October 25, 2023
To whom it may concern
Company name:ORGANO CORPORATION

Representative name: Masayuki Yamada
Representative Director and President(Securities Code: 6368, Stock Exchange: TSE PrimeMarket)
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, 2023, as shown below.
1. Revisions to consolidated earnings forecasts(1) Revisions to the consolidated earnings forecasts for the six months ended September 30, 2023 (April1, 2023 to September 30, 2023)
Profitattributableto owners ofparent

Basicearnings pershare

Millions of yen Millions of yen Millions of yen Millions of yenYenNet sales

OperatingprofitOrdinary
profitPrevious forecast (A)70,000

6,600

6,600

4,600

100.24

Revised forecast (B)65,000

7,800

8,500

5,500

119.80Change (B-A)(5,000)

1,200

1,900

900

Change (%)

(7.1)

18.2

28.8

19.6

62,117

6,510

7,451

5,027

Reference:Six months results ended
September 30, 2022－1－

109.67

(2) Revisions to the consolidated earnings forecasts for the fiscal year ending March 31, 2024 (April 1,2023 to March 31, 2024)
Profitattributableto owners ofparentBasicearnings pershare

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

Yen

Net salesOperating
profitOrdinary
profitPrevious forecast (A)150,000

16,00016,000

11,200244.07

Revised forecast (B)150,000

20,00020,70014,000304.95

Change (B-A)

04,000

4,700

2,800

Change (%)

0.0

25.0

29.4

25.0

132,426

15,212

16,02011,730

Reference: Full-year results
ended March 31, 2023

255.77

2. Reasons for revisions(1) Consolidated earnings forecasts for the six months
With respect to the earnings forecasts for the six months, we are expecting orders received of ¥76,000
million (up 8.6% from the initial forecast), net sales of ¥65,000 million (down 7.1%), operating profitof ¥7,800 million (up 18.2%), ordinary profit of ¥8,500 million (up 28.8%), and profit attributable toowners of parent of ¥5,500 million (up 19.6%). For large-scale plant projects in the Water Treatment
Engineering Business Unit, we expect net sales to decline owing to greater-than-expected delays inconstruction projects, despite a larger-than-expected increase in orders received for projects orderedahead of schedule. The profit amounts are expected to exceed those in the initial forecasts because ofimprovements achieved in the profitability rate as a result of reducing costs in large-scale plant projects
in Japan and abroad, particularly in the electronics industry, and various measures to improve
profitability, along with strong results in the Service Solutions Division and the Performance Products
Business Unit and the expected recording of foreign exchange gains as non-operating income.
(2) Consolidated earnings forecasts for the fiscal year
With respect to the full-year earnings forecasts, we are expecting orders received of ¥150,000 million(on par with the initial forecast), net sales of ¥150,000 million (on par with the initial forecast),
operating profit of ¥20,000 million (up 25.0% from the initial forecast), ordinary profit of ¥20,700
million (up 29.4%), and profit attributable to owners of parent of ¥14,000 million (up 25.0%).
Regarding orders received and net sales, we expect that capital investments and progress ofconstructions to be generally according to forecasts for the full year, despite observing that someprojects are currently experiencing delays regarding investment plans and construction progress in theelectronics industry. Moreover, the Company expects to achieve the initial forecasts due to the strong
performance of the Service Solutions Division and the Performance Products Business Unit. Moreover,regarding profits, the Company is expecting to achieve a level of profits exceeding the initial forecast
mainly due to the aforementioned improvement in the profitability rate of plant projects and the strong－2－performances from the Service Solutions Division and the Performance Products Unit.
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 most importantmanagement agendas, and it strives to provide distribution of profits taking into account theCompany’s revenue status while adhering to a basic policy of providing stable and continuousdividends. Furthermore, in the current Medium-term Management Plan, which has the fiscal year
ending March 31, 2026, as its final year, the Company will aim balance shareholder returns withgrowth investment, and striving to continue to increase dividends, it aims to raise the payout ratio toa level of 30% or higher.
Having given consideration to the above policy and revisions to the earnings forecasts, etc., theCompany has revised its forecasts for the interim dividend and the year-end dividend for the fiscal
year ending March 31, 2024, to ¥41 per share for each, which is an increase of ¥8 per share,respectively (total annual dividends of ¥82).
(2) Details of revision
Annual dividends per share
Second quarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Previous forecast(Announced on May 12, 2023)

33.00

33.00

66.00

Revised forecast

41.00

41.00

82.00

116.00

33.00–Dividends paid
(FYE March 31, 2024)
Dividends paid
(FYE March 31, 2023)* The Company implemented a 4-for-1 share split of common shares on October 1, 2022. For the dividend
per share for the second quarter-end of the fiscal year ended March 31, 2023, the amounts before the share
split are stated, and “–” is stated for the total annual dividends per share. The annual dividends per sharefor the fiscal year ended March 31, 2023, after being converted based on the number of shares after theshare split would have amounted to ¥62.
* 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.

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