February 14, 2024
To Shareholders,Company name:Name of representative:
Inquiries:

MITSUBA Corporation
Katsuyoshi Kitada, Representative Director, President(Security code: 7280 Prime Market of Tokyo Stock Exchange)
Koji Ogino, General Manager, Accounting and Finance
Department(Tel: 0277-52-0113)

Notice on the Revision of Full-Year Consolidated Earnings Forecast and Dividend Forecast
for the Fiscal Year Ending March 2024
Please be advised that considering the recent trend of its earnings, the Company has made the following revision
to the full-year consolidated earnings forecast and dividend forecast for the fiscal year ending March 2024 (from
April 1, 2023 to March 31, 2024), announced on May 10, 2023.
Details
1. Revision of the Full-year Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2024 (from
April 1, 2023 to March 31, 2024)
Net sales

OperatingincomeOrdinary
incomeMillions ofyen

Millions ofyen

Millions ofyen

322,000

15,000

Profit attributableto owners of parent

Basic earnings
per share

Millions of yen

Yen

15,0008,000

165.3419,00019,00011,000232.3718,000

4,000

4,000

3,000(%)

5.6

26.7

26.7

37.5

(Reference) Results of theprevious fiscal year (the fiscalyear ended March 2023)

319,500

6,718

6,049

1,185

Previous forecast(A)

New revised forecast(B)

340,000

Increase (decrease)(B - A)

Change26.49

2. Reasons for the revision of the full-year consolidated earnings forecast
For the fiscal year ending March 2024, Although the sales plan was not achieved in real terms because thesales slump in the China area had a significant impact, both sales and profit items are expected to exceed the fullyear forecasts at the beginning of the year, due to the unexpected depreciation of the yen, improvements of sales
prices/distribution costs and lowering fixed costs.
Based on these results, the consolidated earnings forecast for the fiscal year ending March 2024, announced on
May 10, 2023, has been revised.

3. Revision of dividend forecast
Annual dividends per share
2nd quarter-end

Year-end

Total

New revised forecast-

3.00 yen

3.00 yenPrevious forecast-

6.00 yen

6.00 yen

3.00 yen

3.00 yen

Results of the current fiscal year

0.00 yen

Results of the previous fiscal year (the fiscalyear ended March 2023)

0.00 yen

4. Reason for revision of dividend forecast
The Company has a basic policy of returning profit to shareholders stably while reinforcing its managementfoundation, and strives to make an appropriate allocation of profits by taking its financial performance, thepayout ratio, and circumstances around the Company into account.
As mentioned in the above revision of the consolidated earnings forecast, the Company has decided to increase
the year-end dividend for the fiscal year ending March 2024 by 3 yen per share to 6 yen, based on the favorable
trend of its performance.
For Class A stock, the Company plans to pay the dividend stipulated in its Articles of Incorporation. For Class
C stock, no dividend of surplus will be paid.
(Note)The earnings forecast above is based on information available at this moment, and the actual earnings
may be different from the forecast numbers in the future depending on various factors.