ACSL Ltd. (ACSL) announces that has received an order for a large-scale project in India from ArcV Holdings Private Ltd. in accordance with the Memorandum of Understanding (MOU) for strategic alliance, which the company announced as "Notice of MOU with a Local Partner Company in India for the Consideration and Materialization of 30 million USD (4.05 billion JPY) Projects on Drones and Robotics" as reported on May 12, 2023. The subject product is currently undergoing export licensing procedures and risk assessment but depending on the status of licensing or the results of the risk assessment, the subject product may not be sold. The accounting treatment of this project is still under consideration.

ACSL has decided to postpone the disclosure of earnings forecasts for the fiscal year ending December 31, 2023 although net sales in Japan are expected to be at least at the same level as the previous fiscal year, the company has determined that it is difficult at this point in time to appropriately and reasonably calculate figures for net sales overseas. The impact of order the large-scale project on earnings is under scrutiny, including other factors, and will promptly disclose the earnings forecast it becomes possible to do.