February 9, 2022
Company name: YAMAZEN CORPORATION
Representative: Yuji NAGAO, President, CEO(Code No. 8051; The first section of Tokyo Stock Exchange)
Inquiries: Hayato HIRATA, Manager, IR & PR Dept.
TEL 06-6534-3095

Revisions of Earnings Forecast and Dividend Forecast
YAMAZEN CORPORATION (the “Company”) hereby announces revisions to its forecasts of consolidated
financial results for the full year for the year ending March 31, 2022,announced on November 10, 2021, and thedividend forecast, announced on May 14, 2021,based on recent business trends.
1. Revisions of Earnings Forecast(1)Revisions to the full-year results forecast (April 1, 2021 to March 31, 2022)
Profit attributable
OperatingOrdinary
Net sales
to owners ofprofit
profitparentmil.
JPY
mil.
JPY
mil.
JPY
mil. JPY
Previously announced
490,000
13,00013,0009,000
forecasts (A)Revised forecasts (B)500,000

16,00016,00011,000Changes (B–A)

10,000

3,000

3,000

2,000

2.0

23.1

23.1

22.2

434,744

11,234

11,209

7,572

Percentage changes (%)
Reference: full-year results
for fiscal year ended March31, 2021

Earnings pershareJPY
100.11
122.3580.25(2)Reasons for revisions
The consolidated financial results for the third quarter exceeded expectations in terms of operating profit and otherprofit as a result of the progress of COVID-19 vaccination around the world, ongoing satisfaction of broad demandby the Production Equipment Business, and growth in the highly profitable Overseas Production Equipment
Business, which has engineering capabilities.
In the fourth quarter, although the impact of the mutant omicron variant of the virus is difficult to predict, theabove trend is expected to continue based on the current order situation. In addition, selling, general andadministrative expenses are expected to decrease due to the revised facility operation plan and the COVID-19
pandemic (omicron variant). As a result of these factors, although net sales are expected to increase slightly,operating profit, ordinary profit, and net profit are expected to exceed the previously announced forecasts. Therefore,
the Company has revised the forecasts of consolidated financial results for the fiscal year ending March 31, 2022.
1

2. Revisions of Dividend Forecast(1) Revisions to fiscal year ending March 31, 2022
Dividend per share
Previous forecast(May 14, 2021)

Revised forecast

Current term results

Second quarter-end

Fiscal year-end

Total―

15.00 yen

25.00 yen

25.00 yen

35.00 yen

(Included(Includedcommemorative

commemorative

dividend: 5.00 yen per

dividend: 5.00 yen pershare)share)

10.00 yen

20.00 yen―

10.00 yen

Cash dividends paid for theprevious fiscal year (fiscal

10.00 yenyear ended March 31, 2021)(2)Reasons for revisions
The Company makes it a basic policy to return profits to shareholders taking into account the level of profits,
grounded in the continuation of a stable dividend to shareholders through working to establish a more stablefinancial position and to improve profitability. This includes the purchase of treasury shares.
Based on this policy, and after giving comprehensive consideration to the forecast for the full-year results, financial
position, etc., the year-end dividend forecast has been revised from 15.00 yen per share to 25.00 yen per share(ordinary dividend: 20.00 yen per share, commemorative dividend: 5.00 yen per share), an increase of 10.00 yen
per share. As a result, the annual dividend for the current fiscal year will be 35.00 yen per share, including thesecond quarter dividend of 10.00 yen per share already paid.
(3) Reason for the payment of the commemorative dividend
The Company will celebrate the 75th anniversary of its founding on May 30, 2022. To commemorate this eventand to express our gratitude to our shareholders for their continued support, we have decided to pay acommemorative dividend of 5.0 yen per share as the year-end dividend for the fiscal year ending March 31, 2022.

NOTE: The earnings forecasts, etc. above are based on available information as of the publication date of thismaterial and the actual results, etc. may differ from forecasts due to various factors in the future.
END2