Notice on Revision of Consolidated Earnings Forecast for the Second Quarter (Interim) and the Full Year for the Fiscal Year Ending March 2027, and Revision of Dividend Forecast

Overview of Performance

This material announces revisions to the second quarter (interim) and full-year consolidated earnings forecasts for the fiscal year ending March 2027, and upward revisions to the full-year forecasts. Backed by continued favorable demand environment, the company has upwardly revised its revenue and profit outlook. In the second quarter, demand for aluminum ingots and ingot-related products was solid, with increased sales of semiconductor manufacturing equipment components and lithium-ion battery sheet materials, leading to a view that the previous forecast will be exceeded. The full-year outlook is expected to maintain this trend, with higher operating income, ordinary income, and net income attributable to owners of the parent than previously forecast. The dividend forecast has also been revised to 50 yen interim and 60 yen year-end, totaling 110 yen for the year.

Impact on Shareholders and Outlook

The revision of the interim dividend increases the annual dividend and enhances shareholder return. The anticipated earnings uplift in the second quarter is expected to persist into the full year even if gold price effects subside, with some uncertainties such as Middle East developments, but the recovery trend so far is expected to continue. Going forward, the favorable interim performance is expected to spill over into the full-year results, making profitability improvements and stable dividends a key point for investors.