Notice of Conclusion of a Capital and Business Alliance Agreement
With ADEKA Corporation
Nihon Nohyaku Co., Ltd.
Dear customers and partners,
Thank you very much for your continued support of Nihon Nohyaku.
On August 21, 2018, Nihon Nohyaku Co., Ltd. (hereinafter referred to as Nihon Nohyaku) has
signed a capital and business alliance agreement with ADEKA Corporation (hereinafter referred toas ADEKA) to support the tender offer of our shares and to allot new shares to ADEKA, with the aimof strengthening our capital base and creating synergies with ADEKA.
As a result, we will be a consolidated subsidiary of ADEKA, and as a member of the ADEKA group,
we will make a new start.
Originally, we were founded in 1928 as a separate and independent company from the agrochemical
division of Asahi Denka Kogyo KK. (current ADEKA). Since then, we have built good relationships
through technological cooperation and personnel exchanges for many years. In recent years, ADEKA
has been working to strengthen its business in the life science field as a growing area. Under thiscapital and business alliance agreement, we have agreed to work together to achieve further growthin the agrochemical and other life science businesses, and to take various measures to enable Nihon
Nohyaku to make a leap forward. In addition, under the capital and business alliance agreement,
Nihon Nohyaku will be a 51% owned subsidiary of ADEKA, but we both have agreed that Nihon
Nohyaku will maintain secure independent management, listing on the First Section of the Tokyo
Stock Exchange, and the name of the company.
As an R&D-focused company, Nihon Nohyaku will continue to create high-quality products createdthrough cutting-edge science and technology, and will continue to be a company that is trusted andneeded by customers as a partner.
Through this capital and business alliance agreement, we will further stabilize our managementbase and to pursue more aggressive management strategies and grow as a global company.
We ask for your continued support.
Best regards,

Yosuke Tomoi
Representative Director, President
August 21, 2018

Outline of ADEKA
（１）
（２）
（３）
（４）

Company Name
Location of Head Office

ADEKA Corporation
7-2-35 Higashi-ogu, Arakawa-ku, Tokyo 116-8554,
Japan

Name andPresident and Chief Operating Officer

Title of Representative

Hidetaka Shirozume

Business Description

Manufacturing and sales of IT chemicals, Advanced
Chemicals, Basic Chemicals, and food products（５）

Capital22.9 billion yen（As of June 30, 2018）（６）

Date of Establishment

January 27, 1917

（７）

Number of Share Issued

103,651,442( As of June 30, 2018)（８）

Fiscal Year End

March

（９）

Number of Employees（Consolidated）3,551（As of March 31, 2018）（10）

Operating Results and Financial Position for the Past 3 Years
Fiscal Year End

Consolidated Net Assets (mil. yen)
Consolidated Net Total Assets(mil. yen)
Consolidated Net Assets per Share(yen)Consolidated Net Sales (mil. yen)
Consolidated Operating Profit(mil. yen)
Consolidated Ordinary Profit(mil. yen)
Profit Attribute to Owners of Parent(mil. yen)
Consolidated Earnings Per Share (yen)Dividends Per Share (yen)FY Ending in

FY Ending in

FY Ending inMarch, 2016

March, 2017

March, 2018

170,586

187,956

205,088

270,038

290,485

312,920

1,646

1,813

1,979

222,746

223,440

239,612

19,30021,041

21,335

19,56921,84622,337

13,25915,323

15,346

127.9

147.9

148.1

28

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