Tokuyama Corporation
                                                 Consolidated balance sheets
                                                                                                                                                                                                                                                        (Millions of yen)
                                                                                                                        FY2012         FY2013        FY2014         FY2015         FY2016        FY2017         FY2018        FY2019         FY2020         FY2021
                                                 Assets
                                                   Current assets
                                                     Cash and deposits                                                      44,897         27,605         61,364       121,508        121,598         57,229        68,613         81,524        83,681         83,116 
                                                     Notes and accounts receivable-trade                                    65,371         67,495         69,371        68,569         73,945         79,660        80,358         72,929        70,901              -
                                                     Notes receivable-trade                                                       -             -              -             -              -              -             -              -              -         7,212 
                                                     Accounts receivable-trade                                                    -             -              -             -              -              -             -              -              -        70,989 
                                                     Lease receivables                                                            -             -            30              6             6             28             30            34             25             11 
                                                     Securities                                                              8,310         43,050         55,053             -              -         10,000             -              -              -             -
                                                     Inventory                                                              50,663         41,906         45,089        40,828         38,835         39,431        43,475         44,646        39,600         55,724 
                                                     Deferred tax assets                                                       547          1,068          4,772         4,256          1,627          6,620             -              -              -             -
                                                     Other                                                                  16,528         10,635          8,396         8,788         10,798          4,809        10,554          4,823         5,666          6,968 
                                                     Allowance for doubtful accounts                                          (205)          (138)         (103)          (192)          (150)         (127)           (94)          (108)         (115)           (72)
                                                   Total current assets                                                     186,114       191,623        243,975       243,766        246,661        197,652       202,936        203,849        199,760       223,950 
                                                   Noncurrent assets
                                                     Property, plant and equipment
                                                     Buildings and structures                                               100,129       102,709        137,347       101,982        100,430        102,761       106,214        108,636        105,028       108,926 
                                                     Accumulated depreciation                                               (68,452)      (71,685)       (74,090)       (74,022)      (72,723)       (73,455)       (76,233)      (78,109)       (76,427)      (78,815)
                                                     Buildings and structures, net                                          31,676         31,024         63,257        27,959         27,707         29,305        29,981         30,526        28,601         30,111 
                                                     Machinery, equipment and vehicles                                      451,758       441,874        546,388       461,619        450,926        446,278       459,535        465,761        459,039       475,226 
                                                     Accumulated depreciation                                              (401,103)     (392,062)      (401,461)      (410,707)     (404,912)      (404,441)      (414,813)     (420,631)      (413,493)     (424,410)
                                                     Machinery, equipment and vehicles, net                                 50,655         49,812        144,927        50,912         46,014         41,836        44,721         45,129        45,545         50,815 
                                                     Tools, furniture and fixtures                                          23,044         23,002         23,261        22,661         22,015         21,887        22,106         22,488        22,827         23,356 
                                                     Accumulated depreciation                                               (21,086)      (21,360)       (20,974)       (20,890)      (20,222)       (19,748)       (19,905)      (20,024)       (19,995)      (20,368)
                                                     Tools, furniture and fixtures, net                                      1,958          1,642          2,286         1,771          1,793          2,138         2,201          2,463         2,831          2,987 
                                                     Land                                                                   32,895         32,667         33,149        31,327         31,289         30,995        32,296         33,363        31,903         32,112 
                                                     Lease assets                                                            1,482          2,156          2,135         2,237          3,533          3,760         4,548          5,011         6,900          8,682 
                                                     Accumulated depreciation                                                 (685)          (895)         (936)         (1,041)       (1,329)        (1,753)       (2,237)        (2,370)        (2,431)       (3,302)
                                                     Lease assets, net                                                         796          1,261          1,199         1,196          2,203          2,007         2,311          2,641         4,469          5,379 
                                                     Construction in progress                                               156,388       206,692          8,511         6,597         10,225          3,959         4,592          9,067        10,674         18,195 
                                                   Total property, plant and equipment                                      274,370       323,100        253,331        119,764       119,233        110,242       116,104        123,192        124,025       139,602 
                                                   Intangible assets
                                                     Goodwill                                                                  175          3,608          5,097         3,738          2,367          1,158           208             3             86            68 
                                                     Lease assets                                                               22            29             44             41            35             51             71            59             43            25 
                                                     Other                                                                   7,757          6,493          4,641         2,613          2,384          1,556         1,693          1,594         1,751          2,588 
                                                   Total intangible assets                                                   7,955         10,131          9,784         6,393          4,787          2,766         1,973          1,657         1,882          2,682 
                                                   Investments and other assets                                                                0 
                                                     Investment securities                                                  31,476         33,334         31,062        15,765         19,083         24,302        21,718         19,385        27,171         28,255 
                                                     Long-term loans receivable                                              4,017          3,473          3,248         3,094          2,833          2,627         2,444          2,302         2,094          2,094 
                                                     Deferred tax assets                                                       965           839            669            610         19,824         11,680        21,091         19,164        16,407         21,111 
                                                     Retirement benefit asset                                                     -         7,804          8,765         8,057          8,936          9,657         9,796          9,569        10,660         10,482 
                                                     Other                                                                  13,710          6,264          4,015         4,190          3,221          3,162         3,621          4,382         4,854          5,077 
                                                     Allowance for investment loss                                             (21)           (21)          (22)           (22)             -              -             -              -              -             -
                                                     Allowance for doubtful accounts                                          (337)          (233)         (303)          (278)          (148)         (141)           (57)          (56)           (61)           (46)
                                                     Total investments and other assets                                      49,811        51,460         47,436        31,417         53,750         51,287        58,614         54,747        61,126         66,974 
                                                   Total noncurrent assets                                                  332,137       384,692        310,552       157,575        177,771        164,297       176,693        179,597        187,034       209,259 
                                                 Total assets                                                               518,251       576,315        554,527       401,342        424,433        361,949       379,630        383,447        386,794       433,210 
                                                 Liabilities
                                                   Current liabilities
                                                     Notes and accounts payable-trade                                       38,152         40,089         40,567        35,388         37,035         47,610        47,268         42,795        39,547         49,055 
                                                     Short-term loans payable                                                8,912         12,347         12,212         9,382          2,138          2,549         4,361          3,082         1,850            463 
                                                     Commercial papers                                                       4,000          4,000          3,000             -              -              -             -              -              -             -
                                                     Current portion of long-term loans payable                             22,144          8,811         25,110        17,036         15,235         15,684        12,667         16,106         8,899         20,823 
                                                     Current portion of bonds                                                     -             -          5,000        10,000              -              -             -              -              -             -
                                                     Lease obligations                                                         338           376            340            356           577            641            758           870          1,204          1,225 
                                                     Income taxes payable                                                      948          1,865          1,318        11,888          1,335          3,688         3,816          2,896         2,375          2,157 
                                                     Deferred tax liabilities                                                1,377             1               -             -              -              -             -              -              -             -
                                                     Provision for bonuses                                                   1,949          2,056          1,911         1,830          2,103          2,557         2,664          3,175         3,057          3,462 
                                                     Provision for repairs                                                   1,755          1,429          1,284         1,480          1,628          4,332         3,569          5,159         4,884          5,409 
                                                     Provision for decommissioning and removal                                    -             -              -             -              -              -             -           439          1,100            908 
                                                     Provision for product warranties                                           94           132            132             85            81             98            137            84             95            73 
                                                     Provision for loss on compensation for damage                                -             -            50              -              -              -            91            84            122            108 
                                                     Provision for environmental measures                                         -             -              -             -              -              -             -              -            40            14 
                                                     Provision for loss on disaster                                               -             -              -             -              -              -             -              -            17              -
                                                     Provision For Restructuring                                                29            13               -             -              -              -           233              -              -           47 
                                                     Provision for loss on purchase contract                                      -             -          3,183         2,656          2,671              -             -              -              -             -
                                                     Other                                                                  41,092         28,173         23,186        23,093         16,346         15,870        17,680         20,545         20,112        18,587 
                                                   Total current liabilities                                                120,795        99,297        117,298        113,200        79,153         93,032        93,248         95,241        83,308        102,337 
                                                   Noncurrent liabilities
                                                     Bonds payable                                                          50,000         50,000         45,000        34,400         34,400              -             -              -              -        15,000 
                                                     Long-term borrowings                                                   101,796       164,278        191,552       172,877        160,555        119,521       109,411         94,255        82,812         67,951 
                                                     Lease obligations                                                         514           953            981            931          1,787          1,521         1,767          2,028         3,671          3,754 
                                                     Deferred tax liabilities                                                5,993          7,338          6,409           457           268            298            220           204            247            248 
                                                     Provision for retirement benefits                                         969              -              -             -              -              -             -              -              -             -
                                                     Provision for retirement benefits for directors(and other officers)       214           207            226            231           143            143            224           239            201            194 
                                                     Provision for share awards                                                   -             -              -             -              -              -            48            86               -           33 
                                                     Provision for repairs                                                   2,687          2,747          3,458         3,691          2,829          1,594         1,546           944          1,340          1,181 
                                                     Provision for decommissioning and removal                                    -             -              -             -              -              -             -           529          1,028            874 
                                                     Allowance for loss on compensation for building materials               1,276           842            574            384           318            261            260           158            124            88 
                                                     Provision for environmental measures                                      156           131             91             85           287            253            222           196            137            118 
                                                     Provision for loss on purchase contract                                      -             -          6,250         2,716              -              -             -              -              -             -
                                                     Retirement benefit liability                                                 -         1,112          1,162         1,354          1,430          1,527         2,149          2,277         1,991          2,081 
                                                     Asset retirement obligations                                                5             5              5              6             6              5              6             6             56            57 
                                                     Other                                                                   9,969         12,946         12,071        10,799          7,275          7,197         7,047          6,848         6,613          6,370 
                                                   Total non-current liabilities                                            173,584       240,565        267,783       227,935        209,303        132,325       122,856        107,775        98,224         97,954 
                                                 Total liabilities                                                          294,380       339,862        385,082       341,136        288,457        225,357       216,104        203,017        181,533       200,292 
                                                 Net assets
                                                   Shareholders' equity
                                                     Capital stock                                                          53,458         53,458         53,458        53,458         10,000         10,000        10,000         10,000        10,000         10,000 
                                                     Capital surplus                                                        57,670         57,670         57,670        57,532         41,545         20,008        20,018         20,018        23,455         23,453 
                                                     Retained earnings                                                      99,058        107,155         39,286        (61,281)       72,511         90,752       121,901        137,665        157,332       180,534 
                                                     Treasury stock                                                          (1,414)       (1,428)        (1,434)        (1,439)       (1,446)        (1,472)       (1,823)        (1,809)         (349)          (414)
                                                   Total shareholders' equity                                               208,773       216,856        148,981        48,270        122,609        119,288       150,095        165,874        190,438       213,573 
                                                   Accumulated other comprehensive income
                                                     Valuation difference on available-for-sale securities                   7,566          8,369          5,829         (1,020)         319           1,352        (1,566)          332          3,274          3,587 
                                                     Deferred gains or losses on hedges                                      2,238           749            330           (526)          (274)         (151)           (61)          (35)           (19)            (8)
                                                     Foreign currency translation adjustment                                 (1,023)        2,710          4,196         2,362          1,528          2,093         1,672           703          2,165          4,849 
                                                     Remeasurements of defined benefit plans                                      -          982           3,239         2,386          2,833          3,074         2,640          1,986         2,702          2,505 
                                                   Total accumulated other comprehensive income                              8,781         12,811         13,596         3,202          4,406          6,368         2,685          2,986         8,122         10,932 
                                                   Non-controlling interests                                                 6,316          6,785          6,868         8,732          8,960         10,935        10,743         11,568         6,700          8,411 
                                                 Total net assets                                                           223,871       236,453        169,445        60,205        135,976        136,591       163,525        180,429        205,261       232,917 
                                                 Total liabilities and net assets                                           518,251       576,315        554,527       401,342        424,433        361,949       379,630        383,447        386,794       433,210 
                                                                                                              (Notes)
                                                                                                                    Effective from the beginning of the fiscal 2021, due to the application of Accounting Standard for Revenue Recognition, “Notes and accounts receivable – trade” which were 
                                                                                                                    included in “Current assets” in the consolidated balance sheets for the previous fiscal year, are divided into “Notes receivable – trade” and “accounts receivable – trade.
                                                                                                                    Data up to fiscal 2020 has NOT been adjusted to reflect this change.