Business Segments
In the Mid-term Business Plan “Vista2027”, we have set “expand market shares and profits of existing businesses” as oneof the basic strategies. While keeping a close eye on changes in the environment surrounding our customers and markets, we will promote the expansion of existing products, which are the source of growth, and the steady development ofnew products.

Chemicals

Performance
Materials

Our Chemicals business started with the manufacture of sulfuric acid and ammonia, which are basic
raw materials for fertilizer. In addition to general industrial use, we provide our customers with products and technologies that are used in a wide rangeof fields, including high-purity chemicals for electronic material applications, high-grade urea solution for removing air pollutants, and isocyanuric
acid derivatives for use in water quality improvement applications.

Advancements in semiconductors, sensors, and displays are required to realize a smart society. Performance Materials Division contributes to the realization of a smart society through the expansion ofapplications for existing products and the development of new products in the three pillars of displays,
semiconductors, and inorganic materials.

Sales (left axis)(billion yen)Social Issues and Needs
Advent of a smart society
Escalation of global environmental issues
Emergence of new needs in various fields
reflecting social issues

Business VisionProduct development focused on advanceduser requirements
Provision of products and technologies that
contribute to solving social issues

5040

34.3

203.8

Expansion of IoT and 5G communications,evolution of AI and autonomous driving
technology
Response to carbon neutrality

Business Vision
Development and provision of key materials
that contribute to the realization of a smartsociety
Development of new environmental-friendly
materials

Agricultural
Chemicals

Healthcare

Planning andDevelopment
Division

Since entering the pharmaceutical business in 1982,
Nissan Chemical has developed and launched various products. With the technology we have cultivated so far, Healthcare Division will provide superior
pharmaceuticals and medical materials for the sakeof irreplaceable lives and smiles around the world.

The mission of the Planning and Development Division is to create new materials and new businesses
that will become future pillars in the fields of Information & Communication, Environment & Energy,and Life Science. As a future- creating company, wewill challenge the unlimited possibilities of chemistry and strive to create high value-added productsthat meet the “trust” of our customers.

Social Issues and Needs
Stable food supply
Growing need for low-risk pesticides that
reduce residual agrochemicals in harvested
crops and reduce environmental burden
Agricultural sustainability, transition tosmart-agriculture

Social Issues and Needs
Growing importance of medical services andpharmaceuticals due to low birthrate and aging
population
Growing awareness of extending healthy life
expectancy
Safer and more effective pharmaceuticals in addition
to personalized medicine and preventive medicine

Social Issues and Needs
Solving social issues that arise toward asustainable society, such as climate change
issues, global environmental conservation,
low birthrate and aging population , andtransformation to a smart society, etc.

Business Vision
Provision of chemically synthesized
agrochemicals with distinctive features
Development of biological agrochemicals
Provision of services for smart agriculture100In addition to the manufacturing of
conventional pharmaceuticals, themanufacturing of new products in the broader
healthcare area, including medical materials
Contribution to solving health issues byaddressing unmet medical needs

Business Vision
Building new businesses that contribute tosolving social issues
Co-creation of new materials that meet market
and customer needs and promotion of realdemand for them by deepening coretechnologies, introducing new technologies,
and integrating them

2020

2021

65.5
26.0

80
60
40

71.6

17.0

20

2019

53

Integrated Report 2023

2022

81.7

40

19.3

20

25.4

26.5

2020

2022

7.0

6.7

2021

2

6.0
0.4

0.902019

2020

23.6
2023

2021

2022

2027 (FY)

0(plan)

(%)

40

7.2

30

2.1

2023

2024(forecast)1020(plan)

102027 (FY)

0(plan)Chemicals 1.4

38.3

Total

Agricultural
Chemicals

Performance
Materials

23.1

Other Asian
countries

Total

52.3

29.3

Performance
Materials

25.4

82.6

54

21.0

Europe, USA,
etc.

228.1

Nissan Chemical Corporation

20

2.3

39.0

81.6

404.3

Chemicals

Agricultural
Chemicals0(plan)

11.5

38.3

Healthcare 3.02027 (FY)Operating margin (right axis)●FY2022 Segment results and sales according to region
Others*1 ‒0.6
Others*1 18.2

Healthcare 6.7

2010

21.7(plan)

6.0
3.0

38.0

30

2024(forecast)

Operating profit (left axis)

2.8(%)

40

82.3

77.8

23.1

6.7

117.2

Operating margin (right axis) (%)

28.0

44.8(plan)32.1(plan)

28.3

2022

2027 (FY)

12108
6
4
2
030

2024

84.2

81.6

18.1

6.6

12.9

42023(forecast)

Operating profit (left axis)

42.4

106

87.5

102.9

27.6
2021

3.9

Operating margin (right axis)

22.4

128(plan)

30.3

Sales (left axis)(billion yen)2024

30.818.2

20192023(forecast)

82.6

63.8
64.0
65.8
30.2
28.5
27.5

60

3.5

Operating profit (left axis)

100
80

3.2

33.8

2020

Sales (billion yen)

Nissan Chemical Corporation

3.6
1.4

31.3

Sales (left axis)(billion yen)0

Business Vision

2019

Sales (left axis)

0

Agricultural Chemicals Division provides customers
with agrochemicals, agents for green space management, and veterinary pharmaceuticals based on theidea of a stable food supply for people around theworld and agrochemicals that are also friendly to
the global environment. As a company that provides
products which contribute to a stable food supply,
we are promoting various efforts to solve social issues.

3.8

120

40.1

37.6
7.7

4.7
1.5

(billion yen)

Operating margin (right axis) (%)

41.3

37.610.1 39.0

1.3

100

Social Issues and Needs

31.9

30

Operating profit (left axis)

Operating profit (billion yen)

Total

228.1

Japan

105.9

South Korea

24.0 China
30.5

Sales according to region*2 (billion yen)

*1 Others: trading, others, and adjustment*2 S ince figures are rounded off to the nearest unit, discrepancies mayexist between total and sum of itemized amounts.

Integrated Report 2023

Value Creation & Growth Strategies* Organizational restructuring was implemented in April 2022. Figures for FY2019-2020 are for the former organizational classification; figures for FY2021 and thereafter are after changing the organizational classification.