東洋炭素（5310） – Summary of Financial Results for the first quarter 2022

Translation Member of the Financial Accounting Standards Foundation May 16, 2022 Summary of Consolidated Financial Results for the Three Months Ended March 31, 2022 [Japanese GAAP] Listed company name: Stock exchange listing: Stock code: Website: Representative: Contact: TEL: Scheduled date for submission of quarterly report: Scheduled date for dividend payment: Supplementary materials for quarterly financial summaries: Quarterly financial results briefing: Toyo Tanso Co., Ltd. Tokyo Stock Exchange 5310 https://www.toyotanso.co.jp Naotaka Kondo, Representative Director, Chairman & President, CEO Shigeki Masuda, General Manager, Finance and Accounting Department 81-6-6472-5811 (from overseas) May 16, 2022 – No No 1. Consolidated financial results for the three months ended March 31, 2022 (From January 1, 2022 to March 31, 2022) (1) Operating results (cumulative total) (Millions of yen, rounded down) (Percentages indicate changes from the same period in the previous fiscal year.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent % % % % 9,906 19.5 1,502 49.8 1,783 41.2 1,203 73.5 8,288 5.0 1,002 10.8 1,263 51.8 693 22.0 Three months ended March 31, 2022 2,374 million yen (40.3%) Three months ended March 31, 2021 1,692 million yen (774.9%) Profit attributable to owners of parent per share (basic) Profit attributable to owners of parent per share (diluted) Three months ended March 31, 2022 Three months ended March 31, 2021 Note: Comprehensive income: Three months ended March 31, 2022 Three months ended March 31, 2021 yen – – yen 57.37 33.06 1 As of March 31, 2022 As of December 31, 2021 Reference: Shareholders’ equity 2. Dividends Year ended December 31, 2021 Year ending December 31, 2022 (Actual) Year ending December 31, 2022 (Forecast) (2) Financial position (Millions of yen, rounded down) Total assets Net assets Equity ratio 84,190 83,655 73,372 72,256 % 87.1 86.3 March 31, 2022 December 31, 2021 73,318 million yen 72,204 million yen First quarter-end Second quarter-end Third quarter-end Year-end Total (Full year) Dividends per share (yen) – – 0.00 0.00 – – 60.00 60.00 70.00 70.00 (Note) Revisions of projected dividends most recently announced: None 3. Consolidated results forecast for the fiscal year ending December 31, 2022 (From January 1, 2022 to December 31, 2022) (Millions of yen, rounded down) (Percentages indicate year-on-year changes.) Profit attributable to owners of parent per share Profit attributable to owners of parent Net sales Operating profit Ordinary profit Six months ending June 30, 2022 Fiscal year ending December 31, 2022 % % % % 20,000 14.1 2,800 18.3 2.700 (2.9) 2,000 9.6 yen 95.36 42,000 11.3 7,000 23.5 6,900 10.1 5,000 12.0 238.41 (Note) Revisions of consolidated forecasts most recently announced: None 2 * Others (1) Changes in significant subsidiaries during the period under review: (Changes in specified subsidiaries accompanying changes in scope of consolidation): None New subsidiaries: ___ (name of company(ies)) Excluded subsidiaries: ___ (name of company(ies)) (2) Adoption of specific accounting methods for the preparation of quarterly consolidated financial statements: Yes (3) Changes in accounting policies and accounting estimates and restatements 1) Changes in accounting policies due to revisions of accounting standards, etc.: Yes 2) Changes in accounting policies other than 1): None 3) Changes in accounting estimates: None 4) Restatements: None (4) Number of shares outstanding (common stock) 1) Number of shares outstanding and issued at the end of period (including treasury stock) 2) Number of treasury stock at the end of period As of March 31, 2022 As of December 31, 2021 As of March 31, 2022 As of December 31, 2021 20,992,588 shares 20,992,588 shares 20,028 shares 20,028 shares 3) Average number of shares during the period (quarterly cumulative total) Three months ended March 31, 2022 Three months ended March 31, 2021 20,972,560 shares 20,972,740 shares * The quarterly financial results report is not subject to quarterly review conducted by a certified public accountant or an audit firm. * Disclaimer regarding appropriate use of forecasts and related points of note Forward-looking statements such as the earnings forecasts in this material are based on currently available information and certain assumptions deemed rational, and are not intended as a guarantee that these forecasts will be achieved. Accordingly, actual results may differ significantly from these forecasts due to various factors. 3