Financial Results for FYE 3/2022

May 10th, 2022
STELLA CHEMIFA CORPORATION
Securities code: 4109

Index【Financial Results】【Reference Material】（Corporate Profile ・ Introduction of Our Business）

・Performance Highlights

P. 3

・Corporate Profile

P. 20

・Financial Summary

P. 4－13・Subsidiaries & Associates

P. 21

・Financial Forecast

P. 14－17・Introduction of Our BusinessP. 22－35

・Shareholder Return

P. 18

2

Performance Highlights[FYE 3/2022 Results]
 Both domestic and overseas sales of Semiconductors and LCDs increased year on year.
 The price of anhydrous hydrofluoric acid(AHF), a key raw material, rose year on year.
 A gain on sale of shares of subsidiaries and affiliates was recorded from the transfer ofshares of Fect Co., Ltd. (an equity method affiliate) and the sale of some shares of Stella
Pharma Corporation.

[FYE 3/2023 Forecast] Semiconductors and LCDs are expected to remain strong.
 Since equity method affiliates in China are expected to continue posting strong sales ofelectrolytes for lithium-ion rechargeable batteries, equity method investment income isexpected to be recorded.
3

Financial Summary
Though the revenue recognition standard has been
adopted from FYE3/2022, this standard was not applied
to FYE3/2021. *The same also applies to pages 5 to 8.

Percentage
Increase/
Decrease

FYE 3/2021

FYE 3/2022

Increase/
Decrease

Sales Revenue

32,89337,296

4,403

13.4

Gross Profit

8,213

8,902

689

8.4

Operating Profit

4,081

4,583

502

12.3

Ordinary Profit

4,020

5,707

1,686

42.0

Profit Attributable to Owners of
Parent

2,959

5,364

2,405

81.3

Earnings Per Share (yen)230.70422.97

Dividend (yen)47

60

ROE (%)

8.4

13.7(million yen)4

Sales Revenue and Operating Profit
by Business Segment
Sales Revenue

FYE 3/2021

FYE 3/2022(million yen)
High-Purity
ChemicalBusiness

Operating Profit
Increase/
Decrease

FYE3/2021

Amount％FYE3/2022

Increase/
DecreaseAmount

％28,40432,330

3,925

13.8

4,201

4,776

575

13.7

4,069

4,676

607

14.9

593

764

170

28.8

MedicalBusiness

205

100

-105

-51.4

-644

-729

-84

‐

Other

213

189

-23

-11.1

26

20

-5

-22.0

‐

‐

‐

‐

-95

-248

-153

‐

32,89337,296

4,403

13.4

4,081

4,583

502

12.3

Transportation
Business

Eliminations andCorporate

Total

5

Sales Revenue of High-Purity
Chemical Business (Breakdown)

FYE 3/2021

FYE 3/2022(million yen)

Increase/
Decrease

Percentage
Increase/
Decrease

Other

947

827

-120

-12.7

Alternatives for
CFCs

4,099

4,972

873

21.3

Batteries

2,364

1,874

-489

-20.7

Surface Treatment

Semiconductors/
LCDs

16,283

17,8591,576

9.7

Semiconductor
Devices

696

832

136

19.6

Catalysts

Sales Revenue Constituent Ratioof High-Purity Chemicals

852

959

107

General14%

Products
9%

Alternatives for
CFCs
16%

Batteries

Sales Revenue
32.3 billion Yen（Abroad 56.6%）

6%

Semiconductors/LCDs
55%

Semiconductors/LCDs Shipping Ratio by Country
100%

12.6

Other
Singapore

Gypsum

175

149

-25

-14.7

General Products

2,067

2,980

913

44.2

Other

918

1,873

955

104.0

TaiwanSouth Korea
Japan

FYE 3/2021

Total

28,40432,3303,925

FYE 3/2022

13.8
6

Analysis of Operating Profit（Year on year）
Including increased shipments of
Semiconductors/LCDs Business andEnriched boron for nuclear use (+)

Including decrease in Depreciation(+)(million yen)

4,583

Higher raw material prices (－)

4,081

Higher selling prices (+)

High-Purity Chemical Business ＋5757

Change of Quarterly Operating Profit(million yen)
1,400

1,116

1,200
1,000

884

847

800

653

1,179

1,291

1,156

1,072 1,062

902

757

600

400

148

200
0

FYE 3/2020

FYE 3/2021

FYE 3/2022

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

Sales
Revenue

9,733

7,406

7,591

8,998

8,222

8,389

8,315

7,965

8,896

9,212

9,015

10,171

Operating
Profit

847

148

653

757

884

902

1,116

1,179

1,291

1,156

1,072

1,062

Operating
Profit Margin

8.7%

2.0%

8.6%

8.4%

10.8%

10.8%

13.4%

14.8%

14.5%

12.5%

11.9%

10.4%

8

Transitions in Trade Statistics Value ofAnhydrous Hydrofluoric Acid(AHF)( yen/kg )
300

250

200

150

100
1Q

(yen/kg)
Average
Price

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

FYE 3/2018

FYE 3/2019

FYE 3/2020

FYE 3/2021

FYE 3/2022

FYE 3/2018

FYE 3/2019

FYE 3/2020

FYE 3/2021

FYE 3/2022

209

220

186

168

225

Source: Prepared by our company based on the Ministry of Finance’s “Trade Statistics of Japan” (http://www.customs.go.jp/toukei/info/)9

Change of Shipping Volume of High-Purity
Hydrofluoric Acid (Semiconductors and LCDs)(t)
100,000
90,000Full-year 94,100
Full-year 83,400

80,00070,00060,000

2nd Half 48,400

Full-year 75,100

Full-year 69,300

Full-year 71,100

2nd Half 32,700

2nd Half 35,700

1st Half 36,600

1st Half 35,400

1st Half 36,700

FYE 3/2020

FYE 3/2021

FYE 3/2022

2nd Half 43,700

50,000

2nd Half 38,400

40,00030,00020,000

1st Half 39,700

1st Half 45,700

10,0000

FYE 3/2018

FYE 3/201910

Balance SheetFYE 3/2021
End-of-YearFYE 3/2022
End-of-Year

Increase/
Decrease

Percentage
Increase/
Decrease

Assets52,93356,5983,664

6.9

Cash and deposits

15,56815,895327

2.1

Operating receivables

8,483

8,642

159

1.9

Inventory assets

4,872

5,271

398

8.2

21,564

21,667

103

0.5

516

375

-141

-27.3

16,175

13,869-2,305-14.3

Operating liabilities

3,026

3,522

495

16.4

Interest-bearing liabilities

8,862

5,594

-3,267-36.9

Net Assets

36,75842,728

5,969

16.2

Equity capital

36,22042,170

5,949

16.4

Liabilities and Net Assets

52,93356,5983,664

6.9(million yen)

Property, plant, and equipment

Intangible assets
Liabilities

11Interest-Bearing Liabilities and D/E Ratio( million yen )(-fold )20,0000.40

0.35

Balance of interest-bearing liabilities

0.34

D/E ratio (-fold)

0.33

15,0000.30

0.24

10,00010,857

11,06911,184

0.20

8,862

0.13

5,594

5,000

0

0.10

0.00

FYE 3/2018

FYE 3/2019

FYE 3/2020

FYE 3/2021

FYE 3/2022
12

Statement of Cash Flows
Capital Expenditures, Depreciation & Amortization,
Research & Development Expenses(1) Consolidated Statement of Cash Flows(million yen)

FYE 3/2021

FYE 3/2022

Cash Flows from Operating Activities

7,352

5,403

Cash Flows from Investing Activities－2,464－5,674

4,887

-271

－3,00494

Net Increase (Decrease) in Cash and Cash Equivalents

1,954

292

Cash and Cash Equivalents, Beginning of Period

13,291

15,254

Cash and Cash Equivalents, End of Period

15,245

15,538(2) Capital Expenditures, Depreciation & Amortization,
Research & Development Expenses

FYE 3/2021

FYE 3/2022

Capital Expenditures

1,818

2,648

Depreciation & Amortization

3,039

2,713

793

744

Free Cash Flows (Operating CF + Investment CF)
Cash Flows from Financing Activities

Research & Development Expenses

13

Financial Forecast(million yen)

FYE 3/2022
ActualFYE 3/2023
Forecast

Increase/
Decrease

Percentage
Increase/
Decrease

Sales Revenue

37,29637,500203

0.5Operating Profit

4,583

4,600

16

0.4

Ordinary Profit

5,707

5,800

92

1.6

Profit Attributable to Owners of
Parent

5,364

4,200

-1,164-21.7

Earnings Per Share (yen)422.97335.63

60

60

13.7

9.6

Capital Expenditures

2,648

4,900

2,251

85.0

Depreciation & Amortization

2,713

2,500

－213

－7.9

744

600

-144

19.4

Dividend (yen)ROE (%)

Research & Development Expenses

14Forecast on Sales Revenue andOperating Profit by Business Segment

Sales Revenue
FYE 3/2022
ActualFYE 3/2023
Forecast

32,330Operating Profit
Increase/
Decrease

FYE 3/2022
ActualFYE 3/2023
Forecast

Amount％Amount％32,930

599

1.9

4,776

3,990

-786

-16.5

4,676

4,370

－306

－6.6

764

570

－194

－25.5

MedicalBusiness

100

-

-100

-

－729

-

729

-

Other

189

200

10

5.6

20

30

9

43.2

-

-

-

-

－248

10

258

-

37,29637,500

203

0.5

4,583

4,600

16

0.4

(million yen)
High-Purity
ChemicalBusiness
Transportation
Business

Eliminations
and Corporate

Total

Increase/
Decrease

15

Change in Classification ofHigh-Purity Chemical BusinessIn the High-Purity Chemical Business, we have used nine categories for presentation. However, in light of the current
business strategy and business scale, we will change the number of categories to six as shown in the following table fromthe fiscal year ending March 2023.
New categories in High-Purity Chemical Business (from the fiscal year ending March 2023)
New categories (six)Semiconductors
EnergyElectronic Materials

General Products

Industrial Hydrofluoric Acid

Purchased Goods

New categories in detail(Reference)
Old categories

High-purity Hydrofluoric Acid for
Semiconductors/LCDs

Semiconductors/
LCDs

Fluoride materials for batteries

Batteries

Enriched Boron

General Products

Fluoride materials for raw materials used
for semiconductor devices/capacitors

Semiconductor
Devices

R&D Products(Phosphor materials etc)

General Products

Fluoride materials for catalysts

Catalysts

Fluoride materials for toothpaste(Tin Fluoride）

General Products

Other Fluoride materials

General Products

Hydrofluoric Acid for surface treatment

Surface
Treatment

Anhydrous Hydrofluoric Acid foralternatives for CFCs

Alternatives for
CFCs

GypsumGypsumAnhydrous Hydrofluoric Acid foralternatives for CFCs(Purchase & Sale)

Alternatives for
CFCs

Purchased Goods

Other

16

Sales Revenue Constituent Ratio(million yen)
Semiconductors

FYE
3/2021
Actual

16,283FYE
3/2022
Actual

17,859FYE
3/2022
Forecast

19,570

Increase/
Decrease(23/3Forecast22/3Actual)

1,710

Percentage
Increase/
Decreaseof High-Purity Chemicals
Purchased
Goods

Industrial

Hydrofluoric Acid 14%

Sales Revenue
32.93 billion Yen（Abroad 57.0%）

11%

9.6

General

Semiconductors
59%

Products

2,860

Energy

3,121

1,500

△1,621△51.9

7%

Electronic Materials 4%
EnergyElectronic Materials

813

1,280

1,320

39

5%

3.1

Semiconductors Shipping Ratio by Country

General Products

2,305

2,246

2,440

193

8.6

Industrial
Hydrofluoric Acid

3,175

3,919

3,600

△319

△8.1

Purchased Goods

2,966

3,904

4,500

595

15.3

28,40432,33032,930

599

1.9

合計

Japan
Singapore

South Korea
Other

Taiwan100%

FYE 3/2021

FYE 3/2022

FYE 3/2023

ActualActualForecast

17

Shareholder Return
Stella Chemifa’s basic policy is to provide stable and continuous dividend payments, giving comprehensive

consideration to factors including its financial condition and profit level. Retained earnings will be allocatedto capital investment and R&D investment, and will be proactively utilized for future business development
to enhance corporate value.
 FYE3/2022

 Annual dividend: 60 yen per share (Annual dividends 50yen,Special dividends 10yen)
 The Company repurchased 300,000 of its own shares,
worth 840 million yen.

 FYE3/2023

 Annual dividend forecast: 60 yen per share

65

17.9

Special dividends

60

Annual dividends (yen per share)

55

Dividend payout ratio（%）

50

30.2

10

20.4

24.7

14.2

45

40
35

45

45

47

50

60

FYE3/2019

FYE3/2020

FYE3/2021

FYE3/2022

FYE3/2023(Forecast)

30

50.0
45.0
40.0
35.0
30.0
25.0
20.0
15.0
10.0
5.0
0.0

18

Reference Material（Corporate Profile ・ Introduction of Our Business）

Corporate Profile(as of March 31, 2022)
Corporate NameSTELLA CHEMIFA CORPORATIONHead Of f ice

Meiji Yasuda Seimei Osaka Midosuji Bldg. 10F,
4-1-1 Fushimi-machi, Chuo-ku, Osaka City, Osaka

Founded/EstablishedFebruary 1916 / February 1944

Capital Fund

4,829,782,512 yen

Representatives

Representative Director, President and Chief Executive Officer: Aki Hashimoto
Representative Director, Senior Managing Director(Products Management Group): Kiyonori Saka

U

R

L

https://www.stella-chemifa.co.jp/english/

Number of Employees

286

Sales Department

Osaka Sales Department (Chuo-ku, Osaka city, Osaka)
Tokyo Sales Department (Chiyoda-ku, Tokyo)

F a c t o r y

Sanpo Factory(Sakai-ku, Sakai City, Osaka)
Izumi Factory (Izumiotsu City, Osaka)
Kitakyushu Factory (Yahatanishi-ku, Kitakyushu City, Fukuoka)
20

Subsidiaries & Associates

At home (3 companies)
Transportation BusinessBLUE EXPRESS, Inc.

Sakai-ku, Sakai City, OsakaO t h e r

B u s i n e s sBLUE AUTO TRUST Co., Ltd.

Sakai-ku, Sakai City, Osaka

MedicalBusiness

STELLA PHARMA CORPORATION*

Chuo-ku, Osaka city, Osaka

Abroad (６ companies)
High-Purity Chemical Business

STELLA CHEMIFA SINGAPORE PTE LTD

Singapore

Transportation Business

STELLA EXPRESS (Singapore) PTE LTD

Singapore

High-Purity Chemical BusinessBlue Express (Shanghai) International Trade Inc.

China

Transportation BusinessBlue Express (Shanghai) International Freight Forwarding Co., Ltd.

China

High-Purity Chemical Business

Zhejiang Blue Star Chemical Co., Ltd.

China

High-Purity Chemical Business

Quzhou BDX New Chemical Materials Co., Ltd.

China

* On March 9, 2022, Stella Pharma Corporation, which was our consolidated subsidiary,
became an equity method affiliate of the Company due to sale of some of its shares.
21

Introduction of Our Business
Manufacture and applications of hydrogen fluoride

CaF2+ H2SO4 =2HF

Calcium fluoride(Fluorite)

Concentrated
sulfuric acid

Hydrogenfluoride* There are five main grades of fluorite purity,and for semiconductor applications, highquality fluorite with a purity of 97% or higher
is required.

+ CaSO4
Calcium
sulfateConcretematerials, etc.

Reaction and refinement using our proprietary technology

Treatment of
surface such as
stainless steel

Raw materials
such asalternatives for
CFCs

Etching agent for
semiconductor
liquid crystals

Materials forlithium-ion
secondarybatteries

Camera lens materials
for semiconductor
manufacturing
equipment

Reaction catalyst
Other products

22

Introduction of Our Business
High-Purity Chemical Business
Surface Treatment

Manufacture and sale of chemicals used for acid cleaning of stainless steel andslimming of LCD panels

Alternatives for CFCs

Manufacture and sale of hydrofluoric anhydride, raw materials for CFCs andfluoropolymers

B a t t e r i e s

Manufacture and sale of additives to improve the performance of lithium-ion
secondary batteries

Semiconductors/LCDs

Manufacture and sale of chemicals for etching and cleaning in the semiconductorand LCD panel manufacturing processes

Semiconductor Devices

Manufacture and sale of raw materials for camera and stepper lenses, tantalum
production aids for tantalum capacitors, etc.

C a t a l y s t sManufacture and sale of a range of chemicals and catalysts for the manufacture ofpharmaceutical intermediates, etc.

G

Sale as raw material for concrete, etc. (Byproduct of hydrofluoric acid production)

y

p

s

u

m

General Products

Manufacture and sale of Enriched Boron (Boron-10) , fluorine compounds for
toothpaste, etc.

O

Sales of purchased goods, etc.

t

h

e

r

23

Introduction of Our Business- Semiconductors/LCDs -* This will be a new category called "Semiconductors" fromthe fiscal year ending March 2023.

Ultra-High Purification Technology••

Impurity levels of less than 1 ppt (1×10-12) are controlled by ultra-purification and ultra-cleaning
technologies
Mass production of ultra-pure chemicals for ultra-high integrated circuit

Ultra High Purity•

Hydrofluoric acid (HF) is the only chemical capable of etching out silicon oxide film•

Chemical solutions are indispensable to the semiconductor manufacturing process andrequire ultra-high purity

Hydrofluoric Acid

Ultra High Purity Buffered
Hydrofluoric Acid•

In particular, dilute hydrofluoric acid is used in a number of semiconductor processes•

Mixed aqueous solution of hydrofluoric acid (HF) and ammonium fluoride (NH4F)•

Mainly used in processes such as etching and cleaning of insulation films•

Chemicals with etch rates ranging from tens of Å/min to thousands of Å/min can be produced

Example of Application (Photolithography Process)(1) Photoresist coating
on silicon wafer(heat drying)(2) ExposureLight(3) Development(4) Etching(Dissolve silicon oxide filmwith hydrofluoric acidchemicals)(5) Photoresist
stripping

Photoresist
Silicon oxide film

Silicon substrate24

Introduction of Our Business- Semiconductors/LCDs -* This will be a new category called "Semiconductors" fromthe fiscal year ending March 2023.

Production capacity of High Purity Hydrofluoric Acid for Semiconductors
Kitakyushu Factory

Kitakyushu City, Fukuoka

30,000 t /year

Sanpo Factory

Sakai City, Osaka

65,000 t /year

STELLA CHEMIFASINGAPORE

Singapore

10,000 t /year

105,000 t /year* As a comprehensive manufacturer of fluorine compounds, we use our own
technology to do everything from manufacturing to filling.
25

Introduction of Our Business- Batteries -Additives* This will be a new category called “Energy" fromthe fiscal year ending March 2023.

 Additive for electrolytic solution to improve the performance oflithium-ion secondary batteries
 High-temperature endurance・High conductivity・
Increased capacity・Low resistance・Flame retardance

Lithium Hexafluorophosphate High-purity electrolytes for lithium-ion secondary batteries

Izumi Factory's manufacturingbuilding (Izumiotsu City, Osaka)* Manufacture and sale at our affiliate company in China (Quzhou BDX New Chemical Materials Co., Ltd. )Example of materials used in lithium-ion secondary batteries
Additives

Positive andnegative electrodeSeparator

Current
collector

Electrolyte

BinderProtective IC

PTC element

Action on the Development of Materials for
the Next-Generation Battery

Quzhou BDX New Chemical
Materials Co., Ltd. (China)[Metal-ion secondary batteries]

High-purity electrolytes for sodium-ion secondary batteries(sodium hexafluorophosphate)[All-solid secondary batteries]

Fluoride materials for all solid-state batteries[Fluoride-ion secondary batteries]

Fluoride-ion conductor material

26

Introduction of Our Business- Enriched Boron -* This will be a new category called “Energy" fromthe fiscal year ending March 2023.

Enriched Boron (Boron-10) and its features
 Natural boron is made up of two isotopes, boron-10(20%) and boron11(80%)
 Developed technology to enrich boron-10 to over 99%
 Established mass production technology of enriched boron for the first timein Japan(2000)
 Boron-10 has an extremely high capacity to absorb neutrons, and further
enriching it can increase its ability to absorb neutrons.

Production capacity
Enrichment plant(Izumiotsu City, Osaka)

Production Capacity

Products

6,000kg

Enriched Boron

10B

Enriched Boric Acid

H310BO3

36,000kg

K10BF475,000kg

Enriched Potassium
tetrafluoroborate

27

Introduction of Our Business- Enriched Boric Acid -* This will be a new category called “Energy" fromthe fiscal year ending March 2023.

Applications of Enriched Boron Compounds
 Neutron-absorbing material of spent nuclear fuel transportation and storage containers Material of control rods of nuclear reactors and rack material of spent nuclear fuel pools Excess reaction control of pressurized-water reactors by dissolving into primary coolingwater
 Water source for facilities responding to specific major accidents, etc.
 Raw material for cancer treatment drugs (BNCT: Boron Neutron Capture Therapy)

Advantages of Using Enriched Boric Acid
(1) Improvement of corrosive environment in nuclear reactors
Required 10B concentration can be secured at 1/5 of natural products.
Operation at low concentration is possible, and corrosion in facilities can be reduced.
(2) Reduction of storage costs
Heating and heat retention are required to maintain the dissolution of boric acid water.
Enriched boric acid realizes the reduction in concentration, and reduces the problem of heatretention.
In addition, the storage tank can be made smaller.
(3) More reliable control
In the event of an emergency stop, more reliable control is possible, and since boric acid isharmful to the human body and the environment, the reduction of overall amount of boric
acid is an advantage.
28

Introduction of Our Business- GMP-related -* This will be a new category called “General Products"from the fiscal year ending March 2023.

Tin Fluoride 2017
The GMP inspection by USFDA for tin fluoride, an active ingredient of OTC anticaries drugs, wascompleted, and obtained official approval.
 2018Started marketing of “tin fluoride” as a GMP-compliant product.

<Actions of fluorine on teeth>■ To suppress Streptococcus mutans from producingacid (Cavity prevention)■ To promote tooth remineralization■ To form acid-resistant teeth (to form fluorapatite)* We expect to see big demand mainly inEurope and the US, where there is strong
Izumi Factory's manufacturing building
interest in dental health and beauty.
(Izumiotsu City, Osaka)*

What is FDA?

FDA stands for Food and Drug Administration in the U.S.
(A public agency, similar in function to the Ministry of Health, Labour and Welfare in Japan)*

What is GMP?

It stands for “Good Manufacturing Practice”, which refers to a common standard for manufacturing and quality control of drugs and quasi-drugs.

29Introduction of Our Business- New Initiatives -Chemicals for semiconductors
 DRAM is increasingly being miniaturized Flash memory is becoming multi-layered and undergoing a process change to reduce
costs, such as CUA (CMOS Under Array) We will propose and develop highly functional chemicals tailored to customers, such as
CMOS image sensors that are becoming increasingly sophisticated.

Development andproposal of highly
functional chemicals

30

Introduction of Our Business- New Initiatives Mini LED market/× 106 units

Phosphor-related Materials

Development of highly efficient and long-life fluoride phosphor
materials using our core technologies
Research on the use of mini LEDs for automotive display applications is
attracting attention.
 Red phosphor materials

LSA-61A

 Phosphor materials

NSM, PBFS Filler for LED sealant

MgF2, CaF2 nanoparticles

LCD
Color
filterLiquidcrystal

Backlight

25

20
15
10
5
0

2020

OLED
Self-light-emittingorganic material

Source: Yano Research Institute2019 LED Display Market and Future Prospects

30

2022

Mini LED
Color
filterLiquidcrystalMini LED
backlight

2024

2027

Micro LED
Phosphor sheet
Blue LED

Micro LED

Structural
diagram

Brightness

×

△

〇

〇

〇

Life

〇

×

〇

〇

〇

-40 to 100°C-30 to 80°C

-40 to 100°C-40 to 100°C-40 to 100°C

Done

Done

Under development

Under development

In the future

Working
temperature
Status ofdevelopment

31

Introduction of Our Business- New Initiatives -PCB Materials (Low Dielectric Constant Materials)
As materials for high-frequency communication devices, used as additives (fillers) to resin and other materials for substrates.

4G resin materials

(%)
PI

PPE

EPOXY

4G
5G, beyond 5G resin materials
5G
3G
6G
2G
Figure. Forecast percentage of networks
in global mobile networks

Fiscal year

(our forecast based on The Mobile Economy 2020)

MPI:There is room for improvement
in dielectric properties

LCP:There are issues in formability

Fluororesin:There are issues in formability
mixturePPS
Filler powder:There are issues in heat
resistanceHigh frequency
signal transmission(copper wiring)

Adhesion layer

Substratesurface

Appearance of developed filler(SHF series)

Filler for suppression of dielectric loss
(transmission loss inside the substrate)

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Introduction of Our Business- Other product examples Optical Material-Related(Product information)◆Calcium Fluoride◆Aluminum Fluoride◆Magnesium Fluoride ◆Lead Fluoride◆Lithium Fluoride◆Strontium Fluoride◆Barium Fluoride

Reactive Catalyst-Related◆High Purity Boron Trifluoride◆Boron Trifluoride Diethyl Ether◆Boron Trifluoride n-Butyl Ether◆Boron Trifluoride Tetrahydrofuran◆Boron Trifluoride Monoethyl Amine ◆Boron Trifluoride Piperidine◆Boron Trifluoride Dimethyl Ether◆Boron Trifluoride Phenol◆Triethylamine 3HF

Surface Treatment, Alternatives for CFCs-Related

Nuclear Energy-Related◆Anhydrous Hydrofluoric Acid

◆10B Enriched Potassium Fluoroborate◆ 10B Enriched Boric Acid

◆55% Hydrofluoric Acid

Other Products◆Fluorosilicic Acid
◆Potassium Fluorosilicate◆Fluoroboric Acid
◆Tin Fluoroborate◆Copper Fluoroborate◆Lead Fluoroborate◆Zinc Fluoroborate◆Sodium Fluoroborate◆Potassium Fluoroborate◆Ammonium Hydrogenfluoride◆Sodium Fluoride◆Potassium Fluoride◆Ammonium Fluoride◆Potassium Hexafluorozirconate◆Potassium Hexafluorotitanate ◆Refined Calcium Fluoride ◆Potassium Hexafluorophosphate

Newly-Developed Products◆Detergents Contributing to Increase in Chemical Lifetime ◆Detergents Suppressing Etching of Silicon Nitride Film
◆Detergents Inhibiting Silicon and Polysilicon Damage◆Battery-Related（ Ionic Liquids, Electrolytes for Sodium Ion Batteries - Sodium Hexafluorophosphate,
Additives for Lithium-Ion Batteries,）◆Various Fluoride Nanoparticles Dispersant (Magnesium, Lithium, Ytterbium, Calcium, CNP-P)◆Phosphor materials◆Nuclear Energy Industry◆5G/6G (Information Communication Systems), Printed Circuit Board◆Special-Purpose Inorganic Fluorine Compounds◆Fluorinated Carbon Nano-Tubes

33

Introduction of Our Business* For details, please visit the website.

34

Introduction of Our Business- Transportation Business (HP URL)

Transportation BusinessBLUE EXPRESS, Inc.

T r a n s p o r t

Land transport ・Marine transport・Rail transport

Customs Clearance

Customs clearance ・Loading and Unloading

Warehousing

Providing multi-functional warehouses fully equipped with the latest systems

Supplying large and pressurized containers that meet ISO specifications,
medium-size IBC pressurized containers, as well as IBC containers with UN
Container services
specifications,and also offering services for cleaning, repairing and leasing thecontainers
Customs
clearance sites

Shipping terminals

Overseas Bases

Ohama OfficeSendai Office

Singapore

Osaka Office

Kanto Office

China(Shanghai)

Yokohama Office

Yokohama OfficeShimizu Office
Nagoya Office

Ohama Office
Kobe Office
Kitakyushu Office35