Yamaichi Electronics : Notice Regarding Revisions to Earnings Forecasts

Yamaichi Electronics Co., Ltd.

Stock listing: Tokyo Stock Exchange - Prime Market
Code: 6941 URL: https://www.yamaichi.co.jp
President: Junichi Kameya
Managing Director: Kazuhiro Matsuda Tel: [phone]	August 4, 2023

Notice Regarding Revisions to Earnings Forecasts

We hereby announce that our Board of Directors has resolved at a meeting held on August 4, 2023, We resolved to revise the consolidated earnings forecasts for the fiscal year ending March 31, 2024 (April 1, 2023 to March 31, 2024) announced on May 12,

2023. Details are as follows:

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

		Operating		Profit attributable		Net profit
	Net Sales	Ordinary income	to owners of
	income		per share
			parent
	Millions of yen	Millions of yen	Millions of yen	Millions of yen		Yen
Previously announced	19,670	2,450	2,410	1,700	81.98
forecasts (A) *
revised forecasts (B)	18,300	1,250	1,280	930	45.19
Increase/Decrease (B-A)	△1,370	△1,200	△1,130	△770
Percentage change (%)	△7.0％	△49.0％	△46.9％	△45.3％
(Reference) Results for
the first half of the	27,166	6,667	7,286	5,244	250.41
previous fiscal year

2. Revision of forecasts of the consolidated operating results for the year ending March 31, 2024 (April 1, 2023 to March 31, 2024)

			Operating		Profit attributable		Net profit
		Net Sales	Ordinary income	to owners of
		income		per share
				parent
		Millions of yen	Millions of yen	Millions of yen	Millions of yen		Yen
Previously announced		42,000	6,600	6,440	4,500	217.01
forecasts (A) *
revised forecasts (B)		－	－	－	－		－
Increase/Decrease (B-A)		－	－	－	－
Percentage change (%)		－	－	－	－
(Reference) Previous
term results		46,985	9,134	9,450	7,212	346.08
(Year ending March 31,
2023)
*announced on May 12, 2023

Reason for revision

In the first half, sales and profits are expected to be affected by production adjustments by major customers due to sluggish market demand for semiconductor products for smartphones and PCs, which are expected to last longer than the forecasts at the beginning of the year, is expected. On a company-wide basis, in addition to continuing high raw material and transportation costs, we anticipate an impact on profits due to soaring energy prices and other factors.

Based on this situation, we will revise forecasts for the first half of the fiscal year announced on May 12, 2023.

For the second half, the environment of the semiconductor market has changed significantly since the initial forecasts, and it is difficult to formulate an appropriate and rational plan at this point. We have temporarily withdrawn our consolidated forecasts of the consolidated operating results announced on May 12, 2023, leaving it undetermined.

We will make an announcement as soon as the calculation becomes possible.

In addition, the foreign exchange rates used in the forecasts for the first half of the fiscal year are 1 US dollar = 137 yen and 1 euro = 149 yen.

Note: The earnings forecasts described in this disclosure are prepared based on information and forecasts available to the Company as of the date of this disclosure, and are not meant to promise the achievement of the forecasts. The Company's actual results may differ substantially from such statements due to various risks and uncertainties.