Microwave Chemical : Financial Results Material for FY23/03Q1

August 12, 2022

Financial Results Material - FY 23/03 Q1

Executive Summary

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Sales grew on y-o-y

basis, on path to

achieving FY target

2

Steady progress made in two KPI

① New Contracts

②Total Contracts

• FY 23/03 Q1、Sales 157million yen.
• Sales grew at a rate of 131.2% y-o-y,thanks to the contribution of projects that have advanced from the R&D stage.
• 13.9 % progress for FY 23/03 (1,133 million yen). Expected to achieve the FY target as our business book sales in the second half of the FY.
• Progress rate on contract basis is 61.3% (694 million yen)
• Acquired 7 new contracts, FY 23/03 target 25 28.0% progress
• 158 new inquiries,14.5 % increase compared to FY21 Q1 driven by requirement for carbon neutrality.
• 31 contracts signed, 12 delivered. FY23/03 target 52 contracts,
  59.6% progress.
• Expect to achieve annual target by acquisition of new contracts.

	3		•	Scaling business through standardization of technology - chemical
		Advancement in		decomposition ("PlaWaveTM")
			• Chemical recycling - Direct decomposition of waste plastic to
		Technology
			basic chemicals（Partner: Showa Denko）
		Standardization		• Chemical Recycling of Polyurethane foam（Partner:Mitsui
		&
			Chemicals）
		Green Market
		•	Establishment of eco-friendly Carbon Fiber Manufacturing Process
				（Partner :Mitsui Chemicals）

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Agenda

1. Company overview
2. Financial Results and KPI Highlights
3. Topics
4. Appendix

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【Mission】

Make Wave, Make World 【Vision】

Innovate the chemical industry, unchanged for more than a century

revolutionize the world of manufacturing -Making the microwave process a global standard-

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Company Overview

Industrialized microwave chemical process for the first time in the world. Utilizing the microwave technology platform, we promote joint development and commercialization with various partners in a wide range of fields.

Microwave : New energy source

Intellectual property and know-how /

Development infrastructure /

Development team

Current manufacturing	Microwave Technology
technology using fossil
fuels, etc	Platform

History

							Hydrogen production
				PMMA recycling			(Sumitomo chemical)
Fatty acid ester				(Mitsubishi	Rare metal refining
3,200 t/y				Chemical)
				(QST)
			Peptide drug
		Sugar ester	（GMP, PeptiStar)	ASR・SMC recycling
		1,000 t/y
			(Mitsui Chemicals)			Carbon Fiber
							（Mitsui Chemicals)

Industrialized

Under Development

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