For the year ended September 30, 2021

Summary ofFinancial Results

1 Summary of Consolidated Financial
Results for the Year Ended September 30, 2021

2 Forecast of Consolidated Financial
Results for the Year Ended March 31, 2022

November 10, 2021
Nippon Chemical Industrial Co., Ltd.

4092

1

Summary of Consolidated
Financial Results for the Year
Ended September 30, 2021

© Nippon Chemical Industrial Co., Ltd.

Consolidated Financial Results for the Year Ended
September 30, 2021
(Millions of yen)

Year ended
September 30,2020Year ended
September 30,2021

Change16,112914

19,3972,312

3,285

Operating profit percentage

5.7%

11.9%

+6.2ptOrdinary profit

2,322
2,025

1,396

Profit925
650

Earnings per share(Yen)

73.99

230.27

Net sales
Operating profit©Nippon Chemical Industrial Co., Ltd.
Any unauthorized reproduction or distribution of all or part of this material is prohibited

1,398

1,375

Change rate

20.4%
153.0%
150.9%
211.3%

3

(Millions of yen)

Decline resulting from rebuilding
supply chains

Inorganic Phosphorus
Compounds

Strongness in industrial uses, LCDs
and semiconductors

OthersSolidness

Phosphine Derivatives

Strongness in plant catalysts andphosphorus raw materials for QD

Agrochemicals

Net sales decline resulting fromslippage in timing of delivery

Battery Materials

Net sales decline resulting fromlowered crude oil prices.

Electronic CeramicMaterials

Strongness in automobile andtelecommunication

Circuit Materials

Solidness for major customers

High Purity Electronic
Materials

Strongness in semiconductors andorganic electronic materials

OthersSolidness

Leasing Business

Solidness

Air-conditioning
Business

Strongness in chemical filters andquantum computers

Book StoreOperation

Weakness

Others©Nippon Chemical Industrial Co., Ltd.
Any unauthorized reproduction or distribution of all or part of this material is prohibited

Solidness

Airconditioning
Business

Net Sales
Operating
ProfitNet Sales
Operating
ProfitNet Sales
Operating
ProfitNet Sales
Operating
ProfitYear ended
September 30, 2021

6,576(50)
7,591
671
456
269
1,057(27)430
18
16,112
914

7,310
565
9,288
1,196
457
266
1,926
258
414
20
19,397
2,312

Change733
615
1,697
5250(3)869

Specialty Chemicals

Leasing
BusinessYear ended
September 30, 2020

285(15)
2
3,285
1,398

OtherNet Sales
Specialty
Chemicals Operating
ProfitTotal

Chromium Compounds Strongness for automobile and steel
Silicates and Silica

Net Sales
Inorganic
Chemicals OperatingProfit

OthersInorganic Chemicals

Earning for the Year Ended September 30, 2021,by Business4Consolidated Balance sheet - Assets(Millions of yen)

As of
As ofMarch 31, 2021 September 30, 2021

[Assets]

Current assets
Cash and deposits
Notes and accounts receivable - trade30,59810,004
11,297

29,773
10,405-(825)
401--

10,310

-

8,788
509
39,59830,874
589
7,044
1,091
70,196

7,893
1,165
40,576
31,739
497
7,496
844
70,350

(895)
656
978
864
(92)
452
(247)
153Notes and accounts receivable - trade,and contract assets
Inventories
Other
Non-current assets
Property, plant and equipment
Intangible assets
Investment securities
OtherTotal assets

Change©Nippon Chemical Industrial Co., Ltd.
Any unauthorized reproduction or distribution of all or part of this material is prohibited5

Consolidated balance sheets - Liabilities & Net assets(Millions of yen)

As ofMarch 31, 2021

[Liabilities & Net assets]
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Other
Non-current liabilities
Long-term borrowings
Retirement benefit liability
Deferred tax liabilities
Liabilities from application of equity method

Other
Total liabilities

As of
September 30, 2021

Change17,525
3,802
8,300
5,423
13,595
7,283
1,387
2,173
424
2,326
31,12017,793
3,225
8,776
5,792
11,587
5,335
1,329
2,485
288
2,147
29,380

268
(577)
475
369
(2,008)(1,947)
(58)
312
(136)
(179)
(1,740)35,365
3,709
39,07570,196

37,101
3,867
40,96970,350

1,736
158
1,894
153

[Net assets]
Shareholders' equity
Accumulated other comprehensive income
Total net assets
Total liabilities and net assets©Nippon Chemical Industrial Co., Ltd.
Any unauthorized reproduction or distribution of all or part of this material is prohibited6

Consolidated Statements of Income(Millions of yen)

Net sales

Cost of sales
Selling, general and administrative expenses
Operating profit

Non-operating income
Non-operating expenses
Ordinary profit

Extraordinary income
Extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
ProfitSix months ended
September 30, 2020

Six months ended
September 30, 2021

16,112
12,707
2,490
914
147
136
925
41
884
148
85
650

19,397
14,360
2,724
2,312
129
119
2,322
552
45
2,829
744
59
2,025

©Nippon Chemical Industrial Co., Ltd.
Any unauthorized reproduction or distribution of all or part of this material is prohibited

Change Change rate

3,285
1,653
234
1,398
(18)
(17)
1,396
552
4
1,945
596
(26)
1,375

20.4%
13.0%
9.4%
153.0%(12.2%)(12.5%)
150.9%

220.0%

211.3%

7

Consolidated Statements of Cash Flows
I Cash flows from operating activities
Profit before income taxes
Depreciation
Gain on sale of shares of subsidiaries and associates
Changes in inventories
Other
II Cash flows from investing activities
Capital expenditure
Proceeds from sale of shares of subsidiaries resulting inchange in scope of consolidation
Other
III Cash flows from financing activities
Changes in loans payable
Cash dividends paid
Other
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash andcashIndustrial
equivalents
at end of period©NipponChemicalCo., Ltd.
Any unauthorized reproduction or distribution of all or part of this material is prohibited(Millions of yen)

As of September
30, 2020

As of September
30, 2021

2,824884
1,405
74
461
(2,047)(1,996)

1,217
2,829
1,510
(552)
458
(3,028)582(1,693)

-

2,227

(51)
(711)
(399)
(307)
(5)
(4)
61
9,315
9,377

48
(1,378)(1,069)
(306)
(3)
10432
9,962
10,3958-

2

Forecast of Consolidated
Financial Results for the Year
Ended March 31, 2022
(There is no revision to the forecast for business performance.)© Nippon Chemical Industrial Co., Ltd.

Forecast of Consolidated Financial Results for the YearEnding March 31, 2022
(Millions of yen)

Net sales
Operating profit
Operating profit margin

Ordinary profit
ProfitEarnings per share (Yen)
Cash dividends (Yen)
Capital expenditures
Depreciation
R & D expenses

Year ended
March 31, 2021

Year ending
March 31, 2022

Actual results

Forecast

ChangeChange rate

34,642
2,783

36,000
4,000

1,358

3.9%

1,217

43.7%

8.0%

11.1%

+3.1pt

2,315
2,182

4,000
2,600

1,685

72.7%

418

19.1%

248.1170

295.60
70

--

4,443
2,875
1,223

5,300
3,200
1,300

857

19.3%

325

11.3%

776.3%©Nippon Chemical Industrial Co., Ltd.
Any unauthorized reproduction or distribution of all or part of this material is prohibited

10Net Sales

Specialty
Chemicals Operating
ProfitLeasing
Business
Airconditioning
Business

Net Sales
Operating
ProfitNet Sales
Operating
ProfitNet Sales

OthersTotalOperating
ProfitNet Sales
Operating
ProfitForecast

14,257434
15,151
1,517
913
535
3,399
182
921
68
34,642
2,783

14,470830
17,900
2,330
913
550
1,875
235
842
55
36,0004,000

Change213
396

Silicates and Silica

Decline resulting from the review of thesupply chain

Inorganic Phosphorus
Compounds

Recovery for industrial use, strongness inLCDs and semiconductors

Other Inorganic Chemicals Solidness expected
Phosphine Derivatives

Increase in catalysts for plants, strongness inphosphorus materials for QD

Agrochemicals

Solidness

Battery Materials

Sales decrease due to decline in crude oil
prices, solidness in quantity

Electronic CeramicMaterials

Strongness for Automobile andcommunication

Circuit Materials

Solidness for major customers

High purity electronicmaterials

Strong demand for semiconductors andmajor customers(79)

Other Specialty
Chemicals

Recovery in barium and others for industrialuse(13)

Leasing business

Solidness

1,358

Air-conditioningbusiness

Unconsolidated after the third quarter due
to selling of stocks

Book store operationWeakness

OtherSolidness

2,749
813
015(1,524)
53

1,217

Specialty Chemicals

Net Sales
Inorganic
Chemicals Operating
ProfitActual results

Other

Year ended March 31, Year ending March 31,
2021
2022

Inorganic Chemicals

Forecast of Earnings for the Year Ending March 31, 2022,
Chromium Compounds
Recovery tendency for automobile and steel
by Business(Millions of yen)

©Nippon Chemical Industrial Co., Ltd.
Any unauthorized reproduction or distribution of all or part of this material is prohibited11

Cautions:
The forecasts of financial results and business plans included in the materials were based on the information available for us as of now and certain
preconditions, and so they do not guarantee our future financial results. Actual financial results, etc., may differ from the forecasts due to a variety of reasons.
Please make decisions on investment by user himself or herself.