May 10, 2022
To Whom It May Concern:
Company Name: NAGASE & CO., LTD.
Representative: Kenji Asakura,
Representative Director, President
Stock Exchange Listings:
Tokyo (Prime Market) Code 8012
Contact:
Yoshihisa Shimizu,
Executive Officer,
General Manager,
Corporate Management Dept.
Tel: +81-3-3665-3103

Notice Concerning Differences Between Consolidated and Non-Consolidated Financial Results for theFiscal Year Ended March 31, 2022 and the Respective Results for the Previous Fiscal Year

This notice serves to provide information regarding differences between consolidated and nonconsolidated financial results for the fiscal year ended March 31, 2022 and the respective results for theprevious fiscal year.
1. Differences between consolidated financial results for the fiscal year ended March 31, 2022 and thefinancial results of the previous fiscal year

Results for thefiscal year ended
March 31, 2021 (A)Results for thefiscal year ended
March 31, 2022 (B)Difference (B－A)
Difference (%)

Ordinary
incomeProfitattributableto owners of
the parent

Net sales

Gross profit

OperatingincomeEarnings
per share

millions of yen

millions of yen

millions of yen

millions of yenmillions of yenyen

625,245

114,600

21,91622,854

18,829151.91

780,557

139,494

35,26336,49725,939213.46

155,31224,894

13,346

13,643

7,109

―

24.8%

21.7%

60.9%

59.7%

37.8%

―

Note: At the beginning of the fiscal year ended March 2022, the Company adopted the AccountingStandard for Revenue Recognition (Accounting Standards Board of Japan (ASBJ) Statement No.
29, March 31, 2020). Results for the fiscal year ended March 2021 reflect a retroactive applicationof this accounting standard.

2. Differences between non-consolidated financial results for the fiscal year ended March 31, 2022 andthe financial results of the previous fiscal year
Net sales
Results for the fiscal year
ended March 31, 2021 (A)Results for the fiscal year
ended March 31, 2022 (B)Ordinary income

Net income

millions of yen

millions of yen

millions of yen

204,296

10,346

14,707249,233

12,31912,981

Difference (B－A)

44,937

1,973(1,725)Difference (%)

22.0%

19.1%

(11.7%)

3. Reasons for Differences(Differences between consolidated financial results for the fiscal year ended March 31, 2022 and thefinancial results of the previous fiscal year)
In addition to the following details described in the reasons for differences between the non-consolidated
financial results for the fiscal year ended March 31, 2022 and the financial results for the previous fiscalyear, the consolidated financial results for the fiscal year ended March 31, 2022 differed from thefinancial results of the previous fiscal year in terms of net sales due to strong performance of nutritionrelated business, among other factors.
For details, refer to Consolidated Financial Statements for the Fiscal Year Ended March 31, 2022 <UnderJapanese GAAP>, released today.
(Differences between non-consolidated financial results for the fiscal year ended March 31, 2022 and thefinancial results of the previous fiscal year)
In addition to the recovery of automobile-related business, which experienced a significant negative
impact of the COVID-19 in the previous fiscal year, the non-consolidated financial results for the fiscalyear ended March 31, 2022 differed from the financial results of the previous fiscal year in terms of net
sales due to strong performance of electronics-related business and resins business, among other factors.