Presentation of Financial Results for the 1Q of FY2022

Increases in 1Q net sales and profit at both the Groupwide level and in each segment.

Growing impact of soaring raw material costs offset by improvements in selling prices and efforts to control fixed costs.

Despite the ongoing impact of soaring raw material costs took thoroughgoing steps to secure margins through improvements in selling prices; record high profit in the 1Q slightly in excess of plans.

Soaring raw material and fuel costs projected to exceed initial expectations; focus on securing improvements in
selling prices, expanding sales of high-performance products, and controlling fixed costs; expected to achieve
operating profit plans due in part to effects of a foreign exchange gain.