October 24, 2022
To whom it may concern
Company name:ORGANO CORPORATION

Representative name: Masayuki Yamada
Representative Director and President(Securities Code: 6368, Stock Exchange: TSE Prime Market)
Inquiries:

Shigeru Sonobe
General Manager of Accounting Dept.,
Corporate Management and Planning(TEL: +81-3-5635-5111)

Parent company:

Tosoh Corporation

Representative name: Mamoru Kuwada
Representative Director and President(Securities Code: 4042, Stock Exchange: TSE Prime Market)

Notice Regarding Revisions to Consolidated Earnings Forecasts and Dividend Forecasts
ORGANO CORPORATION (the “Company”) hereby announces that, in light of recent performance trends
and other factors, it has revised the consolidated earnings forecasts and dividend forecasts, which wereannounced on May 12, 2022, as shown below.
1. Revisions to consolidated earnings forecasts(1)

Revisions to the consolidated earnings forecasts for the six months ended September 30, 2022 (April1, 2022 to September 30, 2022)
Net sales

OperatingprofitProfitattributable to Basic earnings
Ordinary profit
owners ofper shareparentMillions of yen Millions of yen Millions of yen Millions of yen

Yen

Previous forecast (A)60,000

4,000

4,000

2,800

61.11

Revised forecast (B)62,000

6,500

7,400

5,000

109.07

Change (B-A)

2,000

2,500

3,400

2,200

Change (%)

3.3

62.5

85.0

78.6

50,001

3,771

4,193

2,696

Reference:Six months results ended
September 30, 2021

- 1 -

58.70

(2)

Revisions to the consolidated earnings forecasts for the fiscal year ending March 31, 2023 (April 1,2022 to March 31, 2023)
Net sales

Operatingprofit

Profitattributable to Basic earnings
Ordinary profit
per shareowners ofparent

Millions of yen Millions of yen Millions of yen Millions of yen

Yen

Previous forecast (A)125,000

11,70011,7008,200

178.97

Revised forecast (B)140,000

14,50015,20011,500250.86

Change (B-A)

15,000

2,800

3,500

3,300

Change (%)

12.0

23.9

29.9

40.2

112,069

10,850

11,5459,210

Reference: Full-year results
ended March 31, 2022

200.67* The Company implemented a 4-for-1 share split of common shares on October 1, 2022. Basic earnings
per share are calculated on the assumption that said share split was conducted at the beginning of theprevious fiscal year.
2. Reasons for revisions(1)

Consolidated earnings forecasts for the six months
With respect to the earnings forecasts for the six months, the Company expects to receive orders of¥78,000 million (an increase of 11.4% from the initial plan) mainly because the Company anticipatesthat it will be able to secure orders that exceed the initial expectations, centered on the electronics fieldoverseas. Furthermore, in addition to the growth from the increase in orders received, net sales areexpected to exceed the amount in the initial plan due to the anticipated translation differences for net
sales overseas resulting from the weakening yen and other factors. Regarding profits, although there
are concerns over the impact of rising prices for raw materials, energy, etc., the profit amounts are
expected to exceed those in the previous forecasts because the Company anticipates that it will be able
to achieve a gross profit margin that exceeds the initial expectation due to passing costs through forproducts, progress made in reducing costs, etc., as well as due to the expected recording of foreignexchange gains as non-operating income and other factors.

(2)

Consolidated earnings forecasts for the fiscal year
With respect to the full-year earnings forecasts, the Company expects to receive orders of ¥170,000
million (an increase of 36.0% from the initial plan) because the Company anticipates that orders will
exceed the initial expectations, centered on the electronics field overseas, the general industry field inJapan, etc. In addition, net sales are expected to exceed the amount in the initial plan, centered on theelectronics field that is generating strong orders, and the profit amounts are expected to exceed thosein the previous forecasts, reflecting the impact of expanded sales.

- 2 -3. Revisions to dividend forecasts(1)

Reasons for revisions to dividend forecasts
The Company treats the return of profits to shareholders as one of the Company’s importantmanagement agendas, and it strives to provide distribution of profits in a way that considers theCompany’s revenue status, while adhering to a basic policy of providing stable and continuousdividends. In addition, for the current Medium-Term Management Plan that will end in the fiscal year
ending March 31, 2025, the Company will continue to balance investment for growth and increased
dividends, and aims to raise the payout ratio to a level of 25% or higher at an early stage.
Having given consideration to the above policy and revisions to the earnings forecasts, etc., theCompany will revise the interim dividend for the fiscal year ending March 31, 2023 to ¥116, which isan increase of ¥36 per share from the latest forecast, and the year-end dividend to ¥29, which is anincrease of ¥9 per share.

(2)

Details of revision
Annual dividends per share
Second quarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Previous forecast(Announced on May 12, 2022)

80.00

20.00

–Revised forecast

116.00

29.00

–

72.00

88.00

160.00

Dividends paid
(FYE March 31, 2023)
Dividends paid
(FYE March 31, 2022)* The Company implemented a 4-for-1 share split of common shares on October 1, 2022. The year-end
dividend per share for the fiscal year ending March 31, 2023 (forecast) is stated taking into account theeffect of such share split, and the total annual dividend is stated as “–.” The year-end dividend per sharefor the fiscal year ending March 31, 2023 (forecast) that does not take the share split into account is ¥116,and the total annual dividend per share is ¥232.
* The earnings forecasts are based on information available to the Company as of the date of thismaterial’s release. Actual earnings results may differ from the forecast figures due to various factors
going forward.

- 3 -