Notice Regarding Revision of Full-Year Consolidated Earnings Forecast for the Fiscal Year Ending November 2026

Overview of Forecast Revision

We have revised the full-year consolidated earnings forecast for the fiscal year ending November 2026. Net sales are unchanged from the previously announced forecast at 9,200 hundred million yen; operating income is 495 million yen; ordinary income is 470 million yen; net income attributable to owners of parent is 350 million yen; and earnings per share are 287.50 yen. Reasons for the revision include firm demand for related chemicals associated with the recovery of domestic automobile production, price revisions and improved sales mix, expansion of exports, and yen depreciation. Conversely, uncertainty in the Middle East may expand the impact of rising raw material costs. Prioritizing procurement of raw materials necessitates careful attention to future raw material price trends.

Outlook and Risks

Although actual results through 3Q exceeded the plan, the risk of rising raw material costs is expected to increase going forward. Specifically, in addition to stable and expanding domestic demand, changes in exchange rates and export conditions and the strengthening of raw material procurement systems may affect performance. In any case, strategic raw material procurement and the continued effectiveness of pricing strategies are expected to contribute to achieving the full-year targets.