Investor Presentaiton

Balance Sheet [2]: Liabilities and Net Assets (Billion yen) Dec. 31, 2019 Dec. 31, 2018 Difference Current Liabilities 201.7 144.8 56.9 Noncurrent 250.9 235.3 15.7 Liabilities Total Liabilities 452.6 380.1 72.5 Net Assets 538.5 567.0 (28.5) Total Liabilities 991.1 947.1 44.1 and Net Assets Equity Ratio 53.0% 58.6% (5.7%) Reference: Exchange rates at end of period Dec. 31, 2019 Dec. 31, 2018 JPY/USD JPY/EUR 110 123 111 127 kuraray Note: Kuraray has adopted the Partial Amendments to Accounting Standard for Tax Effect Accounting. The figures of previous fiscal years have been retroactively adjusted to reflect the change. 19

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