Closing Announcement of Third Quarter of the Fiscal Year Ending March 31, 2022
[Japanese Standards] (Consolidated)
January 27, 2022
Name of Listed Company:
Code No.:
Representative:
Contact Person:

Arisawa Mfg. Co., Ltd.
5208
Representative Director and CEO:Senior Operating Officer,
Corporate Planning Department:
Scheduled Date of Submitting Financial Report: February 14, 2022
Scheduled Date of Commencement of Dividend Payment: --Whether supplementary explanation materials for the closing are prepared:
Whether explanation meeting is held for the closing:

Listed on the Tokyo Stock Exchange(URL http://www.arisawa.co.jp/)
Yuta Arisawa
Takeshi Masuda

TEL: 025-524-7101

No
No(Indicated by rounding off an amount less than 1 million yen)

1.

Consolidated Results in Third Quarter of the Fiscal Year Ending March 31, 2022
(From April 1, 2021 to December 31, 2021)(1) Consolidated Operating Results (Cumulative)(% indication shows the increase or decrease rate from the same period in the previous year)
Net profit attributable toOperating profit
Ordinary profit
owners of the parent(million yen)%(million yen)%(million yen)%(million yen)%
Sales

Third Quarter of the Fiscal YearEnding March 31, 2022
Third Quarter of the Fiscal Year
Ended March 31, 2021

(Note)

32,663

---

2,803

2,971

---

34,606
0.8
2,223
7.0
2,290
3.1
1,380
Comprehensive income: Third Quarter of the Fiscal Year Ending March 31, 2022: 2,359 million yen (--- %)Third Quarter of the Fiscal Year Ended March 31, 2021: 2,146 million yen (--- %)---Net profit per share

---

3,155

---

Fully diluted net profit per share(Yen, Sen)

(Yen, Sen)Third Quarter of the Fiscal YearEnding March 31, 2022
89.18
89.13
Third Quarter of the Fiscal Year
Ended March 31, 2021
41.50
41.43
From the beginning of the year ending March 31, 2022, the “Accounting Standard for Revenue Recognition”, etc., has been applied. Therefore, therate of increase or decrease from the actual figures before the application of this Standard, etc., is not stated.

(2) Consolidated Financial Conditions
Total assets(million yen)

Net assets(million yen)

Net worth ratio

Third Quarter of the Fiscal YearEnding March 31, 2022
68,66846,843Fiscal Year Ended March 31, 2021
67,25747,444(Reference) Net worth: Third Quarter of the Fiscal Year Ending March 31, 2022: 46,624 million yen
Fiscal Year Ended March 31, 2021: 46,284 million yen

2.

Net asset per share(Yen, Sen)

67.9
68.8

1,400.60
1,388.50

Status of Dividends

Fiscal Year Ended March 31, 2021
Fiscal Year Ending March 31, 2022
Fiscal Year Ending March 31, 2022
(Forecast)(Note)

3.

%

End of 1st quarter(Yen, Sen)-----

End of 2nd quarter(Yen, Sen)
0.00
5.00

Annual dividends
End of 3rd quarter(Yen, Sen)-----

End of year
(Yen, Sen)
39.00

Annual(Yen, Sen)
39.00

48.00

53.00

Existence of adjustment from the most recently announced dividend forecast: No

Forecast of Consolidated Business Results for Fiscal Year Ending March 31, 2022
(From April 1, 2021 to March 31, 2022)(% indication shows the increase or decrease rate from the previous period)
Operating profit

Sales
Full Year

(Note)Net profit
attributable to ownersof the parent

Ordinary profit

Net profit per share(million yen)%(million yen)%(million yen)%(million yen)%

(Yen, Sen)

43,400

---

3,300

---

3,700

---

3,400

---

102.14

Existence of adjustment from the most recently announced forecast of business results: Yes

From the beginning of the year ending March 31, 2022, the “Accounting Standard for Revenue Recognition”, etc., has been applied. Therefore, therate of increase or decrease from the actual figures before the application of this Standard, etc., is not stated.
For details of adjustment of forecast of business results for the full-year, please refer to “1. Qualitative Information concerning Current Quarterly Closing
Announcement (3) Explanation about Future Forecast Information, including Forecast of Consolidated Business Results” on page 3 in the attachedmaterials.

* Notes(1) Changes in material subsidiaries during the current consolidated cumulative quarter (changes in specified
subsidiaries accompanying changes in scope of consolidation): None
New: --- (Company Name:)
Exclusion: --- (Company Name:)(2) Application of accounting particular to preparation of quarterly consolidated financial statements: Yes(Note) For details, please refer to “2. Quarterly Consolidated Financial Statements and Major Notes (3) Notes to Quarterly
Consolidated Financial Statements (Application of Accounting Particular to Preparation of Quarterly Consolidated Financial
Statements)” on page 8 in the attached materials.

(3) Changes in accounting policy, changes in accounting estimates and restatement
1) Changes in accounting policy in connection with the amendment of accounting standards, etc.:
2) Changes in accounting policy other than 1) above:3) Changes in accounting estimate:4) Restatement:(4) Number of outstanding shares (common stocks)
1) Number of outstanding shares at
3Q of Fiscal Yearthe end of year (including treasury Ending March 31,
2022:
stocks):3Q of Fiscal Year
2) Number of treasury stocks at theEnding March 31,
end of year:2022:3) Average number of shares during
the year (cumulative quarter):3Q of Fiscal YearEnding March 31,
2022:

Yes
None
None
None

Fiscal Year Ended
March 31, 2021:

34,470,524 sharessharesFiscal Year Ended
March 31, 2021:

1,136,189

33,317,569 shares

3Q of Fiscal Year
Ended March 31,
2021:

33,258,817 shares

33,590,324 shares

301,555

shares* The quarterly closing announcement is not subject to quarterly review by a certified public accountant or an audit
corporation.
* Explanation about Appropriate Use of the Forecast of Business Results and other Matters to be Noted
Description regarding the future such as the forecast of business results stated in this material is based on information which theCompany has currently obtained and certain assumptions that the Company determines to be reasonable, although actual results may
significantly differ from the forecast depending on various factors.

Arisawa Mfg. Co., Ltd. (5208) Closing Announcement of the Third Quarter of the Fiscal Year Ending March 31, 2022

Contents of Attached Materials
1. Qualitative Information concerning Current Quarterly Closing Announcement(1) Explanation about Business Results(2) Explanation about Financial Conditions(3) Explanation about Future Forecast Information,
including Forecast of Consolidated Business Results
2. Quarterly Consolidated Financial Statements and Major Notes(1) Quarterly Consolidated Balance Sheet(2) Quarterly Consolidated Profit and Loss Statement
and Quarterly Consolidated Statement of Comprehensive Income
Quarterly Consolidated Profit and Loss Statement
Consolidated Cumulative Third Quarter
Quarterly Consolidated Statement of Comprehensive Income
Consolidated Cumulative Third Quarter(3) Notes to Quarterly Consolidated Financial Statements(Notes on Going Concern Assumption)(Explanatory Note in Case of Significant Changes in the Amount of Shareholders’ Equity)(Application of Accounting Particular to Preparationof Quarterly Consolidated Financial Statements)(Changes in Accounting Policy)(Additional Information)(Segment Information, etc.)

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3
3
4
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8
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Arisawa Mfg. Co., Ltd. (5208) Closing Announcement of the Third Quarter of the Fiscal Year Ending March 31, 2022

1. Qualitative Information concerning Current Quarterly Closing Announcement(1) Explanation about Business Results
The Japanese economy in the current consolidated cumulative third quarter showed signs that the severe
situation may ease as a result of the progress made in the number of vaccinations in response to COVID19 infections, however, the outlook remains uncertain and unpredictable due to the emergence of newvariants.
Under such circumstances, as for the business results in the current cumulative third year of theCompany Group (the Company, consolidated subsidiaries and the companies to which the equity method
is applied), sales were ¥32,663 million (a decrease of 5.6% as compared with the same period in theprevious year*). For profit and loss, operating profit was ¥2,803 million (an increase of 26.1% of thesame*), ordinary profit was ¥3,155 million (an increase of 37.8% of the same*) and quarterly net profit
attributable to owners of the parent was ¥2,971 million (an increase of 115.3% of the same*).
Business results of each segment were as follows.
(Electronic materials)
Due to a decrease in sales of flexible printed circuit board materials caused by a shortage in the supplyof parts, sales were ¥22,831 million (a decrease of 3.9% of the same*) and segment profit was ¥2,373
million (an increase of 8.0% of the same*).
(Industrial application structural materials)
Due to a decrease in sales of aircraft materials, sales were ¥5,210 million (a decrease of 19.2% of thesame*) and segment profit was ¥659 million (an increase of 3.1% of the same*) due to a change in thecomposition of products.
(Electric insulation materials)
Due to an increase in sales of insulation materials for heavy electric machinery, sales were ¥1,949
million (an increase of 12.5% of the same*) and segment profit was ¥242 million (an increase of 99.5%of the same*).
(Display materials)
Due to an increase in new customers for 3D materials and an increase in sales of devices utilizing
polarization by ColorLink Japan, Ltd., sales were ¥2,358 million (an increase of 15.5% of the same*) andsegment profit was ¥629 million (an increase of 411.6% of the same*) due to an increase in sales of 3D
materials as well as improvement in business performance of ColorLink Japan, Ltd.
(Other)Sales were ¥314 million (a decrease of 74.8% of the same*) and segment profit was ¥132 million (adecrease of 24.4% of the same*).

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Arisawa Mfg. Co., Ltd. (5208) Closing Announcement of the Third Quarter of the Fiscal Year Ending March 31, 2022
* From the beginning of the current fiscal year ending March 31, 2022, the “Accounting Standard for Revenue
Recognition”, etc., has been applied. The rate of increase or decrease in parentheses shows a simple comparison
between the actual results in the current period and those in the previous period before application of the“Accounting Standard for Revenue Recognition”, etc.

(2) Explanation about Financial Conditions
Total assets at the end of the current consolidated third quarter were ¥68,668 million, an increase of¥1,411 million as compared with the end of the previous consolidated fiscal year. This was mainly due toan increase in raw materials and stores of ¥1,305 million, etc. Liabilities were ¥21,825 million, an increaseof ¥2,012 million as compared with the end of the previous consolidated fiscal year. This was mainly due
to an increase in short-term borrowings (including current portion of long-term borrowings) of ¥1,838
million. Net assets were ¥46,843 million, a decrease of ¥601 million as compared with the end of theprevious consolidated fiscal year. This was mainly due to a decrease in capital surplus of ¥1,399 million,etc.
(3) Explanation about Future Forecast Information, including Forecast of Consolidated Business Results
As for the forecast of business results for the full-year of the fiscal year ending March 31, 2022, which
was announced on October 28, 2021, net profit attributable to owners of the parent will be revised asfollows due to recording of profit on sale of investment securities.

Adjustment of forecast of consolidated business results for the full-year of the fiscal year ending March 31,
2022(From April 1, 2021 to March 31, 2022)
Sales(millionyen)

Operatingprofit(millionyen)

Ordinary
profit(millionyen)

Net profit
attributable toowners of theparent(million yen)

Net profit
per share(yen)Previously announced forecast (A)43,400

3,300

3,700

2,700

81.11

This forecast adjustment (B)43,400

3,300

3,700

3,400

102.14

Increase or decrease (B-A)

0

0

0

700

Increase or decrease ratio (%)

0

0

0

25.9

46,439

3,118

3,578

2,160

(Reference) Results of the previous year
(Fiscal Year Ended March 31, 2021)
*

64.94

From the beginning of the current year ending March 31, 2022, the “Accounting Standard for Revenue
Recognition”, etc., has been applied. Each of the figures indicated in the results of the previous year are figures
before application.

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Arisawa Mfg. Co., Ltd. (5208) Closing Announcement of the Third Quarter of the Fiscal Year Ending March 31, 2022

2. Quarterly Consolidated Financial Statements and Major Notes(1) Quarterly Consolidated Balance Sheet(Unit: thousand yen)Previous Consolidated
Fiscal Year(As of March 31, 2021)
AssetsCurrent Assets
Cash and deposits
Notes and accounts receivable
Notes receivable, accounts receivable andcontract assets
Securities
Merchandise and finished goods
Work-in-progress
Raw materials and stores
Accrued refunded corporation tax, etc.
Other
Allowance for doubtful accounts
Total Current Assets
Fixed Assets
Tangible fixed assets
Intangible fixed assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Total investments and other assets
Total Fixed Assets
Total Assets-4-

Current Consolidated
Third Quarter(As of December 31, 2021)

13,215,508
16,766,218

13,461,083
---

---

17,211,833

1,242,430
3,896,377
2,175,632
3,026,247
1,415,974
778,645△161,830
42,355,204

1,889,441
4,699,638
1,954,714
4,331,690--1,300,061△11,756
44,836,707

13,217,395
244,870

13,634,962
290,022

10,666,038
788,832△14,923
11,439,946
24,902,213
67,257,417

9,073,810
912,729△79,674
9,906,865
23,831,850
68,668,558

Arisawa Mfg. Co., Ltd. (5208) Closing Announcement of the Third Quarter of the Fiscal Year Ending March 31, 2022
(Unit: thousand yen)Previous Consolidated
Fiscal Year(As of March 31, 2021)
Liabilities
Current Liabilities
Notes and accounts payable
Bonds to be redeemed within a year
Short-term borrowings
Current portion of long-term borrowings
Corporate income tax, etc., payable
Reserve for bonuses
Reserve for officers’ bonuses
Other
Total Current Liabilities
Fixed Liabilities
Bonds payable
Long-term borrowings
Provision for share-based remuneration
Net defined benefit liabilities
Asset retirement obligations
Other
Total Fixed Liabilities
Total Liabilities
Net Assets
Shareholders’ equity
CapitalCapital surplus
Earned surplus
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on other securities
Deferred hedge profit or loss
Foreign currency translation adjustments
Accumulated adjustment for retirement
benefits
Total accumulated other comprehensive
incomeStock acquisition rights
Non-controlling interest
Total Net Assets
Total Liabilities and Net Assets-5-

Current Consolidated
Third Quarter(As of December 31, 2021)

6,657,426
36,8003,606,087
182,724
277,821535,756
3,870
2,817,772
14,118,258

6,381,266
26,8004,818,853
808,461
957,993
266,456
3,537
3,363,155
16,626,524

54,4003,761,507--607,032
89,466
1,181,934
5,694,340
19,812,598

27,6003,504,412
24,645567,453
91,702
983,106
5,198,920
21,825,445

7,623,638
4,403,396
33,374,092△1,159,364
44,241,763

7,629,915
3,003,598
33,996,990△299,684
44,330,820

1,569,049△8,237486,242

1,266,027△3,902
1,024,006△3,9597,314

2,043,095

2,293,445

193,962
965,997
47,444,819
67,257,417

192,131
26,71546,843,113
68,668,558

Arisawa Mfg. Co., Ltd. (5208) Closing Announcement of the Third Quarter of the Fiscal Year Ending March 31, 2022

(2) Quarterly Consolidated Profit and Loss Statement and Quarterly Consolidated Statement of Comprehensive Income(Quarterly Consolidated Profit and Loss Statement)(Consolidated Cumulative Third Quarter)(Unit: thousand yen)

Sales
Cost of Goods Sold
Gross Profit on Sales
Selling, General and Administrative Expenses
Operating Profit
Non-operating Income
Interest income
Dividend income
Other
Total Non-operating Income
Non-operating Expenses
Interest expenses
Rent expenses
Foreign currency exchange loss
Other
Total Non-operating Expenses
Ordinary Profit
Extraordinary Profits
Profit on sale of fixed assets
Profit on sale of investment securities
Other
Total Extraordinary Profits
Extraordinary Losses
Loss on retirement of fixed assets
Provision for reserve for share-based remuneration
Loss on sale of investment securities
Other
Total Extraordinary Losses
Net profit before taxes, etc.
Corporate income tax, etc.
Net profit
Net profit attributable to non-controlling interests
Net profit attributable to owners of the parent

Previous Consolidated
Cumulative Third Quarter(From April 1, 2020
to December 31, 2020)
34,606,706
28,818,193
5,788,512
3,564,820
2,223,692

Current Consolidated
Cumulative Third Quarter(From April 1, 2021
to December 31, 2021)
32,663,855
25,842,854
6,821,001
4,017,995
2,803,005

218,168
87,694
253,781559,645

142,089
73,901
376,757
592,748

82,09566,332
192,813
151,744492,985
2,290,351

88,50962,424--89,161
240,094
3,155,659

515
320,704
26,628347,848

7,471
737,947
45,919791,337

12,018--313,624--325,642
2,312,556
655,999
1,656,557
276,254
1,380,302

28,50014,098--4,053
46,6533,900,344
839,254
3,061,089
89,9202,971,168-6-

Arisawa Mfg. Co., Ltd. (5208) Closing Announcement of the Third Quarter of the Fiscal Year Ending March 31, 2022

(Quarterly Consolidated Statement of Comprehensive Income)(Consolidated Cumulative Third Quarter)(Unit: thousand yen)

Net profit
Other comprehensive income
Valuation difference on other securities
Deferred hedge profit or loss
Foreign currency translation adjustments
Adjustment for retirement benefits
Share of other comprehensive income ofcompanies to which equity method is applied
Total other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable to owners of
the parent
Comprehensive income attributable to noncontrolling interests

Previous Consolidated
Cumulative Third Quarter(From April 1, 2020
to December 31, 2020)
1,656,557

Current Consolidated
Cumulative Third Quarter(From April 1, 2021
to December 31, 2021)
3,061,089

611,662
2,865△179,795
54,707△302,971
4,334△430,880
11,273

139

16,643

489,579
2,146,137△701,600
2,359,489

1,967,198

3,221,518

178,938△862,029-7-

Arisawa Mfg. Co., Ltd. (5208) Closing Announcement of the Third Quarter of the Fiscal Year Ending March 31, 2022

(3) Notes to Quarterly Consolidated Financial Statements(Notes on Going Concern Assumption)
No applicable matter.
(Notes in Case of Significant Changes in the Amount of Shareholders’ Equity)
The Company carried out retirement of treasury stocks of ¥900,000 shares as of August 31, 2021, based on the resolution of
the board of directors’ meeting held on July 29, 2021. As a result, retained earnings and treasury stocks decreased by ¥918,310
thousand respectively during the current consolidated cumulative third quarter and retained earnings were ¥33,996,990 thousand
and treasury stocks were ¥299,684 thousand at the end of the current consolidated third quarter.
(Application of Accounting Particular to Preparation of Quarterly Consolidated Financial Statements)(Calculation of tax expenses)
For tax expenses, the effective tax rate is reasonably estimated after application of tax effect accounting for net profit before
taxes in the consolidated fiscal year including the current consolidated third quarter and these are calculated by multiplying thequarterly net profit before taxes by the estimated effective tax rate.
(Changes in Accounting Policy)(Application of the Accounting Standard for Revenue Recognition, etc.)“Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020; hereinafter referred to as the“Revenue Recognition Accounting Standard”), etc., has been applied from the beginning of the consolidated first quarter and theCompany recognizes revenue at the amount expected to be received in exchange for goods or services when control of the promised
goods or services is transferred to the customer.
As a result, for transactions where the role of the Company falls under an agent of sales of products to customers, total amountof considerations received from customers have previously been recognized as revenue, but the method has been changed torecognize revenue at the net amount, subtracting the amount paid to third parties from the total amount of considerations. In addition,with regard to transactions of providing parts to suppliers with compensation for which the Company bears a repurchase obligation,
the amount equivalent to the ending inventory of those parts retained by suppliers are recognized as liabilities. Further, with regard
to transactions related to purchasing parts from suppliers for which the Company bears a sell-back obligation, sales and cost of
goods sold have previously been recorded at the time of sell-back to suppliers of parts, but the method was changed to recognize
only the net amount equivalent to processing cost as revenue. Further, for sales to some customers, in connection with transfer ofcontrol over assets to customers for a certain period, the method of recognizing revenue for a certain period according to the progressof manufacture was adopted.
For application of the Revenue Recognition Accounting Standard, etc., the Company complies with the transitional treatmentprescribed in the Revenue Recognition Accounting Standard, paragraph 84, proviso. The cumulative effects resulting fromretroactive application of the new accounting policy before the beginning of the consolidated first quarter are added to or subtracted
from earned surplus at the beginning of the consolidated first quarter and the new accounting policy has been applied from thebalance at the beginning of the period; provided, however, that by applying the method prescribed in the Revenue Recognition
Accounting Standard, paragraph 86, the new accounting policy has not been retroactively applied to contracts for which almost all
revenue has been recognized in accordance with the previous accounting before the beginning of the consolidated first quarter. With
respect to contract amendments which were made before the beginning of the consolidated first quarter, accounting was made under
the terms of contract after reflecting all contract amendments by applying the method prescribed in the Revenue Recognition
Accounting Standard, paragraph 86, (1) and the cumulative effects were added to or subtracted from earned surplus at the beginningof the consolidated first quarter.
As a result, in the current third quarter consolidated cumulative period, sales decreased by ¥2,818,100 thousand and cost of
goods sold decreased by ¥2,806,768 thousand and operating profit, ordinary profit and net profit before taxes, etc., decreased by¥11,331 thousand respectively. The balance of earned surplus at the beginning of the current quarter increased by ¥39,939 thousand.
As the Revenue Recognition Accounting Standard, etc., has been applied, “notes and accounts receivable” indicated in “current
assets” in the consolidated balance sheet for the previous consolidated fiscal year are included in “notes receivable, accounts
receivable and contract assets” from the consolidated first quarter. According to the transitional treatment prescribed in the Revenue
Recognition Accounting Standards, paragraph 89-2, reclassification has not been made by the new indication method regarding theprevious consolidated fiscal year. In addition, in accordance with the transitional treatment prescribed in the “Accounting Standard
for Quarterly Financial Reporting” (ASBJ Statement No. 12, March 31, 2020), paragraph 28-15, the information related to thedisaggregation of the revenue accruing from contracts with customers for the previous consolidated cumulative third quarter was
not stated.
(Application of Accounting Standard for Fair Value Measurement, etc.)“Accounting Standard for Fair Value Measurement” (ASBJ Statement No. 30, July 4, 2019; hereinafter referred to as the “Fair
Value Measurement Standard”), etc., has been applied from the beginning of the consolidated first quarter. In accordance with thetransitional treatment prescribed in the Fair Value Measurement Standard, paragraph 19 and the “Accounting Standard for Financial
Instruments” (ASBJ Statement No. 10, July 4, 2019), paragraph 44-2, the new accounting policy prescribed in the Fair Value
Measurement Standard, etc., is applied into the future. There is no impact due to this application.
(Additional Information)(Accounting Estimate)
There was no material change in the assumptions, including the timing of the convergence of the novel coronavirus infectionsetc., and accounting estimates, which were stated in the Financial Report for previous business year.
-8-Arisawa Mfg. Co., Ltd. (5208) Closing Announcement of the Third Quarter of the Fiscal Year Ending March 31, 2022

(Segment Information, etc.)[Segment Information]
I Previous consolidated cumulative third quarter (From April 1, 2020 to December 31, 2020)
1. Information about the amount of sales and profit/loss by reportable segment(Unit: thousand yen)
Reportable segment
Industrial
Electric
Electronic application
Display
insulationmaterials structural
materials
materials
materials
Sales
Sales to externalcustomers
Intersegment sales ortransfers
Total
Segment profit

Other(Note)

Total

23,752,728 6,451,804 1,732,151 2,042,551 33,979,235

Total

627,470

34,606,706---

619,086

619,086

23,752,728 6,451,804 1,732,151 2,042,551 33,979,235

1,246,556

35,225,792

174,727

3,256,082---

2,197,614---

639,393---

121,293---

123,054

3,081,355(Note) The category “Other” means business segments which are not included in the reportable segments andincludes related goods sales, logistics related businesses and other businesses, etc.
2. Difference between the total amount of profit/loss of reportable segments and the amount shown inthe quarterly consolidated profit and loss statement and major details for the difference (mattersconcerning difference adjustment)(Unit: thousand yen)
ProfitAmountTotal of reportable segments

3,081,355

Profit in category “Other”

174,727
2,707

Elimination of intersegment transactions△1,016,334

Expenses of entire company (Note)
Adjustment of inventories△18,763

Operating profit in quarterly consolidated profit and loss statement

2,223,692(Note) Expenses of the entire company are mainly general and administrative expenses not
attributable to reportable segments.
3. Information about loss on impairment of fixed assets or goodwill, etc., by reportable segment
No applicable matter.

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Arisawa Mfg. Co., Ltd. (5208) Closing Announcement of the Third Quarter of the Fiscal Year Ending March 31, 2022

II Current consolidated cumulative third quarter (From April 1, 2021 to December 31, 2021)
1. Information related to the amount of sales and profit/loss by reportable segment(Unit: thousand yen)
Reportable segment
Industrial
Electric
Electronic application
Display
insulationmaterials structural
materials
materials
materials
Sales
Sales to externalcustomers
Intersegment sales ortransfers
Total
Segment profit

Other(Note)

Total

22,831,479 5,210,840 1,949,002 2,358,326 32,349,648

Total

314,207

32,663,855---

628,951

628,951

22,831,479 5,210,840 1,949,002 2,358,326 32,349,648

943,158

33,292,807

2,373,950

132,062

4,036,988

---

---

659,374---

242,033---

629,568

3,904,926(Note) The category “Other” means business segments which are not included in the reportable segments andincludes related goods sales, logistics related businesses and other businesses, etc.
2. Difference between the total amount of profit/loss of reportable segments and the amount shown inthe quarterly consolidated profit and loss statement and major details for the difference (mattersconcerning difference adjustment)(Unit: thousand yen)
ProfitAmountTotal of reportable segments

3,904,926

Profit in category “Other”

132,062

Elimination of intersegment transactions

11,305△1,214,126

Expenses of entire company (Note)
Adjustment of inventories△31,162

Operating profit in quarterly consolidated profit and loss statement

2,803,005(Note) Expenses of the entire company are mainly general and administrative expenses not
attributable to reportable segments.
3. Information about loss on impairment of fixed assets or goodwill, etc., by reportable segment
No applicable matter.
4. Information about changes, etc., in reportable segment
As stated in the Changes in Accounting Policy, the Accounting Standard for Revenue
Recognition, etc., has been applied from the beginning of the consolidated first quarter to change theaccounting of revenue recognition, measurement method of profit or loss of business segment waschanged in a similar manner.
As a result, as compared with the previous method, sales of electronic materials decreased by¥1,707,382 thousand, sales of industrial application structural materials decreased by ¥486,471
thousand, segment profit decreased by ¥36,146 thousand, sales of electric insulation materials
decreased by ¥12,193 thousand, sales of display materials decreased by ¥612,053 thousand andsegment profit increased by ¥24,814 thousand.
(Important Events after Closing the Accounts)
No applicable matter.

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