Consolidated Results for the Fiscal Year Ending March 31, 2018

Consolidated Results for the Fiscal Year Ending March 31, 2018 April 24,2018 0 Hitachi Chemical Co., Ltd. 2011. All Rights Reserved.

Contents 1.FY2017 Consolidated Results 2.FY2018 Consolidated Forecasts Hitachi Chemical Co., Ltd. 2018. All rights reserved.

Results ROIC ROE Item Operating Income Operating Income ratio 9.6% 12.3% 11.0% FT17 554.1 669.2 Adjusted Operating Income ratio 9.8% 8.5% Adjusted Operating Income 54.0 56.7 6.9% 53.2 46.2 7.0 Income before Income Taxes 54.4 48.9 Net Income 40.2 36.3 Attributable to owners of the parent 7.7% 9.4% VS. (Billion yen) 121% 100% 5.5 3.6 3.9 3.7-4.6% -1.6% (Note) "Adjusted Operating Income" is presented as revenues less cost of sales as selling, general and administrative expenses. 2.7 "ROIC" is the ratio of operating Income after tax for the fixed assets and working capital. Based on a comparison of publication in January 115.1 0.8 2.3 2.8 Calculated by converting operating income after tax to annual basis for newly consolidated co. 2

Explanation of Deviation 554.1 Billion yen 6.8 Foreign Exchanges +115.1 Billion yen 108.3 669.2 Business scale expansion,etc Functional Advanced Components and Systems 3 273.0 281.1 3.8 Foreign Exchanges 3.0 Foreign Exchanges 20.2 297.0 Business scale expansion,etc +24.0 Billion yen 88.1 372.2 Business scale expansion,etc +91.1 Billion yen

by Functional (1) Functional Electronics 297.0 Billion yen 109 % 96.0 105% Epoxy Molding Compounds 106% Die Bonding 87% CMP Slurry 122% Inorganic 30.6 125% Carbon Anode for LiB 135% Polymer Science 62.2 106% Anisotropic Conductive Films 105% Printed Wiring Board vs. 83.3 118% Copper-Clad Laminates 117% Photosensitive Dry Films 118% 4

by Functional (2) vs./4q benchmark 130 120 110 100 Polymer Science Printed Wiring Board 90 80 Inorganic Electronics 70 16/1Q 16/2Q 16/3Q 16/4Q 17/1Q 17/2Q 17/3Q 17/4Q Total 94% 101% 107% 100% 105% 115% 115% 102% 5

by Advanced Components and Systems (1) vs. Advanced Components and Systems 372.2 billion yen 132 % Automotive Products 141.6 114% Plastic Molded Products 120% Friction 119% Powder Metal Products 107% 176.0 152% Automobile Batteries 184% Energy Storage Devices and Systems Industrial Batteries 136% Electronic Components 42.2 117% 6

by Advanced Components and Systems (2) vs./4q benchmark 120 110 100 Automotive Products 90 80 70 60 Energy Storage Devices and Systems Electronic Components 50 16/1Q 16/2Q 16/3Q 16/4Q 17/1Q 17/2Q 17/3Q 17/4Q Total 71% 75% 83% 100% 95% 105% 117% 120% 7

Explanation of Operating Income Deviation (1) 53.2 Billion yen 29.1 28.9 9.7 46.2 Operating Income Fixed Costs 9.7 2.1 0.7 Product mix & etc. Sales Prices 1.3 Foreign Exchanges 14.1 Cost Reductions Sales Volumes Other Income/expenses Operating Income 7.0 billion yen 8

Explanation of Operating Income Deviation (2) (Billion yen) Fixed Costs Product mix & etc. Sales Prices Foreign Exchanges Cost Reductions Sales Volumes Other Income/ expenses Functional 44.3 5.7 2.1 0.0 5.2 0.8 7.5 9.5 2.3 46.8 Advanced Components and Systems 8.9 23.4 7.6 2.1 4.5 0.5 6.6 19.4 7.4 0.6 計 53.2 29.1 9.7 2.1 0.7 1.3 14.1 28.9 9.7 46.2 9

Consolidated Financial Position and Cash Flows C / F Total assets 609.2 701.2 92.0 Trade receivables and Inventories Property, plant, equipment and intangible assets Item Mar-17 Mar-18 198.7 241.9 43.2 220.3 286.7 66.4 Total liabilities 227.7 292.1 64.4 Trade payables 80.9 85.3 4.4 Interest-bearing debt 47.4 99.0 51.6 Owner of the parent 375.0 400.4 25.4 Non-contolling interests 6.4 8.7 2.3 Ratio of equity attributable to owners of the parent to total assets (Billion yen) Increase/ Decrease 61.6% 57.1% -4.5% D/E ratio(times) 0.13 0.25 0.12 Cash flows from Operating activities 60.8 34.9 25.9 Cash flows from Investting activities 34.6 87.8 53.2 Free Cash flows 26.2 52.9 79.1 10

Forecasts Item (Billion Yen) VS. 669.2 710.0 40.8 106% Adjusted Operating Income ratio 8.5% 9.2% Adjusted Operating Income 56.7 65.0 Operating Income ratio 6.9% 8.3% Operating Income 46.2 Income before Income Taxes 48.9 62.0 Net Income 36.3 46.0 Attributable to owners of the parent ROIC ROE 7.7 % 9.4 % 59.0 8.3 12.8 13.1 9.7 11

Explanation of Deviation (Forecasts) 669.2 16.5 Billion yen Foreign Exchanges +40.8 Billion yen 57.3 710.0 Business scale expansion,etc +18.0 Billion yen +32.8 Billion yen 12 Functional Advanced Components and Systems 297.0 9.1 372.2 7.4 Foreign Exchanges Foreign Exchanges 27.1 315.0 Business scale expansion,etc 40.2 405.0 Business scale expansion,etc

Explanation of Operating Income Deviation (Forecasts) Billion yen 46.2 19.5 Operating Income Fixed Costs 7.5 3.0 Foreign Exchanges 0.5 13.0 Cost Reductions 列 1 +12.8 billion yen 24.5 Sales Volumes etc 4.8 59.0 Other Income/expenses Operating Income 13

Forecasts by Segment Item vs. Functional 297.0 315.0 106% Electronics 96.0 102.3 107% Inorganic 30.6 33.7 110% Polymer Science 62.2 64.7 104% Printed Wiring Board 83.3 87.0 104% Advanced Components and Systems 372.2 405.0 109% Automotive Products 141.6 146.2 103% Energy Storage Devices and Systems 176.0 192.9 110% Electronic Components 42.2 40.8 97% Operating Income 15.8% 16.2% Adjustment 10.0 5.0 Total 669.2 710.0 106% 46.2 59.0 12.8 vs. 46.8 51.0 4.2 0.2% 3.2% 0.6 13.0 13.6 6.9 % (Billion yen) 8.3% 14

Purchase price Trend (Main ) Item 17/1Q 17/2Q 17/3Q 17/4Q 18/1Q forecasts Crude Oil (Dubai) 100 106 108 127 136 139 Lead 100 105 111 122 120 115 Epoxy Resin 100 100 100 100 100 107 PET film 100 100 100 100 100 100 Methyl Metha Acrylate 100 107 107 107 119 119 Glass fabric 100 112 112 113 115 116 Copper foil 100 110 108 120 118 115 15

Appendix1 (Billion yen) Item Domestic Overseas Composition ratio Composition ratio vs. Composition ratio vs. 232.8 42% 248.2 37% 107% 235.0 33% 95% 321.3 58% 421.0 63% 131% 475.0 67% 113% Asia 251.2 45% 288.8 43% 115% - - - Other regions Total 70.1 13% 132.2 20% 189% - - - 554.1 100% 669.2 100% 121% 710.0 100% 106% 16

Appendix2 Capital Investment Item Segment vs vs Functional 22.1 16.8 76% - - Capital Investment Advanced Components and Systems 17.8 25.8 145% - - Total 39.9 42.6 107% 60.0 141% Depreciation and amortization 27.7 32.8 118% 40.6 124% Sales Depreciation ratio 5.0% 4.9% 98% 5.7% 117% Research and Development Expenses Item vs Research and Development Expenses Sales research expense ratio Research and Development Expenses Item 28.2 30.8 109% 5.1% 4.6% 90% (Billion yen) Foreign Exchanges Sensitivities(Billion yen) Operating Income USD 108.38 110.85 105.00 2.8 0.5 17

(Notes) These materials contain projections based on information available at the time of formulation. Various factors may cause actual results in the future to differ. These materials may not be freely copied or redistributed without prior permission. 18 Hitachi Chemical Co., Ltd. 2011. All Rights Reserved.