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Financial Results of Fiscal Year Ended March 31, 2019

Operating Results

	Net Sales	Operating Profit	Ordinary Profit	Profit Attributable to Owners of Parent	Exchange Rate（USD/JPY）
2018/3	463.0	58.9	61.1	37.1	111
2019/3	464.9	51.2	53.4	35.3	111
Change	1.9	-7.8	-7.7	-1.8	-
Rate of Change	+0.4%	-13.2%	-12.5%	-4.8%	-

Although increased sales volume and higher sales price revisions in Organic chemicals segment and Plastics segment, sales revenue increased slightly and operating income decreased due to higher raw material and fuel prices, softening market conditions for acetate tow for cigarette filters, changes in the sales mix of inflators for automobile airbags, and increased R & D expenses.

Net sales by Segment

	Cellulosic Derivatives	Organic Chemicals	Plastics	Pyrotechnic Devices	Others	Total
2018/3	89.1	82.0	168.3	117.2	6.4	463.0
2019/3	83.2	89.5	175.9	107.9	8.4	464.9
Change	-5.8	7.5	7.6	-9.3	2	1.9
Rate of Change	-6.5%	+9.1%	+4.5%	-7.9%	+30.8%	+0.4%

Operating income by Segment

	Cellulosic Derivatives	Organic Chemicals	Plastics	Pyrotechnic Devices	Others	Corporate and Eliminations	Total
2018/3	19.4	7.9	23.3	22.2	0.8	-14.5	58.9
2019/3	16.0	14.4	20.6	15.6	0.6	-16.0	51.2
Change	-3.3	+6.5	-2.6	-6.6	-0.2	-1.5	-7.8
Rate of Change	-17.3%	+81.8%	-11.3%	-29.7%	-21.8%	-10.4%	-13.2%

Operating income by Segment

	Net Sales	Operating Profit	Ordinary Profit	Profit Attributable to Owners of Parent	Exchange Rate（USD/JPY）
2019/3 (Results)	464.9	51.2	53.4	35.3	111
2020/3 (Forecast)	461.0	43.0	45.0	26.5	110
Change	-3.9	-8.2	-8.4	-8.8	-
Rate of Change	-0.8%	-16.0%	-15.8%	-24.9%	-