May 15, 2014
Nissan Chemical Industries, Ltd.

Consolidated Financial Results for the Fiscal Year Ended March 31, 2014
(From April 1, 2013 to March 31, 2014)(JP GAAP)

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2014
(1) Consolidated Operating Results(% indicates the rate of increase/decrease year on year) (Millions of Yen)

Net Sales

Operating Income

Ordinary Income

Year Ended
163,658 +6.4%
22,246 +13.8%
March 31, 2014
Year Ended
153,806 +3.5%
19,548 +26.3%
March 31, 2013
(Note) Comprehensive income:Year Ended March 31, 2014
Year Ended March 31, 2013
Net Incomeper Share(Yen)
Year Ended
March 31, 2014
Year Ended
March 31, 2013
(Note) Equity in earnings of affiliates:

Diluted Net Income
per Share(Yen)

Net Income

23,723 +15.8%

16,701+20.3%

20,492 +29.1%

13,879+26.5%

20,408 million yen
16,131 million yen+26.5%+40.5%
Ratio ofOrdinary Income toTotal Assets

Return on Equity

Operating Margin

102.11

－

12.7%

11.7%

13.6%

83.74

－

11.4%

10.5%

12.7%

Year Ended March 31, 2014
Year Ended March 31, 2013

(2) Consolidated Financial Position
Total Assets(Millions of Yen)

960 million yen
697 million yen

Net Assets(Millions of Yen)

Equity Ratio

Net Assets per Share(Yen)

As of March 31, 2014

207,999

137,82265.7%

850.91

As of March 31, 2013

199,243

126,701

63.0%

766.87(Note) Shareholders’ equity:

As of March 31, 2014
As of March 31, 2013

136,552 million yen
125,568 million yen(3) Consolidated Cash Flows
Cash Flows from
Cash Flows fromOperating Activities Investing Activities
Year Ended
March 31, 2014
Year Ended
March 31, 2013

Cash Flows from
Financing Activities(Millions of Yen)
Cash and Cash
Equivalents at
End of Year

23,759-13,471-11,80230,757

22,839-9,253-10,144

31,878

2. Cash Dividends
Cash Dividends per Share
1st Quarter 2nd Quarter 3rd Quarter

Year-End

AnnualTotal Dividend Dividend
Payment
Payout(Millions of Yen) Ratio

Ratio ofDividend
Payout toNet Assets

Year Ended
March 31, 2013－12.00 yen－

14.00 yen

26.00 yen

4,257

31.0%

3.6%

Year Ended
March 31, 2014－

14.00 yen－

16.00 yen

30.00 yen

4,860

29.4%

3.7%

Year Ending
March 31, 2015 (Forecast)－

14.00 yen－

16.00 yen

30.00 yen

28.5%

3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2015
Net Sales
Six Months Ending
September 30, 2014
Year Ending
March 31, 2014(% indicates the rate of increase/decrease year on year) (Millions of Yen)
Net Income
Operating Income
Ordinary Income
Net Income
per Share

77,000 +0.8%

9,600-9.2%

169,000 +3.3%

22,500 +1.1%

9,600 -13.7%

6,900-13.3%

43.00 yen

23,00016,900+1.2%

105.31 yen-3.1%4. Business Segment Information(1) Regarding Changes in Segments
Reflecting the organizational change implemented in October 1, 2013, Nissan Chemical has shifted the Custom Chemicals
from the Chemicals to the Pharmaceuticals from the third quarter ended December 31, 2013.
The segment information for the fiscal year ended March 31, 2013 has been revised to reflect the above change.
(2) Information Regarding Sales, Income (Loss), Assets and Liabilities of Reportable Segments
For the Fiscal Year Ended March 31, 2013 (From April 1, 2012 to March 31, 2013)
Chemicals

Performance
Materials

Agrochemicals

Pharmaceuticals(Millions of Yen)

Trading

Others

Total

Adjustment

Consolidated
Total

Sales to customers

26,061

32,84032,946

12,61538,40910,933

153,806－153,806Inter-segment sales/transfers

8,443

4,527

2,471

59

8,148

10,31633,967-33,967－

Total Sales

34,50437,36835,41812,67446,557

21,249187,773-33,967

153,806

Operating Income

1,894

7,170

5,042

5,260

1,350

685

21,404-1,855

19,548Assets27,03034,31546,677

14,596

17,311

9,185

149,11450,126

199,243

For the Fiscal Year Ended March 31, 2014 (From April 1, 2013 to March 31, 2014)

Sales to customers

Chemicals

Performance
Materials

26,461

37,617

Agrochemicals

36,168

Pharmaceuticals(Millions of Yen)

Trading

OthersAdjustmentConsolidated
Total

163,658－

163,658

Total

11,49340,503

11,413

Inter-segment sales/transfers

9,031

5,214

2,961

56

10,14810,03237,445-37,445－

Total Sales

35,49342,832

39,13011,55050,651

21,446201,103-37,445

163,658

Operating Income

1,897

8,810

6,229

4,940

1,495

757

24,130-1,88322,246

Assets25,77737,98048,56912,69918,1099,082

152,22155,778207,999(Reference)
１. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2014
(1) Non-consolidated Operating Results (% indicates the rate of increase/decrease year on year) (Millions of Yen)

Year Ended
March 31, 2014
Year Ended
March 31, 2013

Year Ended
March 31, 2014
Year Ended
March 31, 2013

Net Sales

Operating Income

Ordinary Income

121,323 +6.0%

18,489 +13.0%

20,541 +19.8%

14,995+27.6%

114,441 +3.5%

16,368 +25.0%

17,153 +24.4%

11,755+17.8%Net Income
per Share(Yen)

Diluted Net Income
per Share
(Yen)

91.68

－

70.92

－

(2) Non-consolidated Financial Position
Total Assets(Millions of Yen)

Net Assets(Millions of Yen)

Equity Ratio

Net Income

Net Assets per Share(Yen)As of March 31, 2014

180,971

117,11764.7%

729.81

As of March 31, 2013

175,032

109,15562.4%

666.63(Note) Shareholders’ equity: As of March 31, 2014
As of March 31, 2013

117,117 million yen
109,155 million yen