For the Fiscal Year Ended March 31, 2023

Annual Select® 2023

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

153rd term

154th term

155th term

156th term

157th term

Fiscal year ended
March 31, 2019

Fiscal year ended
March 31, 2020

Fiscal year ended
March 31, 2021

Fiscal year ended
March 31, 2022

Fiscal year ended
March 31, 2023

47,38545,43538,402

46,362

54,773

6,033

5,798

2,740

4,156

4,717

4,007

3,830

1,927

2,845

2,986

3,029

3,056

4,222

1,876

3,239

45,356

46,94050,23051,26353,65863,91663,554

69,177

72,12875,717

1,916.26

2,010.70

2,152.62

2,196.16

2,296.45

170.47163.7083.16

122.79128.86

–

–

–

–

–

70.5

73.3

72.1

70.6

70.3

9.1

8.4

4.0

5.6

5.7

14.9

8.7

17.8

10.5

9.1

4,830

5,165

4,953

4,841

581

(3,787)(5,498)(4,905)(2,807)(2,980)1,270(2,346)2,519(2,363)825

13,388

10,713

13,25012,981

11,582

758

793

834

825

832

(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) andsubsequent term are those after applying the new accounting standards.

-1-II. Top Message

Tayca Corporation’s 157th term (from April 1, 2022 to March 31,2023) 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, 2023, the Group posted net sales of ¥54,773 million (up 18.1%
from the previous fiscal year), operating profit of ¥4,224 million (up 15.7% from the previous fiscal year),ordinary profit of ¥4,717 million (up 13.5% from the previous fiscal year) and profit attributable to ownersof parent of ¥2,986 million (up 4.9% from the previous fiscal year). This was mainly due to a recovery insales of functional fine particle products for cosmetics, particularly for export.

Net sales (millions of yen)

Operating profit (millions of yen)

153rd term

154th term

155th term

156th term

157th term

153rd term

154th term

155th term

156th term

157th 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, 2023)

March 31, 2019)

March 31, 2020)

March 31, 2021)

March 31, 2022)

March 31, 2023)

Profit attributable toowners of parent (millions of yen)

Ordinary profit (millions of yen)

153rd term

154th term

155th term

156th term

157th term

(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, 2023)-2-

153rd term

154th term

155th term

156th term

157th term

(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, 2023)

Functional Chemical BusinessIn regard to general usage titanium dioxide, net sales grew year on year, mainly due to a gradual recovery
in demand in the domestic market, although export sales volume declined due to factors including the
lockdowns in China. In regard to specialty use micro titanium dioxide, micro zinc oxide, and surface
treatment products, both sales volume and net sales increased year on year due to recovery in overseas
sales, primarily to the United States.
As a result of the above, net sales for this business were ¥27,130 million (up 18.9% from the previous fiscal
year), and segment profit was ¥2,221 million (up 122.6% from the previous fiscal year).
Net sales (millions of yen)

Operating profit (millions of yen)

153rd term

154th term

155th term

156th term

157th term

153rd term

154th term

155th term

156th term

157th 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, 2023)

March 31, 2019)

March 31, 2020)

March 31, 2021)

March 31, 2022)

March 31, 2023)

Electronic Material and Basic Chemical BusinessNet sales of surfactants increased year on year as a result of increased sales at overseas consolidated
subsidiaries and sales price revisions, despite a decline in sales volume due to a drop in sales for industrial
applications. Sales volume and net sales of conductive polymers and related products were lower than theprevious fiscal year due to sluggish demand for ICT equipment and the delayed development of 5G
infrastructure. Net sales of pollution-free anti-corrosive pigments increased year on year due to sales prices
revisions, although sales volume decreased as a result of sluggish demand for automotive paints. Net salesof piezoelectric materials grew year on year as a result of steady sales to overseas customers, including
overseas consolidated subsidiaries, despite inventory adjustments by domestic medical equipment
customers.
As a result of the above, net sales for this business were ¥26,286 million (up 18.6% from the previous fiscal
year), and segment profit was ¥1,686 million (down 27.5% from the previous fiscal year).

Operating profit (millions of yen)

Net sales (millions of yen)

153rd term

154th term

155th term

156th term

157th term

153rd term

154th term

155th term

156th term

157th 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, 2023)

March 31, 2019)

March 31, 2020)

March 31, 2021)

March 31, 2022)

March 31, 2023)-3-

OtherNet sales in the warehousing business increased as a result of acquisition of new customers and pricerevisions, however overall net sales fell below those of the previous fiscal year primarily due to a decreasein transportation business revenues.
As a result of the above, net sales for this business were ¥1,355 million (down 1.7% from the previous
fiscal year), and segment profit was ¥321 million (down 2.2% from the previous fiscal year).

Ⅲ. Forecasts for the Next Fiscal YearThe future economic outlook is expected to remain uncertain due to high raw material and fuel prices, aswell as concerns about the impact on supply chains caused by the ongoing situation in Ukraine and theheightening of other geopolitical risks.
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 are expected to seea recovery in demand, not only in Europe and the United States, but also in Asia including Japan, so wewill watch the markets of each country carefully as we strive to maintain and grow sales.
We expect demand for electronic materials to remain strong both in Japan and overseas. In particular, inconjunction with the piezoelectric single-crystal materials plant that was completed last year entering fullscale operation, we will strive to further expand sales of piezoelectric materials through the stable andefficient supply of products from our manufacturing bases in Japan and the U.S. to countries around theworld. Regarding the Basic Chemical Business, robust demand is expected for daily goods such asdetergents and we will focus on responding to demand in regions across the globe together with ourconsolidated 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¥62,000 million, operating profit of ¥4,800 million, ordinary profit of ¥5,000 million, and profit attributableto owners of parent of ¥3,400 million.
In addition, in regard to the dividend for the next fiscal year, we plan to bring the annual dividend to ¥38
per share: a combination of an interim dividend of ¥18 per share and a year-end dividend of ¥20 per share.

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

As of March 31,2022

As of March 31,2023

As of March 31,
2023

13,06013,738
350
8,044
1,279
4,997
831
(2)
42,30011,661
14,792358
11,015
1,837
6,344
624
(3)
46,631

87,322
110,7682,680
82,484
13,75647,5064,672(22)349,191

6,421
7,028
1,695
1,662
438
17,246

6,580
7,088
1,717
1,031
542
16,96049,27353,077
12,857
7,720
4,058
127,003

1,463
164
1,628

1,407
119
1,526

10,536891
11,427

9,786
800
80
305
(20)
10,95329,827
72,128

9,279
995
76
266
(20)
10,59729,08575,717

69,484
7,450
569
1,991
(149)
79,354
217,799
566,998

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 31,2022

As of March 31,2023

As of March 31,
2023

6,873
963
1,942
864
360
3,485
14,490

6,627
971
2,079
688
386
3,475
14,22849,625
7,271
15,5685,152
2,890
26,022
106,544

2,100
1,112
9
3,152
6,374
20,865

3,805
870
9
3,144
7,829
22,05828,4936,514
67
23,54358,626
165,178

9,855
6,766
31,562(2,460)45,7259,855
6,766
33,714(2,460)47,87673,79850,666
252,463(18,421)358,514

4,912
181
72
4
5,170
367
51,263
72,128

4,554
20
716
51
5,342
438
53,65875,717

34,102
149
5,361
381
40,002
3,279
401,812566,998

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
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, 2022

Fiscal year ended
March 31, 2023

Fiscal year ended
March 31, 2023

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

54,77344,337
10,436
6,211
4,224

410,161
332,012
78,14846,51031,630

5
208
–
251
104
570

7
229
80
130
126
574

52
1,714
599
973
943
4,298

34
11
19
65
4,156

52
17
11
81
4,717

389
127
82
606
35,322

5
67
21
94

102
–
–
102

763
–
–
763

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

549
549
4,270
1,290
(51)
1,239
3,030
44
2,986

4,111
4,111
31,975
9,660
(381)
9,278
22,689329
22,360Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Income on compensation
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on abandonment of inventories
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of investment securities
Gain on sales of investments in capitalGain on cancellation of leases
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, 2022

Fiscal year ended
March 31, 2023

Fiscal year ended
March 31, 2023

2,880

3,030

22,689(1,458)120
258
75(1,003)
1,876

(358)
(160)
681
47
209
3,239

(2,680)(1,198)
5,099
351
1,565
24,254

1,842

3,158

23,648

33

81

606

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, 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

51,263-9-

Fiscal year ended March 31, 2023
(Millions of yen)
Shareholders’ equity
Share capital
Balance at beginning of
periodCapital surplus

9,855

Retained earnings

6,766

Treasury shares

31,562

Total shareholders’equity(2,460)45,725

Changes during period
Dividends of surplus

(834)

(834)

Profit attributable toowners of parent

2,986

2,986

Purchase of treasury shares

(0)

(0)

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

–

–

2,152

(0)

2,151

9,855

6,766

33,714(2,460)47,876

Accumulated other comprehensive income

Balance at beginning of
periodValuationdifference on
available-forsale
securities

Deferred
gains orlosses onhedgesForeigncurrencytranslation
adjustment

4,912

181

72

Total
Non-controlling
Remeasurements accumulated
interestsof definedotherbenefit planscomprehensive
income
4

5,170

367

Total net
assets51,263

Changes during period
Dividends of surplus(834)

Profit attributable toowners of parent

2,986

Purchase of treasury shares(0)

Net changes in items otherthan shareholders’ equity

(358)

(160)

643

47

171

71

243

Total changes during period

(358)

(160)

643

47

171

71

2,395

Balance at end of period

4,554

20

716

51

5,342

438

53,658- 10 -

Fiscal year ended March 31, 2023
(Thousands of U.S. dollars)
Shareholders’ equity
Share capital
Balance at beginning of
periodCapital surplus

73,798Retained earnings

50,666

Treasury shares

236,348

Total shareholders’equity(18,421)342,406

Changes during period
Dividends of surplus(6,245)(6,245)

Profit attributable toowners of parent

22,36022,360Purchase of treasury shares

(0)

(0)

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

16,115(0)

16,10773,79850,666

252,463(18,421)358,514

Accumulated other comprehensive income

Balance at beginning of
periodValuationdifference on
available-forsale
securities

Deferred
gains orlosses onhedgesForeigncurrencytranslation
adjustment

36,782

1,355

539

Total
Non-controlling
Remeasurements accumulated
interestsof definedotherbenefit planscomprehensive
income29

38,714

2,748

Total net
assets383,877

Changes during period
Dividends of surplus(6,245)

Profit attributable toowners of parent

22,360Purchase of treasury shares(0)

Net changes in items otherthan shareholders’ equity(2,680)(1,198)

4,815

351

1,280

531

1,819

Total changes during period(2,680)(1,198)

4,815

351

1,280

531

17,934

Balance at end of period

34,102

149

5,361

381

40,002

3,279

401,812- 11 -

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

Fiscal year ended
March 31, 2022

Fiscal year ended
March 31, 2023

Fiscal year ended
March 31, 2023

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

4,270
3,138
281
(102)
549
59
(236)
52
(569)
(4,736)
(590)
(611)
365
1,870
236
(52)
(1,473)581

31,97523,498
2,104
(763)
4,111
441
(1,767)389(4,260)(35,465)(4,418)(4,575)2,733
14,003
1,767(389)(11,030)
4,350(2,473)
(106)
19
(245)
(2,807)(2,687)
(23)
131
(401)
(2,980)(20,121)(172)
980(3,002)(22,315)493–(1,954)
(0)
(830)
(8)
(62)
(2,363)

(165)
4,000
(2,165)
(0)
(832)
(9)
(0)
825

(1,235)29,953(16,212)(0)(6,230)
(67)
(0)
6,177

60

173

1,295

(268)
13,25012,981(1,399)12,981
11,582(10,476)
97,20686,730Cash 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, 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.

- 13 -

3. Information about net sales, profit or loss, assets, and other items by reportable segment
Fiscal year ended March 31, 2022
(Millions of yen)
Reportable segment

Adjustment(Note 2)

Amountrecorded ontheconsolidated
financialstatements(Note 3)

Electronic
Functional

Material andChemical

BasicBusiness

Chemical

Other(Note 1)

Total

Business
Net sales
Net sales to externalcustomers
Inter-segment sales ortransfers
Total

22,82722,15544,982

1,379–

46,362

–

–

–

1,516

(1,516)–22,82722,15544,982

2,896(1,516)46,362

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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Fiscal year ended March 31, 2023
(Millions of yen)
Reportable segment

Adjustment(Note 2)

Amountrecorded ontheconsolidated
financialstatements(Note 3)

Electronic
Functional

Material andChemical

BasicBusiness

Chemical

Other(Note 1)

Total

Business
Net sales
Net sales to externalcustomers
Inter-segment sales ortransfers
Total

27,13026,28653,417

1,355–

54,773

–

–

–

1,512

(1,512)–

27,13026,28653,4172,868(1,512)

54,773

Segment profit

2,221

1,686

3,908

321

(5)

4,224

Segment assets

35,444

18,15753,6022,230

19,88375,717

2,159
–

871
281

3,030
281

72
–

35
–

3,138
281

2,006

826

2,832

165

41

3,039

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 ¥5 million on segment profit represents inter-segment transaction eliminations.
(2) The adjustment of ¥19,883 million on segment assets includes negative ¥301 million of elimination of inter-segment
receivables by offsetting, etc. and ¥20,185 million of corporate assets that are not allocated to reportable segments.
(3) The adjustment of ¥35 million on depreciation in other items includes negative ¥47 million of inter-segment transaction
eliminations and ¥82 million of corporate assets that are not allocated to reportable segments.
(4) The adjustment of ¥41 million on increase in property, plant and equipment and intangible assets in other items includes
negative ¥50 million of inter-segment transaction eliminations and ¥92 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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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 27, 2023)
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
554 persons (as of March 31, 2023)
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 27, 2023)
Representative Director, President Executive Officer
Director, Managing Executive Officer
Director, Managing Executive Officer
Director, Senior Executive Officer
Director, Senior Executive Officer
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
Akira Miyazaki
Hitoshi Tanaka
Koji Yamamoto
Mamiko Ozaki
Tsuyoshi Inoue** Outside Audit and Supervisory Committee Member- 17 -

Stock Status (as of March 31, 2023)
Total number of authorized shares:
Total number of issued shares:
Number of shareholders:

75,000,000 shares
25,714,414 shares
4,874

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

Name
CACEIS BANK/QUINTET LUXEMBOURG SUB
AC/UCITS CUSTOMERS ACCOUNTMITSUI & CO., LTD.
The Master Trust Bank of Japan, Ltd.
(Trust account)
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
Notes: 1.
2.
3.

Shareholding ratio (%)

2,437

10.51

1,784

7.69

1,658

7.15

1,630
1,470

7.03
6.34

1,009

4.35

824

3.55

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.
With regard to the 1,009 thousand shares held by Custody Bank of Japan, Ltd. as trustee for Mizuho Bank Retirement Benefit
Trust Account re-entrusted by Mizuho Trust and Banking Co., Ltd., Mizuho Bank, Ltd., as the settlor, reserves the right todirect the voting rights.
The shareholding ratio is calculated excluding the number of 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 ¥133.54 = U.S. $1, the approximate rate of exchange at March 31, 2023, 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.

- 18 -