#Denka

As of March 31, 2026, the voting rights ratio of The Master Trust Bank of Japan, Ltd. (Trust Account), a major shareholder, decreased from 10.81% to 7.54%, and GOLDMAN SACHS INTERNATIONAL's voting rights ratio also decreased from 10.60% to 5.62%.

The Company and its subsidiaries recorded gains on sale as extraordinary income of 11.1 billion yen (individual basis) and 12.6 billion yen (consolidated basis) from partial sales of investment securities held.

Denka Company Limited and its wholly owned subsidiary Flowers Co., Ltd. acquired 3,223,919 common shares of Kainos Corporation via a tender offer at a price of 2,285 yen per share, increasing their voting ownership ratio to 73.36% (Period: 2026-02-09 to 2026-03-25).

On March 9, 2026, Denka Company Limited decided to acquire 15,000 shares (15.0%) of Toyo Styrene Co., Ltd. held by Daicel Corporation, raising its ownership ratio from 50.0% to 65.0% and making it a consolidated subsidiary.

Denka Company Limited and its wholly owned subsidiary Flowers Co., Ltd. made a partial correction to the announcement regarding the commencement of the tender offer for Kainos Corporation on March 5, 2026.

Denka has formulated Phase 2 of its management plan for fiscal years 2026 to 2028, targeting operating income of 35 billion yen to 45 billion yen and ROE of 6.0% to 8.0%, aiming to balance growth strategies with financial discipline.

Denka announced its Phase 2 management plan for fiscal years 2026 to 2028 targeting operating income of 45 billion yen and ROE of 8.0%, promoting strategic investments and strengthening profitability.

Denka Company Limited has commenced consideration of a spin-off of its styrene-related business targeting April 2027, aiming to enhance business value and establish a nimble decision-making structure.

For the third quarter of the fiscal year ending March 2026, net sales were JPY 290.774 billion (3.6% decrease YoY), operating income was JPY 18.198 billion (54.0% increase YoY), and net income attributable to owners of the parent for the quarter was JPY 5.535 billion (114.7% increase YoY).

Operating income for the 3rd quarter of fiscal 2025 was 18.2 billion yen, up 6.4 billion yen year-over-year, and net income was 5.5 billion yen, up 3.0 billion yen year-over-year. Despite the impact of the DPE suspension of operations, overall profitability increased.

Promotions, new appointments, retirements of executive officers and organizational restructuring of the technical corporate division effective April 1, 2026.

Recorded a special loss of 14,203 million yen as business restructuring loss in the cumulative consolidated third quarter period of fiscal year ending March 2026.