Nitto Boseki : Notice of Revision to Earning Forecast （57KB）

August 3, 2023

Press Release

Company name: Nittobo (registered as Nitto Boseki Co., Ltd.)

Representative: Yuichi Tsuji, Director, Representative and Chief Executive Officer

(Securities Code: 3110, TSE Prime Market)

Contact: Nobuko Tame, General Manager, Corporate Communication Dept. (Tel: [phone])

Notice of Revision to Earnings Forecasts

Considering the recent business trend, Nittobo (hereinafter, the "Company") revised the earnings forecasts previously announced on May 12, 2023.

1. Revision to Consolidated earnings forecasts for the six months of the fiscal year ending March 31, 2024 (April 1, 2023 to September 30, 2023)

				Profit	Basic
	Net sales	Operating	Ordinary	attributable to	earnings per
	profit	profit	owners of	share
				parent
	Millions of yen	Millions of yen	Millions of yen	Millions of yen	Yen
Previous forecasts (A)	40,000	0	0	0	0.00
Revised forecasts (B)	42,000	2,500	3,000	2,000	54.93
Amount changed (B-A)	2,000	2,500	3,000	2,000
Change (%)	5.0	-	-	-
(Ref.) Actual results
for the six months of	47,037	4,597	6,205	7,474	195.32
the fiscal year ended
March 31,2023

2. Revision to Consolidated earnings forecasts for the fiscal year ending March 31, 2024 (April 1, 2023 to March 31, 2024)

				Profit	Basic
	Net sales	Operating	Ordinary	attributable to	earnings
	profit	profit	owners of	per share
				parent
	Millions of yen	Millions of yen	Millions of yen	Millions of yen	Yen
Previous forecasts (A)	90,000	4,000	4,000	2,500	68.66
Revised forecasts (B)	92,000	6,500	7,000	4,500	123.59
Amount changed (B-A)	2,000	2,500	3,000	2,000
Change (%)	2.2	62.5	75.0	80.0
(Ref.) Actual results for
the fiscal year ended	87,529	4,880	6,067	2,772	73.94
March 31,2023

3. Reasons for the revisions

After giving consideration to the operating results of the first three months ended June 30, 2023, and the current business trend, the Company has upwardly revised its net sales and operating profit for the first six months of the fiscal year ending March 31, 2024. Ordinary profit and profit attributable to owners of parent were revised as a result of the revision to operating profit. The full-year earnings forecast figures involve numerous uncertainties regarding the second half of the fiscal year, so revisions to the earnings forecasts have only been reflected for the first six months.

The projections contained in this document are based on information currently available to Nittobo and certain assumptions that are deemed to be reasonable, and it does not intend to guarantee their achievement. Moreover, actual business and other results may differ from the forecast due to various factors going forward.