For Immediate Release

May 11, 2022

Taoka Chemical Reports Consolidated Financial Results For FY2021
The Taoka Chemical Group’s consolidated sales revenue for FY2021 ended March 31,
2022 increased by ¥316 million compared with the previous fiscal year, to ¥32,374
million owing to an increase in sales of varnish and plasticizers. The Group posted
operating income of ¥2,708 million, ordinary income of ¥2,798 million and net income
attributable to owners of the parent of ¥2,063 million.
The financial results of Taoka Chemical by business segment for FY2021 were as follows:
Chemicals Segment
Sales revenue of this segment was ¥31,774 million, a ¥262 million increase compared tothe previous fiscal year.
Fine chemicals group
Though shipments of electronic materials increased, shipments of monomers for opticalresins, agrochemical intermediates and pharmaceutical intermediates decreased. As aresult, the group sales revenue decreased by ¥3,074 million, to ¥17,153 million.
Functional chemicals group
Demand of adhesives and rubber additives steadily increased. As a result, the group sales
revenue increased by ¥546 million to ¥3,807 million.
Specialty polymers & varnish group
Demand of paper chemicals recovered, and demand of varnish increased. As a result, thegroup sales revenue increased by ¥2,072 million, to ¥5,881 million.
Plasticizers group
Sales price of plasticizers increased reflecting a steep rise in raw material prices, andshipments of plasticizers increased due to recovery in demand. As a result, the group sales
revenue increased by ¥716 million, to ¥4,932 million.
Others (Analytical Services)
Sales of composition and structural analysis increased. As a result, the segment sales
revenue increased by ¥54 million, to ¥599 million.

Forecast
For FY2022, the Group forecasts consolidated sales revenue of ¥33,000 million,
operating income of ¥1,250 million, ordinary income of ¥1,250 million and net income
attributable to owners of the parent of ¥800 million, assuming that the impact of raw
material prices and exchange rate fluctuations will be limited.

Dividend

FY Ended Mar. 31,2021 (Result)
FY Ending Mar. 31,2022 (Result)
FY Ending Mar. 31,2023 (Forecast)

Annual dividend per share
1st Quarter 2nd Quarter 3rd Quarter 4th QuarterJun.
Sep.
Dec.
Mar.
-

70.00

-90.00
18.00--(Yen)
Total

90.00

160.00

18.00

-

18.00

36.00

Effective on October 1, 2021, the Company split one ordinary share into five shares.

Summary of Consolidated Results(1) Results of Operation

Sales Revenue
Operating Income
Income before Taxes
Net Income
Net Income Attributable toOwners of the Parent
Comprehensive Income
Net Income per ShareFY2021Yen
USD(Millions)(Thousands)
32,374
264,515
2,708
22,1282,768
22,622
2,063
16,861
2,063
2,079

Yen
144.03

16,861
16,991USD
1.18

FY2020Yen(Millions)
32,057
4,015
3,662
2,615
2,615
2,645

Yen
182.52(Note)
Effective on October 1, 2021, the Company split one ordinary share into five shares.
However, net income per share has been calculated on the assumption that the share
split took place on April 1, 2020.
(2) Financial Position

Total Assets
Total Equity

As of Mar. 31,
As of Mar. 31, 2022
2021
Yen
USD
Yen
(Millions)(Thousands)(Millions)32,417
264,872
27,95816,749136,851
15,237(3) Results of Operation by Business Segment
Sales Revenue
FY2021Yen
USD(Millions)(Thousands)
Fine Chemicals
17,153140,151
Functional Materials
3,807
31,113Specialty Polymers & Varnish
5,881
48,052
Plasticizers
4,932
40,298Chemicals Segment
31,774
259,616
Others
599
4,898
Total
32,374
264,515

FY2020
Yen(Millions)
20,227
3,261
3,808
4,215
31,512545
32,057(Note)
U.S. dollar amounts are translated from yen for convenience only at the rate of¥122.39= $1 prevailing on March 31, 2022.