Consolidated Financial Results Highlights
for the Fiscal Year Ended March 31, 2022
[Japanese GAAP]
April 28, 2022
Company Name: HARIMA CHEMICALS GROUP, INC.
Code Number: 4410
(URL: www.harima.co.jp)
Stock Exchange Listing: Tokyo Stock Exchange
Representative: Yoshihiro Hasegawa, President
Contact: Kiyotaka Uetsuji, Managing Director, Accounting Section Director
Phone: +81-6-6201-2461
Scheduled date of Ordinary General Shareholders’ Meeting: June 23, 2022
Scheduled submission date of Securities Report: June 24, 2022
Scheduled date to commence dividend payments: June 24, 2022
Availability of supplementary briefing material on Financial Results: Available
Schedule of Financial Results briefing session: Not scheduled(Figures are rounded down to the nearest million yen)

1. Consolidated Financial Results for the Fiscal Year Ended March 2022 (From April 1, 2021 toMarch 31, 2022)(1) Consolidated Results of Operations(% indicates changes from the same period of the previous year)
Net income attributable toHarima Chemicals
Group,INC
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
FY Ended March 31, 2022
76,093
21.1
3,250
106.2
3,433214.0
1,746
60.0
(69.5)(50.8)FY Ended March 31, 2021
62,850(12.5)
1,576(58.0)
1,093
1,091
(Note) Comprehensive income: FY Ended March 31, 2022: 3,805million yen [ 378.9%], FY Ended March 31, 2021: 794million yen [(53.1%)]
Net sales

Operating income

Net income per share

Fully diluted net income
per share

Return on equity

Yen%

Yen

FY Ended March 31, 2022
69.42
FY Ended March 31, 2021
43.44
(Reference) Equity in net income (loss) of affiliated companies:

Ordinary income

Return on assets－4.9－
3.1FY Ended March 31, 2022: 292 million yen,
FY Ended March 31, 2021: (110) million yen

Operatingprofit on sales%%

4.6
1.6

4.3
2.5

(2) Consolidated Financial Position
Total assets

Net assets

Equity ratio

Net assets per share%
At March 31, 2022
78,905
40,10446.6
At March 31, 2021
69,39037,441
49.8(Reference) Equity: FY Ended March 31, 2022: 36,741million yen, FY Ended March 31, 2021: 34,565million yen
Millions of yen

Millions of yen

Yen

1,459.97
1,375.27(3) Consolidated Cash FlowsFY Ended March 31, 2022
FY Ended March 31, 2021

Cash flows from operating
activities

Cash flows from investing
activities

Cash flows from financing
activities

Cash and cash equivalents
at Year end

Millions of yen

Millions of yen

Millions of yen

Millions of yen

2,833
3,007

(3,438)(1,858)2,106(1,564)

5,338
3,421

1

2. Dividends
Annual dividend

1Q

2Q
Yen

FY Ended March 31, 2021
FY Ended March 31, 2022
FY Ending March 31,2023(Forecast)

3Q
Yen

Year end
Yen

Dividend

Dividend
payout ratio(Total)(Consolidated)

Total

Yen

Yen

Millions of yen－－

19.00
19.00

－－

19.00
19.00

38.00
38.00

955956

－

19.00

－

19.00

38.00

%
87.5
54.7

Dividend onequityratio(Consolidated)
%
2.7
2.7

47.8

3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2023 (From April
1, 2022 to March 31, 2023)
Net sales
Millions of yen

2Q(cumulative)
Full year

44,00088,000(% indicates changes from the same period of the previous year)
Net income attributable
Net income
Ordinary income
to Harima Chemicals
per share
Group,INC.
Millions of yen
Millions of yen
Yen%%1,400(31.1)
1,000 (20.2)
39.74
2,800(18.5)
2,000
14.5
79.47

Operating income%
21.1
15.6

Millions of yen

1,0002,000%(48.7)(38.5)

4. Others(1) Significant changes of subsidiaries during period under review (affecting specific subsidiaries due tochanges in scope of consolidation): None
Newly included: 0 (Company name: ) Excluded: 0 (Company name: )(2) Changes in accounting policies, changes in accounting estimates and corrections of errors(i) Changes in accounting policies accompanying the revisions to items such as accounting standards: Yes(ii) Changes in accounting policies other than (i) above: None(iii) Changes in accounting estimates: None(iv) Corrections of errors: None
(3) Number of shares issued (common stock)(i) Total number of shares issued at the end of the period (including treasury stock)
Fiscal Year Ended March 31, 2022

26,080,396 sharesFiscal Year Ended March 31, 2021

26,080,396 shares(ii) Total number of treasury stock at the end of the period
Fiscal Year Ended March 31, 2022

914,657 sharesFiscal Year Ended March 31, 2021

946,459 shares(iii) Average number of shares during the period
Fiscal Year Ended March 31, 2022

25,155,981 sharesFiscal Year Ended March 31, 2021

25,125,257 shares

2

(Reference) Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (From April 1,2021 to March 31, 2022)(1) Non-consolidated Results of Operations
Net sales
FY Ended March 31, 2022
FY Ended March 31, 2021

Millions of yen
1,961
2,369

(% indicates changes from the same period of the previous year)
Operating income%(17.2)(19.1)Net income per share

Millions of yen(184)274(3.23)
69.42

Ordinary income
Millions of yen
(221)
368%
－(59.1)

Net income
Millions of yen(81)
1,744%－77.1

Fully diluted net income
per shareYen

FY Ended March 31, 2022
FY Ended March 31, 2021%－(66.2)

Yen－－(2) Non-consolidated Financial Position
Total assets

Net assets

Equity ratio%
At March 31, 2022
36,45024,74967.9
At March 31, 2021
34,28525,85975.4(Reference) Equity: FY Ended March 31, 2022: 24,749million yen, FY Ended March 31, 2021: 25,859million yen
Millions of yenNet assets per share

Millions of yen

Yen

983.46
1,028.86* This summary of consolidated financial results is not subject to audit procedure.
* Explanation for the appropriate use of performance forecasts and other special notes:
The performance forecasts and other forward-looking statements herein are based on information currently
available to the Company and certain preconditions which the Company believes to be reasonable. Actual
results may differ significantly from these forecasts due to a wide range of factors.

3

Segment Information
Information regarding net sales and income or loss by reporting segment
I. For the previous fiscal year (April 1, 2020 to March 31, 2021)(Thousands of yen)
Reporting segment
Resin & Tall Oil
Products

Paper Chemicals

Electronics
Materials

14,783,648

18,481,288

5,005,477

23,068,621

61,339,036

227,7293,447－

401,403

632,580

Total

15,011,378

18,484,736

5,005,477

23,470,025

61,971,616

Segment income (loss)(490,595)

1,987,791

272,216

386,134

2,155,547

Depreciation

781,070

738,187

157,426

534,430

2,211,115(3,301)

10,641(200)(169,228)(162,088)－－－(158,362)(158,362)

Total

Adjustment(Note 2)

LawterSubtotal

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers

Interest income andinterest expenses
Equity in loss of affiliatedcompanies

Others(Note 1)

Amount in consolidated
statement of income(Note 3)

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers

1,525,429

62,864,465(13,651)

62,850,813

156,223

788,803(788,803)－Total

1,681,652

63,653,269(802,455)

62,850,813

Segment income (loss)

26,0782,181,626(604,771)

1,576,854

Depreciation

142,1522,353,268－

2,353,268

Interest income andinterest expenses
Equity in loss of affiliatedcompanies(6,206)(168,294)(68,975)(237,269)－(158,362)

48,209(110,152)(Notes) 1. “Others” division is business segment not attributable to reportable segment and includes mainly
real estate management, etc.
2. The adjustment amount of segment income (loss) includes the adjustment of inventories 112,922
thousand yen and company-wide expenses (732,459) thousand yen, etc. that are not attributable toreportable segment.
3. Segment income (loss) is adjusted to reflect operating income as recorded in the consolidated
statement of income.
4. Assets are not allocated into reportable segments how to determine the allocation of management
resources and how to assess performance of the Company.

4II. For the current fiscal year (April 1, 2021 to March 31, 2022)(Thousands of yen)
Reporting segment
Resin & Tall Oil
Products

Paper Chemicals

Electronics
Materials

17,566,058

21,174,052

6,304,064

29,518,728

74,562,904

251,546

156,633－646,215

1,054,394

17,817,604

21,330,685

6,304,064

30,164,944

75,617,299

Segment income (loss)

90,983

1,650,790

658,186

1,721,511

4,121,472

Depreciation

646,841

669,921

133,366

573,094

2,023,224(1,276)22,220135(178,270)(157,190)－－－

277,696

277,696

Total

Adjustment(Note 2)

LawterSubtotal

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers
Total

Interest income andinterest expenses
Equity in income ofaffiliated companies

Others(Note 1)

Amount in consolidated
statement of income(Note 3)

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers

1,524,527

76,087,431

5,62976,093,061

202,593

1,256,988(1,256,988)

－

Total

1,727,120

77,344,419(1,251,358)

76,093,061

Segment income (loss)(11,852)

4,109,619(858,723)

3,250,896

Depreciation

151,924

2,175,149－

2,175,149

Interest income andinterest expenses
Equity in income ofaffiliated companies(680)(157,871)(75,026)(232,897)－

277,696

14,579292,276(Notes) 1. “Others” division is business segment not attributable to reportable segment and includes mainly
real estate management, etc.
2. The adjustment amount of segment income (loss) includes the adjustment of inventories 15,695
thousand yen and company-wide expenses (882,322) thousand yen, etc. that are not attributable toreportable segment.
3. Segment income (loss) is adjusted to reflect operating income as recorded in the consolidated
statement of income.
4. Assets are not allocated into reportable segments how to determine the allocation of management
resources and how to assess performance of the Company.

5