October 29, 2020

For Immediate Release
Ryosan Company, Limited
Representative: Kazuhiko Inaba
Representative Director, President
Listing Code No.: 8140
Listing: First Section, Tokyo Stock Exchange
Inquiries: Norihiko Takahashi
Executive Officer
General Manager, Corporate Planning
Headquarters
TEL: +81-3-3862-3816

Notice Concerning Forecast of Business Results, Dividends of Surplus (InterimDividend) and Dividend Forecast (Year-end)
Ryosan Company, Limited (“the Company”) hereby announces its forecast of full-year businessresults for the consolidated fiscal year 2020 (April 1, 2020 to March 31, 2021), as well as thedividends of surplus (interim dividend) and dividend forecast (year-end), which were previously
undisclosed.
1. Forecast of Business Results(1) Forecast of Full-Year Business Results for the Consolidated Fiscal Year 2020
ProfitBasic
attributableearnings per
to owners ofshareparentNet sales

OperatingincomeOrdinary
incomeMillion yen

Million yen

Million yen

Million yen

Yen

Previous forecast (A)－－－－－Revised forecast (B)200,000

2,200

2,600

2,200

93.90

Change (B-A)－－－－

Rate of change (%)
Reference: Businessresults for the previous
fiscal year (April 1,2019 to March 31,2020)－－－－

227,297

3,108

2,916

1,193

50.96

(2) Reason
The COVID-19 pandemic is depressing demand, particularly in the automotive sector, taking asignificant toll on the business activities of the Company. In the consolidated business results for the1fiscal year ending March 31, 2021, the Company forecasts net sales of 200,000 million yen (down12.0% against the previous fiscal year), operating income of 2,200 million yen (down 29.2%) andordinary income of 2,600 million yen (down 10.9%). Profit attributable to owners of parent, on theother hand, is forecast to rise to 2,200 million yen (up 84.3%), due to an absence of incidents suchas impairment losses from domestic branch restructuring and a transient extraordinary loss from
implementation of voluntary retirement in the previous fiscal year.
2. Dividends of Surplus (Interim Dividend) and Dividend Forecast (Year-end)(1) Details of Dividends of Surplus (Interim Dividend)

Record dateDecision

Most recent dividend
forecast(Published May 14,2020)

Dividends inprevious fiscal year(Interim period offiscal year endedMarch 31, 2020)

September 30, 2020

September 30, 2020

September 30, 2019

Dividend per share (yen)30.00－50.00Total amount of dividends(million yen)

702

－

1,171

November 27, 2020－

November 29, 2019

Retained earnings－

Retained earnings

Effective date
Dividend resource(2) Details of Dividend Forecast (Year-end)
Dividends per share
End of 1Q

End of 2Q

End of 3Q

Year-end

Annual

Yen

Yen

Yen

Yen

Yen

Previous forecast－－－－－

Revised forecast－－－

30.00

60.00

Dividends in current
fiscal year

－

30.00

Dividends in previousfiscal year (April 1,2019 to March 31,2020)－50.00－30.0080.00(3) Reason
The Company regards the return of earnings to shareholders as one of the most important elementsof management and is making every effort to increase basic earnings per share. Ryosan’s basic
policy is to achieve a consolidated payout ratio of 50% or higher, to maintain a stable, highdividend.
At the Board Meeting of October 29, 2020, the Company resolved to issue an interim dividendof 30 yen per share. The annual dividend per share is expected to be 60 yen.
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