Arisawa Mfg : Notice Concerning Differences Between Consolidated Financial Forecast and Actual Results for the Six Months Ended September 30, 2023,and Revisions to Full-Year Consolidated Financial Forecasts（97KB）

	November 9, 2023
Company name:	Arisawa Mfg. Co., Ltd.
Name of representative:	Yuta Arisawa, Representative
	Director and CEO
	(Securities code: 5208; TSE Prime
	Market)
Inquiries:	Takeshi Masuda, Director and
	Senior Managing Operating Officer
	(Telephone: [phone])

Notice Concerning Differences Between Consolidated Financial Forecast and Actual Results

for the Six Months Ended September 30, 2023,

and Revisions to Full-Year Consolidated Financial Forecasts

Arisawa Mfg. Co., Ltd. (the "Company") hereby announces that there were differences between the consolidated financial forecast (from April 1, 2023 to September 30, 2023) announced on August 3, 2023 and the results announced today for the six months ended September 30, 2023 as follows.

The Company also announces that it has revised the consolidated financial forecasts for the fiscal year ending March 31, 2024 considering the recent performance trends as described below.

1. Differences between the consolidated financial forecast and the actual results for the six months ended September 30, 2023 (From April 1, 2023 to September 30, 2023)

	Net sales	Operating	Ordinary profit	Profit attributable		Earnings per
	to owners of
	profit			share
	(millions of yen)		(millions of yen)	parent
	(millions of yen)		(Yen)
			(millions of yen)
Previously announced	20,300		300	200	100	3.01
forecast (A)
Actual results (B)	19,895		169	218	563	17.02
Amount of change (B-A)	405		130	18	463
Percentage change (%)	△ 2.0	△43.4	9.2	463.4
(Reference)	△	△
	2,408	2,563	77.37
Results for the six months	22,994	1,861
ended September 30, 2022

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2. Revision of the financial forecasts for the fiscal year ending March 31, 2024 (From April 1, 2023 to March 31, 2024)

	Net sales	Operating	Ordinary	Profit attributable to		Earnings per
	profit	profit	owners of parent
	(millions of yen)		share (Yen)
	(millions of yen)	(millions of yen)	(millions of yen)
Previously announced	45,300	2,100	2,100	1,800	54.26
forecasts (A)
Revised forecasts (B)	42,600	1,250	1,250	1,350	40.78
Amount of change (B-A)		2,700	850	850	450
Percentage change (%)	△	△	6.0	△40.5	△40.5	△25.0
(Reference)
			△	△	△
Results for the fiscal year	42,722	2,228	2,717	2,856	86.46
ended March 31, 2023

3. Reasons for the differences and revisions

In the consolidated financial results for the six months ended September 30, 2023, the sales of electronic materials, which is our main business field, were lower than the forecast announced on August 3, 2023 due to the impact from the decrease in demand in the Chinese market. As a result, the operating profit was also lower than the previous forecast. The profit attributable to owners of parent exceeded the previous forecast due to the recording of a gain on the sale of investment securities in the first half of the fiscal year, which was originally planned in the second half.

As for the consolidated financial forecasts for the year ending March 31, 2024, the sales of industrial structural materials including honey-comb panels for aircraft continue an upward trend. On the other hand, the consolidated sales are expected to be lower than the previous forecasts because a significant increase is not expected in the sales of electronic materials, although it is expected to increase from the first half of FY2023. Along with this, the operating and ordinary profits, and the profit attributable to owners of parent are also expected to be lower than the previous forecasts. Therefore, we have revised our previous forecasts as described above.

There is no change in the year-end dividend forecast for the fiscal year ending March 2024 from the previous announcement.

(Note) The financial forecasts in this document are based on the information currently available to the Company and certain assumptions considered reasonable. Actual results may differ from the forecasts due to various factors.

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