Kurita Water Industries Ltd. revised consolidated earnings guidance for the fiscal year ended March 31, 2023. For the year, the company expects net sales of JPY 344,600 million, operating profit of JPY 29,000 million and profit attributable to owners of parent of JPY 20,100 million or JPY 178.83 per basic share. compared to previous guidance of net sales of JPY 350,000 million, operating profit of JPY 38,000 million and profit attributable to owners of parent of JPY 27,600 million or JPY 245.56 per basic share. Reason of the revision: In the fiscal year ended March 31, 2023, net sales are expected to fall short of the forecast, particularly in the domestic and overseas precision tool cleaning business. Along with this reason, business profit will be below the forecast. Operating profit and other profit figures below it will also be less than the forecasts, mainly reflecting the goodwill
impairment loss.