Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

August 9, 2022
To whom it may concern:
Company name:Name of representative:

Inquiries:

FURUKAWA CO., LTD.
Minoru Nakatogawa, President andRepresentative Director(Securities code: 5715; Prime
Market of the Tokyo StockExchange)
Akira Mikage, General Manager,
Accounting Department(Telephone: +81-3-6636-9502)

Notice Concerning Revisions to First-Half Consolidated Financial Results Forecasts
for the Fiscal Year Ending March 31, 2023
FURUKAWA CO., LTD. (the “Company”) hereby announces that in light of the most recent operating trends, it
has revised the first-half financial results forecasts for the fiscal year ending March 31, 2023 (April 1, 2022
through September 30, 2022) disclosed on May 12, 2022, as described below.
1. Revisions to first-half consolidated financial results forecasts for the fiscal year ending March 31, 2023 (April1, 2022 through September 30, 2022)(Millions of yen)
Net sales

Operating profit

Ordinary profitProfitattributable toowners of parent

Basic earnings
per share (Yen)Previously announced forecasts (A)(Announced on May 12, 2022)

108,400

2,700

2,800

2,000

51.52

Revised forecasts (B)104,200

3,300

4,500

2,800

72.12

Change (B-A)(4,200)

600

1,700

800

Change (%)

(3.9)

22.2

60.7

40.0

97,804

3,483

4,089

2,311

(Reference) Actual results for theprevious fiscal year
(Fiscal year ended March 31, 2022)

59.14

2. Reason for revisions to consolidated financial results forecasts
Comparing the revised forecasts for the first-half consolidated financial results with the previously announced
forecasts (announced on May 12, 2022), the main points are that expected net sales in the Rock Drill
Machinery segment has increased due to an increase in shipments of hydraulic breakers and hydraulic crawler
drills overseas and the impact of the weak yen, and expected net sales in the Metals segment has decreased
mainly due to a decrease in the sales volume of electrolytic copper. Expected operating profit in the Rock
Drill Machinery segment has increased due to an increase in net sales, and expected operating profit in theMetals segment is about the same level as the previously announced forecast due to factors such as the pricemargin of electrolytic gold resulting from the weak yen. As a result, consolidated net sales has been
downwardly revised, and operating profit has been upwardly revised. In addition, foreign exchange gains areexpected, and ordinary profit and profit attributable to owners of parent have each been upwardly revised.

1Regarding the full-year consolidated financial results forecasts, they will not be revised at this time and are thesame as the previously announced forecasts (announced on May 12, 2022).
Note: Forward-looking statements provided in this document, including financial forecasts, are based on the information currently
available to the Company and certain assumptions considered reasonable. Such statements are included without any guarantee
as to their future achievement. Actual results, etc. may differ materially from the forecasts depending on various factors.

2