February 27, 2013
Company name: Tokuyama Corporation
Representative name: Kazuhisa Kogo,
President and Representative Director(Code No. 4043, First Section TSE)
Contact: Yoshifumi Matsumoto, General Manager
Corporate Communications & Investor Relations Dept.
TEL: +81-3-6205-4832

Notice concerning Posting of Extraordinary Losses, Revision of Performance Forecast,
Revision of Year-end Dividend Forecast, and Relinquishment of Executive Compensation
With a resolution at the meeting of the Board of Directors held today, Tokuyama Corporation (“theCompany”) hereby announces to post extraordinary losses, as described below.
The Company also announces that it has revised the performance forecast, announced on February
5, 2013, for fiscal 2012 (April 1, 2012 to March 31, 2013), as described below.
Furthermore, the Company has revised the year-end dividend forecast, as described below. Also, theCompany’s executives will relinquish their executive compensation, as described below.
1. Extraordinary Losses
The Company expects to post an impairment loss of approximately ¥27.5 billion on the Tokuyama
Factory’s manufacturing facilities for polycrystalline silicon and its concurrent product, fumed silica,
as extraordinary loss for fiscal 2012, the fiscal year ending March 31, 2013.
Against the backdrop of rapidly deteriorating market conditions, the polycrystalline silicon businesshas been confronting a persistently harsh operating environment since fiscal 2011. Under suchcircumstances, the Company made a calculation of future cash flows which the Tokuyama Factory’s
polycrystalline silicon operations will generate. As a result, because no future cash flows are
anticipated to be generated, the book value of the abovementioned facilities is to be written down tozero, and the amount of the write-downs is to be accounted for as impairment loss.
In addition, the Company expects to adjust polycrystalline silicon raw materials to a proper stocklevel, and to post loss from inventory revaluation of approximately ¥2.0 billion as extraordinary loss.
2. Revision of Performance Forecast for Fiscal 2012 (April 1, 2012 to March 31, 2013)(1) Consolidated(Unit: Millions of yen)
Operatingincome (loss)

Ordinary
income (loss)

Net income(loss)

Net income
per share (yen)258,500

4,000

0(11,500)(33.05)258,500

4,000

0(41,000)(117.84)000(29,500)－0.0
282,3810.0
13,7200.0
11,524－9,351－
26.87

Net sales
Previous forecast : (A)(Feb. 5, 2013)
Newly revised forecast :(B)Change: (B)－(A)Rate of change (%)[Reference] Fiscal 2011

(2) Non-consolidated(Unit: Millions of yen)
Ordinary
income (loss)

Net sales
Previous forecast : (A)(Feb. 5, 2013)
Newly revised forecast :(B)Change: (B)－(A)Rate of change (%)[Reference] Fiscal 2011

Net income(loss)

Net income per share(yen)164,000(3,000)(12,000)(34.49)164,000(3,000)(41,500)(119.27)00(29,500)－0.0
185,099

0.0
8,538－
8,497－
24.42(3) Reasons for the revision
With regard to the non-consolidated performance forecast and the consolidated performance
forecast for fiscal 2012, net loss is expected to be substantially wider than the previous forecast, due
to the extraordinary losses mentioned above.
With regard to the non-consolidated performance forecast, operating income is not disclosed.
Therefore, the Company has revised the performance forecast, announced on February 5, 2013, forfiscal 2012.
(Note) The performance forecasts 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.
3. Revision of Year-end Dividend Forecast(1) Details of the revision
Newly revised
forecast
Date of record
Dividend per share(yen)Total dividend paid
(millions of yen)
Effective date
Source of dividend

Dividend paid inprevious year (year-end
dividend for fiscal 2011)

Previous forecast(Oct. 31, 2012)

March 31, 2013

March 31, 2013

March 31, 2012

3.00

Undecided

3.00

1,043－

1,043

June 26, 2013
Retained earnings－－

June 27, 2012
Retained earnings(2) Reason for the revision
Due to a severe business environment, the Company is expected to record a consolidated net loss of¥41.0 billion (¥41.5 billion net loss on a non-consolidated basis) for fiscal 2012. On the other hand
the Company’s earnings are expected to rebound from fiscal 2013 and beyond by implementing theProfit Improvement Plan. Therefore, we expect to pay out year-end dividends of 3 yen per share.
As we continue to make every effort to bring about a comprehensive improvement in profits andsecure stable dividends, we kindly request the continued support and understanding of shareholders.
4. Relinquishment of Executive Compensation
The Company’s executives have already relinquished 20% of their monthly compensation
voluntarily since April 2012. However, taking the deterioration in earnings most seriously, they willfurther relinquish their executive compensation, as described below.
Details of executive compensation relinquishment
President, Senior Managing Executive Officers, Managing Executive Officers, Executive Officers:50% of bonus paid to executives in June 2013