February 6, 2013
Taiyo Nippon Sanso Corporation

Consolidated Financial Performancefor the First Three Quarters of Fiscal Year 2013
(Based on Japan GAAP)

1. Financial results for the first three quarters (April 1, 2012 – December 31, 2012)(1) Operating results
Net sales(¥ million)

YoY
ChangeOperating income(¥ million)

YoY
ChangeFirst threequarters of343,464(1.4)%
19,071 (15.8)%
FY2013First threequarters of348,464(1.9)%
22,637 (14.9)%
FY2012
Note: Comprehensive income
First three quarters of FY2013: ¥(4,230 million) [―%]First three quarters of FY2012: ¥7,548 million [up 48.1%](Amounts less than ¥1 million are omitted)
Ordinary income
Net income(¥ million)

YoY
Change(¥ million)

YoY
Change18,082(18.9)%(4,622)―%

22,292(14.8)%

16,91012.0%First three quarters of FY2013

Earnings pershare (Yen)(11.65)

Diluted earnings
per share (Yen)―First three quarters of FY2012

42.51

―

Total assets(¥ million)

Net assets(¥ million)

Equity ratio (%)

209,768

31.9

219,61133.1(2) Financial position
First three quarters of594,968
FY2013 (December 31, 2012)
FY2012 (March 31, 2012)
607,024
Reference: Equity
First three quarters of FY2013: ¥190,017 million
FY2012 full term: ¥200,835 million

12. Forecasts for business operations for FY2013(full term; April 1, 2012 – March 31, 2013)
Net sales(¥ million)

FY2013(full term)

474,000

Operatingincome
YoY(¥ million)

Ordinary income

YoY(¥ million)

YoY

ChangeChangeChange(0.7)%

26,300 (15.3)%

24,300 (18.3)%

Net income(¥ million)

YoY

Earnings
per share(Yen)

Change0 (100.0)%

0.00

Note: No revisions have been made to recently announced forecasts.
3. General information relating to the first three quarter results
Overall business performance (consolidated basis)
In the first three quarters (April 1-December 31, 2012) of the fiscal year under review, theworld economy decelerated overall mainly because of the recession in the Eurozone causedby the prolonged sovereign debt crisis, the sluggish U.S. economy, and a slowdown of
economic growth in China and other emerging countries. The Japanese economy remainedsluggish due to the persistently strong yen and deflation. This occurred despite heightened
anticipation that the new government’s monetary easing and economic policies will lead toa rebound in the economy.
Against this backdrop, net sales for the first three quarters (on a consolidatedbasis) dipped 1.4% year on year to ¥343,464 million, operating income fell 15.8% to¥19,071 million, and ordinary income declined 18.9% to ¥18,082 million. Moreover, weincurred a net loss of ¥4,622 million (compared with net income of ¥16,910 million in thefirst three quarters of the previous fiscal year). This result was attributable to the posting ofan extraordinary loss of ¥23,300 million following the Company’s withdrawal from its
joint monosilane gas production business.
A breakdown of business performance by operational segment is as follows.
(1) Industrial Gases Business
Sales of oxygen and nitrogen rose slightly year on year due primarily to firm production
rates in the steel industry, a key user of these gasses, and strong automobile production.
Although sales of machinery and equipment, particularly air separation plants, climbed
year on year, cutting and welding equipment and materials sales fell. In overseas markets,sales in North America grew moderately year on year amid a gradual economic recovery.
Sales in Asia increased substantially year on year largely thanks to new consolidation
effects.
As a result, sales of Industrial Gases Business increased 2.7% year on year to¥221,474 million, while operating income edged up 0.3% to ¥16,857 million.

2(2) Electronics Business
Sales to the electronics industry were weak amid sluggish demand for semiconductors,
LCD panels, solar cells, and other products. Sales of electronic materials gases andelectronics-related equipment and installations dropped sharply year on year. Sales ofsemiconductor manufacturing equipment decreased due to stagnant equipment investment
among demand industries.
As a result, sales in the Electronics Business fell 15.6% year on year to ¥69,520
million, and operating loss totaled ¥552 million (compared with operating income of¥4,029 million for the first three quarters of the previous fiscal year).
(3) Energy BusinessAlthough the sales volume of LP gas decreased slightly year on year, the Company has
focused on such measures as revising sales prices and reducing costs.
As a result, sales in Energy Business increased 3.5% year on year to ¥27,908
million, while operating income jumped 23.6% to ¥1,111 million.
(4) Other Businesses
In the Medical Business, sales of medical devices and equipment were brisk. In theThermos Business, sales climbed year on year thanks to strong sales of ultra-light andcompact portable mugs and food containers.
As a result, sales in Other Businesses increased 4.5% year on year to ¥24,560
million, while operating income grew 32.6% to ¥2,546 million.
4. Segment information(1)First Three Quarters, FY2012 (April 1, 2011 to December 31, 2011)(¥ million)
Industrial Gases
BusinessSales(1) Sales to externalCustomers(2) Sales frominter-segment
transactions andtransfers
Total
Operating income[Segment earnings]

Reportable segment
Electronics
EnergyOther Businesses
BusinessBusiness(Note 1)

Total

Adjustments(Note 2)

Consolidated

215,633

82,362

26,971

23,496348,464-

348,464

1,619

56

1,886

2,003

5,566

(5,566)-217,253

82,41828,85725,500354,030(5,566)348,464

16,811

4,029

898

1,920

23,659(1,022)

22,637Notes
1. Other Businesses include the Medical Business, Thermos Business and real estate operations.
2. The ¥1,022 million negative adjustment for segment earnings comprises ¥130 million ofinter-segment eliminations and companywide expenses of ¥891 million that were not allocated toany particular reportable segment. These companywide expenses relate principally to basic
researches that were not particularly allocated to reportable segments.

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(2)First Three Quarters, FY2013 (April 1, 2012 to December 31, 2012)(¥ million)
Reportable segment
IndustrialGases
BusinessSales(1) Sales to external
Customers(2) Sales frominter-segment
transactions andtransfers
Total
Operating income(loss)[Segment earnings(loss)]

Adjustments(Note 2)

Consolidated

343,464-

343,464

1,964

4,726

(4,726)-29,326

26,525348,190(4,726)343,464

1,111

2,546

19,962(891)

19,071OtherBusinesses(Note 1)

Electronics
Business

EnergyBusiness

221,474

69,52027,90824,560

1,233

111

1,417

222,707

69,631

16,857(552)

TotalNotes
1. Other Businesses include the Medical Business, Thermos Business and real estate operations.
2. The ¥891 million negative adjustment for segment earnings (loss) comprises ¥188 million ofinter-segment eliminations and companywide expenses of ¥1,080 million that were not allocated toany particular reportable segment. These companywide expenses relate principally to basic
researches that were not particularly allocated to reportable segments.

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