May 14, 2024

Listed Company Name:
Representative:
For Inquiry:
Website:

Chugai Mining Co., Ltd.

(Stock code no.: 1491, Tokyo Stock Exchange Standard Market)
Takeo NISHIMOTO, CEO and President
Isao SAKURABA, IR Center (Telephone: 03-3201-1541)
www.chugaikogyo.co.jp

Revisions to Business Performance Outlook for the Fiscal Year Ending in March 2024
and Distribution of Dividends from Surplus

The consolidated business performance outlook for fiscal year ending in March 2024 announced on November 10, 2023
has been amended as follows.
The Company hereby announce that it has decided a to propose the payment of dividends from surplus at follows.

1.

Differences between the Consolidated Business Performance Outlook and the Actual Results for the Fiscal
Year Ending in March 2024 (April 1, 2023 – March 31, 2024)

Revenue

Recurring
ProfitCurrent Net
Profit per
ShareMillion Yen

Million Yen

Million Yen

Million Yen

Yen

Previously Announced Outlook (A)98,300

580

460

450

1.56

Revised Outlook (B)113,758

363

251

218

0.76

Change in Value (B－A)

15,458

△217

△209

△232

15.7

△37.4

△45.4

△51.6

84,822794648

398

Rate of Change (%)
Reference: Previous Year's Performance(Fiscal Year Ending March 2024)
2.

Operating
ProfitCurrent Net
ProfitAttributableto Ownersof theParent

1.38

Reason for the Differences
As for the consolidated financial results of the fiscal year, the revenue increased by 15,458 million yen from thepreviously announced outlook due to an increase in both gold bullion prices and gold bullion trading volume in the
precious metals business, as gold prices remained at record high levels against the backdrop of trends in policy
rates of major banks in various countries and geopolitical risks including the U.S. economy, and the situations in
Ukraine and the Middle East.
On the other hand, operating profit, recurring profit, and net profit attributable to the shareholders of the parent
company were affected by the following factors in the Precious Metals Business: higher energy prices due to theweaker yen, increase in production costs due to a significant increase in the volume of raw materials collected inaddition to an increase in resource prices resulting from a sharp rise in the price of gold, and continuous downward
trend of palladium price due to the outlook of declining demand and lack of new demand in the future with the rising
popularity of EVs. Also, the profit margin of self-operated auctions declined due to the shrinking market size of thejewelry industry. In addition, due to efforts to optimize inventory of some products, the Content Business recorded
operating profit of 217 million yen, recurring profit of 209 million yen, and net profit attributable to the shareholdersof the parent company was 232 million yen, down from the previous outlook.

Copyright ©2024 Chugai Mining Co. Ltd.

All Rights Reserved

3.

Distribution of Dividends from Surplus(1) Details of the Dividends

March 31, 2024
JPY0.00－

Most recent dividend
forecast(November 10, 2023)
March 31, 2024
TBD－－－

June 30, 2023－

Retained earnings

Determined Amount
Record date
Dividend per share
Total amount of dividends
Effective date
Source of dividends－Dividend paid for theprevious fiscal year
(FY ending March 2023)
March 31, 2023
JPY0.50
JPY144 million(Reference) Breakdown of Annual Dividend
Dividend per Share
Record date
Actual result for thecurrent period
Previous year’s result(FY ending March 2023)

Second QuarterEnd of the FY

Annual

JPY0.50

JPY0.00

JPY0.50

JPY0.00

JPY0.50

JPY0.50(2) Reason
The Company's basic policy for profit distribution is to continue to pay stable dividends while securing the necessaryinternal reserves for future business development and strengthening of the management structure.
Although the Company paid an interim dividend of surplus with a payout ratio of 65.9% at the end of the second
quarter of the current fiscal year (ending March 31, 2024), but as the financial results for the current fiscal year werelower than previously forecast for the aforementioned reasons and others, the Company has decided not to pay ayear-end dividend for the current fiscal year (ending March 31, 2024).
The Company will continue to make efforts to improve profitability and would appreciate your continued support.

This is an English translation of the financial report created in Japanese.
Should there be any discrepancies between the Japanese original and the English translation, the Japanese original shall prevail.

Copyright ©2024 Chugai Mining Co. Ltd.

All Rights Reserved