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TOSOH TOSOH CORPORATION NEWS RELEASE November 2 , 2021 Tosoh Reports on its First - Half Consolidated Results for Fiscal 2022 Tokyo , Japan― Tosoh Corporation is pleased to announce its consolidated results for the first half of fiscal 2022 , from April 1 , 2021 , to September 30 , 2021 . The company's consolidated net sales totaled ¥ 428.5 billion ( US $ 3.9 billion ) , an increase of ¥ 100.0 billion ( 30.5 % ) from the same period a year earlier . The increase was attributable to a rise in selling prices resulting from higher costs of raw materials and fuels such as naphtha and rising overseas product markets , and an increase in sales volume resulting from a recovery in demand . Operating income was ¥ 65.3 billion ( US $ 594.7 million ) , an increase of ¥ 47.7 billion ( 270.2 % ) from the same period the preceding year . Higher selling prices exceeding the impact of higher raw material and fuel prices resulted in improved terms of trade , contributing to the increase . Ordinary income was ¥ 69.0 billion ( US $ 628.4 million ) , an increase of ¥ 51.0 billion ( 283.6 % ) compared with the same period the preceding year . Profit attributable to owners of the parent company totaled ¥ 46.0 billion ( US $ 418.9 million ) , an increase of ¥ 34.3 billion ( 293.0 % ) over the same term the previous year . During the period under review , the Japanese economy continued to be severely impacted by the spread of the coronavirus . The outlook remained uncertain as signs of economic recovery continued in the background of increased exports and capital investment on the one hand , meanwhile , social and economic activities were restricted due to concerns about the re- emergence of infections even as vaccination progressed . As for the global economy , restrictions on economic activities have been gradually eased - especially in developed countries where vaccination is progressing — and demand is showing signs of recovering . However , the waves of the coronavirus infections have been intermittent and it remains difficult to predict when economic activities may resume full scale . Results by Business Segment Petrochemical Group Petrochemical Group net sales increased 58.2 % , or ¥ 32.3 billion , to ¥ 87.7 billion ( US $ 798.7 million ) compared with the same period the preceding year . The group's operating income increased ¥ 9.1 billion to ¥ 8.6 billion ( US $ 78.3 million ) . Increased shipments of a wide range of products and an improvement in the difference between product receipt and payment due to higher prices for naphtha and other raw materials contributed to the increase in operating income . 3-8-2 , Shiba , Minato - ku , Tokyo 105-8623 , Japan Tel : +81 ( 3 ) 5427 5118 Fax : +81 ( 3 ) 5427 5198 jeff.markley@tosoh.com www.tosoh.com