Note: This document is a translated version of the Japanese original. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

May 14, 2024

Notice Regarding Differences between Non-consolidated Financial Results Forecasts

and Actual Results for the Fiscal Year Ended March 31, 2024

Taiheiyo Cement Corporation hereby announces the following differences in the financial results announced today compared to the non-consolidated financial results forecast for the fiscal year ending March 31, 2024 (April 1,2023 to March 31, 2024) announced on November 9, 2023, as follows.

1. Differences from the non-consolidated financial results forecast for the fiscal year ended March 31, 2024 (April 1, 2023 to March 31, 2024)

Ordinary

Basic

Net sales

Profit

earnings

profit

per share

Millions of yen

Millions of yen

Millions of yen

Yen

Previous forecast (A)

346,000

27,500

25,000

212.88

Actual result (B)

335,889

32,104

33,443

286.08

Difference (B-A)

(10,111)

4,604

8,443

-

Difference (%)

(2.9)

16.7

33.8

-

(Reference)

309,486

(16,733)

(32,882)

(280.12)

Results for the fiscal year ended

March 31, 2023

2. Reason for the difference from the forecast

Net sales were lower than the previous forecast, mainly due to a decrease in cement sales volume in Japan. On the other hand, profit exceeded the previous forecast mainly because of an increase in dividends from subsidiaries and recording of insurance claim income.

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Taiheiyo Cement Corporation published this content on 14 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2024 07:17:01 UTC.