August 7, 2020
Company name: YAMAZEN CORPORATION
Representative: Yuji NAGAO, President, CEO(Code No. 8051; The first section of Tokyo Stock Exchange)
Inquiries: Hayato HIRATA, Manager, IR & PR Dept.
TEL 06-6534-3095

Notice Regarding Earnings Forecast and Dividend Forecast
YAMAZEN CORPORATION (the “Company”) hereby announces its forecasts of consolidated financial results
and the dividend forecast for the year ending March 31, 2021, which were left undecided in Summary ofConsolidated Financial Results for the Year Ended March 31, 2020 (Based on Japanese GAAP) released on May14, 2020.
1. Earnings Forecast(1) Six months results forecast (April 1, 2020 to September 30, 2020)
OperatingOrdinary
Net sales
profitprofitmil.
JPYmil.
JPY
mil. JPY
Previously announced

Profit attributableto owners of parent
mil. JPY

Earnings pershare
JPY——forecasts (A)—Revised forecasts (B)200,000

Changes (B–A)

—

—

—

—

Percentage changes (%)
Reference: six months
results for fiscal year ended
March 31, 2020

——

—

—

—

—

1,950

20.66

6,209

4,036

42.69

(2) Full-year results forecast (April 1, 2020 to March 31, 2021)
Operating
Ordinary
Net sales
profitprofit
mil.
JPY
mil.
JPY
mil. JPY
Previously announced

Profit attributableto owners of parent
mil. JPY

Earnings pershare
JPY

—

—

242,862

3,000

6,290

3,000

forecasts (A)—Revised forecasts (B)420,000

Changes (B–A)

—

—

—

—

Percentage changes (%)
Reference: Full-year results
for fiscal year ended March
31, 2020

—

—

—

—

472,191

12,091

11,895

—

—

8,000

1

8,000

5,200

55.10

8,088

85.60

2. Reasons for earnings forecast
The Company initially left the consolidated earnings forecasts for the year ending March 31, 2021 undecided
because of the difficulty in making a reasonable calculation due to the effect of the spread of the novel
coronavirus disease (COVID-19).
Currently there are still no prospects for when the COVID-19 crisis will clear up and there has been an
unavoidable impact on capital investment and the consumer mindset. Nevertheless, the Company has announced
its forecast for the full-year results based on information that is currently available. Please note, however, that
actual results could turn out to be considerably different from these results forecasts depending on the future
impact of the spread of COVID-19. If it becomes necessary to announce revised forecasts due to the impact offuture developments, the Company will promptly announce them.
3. Dividend forecast (fiscal year ending March 31, 2021)
Dividend per share
Second quarter-end

Fiscal year-end

Total

Previous forecast———

Revised forecast

10.00 yen——

16.00 yen

14.00 yen

30.00 yen

Cash dividends paid for theprevious fiscal year (fiscalyear ended March 31, 2020)
4. Reasons for dividend forecast
The Company seeks to maintain stable dividends on a continual basis from a long-term perspective while giving
comprehensive consideration to the consolidated financial results, financial position, dividend payout ratio, etc.
The Company has announced a divided per share forecast of 10.00 yen for the second quarter-end but continues toleave the year-end dividend undecided due to the uncertainty of the future impact of COVID-19. When such a
calculation becomes possible, the Company will promptly announce the year-end divided forecast.
NOTE: The earnings forecasts, etc. above are based on available information as of the publication date of thismaterial and the actual results, etc. may differ from forecasts due to various factors in the future.
END

2