Notice Regarding Differences Between Second Quarter (Interim) Earnings Forecast and Actual Results

Factors Causing the Variance and Current Status

This notice discloses differences between the consolidated earnings forecast and actual results for the second quarter from April 1, 2026 to September 30, 2026. Net sales fell short of the previous forecast overall, impacted by a rebound decline following last period’s price revision despite proactive domestic sales activities. Conversely, operating income and the subsequent profit metrics exceeded the previous forecast due to a reduction in cost of sales from a one-time tariff refund in the United States and the deferral of certain expenses to the second half. The full-year forecast remains unchanged at this time, and any necessary revisions will be announced promptly.

Outlook and Impact for Investors

Considering expense carryforwards to the second half and uncertainty in raw material prices, the full-year outlook is maintained. Although there is room for improvement in results, future revisions may be necessary depending on domestic and international market trends and movements in exchange rates and raw material prices. Identification of variance factors and countermeasures will continue to be disclosed, and investors should monitor the latest progress.