September 25, 2015
Company name: Tokuyama Corporation
Representative name: Hiroshi Yokota,President and Representative Director(Code No. 4043, First Section TSE)
Contact: Taro Kobayashi, General Manager
Corporate Communications & Investor Relations Dept.
TEL: +81-3-6205-4832
Notice Concerning the Transfer of Non-current Assets and Posting of Extraordinary Income
Tokuyama Corporation (hereafter referred to as “Tokuyama” or “the Company”) today announced detailsof its decision to transfer certain non-current assets in accordance with a resolution of the Board ofDirectors at a meeting held on September 25, 2015. Brief details are presented as follows.
1. Background of the transfer
Tokuyama put in place its Medium-Term Management Plan 2017, which covers the three-year period fromfiscal 2015, the fiscal year ending March 31, 2016, to fiscal 2017, the fiscal year ending March 31, 2018, inJuly 2015. After identifying efforts to rebuild the Company’s financial platform as a priority issue under its
Medium-Term Management Plan 2017, Tokuyama has decided to transfer certain non-current assets inorder to ensure the effective use of management resources and to improve its financial position.
2. Overview of assets to be transferredNo.

Asset Name

Location / Overview

Transferee

Current State

1

Shibuya Konno Bldg.

3-1 Shibuya 3-chome,Activia Properties Inc.

Real estate for rentNot disclosed

Site for cement

Shibuya-ku, Tokyo
Land area: 817.68 m2
Total floor space: 4,331.70 m2
2

Cement Tokyo Service

13-42 Shinonome 2-chome,Station

Koto-ku, Tokyo

service station use

Land area: 10,863.95 m2* The total gain on transfer of the aforementioned assets is estimated at approximately ¥8.5 billion after
deducting the book value of each asset and expenses related to the transfer from the total transfer price.
* In accordance with the agreements enter into with each transferee, we refrain from commenting on thetransfer price and book value of each asset. The transfer price of each asset is based on a valid evaluationand is deemed appropriate.
* In accordance of the relevant non-disclosure agreement pertaining to the transfer of the cement Tokyo
service station, we refrain from disclosing details of the transferee. While the transferee is a business entityin Japan, Tokuyama does not maintain any capital, personal, or transactional ties with this entity. At the sametime, there are no related-party items of any substance to report.

3. Overview of the transferee
1 NameActivia Properties Inc.

2 Location

16-3 Dogenzaka 1-chome, Shibuya-ku, Tokyo

3 Representative

Michie Kawai, Executive Director

4 Business Activities

Asset management based on the Act on Investment Trusts andInvestment Corporations

5 Total unitholders' capital¥150,770 million

6 Date Established

September 7, 2011

7 Relationship with the Company

Not applicable

4. Transfer scheduleNo. 1 Shibuya Konno Bldg.
1 Resolution of the Board of Directors

September 25, 2015

2 Date of Contract Execution

September 25, 2015

3 Date of Property Transfer

October 1, 2015 (planned)

No. 2 Cement Tokyo Service Station
1 Resolution of the Board of Directors

September 25, 2015

2 Date of Contract Execution

September 28, 2015

3 Date of Property Transfer

March 31, 2016 (planned)

5. Extraordinary income
Tokuyama plans to post total gains from the sale of non-current assets as extraordinary income ofapproximately ¥8.5 billion in its consolidated financial statements for the third and fourth quarters of thefiscal year ending March 31, 2016 in line with the transfer of the aforementioned non-current assets.
6. Outlook
The Company is currently taking steps to review its consolidated and non-consolidated financial results
forecasts for the fiscal year ending March 31, 2016. Details will be disclosed in a timely manner should any
revision to financial results forecasts arise.