November 6, 2009
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: +81-3-3499-8023

Tokuyama Corporation Announces Revised Performance Forecast

Based on the current performance trend, Tokuyama Corporation has revised theperformance forecast, announced on May 12, 2009, for First Half Fiscal 2009 (April 1,2009 to September 30, 2009) and Fiscal 2009 (April 1, 2009 to March 31, 2010), as
described below.

1. Revised Consolidated Performance Forecast for Fiscal 2009(1) Performance Forecast for First Half Fiscal 2009 (consolidated)(April 1, 2009 to September 30, 2009)(Unit: Millions of yen)
Net sales

Previous forecast : (A)(May 12, 2009)
Newly revised forecast :(B)Change: (B)－(A)Rate of change (%)[Reference]First Half Fiscal 2008

Operating

Ordinary

incomeincomeNet income
Net income

per share(yen)

134,000

7,500

6,500

3,000

10.95

130,700

8,300

7,000

4,200

14.67

(3,300)800

500

1,200－

(2.5)

10.7

7.7

40.0－

160,145

14,643

14,478

8,860

32.31

(2) Performance Forecast for Fiscal 2009 (consolidated)(April 1, 2009 to March 31, 2010)(Unit: Millions of yen)
Net sales

Previous forecast : (A)(May 12, 2009)
Newly revised forecast :(B)Change: (B)－(A)Rate of change (%)[Reference] Fiscal 2008

Operating

Ordinary

incomeincomeNet income
Net income

per share(yen)

286,000

20,00018,00010,00036.49

270,000

15,00012,500

7,000

24.45

(16,000)(5,000)(5,500)(3,000)－(5.6)(25.0)(30.6)(30.0)－

300,999

22,73820,359(5,597)(20.42)

2. Revised Non-consolidated Performance Forecast for Fiscal 2009(1) Performance Forecast for First Half Fiscal 2009 (non-consolidated)(April 1, 2009 to September 30, 2009)(Unit: Millions of yen)
Net sales

Previous forecast : (A)(May 12, 2009)
Newly revised forecast :(B)Change: (B)－(A)Rate of change (%)[Reference]First Half Fiscal 2008

Operating

Ordinary

incomeincomeNet income
Net income

per share(yen)

93,000

8,500

7,500

4,000

14.60

89,900

7,900

5,600

3,100

10.83

(3,100)(600)(1,900)

(900)

－

(3.3)

(7.1)

(25.3)(22.5)－

109,755

13,66913,629

9,075

33.09

(2) Performance Forecast for Fiscal 2009 (non-consolidated)(April 1, 2009 to March 31, 2010)(Unit: Millions of yen)
Net sales

Previous forecast : (A)(May 12, 2009)
Newly revised forecast :(B)Change: (B)－(A)Rate of change (%)[Reference] Fiscal 2008

Operating

Ordinary

incomeincomeNet income
Net income

per share(yen)

200,000

20,00018,00010,00036.49

185,000

14,00011,000

6,000

20.95

(15,000)(6,000)(7,000)(4,000)－(7.5)(30.0)(38.9)(40.0)－

202,642

22,327

19,914(5,792)(21.13)

3. Reasons for the revision(Performance Forecast for First Half Fiscal 2009)
As for the consolidated performance forecast, profits are expected to be above what wasexpected in the previous forecast, as some subsidiaries had better results than we hadexpected. As for the non-consolidated performance forecast, both net sales and profits areexpected to fall short of the previous forecast, due to, among others, a decline in sales
volume, and a foreign exchange loss and stock issue costs recorded as the non-operatingexpenses.
(Performance Forecast for Fiscal 2009)
As for the full-year performance forecast on a consolidated and a non-consolidated basis, it
is expected that both net sales and profits will fall short of the previous forecast, as wejudge that there will not be a recovery of demand in the second half of this fiscal year,
which was taken into account in the previous forecast.
Based on these factors, we have revised the performance forecast, announced on May 12,2009.
※ The above-mentioned performance forecast has been prepared on the basis of

information available at this point and certain information which is judged to be rational,
and may be substantially different from the actual performance because of various factorsthat may arise from now on.