FY2022 Results and FY2023 Forecast

I . Financial Results for FY2022 Companywide Results Exceeding our plan, we achieved record highs in financial results. This was despite the challenging business environment that we faced of soaring market prices for raw materials, high logistics costs, and rising energy costs. To overcome these, we systematically executed measures for our key themes in fiscal year 2022. By quickly responding to changes in the management environment, including the COVID-19 lockdown in China, we worked to offset negative impacts to achieve results of higher revenue and profits. ✓ In the Air Conditioning business, both revenue and profits increased. In addition to sales expansion in the Americas and Asia, we also focused on sales activities in China following the subsiding of the COVID-19 pandemic. In Europe, sales of heat pump water heaters, which are in strong demand, also increased. ✓ In the Chemicals business, we captured steady demand in the semiconductor and automotive markets to increase both revenue and profits. FY2021 FY2022 Y/Y (billion yen) Results Forecast Results Sales 3,109.1 3,910.0 3,981.6 128% Operating Profit 316.4 372.0 377.0 119% (Percentage of Profit to net sales) (10.2%) (9.5%) (9.5%) Ordinary Profit 327.5 358.0 366.2 112% (Percentage of Profit to net sales) (10.5%) (9.2%) (9.2%) FX Effect (Y/Y) Profit Attributable to Owners of 217.7 235.0 257.8 118% Parent (Percentage of income to net sales) (7.0%) (6.0%) (6.5%) Sales Operating Profit +344 billion yen +34 billion yen USD/JPY ¥112 ¥135 Y/Y Results Excluding FX Effect EUR/JPY ¥131 ¥141 RMB/JPY ¥17.5 ¥19.8 Sales 117% Operating Profit 108% 3

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