Notice regarding the Revision of Earnings Guidance and Dividend Forecast (Increase in Dividend)

Revision of Earnings Forecast

We have upwardly revised our consolidated earnings forecast for the second quarter and the full year for the fiscal year ending March 2027. The primary factors are stronger demand for high-value-added products, the timing of cost absorption related to higher raw material costs, and interactions of assumptions amid geopolitical uncertainties in the Middle East. Post-revision, net sales are 74,000 million yen, operating income 8,000 million yen, ordinary income 9,000 million yen, and net income attributable to owners of the parent 6,500 million yen. Earnings per share for the interim period are 294.14 yen, and earnings per share for the full year are 125.32 yen. Figures are adjusted for the impact of the stock split; pre-split figures may differ.

Dividend Forecast Revision and Shareholder Return Policy

In line with our shareholder return policy, the dividend forecast has been increased. The total return sustainability ratio including treasury stock acquisitions and cancellations is expected to be 62.6%. Since the stock split effective date is October 1, 2026, the year-end dividend is calculated based on the number of shares after the stock split, and the interim dividend prior to the stock split is undetermined. For details on the dividend, please refer to separate disclosure information.