November 11, 2022
Listed Company Name:
Stock Code Number:
Stock Exchange:
Website:Representative:
For Inquiry:

Chugai Mining Co., Ltd.
1491
Tokyo Stock Exchange (Standard Market)
www.chugaikogyo.co.jp
Takeo NISHIMOTO, CEO and President
Isao SAKURABA, IR Center (Telephone: (03)3201-1541)

Differences between Business Performance Outlook and Actual Results for the Second Quarter
and Revision to Business Performance Outlook for the Fiscal Year Ending in March 2023

The actual performance figures announced today differed from the consolidated business performance outlook for thecumulative second quarter of the fiscal year ending in March 2023 announced on August 10, 2022 as follows,
The consolidated business performance outlook for fiscal year ending in March 2023 is also amended as follows.

1.

Differences between the Consolidated Business Performance Outlook and the Actual Results for theCumulative Second Quarter of the Consolidated Fiscal Year Ending in March 2023 (April 1, 2022 – September30, 2022)

Revenue

Recurring
ProfitCurrent Net
Profit perShare

Million Yen

Million Yen

Million Yen

Million Yen

Yen

Previously Announced Outlook (A)40,6002602502400.83

Revised Outlook (B)42,973371338134

0.47

Change in Value (B－A)

2,373

111

88－106

5.8

42.7

35.2

－44.2

21,437

253

216

175

Rate of Change (%)
Reference: Previous Year's Performance(Q2 of the Period Ending March 2022)

2.

Operating
ProfitCurrent Net
ProfitAttributableto Ownersof theParent

0.61

Revision to Consolidated Business Performance Outlook for the Current Consolidated Fiscal Year Ending
March 2023 (April 1, 2022 – March 31, 2023)

Revenue

Operating
ProfitRecurring
ProfitCurrent Net
ProfitAttributableto Ownersof theParent

Current Net
Profit perShare

Million Yen

Million Yen

Million Yen

Million Yen

Yen

Previously Announced Outlook (A)70,900380300280

0.97

Revised Outlook (B)78,000

660

580

370

1.28

Change in Value (B－A)

7,100

280

280

90

Rate of Change (%)

10.0

73.7

93.3

32.1

51,590

586

509

546

Reference: Previous Year's Performance(Fiscal year ending March 2022)

Copyright ©2022 Chugai Mining Co. Ltd.

All Rights Reserved

1.89

3.

Reason for the Revisions
Precious metals such as gold and platinum remained at high price range, and the supply volume of precious metal
raw materials was much higher than initially expected, leading in a high factory utilization ratio and strong demandfor jewelry. As a result, the revenue, the operating profit, and the recurring profit exceeded the previous forecast.
On the other hand, although the Company recorded an income tax-deferred loss of 99 million yen due to therecognition of deferred tax assets, impairment loss of 198 million yen, and a provision of 100-million-yen expenses
as extraordinary losses due to a resolution to demolish and rebuild an aging rental building, net income attributableto owners of the parent company fell short of the previous forecast.
As for the consolidated business performance outlook for the full year, precious metal prices are expected to remain
at high levels and the supply of precious metal raw material to remain steady due to concerns about inflation causedby soaring raw material and resource prices, geopolitical risks, and exchange rate fluctuations. As a result, therevenue, the operating profit, the recurring profit, and the current net profit attributable to owners of the parentcompany are expected to exceed the previous forecast.

Note: The above projection was established based on information available to the Company at the time of thisannouncement and the actual business performance may differ from these figures in the event of unforeseenelements taking effect after this announcement.

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 ©2022 Chugai Mining Co. Ltd.

All Rights Reserved