Summary of Consolidated Financial Statements for the Third Quarter Fiscal 2020 (JPGAAP)
January 29, 2021
Tokuyama Corporation
Stock exchange listings:
Tokyo(URL https://www.tokuyama.co.jp/eng/)
Local Code :4043
Representative:
Hiroshi Yokota, President and Representative Director
Contact:
Taro Kobayashi, General Manager, Corporate Communications & Investor Relations Dept.
+81-3-5207-2552
Scheduled date of dividends payout :Preparation of supplementary quarterly explanatory materials: Yes
Quarterly business results IR briefing to be held:
Yes (for institutional investors and analysts)

1. Consolidated results for fiscal third quarter ended Dec. 31, 2020 (Apr. 1, 2020 – Dec. 31, 2020)(1) Performance

Note: All amounts are rounded down to the nearest million yen.
Net sales
Year-on(millions ofyear change
yen)
[%]

Operating profit
Year-on(millions ofyear change
yen)
[%]

Ordinary profit
Year-on(millions ofyear change
yen)
[%]

Third Quarter Fiscal 2020
220,923(6.6)
21,700(12.3)
21,181(10.9)
Third Quarter Fiscal 2019236,543(0.7)
24,754_(2.8)
23,780_0.4(Note) Comprehensive income: 3rd Q FY20: 21,991 million yen [19.3%] 3rd Q FY19: 18,426 million yen [10.7 %]Profit attributable toowners of parent
Year-on-year(millions of yen)change [%]Third Quarter Fiscal 2020
Third Quarter Fiscal 2019

Basic earnings per
share

Diluted earnings
per share

(yen)

(yen)

278.14259.32

Net assets per
share
(yen)

2,672.62
2,431.21

19,31818,011

7.3(8.0)

Total assets

Net assets(millions of yen)(millions of yen)

Shareholders’Equity ratio(%)

374,021383,447

196,860
180,42949.6
44.0(2) Consolidated financial position

December 31, 2020
March 31, 2020
(Reference) Shareholders' equity:

Dec. 31, 2020: 185,630 million yen

Mar. 31, 2020: 168,861 million yen

2. Dividends
1st quarter（Period）(yen)

Fiscal 2019, ended
Mar 31, 2020
Fiscal 2020, ending
Mar 31, 2021
Fiscal 2020
（Forecast）

Annual dividends per share
2nd quarter 3rd quarter
Year-end
(yen)

(yen)

-

35.00

-

-

35.00

-

Total

(yen)

(yen)

35.00

70.00

35.00

70.00

(Note) Revision of the latest dividends forecast: No

3. Consolidated performance forecast for fiscal 2020 (April 1, 2020 - March 31, 2021)(% indicates the rate of change over the corresponding previous periods respectively)
attributable to Basic earnings
Net sales
Operating profit Ordinary profit Profit
owners of parent
per share

Fiscal 2020

(millions ofyen)

300,000

[%]

(5.1)

(millions of
yen)

[%]

30,000 (12.5)(millions ofyen)

30,000[%](8.6)(millions ofyen)

26,000

[%]

30.4

(yen)

374.34(Note) Revision of the latest consolidated performance forecast: Yes* The Company announced the release, “Notice concerning Revision of Performance Forecast for Fiscal 2020,” on Jan. 29, 2021.

1

*Notes(1) Changes in significant subsidiaries during this period: Yes
Addition to the scope of consolidation: Reduction from the scope of consolidation: 2(Company Name: Tianjin Tokuyama Plastics Co., Ltd. and Tokuyama Logistics Corporation)(Note) For more details, please refer to “2. Quarterly Consolidated Financial Statements and (4) Notes on
Quarterly Consolidated Financial Statements (Changes in significant subsidiaries during this period)” on page
11 of the Accompanying Materials to this Summary of Quarterly Consolidated Financial Statement.
(2) Application of accounting methods specific to the preparation of the quarterly consolidated
financial statements: Yes(Note) For more details, please refer to “2. Quarterly Consolidated Financial Statements and (4) Notes on
Quarterly Consolidated Financial Statements (Application of accounting methods specific to the preparation of
the quarterly consolidated financial statements)” on page 11 of the Accompanying Materials to this Summaryof Quarterly Consolidated Financial Statement.
(3) Changes of accounting policies, changes in accounting estimates, and retrospective restatements
i. Changes of accounting policies by revision of accounting standards:
ii. Changes of accounting policies other than the above:iii. Changes in accounting estimates:
iv. Retrospective restatements:(4) Number of shares issued (in common stock)
3rd Quarter
Number of shares issued at end of periodi.
(including treasury stock):
Fiscal 2020:
3rd Quarterii. Number of treasury stock at end of period:
Fiscal 2020:
3rd Quarteriii. Average number of shares over period:
Fiscal 2020:

No
No
No
No

69,934,375

Fiscal 2019:69,934,375

477,918

Fiscal 2019:478,862

69,456,421

3rd Quarter
Fiscal 2019:69,455,177(Note) Notice on the implementation of quarterly review proceduresThis summary of quarterly consolidated financial statements is not subject to quarterly review procedures in linewith the Financial Instruments and Exchange Act. At the point of disclosure of this summary of quarterly
consolidated financial statements, the quarterly consolidated financial statements review procedures in line with the
Financial Instruments and Exchange Act are underway.
(Note) Cautions pertaining to appropriate use of performance forecast and other particular items(Cautions related to Forward-looking statement)
The performance forecast and other forward-looking statements contained in this material have been prepared on
the basis of information available at this point and certain assumptions which are judged to be rational, and may
be substantially different from the actual performance because of various factors that may arise from now on.
(Access to supplementary explanations on business results)
The Company also supplementary materials “Presentation for IR Meeting” through TDnet at the same date.

2

Contents for Accompanying Materials
1. Qualitative information on consolidated results for this quarter…………………

P. 2(1) Explanation concerning business results…………………

P. 2(2) Explanation concerning financial position…………………

P. 6…………………

P. 6

2. Quarterly Consolidated Financial Statements…………………

P. 7(1) Quarterly Consolidated Balance Sheets…………………

P. 7(2) Quarterly Consolidated Statements of Income…………………

P. 9(3) Quarterly Consolidated Statements of Comprehensive Income…………………

P. 10(4) Notes on Quarterly Consolidated Financial Statements…………………

P. 11(5) Segment Information…………………

P. 12(3) Explanation concerning information related to future
prediction such as consolidated performance forecast

11. Qualitative information on consolidated results for this quarter(1) Explanation concerning business results
Consolidated results for the third quarter fiscal 2020 (April 1, 2020 - December 31, 2020) aresummarized as follows:(Unit: Millions of yen)
OperatingprofitNet sales

Ordinary profit

Profitattributable toowners ofparentThird Quarter Fiscal 2020

220,923

21,70021,181

19,318

Third Quarter Fiscal 2019236,543

24,75423,78018,011(6.6)(12.3)(10.9)

7.3

Rate of change (%)

Net sales
Consolidated net sales decreased 6.6%, or ¥ 15,620 million compared with the corresponding
period of the previous year, to ¥ 220,923 million. Despite firm sales of semiconductor-related
products, this decrease was largely attributable to the impact of deconsolidation of Sun・Tox Co.,
Ltd., and the novel coronavirus (COVID-19) pandemic, which triggered the drop in sales
volumes of caustic soda in Japan and weak petrochemical product sales prices.
Cost of sales
Cost of sales decreased 7.4%, or ¥ 12,192 million compared with the corresponding period of
the previous year, to ¥ 151,563 million. This was due mainly to a downturn in raw material andfuel costs.
SG&A expenses
SG&A expenses decreased 0.8%, or ¥373 million compared with the corresponding period of
the previous year, to ¥ 47,659 million. While R&D and other expenses increased, this decrease
largely reflected the drop in such operating costs as travel expenses due to the COVID-19
pandemic and decrease in logistics costs by weak sales volumes.

2

Operating profit
Operating profit decreased 12.3 %, or ¥ 3,054 million compared with the corresponding periodof the previous consolidated fiscal year, to ¥ 21,700 million. Despite lower raw material and fuelcosts, this decrease in operating profit was mainly due to the impact of COVID-19, which
triggered a drop in sales volumes of such products as caustic soda.
Non-operating income/expenses, Ordinary profit
Non-operating income/expenses improved by ¥455 million compared with the corresponding
period of the previous consolidated fiscal year.
As a result of the above, ordinary profit decreased 10.9%, or ¥ 2,598 million compared with thecorresponding period of the previous consolidated fiscal year, to ¥ 21,181 million.
Extraordinary income/losses, Profit before income taxes, Profit, Profit attributable toowners of parent
Extraordinary income/losses improved by ¥883 million compared with the corresponding periodof the previous consolidated fiscal year.
As a result of the above, profit before income taxes decreased 7.3%, or ¥ 1,715 million
compared with the corresponding period of the previous consolidated fiscal year, to ¥ 21,675
million.
Profit after deducting income taxes calculated in an appropriate way increased 5.6%, or ¥ 1,041
million compared with the corresponding period of the previous consolidated fiscal year, to¥ 19,723 million.
Profit attributable to owners of parent increased 7.3%, or ¥1,307 million compared with thecorresponding period of the previous consolidated fiscal year, to ¥ 19,318 million.

3

(Operating results by segment)
Sales(Unit: Millions of yen)
Others

Total

Adjustment

Figures inquarterly
consolidated
profitstatement

34,09340,539245,025(24,102)220,923

66,41842,341

49,167

267,545(31,001)

236,543

2.8(19.5)(17.5)

(8.4)

-

(6.6)

Adjustment

Figures inquarterly
consolidated
profitstatement

Reportable segment

Third Quarter
Fiscal 2020
Third Quarter
Fiscal 2019
Rate of change (%)

Chemicals

Specialty
Products

CementLife &
Amenity

61,03341,05168,307

71,16538,452(14.2)

6.8

Operating profit(Unit: Millions of yen)
Reportable segment
Chemicals

Specialty
Products

CementLife &
Amenity

Others

Total

Third Quarter
Fiscal 2020
Third Quarter
Fiscal 2019

9,387

4,550

3,880

1,550

4,590

23,958(2,258)21,70011,785

4,474

2,629

2,324

4,867

26,081(1,326)24,754Rate of change (%)(20.3)

1.7

47.6(33.3)

(5.7)

(8.1)

-

(12.3)(Note) Sales and operating profit in each segment include inter-segment transactions.

Chemicals
Caustic soda earnings declined. This downturn in earnings was largely due to the drop in sales
volumes in Japan owing to the spread of COVID-19 and a deterioration in overseas market
conditions.
Earnings from vinyl chloride monomer and vinyl chloride resin increased due to the upturn inexport prices.
Soda ash earnings declined. This downturn in earnings was largely due to the drop in sales
volumes in Japan owing to the spread of COVID-19.
As a result of the above, segment net sales decreased 14.2% compared with the corresponding
period of the previous consolidated fiscal year, to ¥ 61,033 million and operating profit
decreased 20.3% to ¥ 9,387 million. The segment reported lower earnings on lower sales.

4Specialty Products
With regard to Semiconductor-grade polycrystalline silicon, earnings increased owing to firmsales on the back of the introduction of 5G and an increase in remote work.
Earnings from high-purity chemicals for electronic manufacturing increased. This was due to anincrease in the volume mainly overseas.
Earnings of fumed silica decreased largely due to the drop in sales volumes owing to the spreadof COVID-19.
As a result of the above, segment net sales increased 6.8% compared with the corresponding
period of the previous consolidated fiscal year, to ¥ 41,051 million and operating profit increased
1.7% to ¥ 4,550 million. The segment reported higher earnings on higher sales.
CementCement earnings increased. This upswing in earnings reflected the limited impact of COVID-19
on domestic shipments and successful steps to reduce manufacturing costs on the back of adecline in raw material prices.
As a result of the above, segment net sales increased 2.8% compared with the corresponding
period of the previous consolidated fiscal year, to ¥ 68,307 million and operating profit increased
47.6% to ¥ 3,880 million. The segment reported higher earnings on higher sales.
Life & Amenity
Earnings from plastic lens-related materials decreased as a result of COVID-19, which pushed
down export volumes of photochromic materials for eyeglass lenses to Europe and the UnitedStates.
Dental materials earnings increased. Despite a downturn in export volumes to Europe and theUnited States impacted by the spread of COVID-19, this increase in earnings was mainly
attributable to the drop in advertising expenses.
Sales of medical diagnosis systems decreased. This largely reflected a decline in sales volumes oflaboratory information systems and laboratory automation systems.
In polyolefin film, Sun・Tox Co., Ltd. was removed from the Company’s scope of consolidation
effective from the third quarter of the fiscal year under review. This reflected the transfer of a
portion of the company’s shares.
As a result of the above, segment net sales decreased 19.5% compared with the corresponding
period of the previous consolidated fiscal year, to ¥ 34,093 million and operating profit
decreased 33.3% to ¥1,550 million. The segment reported lower earnings on lower sales.

5(2) Explanation concerning financial position(Status of assets, liabilities and net assets)
As of December 31, 2020, total assets amounted to ¥374,021 million, a decrease of ¥ 9,426
million compared with those as of March 31, 2020.
This decrease primarily reflects the decrease of notes and accounts receivable – trade, property,
plant and equipment, cash and deposits, raw materials and supplies, and merchandise and finishedgoods of ¥5,927 million, ¥5,237 million, ¥4,673 million, ¥2,172 million and ¥1,943 million,
despite the increase of investment securities due to mark-to-market valuation of investment
securities and other current assets ¥6,845 million and ¥3,457 million, respectively. Due to thedeconsolidation of Sun・Tox Co., Ltd., asset decreased by ¥13,051 million.
Total liabilities amounted to ¥ 177,160 million, down ¥ 25,856 million compared with those asof March 31, 2020.
The principal factor is the decrease in long-term loans payable and current portion of long-termloans payable, notes and accounts payable-trade, provision for bonuses, income taxes payable andother current liabilities of ¥ 15,754 million, ¥4,654 million, ¥2,038 million, ¥1,591 million and¥1,512 million, respectively. Due to the deconsolidation of Sun・Tox Co., Ltd., liabilities
decreased by ¥8,844 million.
Net assets totaled ¥196,860 million, an increase of ¥16,430 million compared with those as ofMarch 31, 2020.
This mainly reflected the increase of retained earnings primarily due to posting profit attributableand valuation difference on available-for-sale securities of ¥14,450 million and ¥1,923 million
respectively.

(3) Explanation concerning information related to future prediction such as
consolidated performance forecast
Based on the current performance trend, the Company has revised the performance forecast,announced on October 28, 2020. For further details, please see the Company’s news release,“Notice concerning Revision of Performance Forecast for Fiscal 2020,” dated January 29, 2021.
The performance forecast has been prepared on the basis of information available at this pointand certain assumptions which are judged to be rational, and may be substantially different fromthe actual performance because of various factors that may arise from now on.

6

2. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Millions of yen)
12/31/2020

3/31/2020
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Lease receivables
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
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Goodwill
Leased assets
Other
Total intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Deferred tax assets
Retirement benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

7

81,52472,92934
18,506
10,051
16,0884,823(108)
203,849

76,85067,001
87
16,562
10,754
13,9168,280(105)
193,348

108,636(78,109)
30,526
465,761(420,631)
45,12922,488(20,024)
2,463
33,3635,011(2,370)2,641
9,067
123,192

104,035(75,815)
28,219455,681(412,159)
43,522
22,405(19,939)
2,465
31,6885,943(2,411)
3,531
8,527
117,955

3
59
1,594
1,657

91
44
1,600
1,735

19,385
2,302
19,164
9,569
4,382
(56)
54,747
179,597
383,447

26,2302,182
18,010
9,754
4,864
(60)
60,981
180,673374,021

3/31/2020
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Current portion of long-term borrowings
Lease obligations
Income taxes payable
Provision for bonuses
Provision for share-based remuneration
Provision for repairs
Provision for decommissioning and removal
Provision for product warranties
Provision for environmental measures
Provision for loss on compensation for damage
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Lease obligations
Deferred tax liabilities
Provision for retirement benefits for directors (and other officers)
Provision for share-based remuneration
Provision for repairs
Provision for decommissioning and removal
Allowance for loss on compensation for building materials
Provision for environmental measures
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
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets
8(Millions of yen)
12/31/2020

42,795
3,082
16,106
870
2,896
3,175
－
5,159
439
84
－
84
20,545
95,241

38,141
1,922
9,910
1,109
1,305
1,136
114
4,086
689
46
13
168
19,033
77,68094,255
2,028
204
239
86
944
529
158
196
2,277
6
6,848
107,775
203,017

84,696
2,711
92
205
－
1,617
1,264
132
145
1,853
56
6,704
99,480177,160

10,00020,018
137,665(1,809)165,874

10,00020,072
152,116(1,804)
180,384

332
(35)
703
1,986
2,986
11,568
180,429
383,447

2,255
(20)
991
2,019
5,246
11,229196,860
374,021

(2) Quarterly Consolidated Statements of Income
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Selling expenses
General and administrative expenses
Total selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity method
Outsourcing service income
Equipment sale income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Fiduciary obligation expenses
Provision for decommissioning and removals
Equipment cost of sales
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
Gain on sales of investment securities
Gain on sales of shares of subsidiaries and associates
Subsidy income
Gain on insurance claims
Gain on sales of patent right and other
Gain on liquidation of subsidiaries and associates
Gain on step acquisitions
Other
Total extraordinary income
Extraordinary losses
Loss on sales of non-current assets
Impairment loss
Loss on disaster
Loss on tax purpose reduction entry of non-current assets
Loss on disposal of non-current assets
Loss on sales of investment securities
Provision for decommissioning and removals
Other
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent
9

Q3 FY2019 YTD
236,543
163,756
72,787(Millions of yen)
Q3 FY2020 YTD
220,923
151,563
69,35931,826
16,20648,03224,75430,29917,35947,65921,700

111
345
674
578
－
1,622
3,332

64
381
735
592
575
1,515
3,865

1,279
613
572
－
1,840
4,306
23,780

1,161
532
466
562
1,660
4,384
21,181

20
4
－
13
84
－
－
－
－
122

94
5
746
90
191
1,477
197
125
54
2,983

16
－
77
1
414
1
－
－
511
23,3904,708
18,682670
18,011

－
825
101
－
488
－
858
215
2,489
21,675
1,952
19,723404
19,318

(3) Quarterly Consolidated Statements of Comprehensive Income
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
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-controlling interests

10

Q3 FY2019 YTD
18,682(Millions of yen)
Q3 FY2020 YTD
19,723

566
24
(429)
(212)

1,928
15
387
9

(205)

(73)

(255)
18,426

2,268
21,991

17,753673

21,578413

(4) Notes on Quarterly Consolidated Financial Statements(Going Concern Assumption)
Not applicable.
(Changes in significant subsidiaries during this period)
The Company’s specified subsidiary, Tianjin Tokuyama Plastics Co., Ltd., has been removed fromthe Company’s consolidation during the second quarter consolidated accounting period for the
consolidated fiscal year ending March 31, 2021 due to completion of liquidation as of July 17 2020.
The Company’s specified subsidiary, Tokuyama Logistics Corporation was dissolved on October 1,
2020 following an absorption-type merger in which TOKUYAMA KAIRIKU UNSO K.K. was thesurviving company and has been removed from the Company’s consolidation during the third
quarter consolidated accounting period for the consolidated fiscal year ending March 31, 2021.
(Application of accounting methods specific to the preparation of the quarterly consolidated
financial statements)(Calculation of Tax Expense)
The Company rationally estimated the effective tax rate after the application of accounting policy
for deferred tax, which was applied to the profit/loss before income tax for the consolidated fiscal
year under review including the third quarter consolidated accounting period for the consolidated
fiscal year ending March 31, 2021, and calculated the tax expense by multiplying the estimatedeffective tax rate to the profit/loss before income tax. However, if the application of said
estimated effective tax rate reduces the rationality of the calculation of tax expense, the Company
applies the effective statutory tax rate.

(Additional Information)(Application of tax effect accounting associated with the transition from the consolidated taxation
system to the group tax sharing system)
With regard to the transition to the group tax sharing system established under the “Act for Partial
Amendment of the Income Tax Act, etc.” (Act No. 8 of 2020) and the items for which thenonconsolidated taxation system was revised in line with the transition to the group tax sharing
system, pursuant to Paragraph 3 of the “Practical Solution on the Treatment of Tax EffectAccounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing
System” (ASBJ PITF No. 39, issued on March 31, 2020), the Company and certain domestic
consolidated subsidiaries did not apply the provision of Paragraph 44 of the “Implementation
Guidance on Tax Effect Accounting” (ASBJ Guidance No. 28, issued on February 16, 2018), andthe amounts of deferred tax assets and deferred tax liabilities are based on the provisions of the
tax laws before the revision.
11

(5) Segment information
Third Quarter Fiscal 2019 (April 1, 2019 –December 31, 2019)
1. Information on sales and profit by reportable segment(Millions of yen)

Reportable segments

Sales
Sales to customers
Inter-segment sales/transfer
Total
Segment profit

Chemicals

Specialty
Products

CementLife &
Amenity

Others*1

70,399766
71,165
11,78530,044
8,408
38,452
4,474

65,958459
66,4182,629

40,984
1,357
42,341
2,324

29,15620,01049,167
4,867

Figures inquarterly
Adjustment
consolidated*2
incomestatement*3

Total

236,543
31,001
267,545
26,081(31,001)(31,001)(1,326)

236,543
236,543
24,754*1 The “Others” segment comprises businesses other than those of the reportable segments. Specifically, thesegment includes overseas sales companies, a distribution company, a real estate business, etc.
*2 The segment profit adjustment amount consists mainly of basic R&D expenses that are not allocable to a
specific reportable segment and the amount of inter-segment eliminations.
*3 With regard to segment profit, operating profit in the quarterly consolidated statement of profit has been
calculated by making an adjustment to the sum total of the reportable segments’ profit and the “Others” segment’s
profit.
(Information on amortization of goodwill and unamortized balance by reportable segment)
Not applicable.

Third Quarter Fiscal 2020 (April 1, 2020– December 31, 2020)
1. Information on sales and profit by reportable segment(Millions of yen)

Reportable segments

Sales
Sales to customers
Inter-segment sales/transfer
Total
Segment profit

Chemicals

Specialty
Products

CementLife &
Amenity

Others*1

60,424609
61,033
9,387

32,354
8,696
41,051
4,550

67,833474
68,3073,880

33,0101,083
34,0931,550

27,301
13,23840,539
4,590

Total

220,923
24,102245,025
23,958Figures inquarterly
Adjustment
consolidated*2
profitstatement*3(24,102)(24,102)(2,258)*1 The “Others” segment comprises businesses other than those of the reportable segments. Specifically, thesegment includes overseas sales companies, a distribution company, a real estate business, etc.
*2 The segment profit adjustment amount consists mainly of basic R&D expenses that are not allocable to a
specific reportable segment and the amount of inter-segment eliminations.
*3 With regard to segment profit, operating profit in the quarterly consolidated statement of profit has been
calculated by making an adjustment to the sum total of the reportable segments’ profit and the “Others” segment’s
profit.
(Information on amortization of goodwill and unamortized balance by reportable segment)
Not applicable.

12

220,923
220,923
21,700