Nippon Kayaku : Notice of Revision to the Business Results Forecasts

	July 29, 2022
To whom it may concern,
Name of company:	Nippon Kayaku Co., Ltd.
Name of representative:	Atsuhiro Wakumoto, President
Code No.:	4272
	Tokyo Stock Exchange, Prime Market
Contact:	Tsutomu Kawamura, Director
	General Manager of Finance &
	Accounting Division, Financial Group
	(Tel: [phone])

Notice of Revision to the Business Results Forecasts

In light of recent trends in business performance, Nippon Kayaku Co., Ltd. has revised the business results forecasts which were announced on May 12, 2022.

1. Consolidated business results forecasts for the first half of the fiscal year ending March 31, 2023 (April 1, 2022 to September 30, 2022)

				Profit	Profit
	Net	Operating	Ordinary	attributable	attributable
	sales	income	income	to owners of	to owners of
				parent	parent per
					share
Previous forecast (A)	Million yen	Million yen	Million yen	Million yen	Yen
97,100	8,700	9,300	6,000	35.66
Current revised forecast (B)	103,900	12,600	15,000	10,500	62.41
Change (B-A)	6,800	3,900	5,700	4,500
Percentage change (%)	7.0	44.8	61.3	75.0
(Reference) Previous 1H	88,840	10,902	11,828	9,205	54.27
results (April 1 to September
30, 2021)

2. Consolidated business results forecasts for the fiscal year ending March 31, 2023 (April 1, 2022 to March 31, 2023)

				Profit	Profit
	Net	Operating	Ordinary	attributable	attributable
	sales	income	income	to owners of	to owners of
				parent	parent per
					share
Previous forecast (A)	Million yen	Million yen	Million yen	Million yen	Yen
196,800	18,400	19,400	14,000	83.21
Current revised forecast (B)	210,000	23,800	26,600	19,400	115.31
Change (B-A)	13,200	5,400	7,200	5,400
Percentage change (%)	6.7	29.3	37.1	38.6
(Reference) Previous results	184,805	21,050	23,154	17,181	101.70
(the fiscal year ending March
31, 2022)

3. Reasons for the Revision

With respect to the forecast of consolidated results for the 2Q (cumulative), net sales, operating income, ordinary income, and net income attributable to owners of the parent are expected to exceed previously announced forecast figures due to the impact of foreign exchange rates and reductions in the cost of sales ratio, etc.

With respect to the full-year consolidated financial results forecast, from the 3Q onward, net sales, operating income, ordinary income, and profit attributable to owners of parent have been revised to reflect the impact of the most recent exchange rate trends on the previously announced forecast figures.

Note: The business results forecasts were calculated based on information currently available on the date they were announced. Actual performance may differ from numerical forecasts due to various factors that may affect results in the future.