For the Fiscal Year Ended March 31, 2022

Annual Select® 2022

Tayca Corporation
4-11-6 Tanimachi, Chuo-ku, Osaka(Securities Code: 4027)+81-6-6943-6401

Corporate Profile
The history of Tayca Corporation began with the establishment of Teikoku Jinzo Fertilizer Co., Ltd. in
1919. Since our founding, we have continued to build upon our expertise in sulfuric acid technologies toexpand our business while researching, manufacturing, and selling a variety of products demanded by thechemical industry. Our principal products include titanium dioxide, surfactants, functional fine particle
products, and piezoelectric materials, all of which we have adapted to the evolving needs of society and tothe changing times. In 2019, we took pride in celebrating our company’s centennial.
As we continue to prosper under the slogan “Creating Inspiring Materials with Earnest,” our Group
recently formulated the “MOVING-10” plan, our long-term management vision targeting the completion
year of 2030. By making full use of our organic and inorganic synthesis technology, surface treatment
technology, and dispersion and stabilization technology that we have cultivated over many years, we are
actively engaged in expanding our businesses into the fields of life sciences and environmental energy,
which hold the promise of benefitting human health and helping to protect the global environment.
Moreover, by diligently and proactively addressing current management challenges such as theimplementation of environmental, social, and governance (ESG) management principles and the pursuit of
the UN’s sustainable development goals (SDGs), we aim to enhance our corporate value even as we
contribute to the emergence of a society committed to sustainability.
In an era in which we are witnessing significant changes in society and shifts in personal values, we at
Tayca remain committed to providing inspiration to all as we continue to focus on driving the future growthof the Tayca Group.

I. Summary of Selected Financial Data (Consolidated)

Net sales

152nd term

153rd term

154th term

155th term

156th term

Fiscal year ended
March 31, 2018

Fiscal year ended
March 31, 2019

Fiscal year ended
March 31, 2020

Fiscal year ended
March 31, 2021

Fiscal year ended
March 31, 2022

42,521

47,38545,43538,402

46,362

6,108

6,033

5,798

2,740

4,156

3,624

4,007

3,830

1,927

2,845

4,422

3,029

3,056

4,222

1,876

43,04345,356

46,94050,23051,26358,84363,91663,554

69,177

72,1281,819.24

1,916.26

2,010.70

2,152.62

2,196.16

154.13

170.47163.7083.16

122.79

–

–

–

–

–

72.7

70.5

73.3

72.1

70.6

8.9

9.1

8.4

4.0

5.6

18.3

14.9

8.7

17.8

10.5

4,002

4,830

5,165

4,953

4,841

(4,992)(3,787)(5,498)(4,905)(2,807)

(536)

1,270

(2,346)2,519(2,363)

11,086

13,388

10,713

13,25012,981

702

758

793

834

825

(Millions of yen)

Ordinary profit(Millions of yen)

Profit attributable to ownersof parent(Millions of yen)Comprehensive income(Millions of yen)

Net assets(Millions of yen)

Total assets(Millions of yen)

Net assets per share(Yen)

Basic earnings per share(Yen)

Diluted earnings per share(Yen)

Equity-to-asset ratio(%)

Rate of return on equity
(ROE)
(%)

Price-earnings ratio (PER)(Times)Net cash provided by (usedin) operating activities(Millions of yen)

Net cash provided by (usedin) investing activities(Millions of yen)

Net cash provided by (usedin) financing activities(Millions of yen)

Cash and cash equivalents at
end of period(Millions of yen)

Number of employees(Persons)

Notes: 1.
2.

“Diluted earnings per share” is not provided since there are no potential shares.
Tayca Corporation and its subsidiaries (the “Group”) have applied the “Accounting Standard for Revenue Recognition” (ASBJ
Statement No. 29, March 31, 2020) and relevant ASBJ regulations effective from the beginning of the 156th term (fiscal year
ended March 31, 2022). The selected financial data shown for the 156th term (fiscal year ended March 31, 2022) are thoseafter applying the new accounting standards.

-1-II. Top Message

Tayca Corporation’s 156th term (from April 1, 2021 to March 31,2022) has ended and as such we hereby offer the following report
regarding the settlement of accounts, etc.

Shunji Idei
Representative Director, President Executive Officer

During the fiscal year ended March 31, 2022 (the “current fiscal year”), the Group posted net sales of¥46,362 million (up 20.7% from the previous fiscal year), operating profit of ¥3,651 million (up 24.7%
from the previous fiscal year), ordinary profit of ¥4,156 million (up 51.6% from the previous fiscal year)
and profit attributable to owners of parent of ¥2,845 million (up 47.6% from the previous fiscal year). Thiswas mainly due to a recovery in sales of general usage titanium dioxide, particularly for export, andfunctional fine particle products, as well as strong sales of electronic materials such as piezoelectricmaterials.

Net sales (millions of yen)

Operating profit (millions of yen)

152nd term

153rd term

154th term

155th term

156th term

152nd term

153rd term

154th term

155th term

156th term

(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended

March 31, 2019)

March 31, 2020)

March 31, 2021)

March 31, 2022)

March 31, 2018)

March 31, 2019)

March 31, 2020)

March 31, 2021)

March 31, 2022)

March 31, 2018)

Profit attributable toowners of parent (millions of yen)

Ordinary profit (millions of yen)

152nd term

153rd term

154th term

155th term

156th term

152nd term

153rd term

154th term

155th term

156th term

(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended

March 31, 2018)

March 31, 2019)

March 31, 2020)

March 31, 2021)

March 31, 2022)

March 31, 2018)

March 31, 2019)

March 31, 2020)

March 31, 2021)

March 31, 2022)-2-

Functional Chemical Business
Demand for general usage titanium dioxide recovered following a downturn caused by the COVID-19
pandemic and we carried out sales price revisions to reflect rising fuel prices, resulting in year on year
growth in both sales volume and net sales. Sales of specialty use micro titanium dioxide, micro zinc oxide,and surface treatment products recovered, particularly overseas sales to regions such as the United States
and China, resulting in year-on-year growth in both sales volume and net sales.
As a result of the above, net sales for this business were ¥22,827 million (up 17.4% from the previous fiscal
year), and segment profit was ¥998 million (up 9.4% from the previous fiscal year).
Net sales (millions of yen)

Operating profit (millions of yen)

152nd term

153rd term

154th term

155th term

156th term

152nd term

153rd term

154th term

155th term

156th term

(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended

March 31, 2018)

March 31, 2019)

March 31, 2020)

March 31, 2021)

March 31, 2022)

March 31, 2018)

March 31, 2019)

March 31, 2020)

March 31, 2021)

March 31, 2022)

Electronic Material and Basic Chemical Business
The sales volume of surfactants remained level with the previous fiscal year, but sales price revisions andan increase in sales at overseas consolidated subsidiaries meant that net sales grew year on year. In regard
to conductive polymers and related products, demand related to ICT and 5G infrastructure was robust,which led to year-on-year increases for both sales volume and net sales. Sales of pollution-free anticorrosive pigments to overseas customers were steady, leading to year-on-year increases for both sales
volume and net sales. Net sales of piezoelectric materials increased year on year due to strong sales for
medical equipment applications, including sales at overseas consolidated subsidiaries.
As a result of the above, net sales for this business were ¥22,155 million (up 25.1% from the previous fiscal
year), and segment profit was ¥2,325 million (up 28.2% from the previous fiscal year).
Net sales (millions of yen)

Operating profit (millions of yen)

152nd term

153rd term

154th term

155th term

156th term

152nd term

153rd term

154th term

155th term

156th term

(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended(Fiscal year ended

March 31, 2018)

March 31, 2019)

March 31, 2020)

March 31, 2021)

March 31, 2022)

March 31, 2018)

March 31, 2019)

March 31, 2020)

March 31, 2021)

March 31, 2022)-3-

OtherIn the warehousing business, net sales grew year on year, mainly due to the acquisition of new projects andprofit revisions.
As a result of the above, net sales for this business were ¥1,379 million (up 10.8% from the previous fiscal
year), and segment profit was ¥329 million (up 54.0% from the previous fiscal year).

Ⅲ. Forecasts for the Next Fiscal Year
Regarding the economic outlook, we expect that the future will remain uncertain due to concerns regarding
a resurgence of infections because of new COVID-19 variants and the impact of the situation in Ukraine on
supply chains.
Regarding the impact of the spread of COVID-19, although it is difficult to accurately estimate when thesituation will come under control, the Group assumes that the economic environment will move toward acertain degree of recovery by the end of the next fiscal year. Regarding the Group’s earnings forecast for
the fiscal year ending March 31, 2023, revenue and profits are expected to increase year on year because of
the positive effects of increased sales and sales price revisions on profits, despite the cost to sales ratio
getting worse due to rising fuel prices and an increase in depreciation.
Despite general usage titanium dioxide showing signs of recovery, we expect that the difficult situation on
the earnings front will continue due to rising fuel prices.
Specialty use micro titanium dioxide, micro zinc oxide, and surface treatment products were impacted by asignificant fall in demand for ultra-violet (UV) radiation protection, which is a primary use for the abovementioned products, due to the global spread of COVID-19. However, we anticipate that the gradualresuming of economic activity due to the spread of COVID-19 vaccines will lead to a recovery in demand,
not only in Europe and the United States, but also in Asia, so we will watch the market carefully as we
strive to maintain and grow sales.
Regarding electronic materials, we forecast strong demand both in Japan and overseas. For piezoelectricmaterials in particular, the start of operations at our plant for the mass production of piezoelectric singlecrystal materials, which was completed in January 2022, means that we have established production
locations in both Japan and the United States. We will work to further expand sales by providing a stablesupply of products around the world. Regarding the Basic Chemical Business, robust demand is expected
for daily goods such as detergents and we will focus on responding to demand in regions across the globe
together with our overseas consolidated subsidiaries in Thailand and Vietnam.
Under these circumstances, the Group will work together unitedly to further raise corporate value while
adequately and flexibly responding with speed to the rapidly changing environment.
In regard to the forecasts of consolidated performance for the next fiscal year, we expect net sales of¥54,000 million, operating profit of ¥3,900 million, ordinary profit of ¥4,200 million, and profit attributableto owners of parent of ¥2,900 million.
In addition, in regard to the dividend for the next fiscal year, we plan to bring the annual dividend to ¥36
per share: a combination of an interim dividend of ¥18 per share and a year-end dividend of ¥18 per share.

-4-IV. Consolidated Financial Statements(1) Consolidated Balance Sheets(Millions of yen)(Thousands of
U.S. dollars)

As of March 31,
2021

As of March 31,2022

As of March 31,
2022

13,329
11,202
193
7,164
1,116
3,342
634
(2)
36,97913,06013,738
350
8,044
1,279
4,997
831
(2)
42,300106,690
112,2292,859
65,713
10,44840,8216,788(16)
345,560

6,724
7,774
1,695
936
493
17,624

6,421
7,028
1,695
1,662
438
17,24652,45457,413
13,846
13,577
3,578
140,887

1,536
230
1,767

1,463
164
1,628

11,951
1,339
13,299

11,797
637
71
323
(23)
12,80632,19869,177

9,786
800
80
305
(20)
10,95329,827
72,12879,944
6,535
653
2,491
(163)
89,477
243,664
589,232

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
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
LandConstruction in progress
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Long-term prepaid expenses
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-5-

(Millions of yen)(Thousands of
U.S. dollars)

As of March 31,
2021

As of March 31,2022

As of March 31,
2022

3,914
465
1,950
442
350
2,875
9,999

6,873
963
1,942
864
360
3,485
14,49056,147
7,867
15,8647,058
2,940
28,469118,372

4,038
56
1,692
9
3,152
8,948
18,947

2,100
–
1,112
9
3,152
6,374
20,865

17,155–
9,084
73
25,74952,070170,451

9,855
6,766
29,551(2,459)43,714

9,855
6,766
31,562(2,460)45,72580,50855,273257,838(20,096)373,539

6,370
61
(187)
(71)
6,173
341
50,23069,177

4,912
181
72
4
5,170
367
51,263
72,12840,1271,478
588
32
42,235
2,998
418,781589,232

Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Current portion of long-term borrowings
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Lease liabilities
Deferred tax liabilities
Long-term accounts payable - other
Retirement benefit liability
Total 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
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets-6-

(2) Consolidated Statements of Income andConsolidated Statements of Comprehensive Income(Consolidated Statements of Income)(Millions of yen)(Thousands of
U.S. dollars)

Fiscal year ended
March 31, 2021

Fiscal year ended
March 31, 2022

Fiscal year ended
March 31, 2022

38,402
29,377
9,025
6,097
2,927

46,36236,709
9,653
6,001
3,651

378,743
299,885
78,85749,02329,825

1
213
162
119
118
24
92
732

5
208
–
–
43
251
61
570

40
1,699
–
–
351
2,050
498
4,656

50
19
826
23
918
2,740

34
11
–
19
65
4,156

277
89
–
155
531
33,951

–
–
129
180
309

67
21
5
–
94

547
171
40
–
767

261
48
12
321
2,728
829
(49)
779
1,949
22
1,927

157
–
–
157
4,093
1,244
(31)
1,212
2,880
34
2,845

1,282
–
–
1,282
33,436
10,162(253)
9,901
23,527277
23,241

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Compensation income
Income on compensation
Subsidies for employment adjustment
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on abandonment of inventories
Costs related to the suspension of operations
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of investments in capitalGain on cancellation of leases
Gain on sale of investment securities
Compensation for forced relocation
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of investments in capital
Head office relocation expenses
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent-7-

(Consolidated Statements of Comprehensive Income)(Millions of yen)(Thousands of
U.S. dollars)

Fiscal year ended
March 31, 2021

Fiscal year ended
March 31, 2022

Fiscal year ended
March 31, 2022

1,949

2,880

23,527

2,362
146
(316)
79
2,272
4,222

(1,458)120
258
75(1,003)
1,876(11,910)
980
2,107
612
(8,193)
15,325

4,215

1,842

15,0476

33

269

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests-8-

(3) Consolidated Statements of Changes in Equity
Fiscal year ended March 31, 2021
(Millions of yen)
Shareholders’ equity
Share capital
Balance at beginning of
periodCapital surplus

9,855

Retained earnings

6,766

Total shareholders’equityTreasury shares

28,551(2,458)42,714

Changes during period
Dividends of surplus

(927)

(927)

Profit attributable toowners of parent

1,927

1,927

Purchase of treasury shares

(0)

(0)

Disposal of treasury shares

00

Net changes in items otherthan shareholders’ equity
Total changes during period
Balance at end of period

–

–

1,000

(0)

999

9,855

6,766

29,551(2,459)43,714

Accumulated other comprehensive income

Balance at beginning of
periodValuationdifference on
availablefor-salesecurities

Deferred
gains orlosses onhedgesForeigncurrencytranslation
adjustment

4,008

(85)

112

Total
Non-controlling
Remeasurements accumulated
interestsof definedotherbenefit planscomprehensive
income
(151)

3,885

340

Total net
assets

46,940Changes during period
Dividends of surplus(927)

Profit attributable toowners of parent

1,927

Purchase of treasury shares(0)

Disposal of treasury shares0

Net changes in items otherthan shareholders’ equity

2,362

146

(300)

79

2,288

0

2,289

Total changes during period

2,362

146

(300)

79

2,288

0

3,289

Balance at end of period

6,370

61

(187)

(71)

6,173

341

50,230-9-

Fiscal year ended March 31, 2022
(Millions of yen)
Shareholders’ equity
Share capital
Balance at beginning of
periodCapital surplus

9,855

Retained earnings

6,766

Treasury shares

29,551

Total shareholders’equity(2,459)43,714

Changes during period
Dividends of surplus

(834)

(834)

Profit attributable toowners of parent

2,845

2,845

Purchase of treasury shares

(0)

(0)

Net changes in items otherthan shareholders’ equity
Total changes during period
Balance at end of period

–

–

2,011

(0)

2,010

9,855

6,766

31,562(2,460)45,725

Accumulated other comprehensive income

Balance at beginning of
periodValuationdifference on
availablefor-salesecurities

Deferred
gains orlosses onhedgesForeigncurrencytranslation
adjustment

6,370

61

(187)

Total
Non-controlling
Remeasurements accumulated
interestsof definedotherbenefit planscomprehensive
income
(71)

6,173

341

Total net
assets50,230Changes during period
Dividends of surplus(834)

Profit attributable toowners of parent

2,845

Purchase of treasury shares(0)

Net changes in items otherthan shareholders’ equity(1,458)

120

259

75

(1,002)25(977)

Total changes during period(1,458)

120

259

75

(1,002)25

1,033

Balance at end of period

4,912

181

72

4

5,170

367

51,263- 10 -

Fiscal year ended March 31, 2022
(Thousands of U.S. dollars)
Shareholders’ equity
Share capital
Balance at beginning of
periodCapital surplus

80,508Retained earnings

55,273

Treasury shares

241,410

Total shareholders’equity(20,088)357,111

Changes during period
Dividends of surplus(6,813)(6,813)

Profit attributable toowners of parent

23,241

23,241

Purchase of treasury shares

(0)

(0)

Net changes in items otherthan shareholders’ equity
Total changes during period
Balance at end of period––

16,428(0)

16,42080,50855,273257,838(20,096)373,539

Accumulated other comprehensive income

Balance at beginning of
periodValuationdifference on
availablefor-salesecurities

Deferred
gains orlosses onhedgesForeigncurrencytranslation
adjustment

52,038498(1,527)

Total
Non-controlling
Remeasurements accumulated
interestsof definedotherbenefit planscomprehensive
income(580)

50,4282,785

Total net
assets410,342

Changes during period
Dividends of surplus(6,813)

Profit attributable toowners of parent

23,241

Purchase of treasury shares(0)

Net changes in items otherthan shareholders’ equity(11,910)

980

2,115

612

(8,185)204(7,981)

Total changes during period(11,910)

980

2,115

612

(8,185)

204

8,438

Balance at end of period

40,127

1,478

588

32

42,235

2,998

418,781- 11 -

(4) Consolidated Statements of Cash Flows(Millions of yen)(Thousands of
U.S. dollars)

Fiscal year ended
March 31, 2021

Fiscal year ended
March 31, 2022

Fiscal year ended
March 31, 2022

2,728
2,737
219
(129)
261
31
(215)
50
1,782
(48)
(794)
50
(505)
6,168
215
(50)
(1,380)
4,953

4,093
3,212
243
(5)
157
108
(213)
34
(2,654)(2,646)
2,880
372
(89)
5,493
213
(34)
(831)
4,841

33,436
26,239
1,985
(40)
1,282
882
(1,740)277(21,681)(21,615)
23,5273,038(727)
44,873
1,740(277)(6,788)39,547(4,857)
(6)
175
(216)
(4,905)(2,473)
(106)
19
(245)
(2,807)(20,202)(865)
155(2,001)(22,931)

(107)
5,000
(1,411)
(0)
(924)
(5)
(31)
2,519

493
–
(1,954)
(0)
(830)
(8)
(62)
(2,363)

4,027–(15,962)(0)(6,780)(65)(506)(19,303)

(29)

60

490

2,537
10,713
13,250(268)
13,25012,981(2,189)108,242
106,045

Cash flows from operating activities
Profit before income taxes
Depreciation
Amortization of goodwill
Loss (gain) on sale of investment securities
Loss on retirement of non-current assets
Increase (decrease) in retirement benefit liability
Interest and dividend income
Interest expenses
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Increase (decrease) in accrued consumption taxes
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Purchase of investment securities
Proceeds from sale of investment securities
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Purchase of treasury shares
Dividends paid
Dividends paid to non-controlling interests
Other, net
Net cash provided by (used in) financing activities
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 and cash equivalents at end of period- 12 -

V. Segment Information
1. Overview of reportable segments
The reportable segments are constituent units of Tayca for which separate financial information is available. The
Board of Directors periodically examines these segments for the purpose of deciding the allocation ofmanagement resources and evaluating operating performance.
Tayca’s reportable segments are its core businesses: Functional Chemical Business and Electronic Material andBasic Chemical Business.
Main products belonging to each segment are as follows:(1) Functional Chemical Business:
Titanium dioxide, micro titanium dioxide, micro zinc oxide, surface treatment products, etc.
(2) Electronic Material and Basic Chemical Business:
Piezoelectric materials, conductive polymers and related products, surfactants, sulfuric acid, pollution-free
anti-corrosive pigment, etc.
2. Calculation method for net sales, profit or loss, assets, liabilities, and other items by reportable segment
Segment profit of reportable segment is calculated on an operating profit basis.
Inter-segment sales or transfers are based on actual market prices.
The Group has applied the “Accounting Standard for Revenue Recognition” and relevant ASBJ regulations tothe consolidated financial statements from the current fiscal year onward. In accordance with this change in theaccounting method for recognizing revenue, the method for calculating profit and loss in each reportablesegment has also changed.
Looking at adjustments in the net sales of each reportable segment in the current fiscal year as a result of thischange, in the Functional Chemical Business, net sales decreased by ¥236 million and in the Electronic Material
and Basic Chemical Business, net sales decreased by ¥588 million. Segment profits have not been affected.

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3. Information about net sales, profit or loss, assets, liabilities, and other items by reportable segment
Fiscal year ended March 31, 2021
Reportable segment

Net sales
Net sales to externalcustomers
Inter-segment sales ortransfers
Total(Millions of yen)Amountrecorded ontheAdjustment
consolidated(Note 2)
financialstatements(Note 3)Functional
ChemicalBusiness

Electronic
Material andBasic
ChemicalBusiness

19,442

17,71337,156

1,245–

38,402

–

–

–

1,479

(1,479)–

Other(Note 1)

Total

19,442

17,71337,156

2,725(1,479)38,402

Segment profit

912

1,813

2,725

213

(12)

2,927

Segment assets

28,43914,33742,776

2,025

24,37569,177

1,808
–

819
219

2,628
219

75
–

33
–

2,737
219

3,363

1,222

4,585

100

124

4,810

Other items
Depreciation
Amortization of goodwill
Increase in property, plantand equipment andintangible assets

Notes: 1. The classification “Other” refers to business segments not included in reportable segments, and includes the warehousingbusiness, engineering, etc.
2. Details of “Adjustment” are as follows:(1) The adjustment of negative ¥12 million on segment profit represents inter-segment transaction eliminations.
(2) The adjustment of ¥24,375 million on segment assets includes negative ¥532 million of elimination of inter-segment
receivables by offsetting, etc. and ¥24,908 million of corporate assets that are not allocated to reportable segments.
(3) The adjustment of ¥33 million on depreciation in other items includes negative ¥45 million of inter-segment transaction
eliminations and ¥79 million of corporate assets that are not allocated to reportable segments.
(4) The adjustment of ¥124 million on increase in property, plant and equipment and intangible assets in other items includes
negative ¥40 million of inter-segment transaction eliminations and ¥164 million of corporate assets that are not allocated toreportable segments.
3. Segment profit is adjusted to operating profit in the consolidated financial statements.

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Fiscal year ended March 31, 2022
Reportable segment

Net sales
Net sales to externalcustomers
Inter-segment sales ortransfers
Total(Millions of yen)Amountrecorded ontheAdjustment
consolidated(Note 2)
financialstatements(Note 3)Functional
ChemicalBusiness

Electronic
Material andBasic
ChemicalBusiness

22,82722,15544,982

1,379–

46,362

–

–

–

1,516

(1,516)–22,82722,15544,982

2,896(1,516)46,362

Other(Note 1)

Total

Segment profit

998

2,325

3,323

329

(1)

3,651

Segment assets

30,99916,78747,786

2,288

22,052

72,128

2,298
–

801
243

3,100
243

77
–

34
–

3,212
243

1,621

1,054

2,676

95

(24)

2,747

Other items
Depreciation
Amortization of goodwill
Increase in property, plantand equipment andintangible assets

Notes: 1. The classification “Other” refers to business segments not included in reportable segments, and includes the warehousingbusiness, engineering, etc.
2. Details of “Adjustment” are as follows:(1) The adjustment of negative ¥1 million on segment profit represents inter-segment transaction eliminations.
(2) The adjustment of ¥22,052 million on segment assets includes negative ¥594 million of elimination of inter-segment
receivables by offsetting, etc. and ¥22,647 million of corporate assets that are not allocated to reportable segments.
(3) The adjustment of ¥34 million on depreciation in other items includes negative ¥47 million of inter-segment transaction
eliminations and ¥81 million of corporate assets that are not allocated to reportable segments.
(4) The adjustment of negative ¥24 million on increase in property, plant and equipment and intangible assets in other items
includes negative ¥38 million of inter-segment transaction eliminations and ¥13 million of corporate assets that are notallocated to reportable segments.
3. Segment profit is adjusted to operating profit in the consolidated financial statements.

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VI. History
December 1919
November 1920
October 1938
June 1939
March 1942
April 1942
June 1944
April 1951
June 1961
April 1969
November 1969
May 1973
October 1981
June 1984
August 1989
February 1994
January 1996
April 1997
August 2000
October 2001
September 2006
February 2014
April 2017
January 2018
March 2019
December 2019
July 2020
September 2020
January 2022
April 2022

Teikoku Synthetic Fertilizer Co., Ltd. was founded for the production of superphosphate
fertilizers.
Osaka Factory was built for the production of superphosphate fertilizers and lead-chamber
sulfuric acid.
Equipment was installed in Osaka factory to produce sulfuric acid by the Lurgi Contact
Process, and production of dilute sulfuric acid began.
Production of fluorides, mainly artificial cryolite, began at Osaka Factory.
Okayama Factory was built for the production of fluorides.
Company was renamed Teikoku Kako Co., Ltd.
A plant in Owada, where sulfuric acid was produced by the Monsanto Contact Process, wasacquired.
Production of titanium dioxide at Okayama Factory began.
Production of surfactants at Osaka Factory began.
Hyakushima Warehouse, now parts of Tayca Warehousing Co., Ltd., was built in the
Owada Factory premises, where a warehousing business started.
Owada Factory discontinued its operation.
To integrate warehousing operations, Tayca Warehousing Co., Ltd., wholly owned by thecompany, was established.
Production of condensed phosphates (K-White, K-Bond and K-Fresh) at Osaka Factorybegan.
Tayca Trading Co., Ltd., wholly owned by the company, was established with the principal
objective of selling chemicals.
Company was renamed Tayca Corporation, marking the 70th anniversary of its foundation.
Obtains ISO 9002 certification for the production of phosphoric acid (Osaka Factory),titanium dioxide products (Okayama Factory) and related products.
In stride with advances in the surface treatment field, Tayca opened its Osafune, Okayama
Factory and production commenced.
Tayca’s development division became a separate entity, and TFT Corporation wasestablished to manufacture and sell electro-ceramic products.
Acquires ISO 14001 certification at Osaka Factory and Okayama Factory.
TAYCA (Thailand) Co., Ltd. was established in Chonburi, Thailand to manufacturesurfactants.
To expand a surface treatment business, Tayca opened its Kumayama Factory andproduction commenced.
TAYCA (VIETNAM) CO., LTD. was established in Dong Nai, Vietnam to manufacturesurfactants.
Established JAPAN SERICITE CORPORATION for the principal objective of selling
sericite products, a joint venture with SANSHIN MINING IND. CO., LTD.
TRS Technologies, Inc. became a subsidiary in order to expand the piezoelectric materials
business.
Expanded manufacturing facility for functional fine particle products at the Kumayama
Factory and production commenced.
Celebrated 100th anniversary.
Completed expanded manufacturing facility for functional fine particle products that
correspond to GMP at the Okayama Factory.
Relocated head office to Chuo Nittochi Tanimachi Building
Completed the mass production of piezoelectric single-crystal materials at the Osaka
Factory
Transitioned from the First Section of the Tokyo Stock Exchange to the Prime Market due
to a review of the Tokyo Stock Exchange’s market sections.

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VII. Corporate Data
Basic Information (as of June 28, 2022)
Trade name:
Established:
Listed market:
Listed:Business year:
Capital stock:
Number of employees:
Head office:Telephone:
Consolidated subsidiaries:

Tayca Corporation
December 22, 1919
Prime Market of the Tokyo Stock Exchange(Securities Code: 4027)
May 1949
From April 1 to March 31 of the following year
9,855,953,999 yen
551 persons (as of March 31, 2022)
4-11-6 Tanimachi, Chuo-ku, Osaka+81-6-6943-6401
Tayca Warehousing Co., Ltd.
Tayca Trading Co., Ltd.
TFT Corporation
Tayca M&M Corporation
JAPAN SERICITE CORPORATIONTAYCA (Thailand) Co., Ltd.
TAYCA (VIETNAM) CO., LTD.
TRS Technologies, Inc.

Directors and Audit & Supervisory Board Members (as of June 28, 2022)
Representative Director, President Executive Officer
Director, Managing Executive Officer
Director, Managing Executive Officer
Director, Senior Executive Officer
Director, Senior Executive Officer
Director
Director, Audit and Supervisory Committee Member (Standing)
Director*, Audit and Supervisory Committee Member**Director*, Audit and Supervisory Committee Member**Director*, Audit and Supervisory Committee Member**Director*, Audit and Supervisory Committee Member*** Outside Director

Shunji Idei
Masahiko Nishino
Yasuyuki Nakatsuka
Tamataro Iwasaki
Yoshihiro Murata
Masao Nagita
Akira Miyazaki
Hiroyuki Yamada
Hitoshi Tanaka
Koji Yamamoto
Mamiko Ozaki** Outside Audit and Supervisory Committee Member- 17 -

Stock Status (as of March 31, 2022)
Total number of authorized shares:
Total number of issued shares:
Number of shareholders:

75,000,000 shares
25,714,414 shares
4,199

Major shareholders (Top 10)
Number of shares held(Thousands)

Name
QUINTET PRIVATE BANK (EUROPE) S.A.
107704The Master Trust Bank of Japan, Ltd.
(Trust account)
MITSUI & CO., LTD.
Mitsubishi Corporation
Yamada Sangyo Co., Ltd.
Custody Bank of Japan, Ltd. as trustee for Mizuho
Bank Retirement Benefit Trust Account reentrusted by Mizuho Trust and Banking Co., Ltd.
Tayca Corporation Trading-Partner Shareholding
Association
Chuo-Nittochi Group Co., Ltd.
Kansai Paint Co., Ltd.
SUMITOMO CORPORATION

Shareholding ratio (%)

2,543

10.97

1,829

7.89

1,784
1,630
1,470

7.69
7.03
6.34

1,009

4.35

958

4.13

694
612
500

2.99
2.64
2.15

* In addition to shares described above, Tayca Corporation holds 2,539 thousand shares as treasury shares.

* Annual Select is an English-language disclosure format developed by ZAIHON, INC. to increase the level of convenience of investors outside Japan based on Japanese-language
statutory disclosure material, timely disclosure material prescribed by securities exchanges and voluntarily disclosed IR material. Annual Select is a registered trademark of
ZAIHON, INC. Reproduction or copying without prior permission is prohibited.
* The financial statements in this Annual Select are stated in Japanese yen with amounts of less than one million yen omitted. As a result, the totals shown do not necessarily agreewith the sums of the individual amounts. The translation of Japanese yen amounts into U.S. dollar amounts is included solely for the convenience of investors outside Japan. Suchtranslation is carried out at the rate of ¥122.41 = U.S. $1, the approximate rate of exchange at March 31, 2022, and the resultant amounts are shown with amounts of less than 1,000
U.S. dollars omitted.
* While every best effort has been made to provide a translation meeting the quality standards required of professionals, the Company does not guarantee it is 100% accurate.
Therefore, please verify the original Japanese text for any final judgments made based on this information.

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