JSR : (Summary) Consolidated Financial Results for the First Nine Months of the Fiscal Year Ending March 31, 2022

(Percentages indicate year-on-yearchanges.)

Translation

Notice: This document is an excerpt translation of the original Japanese document and is for reference purposes only. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Consolidated Financial Results for the First Nine Months of

the Fiscal Year Ending March 31, 2022

(under IFRS)

	January 31, 2022
Company name:	JSR Corporation
Listing:	Tokyo Stock Exchange
Securities code:	4185
URL:	https://www.jsr.co.jp/
Representative:	Eric Johnson, Representative Director, CEO
Inquiries:	Yoshiko Takeda, General Manager of Corporate Communications Department
TEL:	[phone]

Scheduled date to file quarterly securities report:	February 10, 2022
Scheduled date to commence dividend payments:	-
Preparation of supplementary material on quarterly financial results: Yes
Holding of financial results presentation meeting:	Yes (for institutional investors and
	analysts)

(Millions of yen with fractional amounts rounded, unless otherwise noted)

1. Consolidated financial results for the first nine months of the fiscal year ending March 31, 2022(from April 1, 2021 to December 31, 2021)

(1) Consolidated operating results

			Revenue	Core Operating profit		Operating profit		Profit
	Fiscal year ended		Millions of yen	%	Millions of yen	%	Millions of yen	%		Millions of yen	%
	December 31, 2021		256,594	14.7	42,289	45.0		42,101	58.5		37,411	454.3
	December 31, 2020		223,728	-	29,163	-		26,565	-		6,749	(69.0)
			Profit attributable to	Total comprehensive		Basic earnings		Diluted earnings
			owners of parent	income			per share		per share
	Fiscal year ended		Millions of yen	%	Millions of yen	%			Yen			Yen
	December 31, 2021		35,372	430.0	45,632	497.0			164.52			164.30
	December 31, 2020		6,674	(64.8)	7,643	(64.6)			31.07			31.02
Reference: Profit before tax		December 31, 2021 43,139 (79.7%)	December 31, 2020	24,012 (-)

Note: Core operating profit is calculated as operating profit excluding certain gains and expenses attributable to non- recurring factors.

Note: The group has classified the Elastomers business as discontinued operations from the First Quarter of FY ending March 2022. In the condensed quarterly consolidated financial statements, the group has presented profit or loss from discontinued operations separately from continuing operations, and revenue, core operating profit, operating profit and profit before tax are presented for the amount of continuing operations. As the amounts for the Third Quarter of FY ended March 2021 have also been adjusted to reflect this change, the percent change from the previous year's result is not presented.

(2) Consolidated financial position

				Ratio of equity	Equity attributable
			Equity attributable	attributable to
	Total assets	Total equity	to owners of parent
	to owners of parent	owners of parent to
				total assets	per share
As of	Millions of yen	Millions of yen	Millions of yen	%	Yen
December 31, 2021	761,262	401,849	364,275	47.9	1,693.67
March 31, 2021	672,773	370,736	333,995	49.6	1,554.17

2. Cash dividends

		Annual dividends per share
	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
	Yen	Yen	Yen	Yen	Yen
Fiscal year ended	-	30.00	-	30.00	60.00
March 31, 2021
Fiscal year ending	-	35.00	-
March 31, 2022
Fiscal year ending
March 31, 2022				35.00	70.00
(Forecast)
Note: Revisions to the forecast of cash dividends most recently announced: None

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)

(Percentages indicate year-on-year changes.)

Core Operating

Profit

Basic

Revenue

Operating profit

Profit

attributable to

earnings

profit

owners of parent

per share

Millions

%

Millions

%

Millions

%

Millions

%

Millions

%

Yen

of yen

of yen

of yen

of yen

of yen

Fiscal year ending

346,500

11.1

52,500

38.5

52,300

52.8

39,000

-

35,500

-

165.06

March 31, 2022

Reference: Profit before tax

Fiscal year ending March 31, 2022

51,800

Note: Revisions to the earnings forecasts most recently announced: None

Note: Core operating profit is calculated as operating profit excluding certain gains and expenses attributable to non- recurring factors.

Note: The group has classified the Elastomers business as discontinued operations from the First Quarter of FY ending March 2022. In the "Consolidated earnings forecasts for the fiscal year ending March 31, 2022" and FY ended March 2021, the group has presented profit or loss from discontinued operations separately from continuing operations, and revenue, core operating profit, operating profit and profit before tax are presented for the amount of continuing operations. The amounts of FY ended March 2021 are before audit.

• Notes

1. Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): Yes
   New: 1 (Company Name: Inpria Corporation)
2. Changes in accounting policies and changes in accounting estimates
3. 1. Changes in accounting policies required by IFRS: None
   2. Changes in accounting policies due to other reasons: None
   3. Changes in accounting estimates: None
4. Number of issued shares (ordinary shares)
5. 1. Total number of issued shares at the end of the period (including treasury shares)

As of December 31, 2021	226,126,145 shares
As of March 31, 2021	226,126,145 shares

b. Number of treasury shares at the end of the period

As of December 31, 2021	11,045,571 shares
As of March 31, 2021	11,223,335 shares

c. Average number of shares during the period

For the nine months ended December 31, 2021	214,997,323 shares
For the nine months ended December 31, 2020	214,815,861 shares

• Quarterly financial results reports are not required to be subjected to quarterly reviews.
• Proper use of earnings forecasts, and other special matters

Caution regarding forward-looking statements

The forward-looking statements, including earnings forecasts, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable by the Company. These statements do not purport that the Company pledges to realize such statements.

Actual business and other results may differ substantially due to various factors.

How to obtain supplementary material on financial results

The material on financial results is available on the Company's website on Monday, January 31, 2022.