Disclaimer: This document is an English translation of the original document in Japanese and has been
prepared solely for reference purposes. In the event of any discrepancy between this English
translation and the original in Japanese, the original shall prevail in all respects.

Consolidated Financial Results
for the Three Months Ended June 30, 2024
[Under Japanese GAAP]
August 7, 2024
Company name: STELLA CHEMIFA CORPORATION
Listing: Tokyo Stock Exchange
Securities code: 4109
URL: https://www.stella-chemifa.co.jp
Representative: Aki Hashimoto, Representative Director, President and Chief Executive OfficerInquiries: Yasuhiko Nakashima, Director, Executive Officer and General Manager, Accounting Department
Telephone: +81-6-4707-1512
Scheduled date to commence dividend payments: ―Preparation of supplementary material on financial results: Yes
Holding of financial results briefing: No(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated Financial Results for the Three Months Ended June 30, 2024 (April 1, 2024 – June 30, 2024)(1) Consolidated Operating Results (cumulative)(% indicates changes from the previous corresponding period.)
Profit attributable toSales revenue
Operating profit
Ordinary profit
owners of parent
Three months ended Millions of yen% Millions of yen% Millions of yen% Millions of yen%
June 30, 2024
8,755
20.0
869
49.3
890
2.9
824
18.7
June 30, 2023
7,298 (25.3)
582 (54.9)
865 (51.5)
694 (46.4)(Note) Comprehensive income: For three months ended June 30, 2024: ¥1,232 million [40.4%]
For three months ended June 30, 2023: ¥878 million [(49.5)%]
Basic earnings
Diluted earnings
per shareper share
Three months endedYenYen
June 30, 2024
68.20–
June 30, 2023
57.79–
(2) Consolidated Financial Position
Total assets
Millions of yen

Net assets
Millions of yen

58,010
As of June 30, 2024
58,618
As of March 31, 2024
(Reference) Equity: As of June 30, 2024: ¥44,397 million
As of March 31, 2024: ¥44,261 million

44,64944,501Equity-to-asset ratio

Net assets per share%

Yen

76.5
75.5

3,686.72
3,679.90

2. Cash DividendsFirstquarter-end

Annual dividends
Thirdquarter-end

Secondquarter-end

Yen

Yen

Fiscalyear-end

Yen

Fiscal year ended–60.00–
March 31, 2024
Fiscal year ending–
March 31, 2025
Fiscal year ending
March 31, 2025
85.00–(Forecast)(Note) Revision to the forecast for dividends announced most recently: NoneTotalYen

Yen

94.00

154.0085.00

170.003. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025 (April 1, 2024 - March 31,2025)(% indicates changes from the previous corresponding period.)
Profit attributable
Basic earnings
to owners ofSales revenue
Operating profit
Ordinary profit
per shareparent
Millions of yen% Millions of yen% Millions of yen% Millions of yen

Full year
34,500 13.3
3,65034.1
3,550
15.8(Note) Revision to the financial results forecast announced most recently: None

2,600%Yen

40.9216.16* Notes:(1) Significant changes in the scope of consolidation during the period: None
Newly included: – (Company name: –)Excluded: – (Company name: –)(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: Yes(3) Changes in accounting policies, changes in accounting estimates and restatement
1) Changes in accounting policies due to revisions to accounting standards and other regulations: None
2) Changes in accounting policies due to other reasons: None
3) Changes in accounting estimates: None
4) Restatement: None
(4) Number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2024:
13,213,248 shares
As of March 31, 2024:
13,213,248 shares
2) Number of treasury shares at the end of the period
As of June 30, 2024:
As of March 31, 2024:

1,170,747 shares
1,185,297 shares

3) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year):Three months ended June 30, 2024:
12,086,937 shares
Three months ended June 30, 2023:
12,014,570 shares* Review of the Japanese-language originals of the attached consolidated quarterly financial statements bycertified public accountants or an audit firm: None* Explanation of the proper use of financial results forecast and other notes
The forward-looking statements in this document, including financial results forecasts, are based on the informationin current possession of the Company and the assumptions it believes are reasonable. They are not intended as theCompany’s promise to achieve them. Note also that actual financial results may differ significantly from them. For
the assumptions that form the basis of financial results forecasts and notes on their use, see “1. Overview of Operating
Results, etc., (3) Explanation of Consolidated Financial Results Forecast and Other Forward-Looking Information”
on page 2 of the Attachments of quarterly consolidated financial results.

Table of Contents - Attachments
1. Overview of Operating Results, etc. ..................................................................................................... 2(1) Overview of Operating Results for the Period under Review .......................................................... 2(2) Overview of Financial Position for the Period under Review .......................................................... 2(3) Explanation of Consolidated Financial Results Forecast and Other Forward-Looking Information.............................................................................................................................................................. 2
2. Quarterly Consolidated Financial Statements and Principal Notes ...................................................... 3(1) Quarterly Consolidated Balance Sheet ............................................................................................. 3(2) Quarterly Consolidated Statements of Income and Comprehensive Income ................................... 5Quarterly Consolidated Statement of Income
Three Months Ended June 30 ....................................................................................................... 5
Quarterly Consolidated Statement of Comprehensive Income
Three Months Ended June 30 ....................................................................................................... 6(3) Notes to Quarterly Consolidated Financial Statements .................................................................... 7(Notes on going concern assumption) ......................................................................................... 7(Notes on Significant Changes to Shareholders’ Equity) ............................................................ 7(Accounting methods adopted particularly for the preparation of quarterly consolidated
financial statements) ................................................................................................................... 7(Notes on segment information, etc.) .......................................................................................... 8(Notes on Quarterly Consolidated Statement of Cash Flows) ………………………………….. 91

1. Overview of Operating Results, etc.
(1) Overview of Operating Results for the Period under Review
During the three months ended June 30, 2024, the Japanese economy showed signs of a gradual recovery thanks
to normalization of economic activity, improvement in the employment and income conditions, increased
inbound tourism demand, and other factors. However, the economic outlook remains uncertain because of therisk of an economic slowdown due to inflation, the negative impact of the depreciation of the yen on the economy,
and other factors.
In this environment, the Group continued to supply a diverse range of fluoride products in line with theneeds of customers, as well as developing the chemical product distribution business based on the unique knowhow acquired in the transportation of special cargo.
In regard to sales revenue for the three months ended June 30, 2024, in the Semiconductors, shipment
volume increased compared to the previous corresponding period due to recovery in the semiconductor market,and shipment volume also increased in the General Products. As a result, sales revenue increased to 8,755
millions of yen (up 20.0% year on year).
In terms of profits, thanks to increased sales revenue, operating profit amounted to 869 millions of yen (up49.3% year on year), ordinary profit amounted to 890 millions of yen (up 2.9％ year on year), and profit
attributable to owners of parent amounted to 824 millions of yen (up 18.7% year on year).
(2) Overview of Financial Position for the Period under Review(Assets)
Current assets at the end of the first quarter of the fiscal year under review decreased by 923 millions of yen(3.2%) from the end of the previous fiscal year to 28,079 millions of yen. The main reasons for this decrease
were a decrease of 1,789 millions of yen in cash and deposits, and an increase of 587 millions of yen in notes
and accounts receivable - trade. Non-current assets increased by 315 millions of yen (1.1%) from the end of theprevious fiscal year to 29,931 millions of yen. The main reasons for this increase were an increase of 114 millionsof yen in property, plant and equipment, and an increase of 229 millions of yen in investments and other assets.
Consequently, total assets at the end of the first quarter of the fiscal year under review decreased by 607
millions of yen from the end of the previous fiscal year to 58,010 millions of yen.
(Liabilities)
Current liabilities at the end of the first quarter of the fiscal year under review decreased by 646 millions of yen(7.3%) from the end of the previous fiscal year to 8,243 millions of yen. The main reason for this decline was adecrease of 445 millions of yen in electronically recorded obligations facilities. Non-current liabilities decreasedby 108 millions of yen (2.1%) from the end of the previous fiscal year to 5,118 millions of yen. The main reason
for this decrease was a decrease of 203 millions of yen in long-term borrowings.
Consequently, total liabilities at the end of the first quarter of the fiscal year under review decreased by
755 millions of yen from the end of the previous fiscal year to 13,361 millions of yen.
(Net assets)
Total net assets at the end of the first quarter of the fiscal year under review amounted to 44,649 millions of yen,
an increase of 147 millions of yen from the end of the previous fiscal year. The main reasons for this growth
were an increase of 396 millions of yen in foreign currency translation adjustment and a decrease of 319 millionsof yen in retained earnings due to a dividend increase.
Consequently, the equity-to-asset ratio was 76.5% (75.5% at the end of the previous fiscal year).

(3) Explanation of Consolidated Financial Results Forecast and Other Forward-Looking Information
Consolidated financial results forecasts for the fiscal year ending March 31, 2025 have not been revised from theforecasts announced on May 10, 2024.

22. Quarterly Consolidated Financial Statements and Principal Notes(1) Quarterly Consolidated Balance Sheet(Millions of yen)
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Electronically recorded monetary claims - operating
Merchandise and finished goods
Work in process
Raw materials and supplies
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Land
Leased assets
Construction in progress
Other, net
Total property, plant and equipment
Intangible assets
Other
Total intangible assets
Investments and other assets
Other
Total investments and other assets
Total non-current assets
Total assets

3

As of June 30, 2024

16,225
6,775
25
2,322
1,787
1,366
513
(14)
29,002

14,436
7,362
26
2,157
1,952
1,611
546
(16)
28,079

8,684
4,583
5,467
1384,308
2,245
25,426

8,710
4,761
5,467
132
4,294
2,174
25,541

149
149

121
121

4,039
4,039
29,61558,6184,268
4,268
29,93158,010(Millions of yen)
As of March 31, 2024
Liabilities
Current liabilities
Accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Current portion of long-term borrowings
Accounts payable - other
Income taxes payable
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Electronically recorded obligations facilities
OtherTotal current liabilities
Non-current liabilities
Long-term borrowings
Provision for retirement benefits for directors (andother officers)
Provision for share awards
Retirement benefit liability
Asset retirement obligations
OtherTotal non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

4

As of June 30, 2024

1,278
688
2,000
978
1,126
151
390

1,551
958
2,000
921
771
254
199

41

4

1,186
1,047
8,890

741
840
8,243

1,949

1,745

27

28

143
972
719
1,413
5,226
14,116

154
971
733
1,484
5,118
13,361

4,829
8,797
31,655(2,957)42,324

4,829
8,818
31,336(2,921)42,063

110
1,826
1,936
240
44,501
58,618

110
2,223
2,333
251
44,64958,010(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statement of Income
Three Months Ended June 30(Millions of yen)

Sales revenue
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Gain on valuation of derivatives
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity
methodLoss on valuation of derivatives
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on change in equity
Total extraordinary income
Extraordinary losses
Loss on abandonment of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

For the three months ended
June 30, 2023
7,298
5,751
1,546
964
582

For the three months ended
June 30, 2024
8,755
6,922
1,833
963
869

6156
150
29343

13－101
24
139

56

53

101

－
160
865

3
6
118
890

4
70
75

3
136
139

33
937
251
686(7)
694

00
1,029
204
825
0824

5Quarterly Consolidated Statement of Comprehensive Income
Three Months Ended June 30(Millions of yen)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

For the three months ended
June 30, 2023
686

For the three months ended
June 30, 2024
825

20124

0307

4699

191
878

407
1,2328801,221

(2)

116

(3) Notes to Quarterly Consolidated Financial Statements(Notes on going concern assumption)
Not applicable.
(Notes on Significant Changes to Shareholders’ Equity)
Not applicable.
(Accounting methods adopted particularly for the preparation of quarterly consolidated financial statements)(Calculation of tax expenses)
The Company has calculated tax expenses by reasonably estimating the effective tax rate after the application oftax effect accounting to profit before income taxes for the fiscal year including the first quarter of the fiscal yearunder review and multiplying profit before income taxes by the estimated effective tax rate.

7(Notes on segment information, etc.)
I. For the three months ended June 30, 2023 (from April 1, 2023 to June 30, 2023)
1. Information on sales revenue and profit or loss by reportable segment(Millions of yen)
Reportable segment

Other(Note)

TotalHigh-purity
ChemicalTransportation

6,217

1,041

7,258

39

7,298

－728

728

63

792

6,217

1,769

7,986

103

8,090

518

67586

(1)

585

Sales revenue
Sales revenue tooutside customers
Inter-segment sales
revenue or transfers
Total
Segment profit (loss)

Total(Note) The “Other” category is for non-reportable business segments, including insurance agency business andautomobile maintenance business.

2. Difference between the total amount of reportable segment profit or loss and the amount in the quarterly
consolidated statement of income and main details of this difference (matters relating to difference adjustments)(Millions of yen)
ProfitAmountReportable segment total

586

Profit (loss) in “Other” category(1)

Inter-segment elimination(2)

Operating profit in the quarterly consolidatedstatement of income582

3. Matters relating to changes in reportable segments, etc.
Not applicable.
4. Information on impairment losses on non-current assets or goodwill, etc. by reportable segment
Not applicable.

8II. For the three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)
1. Information on sales revenue and profit or loss by reportable segment(Millions of yen)
Reportable segment

Other(Note)

Total

High-purity
ChemicalTransportation

7,602

1,122

8,725

29

8,755

33

897

930

56

986

Total

7,636

2,020

9,656

85

9,742

Segment profit

669204873

1874

Sales revenue
Sales revenue tooutside customers
Inter-segment sales
revenue or transfers

Total(Note) The “Other” category is for non-reportable business segments, including insurance agency business andautomobile maintenance business.

2. Difference between the total amount of reportable segment profit or loss and the amount in the quarterly
consolidated statement of income and main details of this difference (matters relating to difference adjustments)(Millions of yen)
ProfitAmountReportable segment total

873

Profit in “Other” category

1Inter-segment elimination(5)Operating profit in the quarterly consolidated
statement of income

869

3. Matters relating to changes in reportable segments, etc.
Not applicable.
4. Information on impairment losses on non-current assets or goodwill, etc. by reportable segment
Not applicable.
(Notes on Quarterly Consolidated Statement of Cash Flows)
There is no quarterly consolidated statement of cash flows for the three months ended June 30, 2024.
Depreciation (including amortization of intangible assets) is as follows for the three months ended
June 30, 2023 and the three months ended June 30, 2024.

DepreciationFor the three months ended
June 30, 2023

For the three months ended
June 30, 2024

¥682 million¥647 million

9