For Immediate Release

October 17, 2012

Company Name: Kurita Water Industries Ltd.
Representative:

Toshiyuki Nakai, President

Securities Code:6370, First Section of TSE and OSE

Contact:

Michiya Kadota,
General Manager of Finance and Accounting Department(Tel. +81-3-6743-5013)

Kurita Water Industries Revises Earnings Forecast
Kurita Water Industries Ltd. announces that, in light of its recent operating performance, it has revised theearnings forecast that it issued on April 27, 2012 for the first six months of the fiscal year ending March 31,
2013 (April 1, 2012 – September 30, 2012) and the full fiscal year (April 1, 2012 – March 31, 2013).
Details appear below.

1. Earnings Forecast Revision(1) Revision of consolidated earnings forecast for the first six months of fiscal year ending March 31,
2013 (April 1, 2012 – September 30, 2012)
Net sales

Operating
Ordinary
incomeincome(millions of yen)Net
incomeNet income
per share(yen)Previous forecast (A)95,00013,50013,700

7,500

59.21

Revised forecast (B)90,20010,80011,300

4,850

38.29

Change (B – A)

(4,800)(2,700)(2,400)(2,650)—Percent change
For reference:First six months of thefiscal year ended March31, 2012 (actual)(5.1)%(20.0)%(17.5)%(35.3)%—

89,51513,017

13,384

7,881

62.23

(2) Revision of consolidated earnings forecast for the full fiscal year ending March 31, 2013 (April 1,2012 – March 31, 2013)
Net sales

Operating
Ordinary
incomeincome(millions of yen)

NetincomeNet income
per share(yen)Previous forecast (A)200,000

29,50030,00017,500138.17

Revised forecast (B)196,000

25,00025,70013,600107.37

Change (B – A)

(4,000)(4,500)(4,300)(3,900)—Percent change
For reference:
Fiscal year ended March
31, 2012 (actual)(2.0)%(15.3)%(14.3)%(22.3)%—

193,792

29,38230,36916,548130.65

2. Reason for revisions(1) Earnings forecast for the six months ended September 30, 2012
Net sales are expected to increase in comparison with the same period of the previous fiscal year, but
decline in comparison with the previous forecast due primarily to domestic customers’ consolidation of
manufacturing sites and lower capacity utilization rates, a slowdown in European, Chinese and otheroverseas economies, along with the curbing and postponement of capital investment by major East Asiancustomers.
Income is expected to decline significantly in comparison with the same period of the previous fiscal
year due to deterioration in the cost to sales ratio, an increase in general administrative expenses resulting
from the relocation of the head office, and a loss on valuation of investment securities totaling
approximately ¥2.3 billion posted as an extraordinary loss.
(2) Earnings forecast for the fiscal year ending March 31, 2013
The Company does not expect a significant recovery in customer capacity utilization rates or capital
investment demand in the second half of the fiscal year, and in consideration of the earnings forecast for
the first six months of the fiscal year ending March 31, 2013, both net sales and income are expected to belower than the previous forecast.
There is no change to the dividend forecast.
Earnings forecast are based on information currently available to the Company, and actual results may bematerially different from these forecasts due to a variety of factors.