Toyo Ink SC Holdings Co., Ltd FY2020 Results Briefing

Copyright © TOYO INK SC HOLDINGS CO., LTD. All Rights Reserved.

FY2020 Results Briefing


Toyo Ink SC Holdings Co., Ltd.February 18, 2021

Contents1. FY2020 Summary of Consolidated Business Performance2. The SIC-II Medium-Term Management Plan

2-1. Basic Policy (i) - Improve the profitability of businesses2-2. Basic Policy (ii) - Create more priority areas of development2-3. Basic Policy (iii) - Enhance the value of management resources for

sustainable growth2-4. Cash Flow Policy2-5. Numerical Targets in SIC-II2-6. Priority Measures for FY2021

[Reference] Overviews of Balance Sheet and Profit & Loss StatementPerformance by Region and by Segment

The forecast or projections in this presentation are based on the assumptions and beliefs of ourmanagement in light of the information available as of February 18, 2021. Changes in global,economic and business conditions could cause actual results to differ materially from theseforecasts. All amounts are rounded to the nearest 100 million yen.

FY2020 Results BriefingCopyright © TOYO INK SC HOLDINGS CO., LTD. All Rights Reserved.1

(Unit: 1 billion yen)

Assumed indexes for targets

1. FY2020 Summary of Consolidated Business Performance and FY2021 Targets

1 USD

1 EUR

1 RMB

Exchange rate

¥110.0 ¥106.4 ¥105

2019 avg. 2020 avg. 2021 projections

¥124.1 ¥122.0 ¥125

¥16.2 ¥15.4 ¥15

Naphtha (/KL)

Rosin (/t)

¥43,300 ¥32,800 ¥40,000

2019 avg. 2020 avg. 2021 projections

$1,634 $1,795 $1,800Raw

material

FY2019 FY2020 Increase/ decrease (%)

Revised targets for FY2020

Full year targets for FY2021

Net sales 279.9 257.7 -7.9 260.0 270.0

Operating profit 13.2 12.9 -2.0 12.0 14.0

Ordinary profit 13.8 12.5 -9.4 11.5 14.0

Profit attributable to owners of parent 8.5 6.0 -29.3 6.0 7.5

Operating margin 4.7% 5.0% 0.3 points 5.2%

Overseas sales ratio 46.0% 46.4% 0.4 points 47.0%


Decrease in both sales and profit: Quantity fell significantly, reflecting the stagnation of consumption activities due to the COVID-19 pandemic.

Recovery trend: Operating profit recovered mainly overseas after bottoming out in the second quarter.

Sales of inks for the publishing and commercial printing markets, and plastic colorants for OA equipment and automobiles decreased.

Sales of electronics-related materials such as those for 5G applications and displays grew.

Consolidation and integration of unprofitable facilities (Japan and overseas)Posted 1.7 billion yen as a loss

0.0

20.0

40.0

60.0

80.0

0.0

1.0

2.0

3.0

4.0

5.0Quarterly changes in net sales Quarterly changes in operating profit

Billion yen Billion yen

‘19 ‘20Q1

‘19 ‘20 ‘19 ‘20 ‘19 ‘20Q2 Q3 Q4

‘19 ‘20Q1

‘19 ‘20 ‘19 ‘20 ‘19 ‘20Q2 Q3 Q4

Japan

Overseas

1. FY2020 Summary of Consolidated Business Performance and Changes from Previous Year


Prices of raw materials made in China remained high, reflecting the in-house production of raw materials and the effects of improvements in supply chain management against the backdrop of tightened environmental regulations

Raw material prices

Effects of the price revisions implemented in FY2019 (offset inks, etc.).

Price revision

FY2019Fall in

quantity sold

-6.0


Cost reductions due to structural reform.Decrease in expenses due to the fall in quantity sold.

Fixed costs

+0.6Price revision

Exchange rate fluctuation

-0.5

+3.7

Reduction of fixed costs

+1.7

Raw material prices

FY2020

-1.0

Fall in sales prices

Materials for displays (sales mix change due to increased sales in China)

Fall in sales prices

Fall in quantity sold

Demand for many products, such as offset inks and printing materials/equipment, sharply decreased due to the COVID-19 pandemic.

+1.2

Increased sales of high added value

products

Increased sales of eco-friendly products and materials for sensor and functional films.

Increased sales of high added value products

12.9 billion yen

13.2 billion yen

1. FY2020 Analysis of Factors Behind YoY Difference in Operating Profit



Colorants & Functional Materials: Materials for displays remained strong, but commodity-type pigments and plastic colorants struggled.Polymers and Coatings: Demand for packaging material was stable and demand for electronics grew, mainly for 5G applications.Packaging Materials: For materials for food packaging, demand remained stable and sales grew mainly overseas.Printing and Information: Secured profit through structural reforms such as organizational downsizing.

1. FY2020 Summary of Performance by Segment

FY2019 FY2020 Increase/ decrease (%) Targets for FY2021

Net sales Operating profit Net sales Operating

profit Net sales Operating profit Net sales Operating

profitColorants and

Functional Materials 67.4 3.4 61.6 2.6 -8.5 -22.9 67.5 3.0

Polymers and Coatings 65.9 6.0 62.3 5.9 -5.4 -1.3 66.5 6.5

Packaging Materials 68.1 3.1 66.6 3.9 -2.2 27.1 71.5 4.0

Printing and Information 76.7 0.3 65.6 0.2 -14.5 -21.2 64.5 1.0

Others, Adjustment 1.9 0.4 1.5 0.2 - - 0.0 -0.5

Consolidated 279.9 13.2 257.7 12.9 -7.9 -2.0 270.0 14.0

FY2020 Results BriefingCopyright © TOYO INK SC HOLDINGS CO., LTD. All Rights Reserved.

Packaging and industrial materials

Sales of adhesives, including pressure sensitive adhesives, for food packaging and labels were strong.

Electronics Sales of functional films for 5G-based applications grew sharply, partly reflecting strong sales for tablets due to a rise in demand for remote work equipment.

Medical and health care

Demand for pressure sensitive adhesives declined due to the COVID-19 pandemic, despite progress on sales expansion in China.

Pigments Demand for offset inks remained weak due to the COVID-19 pandemic.Materials for displays Progress was made in sales expansion in the Chinese/Taiwanese markets.

Plastic colorants Inbound demand and demand for beverages and automobiles decreased.

Functional dispersions Acquired commercial rights to in-vehicle lithium-ion battery materials for Europe and the United States.

5


Colorants and Functional Materials


Polymers and Coatings

18.0 17.9 -0.9 18.5

Key Product Sales Targets Results for FY2019 Results for FY2020 Increase/ decrease (%)

Targets for FY2021

Materials for displays

Key Product Sales Targets

Electronics-related products 12.6 13.1 3.9 14.0

Results for FY2019 Results for FY2020 Increase/ decrease (%)

Targets for FY2021

1. FY2020 Summary of Performance by Segment(Colorants and Functional Materials/Polymers and Coatings)


Flexible packaging materials

Construction materials

Sales of inks for flexible food packaging materials remained strong both in Japan and overseas, partly reflecting an increase in sales of biomass inks.

Construction and renovation demand decreased due to the COVID-19 pandemic.

Packaging Materials

Printing and Information

Offset inks Facilitated structural reforms such as the formation of alliances in production in response to the accelerating contraction of demand for printing.

Functional Inks* UV curable inks: Sales grew for packaging materials with respect to biomass and antibacterial products in the UV curable ink product lines.

* Functional inks: UV curable inks, metal decorating inks, inkjet inks and screen inks* Segment changes: Effective FY2021, inkjet inks are classified as products of the Colorants and Functional Materials Business

instead of the Printing and Information Business.

1. FY2020 Summary of Performance by Segment(Packaging Materials/Printing and Information)



27.5 29.3 6.4 31.5

Key Product Sales Targets Results for FY2019 Results for FY2020 Increase/ decrease (%)

Targets for FY2021

Overseas liquid inks

Key Product Sales Targets

Functional Inks 31.9 28.7 -10.0 28.0

Results for FY2019 Results for FY2020 Increase/ decrease (%)

Targets for FY2021


Important changesin the market environment

Surge in prices of raw materials from China due to the tightening of environmental regulations (photopolymerization initiators and pigment intermediates).

Sharp rise in naphtha prices

COVID-19 pandemicChanges in the market structure (printing and displays)

202020192018

• The Polymers and Coatings and Packaging Materials Businesses now accountfor a larger share of total profit.

• Allocated resources to new businesses.• Promoted eco-friendly products.• Facilitated expansion into the overseas business area.

• Further expedite structural reforms.• Create pillars that support new products and businesses.• Take measures to address quick changes in the market structure due to the

COVID-19 pandemic.

2. The SIC-II Medium-Term Management Plan (2021-2023)

Review of the previous SIC-I Medium-Term Management Plan (2018-2020)• Failed to meet the performance targets

Results

Achievements

Issues


Impact of COVID-19• FY2021: Economy will be on a gradual recovery trend.• Economic recovery to the pre-COVID-19 level will

occur in FY2022 or thereafter.• Overseas markets will recover quickly.Outlook by

the CompanyFuture growth areas

2. SIC-II Medium-Term Management Plan Awareness of External Business Environments

Economic slump

Changes in the market and business environments

Change the adverse situation into an opportunity for transformation.

Green

Digital

Health


2. SIC-II Medium-Term Management Plan - Goal

SIC-IISIC-II

Create and expand priority development

domains

Strengthen the profitability of

businesses

Enhance the value of management resources for sustainable growth

(change of the corporate structure)

Key words on new demand

GreenGreen

HealthHealth

DigitalDigitalCommunication

A company that contributes to a new era through the enrichment of life and culture

Sustainability

SIC-I

2020

Net sales257.7

billion yen

Operating profit12.9

billion yen

FY2023 Numerical

targets

Net sales300.0

billion yen

Operating profit

22.0 billion yen

SustSustSust

LifeLifeLifeCommCommCommLife

Human resourcesHuman resources

DXDX

EnvironmentEnvironment

Strategic establishment of highlyprofitable businesses


Realignment, change and withdrawal of low-profit businesses


GovernanceGovernance


■ Plastic colorantsRationalize the number of bases and increase sales of high value-added products Operating

profitNet sales

2020 2023

61.6 billion yen

2.6 billion yen

81.5 billion yen

6.9 billion yen

■ EV Promote lithium-ion battery-related materials

Global expansion of the adhesives business and business expansion into growth markets with new polymers.

Establish the main source of revenue in the growth market.Colorants and Functional Materials

■ Digital Increase the market share of resist inks for FPD in China. Resist and inkjet inks for image sensors.

2020 2023

62.3 billion yen

5.9 billion yen

75.5 billion yen

8.5 billion yen

■ 5G/IoT Establish position in the 5G market and enter the semiconductor market

■ Packaging and Industrial MaterialsPromote overseas expansion by increasing production capacity and expanding environmentally friendly products

■ Medical and Health CareExpansion and development of related product lines.


2-1. Basic Policy (i) –Measures to strengthen segments' profitability

Operating profitNet sales


■ Make investments intensively in overseas growth markets, such as China, India, Turkey and Southeast Asia

■ Increase sales of functional inks for packaging applications such as paper containers and use in the industrial field*

■ Facilitate the launch of the color communications business

* Segment changes: Effective FY2021, inkjet inks are classified as products of the Colorants and Functional Materials Business instead of the Printing and Information Business.

2020 2023

66.6 billion yen

3.9 billion yen

80.0 billion yen

5.6 billion yen

2020 2023

65.6 billion yen

0.2 billion yen

64.5 billion yen

1.3 billion yen

Take the lead in eco-friendly initiatives and achieve growth and expansion especially in the Asian marketPackaging Materials

■ Facilitate the launch of the packaging materials recycling business

2-1. Basic Policy (i) –Measures to strengthen segments' profitability

Printing and Information Move forward with evolution into a profitable business structure that adapts to market conditions.





Sustainable scienceSustainable science

Materials for lithium-ion batteries

Communication scienceCommunication science

Life scienceLife science HealthHealth

DigitalDigital

GreenGreen

Biomass and recycling

20204.5 billion yen

20237.5 billion yen

Sales target

Optical control materials Low dielectric materials and functional films

Patch-type pharmaceuticals Inkjet inks

Eco-conscious packages

EVNew energy

IoT and sensors 5G and semiconductors

Medical Digital printing

Enrich people's lives and improve their health

Contribute to 5G and IoT-based society with key materials

Contribute to creating a sustainable society

12

SustSustSust

LifeLifeLife

CommCommComm

2-2. Basic Policy (ii) –Create and expand priority development domains

20205.4 billion yen

202313.0 billion yen

Sales target



Sales target



Strengthen R&D systems in priority development areas

Establish new research laboratories that will be operated by companies responsible for respective segments.

• Departments dedicated to producing development strategies on a mid-term basis

• Acceleration of the creations of new products and businesses.

Medium-term development themes

(2 to 5 years)

Research laboratory for functional materials

development

HoldingsR&D laboratories

Production technology research laboratory

Long-term development themes (Future)

To beestablished

13

Advanced materials research laboratory


Polymer materials research laboratoryPolymers and Coatings

Packaging Materials


2-2. Basic Policy (ii) – Create and expand priority development domains (Technology development)



Investment ratios by segment(SIC II)

14

Intensive investments in growth markets Investments totaling 40.0 billion yen are projected in SIC-II.

Moriyama (Pharmaceuticals)Kawagoe (New polymer syntheses)

United States, China and India (Adhesives)

Approx. 30.0 billion yenPolymers and Coatings

■ Main investments in SIC-II and SIC-III

Turkey, India, China and Indonesia

Approx. 40.0 billion yenPackaging Materials

Japan, China, Unite States and Europe (EV-related materials)

Approx. 20.0 billion yenColorants and Functional Materials

2-2. Basic Policy (ii) –Create and expand priority development domains (Investment plan)


OthersPrinting and Information

Packaging Materials




Reform of workstyles and personnel systems

Strengthen performance-linked evaluation systems.

Declare active participation by women(Ratio of female managers in Japan: 4% in 2020 to 8% in 2023)

Increase employment opportunities on a full-year basis.

Maintain the proper size and deploymentof the Group's employees.

Remote offices(Creation of innovations and reform of office operations)

15

2-3. Basic Policy (iii) - Enhance the value of management resources for sustainable growth (change of the corporate structure)



Advancement of DX

Transformation of the governance system

Enhance the independence of directors and auditors.

Key management issues for sustainable growth

Sales Digital marketingEstablishment of new business models

Production Smart factoriesIoT-based process innovation

16

Adopt a transparency-oriented and performance-linked remuneration system.

Reduce cross-shareholdings.

Strengthen risk management.

2-3. Basic Policy (iii) - Enhance the value of management resources for sustainable growth (change of the corporate structure)

Technology development

Materials informaticsEfforts to move development forward at a faster rate

Management Promotion of RPATraining to facilitate DX



Promotion of environmental management

17

Develop and increase eco-conscious products.

CO2reduction

VOC countermeasures

Energy saving

Food loss reduction

Recycling of waste plastics

Twelve SDGs closely related to the Company's business activities

SDGs

Social issues

• High sensitivity UV curing• Electric beam (EB) curing

• Making materials water-based

• Making materials solvent-free• Biomass

• Maintenance of freshness• Supply of inks for retort

packaging

• Biodegradation• Recycling system

Contribute to creating a sustainable society by providing products and services with a

reduced environmental footprint.

Reduction of CO2 emissions

2050: Efforts in CO2 reductions will be made for carbon neutrality.

Continuation of energy-saving

activities

Energy Conservation Grand PrizeChairman Prize of ECCJ (2020: Kawagoe Factory)

Initiatives for the climate change issue

2-3. Basic Policy (iii) - Enhance the value of managementresources for sustainable growth (change of the corporate structure)



Investment in plant, equipment and technologyInvestment in human resourcesM&A

Proactive investmentsfor growth

Continuation of stable dividend paymentsStock repurchase of 5 billion yen in February 2021

Shareholder returns

Net worth ratioSecuring liquidity on hand

Financial soundness

Placing emphasis on maintaining a balance between financial soundness, investment and shareholder returns.

18

2-4. SIC-II Medium-Term Management Plan - Cash flow policy

* The annual dividends shown in the graph are amounts calculated taken into consideration the reverse stock split implemented on July 1, 2018.

(Forecast)

Payout ratio (consolidated)

Annual dividend (yen)

80.085.0

90.0 90.0 90.0 45.0% 41.9%

61.8%87.3%

70.1%

2017 2018 2019 2020 2021

■ Changes in the amounts of annual dividends*


Net sales 300.0 billion yenOperating profit 22.0 billion yenOperating margin 7% or moreROE 7% or more

SIC-II Medium-Term Management Plan

Targets

Results for FY2020

Net sales Operating profit

Targets for FY2023




Packaging Materials


Others, Adjustment

Consolidated

61.6 2.6 81.5 6.9

62.3 5.9 75.5 8.5

66.6 3.9 80.0 5.6

65.6 0.2 64.5 1.3

1.5 0.2 -1.5 -0.3

257.7 12.9 300.0 22.0


2-5. SIC-II Medium-Term Management Plan - Numerical targets


EV-related materials Accelerate the expansion of business in both Japan and overseas.

Sensor-related materials Accelerate the expansion of resist inks and ancillary materials.

Inkjet inks Advance differentiating products by leveraging the fusion of technologies created through the integration of ink and pigment businesses.

Packaging and industrial materials Enhance highly functional eco-conscious product lines by leveraging the fusion of adhesive technologies.

Electronics Solve market issues by enhancing 5G- and semiconductor-related product lines.

Flexible packaging materials Develop new eco-conscious products for the recycling of packaging materialsAccelerate overseas development.

Offset inks Enhance efforts to rationalize the entire process of production, logistics and sales.

Functional inksUV curable inks: Promote eco-friendly product lines for packaging materials such as paper containers, globally.

2-6. FY2021 Priority Measures by SegmentColorants and Functional

Materials


Packaging Materials


Make aggressive measures to establish the main source of revenue.

Expand environmentally friendly products and focus on the 5G market.

Promotion of environmental solutions.

Accelerate transformation into a profitable business structure.


SIC-IISIC-II

Create and expand priority development

domains

Strengthen the profitability of

businesses

Enhance the value of management resources for sustainable growth

(change of the corporate structure)

Key words on new demand

GreenGreen

HealthHealth

DigitalDigitalCommunication

A company that contributes to a new era through the enrichment of life and culture

Sustainability

SIC-I

2020

Net sales257.7

billion yen

Operating profit12.9

billion yen

FY2023 Numerical

targets

Net sales300.0

billion yen

Operating profit

22.0 billion yen

SustSustSust

LifeLifeLifeCommCommCommLife

Human resourcesHuman resources

DXDX

EnvironmentEnvironment





GovernanceGovernance

SIC-II Medium-Term Management Plan - Overall summary



Consolidated subsidiaries

Equity method companies

62

7

As of December 31, 2019

63

7


Number of affiliated companies

* Capital investment: Results shows the amount on an acceptance inspection basis, while the targets shows the amount on an order-placing basis.Enhanced cash on hand by a new borrowing as a countermeasure against the

COVID-19 pandemic.

Capital investment

Depreciation

Results for FY2020

14.5

10.0

Full year targets for FY2021

Investment in facilities and depreciation expenses (Unit: 1 billion yen)

13.9

9.2

45.0 45.0Interim

FY2019 FY2020

Year-end

Dividend payment (Unit: Yen/share)

45.0 45.0 (Forecast)

(Reference) Consolidated Balance Sheet



Increase/ decrease (%)

Current assets 200.0 214.1 7.1

Non-current assets 176.2 166.1 -5.7

Total assets 376.1 380.2 1.1

Current liabilities 106.7 91.4 -14.4

Non-current liabilities 42.5 71.5 68.3

Total liabilities 149.2 162.9 9.2

Total net assets 226.9 217.3 -4.2

Total of liabilities and net assets 376.1 380.2 1.1



Interest-bearing debt (1 billion yen) 59.5 81.4

Net worth ratio (%) 58.3 55.2

D/E ratio 0.29 0.39


(Reference) Consolidated statement of income and special notes

279.960.347.213.22.01.3

13.82.13.6

12.33.48.98.5

100.0

21.6

16.8

4.7

0.7

0.5

4.9

0.7

1.3

4.4

1.2

3.2

3.0

257.757.244.312.92.02.4

12.50.12.6

10.03.56.56.0

-7.9

-5.2

-6.1

-2.0

2.4

84.2

-9.4

-95.6

-27.4

-18.7

3.2

-27.1

-29.3

100.0

22.2

17.2

5.0

0.8

0.9

4.9

0.0

1.0

3.9

1.4

2.5

2.3

FY2019

Net sales

Gross profit

Total selling, general and administrative expenses

Operating profit

Total non-operating income

Total non-operating expenses

Ordinary profit

Total extraordinary income

Total extraordinary losses

Profit before income taxes

Total income taxes

Profit

Profit attributable to owners of parent

Ratio tonet sales

(%)

FY2020 Increase/decrease (%)

Ratio tonet sales

(%)


*1. Non-operating expenses: Foreign exchange losses increased.*2. Extraordinary income: Gain on sales of investment securities was posted as extraordinary income in the previous year.*3. Extraordinary losses: Include expenses for the consolidation of unprofitable bases in both Japan and overseas, and loss on remittance fraud at U.S. subsidiary.

*1

*2

*3


(Note) The segment performance for Japan and overseas does not take into account eliminations between regions.

Others

Adjustment

Consolidated

Packaging Materials

Packaging Materials

JapanJapan

OverseasOverseas

TotalTotal

Printing and InformationPrinting and Information





JapanJapan

OverseasOverseas

TotalTotal

JapanJapan

OverseasOverseas

TotalTotal

JapanJapan

OverseasOverseas

TotalTotal

FY20204th Quarter(1 billion yen)


Increase/decrease (%)

Quarter on Quarter



Year on Year


FY2020Total Results(1 billion yen)



Year on Year


9.79.7 0.50.5

11.311.3 0.40.4

17.317.3 0.90.9

12.312.3 1.21.2

7.27.2 0.60.6

16.716.7 1.81.8

9.99.9 0.50.5

7.87.8 0.60.6

17.417.4 1.21.2

10.310.3 -0.0-0.0

9.09.0 0.60.6

18.418.4 0.60.6

1.61.6 0.00.0

-1.2-1.2 -0.0-0.0

70.370.3 4.54.5

5.75.7 -26.8-26.8

8.08.0 --

6.46.4 35.135.1

-2.2-2.2 4.34.3

8.88.8 18.018.0

-0.1-0.1 11.511.5

-3.7-3.7 -12.3-12.3

3.13.1 41.341.3

-0.9-0.9 11.711.7

-10.9-10.9 --

-0.6-0.6 353.3353.3

-5.1-5.1 229.6229.6

-13.3-13.3 -91.0-91.0

-- --

-0.3-0.3 21.621.6

14.514.5 236.9236.9

11.211.2 470.1470.1

11.411.4 110.3110.3

10.510.5 19.719.7

5.95.9 3.23.2

6.86.8 10.610.6

6.86.8 84.984.9

7.97.9 18.018.0

7.07.0 44.144.1

16.616.6 --

11.611.6 94.994.9

12.412.4 --

18.118.1 -81.3-81.3

-- --

9.69.6 55.055.0

35.735.7 1.71.7

40.240.2 0.80.8

61.661.6 2.62.6

46.046.0 3.63.6

25.225.2 2.22.2

62.362.3 5.95.9

38.638.6 1.71.7

29.029.0 2.22.2

66.666.6 3.93.9

37.837.8 -0.9-0.9

31.031.0 1.11.1

65.665.6 0.20.2

6.26.2 0.20.2

-4.7-4.7 -0.0-0.0

257.7257.7 12.912.9

-3.9-3.9 -32.0-32.0

-8.5-8.5 -1.9-1.9

-8.5-8.5 -22.9-22.9

-5.7-5.7 -3.7-3.7

-4.9-4.9 1.31.3

-5.4-5.4 -1.3-1.3

-4.7-4.7 3.13.1

1.61.6 58.158.1

-2.2-2.2 27.127.1

-16.8-16.8 --

-13.5-13.5 41.641.6

-14.5-14.5 -21.2-21.2

-14.6-14.6 -44.6-44.6

-- --

-7.9-7.9 -2.0-2.0

(Reference) Performance by Segment


Asia

Europe

The Americas

Adjustment

Consolidated

Japan


1st Quarter 3rd Quarter 4th Quarter Total

Net sales

2nd QuarterOperating


profit Net sales Operating profit

(Note) FY2019(1 billion yen)

Asia

Europe

The Americas

Adjustment

Consolidated

Japan


FY20204th Quarter(1 billion yen)


Quarter on Quarter

FY2020Total Results(1 billion yen)

Net sales


Year on Year

Operating profit Net sales Operating


profit


Year on YearFY2020

43.0 1.5

25.2 1.3

5.3 -0.0

3.5 -0.1

-7.9 0.1

69.1 2.8

43.9 1.9

25.4 1.6

4.8 -0.1

3.5 -0.1

-7.5 0.1

70.1 3.4

44.6 2.7

25.3 1.4

4.9 -0.2

3.4 -0.1

-7.8 -0.1

70.4 3.7

175.5 7.8

101.2 5.7

19.8 -0.2

14.0 -0.2

-30.6 0.1

279.9 13.2

43.9 1.7

25.3 1.5

4.8 0.1

3.7 0.0

-7.5 0.0

70.3 3.3

43.2 2.3

26.5 1.7

5.1 0.4

3.5 0.1

-8.0 -0.1

70.3 4.5

12.4 108.2

7.7 14.2

20.3 2387.9

8.1 465.9

- -

9.6 55.0

-3.2 -14.1

4.8 23.9

3.3 -

4.8 -

- -

-0.3 21.6

161.8 6.4

94.5 5.9

18.0 0.5

12.7 -0.1

-29.3 0.1

257.7 12.9

-7.8 -17.3

-6.6 3.5

-9.5 -

-9.2 -

- -

-7.9 -2.0

(Reference) Performance by Region

Documents

Toyo Ink SC Holdings Co., Ltd FY2020 Results Briefing