Company believes to be reasonable. Actual
results may differ significantly from these forecasts due to a wide range of factors.

3

Segment Information
Information regarding net sales and income or loss by reporting segment
I.

For the previous fiscal year (April 1, 2019 to March 31, 2020)(Thousands of yen)
Reporting segment
Resin & Tall Oil
Products

Paper Chemicals

Electronics
Materials

18,188,348

18,928,383

5,297,842

27,655,267

70,069,843

209,31247,374－38,185294,872

18,397,661

18,975,758

5,297,842

27,693,453

70,364,715

Segment income

419,073

1,838,722

157,554

1,654,694

4,070,045

Depreciation

765,988745,405

163,522451,4032,126,320(5,301)(6,134)(813)(155,506)(167,756)－－－(50,741)(50,741)

Total

Adjustment(Note 2)

LawterSubtotal

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers
Total

Interest income andinterest expenses
Equity in income ofaffiliated companies

Others(Note 1)

Amount in consolidated
statement of income(Note 3)

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers

1,726,122

71,795,965

3,129

71,799,094

181,147

476,020

ሺ476,020)－Total

1,907,269

72,271,985

ሺ472,890)

71,799,094

Segment income

140,461

4,210,506

ሺ457,673)

3,752,833

Depreciation

132,140

2,258,460－

2,258,460

ሺ3,701)ሺ171,457)

ሺ68,655)

ሺ240,112)－ሺ50,741)

10,570ሺ40,170)

Interest income andinterest expenses
Equity in income ofaffiliated companies(Notes) 1. “Others” division is business segment not attributable to reportable segment and includes mainly
real estate management, etc.
2. The adjustment amount of segment income includes the adjustment of inventories 103,957 thousand
yen and company-wide expenses (579,229) thousand yen, etc. that are not attributable to reportablesegment.
3. Segment income is adjusted to reflect operating income as recorded in the consolidated statementof income.
4. Assets are not allocated into reportable segments how to determine the allocation of management
resources and how to assess performance of the Company.

4II. For the current fiscal year (April 1, 2020 to March 31, 2021)(Thousands of yen)
Reporting segment
Resin & Tall Oil
Products

Paper Chemicals

Electronics
Materials

14,783,648

18,481,288

5,005,477

23,068,621

61,339,036

227,7293,447－

401,403

632,580

Total

15,011,378

18,484,736

5,005,477

23,470,025

61,971,616

Segment income (loss)(490,595)

1,987,791

272,216

386,134

2,155,547

Depreciation

781,070

738,187

157,426

534,430

2,211,115(3,301)

10,641(200)(169,228)(162,088)－－－(158,362)(158,362)

Total

Adjustment(Note 2)

LawterSubtotal

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers

Interest income andinterest expenses
Equity in income(loss) ofaffiliated companies

Others(Note 1)

Amount in consolidated
statement of income(Note 3)

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers

1,525,429

62,864,465(13,651)

62,850,813

156,223

788,803(788,803)－Total

1,681,652

63,653,269(802,455)

62,850,813

Segment income (loss)

26,0782,181,626(604,771)

1,576,854

Depreciation

142,152

2,353,268－

2,353,268

ሺ6,206)(168,294)(68,975)

ሺ237,269)－(158,362)

48,209ሺ110,152)

Interest income andinterest expenses
Equity in income(loss) ofaffiliated companies(Notes) 1. “Others” division is business segment not attributable to reportable segment and includes mainly
real estate management, etc.
2. The adjustment amount of segment income (loss) includes the adjustment of inventories 112,922
thousand yen and company-wide expenses (732,459) thousand yen, etc. that are not attributable toreportable segment.
3. Segment income is adjusted to reflect operating income as recorded in the consolidated statementof income.
4. Assets are not allocated into reportable segments how to determine the allocation of management
resources and how to assess performance of the Company.

5