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Management Information

President  Jun Kato/Chairman of the board Sakurai Satoshi

We will accelerate our efforts under our Medium-term Corporate Strategy
and aim to increase our corporate value.

Financial results for the second quarter of the 78th fiscal year (from April 2023 to September 2023) and business environment

We would like to express our deepest gratitude to our shareholders for their continued support.

In the electronics industry in the second quarter of the fiscal year under review, although demand for the electrification of automobiles continued to expand, production of electronic parts was weak due to a delayed recovery of the Chinese economy and other factors. In this environment, the Group focused its sales activities on automotive-related materials. However, due to the impact of sluggish sales of display-related materials, etc., both sales and profits at each stage decreased in the second quarter of the fiscal year under review year on year.

Full-year business forecast and dividends

The Group revised down its earnings forecast due to lower-than-expected levels, mainly in sales of related materials for game consoles and electronic parts. The dividend per share is also revised based on the revised earnings forecast. The interim dividend for the current fiscal year is 40 yen, the year-end dividend forecast is 45 yen, and the annual dividend is expected to be 85 yen. We sincerely apologize for any concern or inconvenience caused to shareholders by the above financial results and the downward revision of earnings forecasts and dividends.  Although the first fiscal year of our Medium-term Corporate Strategy has been a difficult start, the Group has been flexibly responding to the needs of customers at any given time and realizing growth in the ever-changing electronics industry. We will overcome this situation and aim for sustainable growth in the future by working as one on each measure of our Medium-term Corporate Strategy. We sincerely ask our shareholders for their continued understanding and support.

December 2023

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