July 29, 2024

PRESS RELEASEKOITO MANUFACTURING CO., LTD.
Representative Director: Michiaki Kato, President(Stock Code: 7276 Prime Market, TSE)
Inquiries: Takahito Otake, Senior Managing Corporate Officer(Tel: +81-3-3443-7111)

Announcement Regarding the Revision of the Business Results Forecast
KOITO MANUFACTURING CO., LTD. (“KOITO”) announces that, based on the latest its operational trend, it
has revised its consolidated and non-consolidated business results forecast of fiscal 2024, the year ending March31, 2025, which were announced in the Consolidated Earnings Report released on April 25, 2024, as shown
below:
1. Revision of the Consolidated Business Results Forecast(1) The Business Results Forecast for the First Half of the Year Ending March 31, 2025
(April 1, 2024 to September 30, 2024)
Net sales

OperatingincomeRecurringprofit(¥ millions)

Profitattributable toowners ofparent

Net income
per share (¥)

Previously-announced
forecast (A)460,000

22,50025,50014,50047.11

Revised forecast (B)452,000

20,50024,50014,50047.81

Difference (B-A)△8,000△2,000△1,000－Change (%)

△1.7

△8.9

△3.9－(Reference) Actual resultsfor previous fiscal year
(fiscal 2023)

468,153

32,51336,90925,524(2) The Full-Year Business Results Forecast for the Year Ending March 31, 2025
(April 1, 2024 to March 31, 2025)
Net sales

Operatingincome

Recurringprofit80.76(¥ millions)
Profitattributable toowners ofparent

Net income
per share (¥)

Previously-announced
forecast (A)956,000

58,00063,50042,000136.46

Revised forecast (B)928,500

49,00054,50037,000122.00Difference (B-A)△27,500△9,000△9,000△5,000Change (%)

△2.9

△15.5

△14.2

△11.9(Reference) Actual resultsfor previous fiscal year
(fiscal 2023)

950,295

55,99563,26540,8791130.93

2. Revision of the Non-consolidated Business Results Forecast(1) The Business Results Forecast for the First Half of the Year Ending March 31, 2025
(April 1, 2024 to September 30, 2024)
OperatingRecurring
Net sales
Net income
incomeprofitPreviously-announced
165,000
4,000
18,00014,000forecast (A)Revised forecast (B)158,000

1,500

18,00015,500Difference (B-A)△7,000△2,500－1,500

Change (%)△4.2△62.5－

10.7(Reference) Actual resultsfor previous fiscal year
(fiscal 2023)170,301

13,707

27,773

19,203(2) The Full-Year Business Results Forecast for the Year Ending March 31, 2025
(April 1, 2024 to March 31, 2025)
OperatingRecurring
Net sales
Net income
incomeprofitPreviously-announced
345,000
12,50033,00029,000forecast (A)Revised forecast (B)332,000

6,000

28,50028,000Difference (B-A)△13,000△6,500△4,500△1,000Change (%)

△3.8

△52.0

△13.6

△3.4(Reference) Actual resultsfor previous fiscal year
(fiscal 2023)

341,254

18,39340,00026,092(¥ millions)
Net income
per share (¥)
45.49
51.11

60.76(¥ millions)
Net income
per share (¥)
94.22
92.32

83.57

3. Reasons for the Revision
In Japan, the impact of production and shipping suspension continues due to fraud and other issues in automobilemanufacturers. In addition, we expect a prolonged production cutback of Japanese vehicles in China and othercountries reflecting sluggish sales and declining market share of Japanese cars, and a delay in the recovery ofautomobile demand due to continued high interest rates in Asia. As a result, the business environment surrounding
KOITO is very severe, and global automobile production volume for the fiscal year ending March 31, 2025 is
expected to decrease compared to our previous forecasts.
Under these situations, we have revised its consolidated and non-consolidated business results forecast for the firsthalf and full year of the fiscal year ending March 31, 2025.
The exchange conversion rate based on the full year business forecast for the fiscal year ending March 31, 2025
is calculated as 1 US$ =¥ 152.1 and 1 CNY =¥ 20.8.
The KOITO's performance may fluctuate significantly depending on the trends in automobile demand and otherfactors. We will promptly announce any matters that should be disclosed.
(Note) The above projections are based on information available at the time of release of this news and are notintended as a guarantee that they will be realized. Actual results could differ from projections due to a variety offactors.

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