September 25, 2020

To our shareholders

Company Name:Optorun Co., Ltd.
Name of Representative: Ihei Hayashi
Representative Director and President/CEO(Securities Code: 6235 Tokyo Stock Exchange Section 1)
Inquiries:
Toshinori Takahashi
Director and Senior Managing
Executive Officer
General Manager of Management
Department and Corporate Planning Office(TEL: +81-3-6635-9487)
Revision of Earnings and Dividend Forecasts for the Fiscal Year 2020

We have revised our forecasts for earnings and dividends for the year ending December 2020, which weoriginally announced on February 13, 2020, based on our current forecasts.

1. Revised Earnings Forecast
Revised Consolidated Earnings Forecast for Fiscal Year Ended December 31, 2020 (January 1 to December31, 2020)
NNetOperatingO r d i n a r yProfit attributable toi n c o m e

i n c o m eowners of parent

salesetincomePer share

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Yen

Previous forecast (A)46,20012,00012,0009,200

216.94

Revised forecast (B)37,000

9,400

9,700

7,100

166.64

Change(B-A)( % )△2,600△2,300△2,100-C h a n g e△9,200△22.8-42,822

10,87911,031

9,101

216.69( R e f e r e n c e )

△19.9

△21.7

△19.2

Consolidated results forthe previous fiscal year
FY12/19(Reasons for the revision)
With the impact of the COVID-19 pandemic on the global economy being materialized, the recovery of demandfor end products, especially the ones requiring the highest-grade deposition technology that we see as our majormarket segment, has been sluggish, and the new order flow for our equipment has been slow. Our equipment orders
were also negatively impacted by the U.S. economic sanctions on China that curtailed the production of certain
Chinese smartphone manufacturer and delayed the launch of new smartphones. Taking these factors into account,
we have decided to revise downwards the 2020 financial forecast.

Sales for smartphone and IoT-related products applications such as for automobiles, bio-authentication andoptical communications are expected to remain firm, but sales forecast for camera lens and LED applications are
below initial expectations. While the development of certain new types of products including ALD and 5G opticalcommunication equipment are complete with incoming orders already starting to contribute to our business, it ismore likely to be during the year 2021 and beyond that these products start to contribute to earnings in significant
magnitude.

Profits are expected to decline due to the sales drop. We expect the cost-of-goods-sold ratio to increase slightly,
but both the SG&A expense and the ordinary income ratios to remain unchanged. While we are making continuous
cost reduction efforts through improving production efficiency and procurement cost management alongside SG&Acontrol, we plan to spend necessary amount on R&D activities in order to stay committed to focusing on developing
new types of equipment for generating future revenue pipelines,.

2. Revised Dividend Forecast
Cash dividends per share (Yen)End of second quarterEnd of term

Total

Previous Forecast-60.0060.00

Revised forecast-50.0050.00

Resu lts in FY 2 0 2 00.00--0.00

60.00

60.00

Results for the previous
FY 12/2019(Reason for the revision)
We maintain our policy to retain earnings required for necessary R&D activities and to strengthen our production
system and improve quality. We will also actively look for opportunities for strategic investment and alliances for
future growth. While keeping liquidities for these activities, we remain flexible to return earnings to shareholders inaccordance with our earnings level. We are aiming for a consolidated dividend payout ratio of about 30% to realize
a stable dividend per share.
Based on the above policy and the earnings forecast revision, we will revise the year-end dividend forecast to 50
yen per share, down 10 yen from 60 yen per share.

(NOTE) The above forecasts are based on currently available information. Actual results may differ from forecasts,
and dividends may vary accordingly.
End of document