Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

May 29, 2023
To whom it may concern:
Company name:
Furukawa Co., Ltd.
Name of representative: Minoru Nakatogawa,President and Representative Director(Securities code: 5715; TSE Prime Market)
Inquiries:
Akira Mikage,
General Manager, Accounting Department(Telephone: +81-3-6636-9502)

Notice Concerning Revisions to Financial Results Forecasts
for the Fiscal Year Ending March 31, 2024
Furukawa Co., Ltd. (the “Company”) hereby announces that in light of the most recent operating trends, it hasrevised consolidated financial results forecasts for the fiscal year ending March 31, 2024 disclosed on May 12,2023, as described below.
1. Revisions to consolidated financial results forecasts for the second quarter period of the fiscal year ending
March 31, 2024 (April 1, 2023 through September 30, 2023)(Millions of yen)
Net sales

Operating profit

Ordinary profit

Profitattributable toowners of parent

Basic earnings
per share (Yen)Previously announced forecasts (A)(Announced on May 12, 2023)

92,000

3,700

3,700

2,300

60.34

Revised forecasts (B)92,000

3,700

3,700

11,600304.33

Change (B-A)

000

9,300

Change (%)

0.0

0.0

0.0

404.3

104,576

3,372

5,219

3,448

(Reference) Actual results for theprevious second quarter(Fiscal year ended March 31, 2023)

89.37

2. Revisions to consolidated financial results forecasts for the fiscal year ending March 31, 2024 (April 1, 2023
through March 31, 2024)(Millions of yen)
Net sales

Operating profit

Ordinary profit

Profitattributable toowners of parent

Basic earnings
per share (Yen)Previously announced forecasts (A)(Announced on May 12, 2023)

184,500

9,200

9,200

6,000

157.41

Revised forecasts (B)184,500

9,200

9,200

15,300401.41

Change (B-A)

000

9,300

Change (%)

0.0

0.0

0.0

155.0

214,190

9,031

9,348

6,211

(Reference) Actual results for theprevious fiscal year
(Fiscal year ended March 31, 2023)

161.97

3. Reason for revisions to consolidated financial results forecasts
As announced today (May 29, 2023) in “Notice Concerning Transfer of Non-current assets and Recording ofExtraordinary Profit (Gain on Sales of Non-current assets),” the Company expects to record extraordinary
profit in the form of a gain on sales of non-current assets totaling approximately ¥13 billion. This will result
from the transfer of part of the site of the Furukawa Osaka Building, as well as other land, as a co-ownershipinterest. After adjusting for an associated tax expense, the Company’s forecast for profit attributable to ownersof parent has been revised upward from the previous forecast announced on May 12, 2023.
4. Revisions to non-consolidated financial results forecasts for the second quarter period of the fiscal year ending
March 31, 2024 (April 1, 2023 through September 30, 2023)(Millions of yen)
Net sales

Operating profit

Ordinary profit

ProfitBasic earnings
per share (Yen)Previously announced forecasts (A)(Announced on May 12, 2023)

4,800

2,300

2,400

2,200

57.72

Revised forecasts (B)

4,800

2,300

2,400

11,500301.71

Change (B-A)

000

9,300

Change (%)

0.0

0.0

0.0

422.7

5,336

2,974

3,062

2,858

(Reference) Actual results for theprevious second quarter(Fiscal year ended March 31, 2023)

74.09

5. Revisions to non-consolidated financial results forecasts for the fiscal year ending March 31, 2024 (April 1,2023 through March 31, 2024)(Millions of yen)
Net sales

Operating profit

Ordinary profit

ProfitBasic earnings
per share (Yen)Previously announced forecasts (A)(Announced on May 12, 2023)

7,200

2,300

2,200

2,000

52.47

Revised forecasts (B)

7,200

2,300

2,200

11,300296.46

Change (B-A)

0009,300

Change (%)

0.00.0

0.0

465.0

7,834

3,254

3,1953,073(Reference) Actual results for theprevious fiscal year
(Fiscal year ended March 31, 2023)

80.14

6. Reason for revisions to non-consolidated financial results forecasts
As announced today (May 29, 2023) in “Notice Concerning Transfer of Non-current assets and Recording ofExtraordinary Profit (Gain on Sales of Non-current assets),” the Company expects to record extraordinary
profit in the form of a gain on sales of non-current assets totaling approximately ¥13 billion. This will result
from the transfer of part of the site of the Furukawa Osaka Building, as well as other land, as a co-ownershipinterest. After adjusting for an associated tax expense, the Company’s forecast for profit has been revised
upward from the previous forecast announced on May 12, 2023.

Note: Forward-looking statements provided in this document, including financial forecasts, are based on the information currently
available to the Company and certain assumptions considered reasonable. Such statements are included without any guarantee
as to their future achievement. Actual results, etc. may differ materially from the forecasts depending on various factors.