For the Fiscal Year Ended March 31, 2017

Annual Select® 2017

Tayca Corporation
3-6-13 Kitahama, Chuo-ku, Osaka(Securities Code: 4027)+81-6-6208-6400

Corporate Profile
The history of “Tayca Corporation” dates back to 1919, when the company was founded as “Teikoku Jinzo
Fertilizer Co., Ltd.,” with sulfuric acid and superphosphate fertilizer as its key products. Ever since its
foundation, based on the sulfuric acid-related technology, we have devoted ourselves to the production andmarketing of various industrial chemical products, adapting ourselves to the changing needs of time andsociety. These products include items such as titanium dioxide, surfactants, and various types ofphosphates.
At present, we utilize sulfonation, surface treatment, and dispersion technologies that we have perfected
over many years to create specialty products, including conductive polymers and related products for highperformance capacitors, and surface treatment products and micro titanium dioxide for cosmetics. We are
likewise working actively to extend these technologies to expand our business. At the same time, we are
striving to construct new businesses that will support Tayca in the future. Our targets include theenvironment and energy sector, the electrical and electronics sector, and the medical and health care sector,
and we are working towards the early commercialization of new products in these sectors.
In 2019, Tayca will celebrate the 100th anniversary of its foundation. To mark this occasion, we definedwhat the ideal future for Tayca is in our “Challenge 100” vision, and ensured that it was common
knowledge for all of our employees. Also, under the motto of “Let’s fly to our limitless future,” we plan on
working towards revitalizing our personnel and organization and build a stronger management structure.

I. Summary of Selected Financial Data (Consolidated)

Net sales

147th term

148th term

149th term

150th term

151st term

Fiscal year ended
March 31, 2013

Fiscal year ended
March 31, 2014

Fiscal year ended
March 31, 2015

Fiscal year ended
March 31, 2016

Fiscal year ended
March 31, 201734,77836,18637,12036,61838,241

2,817

2,682

3,920

4,873

5,969

1,723

1,667

2,460

3,218

4,070

2,362

2,723

4,646

1,852

5,560

27,82630,131

33,11334,344

39,224

41,173

42,634

48,12648,19853,975558.51604.33691.58723.07829.60

34.72

33.61

50.26

67.64

86.20

–

–

–

–

–

67.3

70.3

68.4

70.9

72.3

6.5

5.8

7.8

9.6

11.1

8.2

8.7

8.6

7.8

8.8

(151)

6,429

4,675

5,743

7,375

(1,710)(2,104)(2,254)(2,881)(1,749)(348)(2,031)(747)(1,708)(1,459)

3,229

5,544

7,334

8,461

12,614

595

603

617

628

645

(Millions of yen)

Ordinary profit(Millions of yen)

Profit attributable to owners ofparent(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 (used in)operating activities(Millions of yen)

Net cash provided by (used in)investing activities(Millions of yen)

Net cash provided by (used in)financing activities(Millions of yen)

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

Number of employees(Persons)

Notes: 1.
2.

“Net sales” does not include consumption taxes.
“Diluted earnings per share” is not provided since there are no potential shares.

-1-II. Top Message

Tayca Corporation’s 151st term (from April 1, 2016 to March 31, 2017) has
ended and as such we hereby offer the following report regarding thesettlement of accounts, etc.

Masao Nagita
President

III. Performance for the Current Fiscal Year
During the current fiscal year, Tayca proactively promoted sales activities in areas such as opening up newmarkets both in Japan and abroad and expanding business with existing customers while achieving brisk sales of
specialty products such as surface treatment products for cosmetics. As a result, net sales were ¥38,241 million(up 4.4% from the previous fiscal year).
In addition, Tayca worked on reducing manufacturing costs and increasing efficiency for overall management asmeasures to improve profitability. As a result, operating profit was ¥5,854 million (up 23.7% from the previous
fiscal year), ordinary profit was ¥5,969 million (up 22.5% from the previous fiscal year), and profit attributableto owners of parent was ¥4,070 million (up 26.5% from the previous fiscal year).
For the current fiscal year, Tayca plans to pay a year-end dividend of ¥6 per share, bringing the annual dividend
to ¥12 per share when combined with the interim dividend of ¥6 per share.
Business Related to Titanium Dioxide
In regard to general usage titanium dioxide, both sales volume and net sales increased year on year owing to firm
demand for paints/inks in Japan, and steady sales for exports to mostly the Southeast Asian market.
In regard to specialty use micro titanium dioxide, although sales volume rose year on year due to firm sales tocosmetics, net sales were on par with the previous fiscal year after the effect of yen appreciation. For surface
treatment products, sales proceeded briskly due to the demand for cosmetics, boosted by the inbound demand of
tourists to Japan, etc. and both sales volume and net sales increased year on year.
As a result of the above, net sales for this business were ¥21,215 million (up 5.1% from the previous fiscal year).
Other BusinessIn regard to surfactants, sales volume in Japan proceeded on par with the previous year while sales at ourconsolidated subsidiary in Thailand proceeded briskly, resulting in net sales rising year on year.
Sales volume and net sales of sulfuric acid were on par with the previous fiscal year.
In regard to pollution-free anti-corrosive pigment, although sales in Japan were sluggish, exports were strong,and net sales were on par with the previous fiscal year.
In regard to conductive polymers and related products, sales for capacitors proceeded briskly, which led toconsiderable year-on-year increases for both sales volume and net sales.

-2-Net sales in the warehousing business exceeded those of the previous fiscal year due to an increase in freight
handling volume.
In regard to electro-ceramic products, net sales rose year on year owing to brisk sales for medical devices.
As a result of the above, net sales for this business were ¥17,026 million (up 3.6% from the previous fiscal year).

Net sales (millions of yen)

Operating profit (millions of yen)
(Forecast)(Forecast)

148th term

149th term 150th term 151st term 152nd term

148th term

149th term 150th term 151st term 152nd term

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

March 31, 2014)

March 31, 2015)

March 31, 2016)

March 31, 2017)

March 31, 2018)

March 31, 2014)

March 31, 2015)

March 31, 2016)

March 31, 2017)

March 31, 2018)

Profit attributable toowners of parent (millions of yen)

Ordinary profit (millions of yen)
(Forecast)(Forecast)

148th term

149th term 150th term 151st term 152nd term

148th term

149th term

150th term 151st term 152nd term

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

March 31, 2014)

March 31, 2015)

March 31, 2016)

March 31, 2017)

March 31, 2018)

March 31, 2014)

March 31, 2015)

March 31, 2016)

March 31, 2017)

March 31, 2018)-3-

IV. Forecasts for the Next Fiscal YearIn regard to the business environment surrounding the TAYCA Group, although a temporary surge in demand
for general usage titanium dioxide is presently being observed, it is expected that there will be oversupply in themedium to long term. Also taking into account the rising trend of fuel prices, the situation is expected to become
more difficult on the earnings front.
In regard to specialty use micro titanium dioxide, micro zinc oxide, and surface treatment products, as global
interest has increased for ultra-violet (UV) radiation protection and because demand was strong for theabove-mentioned products as a treatment for preventing damage caused by UV radiation, the market for them,both in Japan and abroad, is expected to expand. Accordingly, we are working to further expand sales of theseproducts.
In regard to surfactants, while expansion of demand in the Japanese detergent market is not expected, growth ofthe detergent market in Southeast Asia has been continuing. In response to this, our consolidated subsidiaries inThailand and Vietnam are working to expand sales in this market.
In regard to the consolidated performance for the next fiscal year, as a result of the circumstances describedabove, at this time, Tayca expects net sales of ¥43,000 million, operating profit of ¥6,100 million, ordinary profitof ¥6,100 million, and profit attributable to owners of parent of ¥4,200 million.
Furthermore, in regard to the dividend for the next fiscal year, at this time, Tayca is scheduled to increase theannual dividend by ¥2 per share compared to the current fiscal year, bringing the annual dividend to ¥14 pershare: a combination of an interim dividend of ¥7 per share and a year-end dividend of ¥7 per share.

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

As of March 31,
2016

As of March 31,
2017

As of March 31,
2017

8,540
10,746
4,703
592
2,342
261
562
27,74912,693
11,498
4,380
535
1,956
231
266
31,561

113,128
102,477
39,037
4,768
17,4332,058
2,370
281,292

4,064
4,425
1,274
1,675
456
11,896

4,242
5,118
1,272
483
389
11,50737,80745,614
11,336
4,304
3,467
102,557

52
52

49
49

436
436

7,665
343
175
338
(23)
8,499
20,44948,19810,067
330
137
344
(23)
10,85722,41453,97589,723
2,941
1,221
3,065
(204)
96,764
199,768
481,060

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Deferred tax assets
Other
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
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,
2016

As of March 31,
2017

As of March 31,
2017

3,479
284
625
907
369
2,490
8,156

3,859
146
516
1,091
367
2,944
8,925

34,393
1,301
4,598
9,723
3,270
26,23879,545

1,572
203
680
16
13
3,211
–
5,696
13,853

1,055
179
1,329
16
12
3,188
44
5,825
14,7519,402
1,595
11,844142
106
28,413392
51,916
131,470

9,855
6,766
15,654(1,627)30,6499,855
6,766
19,204(1,780)34,047

87,83460,303
171,158(15,864)
303,449

3,549

5,104

45,490

–
240
(285)
3,505
189
34,344
48,198

(42)
116
(211)
4,967
209
39,22453,975(374)
1,033(1,880)44,2691,862
349,590
481,060

Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Current portion of long-term loans payable
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Lease obligations
Deferred tax liabilities
Long-term accounts payable - other
Provision for environmental measures
Net defined benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
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, 2016

Fiscal year ended
March 31, 2017

Fiscal year ended
March 31, 201736,61826,7699,849

38,241
27,026
11,215

340,828
240,873
99,955

1,758
237
737
76
51
167
192
9
66
1,074
745
5,117
4,731

1,843
235
758
82
56
175
211
14
49
1,104
830
5,361
5,854

16,426
2,094
6,755
730
499
1,559
1,880
124
436
9,839
7,397
47,78052,174

3
139
106
73
323

3
149
–
48
201

26
1,327
–
427
1,791

47
20
97
15
181
4,873

33
15
13
22
86
5,969

294
133
115
196
766
53,199

–
–

22
22

196
196

108
108
4,765
1,469
53
1,523
3,241
23
3,218

133
133
5,858
1,735
18
1,754
4,104
34
4,070

1,185
1,185
52,21015,463160
15,632
36,577303
36,274

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Transportation and warehousing expenses
Directors’ compensations
Salaries and allowances
Provision for bonuses
Retirement benefit expenses
Welfare expenses
Rent expenses
Insurance expenses
Depreciation
Research and development expenses
Other
Total selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Reversal of provision for environmental measures
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on abandonment of inventories
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of investment securities
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
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, 2016

Fiscal year ended
March 31, 2017

Fiscal year ended
March 31, 2017

3,241

4,104

36,577(1,104)
–
(77)
(208)
(1,389)
1,852

1,554
(42)
(129)
73
1,456
5,560

13,850(374)(1,149)650
12,97649,554

1,844

5,532

49,304828

249

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 ofparentComprehensive income attributable tonon-controlling interests-8-(3) Consolidated Statements of Changes in Equity
Fiscal year ended March 31, 2016
(Millions of yen)
Shareholders’ equity
Capital stock
Balance at beginning ofcurrent period
Changes of items during
periodCapital surplus

9,855

Retained earnings

Treasury shares

Total shareholders’equity12,864(1,440)28,047

6,766

Dividends of surplus

(428)

(428)

Profit attributable to ownersof parent

3,218

3,218

Purchase of treasury shares
Net changes of items otherthan shareholders’ equity
Total changes of items during
periodBalance at end of current
period

(186)

(186)

–

–

2,789

(186)

2,602

9,855

6,766

15,654(1,627)30,649

Accumulated other comprehensive income
Valuationdifference on
available-forsale securities
Balance at beginning ofcurrent period
Changes of items during
period4,653

Foreigncurrencytranslation
adjustment

Remeasurementsof defined
benefit plans

Total
accumulated
othercomprehensive
income

(76)

4,879

302

Non-controllinginterests

Total net assets

187

33,113

Dividends of surplus(428)

Profit attributable to ownersof parent

3,218

Purchase of treasury shares(186)

Net changes of items otherthan shareholders’ equity
Total changes of items during
periodBalance at end of current
period(1,104)

(61)

(208)

(1,374)2(1,371)(1,104)

(61)

(208)

(1,374)

2

1,230

3,549

240

(285)

3,505

189

34,344-9-

Fiscal year ended March 31, 2017
(Millions of yen)
Shareholders’ equity
Capital stock
Balance at beginning ofcurrent period
Changes of items during
periodCapital surplus

9,855

Retained earnings

6,766

Treasury shares

15,654

Total shareholders’equity(1,627)30,649Dividends of surplus

(519)

(519)

Profit attributable to ownersof parent

4,070

4,070

Purchase of treasury shares
Net changes of items otherthan shareholders’ equity
Total changes of items during
periodBalance at end of current
period

(152)

(152)

–

–

3,550

(152)

3,397

9,855

6,766

19,204(1,780)34,047

Accumulated other comprehensive income
Valuationdifference on
availablefor-salesecurities
Balance at beginning ofcurrent period
Changes of items during
period3,549

Deferred
gains orlosses onhedgesForeigncurrencytranslation
adjustment
–

240

Total
Non-controlling
Remeasurements accumulated
interestsof definedotherbenefit planscomprehensive
income
(285)

3,505

189

Total net
assets34,344

Dividends of surplus(519)

Profit attributable to ownersof parent

4,070

Purchase of treasury shares(152)

Net changes of items otherthan shareholders’ equity
Total changes of items during
periodBalance at end of current
period

1,554

(42)

(124)

73

1,461

19

1,481

1,554

(42)

(124)

73

1,461

19

4,879

5,104

(42)

116

(211)

4,967

209

39,224- 10 -

Fiscal year ended March 31, 2017
(Thousands of U.S. dollars)
Shareholders’ equity
Capital stock
Balance at beginning ofcurrent period
Changes of items during
periodCapital surplus

87,83460,303Retained earnings

Treasury shares

Total shareholders’equity139,518(14,500)

273,163

Dividends of surplus(4,625)(4,625)

Profit attributable to ownersof parent

36,27436,274Purchase of treasury shares
Net changes of items otherthan shareholders’ equity
Total changes of items during
periodBalance at end of current
period(1,354)(1,354)––

31,639(1,354)30,276

87,83460,303

171,158(15,864)

303,449

Accumulated other comprehensive income
Valuationdifference on
availablefor-salesecurities
Balance at beginning ofcurrent period
Changes of items during
period31,631

Deferred
gains orlosses onhedges–Foreigncurrencytranslation
adjustment

Remeasurementsof defined
benefit plans

Total
accumulated
othercomprehensive
income2,139(2,540)31,238Non-controllinginterests

1,684

Total net
assets306,096

Dividends of surplus(4,625)

Profit attributable to ownersof parent

36,274Purchase of treasury shares(1,354)

Net changes of items otherthan shareholders’ equity
Total changes of items during
periodBalance at end of current
period13,850(374)(1,105)650

13,021

169

13,19913,850(374)(1,105)650

13,021

169

43,48445,490

(374)

1,033

(1,880)44,2691,862

349,590- 11 -

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

Fiscal year ended
March 31, 2016

Fiscal year ended
March 31, 2017

Fiscal year ended
March 31, 2017

4,765
1,886
108
59
(143)
47

5,858
2,043
133
83
(153)
33

52,21018,2081,185
739(1,363)
294

(138)

(774)

(6,898)

753

758

6,755

(4)

398

3,547

(262)
80
7,152
143
(47)
(1,504)
5,743

245
259
8,886
153
(33)
(1,630)
7,375

2,183
2,308
79,197
1,363(294)(14,527)
65,730(2,786)(12)–(82)(2,881)(1,489)
(163)
30
(126)
(1,749)(13,270)(1,452)267(1,122)(15,588)

(432)
40
(686)
(186)
(427)
(5)
(10)
(1,708)

(131)
–
(623)
(152)
(518)
(8)
(25)
(1,459)(1,167)–(5,552)(1,354)(4,616)(71)(222)(13,003)

(25)

(13)

(115)

1,127
7,334
8,461

4,153
8,461
12,61437,01475,409112,424

Cash flows from operating activities
Profit before income taxes
Depreciation
Loss on retirement of non-current assets
Increase (decrease) in net defined benefit liability
Interest and dividend income
Interest expenses
Decrease (increase) in notes and accounts
receivable - trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable trade
Increase (decrease) in accrued consumption taxes
Other, net
SubtotalInterest and dividend income received
Interest expenses 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 sales of investment securities
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable
Repayments of long-term loans payable
Purchase of treasury shares
Cash 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 -

VI. 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: Business Related to Titanium Dioxide and Other Business.
Business Related to Titanium Dioxide involves the production of products related to titanium dioxide, etc., at thefactory in the Okayama region, and Other Business primarily involves the production of products, etc., centeredon sulfonation at the Osaka Factory.
Main products belonging to each segment are as follows:(1) Business Related to Titanium Dioxide:
Titanium dioxide, micro titanium dioxide, micro zinc oxide, surface treatment products, photocatalytic
titanium dioxide, etc.
(2) Other Business:
Surfactants, sulfuric acid, pollution-free anti-corrosive pigment, conductive polymers and related products,
electro-ceramic products, 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.
3. Information about net sales, profit or loss, assets, liabilities, and other items by reportable segment
Fiscal year ended March 31, 2016
(Millions of yen)
Reportable segment

Amountrecorded on the
consolidated
financialstatements

Business
Related toTitanium
DioxideOther BusinessTotal

Net sales
Net sales to external customers
Inter-segment sales or transfers

20,191–

16,426
777

36,618
777

–
(777)

36,618–

Total

20,191

17,20437,395(777)

36,618Segment profit

2,966

1,781

4,747

(15)

4,731

Segment assets

19,346

12,68632,033

16,16548,198

1,266

611

1,877

8

1,886

2,004

1,251

3,256

7

3,263

Other items
Depreciation
Increase in property, plant andequipment and intangible assets

Adjustment(Notes)

Notes: 1. Details of “Adjustment” are as follows:(1) The adjustment of negative ¥15 million on segment profit represents inter-segment transaction eliminations.
(2) The adjustment of ¥16,165 million on segment assets includes negative ¥268 million of elimination of inter-segment
receivables by offsetting and ¥16,433 million of corporate assets that are not allocated to reportable segments.
2. Segment profit is adjusted to operating profit in the consolidated financial statements.

- 13 -

Fiscal year ended March 31, 2017
(Millions of yen)
Reportable segment

Amountrecorded on the
consolidated
financialstatements

Business
Related toTitanium
DioxideOther BusinessTotal

Net sales
Net sales to external customers
Inter-segment sales or transfers

21,215–17,026639

38,241
639

–
(639)

38,241–

Total

21,215

17,66538,881(639)

38,241

Segment profit

3,789

2,050

5,840

13

5,854

Segment assets

18,702

12,676

31,37922,59653,975

1,350

699

2,050

(7)

2,043

1,095

912

2,007

(4)

2,003

Other items
Depreciation
Increase in property, plant andequipment and intangible assets

Adjustment(Notes)

Notes: 1. Details of “Adjustment” are as follows:(1) The adjustment of ¥13 million on segment profit represents inter-segment transaction eliminations.
(2) The adjustment of ¥22,596 million on segment assets includes negative ¥692 million of elimination of inter-segment
receivables by offsetting and ¥23,288 million of corporate assets that are not allocated to reportable segments.
2.

Segment profit is adjusted to operating profit in the consolidated financial statements.

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VII. History
December 1919
November 1920
October 1938
June 1939
March 1942
April 1942
June 1944
August 1945
April 1951
June 1961
July 1965
April 1967
April 1969
November 1969
June 1973
October 1981
June 1984
August 1989
February 1994
January 1996
April 1997
August 2000
October 2001
September 2006
February 2014

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.
Teikoku Synthetic Fertilizer Co., Ltd. was renamed Teikoku Kako Co., Ltd.
A plant in Owada, where sulfuric acid was produced by the Monsanto Contact Process, wasacquired.
Production of fluorides at Osaka and Okayama Factories was discontinued.
Production of titanium dioxide at Okayama Factory began.
Production of surfactants at Osaka Factory began.
Production of superphosphate fertilizers was discontinued.
Warehousing business (Funamachi Warehousing) started in the Osaka Factory premises.
Hyakushima Warehouse, now parts of Tayca Warehousing Co., Ltd., was built in the
Owada Factory premises, where a warehousing business started.
In order to join the Western Japan Sulfuric Acid Center of Dowa Mining Co., Ltd., Owada
Factory discontinued its operation and removed its production equipment.
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.
Teikoku Kako Co., Ltd. was renamed Tayca Corporation, marking the 70th anniversary of
its foundation.
Tayca obtained 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 (current Osafune, Kumayama Factory) and production commenced.
Tayca’s development division became a separate entity, and TFT Corporation, wholly
owned by the company, was established to manufacture and sell electro-ceramic products.
Tayca obtained ISO 14001 certification at Osaka Factory and Okayama Factory.
TAYCA (Thailand) Co., Ltd. was established in Chonburi, Thailand to manufacturesurfactants.
To expand surface treatment business, Tayca opened its Kumayama Factory in Akaiwa-shi,
Okayama and production commenced.
TAYCA (VIETNAM) CO., LTD. was established in Dong Nai, Vietnam to manufacturesurfactants.

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VIII. Corporate Data
Basic Information (as of June 28, 2017)
Trade name:
Established:
Listed market:

Tayca Corporation
December 22, 1919
The First Section of the Tokyo Stock Exchange(Securities Code: 4027)
May 1924
From April 1 to March 31 of the following year
9,855,953,999 yen
471 persons
3-6-13 Kitahama, Chuo-ku, Osaka+81-6-6208-6400
Tayca Warehousing Co., Ltd.
Tayca Trading Co., Ltd.
TFT Corporation
Tayca M&M Corporation
TAYCA (Thailand) Co., Ltd.
TAYCA (VIETNAM) CO., LTD.

Listed:Business year:
Capital stock:
Number of employees:
Head office:Telephone:
Consolidated subsidiaries:

Directors and Audit & Supervisory Board Members (as of June 28, 2017)
President
Managing Director
Managing Director
Director Senior Advisor
Director
Director
Director
Director*
Director*
Auditor (Standing)**
Auditor (Standing)
Auditor**
Auditor*** Outside Director

Masao Nagita
Hirofumi Yamazaki
Takeshi Hemmi
Manabu Kiyono
Masaaki Tozawa
Masahiko Nishino
Takeshi Ikegami
Hitoshi Tanaka
Mamiko Ozaki
Norikatsu Okada
Akira Miyazaki
Hiroyuki Yamada
Koji Yamamoto** Outside Auditor- 16 -

Stock Status (as of March 31, 2017)
Total number of authorized shares:
Total number of issued shares:
Number of shareholders:

150,000,000 shares
51,428,828 shares
3,538

Major shareholders (Top 10)
Name
MITSUI & CO., LTD.
KBL EPB S.A. 107704
Mitsubishi Corporation
Yamada Sangyo Co., Ltd.
Trust & Custody Services Bank, Ltd. as trustee forMizuho Bank Retirement Benefit Trust Accountre-entrusted by Mizuho Trust and Banking Co.,Ltd.
Tayca Corporation Trading-Partner Shareholding
Association
NIPPON TOCHI-TATEMONO Co., Ltd.
Japan Trustee Services Bank, Ltd. (Trust account)
Kansai Paint Co., Ltd.
Sojitz Corporation

Number of shares held(Thousands)
3,568
3,307
3,260
2,940

Shareholding ratio (%)
6.93
6.43
6.34
5.71

2,018

3.92

1,885

3.66

1,389
1,245
1,224
1,000

2.70
2.42
2.38
1.94

* In addition to shares described above, Tayca Corporation holds 4,400 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 ¥112.20 = U.S. $1, the approximate rate of exchange at March 31, 2017, 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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