Notice Regarding Revision of Full-Year Earnings Forecast

Summary of Earnings

This time, the full-year consolidated earnings forecast for the fiscal year ending March 2027 has been revised upward from the previous forecast. We expect sales of 1,025,000 million yen, operating income of 232,000 million yen, profit before tax of 221,000 million yen, net income attributable to owners of the parent of 141,000 million yen, and basic earnings per share of 155.80 yen. Sales are up 10.2%, operating income up 22.1%, and net income up 23.7% year over year, surpassing the previous year's results. While the resource business is expected to face a production cut due to weather-related factors, growth in AI server-related demand and improved selling prices are expected to be supportive.

Assumptions and Risk Factors

Assumptions include international copper prices (LME) near 586 cents per pound, and a near 1227 value for the USD/JPY exchange rate (July onward around 157 yen, October onward around 155 yen). There may be residual impact from unfavorable weather on the resource segment, as well as macroeconomic fluctuations, regulatory developments, and litigation risks that could affect results.