Notice Regarding Revision to Earnings and Dividend Forecasts

Regarding Revision of Earnings Forecast

Takasago Thermal Engineering Co., Ltd. has revised its consolidated and non-consolidated earnings forecasts for the fiscal year ending March 2026. While net sales are unchanged from the previous forecast at 421,000 million yen, consolidated operating income has been upwardly revised by 8.8% to 47,100 million yen, ordinary income by 8.7% to 50,000 million yen, and net income attributable to owners of parent by 6.4% to 36,500 million yen. The non-consolidated earnings forecast also anticipates increased profits. The main reasons include improved profitability through more efficient construction systems, cost reductions, and steady performance from domestic and overseas subsidiaries.

Regarding Revision of Dividend Forecast

Regarding dividends, based on the progressive dividend policy aimed at a payout ratio of 40%, the year-end dividend has been raised from 62 yen per share to 69 yen per share, with the annual dividend revised from 210 yen to 224 yen on a pre-stock split basis. The year-end dividend will be formally decided following resolution at the 146th Annual General Meeting of Shareholders scheduled for June 2026. A stock split (1 share to 2 shares) was conducted on October 1, 2025, and dividend amounts are calculated based on the post-split number of shares.