JSP : Notice on revision of the consolidated financial forecasts for the second quarter and full year ending March 31 2024

	July 31, 2023
Company	JSP Corporation
Representative	Tomohiko Okubo, President & Representative Director
	(Securities code: 7942 Prime Market, Tokyo Stock Exchange)
Contact	Kazuhiro Nakajima, Executive Officer and General Manager
	Corporate Planning Division
	(TEL: [phone])

Notice on Revision of the Consolidated Financial Forecasts for the Second Quarter and

Full Year Ending March 31, 2024

JSP Corporation hereby announces the following revisions to the consolidated financial forecasts for the year ending March 31, 2024, which were announced on April 28, 2023.

１． Revision of the consolidated financial forecasts for the year ending March 31, 2024

（１）Revision of the consolidated financial forecasts for the first half of the year (1 April 2023 - 30 September 2023)

						Profit	Net income
				Operating	Ordinary	attributable to
			Net sales	per
			profit	profit	owners of
				share
						parent
Previous forecast	（Ａ）		Million yen	Million yen	Million yen	Million yen	Yen
	67,000	2,400	2,500	1,750	58.71
Revised forecast	（Ｂ）		67,000	3,000	3,200	2,400	80.51
Difference in amount （Ｂ－Ａ）	0	600	700	650
Rate of change （％）		0.0	25.0	28.0	37.1
(Reference) Results for the same
quarter of the	previous	year	64,252	1,404	1,860	1,378	46.26
（ Second quarter of the	year
ending March 31, 2023）

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（２）Revision of the consolidated financial forecasts for the full year (1 April 2023 - 31 March 2024).

										Profit	Net income
					Net	Operating		Ordinary	attributable to
						per
					sales	profit		profit	owners of
						share
										parent
	Previous forecast	（Ａ）		Million yen	Million yen		Million yen	Million yen	Yen
		135,000	4,800	5,000	3,400	114.06
	Revised forecast	（Ｂ）		135,000	5,600	5,900	4,300	144.26
	Difference in amount（Ｂ－Ａ）	0	800	900	900
	Rate of change （％）		0.0	16.7	18.0	26.5
	(Reference) Results for	the
	previous year （ Fiscal	year	131,714	2,956	3,363	2,531	84.91
	ending March 31, 2023）
（Assumptions）
						Previous forecast		Revised forecast
	Dubai crude oil price（USD/bl）			85			80
			JPY/USD			130			140
	Exchange rate		JPY/EUR			143			150
			JPY/CNY			19.0			20.0

２． Reason for the revision

The consolidated financial forecasts for the year ending March 31, 2024 have been revised for the following reasons.

Profits are expected to increase as a result of strong sales of ARPRO/P-BLOCK (expanded polypropylene) both in Europe and in North America, lower raw materials prices in North America due to lower demand for polypropylene, and the revision of foreign exchange rate assumptions.

（Note: The above financial forecasts are based on information available at the present time and actual results may differ due to a variety of factors that may arise in the future.）

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