ＵＢＥ（4208） – FY2021 Consolidated Results FY2022 Consolidated Forecasts Explanatory material

FY2021 Consolidated ResultsFY2022 Consolidated ForecastsExplanatory materialMay 12, 2022FY2021 Consolidated Results2FY2021 Consolidated ResultsScope of ConsolidationItemEnd of FY2020 End of FY2021DifferenceNotes(A)(B)（B) – （A)6665(1)＋ UBE Elastomer Co., Ltd.＋ UBE HIGH CO., LTD－ Yamaishi Metal Co., Ltd.－ UBE PROCESSING TEC CORPORATION－ NANTONG UBE CONCRETE CO., LTD.260+ Mitsubishi UBE Cement Corporation (formerly C Integration Arrangement, Ltd.)－ Kure Ube Lime, Ltd.Number ofconsolidatedsubsidiariesNumber ofequity methodaffiliates2692Total91(1)3FY2021 Consolidated ResultsEnvironmental FactorsItemFY2020FY2021Difference(A)(B)(B) – (A)Exchange RateYen/$106.1 112.4 6.3CIF$/ｔ399 702 303DomesticYen/KL31,300 56,700 25,400NaphthaMaterial PriceBenzene(ACP)AustralianCoal(CIF)$/ｔ$/ｔ500 990 49082.0 170.3 88.3Yen/t8,70019,13310,4334FY2021 Consolidated ResultsMajor P/L ItemsItemFY2020FY2021Difference(A)(B)(B) – (A)(Billions of yen)PercentagechangeNet sales*1613.9655.3738.041.4124.1－20.2%Operating profit25.944.018.170.0%Ordinary profit23.341.518.378.4%Profit attributable toowners of parent22.924.51.66.8%*1: We don’t indicate the rate of increase and decrease in net sales compared with the previous fiscal year because of applying the “Accounting Standard for Revenue Recognition” from FY2021. Figures shown in italics are before applying the Accounting Standard for Revenue Recognition.5FY2021 Consolidated ResultsNet Sales and Operating Profit by SegmentSegmentChemicalsConstruction MaterialsMachineryOthersAdjustmentTotalChemicalsConstruction MaterialsMachineryOthersAdjustmentTotalNet saeslOperating profitFY2020FY2021Difference(A)259.4(B)341.5(B) – (A)82.1(Billions of yen)Percentagechange282.978.73.1(10.2)613.98.214.72.80.4(0.3)25.9*1351.7221.5296.297.094.83.43.4(8.1)(8.1)655.3738.035.53.45.10.6(0.5)44.092.3(61.4)13.318.316.10.30.32.12.141.4124.127.32.30.1(0.2)18.135.6%4.7%20.4%9.6%－－－－－－－20.2%333.4%81.2%28.2%－70.0%(11.3)(76.9)%*1: Figures shown in italics are before applying the Accounting Standard for Revenue Recognition.6FY2021 Consolidated ResultsAnalysis – TotalNet Sales800.0400.00.0+41.4+124.1655.3655.3738.0*1613.9ChemicalsConstruction MaterialsMachineryOthersAdjustmentFY2020FY2021－20.2% IncreasedOperating profit60.0+18.130.025.9 44.0 Construction MaterialsChemicalsMachineryOthersAdjustment0.0FY2020FY202170.0% Increased(Billions of yen)Difference of operating profitPrice ※1合成ゴムVolume(0.3)69.012.8カプロラクタム(6.0)Fixed Costand Others ※25.6Total18.1*1: Including both selling and purchase change*2: Including inventory valuation changes and lowest cost accounting82.1(61.4)18.30.32.127.3(11.3)2.30.1(0.2)*1: Figures shown in italics are before applying the Accounting Standard for Revenue Recognition.7FY2021 Consolidated ResultsAnalysis – ChemicalsNet SalesEngineering Plastics & Fine Chemicals59.0+82.1+92.3341.5351.7*1Synthetic rubberSpecialty ProductsPharmaceutical－35.6%IncreasedOperating profit50.025.00.0+27.335.5 Engineering Plastics & Fine Chemicals19.9Synthetic rubberSpecialty ProductsPharmaceutical8.2 FY2020FY2021333.4%Increased(Billions of yen)Difference of operating profitPrice ※1合成ゴムVolume14.969.010.7カプロラクタム (6.0)Fixed Costand Others ※21.8Total27.3*1: Including both selling and purchase change*2: Including inventory valuation changes and lowest cost accounting21.6(0.0)1.4etc3.83.10.6etc*1: Figures shown in italics are before applying the Accounting Standard for Revenue Recognition.8FY2021 Consolidated ResultsAnalysis –Construction MaterialsNet Sales(Billions of yen)Difference of operating profitOperating profitCement and Ready-mixed concrete(80.7)Construction materials and 3.1Limestone related products(61.4)+13.3*1221.5296.2CoalPowerPrice ※1Volume－4.7% IncreasedFixed Costand Others(14.3)69.01.2(6.0)1.7(11.3)Cement and Ready-mixed concreteConstruction materials and Limestone related productsCoalPower(76.9)% DecreasedTotal(11.3)*1: Including both selling and purchase change15.90.8etc(6.1)0.6(0.2)(5.9)*1: Figures shown in italics are before applying the Accounting Standard for Revenue Recognition.9FY2021 Consolidated ResultsAnalysis – MachineryNet Sales+18.3+16.197.094.8*1Operating profit+2.3(Billions of yen)Difference of operating profitPrice ※1VolumeFixed Costand Others ※2(0.8)69.00.9(6.0)2.3Total2.3－20.4%Increased81.2% Increased*1: Including both selling and purchase change*2: Including marginal profit on machinery product 2.2*1: Figures shown in italics are before applying the Accounting Standard for Revenue Recognition.10FY2021 Consolidated ResultsOperating Profit – Profit attributable to owners of parentNon-operating income (expenses)(2.6)(2.5)Share of profit (loss) of entities accounted for using equtiy methodItemOperating profitNet interests expensesForeign exchange gainsOthersOrdinary profitExtraordinary income (losses)Profit before income taxesProfit attributable to owners of parentNet income per shareDividend per shareIncome taxes and profit (loss) attributable to non-controlling interests*1: The dividend per share for FY2021 is expected to be 95 yen.(Billions of yen)FY2020FY2021Difference(A)(B)(B) – (A)25.944.018.10.3(1.9)1.7(2.6)41.5(4.8)36.80.10.3(3.0)1.31.618.3(3.9)14.40.11.10.4(4.2)23.3(0.9)22.40.522.9(12.3)(12.8)24.5(1.6)226.79 yen249.31 yen22.52 yen90.00 yen*195.00 yen5.00 yen11FY2021 Consolidated ResultsConsolidated Balance SheetItemEnd of FY2020 End of FY2021Difference(A)(B)(B) – (A)(Billions of yen)Current assetsFixed assetsTotal assetsInterest-bearing debtOther liabilitiesTotal liabilitiesShareholders’ equity *1Non-controlling interests and othersTotal net assetsTotal liabilities and net assets331.7437.8769.7214.8174.3389.1359.021.6380.6769.7394.7443.1838.0241.8202.1443.9369.124.9394.0838.0*1: Shareholders’ equity = Net assets – Share acquisition rights – Non-controlling interests63.05.368.227.027.854.810.13.313.468.212FY2021 Consolidated ResultsConsolidated Statements of Cash Flows(Billions of yen)ItemFY2020FY2021A.Cash flows from operating activities66.132.7Profit before income taxes 36.8Depreciation and amortization 36.5Decrease in working capital (40.5)Income taxes paid (5.4) etc.B.Cash flows from investing activities(39.4)(43.4) Acquisition of PP&E (36.4) etc.Free cash flows (A+B)26.6(10.7)C.Cash flows from financing activities10.98.4Dividends paid (9.2)Increase in interest-bearing debts 26.0Buy back of shares (10.0) etc.D.Net increase/decrease in cash andcash equivalents39.0(0.9)E.Cash and cash equivalents at end ofthe fiscal year79.678.813FY2022 Consolidated Forecasts14FY2022 Consolidated ForecastsScope of ConsolidationItemEnd ofFY2021End ofFY2022Difference(A)(B)（B) – （A)NotesNumber ofconsolidatedsubsidiaries6534(31)－ Meiwa Plastic Industries, Ltd.－ UBE Advanced Materials INC.－ R-Koma, Ltd.－ UBE Construction Materials Sales Co., Ltd.－ UBE Construction Materials Co., Ltd.－ Ube Industries Cement Service Co., Ltd.－ Ube Material Industries, Ltd.－ Ozawa Corporation－ Kanto Ube Concrete Co., Ltd.－ Kanto Ready-mixed Concrete Transportation Co., Ltd.－ Sanyo Ube Co., Ltd.－ Daikyo Kigyo Co., Ltd.－ Nishiharima Ube Co., Ltd.－ Hagimori Logistics, Ltd.－ Fuji Ube Concrete Co., Ltd.－ Hokkaido Ube Transportation Co., Ltd.－ Ube Reality & Development Co., Ltd.－ Advanced Electrolyte Technologies LLC－ Ichinoseki Remicon Co., Ltd.－ UBE SHIPPING & LOGISTICS, LTD.－ Ube Industries Consulting, Ltd.－ Ube Sand Co., Ltd.－ Oita Ube Co., Ltd.－ Kansai Ube Co., Ltd.－ Kanto Ube Holdings Co., Ltd.－ Sanshin Tsusho Co., Ltd.－ Shinko Transportation & Warehouse Co., Ltd.－ Chiba Ube Concrete Co., Ltd.－ Hagimori Industries, Ltd.－ Hiraizumi Co., Ltd.－ Hokkaido Ube Co., Ltd.Number ofequitymethodaffiliates2615(11)－ Ube-Mitsubishi Cement Corporation－ Kano Ube Concrete Co., Ltd.－ KUSHIRO UBE Co., Ltd.－ Bekkai Ube Concrete Co., Ltd.－ Yamayo Trading Co., Ltd.－ Chiba Riverment and Cement Corporation－ Kitakyushu Ube Concrete Co., Ltd.－ Chushikoku Ube Concrete Co., Ltd.－ Hokuriku Ube Concrete Co., Ltd.－ UBE Singapore Pte., Ltd.－ Yamaguchi Eco-tech CorporationTotal9149(42)15FY2022 Consolidated ForecastsEnvironmental FactorsItemFY2021FY2022Difference(A)(B)(B) – (A)Exchange RateYen/$112.4 125.0 12.6CIF$/ｔ702 850 148DomesticYen/KL56,700 69,200 12,500NaphthaMaterial PriceBenzene(ACP)AustralianCoal(CIF)$/ｔ990 1,070 80$/ｔ170.3 283.0 112.8Yen/t19,133 35,375 16,24216FY2022 Consolidated ForecastsMajor P/L & B/S ItemsItemFY2021FY2022 Difference(A)(B)(B) – (A)(Billions of yen)PercentagechangeNet sales655.3510.0(145.3)(22.2)%Operating profit44.034.5(9.5)(21.7)%Ordinary profit41.531.0(10.5)(25.4)%24.521.0(3.5)(14.3)%Profit attributable toowners of parentItemTotal assetsInterest-bearing debtEquity capital *1End ofFY2021(A)838.0241.8369.1End ofFY2022(B)720.0180.0380.0Difference(B) – (A)(118.0)(61.8)10.95.00Dividend(Yen /Share)*295.00*3100.00*1: Equity capital = Net assets – Subscription rights to shares – Non-controlling interests*2: Dividend: Interim/45yen, Fiscal year-end/50yen*3: Dividend: Interim/50yen, Fiscal year-end/50yen17FY2022 Consolidated ForecastsSegment Change旧セグメント内　容新セグメント内　容Chemicals・ Engineering Plastics & Fine Chemicals　　Nylon Polymer, Composite　　Caprolactam, Ammonium Sulfate　　Industrial Chemicals　　Fine Chemicals, High-Performance Coating・ Synthetic rubber・ Specialty Products　　Polyimide　　Battery materials　　Specialty products・ Pharmaceutical・ Ube Film, Meiwa Plastic Industries, UBE EXSYMO・ Overseas sales company・ Chemicals segment-wide cost (including Research & Development Div. costs）SpecialtyProducts・ Polyimide・ Battery materials・ Specialty products・ Electronic and Industrial Materials Business（formerly Meiwa Plastic Industries）・ UBE EXSYMOPlastics &Chemicals・ Nylon Polymer, Composite・ Caprolactam, Ammonium Sulfate・ Industrial Chemicals・ Fine Chemicals, High-Performance Coating・ Synthetic rubber・ Ube FilmConstructionMaterials・ Cement and Ready-mixed concrete・ Construction materials and Limestone related products・ Coal・ Power（including in-house power）MachineryMachineryOthers・ Other group companiesOthersAdjustment ・ Adjustment for Segment profitAdjustment・ Pharmaceutical・ In-house power・ Overseas sales company・ Other group companies・ Company-wide cost (including Research & Development Div. costs）・ Adjustment for Segment profit18FY2022 Consolidated ForecastsNet Sales and Operating Profit by SegmentSegment*1FY2021FY2022Difference(A)(B)(Billions of yen)PercentagechangeNet saeslOperatingprofit Specialty ProductsPlastics & ChemicalsMachineryOthersAdjustmentTotalSpecialty ProductsPlastics & ChemicalsMachineryOthersAdjustmentTotal60.8260.097.053.2184.3655.311.623.55.13.70.144.069.0302.0106.060.0(27.0)510.013.018.55.02.5(4.5)34.5(B) – (A)8.242.09.06.8(211.3)(145.3)1.4(5.0)(0.1)(1.2)(4.6)(9.5)13.5%16.1%9.3%12.9%-(22.2)%11.7%(21.3)%(2.5)%(31.8)%-(21.7)%*1: As shown on page 18, in accordance with the integration of the cement-related business into an equity-method affiliate from FY2022, the Company has been reclassified from “Chemicals“, “Construction Materials“, “Machinery” and “Others” into the four segments of “Specialty Products”, “Plastics & Chemicals”, “Machinery,” and “Others” . Pharmaceutical is included in “Others”. The results for FY2021 are the reference values after the reclassification to the new segment classifications, and “Construction Materials” is included in “Adjustment”.19FY2022 Consolidated ForecastsAnalysis – TotalNet Sales800.0655.3(145.3)510.0(Billions of yen)Qualitative InformationNet Sales : Decreased• Cement-related business : Split and converted to an equity-method affiliate• Specialty Products, Plastics & Chemicals : Increase in sales volume due to strong demandOperating Profit : Decreased• Plastics & Chemicals : FY2021(22.2)%FY2022Decreased• Cement-related business :Split and converted to an equity-method affiliateCost increase due to price rising of the raw materials and fuel.Operating ProfitDifference of operating profit44.0 (9.5)34.5 Price ※1Volume(5.6)8.9FY2021FY2022(21.7)% DecreasedFixed Costand Others ※2 (12.9)Total(9.5)*1: Including both selling and purchase change*2: Including inventory valuation changes and lowest cost accounting Including Impact of the split of the cement-related business20400.00.060.030.00.0FY2022 Consolidated ForecastsAnalysis – Specialty ProductsNet Sales+8.2Qualitative InformationNet Sales : Increased• Polyimide : (Billions of yen)Steady sales of the COF films mainly used on displays and varnish used for organic EL panels • Separation Membrane ：Focus on environment and energy fields• Separator : Demand for automotive applications is expected to recover.Operating Profit : Increased13.5% Increased•Increase in sales volume due to generally strong demandOperating ProfitDifference of operating profit+1.4Price ※1(2.8)11.7% IncreasedVolumeFixed Costand Others ※2Total4.00.21.4*1: Including both selling and purchase change*2: Including inventory valuation changes and lowest cost accounting21FY2022 Consolidated ForecastsAnalysis – Plastics & ChemicalsNet SalesQualitative Information+42.0Net Sales : Increased(Billions of yen)• Nylon Polymer and Composite, Caprolactam, Synthetic rubber : Increased sales volume due to strong demand• Sales price rising due to the raw materials and fuelOperating Profit : Decreased• Cost increase due to price rising of the raw materials and fuelOperating ProfitDifference of operating profit16.1%Increased(5.0)(21.3)% DecreasedPrice ※1Volume(3.2)4.4Fixed Costand Others ※2Total(6.3)(5.0)*1: Including both selling and purchase change*2: Including inventory valuation changes and lowest cost accounting22FY2022 Consolidated ForecastsAnalysis – MachineryNet Sales+9.0Qualitative InformationNet Sales : Increased• Molding Machine : (Billions of yen)Operating ProfitDifference of operating profitDemand for overseas automobile industry is expected to be on a recovery trend•Industrial Machines : Impact of large-scale projects for electric power companies on business performance will settle downOperating Profit : Decreased•Impact of reduced revenue from industrial machinery etc.Price ※1Volume0.3(0.1)Fixed Costand Others ※2Total(0.3)*1: Including both selling and purchase change(0.1)*2: Including marginal profit on machinery product 0.4239.3%Increased(0.1)(2.5)% DecreasedFY2022 Consolidated ForecastsAnalysis – Others (Pharmaceutical, In-house Power etc.)(Billions of yen)Net SalesQualitative Information+6.8Net Sales : IncreasedOperating ProfitDifference of operating profit12.9% Increased(1.2)(31.8)%Decreased•In-house Power : Increase in power sales volume(Since the cement-related business was split and transferred to an equity-method affiliate, the power supply to this business will be recorded as sales)Operating Profit : Decreased• Decrease in royalty income from pharmaceuticals, etc.Price ※1VolumeFixed Costand Others ※2Total0.10.6(1.9)(1.2)*1: Including both selling and purchase change*2: Including lowest cost accounting24FY2022 Consolidated ForecastsOperating Profit – Profit attributable to owners of parentItemOperating profitNon-operating income (expenses)Ordinaly profitExtraordinary income (losses)Profit before income taxesShare of loss of entities accounted for using equtiy methodrelated to Mitsubishi UBE Cement Corporationー(10.0)(Billions of yen)FY2021FY2022Difference(A)(B)(B) – (A)44.0(2.5)41.5(4.8)36.834.5(3.5)31.00.031.0(9.5)(1.0)(10.0)(10.5)4.8(5.8)2.3(3.5)25Income taxes and profit (loss) attributable tonon-controlling interests(12.3)(10.0)Profit attributable to owners of parent24.521.0Net income per share249.31 yen 216.93 yen (32.38) yenReference26Reference: FY2021 Consolidated ResultsAnalysis of Operating Profit by SegmentOperating profit（Billions of yen）SegmentFY2020FY2021Difference(A)(B)(B) – (A)Price*1VolumeFixed costand others*2Chemicals8.235.527.314.910.7Construction Materials14.73.4 (11.3)(14.3)1.2Machinery2.85.12.3(0.8)*30.92.3Others0.40.60.10.00.00.11.81.7Adjustment(0.3)(0.5)(0.2)–(0.2)Total25.944.018.1(0.3)12.85.6*1:Including both selling and purchase change *2:Including inventory valuation changes and lowest cost accounting*3:Including marginal profit on machinery product 2.227Reference: FY2021 Consolidated ResultsNet Sales(Billions of yen)SegmentFY20211Q2Q3Q4QTotalChemicals76.880.690.393.8341.5ConstructionMaterials48.757.155.760.0221.5Machinery21.423.925.426.297.0Others0.80.80.90.93.4Adjustment(1.4)(2.0)(2.3)(2.4)(8.1)Total146.3160.4169.9178.6655.328Reference: FY2021 Consolidated ResultsOperating Profit(Billions of yen)SegmentFY20211Q2Q3Q4QTotalChemicals7.66.911.59.435.5ConstructionMaterials0.71.41.5(0.1)3.4Machinery0.71.60.81.95.1Others0.10.10.20.20.6Adjustment(0.2)0.1(0.2)(0.3)(0.5)Total8.910.213.811.244.029Reference: FY2021 Consolidated Results4Q on 3Q – Net Sales（Billions of yen）Major factorsEngineering Plastics & FineChemicalsSynthetic rubberSpecialty ProductsPharmaceuticalCement and Ready-mixed concreteConstruction materials andLimestone related productsCoalPower7.8(1.6)0.11.9(0.1)(0.1)3.70.4etc.etc.SegmentFY20213Q(A)FY20214Q(B)Difference(B) – (A)Chemicals90.393.83.5ConstructionMaterials55.760.04.4Machinery25.426.2Others0.90.90.80.0Adjustment(2.3)(2.4)(0.1)Total169.9178.68.730Reference: FY2021 Consolidated Results4Q on 3Q – Operating Profit（Billions of yen）Major factorsEngineering Plastics & FineChemicalsSynthetic rubberSpecialty ProductsPharmaceuticalCement and Ready-mixed concreteConstruction materials andLimestone related productsCoalPower0.1(2.5)(0.7)1.2(2.1)(0.3)0.40.3etc.etc.SegmentFY20213Q(A)FY20214Q(B)Difference(B) – (A)Chemicals11.59.4(2.0)ConstructionMaterialsMachineryOthers1.5(0.1)(1.6)0.80.21.90.21.10.0Adjustment(0.2)(0.3)(0.1)Total13.811.2(2.6)31Reference: FY2021 Consolidated ResultsConsolidated Key IndicatorsItemFY2020FY2021(Billions of yen)FY2022(forecast)Capital investmentDepreciation and amortizationResearch and development expensesAdjusted operating profitInterest-bearing debtShareholders’ equityTotal assetsD/E ratio (times)Shareholders’ equity ratio (%)Return on sales – ROS (%)Return on assets – ROA (%)Return on equity – ROE (%)37.236.411.428.0214.8359.0769.70.6046.64.23.76.639.636.511.843.3241.8369.1838.00.6644.16.7*1(6.1)5.46.739.024.011.036.0180.0380.0720.00.4752.86.84.65.67,7009,849Number of employees*1: The figure shown at the bottom of table is reference value for expected result10,897if the Accounting Standard for Revenue Recognition is not adopted.32Reference: FY2021 Consolidated ResultsConsolidated Major Subsidiaries(Billions of yen)Difference ofoperatingNet SalesFY 2021profit fromFY 2020Subsidiaries and AffiliatesBusinessUBE Corporation Europe, S.A. UnipersonalManufacture and sales of nylon, caprolactam, ammonium sulfate andfine chemical productsUBE Chemicals (Asia) Public CompanyLimitedTHAI SYNTHETIC RUBBERS COMPANYLIMITEDManufacture and sales of nylon, caprolactam and ammonium sulfateManufacture and sales of polybutadiene rubberUbe Film, Ltd.Manufacture and sales of plastic film productsUBE EXSYMO CO., LTD.UBE Material Industries, Ltd.UBE Shipping & Logistics, Ltd.Manufacture and sales of polypropylene molded products, fibers, fiber-reinforced plastics and electronic and information materialsManufacture and sales of magnesia clinker, quicklime, slaked lime,etc.Coastal shipping, port transport, containers, collection and transport ofindustrial waste, trading and engineering businessUBE Construction Materials Sales Co., Ltd.Sales of cement, ready-mixed concrete, building materials, etc.SANSHIN TSUSHO Co., Ltd.Sales of cement, ready-mixed concrete, building materials, etc.Consolidated subsidiaries dealingready-mixed concreteManufacture and sales of ready-mixed concreteUbe Construction materials Co., Ltd.Manufacture, sales and construction of various building materialsUBE Machinery Corporation, Ltd.UBE Steel Co., LtdManufacture, sales, and service of molding machines, industrialmachinery and bridge, etc.Manufacture and sales of cast iron and steel products and rolled steelbillets57.551.515.110.012.842.919.72.51.831.79.751.830.7↑↑↑↓→↑↑↓→↓↓↑→Note: ↑↓Represent an increase or decrease of over 0.1 billion JPY33Reference: FY2022 Consolidated ForecastsNet Sales and Operating Profit in Half Years by SegmentSegmentNet SalesOperating profitFirsthalfSecondhalfTotalFirsthalfSecondhalfTotalSpecialty Products33.036.069.07.513.0（Billions of yen）Plastics & Chemicals148.0154.0302.012.018.5Machinery50.056.0106.0Others28.531.560.03.51.55.02.5Adjustment(12.5)(14.5)(27.0)(2.0)(2.5)(4.5)5.56.51.51.0Total247.0263.0510.012.522.034.5*1: As shown on page 18, in accordance with the integration of the cement-related business into an equity-method affiliate from FY2022, the Company has been reclassified from “Chemicals“, “Construction Materials“, “Machinery” and “Others” into the four segments of “Specialty Products”, “Plastics & Chemicals”, “Machinery,” and “Others” . Pharmaceutical is included in “Others”. 34Reference: FY2022 Consolidated ForecastsMajor Items for Capital Expenditure SegmentSubjectPlaceEstimeatedcompletiondateSpecialtyProductsExpand plant of raw material ofpolyimide (BPDA)Ube, JapanFY2023Expand production facilities forpolyimide FilmUbe, JapanFY202435Reference: IR CalendarAnalyst Briefing and Announcement of 1st Quarter Business ResultsFY2022 Analyst Briefing （Telephone conference）• May 19, 10:00Announcement of 1st quarter Business Results• August 4, 15:00Telephone Conference for 1st Quarter • August 4, 18:00(Note) This schedule is subject to change without notice due to circumstances.36This presentation material contains forward-looking statements concerning UBE’s future plans, strategies, and performance. These forward-looking statements are not historical facts; rather, they represent assumptions and beliefs based on economic, financial, and competitive conditions currently observable. Forward-looking statements include information preceded by, followed by, or including the words “project”, “predicts”, “expects”, “forecasts”, “could”, “may”, or similar expressions.Furthermore, they are subject to a number of risks and uncertainties which include, but are not limited to, economic conditions in key markets, supply and demand of products, the prices of raw material and fuel, interest rates, and exchange rates. Readers of this presentation material are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from expectations.Copyright 2022 UBE Corporation All Rights Reserved