Notice of Revision of Earnings Guidance and Dividend Guidance

Summary of Earnings Guidance Revision

We have upwardly revised our consolidated earnings guidance for the fiscal year ending March 2027. We expect full-year net sales of 64,200 million yen, operating income of 6,500 million yen, ordinary income of 6,400 million yen, net income attributable to owners of the parent of 4,500 million yen, and basic earnings per share of 137.29 yen. For the second quarter cumulative results, net sales are expected to be 32,900 million yen, operating income 3,100 million yen, ordinary income 3,300 million yen, interim net income attributable to owners of the parent 2,200 million yen, and interim earnings per share 67.12 yen. Compared with the prior projection, each item of sales and profit has been increased.

Dividend Guidance Revision and Policy

Dividend guidance was revised upward to 110 yen annually. It assumes 55 yen for the second quarter and 55 yen for year-end. In line with the capital policy (DOE of 6% or total shareholder return ratio of at least 80%, whichever is larger) we continue to pursue a policy that balances future cash flow generation with growth investments.