Notice of Revision to Full-Year Earnings Forecast for the Fiscal Year Ending March 2027, Changes to Mid-Term Management Plan “NIRECO-VISION 100” Numerical Targets, and Revision of Year-End Dividend Forecast

Overview of Results

Nireco Corporation has upwardly revised its full-year earnings forecast for the fiscal year ending March 2027. Net sales are expected to be 13,600 hundred million yen (previous forecast 13,200 hundred million yen), operating income 2,300 hundred million yen (previous 2,000 hundred million yen), ordinary income 2,370 hundred million yen (previous 2,100 hundred million yen), net income attributable to owners of parent 1,740 hundred million yen (previous 1,500 hundred million yen), and earnings per share 80.95 yen (previous 69.79 yen). Accordingly, the annual dividend has also been revised upward to 40 yen.

Changes to Mid-Term Management Plan and Dividend Policy

Regarding the mid-term management plan "NIRECO-VISION 100", targets for sales and profit for each fiscal year have been comprehensively revised to reflect the effect of YGK becoming a subsidiary. For the final fiscal year ending March 2031, the targets are net sales of 18,000 hundred million yen, operating income of 3,580 hundred million yen, and an operating margin of 19.9%. On the dividend front, the year-end dividend is to be increased to 26 yen, resulting in an expected annual dividend of 40 yen.