デクセリアルズ（4980） – Summary of Financial Results 2022

Consolidated Financial Results for the Fiscal Year Ended March 31, 2022 〔Under Japanese GAAP〕 Tokyo Stock Exchange https://www.dexerials.jp/en Listing: URL: Company name: Dexerials Corporation Security code: 4980 Representative: Yoshihisa Shinya, Representative Director and President Contact: Phone: Date of annual general meeting of shareholders: Date of payment of year-end dividends: Annual Securities Report (Yukashoken Hokokusho) filing date: Preparation of supplementary briefing material on financial results: Investors meeting presentation for financial results: Shinji Tomita, General Manager, IR Department, Corporate Strategy Division +81-285-39-7950 June 17, 2022 June 20, 2022 June 17, 2022 Yes Yes (for securities analysts and institutional investors) May 10, 2022 1. Consolidated financial results for the fiscal year ended March 31, 2022 (from April 1, 2021 to March 31, 2022) (1) Consolidated operating results (Percentage indicates year-on-year changes.) (Note) Amounts less than one million yen have been omitted. Net sales Operating profit Ordinary profit Profit attributable to owners of parent Fiscal year ended Millions of yen 95,712 65,830 March 31, 2022 March 31, 2021 % Millions of yen 26,642 11,339 45.4 14.1 % Millions of yen 25,023 10,844 135.0 145.6 % Millions of yen 16,669 5,329 130.8 146.8 % 212.8 94.9 Note: Comprehensive income For the fiscal year ended March 31, 2022: ¥17,909 million [199.6%] [156.7%] For the fiscal year ended March 31, 2021: ¥5,977 million Note: EBITDA For the fiscal year ended March 31, 2022: ¥32,478 million [84.6%] For the fiscal year ended March 31, 2021: ¥17,590 million [63.1%] Note: The Company has adopted the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29 , March 31, 2020) and others from the beginning of the fiscal year ended March 31, 2022. Basic earnings per share Diluted earnings per share Return on capital Ordinary profit to total assets Operating profit to net sales Fiscal year ended March 31, 2022 March 31, 2021 Yen 274.61 87.60 Reference: Share of profit or loss of entities accounted for using equity method For the fiscal year ended March 31, 2022: ¥(431) million For the fiscal year ended March 31, 2021: ¥(207) million Note: For the purpose of calculating the amounts of earnings per share, the number of shares of the Company held by the Trust was included in the number of treasury shares, which was to be deducted from the calculation of the average number of shares of common stock during the period. Yen 272.78 87.06 % 28.5 10.4 % 22.5 12.0 % 27.8 17.2 (2) Consolidated financial position Total assets Net assets Capital to asset ratio Net assets per share Millions of yen As of 127,410 March 31, 2022 March 31, 2021 95,201 Reference: Capital (Shareholders’ equity + Accumulated other comprehensive income) Note: For the purpose of calculating the amounts of net assets per share, the number of shares of the Company held by the Trust Millions of yen 64,140 53,305 As of March 31, 2022: ¥63,735 million As of March 31, 2021: ¥53,305 million % 50.0 56.0 Yen 1,063.24 874.66 was included in the number of treasury shares, which was to be deducted from the number of shares issued at the end of the period. (3) Consolidated cash flows Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Cash and cash equivalents at end of period Fiscal year ended March 31, 2022 March 31, 2021 Millions of yen 25,804 13,187 Millions of yen (12,434) (2,471) Millions of yen (5,783) (4,259) Millions of yen 29,363 20,531 2. Dividends Fiscal year ended March 31, 2021 March 31, 2022 Fiscal year ending March 31, 2023 (forecast) First quarter- end Yen – – – Second quarter-end Cash dividends per share Third quarter- end Yen – – – Yen 17.00 30.00 Fiscal year- end Yen 27.00 30.00 30.00 Total dividends (Annual) Dividend payout ratio (Consolidated) Dividend on equity (Consolidated) Total Yen Millions of yen 2,824 44.00 3,810 60.00 35.00 65.00 % 50.3 21.8 19.7 % 5.2 6.2 Reference: Total payout ratio (consolidated) before amortization of goodwill For the fiscal year ended March 31, 2022: 42.3% For the fiscal year ending March 31, 2023 (forecast): 44.7% (For more details, please see page 6 of the Attached Materials.) Notes: 1. For the forecast dividends for the fiscal year ending March 31, 2023, please refer to “Notice Regarding the Dividend Forecast (Commemorative Dividends for the 10th Anniversary) for the Fiscal Year Ending March 31, 2023” released on May 10, 2022. 2. The amounts of total dividends (annual) include the dividends (of ¥145 million for the fiscal year ended March 31, 2021 and ¥179 million for the fiscal year ended March 31, 2022) for the shares of the Company held by the Trust. 3. For the purpose of calculating the amounts of dividend on equity for the fiscal years ended March 31, 2021 and 2022, the number of shares of the Company held by the Trust was included in the number of treasury shares. 3. Forecast of consolidated financial results for the fiscal year ending March 31, 2023 (from April 1, 2022 to March 31, 2023) Net sales Operating profit Ordinary profit Millions of yen 110,000 Millions of yen 31,000 Fiscal year Yen 329.48 Notes: For the purpose of calculating the amount of basic earnings per share, the number of shares of the Company held by the Trust as of the end of the fiscal year ended March 31, 2022 was included in the number of treasury shares, which was to be deducted from the calculation of the average number of shares of common stock during the period. % 20.0 % 16.4 % 14.9 % 18.3 Millions of yen 29,600 For more information on the consolidated financial results for the fiscal year ended March 31, 2022, please refer to the supplementary briefing material on financial results, Annual Securities Report (available in Japanese only) to be filed on June 17, 2022, and other materials, which you can find on our website at https://www.dexerials.jp/en/ir/library/index.html. (Percentage indicates year-on-year changes.) Basic earnings per share Profit attributable to owners of parent Millions of yen 20,000 [Notes] scope of consolidation): None (1) Changes in significant subsidiaries during the current period (Changes in specified subsidiaries resulting in the change in (2) Changes in accounting policies, changes in accounting estimates and restatements of prior period financial statements (a) Changes in accounting policies due to application of new or revised accounting standards: Yes (b) Changes in accounting policies due to reasons other than above (a): (c) Changes in accounting estimates: (d) Restatements of prior period financial statements: Note: For further details, please see “3. Consolidated Financial Statements and Notes, (5) Notes to consolidated financial None Yes None statements (Changes in accounting policies) and (Changes in accounting estimates)” on page 16 of the Attached Materials. (3) Number of shares of common stock issued (a) Number of shares issued (including treasury shares) As of March 31, 2022: As of March 31, 2021: (b) Number of treasury shares 64,493,400 shares 64,276,700 shares As of March 31, 2022: As of March 31, 2021: 4,548,709 shares 3,332,948 shares (c) Average number of shares of common stock during the period 60,700,276 shares 60,838,156 shares Fiscal year ended March 31, 2022: Fiscal year ended March 31, 2021: Notes: 1. As a result of the exercise of stock options during the fiscal year ended March 31, 2022, the number of shares issued as of March 31, 2022 has increased by 216,700 shares. 2. As the Company has introduced a stock compensation plan which delivers shares with restrictions on transfer, the Company’s shares are included in the number of treasury shares at the end of the period (293,800 shares as of March 31, 2022 and 293,800 shares as of March 31, 2021) mainly for the purpose of allotting them as restricted shares. 3. As the Company has introduced an Employee Stock Ownership Plan (“J-ESOP”) and a Board Benefit Trust (BBT), the number of shares of the Company held by the trust account is included in the number of treasury shares as of the end of the period. In addition, the number of shares of the Company held by the Trust (an average of 3,682,050 shares for the fiscal year ended March 31, 2022 and an average of 3,250,499 shares for the fiscal year ended March 31, 2021) was included in the number of treasury shares to be deducted in the calculation of the average number of shares of common stock during the period. [Reference] Overview of non-consolidated financial results 1. Non-consolidated financial results for the fiscal year ended March 31, 2022 (from April 1, 2021 to March 31, 2022) (1) Non-consolidated operating results (Percentage indicates year-on-year changes.) Fiscal year ended March 31, 2022 March 31, 2021 Net sales Millions of yen Operating profit Ordinary profit Net income % Millions of yen % Millions of yen % Millions of yen 88,189 60,580 45.6 16.1 22,405 145.1 9,139 236.6 22,918 104.5 11,207 196.5 % 14,579 133.1 6,253 156.9 (2) Non-consolidated financial position Total assets Millions of yen 111,751 88,052 As of March 31, 2022 March 31, 2021 Reference: Capital (Shareholders’ equity + Valuation and translation adjustments) * This consolidated financial results report is not subject to audit procedures to be performed by certified public accountants or an As of March 31, 2022: ¥53,497 million As of March 31, 2021: ¥46,166 million % 47.9 52.4 Net assets Millions of yen 53,497 46,166 Capital to asset ratio audit firm. * [Proper use of earnings forecast, and other special notes] (Disclaimer with respect to earnings and other forecasts) The forward-looking statements including results forecasts contained in this document are based on information currently available to the Company and certain assumptions that the Company deems reasonable. Accordingly, the Company does not intend to promise their achievement. Actual results may differ from these forecasts and forward-looking statements due to various factors.