Note:

This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between
this translated document and the Japanese original, the original shall prevail.

Summary of Consolidated Financial Results for the Second Quarter of Fiscal Year 2022 Ending March 31, 2023
<Under Japanese GAAP>
October 31, 2022

Company Name:
Stock Listings:
Code Number:
URL:
Representative Director:
Inquiries:

SEKISUI KASEI CO., LTD.
Tokyo Stock Exchange4228
https://www.sekisuikasei.com
Mr. Masato Kashiwabara, President
Mr. Katsumi Sasaki, Senior Managing Executive Officer
Head of Corporate Strategic Headquarters+81-3- 3347-9618
November 14, 2022
December 2, 2022
Yes
Yes (For securities analysts, institutional investor fund managers)

TEL:
Scheduled date for submission of quarterly financial statement:
Scheduled date for payment of dividends:
Quarterly earnings supplementary explanatory documents:
Quarterly earnings results briefing:(Figures rounded down to the nearest million yen)
1. Consolidated Business Results for the First Half (April 1, 2022 to September 30, 2022)(1) Consolidated Business Results(% figures represent changes from the same period of the previous year.)
Net Income
Net Sales
Operating Income
Ordinary Income
Attributable to
Owners of the Parent
Millions of yen%

Millions of yen

1st Half of FY 2022
60,9172.5(312)
1st Half of FY 2021
59,419653)
Note. Comprehensive Income: 1st Half of FY2022: 1,125 million yen [ - %]%Millions of yen%

Millions of yen%

73(90.2)
(345)
77.3
750
145.1
336)
1st Half of FY2021: (722) million yen [ - %]143.0

Net Income
Net Income
Attributable toAttributable to
Owners of the Parent
Owners of the Parent
per Shareper Share (Diluted)yenyen
1st Half of FY 2022
(7.65)
1st Half of FY 2021
7.46)
Note. The Company have applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No.29, March 31, 2020) and related
implementation guidance from the beginning of the first quarter of the previous fiscal year. The percentage change in net sales for thesix months ended September 30, 2021, which were affected by this change, in not shown.
(2) Consolidated Financial Position
Total Assets
Net Assets
Equity to Total Assets
Millions of yen
Millions of yen%
2nd Q of FY 2022
148,809
59,082
39.2
FY 2021
143,308
58,242
40.1
Reference: Equity: 2nd Q of FY2022: 58,340 million yen FY2021: 57,525 million yen
Equity: Shareholders’ Equity including Accumulated Other Comprehensive Income
2. Dividend Status
Dividend per Share
(Date of Record)Year-end

Full year

At the end of 1st Q

At the end of 2nd Q

At the end of 3rd Q

yen
-

yen
5.00
3.00

yen
-

yen
7.00

yen
12.00

-

9.00

12.00

FY 2021
FY 2022
FY 2022 (outlook)
Note. Recent revision of dividend estimates: No

3. Consolidated Outlook for FY2022 (April 1, 2022 to March 31, 2023)(% figures represent changes from the same period of the previous year.)
Net Sales

Operating Income

Millions of yen%
Millions of yen%
Full Year125,000
6.3
950(35.1)
Note. Recent revision of consolidated earnings estimates: No

Ordinary Income
Millions of yen

1,080

%
(23.0)Net Income
Attributable to
Owners of the
Parent per ShareNet Income
Attributable to
Owners of the Parent
Millions of yen

100

%
-

yen
2.21

SEKISUI KASEI CO., LTD. (4228) Consolidated Financial Results for the Second Quarter of Fiscal Year 2022 Ended March 31, 2023

Note:(1) Significant change of subsidiary companies during the term
(Change of specified subsidiaries that affected the scope of consolidated reporting): No(2) Application of special methods for quarterly consolidated financial statements: No(3) Changes to the accounting policy, changes or restatements of the accounting estimatesa) Changes caused by revisions to accounting principles: Nob) Changes other than a) : Noc) Amendments to accounting estimates : Nod) Restatements : No
(4) Number of shares outstanding (common stock)a) Number of shares outstanding at the end of term (including treasury stock):
2nd Q of FY2022
46,988,109 shares
FY2021
46,988,109 sharesb) Treasury stock at the end of term:
2nd Q of FY2022
1,712,841 shares
FY2021
1,794,266 sharesc) Average outstanding shares in the period (quarterly consolidated cumulative total):
1st Half of FY2022
45,228,750 shares
1st Half of FY2021
45,161,450 shares

Note: Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
Note: Proper use of financial results forecasts, and other special matters(Cautionary statement regarding forward-looking statements)
The forward-looking statements in this document, including financial results forecasts, are based on information currently available to
the Company and certain assumptions that the Company considers reasonable, and are not intended as a promise by the Company thatthey will be achieved. In addition, actual results may differ significantly due to various factors. Please refer to “1. Qualitative Information
on Quarterly Financial Results, (3) Explanation of Consolidated Financial Results Forecasts and Other Forward-looking Information” onpage 4 for the assumptions used in financial results forecasts, as well as precautionary statements regarding the use of financial results
forecasts.

Table of Contents
1. Qualitative Information on Quarterly Financial Results ........................................................................................... 2(1) Explanation of Operating Results......................................................................................................................... 2(2) Explanation of Financial Position ........................................................................................................................ 4(3) Explanation of Interim Dividend .......................................................................................................................... 4(4) Explanation of Consolidated Financial Results Forecasts and Other Forward-looking Information ................... 4
2. Quarterly Consolidated Financial Statements and Principal Notes .......................................................................... 5(1) Quarterly Consolidated Balance Sheets ............................................................................................................... 5(2) Quarterly Consolidated Statements of Income and Comprehensive Income ....................................................... 7
Quarterly Consolidated Statements of Income
First Half, Fiscal Year 2022 ............................................................................................................................... 7
Quarterly Consolidated Statements of Comprehensive Income
First Half, Fiscal Year 2022 ............................................................................................................................... 8(3) Quarterly Consolidated Statements of Cash Flows .............................................................................................. 9(4) Notes to Quarterly Consolidated Financial Statements ...................................................................................... 10(Notes on going concern assumption) ................................................................................................................ 10(Notes in case of significant changes in shareholders’ equity) ........................................................................... 10(Segment information, etc.) ................................................................................................................................ 10-1-

1. Qualitative Information on Quarterly Financial Results(1) Explanation of Operating Results
During the six months ended September 30, 2022, despite the easing of restrictions on behavior imposed as a result ofnovel coronavirus infectious disease (COVID-19) and signs of recovery centered on personal consumption, theprolongation of the situation in Ukraine and rising inflationary pressure caused by soaring resource prices and logistics
costs led to continued uncertainty for the global economy. In the automotive industry, shortages of semiconductors anddisruption to supply chains across the world has continued to affect production activities. In the area of electronics,
there has been a softening of demand for personal computers (PCs) and other products, and LCD panel manufacturers
have begun to implement inventory corrections. Although the Japanese economy is showing signs of recovery toward
a normalization of socio-economic activities, partly due to the spread of vaccinations and the effects of various policies,
uncertainty continues to linger primarily due to soaring raw material and fuel prices, and the depreciation of the yen.
In addition, responses to environmental issues, such as reductions in greenhouse gas emissions and the problem ofclimate change, are becoming increasingly important.
In Japan’s foam plastics industry, although the increase in food container-related demand primarily for home meals andhome-meal replacements is showing signs of slowing, it remains strong. Conversely, due to the impact of the continued
shortage of semiconductors and logistics disruption, demand for parts, transport materials and packaging materials has
not experienced a full-fledged recovery. In addition, the global rise in resource and energy prices continues to drive
cost increases, which urgently need to be addressed.
Against this challenging business environment, the Group is working to establish a resilient earnings base based on
ESG management in order to contribute to a sustainable society and achieve a sustainable enhancement of its corporate
value, as stated in the basic policy of the three-year mid-term management plan, “Spiral-up 2024,” which was launchedthis fiscal year. At the same time, the safety and health of our business partners and the Group’s employees are our firstpriority, and we will take measures to avoid risks related to COVID-19 to the maximum extent possible. We havepositioned “strengthening the earnings structure” as a key issue of the plan, and will work to restructure our businessportfolio through selection and concentration of management resources, make drastic innovations in production andrapidly generate profits from developed products. In order to promote a shift to businesses that solve environmental
and social issues, we have also positioned “expanding Sustainable Star Products through recycling-based business” and“striving to achieve carbon neutrality” as key issues, while further striving to strengthen the promotion of SKG-5R(*)
activities. As a result of these efforts, our “Lithium-ion Battery: 100% Recycled EPS and Minimized Storage,” whichuses ESLEN Beads RNW ERS characterized by 100% recycled raw materials, was awarded the “Japan Star Prize” inthe 2022 Japan Packaging Contest organized by the Japan Packaging Institute. In relation to “reinforcing ourmanagement foundations,” we have identified what constitutes materiality for the Group, and are working to thoroughly
implement PDCA management.
In terms of profits, we responded to multiple negative impacts such as those of the global supply chain disruption
resulting from lockdowns in Shanghai, China and other locations, the fire at Sekisui Kasei Oita Co., Ltd., and soaring
prices for raw materials and fuel by passing higher inputs on to selling prices, and working to reduce costs and cut fixed
expenses, but we were unable to completely offset these negative impacts.
As a result, for the six months ended September 30, 2022, the Company posted net sales of ¥60,917 million (up 2.5%
year on year), operating loss of ¥312 million was recorded (compared to an operating income of ¥653 million in thesame period of the previous fiscal year), ordinary income of ¥73 million (down 90.2% year on year). After recording
extraordinary income of ¥227 million derived from partial sales of investment securities, and making adjustments toincome taxes, this resulted in a net loss attributable to owners of the parent of ¥345 million (compared to a net incomeof ¥336 million for the same period the previous fiscal year).
* “SKG-5R” refers to SKG as SEKISUI KASEI Group, and 5R as Reduce, Reuse, Recycle, Replace, and Re-create.

-2-The results for each segment are as follows.
We have defined food and housing/energy in the Human Life segment, and mobility, electronics, and medical/healthcare
in the Industry segment, as key issue fields. We will work to restructure our business portfolio with the aim of“strengthening the earnings structure,” as stated in the mid-term plan.
<Human Life Segment>
Net sales in the Human Life segment reached ¥25,644 million (up 7.8% year on year), with a segment profit of ¥667
million (down 56.9% year on year).
The Food field declined slightly overall year on year. Food container demand related to home meals and home-meal
replacements declined slightly, but flows of people are gradually returning, and we have seen signs of a recovery inlunchboxes and other products related to tourist and restaurant demand. In agricultural applications, earlier timing of
harvests and other factors resulted in higher demand and shipments rose year on year, but fishery remained weak due
to the trend towards declining catches.
In the Housing/Energy field, civil engineering was weak due to delays in the progress of construction projects, butconstruction materials performed strongly.
Although demand related to take-out containers remained strong, there were signs of a slowdown in fresh food trays
used in supermarkets and elsewhere, which together with a fall in instant noodle-related demand resulted in a year-onyear decline in sales volume of ESLEN Sheets (foamed polystyrene sheets), our mainstay product. Sales volume of
ESLEN Beads (expandable polystyrene beads) recorded a year-on-year decline overall, with beads for cushions andother life goods showing a slowing of the demand growth of the previous year, and weakness being seen in fisheryrelated demand.
In response to repeated sharp increases in the price of raw materials, fuel, and secondary resources, we worked toreduce costs and fixed expenses and also passed higher inputs on to selling prices. However, delays in addressing
soaring prices in the first quarter, costs incurred as a result of transferring products from other factories following thefire at Sekisui Kasei Oita in April, and other factors put pressure on margins, and profits declined.

<Industry Segment>
Net sales in the Industry segment reached ¥35,273 million (down 1.0% year on year), with a segment loss of ¥342
million, compared to a loss of ¥563 million for the same quarter of the previous fiscal year.
In the Mobility field, demand for PIOCELAN (polystyrene/polyolefin hybrid resin foam) for automotive component
applications were sluggish due to the impact of automakers’ production cutbacks in response to shortages of parts,
including semiconductors in countries around the world, and lockdowns in various parts of China, despite continued
growth in component packaging material applications. In Europe, the Proseat Group worked on improvements such as
reductions in fixed costs and consolidation of production, but orders from European automobile manufacturers
stagnated due to shortages of semiconductors and other parts, and as a result of the situation in Ukraine, while theimpact of significant increases in energy costs continued to depress earnings.
In the Electronics field, demand for TECHPOLYMER (organic polymer particles) used in light diffusion applications
for LCD panels, etc. was initially strong, but began to weaken slightly in the second quarter. Due to the impact of the
prolonged lockdowns and inventory corrections for LCD panels mentioned above, demand for panel transport materials
and packaging materials using PIOCELAN in China, Taiwan and elsewhere was weak.
In the Medical/Healthcare fielf, ELASTIL (thermoplastic elastomer foam) performed well due to the expansion of-3-

demand from midsoles for running shoes to other types of shoe. Sales of ST-gel (functional high-polymer gel) for
applications such as medical electrodes remained strong.
In terms of profits, although we took steps to improve productivity and cut fixed expenses, and worked to pass soaring
prices for raw materials and fuel on to selling prices, the time lag between being affected by higher costs and passing
them on to customers resulted in a loss.

In terms of profits, we have worked on productivity improvements and fixed cost reductions. In response to soaring
raw material and fuel prices, we have also proceeded to shift such costs to product prices. However, there were delaysin this process on a global basis, which resulted in a loss.
(2) Explanation of Financial Position
At the end of the second quarter under review, total assets had increased by ¥5,501 million to ¥148,809 million. In
assets, increases in notes receivable and accounts receivable resulted in current assets rising by ¥3,843 million. Noncurrent assets also increased, by ¥1,657 million, due mainly to a decrease in the valuation of investments in securities.
In liabilities, current liabilities rose by ¥2,077 million as a result of increases in notes and accounts payable -trade andother items. In addition, mainly as a result of an increase in long-term loans, long-term liabilities increased by ¥2,584
million. Net assets rose by ¥839 million to ¥59,082 million, due mainly to increases in items such as net unrealized
holding gain on securities. As a result, the equity ratio was 39.2%.
As for cash flows for the six months ended September 30, 2022, cash flows from operating activities saw proceeds
decrease by ¥586 million year on year, resulting in ¥352 million in net cash provided by operating activities, due mainly
to the decline in income before income taxes. Due in part to the decline in capital expenditures and to proceeds fromsales of investments in securities, cash outflows associated with investing activities decreased by ¥635 million year on
year, resulting in ¥660 million in net cash used in investing activities. Due to repayment of long-term loans and otherfactors, net cash provided by financing activities decreased by ¥1,668 million year on year, to ¥127 million. As a result,the balance of cash and cash equivalents as of September 30, 2022 decreased by ¥68 million from the end of theprevious fiscal year to ¥10,434 million.
(3) Explanation of Interim Dividend
The Company has traditionally considered the return of profits to shareholders an important management issue.
Operating conditions in the first half were difficult, but with the emphasis on a stable dividend we will pay an interim
dividend of 3 yen per share, in line with the initial announcement.
(4) Explanation of Consolidated Financial Results Forecasts and Other Forward-looking Information
Consolidated earnings forecasts for the full year of the fiscal year ending March 31, 2023 are unchanged from theassumptions and figures announced on August 2, 2022.

-4-

2. Quarterly Consolidated Financial Statements and Principal Notes(1) Quarterly Consolidated Balance Sheets(Millions of yen)
As of March 31, 2022
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract assets
Electronically recorded monetary claims - operating
Merchandise and finished goods
Work in process goods
Raw materials and supplies
Other current assets
Less allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Other intangible assets
Total intangible assets
Investments and other assets
Investments in securities
Assets for retirement benefits
Other assets
Less allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-5-

As of September 30, 2022

10,51028,993
6,526
8,633
1,785
4,756
2,617
(52)
63,771

10,442
29,747
7,097
9,161
2,088
5,278
3,829
(30)
67,615

15,44813,737
21,413
5,053
55,652

15,275
13,425
21,522
5,136
55,358

1,131
1,131

1,346
1,346

14,849
6,155
1,796
(47)
22,752
79,536
143,308

16,259
6,270
2,006
(47)
24,48981,194
148,809(Millions of yen)
As of March 31, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term loans
Accrued income taxes
Provision for bonuses to employees
Provision for bonuses to directors and audit and supervisoryboard members
Provision for loss on business withdrawal of a subsidiary
Other current liabilities
Total current liabilities
Long-term liabilities
Bond
Long-term loans
Liabilities for retirement benefits
Provision for product warranty
Other long-term liabilities
Total long-term liabilities
Total liabilities
Net assets
Shareholders’ equity
Common stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive income
Net unrealized holding gain on securities
Surplus arising from land revaluation
Translation adjustments
Retirement benefits liability adjustments
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets-6-

As of September 30, 2022

16,065
9,145
16,252767
1,046

17,542
8,950
16,184
699
984

6

32

446
6,985
50,71577
8,322
52,7937,000
13,863
3,608
108
9,769
34,34985,0657,000
15,771
3,712
96
10,35336,93489,727

16,533
16,503
16,602(1,448)48,19016,533
16,445
15,940(1,382)47,537

7,442
1,479
745
(332)
9,334
717
58,242
143,308

8,553
1,479
1,150
(379)
10,803741
59,082
148,809(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income
First Half, Fiscal Year 2022
First Half, FY2021(From April 1,2021
to September 30, 2021)
59,41947,072
12,347
11,693653

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income (loss)
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Subsidy income
Other non-operating income
Total non-operating income
Non-operating expenses
Interest expense
Loss on sales or disposal of equipment
Other non-operating expenses
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of investments in securities
Total extraordinary income
Net income before income taxes
Income taxes
Net income (loss)
Net income attributable to non-controlling interests
Net income (loss) attributable to owners of the parent-7-(Millions of yen)First Half, FY2022(From April 1,2022
to September 30, 2022)
60,91749,441
11,475
11,788
(312)

6
185
69
23
241
527

9
204
411
22
98
746

200
108
120
430
750

225
14
121
360
73

405
405
1,155
817
338
1
336

227
227
301
644
(343)
2
(345)

Quarterly Consolidated Statements of Comprehensive Income(Millions of yen)

Net income (loss)
Other comprehensive (loss) income
Net unrealized holding gain on securities
Translation adjustments
Retirement benefits liability adjustments
Total other comprehensive (loss) income
Comprehensive income
Comprehensive income attributable to:
Owners of parent
Non-controlling interests-8-First Half, FY2021(From April 1,2021
to September 30, 2021)
338

First Half, FY2022(From April 1,2022
to September 30, 2022)(343)(1,166)320(215)(1,061)
(722)

1,110
405
(46)
1,468
1,125

(724)
1

1,123
2

(3) Quarterly Consolidated Statements of Cash Flows(Millions of yen)First Half, FY2021(From April 1,2021
to September 30, 2021)
Cash flows from operating activities
Net income (loss) before income taxes
Depreciation and amortization
Amortization of goodwill
Decrease in allowance for doubtful accounts
Interest and dividend income
Interest expense
Decrease in provision for bonuses to employees
Decrease in provision for product warranty
Changes in assets and liabilities for retirement benefits, net(Gain) loss on sales of investments in securities
Loss on sales or disposal of equipment, net
Subsidy income(Increase) decrease in notes and accounts receivable
Increase in inventories
Increase (decrease) in notes and accounts payable
Other, net
SubtotalInterest and dividends received
Interest paid
Proceeds from casualty insurance claims
Proceeds from subsidy income
Income taxes
Net cash used in operating activities
Cash flows from investing activities
Purchases of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchases of investments in securities
Proceeds from sales of investments in securities
Increase in short-term and long-term loans receivableCollection of short-term and long-term loans receivable
Other, net
Net cash used in investing activities
Cash flows from financing activities
Net increase in short-term loans
Proceeds from long-term loans
Repayment of long-term loans
Dividends paid
Dividends paid to non-controlling shareholders
Other, net
Net cash (used in) provided by financing activities
Effect of exchange rate changes on cash and cash equivalents
Net (decrease) increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the period
Cash and cash equivalents at the end of the period-9-First Half, FY2022(From April 1,2022
to September 30, 2022)

1,155
3,141
88
(4)
(192)
200
(26)
(18)
(483)
(405)
107
(23)
(970)
(1,568)
1,941
(990)
1,949
191
(198)
141
23
(1,169)
939

301
2,800
(24)
(213)
225
(63)
(11)
(106)
(227)
12
(22)
(543)
(872)
714
(1,138)
828
213
(214)
122
22
(618)
(352)

(1,838)
23
(2)
485
(7)
9
33
(1,296)(1,141)
65
(2)
425
(1)
0
(6)
(660)

6,044
(2,965)
(767)
(2)
(512)
(1,796)75
1,514
12,49814,012511
5,307(4,904)
(316)
(1)
(468)
127
112
(68)
10,503
10,434

(4) Notes to Quarterly Consolidated Financial Statements(Notes on going concern assumption)
Not applicable.
(Notes in case of significant changes in shareholders’ equity)
Not applicable.
(Segment information, etc.)(Segment information)
I. First Half, Fiscal Year 2022 (from April 1, 2021 to September 30, 2021)
1. Information on net sales and income (loss) by reportable segment, and information on disaggregation of revenue

Reportable segments
Human Life

Industry

Total

Adjustments(Note 1)

(Millions of yen)Amounts recorded in
the Quarterly
Consolidated
Statements of Income(Note 2)

Net salesJapan
23,720
10,66834,38834,388Europe16,82016,82016,820
Asia
73
6,953
7,027
7,027
Other
0
1,182
1,183
1,183
Revenue from contracts with
23,79435,624
59,41959,419customers
Other revenue
Net sales to third parties
23,79435,624
59,41959,419Inter-segment net sales or
285
61
346
(346)
transfers
Total
24,08035,686
59,766(346)
59,419Segment income (loss)
1,548
(563)
985
(235)
750
Notes: 1. Adjustments were as follows:
Adjustments for segment income (loss) of ¥ (235) million consisted of inter-segment eliminations of ¥0 million and companywide expenses not allocated to reportable segments of ¥(235) million.
2. Segment income (loss) was adjusted for ordinary income in the Quarterly Consolidated Statements of Income.
3. Major products in each segment- Human Life Segment:
ESLEN Beads, ESLEN Sheet, ESLEN Wood, INTERFOAM, other foamed/molded products, ES Dan Mat,ESLEN Block, etc.
- Industry Segment:
PIOCELAN, LIGHTLON, NEOMICROLEN, CELPET, TECHPOLYMER, ST-gel, TECHEATER, ELASTIL,
FOAMAC, ST-LAYER, ST-Eleveat, other foamed/molded products, etc.

- 10 -

II. For Half, Fiscal Year 2022 (from April 1, 2022 to September 30, 2022)
1.Information on net sales and income (loss) by reportable segment, and information on disaggregation of revenue

Reportable segments
Human Life

Industry

Total

Adjustments(Note 1)

(Millions of yen)Amounts recorded in
the Quarterly
Consolidated
Statements of Income(Note 2)

Net salesJapan
25,567
10,546
36,11336,113
Europe16,01416,01416,014
Asia
77
6,929
7,006
7,006
Other
1,783
1,783
1,783
Revenue from contracts with
25,64435,27360,91760,917
customers
Other revenue
Net sales to third parties
25,64435,27360,91760,917
Inter-segment net sales or
286
74
360
(360)
transfers
Total
25,93035,347
61,278(360)
60,917
Segment income (loss)
667
(342)
325
(251)
73
Notes: 1. Adjustments were as follows:
Adjustments for segment income (loss) of ¥ (251) million consisted of inter-segment eliminations of ¥(1) million and companywideexpenses not allocated to reportable segments of ¥ (250) million.
2. Segment income (loss) was adjusted for ordinary loss in the Quarterly Consolidated Statements of Income.
3. Major products in each segment- Human Life Segment:
ESLEN Beads, ESLEN Sheet, ESLEN Wood, INTERFOAM, other foamed/molded products, ES Dan Mat,ESLEN Block, etc.
- Industry Segment:
PIOCELAN, LIGHTLON, NEOMICROLEN, CELPET, TECHPOLYMER, ST-gel, TECHEATER, ELASTIL,
FOAMAC, ST-LAYER, ST-Eleveat, other foamed/molded products, etc.

- 11 -