May 11, 2023
To whom it may concern,
Name of company:

Toyobo Co., Ltd.

Name of representative:

Ikuo Takeuchi,
President & Representative Director(Stock code: 3101, Prime Market of the Tokyo Stock Exchange)
Contact:

Sonoko Ishimaru,
Executive Officer, General Manager,
Corporate Communication Department(TEL +81-6-6348-3044)

Notice Regarding Recording of Extraordinary Losses (Impairment Losses) and Differences Between
Forecasts for Fiscal Year Ended March 31, 2023 and Actual Results
TOYOBO Co., Ltd. (hereinafter “the Company”) hereby announces that the Company has recorded impairment
losses on business assets, etc. for the fiscal year ended March 31, 2023. Accordingly, there are differences
between the forecasts for the fiscal year ended March 31, 2023, which were announced on February 8, 2023,
and the actual results. The details are described below.
1. Recording of extraordinary losses (impairment losses)
The Company’s nonwoven materials business and engineering plastics business continued to post losses as
they were impacted by the curtailment in automobile production and China’s zero-COVID policy, and as
product price revisions could not keep up with rising raw material and fuel prices. Based on the results ofcalculating future recoverability considering the current business environment, the recoverable amount of thebusiness assets held by the said businesses fell below their carrying amount. Therefore, the Company reduced
the carrying amount to the recoverable amount, and recorded the amount of the reduction as impairment lossesof ¥8.2 billion.
In addition, based on the results of reviewing the recoverability of assets to be suspended and the businessassets that continue to post losses among the non-current assets held by the Company and some subsidiaries,
the Company recorded impairment losses of ¥1.6 billion.
Based on the above, the Company recorded impairment losses (consolidated) of ¥9.8 billion and impairment
losses (non-consolidated) of ¥9.3 billion as extraordinary losses for the fiscal year ended March 31, 2023.
2. Differences between forecasts for fiscal year ended March 31, 2023 and actual results
Net sales

OperatingprofitOrdinary
profitProfit (loss)
attributable toowners of parent

Net profit(loss)
per share

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Yen

Previous Forecasts (A)400,000

11,0007,5006,500

73.08

Revised Forecasts (B)399,921

10,063

6,590

(655)

(7.37)

Change (B-A)

(79)

(937)

(910)

(7,155)Percent Change (%)

(0.0)

(8.5)

(12.1)-

375,720

28,43023,092

12,865(Reference)
Actual results for the fiscal year
ended March 31, 2022 (FY 3/2022)

144.75

3. Reasons for differences
The financial results for the fiscal year were impacted by rising raw material and fuel prices, and operating
profit and ordinary profit were ¥0.9 billion lower than the previous forecasts. In addition, due to the reasonsexplained above in “1. Recording of extraordinary losses (impairment losses),” loss attributable to owners ofparent for the fiscal year was ¥0.7 billion, which was ¥7.2 billion lower than the previous forecast.
The Company has not changed the forecast for the year-end dividend from ¥40 per share as announced onFebruary 8, 2023.