Enplas : Revision of Earings Forecast

October 27, 2023

Company name: Enplas Corporation

Representative: Daisuke Yokota, President

Code No.: 6961, TSE Prime

Inquiries: Shigeya Fujita, Executive Officer

Tel: [phone]

Notice Concerning Revision of Earnings Forecast

Enplas Corporation ("Enplas", head office: Saitama, president: Daisuke Yokota) hereby announces that in light of the recent business performance trends, Enplas has revised the consolidated earnings forecast for the fiscal year ending March 31, 2024, announced on April 28, 2023, as follows.

1. Revision of consolidated earnings forecast for the fiscal year ending March 31, 2024

		Operating	Ordinary	Profit		Earnings
	Net sales	attributable to
	income	income		per share
		owners of parent
Previous forecast (A)	Million yen	Million yen	Million yen	Million yen		yen
42,500	7,000	7,000	5,000	566.74
Revised forecast (B)	39,500	5,400	6,000	4,200	475.91
Difference (B－A)	△3,000	△1,600	△1,000	△800
Rate of change (%)	△7.1	△22.9	△14.3	△16.0
Results for the fiscal year	42,240	8,820	8,785	4,621	523.94
ended March 31, 2023

2. Reason for the revision

We have positioned semiconductors, optical communications, life sciences, electric vehicle as "Essential Business Field", that are expected to grow over the medium to long term, and will continue to invest in growth, development, and human capital in these areas. In the Semiconductor business, demand for server, automotive, and mobile applications, on which we are focusing, is expected to increase in the medium term, but in the short term, demand for semiconductors is expected to continue to adjust and the timing of recovery is expected to be slower than previously expected.

As a result, the consolidated sales forecast for the fiscal year ending March 31, 2024 has been revised downward from the previous forecast. Accordingly, operating income, ordinary income, and profit attributable to owners of parent are also expected to be lower than the previous forecast.

Notice:

1. This announcement contains forward-looking statements. These forward-looking statements are based on Enplas's current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Enplas's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Enplas's latest Annual Securities Report and Quarterly Securities Report, and Enplas undertakes no obligation to publicly update or revise any forward-looking statements.
2. The official version of this announcement was published in Japanese. An unofficial English translation is provided for the convenience of overseas investors. For any discrepancies between the Japanese and English versions, the Japanese version shall prevail.