Disclaimer: This document is an English translation of the original document in Japanese and has been
prepared solely for reference purposes. In the event of any discrepancy between this English
translation and the original in Japanese, the original shall prevail in all respects.

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2024
[Under Japanese GAAP]May 10, 2024
Company name: STELLA CHEMIFA CORPORATION
Listing: Tokyo Stock Exchange
Securities code: 4109
URL: https://www.stella-chemifa.co.jp
Representative: Aki Hashimoto, Representative Director, President and Chief Executive Officer
Inquiries: Yasuhiko Nakashima, Director, Executive Officer and General Manager, Accounting Department
Telephone: +81- 6-4707-1512
Scheduled date of annual general meeting of shareholders: June 27, 2024
Scheduled date to commence dividend payments: June 6, 2024
Scheduled date to file annual securities report: June 28, 2024
Preparation of supplementary material on financial results: Yes
Holding of financial results briefing: Yes (for institutional investors)(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2024 (April 1, 2023 - March 31, 2024)(1) Consolidated Operating Results(Percentages indicate year-on-year changes.)
Profit attributable toSales revenue
Operating profit
Ordinary profit
owners of parent
Fiscal year ended
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
March 31, 2024
30,446 (14.0)
2,722(22.5)
3,064(29.5)
1,845(19.1)March 31, 2023
35,382(5.1)
3,514(23.3)
4,347(23.8)
2,280(57.5)(Note) Comprehensive income: For the fiscal year ended March 31, 2024: ¥2,444 million [(6.3)%]
For the fiscal year ended March 31, 2023: ¥2,609 million [(54.0)%]
DilutedRatio ofRatio of
Basic earnings
Return on
earnings
ordinary profit
operating profit
per share
equityto total assets
to sales revenue
per share
Fiscal year ended
Yen
Yen
%
%
%
March 31, 2024
153.48
－
4.2
5.4
8.9
March 31, 2023
186.03
－
5.4
7.8
9.9
(Reference) Share of profit (loss) of entities accounted for using equity method:
For the fiscal year ended March 31, 2024: ¥(302) million
For the fiscal year ended March 31, 2023: ¥329 million(2) Consolidated Financial Position
Total assets

Net assets

Millions of yen

Equity-to-asset ratio

Millions of yen

58,618
As of March 31, 2024
55,471
As of March 31, 2023
(Reference) Equity: As of March 31, 2024: ¥44,261 million
As of March 31, 2023: ¥42,875 million

44,501
43,162

Net assets per share

%

Yen

75.5
77.3

3,679.90
3,568.67(3) Consolidated Cash Flows

Fiscal year ended
March 31, 2024
March 31, 2023

Cash and cash
equivalents at theend of period

Cash flows fromoperating activities

Cash flows frominvesting activities

Cash flows fromfinancing activities

Millions of yen

Millions of yen

Millions of yen

Millions of yen

6,542
5,634

(5,831)(3,281)(141)(3,717)

15,846
14,728

2. Cash Dividends
Annual dividends
SecondThird
Fiscalquarter- quarteryearend
end
end

First
quarterend
Fiscal year ended
March 31, 2023
Fiscal year ended
March 31, 2024
Fiscal year ending
March 31, 2025
(Forecast)

Total

Total cash
dividends(Total)Payout ratio(Consolidated)

Ratio ofdividends to
net assets(Consolidated)

Yen

Yen

Yen

Yen

Yen

Millions of
yen

%

%

－

30

－

30

60

735

32.3

1.7

－

60

－

94

154

1,873

100.3

4.2

－

85

－

85

170

78.6

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025 (April 1, 2024 - March 31,
2025)(Percentages indicates changes from the previous corresponding period.)
Basic
Profit attributable toSales revenue
Operating profit
Ordinary profit
earnings
owners of parent
per share
Millions of yen

Full year

34,500% Millions of yen

13.3

3,650

% Millions of yen

34.1

3,550

% Millions of yen

15.8

2,600

%

Yen

40.9

216.16* Notes:(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change
in scope of consolidation): None
Newly included: – (Company name: –)Excluded: – (Company name: –)(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to revisions to accounting standards and other regulations: None
2) Changes in accounting policies due to other reasons: None
3) Changes in accounting estimates: None
4) Restatement: None
(3) Number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2024:
13,213,248 shares
As of March 31, 2023:
13,213,248 shares
2) Number of treasury shares at the end of the period
As of March 31, 2024:
As of March 31, 2023:

1,185,297 shares
1,198,814 shares

3) Average number of shares outstanding during the period
Fiscal year ended March 31, 2024:
12,024,712 sharesFiscal year ended March 31, 2023:
12,260,466 shares

(Reference) Overview of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2024 (April 1, 2023 - March 31, 2024)(1) Non-consolidated Operating Results(Percentages indicate year-on-year changes.)
Sales revenue
Operating profit
Ordinary profit
ProfitFiscal year ended
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
March 31, 2024
19,065(6.9)
1,733(30.9)
2,519 (29.9)
1,571 (12.8)
March 31, 2023
20,482(12.1)
2,509(41.4)
3,591 (28.6)
1,801 (57.9)

Fiscal year ended
March 31, 2024
March 31, 2023

Basic earnings
per share

Diluted earnings
per share

Yen

Yen

130.70146.97－－(2) Non-consolidated Financial Position
Total assets
Millions of yen

Net assets
Millions of yen

As of March 31, 2024
40,282As of March 31, 2023
38,505(Reference) Equity: As of March 31, 2024: ¥31,182 million
As of March 31, 2023: ¥30,668 million

31,18230,716Equity-to-asset ratio

Net assets per share

%

Yen

77.4
79.6

2,592.54
2,552.61* Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
* Explanation of the proper use of financial results forecast and other notes
The forward-looking statements in this document, including financial results forecasts, are based on the informationin current possession of the Company and the assumptions it believes are reasonable. They are not intended as theCompany’s promise to achieve them. Note also that actual financial results may differ significantly from them. For
the assumptions that form the basis of financial results forecasts and notes on their use, see “1. Overview of Operating
Results, etc. (4) Future Outlook” on page 3 of the Attachments.

Table of Contents - Attachments
1. Overview of Operating Results, etc. ..................................................................................................... 2(1) Overview of Operating Results for the Fiscal Year under Review ................................................... 2(2) Overview of Financial Position for the Fiscal Year under Review .................................................. 2(3) Overview of Cash Flows for the Fiscal Year under Review ............................................................. 3(4) Future Outlook ................................................................................................................................. 3(5) Basic Policy on Profit Distribution and Dividends for the Fiscal Year under Review and the Next
Fiscal Year .......................................................................................................................................... 4
2. Basic Policy on Selection of Accounting Standards ............................................................................. 4
3. Consolidated Financial Statements and Principal Notes ...................................................................... 5(1) Consolidated Balance Sheet ............................................................................................................. 5(2) Consolidated Statements of Income and Comprehensive Income ................................................... 7(3) Consolidated Statement of Changes in Net Assets ........................................................................... 9(4) Consolidated Statement of Cash Flows .......................................................................................... 11(5) Notes to Consolidated Financial Statements .................................................................................. 13(Notes on going concern assumption) ....................................................................................... 13(Segment information, etc.) ....................................................................................................... 13(Per share information) .............................................................................................................. 16(Significant subsequent events) ................................................................................................. 16

1

1. Overview of Operating Results, etc.
(1) Overview of Operating Results for the Fiscal Year under Review
During the fiscal year under review, the Japanese economy showed signs of a gradual recovery amid thenormalization of economic activity associated with the reclassification of COVID-19 as Class 5 and improving
employment and income conditions. However, the outlook remains uncertain due to concerns of the risk of adownturn in overseas economies, rising prices, the continued depreciation of the yen and other factors.
In this environment, the Group continued to supply a diverse range of fluoride products in line with theneeds of customers, as well as developing the chemical product distribution business based on the unique knowhow acquired in the transportation of special cargo.
In regard to the performance for the fiscal year under review, in the Semiconductors, shipment volume
declined due to deterioration in the semiconductor market, and shipment volume also fell in the Industrial
Hydrofluoric Acid and the General Products. As a result, sales revenue decreased to 30,446 millions of yen (down
14.0% year on year).
In terms of profits, having been buffeted by a decline in sales revenue, operating profit amounted to 2,722
millions of yen (down 22.5% year on year), ordinary profit amounted to 3,064 millions of yen (down 29.5% year
on year), profit attributable to owners of parent amounted to 1,845 millions of yen (down 19.1% year on year),mainly as a result of impairment losses that were recorded as extraordinary losses in relation to production
facilities for additives for lithium-ion secondary batteries in the High-purity Chemical Business.
<High-purity Chemical>
In the High-purity Chemical Business, despite higher sales prices, as a result of a decrease from the previous
fiscal year in the shipment volumes in the Semiconductors, a mainstay of the business, due to a decline in thesemiconductor market, sales revenue in the Semiconductors amounted to 18,341 millions of yen (down 3.7%
year on year). In addition, owing to a decrease in the shipment volumes in the Industrial Hydrofluoric Acid andthe General Products, sales revenue for the High-purity Chemical Business amounted to 26,019 millions of yen(down 15.3% year on year).
In terms of profits, operating profit amounted to 2,167 millions of yen (down 26.8% year on year) due tothe reduction in sales revenue.
<Transportation>
In the Transportation Business, sales revenue amounted to 4,252 millions of yen (down 5.6% year on year), as aresult of the decreased transportation-related transaction volume from the previous fiscal year.
In terms of profits, operating profit amounted to 548 millions of yen (up 2.9% year on year) due to a decreasein transportation-related costs.
<Other>In other business lines, sales revenue amounted to 174 millions of yen (up 2.1% year on year) as a result of anincrease in revenue from the insurance agency business from the previous fiscal year. However, operating profit
amounted to 18 millions of yen (down 39.3% year on year).

(2) Overview of Financial Position for the Fiscal Year under Review(Assets)
Current assets at the end of the fiscal year under review increased by 387 millions of yen (1.4%) from the end of
the previous fiscal year to 29,002 millions of yen. The main reason for this increase included an increase of 1,127
millions of yen in cash and deposits, despite decreases of 301 millions of yen in accounts receivable - trade andof 304 millions of yen in raw materials and supplies. Non-current assets increased by 2,759 millions of yen(10.3%) from the end of the previous fiscal year to 29,615 millions of yen. The main reasons for this increase
included an increase of 2,801 millions of yen in property, plant and equipment.
Consequently, total assets at the end of the fiscal year under review increased by 3,146 millions of yen from2the end of the previous fiscal year to 58,618 millions of yen.
(Liabilities)
Current liabilities at the end of the fiscal year under review decreased by 4 millions of yen (0.1%) from the endof the previous fiscal year to 8,890 millions of yen. The main reason for this decline included decreases of 232
millions of yen in income taxes payable and of 196 millions of yen in accounts payable - other. Non-current
liabilities increased by 1,812 millions of yen (53.1%) from the end of the previous fiscal year to 5,226 millionsof yen. The main reason for this increase included an increase of 878 millions of yen in long-term borrowings.
Consequently, total liabilities at the end of the fiscal year under review increased by 1,807 millions of yen
from the end of the previous fiscal year to 14,116 millions of yen.
(Net assets)
Total net assets at the end of the fiscal year under review amounted to 44,501 millions of yen, an increase of
1,339 millions of yen from the end of the previous fiscal year. The main reasons for this growth included
increases of 751 millions of yen in retained earnings and 529 millions of yen in foreign currency translation
adjustment.
Consequently, the equity-to-asset ratio was 75.5% (77.3% at the end of the previous fiscal year).

(3) Overview of Cash Flows for the Fiscal Year under Review
Cash and cash equivalents (hereafter “funds”) for the fiscal year under review increased by 1,118 millions of yen
from the end of the previous fiscal year and amounted to 15,846 millions of yen at the end of the fiscal year
under review.
The status of cash flows and their contributing factors for the fiscal year under review are as follows.
[Cash flows from operating activities]
Funds provided by operating activities amounted to 6,542 millions of yen (up 907 millions of yen year onyear).
The major components included profit before income taxes of 2,613 millions of yen, depreciation of
2,768 millions of yen, impairment losses of 447 millions of yen, decrease in trade receivables of 410
millions of yen, decrease in trade payables of 357 millions of yen, decrease in consumption taxes refund
receivable of 480 millions of yen, and income taxes paid of 1,010 millions of yen.
[Cash flows from investing activities]
Funds used in investing activities amounted to 5,831 millions of yen (up 2,550 millions of yen year on year).
The major components included purchase of property, plant and equipment of 5,701 millions of yen andpayments for retirement of property, plant and equipment of 155 millions of yen.
[Cash flows from financing activities]
Funds used in financing activities amounted to 141 millions of yen (a decrease of 3,575 millions of yen
from the previous fiscal year).
The major components included proceeds from long-term borrowings of 2,100 millions of yen,
repayments of long-term borrowings of 1,175 millions of yen, and dividends paid of 1,092 millions of yen.

(4) Future Outlook
Sales in the Semiconductors, which is a mainstay of the business, are expected to increase as a result of theeffects of the gradual recovery of the semiconductor market, and an increase in sales of enriched boron (boron10) used in nuclear energy-related facilities is expected in the Energy under the High-purity Chemical Business.
Accordingly, for the consolidated results of the next fiscal year, the Group forecasts sales revenue of 34,500
millions of yen (up 13.3% year on year), operating profit of 3,650 millions of yen (up 34.1% year on year),ordinary profit of 3,550 millions of yen (up 15.8% year on year), and profit attributable to owners of parent of3

2,600 millions of yen (up 40.9% year on year).
<Consolidated Results Forecast of the Group>
For the fiscal year ended
March 31, 2024
(Actual results)
Millions of yen
Sales revenue
30,446
Operating profit
2,722
Ordinary profit
3,064
Profit attributable to1,845
owners of parent

For the fiscal year ending
March 31, 2025
(Forecast)Millions of yen
34,500
3,650
3,550
2,600

Increase/Decrease
%
13.3
34.1
15.8
40.9

(5) Basic Policy on Profit Distribution and Dividends for the Fiscal Year under Review and the Next Fiscal Year
The Company’s basic policy for dividends of surplus is to make stable and continuous payments based on acomprehensive consideration of factors including the Company’s financial condition and profit level. In addition,
as disclosed in the Notice Concerning Formulation of Shareholder Return Policy dated May 9, 2023, for the
fiscal year ended March 31, 2024 and the fiscal year ending March 31, 2025, the Company’s new shareholder
return policy is to achieve a total return ratio of 100%.
With regard to the dividend for the fiscal year under review, based on the consolidated financial results, theCompany has determined an annual dividend of 154 yen per share comprising a year-end dividend of 94 yen in
addition to the interim dividend of 60 yen that has already been paid.
With regard to the dividend for the next fiscal year, the Company plans to declare an annual dividend of
170 yen per share comprising an interim dividend of 85 yen and a year-end dividend of 85 yen. Based on theabovementioned shareholder return policy, we aim to achieve a total return ratio of 100% through dividends andshare repurchases, but the specific amounts and allocations will be determined based on future business forecasts,
stock price trends, and other factors.

2. Basic Policy on Selection of Accounting Standards
The Group uses accounting principles generally accepted in Japan, in reflection of the fact that most parties withinterests in the Group are shareholders, creditors, and business partners within Japan and there is little need for
procurement of funds from outside Japan.
The Group’s policy with regard to the adoption of international accounting standards is to formulate
appropriate responses in light of conditions in Japan and overseas going forward.

43. Consolidated Financial Statements and Principal Notes(1) Consolidated Balance Sheet(Millions of yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes receivable - trade
Accounts receivable - trade
Electronically recorded monetary claims - operating
Merchandise and finished 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
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Land
Leased assets
Construction in progress
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Other
Total intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

5

As of March 31, 2024

15,097
31
7,038
41
2,124
1,701
1,671
924
(14)
28,615

16,225
38
6,736
25
2,322
1,787
1,366
513
(14)
29,002

22,593(14,026)
8,567
28,955(24,427)
4,527
5,467
165
1,833
9,738
(7,675)
2,063
22,62523,328(14,644)8,684
28,848(24,265)
4,583
5,467
138
4,308
10,504(8,259)2,245
25,426

261
261

149
149

3,055
457
458
(0)
3,970
26,85655,471

3,019
593
426
(0)
4,039
29,61558,618(Millions of yen)
As of March 31, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Current portion of long-term borrowings
Accounts payable - other
Income taxes payable
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Electronically recorded obligations facilities
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Provision for retirement benefits for directors (andother officers)
Provision for share awards
Retirement benefit liability
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

6

As of March 31, 2024

1,469
799
1,920
932
1,322
384
387

1,278
688
2,000
978
1,126
151
390

36

41

1,069
573
8,894

1,186
1,047
8,890

1,070

1,949

34

27

121
950
689
548
3,414
12,309

143
972
719
1,413
5,226
14,116

4,829
8,793
30,904(2,991)
41,536

4,829
8,797
31,655(2,957)42,324

42
1,296
1,339
48
238
43,16255,471

110
1,826
1,936
－
240
44,501
58,618

(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statement of Income(Millions of yen)

Sales revenue
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Gain on valuation of derivatives
Share of profit of entities accounted for using equity
methodRental income from land and buildings
Subsidy income
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity
methodLoss on valuation of derivatives
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Gain on change in equity
Gain on reversal of share acquisition rights
Total extraordinary income
Extraordinary losses
Loss on abandonment of non-current assets
Loss on sale of non-current assets
Impairment losses
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent

For the fiscal year ended
March 31, 2023
35,382
27,972
7,410
3,896
3,514

For the fiscal year ended
March 31, 2024
30,44623,999
6,446
3,724
2,722

34
3
－

79
2
134

329

－

29
129
283
197
1,008

29
49
337
50
683

32

30

－

302

130
11
175
4,347

－
8
341
3,064

13
1,258
129
－
1,401

17
－
104
48
170

453
1
1,926
2,382
3,366
1,426
(43)
1,383
1,983
(297)
2,280

174
－
447
621
2,613
741
36
777
1,836
(9)
1,845

7

Consolidated Statement of Comprehensive Income(Millions of yen)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

For the fiscal year ended
March 31, 2023
1,983

For the fiscal year ended
March 31, 2024
1,836

(7)
(46)
574

67
－
437

105

103

626
2,609

608
2,444

2,880

2,442

(270)

1

8

(3) Consolidated Statement of Changes in Net Assets
Fiscal year ended March 31, 2023 (from April 1, 2022 to March 31, 2023)(Millions of yen)
Shareholders’ equity
Share capital

Capital surplus

4,829

8,793

Balance at beginning of period
Changes during period
Dividends of surplus
Profit attributable to owners ofparentPurchase of treasury shares
Disposal of treasury shares bystocks payment trust
Restricted stock payment
Net changes in items other thanshareholders’ equity
Total changes during period
Balance at end of period

Retainedearnings

Treasury shares

29,450(1,642)

Total
shareholders’equity41,430

(826)

(826)

2,280

2,280
(1,350)(1,350)

1

1
－

－
4,829

1,454
30,904－
8,793(1,348)(2,991)

105
41,536

Accumulated other comprehensive income
Valuationdifference on
available-forsale securities

Balance at beginning of period
Changes during period
Dividends of surplus
Profit attributable to ownersof parent
Purchase of treasury shares
Disposal of treasury shares bystocks payment trust
Restricted stock payment
Net changes in items otherthan shareholders’ equity
Total changes during period
Balance at end of period

50

Deferred gains
or losses onhedgesForeigncurrencytranslation
adjustment

46

643

Total
accumulated
othercomprehensive

Shareacquisitionrights

Noncontrollinginterests

Total net
assets49508

42,728income

739

(826)
2,280
(1,350)
1
－
(7)

(46)

653

599

(0)

(270)

328

(7)
42

(46)
－

653
1,296

599
1,339

(0)
48

(270)
238

434
43,1629

Fiscal year ended March 31, 2024 (from April 1, 2023 to March 31, 2024)(Millions of yen)
Shareholders’ equity
Share capital

Capital surplus

4,829

8,793

Balance at beginning of period
Changes during period
Dividends of surplus
Profit attributable to owners ofparentPurchase of treasury shares
Disposal of treasury shares bystocks payment trust
Restricted stock payment
Net changes in items other thanshareholders’ equity
Total changes during period
Balance at end of period

Retainedearnings
30,904(2,991)(1,094)(1,094)

1,845

1,845

3

3
8,797

－
4,829

Total
shareholders’equity41,536

Treasury shares

751
31,655

(0)

(0)

－

－

34

38

33
(2,957)788
42,324

Accumulated other comprehensive income
Valuationdifference on
available-forsale securities

Balance at beginning of period
Changes during period
Dividends of surplus
Profit attributable to ownersof parent
Purchase of treasury shares
Disposal of treasury shares bystocks payment trust
Restricted stock payment
Net changes in items otherthan shareholders’ equity
Total changes during period
Balance at end of period

42

Deferred gains
or losses onhedgesForeigncurrencytranslation
adjustment

1,296

－

Total
accumulated
othercomprehensive

Shareacquisitionrights

Noncontrollinginterests

Total net
assets48

238

43,162income1,339(1,094)
1,845
(0)
－
38
67

－

529

597

(48)

1

550

67
110

－
－

529
1,826

597
1,936

(48)
－

1
240

1,339
44,50110

(4) Consolidated Statement of Cash Flows(Millions of yen)
For the fiscal year ended
March 31, 2023
Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment losses
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses for directors(and other officers)
Increase (decrease) in provision for bonuses
Increase (decrease) in retirement benefit liability
Increase (decrease) in provision for retirement benefits for
directors (and other officers)
Increase (decrease) in provision for share awards
Interest and dividend income
Interest expenses
Subsidy income
Loss (gain) on sale and retirement of property, plant andequipment
Loss (gain) on sale of investment securities
Loss (gain) on valuation of derivatives
Share of loss (profit) of entities accounted for using equity
methodLoss (gain) on change in equity
Foreign exchange losses (gains)
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Decrease (increase) in other current assets
Increase (decrease) in other current liabilities
Decrease (increase) in consumption taxes refund
receivable
Increase (decrease) in accrued consumption taxes
Other, net
SubtotalInterest and dividends received
Interest paid
Subsidies received
Income taxes refund (paid)
Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Payments for retirement of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Other payments
Other proceeds
Net cash provided by (used in) investing activities

11

For the fiscal year ended
March 31, 2024

3,366
2,593
1,926
(3)

2,613
2,768
447
(0)

(18)

5

7
(6)

3
22

3

(6)

21
(38)
32
(129)

22
(81)
30
(49)

441

156

(1,258)
130

－
(134)

(329)

302

(129)
(354)
1,688
(130)
(446)
328
143

(104)
(334)
410
95
(357)
40
(116)

(480)

480

(219)
84
7,225
682
(32)
129
(2,369)
5,634

359
876
7,451
81
(30)
49
(1,010)
6,542

(333)
332
(4,586)
19
－
(2)
(2)
1,295
(34)
30
(3,281)(378)
378(5,701)
16
(155)
(3)
(2)
－
(2)
17
(5,831)

(Millions of yen)
For the fiscal year ended
March 31, 2023
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Purchase of treasury shares
Repayments of lease liabilities
Dividends paid
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period－－(1,494)(1,348)(48)(825)(3,717)554(810)
15,53814,72812

For the fiscal year ended
March 31, 2024
80
2,100
(1,175)(0)(53)(1,092)
(141)
549
1,118
14,72815,846

(5) Notes to Consolidated Financial Statements(Notes on going concern assumption)
Not applicable.

(Segment information, etc.)[Segment information]
1. Overview of reportable segments
The reportable segments of the Company are individual units for which separate financial information is available
and which are subject to periodical review by the Board of Directors to determine the allocation of management
resources and to evaluate performance.
The Board of Directors and Management Meeting comprehensively assess the Group as a whole, formulate
strategies for each line of business based on reports from each subsidiary, and pursue business activities
accordingly.
The Company is thus composed of segments organized by business element and has two reportablesegments: High-purity Chemical, and Transportation.
The High-purity Chemical Business is engaged in the manufacture and sale of high-purity chemical
products; the Transportation Business is engaged in the transportation, storage, and customs clearance ofchemical agents.
2. Information on calculation methods for sales revenue, income (loss), assets, and other components by reportablesegment
The accounting method applied for the reportable segments is the same method used in preparing the consolidated
financial statements.
Reportable segment profit consists of figures based on operating profit.
Inter-segment sales and transfers are based on market prices.

13

3. Information on sales revenue, profit or loss, assets, and other components by reportable segment
For the fiscal year ended March 31, 2023 (from April 1, 2022 to March 31, 2023)(Millions of yen)
High-purity Chemical
Sales revenue
Sales revenue tooutside customers
Inter-segment sales
revenue or transfers
Total
Segment profit
Segment assets
Other
Depreciation
Impairment losses
Investment in entities
accounted for using
equity method
Increase in property,
plant and equipment
and intangible
assetsReportable segment
Transportation

Total

Other
(Note)

Total

30,707

4,504

35,212

170

35,382

0

3,275

3,275

228

3,504

30,7072,961
45,876

7,780
533
9,586

38,4873,494
55,462399
30
290

38,8873,525
55,753

2,106
1,926

486
－

2,592
1,926

0
－

2,593
1,926

2,921

－

2,921

－

2,921

4,868

539

5,407

0

5,408

(Note) The “Other” category is for non-reportable business segments, including insurance agency business andautomobile maintenance business.

For the fiscal year ended March 31, 2024 (from April 1, 2023 to March 31, 2024)(Millions of yen)
Other
(Note)

Reportable segment
High-purity Chemical
Sales revenue
Sales revenue tooutside customers
Inter-segment sales
revenue or transfers
Total
Segment profit
Segment assets
Other
Depreciation
Impairment losses
Investment in entities
accounted for using
equity method
Increase in property,
plant and equipment
and intangible
assetsTransportation

Total

Total

26,0194,252

30,271

174

30,446

0

3,098

3,098

245

3,344

26,0192,167
48,598

7,350
548
10,09133,3702,716
58,68942018269

33,7902,735
58,959

2,355
426

412
20

2,767
447

0
－

2,768
447

2,784

－

2,784

－

2,784

5,057

649

5,707

0

5,708

(Note) The “Other” category is for non-reportable business segments, including insurance agency business andautomobile maintenance business.

14

4. Differences between total amounts for reportable segments and amounts in the consolidated financial statements
and main details of these differences (matters relating to difference adjustments)(Millions of yen)
For the fiscal year ended
March 31, 2023

For the fiscal year ended
March 31, 2024

38,48733,370399420Inter-segment elimination(3,504)(3,344)

Sales revenue in the consolidated financial statements

35,38230,446

Sales revenue
Reportable segment total
Sales revenue in “Other” category(Millions of yen)
For the fiscal year ended
March 31, 2023

Profit

For the fiscal year ended
March 31, 2024

Reportable segment total

3,494

2,716

Profit in “Other” category

30

18Inter-segment elimination

(11)

(13)

3,514

2,722

Operating profit in the consolidated financial
statements(Millions of yen)
For the fiscal year ended
March 31, 2023

For the fiscal year ended
March 31, 2024

Reportable segment total

55,462

58,689Assets in “Other” category

290

269

Corporate assets (Note)

8

8

(290)

(349)

55,471

58,618AssetsOther adjustments
Total assets in the consolidated financial statements(Note) Corporate assets are mainly long-term investment funds (investment securities and memberships) thathave not been attributed to a reportable segment.

15

(Per share information)

Net assets per share

For the fiscal year ended
March 31, 2023
3,568.67 yen

For the fiscal year ended
March 31, 2024
3,679.90 yen

Earnings per share

186.03 yen

153.48 yen(Notes) 1. Shares of the Company owned by Custody Bank of Japan, Ltd. (137,900 shares at the end of the
fiscal year under review and average of 137,900 shares during the year) and the treasury shares are
excluded from the calculation of the total number of common shares issued at the end of the fiscal
year under review used in calculating net assets per share, and the calculation of the average numberof common shares during the period used in calculating earnings per share.
2. Diluted earnings per share are not provided because the Company had no potential dilutive shares.
3. The basis for calculation of net assets per share is as follows.

For the fiscal year ended
March 31, 2023

For the fiscal year ended
March 31, 2024

Total net assets (Millions of yen)

43,16244,501

Deduction from total net assets(Millions of yen)

286

240

[Share acquisition rights (Millions of
yen)]

(48)

(－)

[Non-controlling interests (Millions of
yen)]

(238)

(240)

Net assets relating to common shares(Millions of yen)

42,87544,261

Number of common shares at end of periodused in the calculation of net assets per share(Thousand shares)

12,014

12,027

4. The basis for calculation of earnings per share is as follows.
For the fiscal year ended
March 31, 2023

For the fiscal year ended
March 31, 2024

Profit attributable to owners of parent(Millions of yen)

2,280

1,845

Amount not attributable to commonshareholders (Millions of yen)－－

Profit attributable to owners of parent
relating to common shares(Millions of yen)

2,280

1,845

Average number of common shares during
the period (Thousand shares)

12,26012,024(Significant subsequent events)
Not applicable.
16