Note：This document has been translated from the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail.

November 9, 2022
To whom it may concern:
Company Name
Representative
Contact Us

FUJI OIL HOLDINGS INC.
Mikio Sakai, President & CEO(Code:2607 TSE Prime Market)
Katsuhiro Nagayama, General Manager,
Consolidation Accounting Group(Tel:+81-6-6459-0731）

Notice of Difference Between Forecast and Actual Earnings for the First Half andRevision to Full-Year Earnings Forecast

FUJI OIL HOLDINGS INC. announces that there was a difference between forecast earnings for the firsthalf of Fiscal Year Ending March 31, 2023, which we announced on May 10, 2022, and actual earnings.
Furthermore, in light of recent earnings trends, the company has decided to revise its full-year earnings
forecast for the Fiscal Year Ending March 31, 2023. Details of this difference and forecast revision are as
outlined below.
1. Difference between forecast and actual earnings for the first half of Fiscal Year Ending March 31, 2023
(April 1, 2022 to September 30, 2022)

Previous forecast（A）
Actual earnings（B）
Difference（B－A）
Difference ratio（%）(Reference) Previous results(First half of the fiscal year ended
March 31, 2022)

Net sales

OperatingprofitOrdinary
profitMillions of yen

Millions of yen

Millions of yen

Profitattributable toowners ofparent
Millions of yen

230,000
268,398
38,398
16.7

7,000
5,065
(1,935)(27.6)

6,700
5,363(1,337)(20.0)

4,400
3,227(1,173)(26.7)

51.19
37.55

204,503

7,913

7,631

6,015

69.98

Profit pershareYen

2. Revision to full-year earnings forecast (April 1, 2022 to March 31, 2023)

Previous forecast（A）
Revised forecast（B）
Difference（B－A）
Difference ratio（％）(Reference) Previous results(The fiscal year ended March 31, 2022)

Net sales

OperatingprofitOrdinary
profitMillions of yen

Millions of yen

Millions of yen

Profitattributable toowners ofparent
Millions of yen

480,000
550,000
70,00014.6

16,50016,500－－15,80015,800－－10,50010,500－－122.15122.15433,831

15,08814,36011,504133.84

Profit pershareYen

3. Reasons for difference and revision to full-year earnings(1) Difference between forecast and actual earnings for the first half
Net sales exceeded forecasts by 38,398 million yen. This was due to higher sales prices reflecting
rising prices for palm oil and other raw materials, as well as the effect of yen depreciation in foreignexchange rates. Operating profit was 1,935 million yen, ordinary profit was 1,337 million yen, and profit
attributable to owners of parent was 1,173 million yen, all of which were below our earnings forecast.
This was due to rising raw material prices and other factors.
(2) Revision to full-year earnings forecast
The Company has decided to revise its full-year earnings forecast for net sales upward by 70,000
million yen due to rising sales prices reflecting increases in palm oil and other major raw materials andthe effect of yen depreciation in foreign exchange rates. Considering the situation of sales for the second
half of the fiscal year and the trend of raw material prices, no change is being made to previously
announced earnings forecasts for each profit category.

(Note) The result forecasts above have been made based on information available at the time of this announcement.
The actual results may differ from the forecasts in this report due to various factors.

End