(Note) This document has been translated from the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail.

September 22, 2022
Company Name: Tokuyama Corporation
Representative Name: Hiroshi Yokota,
Representative Director, President and Executive Officer(Code No. 4043, Prime Market, TSE)
Contact: Tetsuya Nakano, General Manager
Corporate Communications & Investor Relations Dept.
TEL: +81-3-5207-2552

Notice concerning Absorption-type Merger (Simplified Merger) of Consolidated Subsidiary
With a resolution at a meeting of Board of Directors held on September 22, 2022, Tokuyama Corporation(hereinafter referred to as “the Company,” “Tokuyama” or “we”) hereby announces that the Company willabsorb Tokuyama Information Service Corporation (hereinafter referred to as “Tokuyama InformationService”), the Company’s wholly owned subsidiary, effective January 1, 2023.
Since the merger is simplified merger of a wholly owned subsidiary, therefore certain disclosure items anddetails are omitted.

1. Purpose of Merger
Tokuyama Information Service is providing the service about information system to us and our groupcompanies. The Company has decided to absorb Tokuyama Information Service to strengthen the IT
governance, develop the cybersecurity infrastructure, and expand the IT support services at our groupcompanies further in an integrated manner.

2. Outline of Merger(1) Schedule of Merger･ Resolution of the Company’s Board of Directors relating tothe merger

September 22, 2022

September 22, 2022 (planned)･ Conclusion of merger agreement
January 1, 2023 (planned)･ Date of merger (effective date)
Note: The merger is, for the Company, a simplified merger under the provisions of Paragraph 2 ofArticle 796 of the Company Act. Therefore the Company will not hold a general meeting ofshareholders to carry out the merger.
(2) Method of Merger
It is an absorption-type merger in which the Company is the surviving company, and Tokuyama Information
Service will be dissolved.
(3) Allotment Details pertaining to Merger
1The Company, which owns all outstanding shares in Tokuyama Information Service, neither grants nor allots
any shares or other consideration included money pertaining to the merger.
(4) Treatment of stock acquisition rights and bonds with stock acquisition rights of the merged companyNot applicable.
3. Overview of the Companies involved in Merger
Surviving company(1) Company Name
Tokuyama Corporation

Company being merged
Tokuyama Information ServiceCorporation(2) Location
1-1 Mikage-cho, Shunan City, Yamaguchi 1-7 Shinjukudori, Shunan-shi,
Yamaguchi(3) Name and Title ofHiroshi Yokota, Representative Director, Yukio Miyake, Representative Director
Representative
President and Executive Officerand President(4) Description ofProduction and sales of inorganic andThe following services starting from theBusinessorganic industrial chemicals,
Tokuyama Group;
cement ,building materials, electrical･ Planning and proposal ofmaterials, life science, eco businessinformation strategies･ Business and information systemdevelopment, operation, andmaintenance･ Divisional system development,
operation, and maintenance･ Planning, development, and operationof infrastructure(5) Capital
10,000 million yen
20 million yen(6) Establishment
February 1918
January 2003
(7) Number of72,088,327 shares
400 shares
Outstanding Shares(as of March 31, 2022)(as of March 31, 2022)(8) Fiscal Year End
March 31
March 31(9) Major Shareholders
The Master Trust Bank of Japan, Ltd.
Tokuyama Corporation
100%
and Ratios of(trust account)
18.71%
Shareholding
Custody Bank of Japan, Ltd.
(trust account)
5.54%
Nippon Life Insurance Company
3.02%
The Yamaguchi Bank, Ltd.
2.29%
Meiji Yasuda Life Insurance Company
2.07%(as of March 31, 2022)(10) Financial Position and Results in Preceding Fiscal Year (Unit: Millions of yen, except per share amounts)
Fiscal year ended March 31,
Fiscal year ended March 31, 2022(Non2022(Consolidated)consolidated)
Total Assets
433,210
1,217
Net Assets
232,917557
Net Assets per share
3,120.25
1,393,465.71
Sales
293,830
2,447
Operating Income24,539
148
Ordinary Income
25,855
148
Profit (Loss)
28,00097
2

Earnings (Loss) per share

389.09243,162.39

4. Conditions after Merger
The merger does not affect the Company’s name, location, representative’s title and name, business content,
paid in capital or fiscal year end.
5. Future Outlook
Since the merger only involves the Company and its wholly-owned subsidiary, and has no significant impact
on the consolidated financial results of the Company, its impact on consolidated business performance of thefiscal year ending March 31, 2023 will be negligible.
Reference: Consolidated Performance Forecast for the Fiscal Year Ending March 31, 2023 (released on April28, 2022) and Actual Result of the Fiscal Year Ended March 31, 2022.
Profit (Loss)
OperatingOrdinary
Net Sales
attributable toIncome
Incomeowners of parent
Consolidated earnings
Millions of Yen
Millions of Yen
Millions of Yen
Millions of Yen
forecast for FY ending
360,000
24,50025,00017,500March 31, 2023
Actual result for FY ended
293,830
24,53925,85528,000March 31, 2022(Note) The performance forecast and other forward-looking statements contained in this material have been preparedon the basis of information available at this point and certain assumptions which are judged to be rational, andmay be substantially different from the actual performance because of various factors that may arise from nowon.

3