May 8th, 2024
Company name: Fukuda Denshi Co., Ltd.
Representative: Daijiro Shirai, President & COO
TSE-Standard Market code no.: 6960
Inquiries: Business Planning Department
Telephone: +81-3-5684-1558

Notice of the Revision Forecast of the Financial Resultsand Forecast of Year-end Dividend (Dividend Increase)
Fukuda Denshi has revised the forecast of the financial results for the fiscal year ending March 31st,2024, and the forecast of year-end dividend based on the recent business conditions.
1. Forecast of the Financial Results(1) Forecast of consolidated financial results for the fiscal year ending March 31st, 2024
(April 1st, 2023 through March 31st, 2024)(% represents increase or decrease from the previous forecast)ProfitOperating
Ordinary
attributable
Earnings
Net sales
ProfitProfitto owners ofper shareparentmillion yen
million yen
million yen
million yen
yenPrevious forecast (A)134,000

24,00024,00016,500545.42This forecast (B)140,000

26,30026,80018,500616.01

Fluctuation (B-A)+6,000+2,300+2,800+2,000Fluctuation rate (%)+4.5+9.6+11.7+12.1(Rf) Previous FY
ended March 2023

134,648

24,09325,081

17,278571.25(2) Reasons for revisions
The forecast of consolidated “Net sales” is expected to be 140,000 million yen (up 6,000 million yen,from the previous forecast) due to the sales growth of infection control related products with the continuing
medical demand.
Also, “Operating Profit”, “Ordinary Profit” and “Profit attributable to owners of parent” are most likely
exceeding the previous forecast, due to the favorable product mix.

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2. Forecast of Year-end Dividend(1) Forecast of Year-end Dividend
Annual Dividends per share

End of thesecond quarter

Year-end

AnnualPrevious forecast(January 31st,2024)-

85.00yen

165.00yen

This forecast-

105.00yen

185.00yen

80.00yen--

Dividend forthe fiscal year ending
March 31st, 2024

Dividend for
140.00yen
100.00yen
the previous fiscal year
ended March 31st, 2023
(Note)
Fukuda Denshi Co., Ltd. (hereinafter mentioned as "the Company") conducted a stock split at a ratio of
two shares for one common share, effective as of December 1st, 2022. Dividends per share for the second
quarter of the fiscal year ended March 31st, 2023 are the amounts prior to the stock split. Dividends forthe fiscal year ended March 31st, 2023 and the fiscal year ending March 31st, 2024 are the amounts after
the stock split. For the reason, the total dividends for the fiscal year ended March 31st, 2023 are notindicated.
(2) Reasons for revisions
The Company has long positioned the return of profits to shareholders as the most importantmanagement measure, and has established a basic policy to enhance and strengthen its corporate
structure while maintaining necessary internal reserves, developing competitive businesses, andcontinuing stable profit return.
Regarding the dividend for the fiscal year ending March 31st, 2024, the year-end dividend forecast witha record date of March 31st, 2024 will be an ordinary dividend of 60 yen, a special dividend of 45 yen, fora total of 105 yen in accordance with the revision of the earnings forecast.
※The forecasted financial results described above are based on information available as of the release
date of this announcement. Actual results may differ from the results projected and presented hereby
for a variety of reasons. It will be promptly announced as soon as the revision of the forecast is needed.
※This English translation is for reference purposes only. The original Japanese version will prevail as
the official authoritative version.

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