Notice Regarding Recognition of Corporate Tax Adjustments and Revision of Earnings Forecasts for the Second Quarter (Interim) and the Full Fiscal Year Ending March 2027

Summary of Revised Earnings

Kuroda Precision Industries Ltd. recorded corporate tax adjustments in the second quarter of the fiscal year ending March 2027 and revised its earnings forecasts for the second quarter and the full fiscal year. Interim consolidated net sales are expected to be 10,800 million yen, consolidated operating income 115 million yen, and consolidated ordinary income -34 million yen. Net income attributable to owners of parent for the interim is expected to be 710 million yen, and interim net income per share 127 yen 56 sen. The full-year forecasts are announced as net sales 25,800 million yen, operating income 770 million yen, ordinary income 550 million yen, net income attributable to owners of parent 330 million yen, and net income per share for the year 58 yen 31 sen.

Outlook and Notes

The reasons for the revisions include stronger-than-planned sales of drive systems for the semiconductor-related equipment market in the second quarter, while sales were down due to a slowdown in mold systems related to EVs. Additionally, the recording of gains on sales of investment securities may affect the full-year cost structure. Some items in the full-year forecast (including items listed as TBD) are not finalized at this time, and it is difficult to reasonably estimate the impact on expenses, so they remain TBD.