May 13, 2019

Summary of Consolidated Financial Statements
Denka Company Limited
1. Consolidated Financial Results For Fiscal Year 2018 ( April to March )(1) Consolidated Results of Operations (Accumulated Total)
Net Sales(Percentages show rate of change compared with the same term of the previous year)
Profit attributable
Operating Income
Ordinary Income
to owners of parent(Millions of Yen)％

(Millions of Yen)％

(Millions of Yen)％

(Millions of Yen)％FY2018 April to March

413,128

4.4

34,2281.7

32,811

4.2

25,0468.7

FY2017 April to March

395,6299.133,652

30.2

31,49936.0

23,03526.9(Note) Comprehensive income
FY2018 April to MarchFY2017 April to March(Millions of Yen)

19,543 ( △25.1％)
26,081 ( 28.7％)
Net income per share Net income per share(basic)
(Yen)

(Yen)

286.18261.80FY2018 April to MarchFY2017 April to March

Return on Equity Return on Assets Operating Income Ratio(diluted)

-(％)

(％)

(％)

10.3
10.0

6.9
6.8

8.3
8.5

The Company has consolidated its shares in the proportion of 5 common shares to 1 common share, effective as of October 1, 2017.
Net income per share is calculated under the assumption that the consolidation of shares was implemented at the beginning of the preceding fiscal year.

(Reference) Equity in earnings of affiliates(Millions of Yen)

1,384
1,105

FY2018 April to MarchFY2017 April to March(2) Consolidated Financial Position

Total Assets

Equity Ratio

Net Assets per Share(Millions of Yen)％(Yen)

483,827
473,799

250,481242,78051.0
50.5

2,839.16
2,727.94

Cash Flow fromOperating Activities

Cash Flow from
Investing Activities

Cash Flow from
Financing Activities

Cash and Cash Equivalents(Millions of Yen)

(Millions of Yen)

8,408

13,889At end of March 2019
At end of March 2018
(Reference) Shareholder's equity
At end of March 2019
At end of March 2018

Net Assets(Millions of Yen)

(Millions of Yen)

246,861
239,063(3) Consolidated Statements of Cash Flows(Millions of Yen)FY2018 April to March

32,660FY2017 April to March

48,776(Millions of Yen)

△ 26,176△△ 15,858△ 29,298

14,101

2. Dividends
Dividend per share
End of 1st Quarter

(Yen)

(Yen)

FY2017 Apr to Mar
FY2018 Apr to Mar
FY2019 Apr to Mar ( Forecast )-10.0060.00
60.00

Total Dividend

Year-end

End of 1st Half End of 3rd Quarter(Yen)-Annual(Annual)

(Yen)

(Yen)

55.00
60.00
65.00

120.00125.00

PayoutRatio(Millions of Yen)

9,206
10,479Dividend on
equity ratio
％％

40.1
41.9
40.3

4.0
4.3

The Company has consolidated its shares in the proportion of 5 common shares to 1 common share, effective as of October 1, 2017. As for the year-end dividends for thefiscal year ending March 31, 2018, we quote the amount that takes into account the impact of the said share consolidation.
The actual dividend that take into account the share consolidatiion for the fiscal year ending March 31, 2018 is as follows
Cash dividends per share (end of 2Q) : 50.00 yen( Annual ) : 105.00 yen

3. Consolidated Forecasts for the Fiscal Year Ending(Percentages show rate of change compared with the same term of the previous year)
Profit attributable
Net Income Per Share
Operating Income Ordinary Income
to owners of parent

Net Sales

FY2019 1st Half Apr to Sep
FY2019 Apr to March(Millions of Yen)％

(Millions of Yen)％

(Millions of Yen)％

(Millions of Yen)％(Yen)

195,000
415,000△1.7

15,00038,0002.7

14,00036,000△6.5

10,50027,000△7.8

120.76
310.53

0.5

11.0

9.7

7.8