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Investor Presentaiton

Factors Affecting the Change in Operating Income 40.0 0 35.0 (6.5) (0.5) 1.5 30.0 (1.0) (1.1) (0.8) 36.3 25.0 (Billion yen) 27.9 20.0 FY2018 1H Sales Volume Utilization Raw Materials and Selling Price, Foreign Product Mix Exchange Fuel (excl. Effect of Foreign Exchange) Depreciation Expenses and and Others Amortization FY2019 1H (incl. Amortization of Goodwill) FY2018 1H Domestic naphtha(JPY1,000/kl) USD (average) ¥48 ¥109 FY2019 1H ¥45 \110 EUR (average) \132 ¥124 Note: Because the temporary accounting treatment for the business combination with Calgon Carbon Corporation was determined at the end of fiscal 2018, the effect of said determination has been applied to the figures for the corresponding period of the previous fiscal year. kuraray 13
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