September 22, 2022

Notice of Revision of the Consolidated Financial Forecast (Upward Revision)
IDEC CORPORATION (hereafter: the Company) hereby revised the consolidated financial forecast
for the year ending March 31, 2023, released on May 13, 2022, as per the resolution of the Board ofDirectors as follows.
1. Revision of the consolidated financial forecast for the year ending March 31, 2023
(April 1, 2022 to March 31, 2023)(Millions of yen)
Net income
Operating
Ordinary
attributable toEarnings perNet Sales
incomeincomeshareholders ofshare (Yen)parent company
Previous forecast (A)(announced on May
74,50010,80010,8007,500250.8813, 2022)
Revised forecast (B)83,50013,40014,0009,400

323.77

Change (B-A)＋9,000＋2,600＋3,200＋1,900－

Rate of change (%)＋12.1％＋24.1％＋29.6％＋25.3％－

70,789

9,672

10,398

7,896

264.12(Ref.)
Results for previous year(the year ending March 31,2022)

Reasons for revision
The sales in major markets including Japan, US, EU, China and Southeast Asia are stronger than
anticipated, and we expect our net consolidated sales to exceed our initial forecast by more than10%. Thanks to these additional sales, we could more than compensate the impact of soaring raw
materials and other costs, hence our operating income, ordinary income and net income are also
expected to significantly exceed the initial forecast. The company decided to revise its consolidated
financial forecast upward for full year as below.
Expected full-year dividends remain unchanged at 100JPY/share with both interim dividend andyear-end dividend at 50 JPY/share.

2. Consolidated financial forecast for the first half of the year ending March 31, 2023(April 1, 2022 to September 30, 2022)(Millions of yen)
Net Sales

Operatingincome

Ordinary
incomeNet income
attributable toshareholders ofparent company

Earnings pershare (Yen)Revised forecast(First half of the year)

42,500

7,200

7,800

5,300

182.55(Ref.)
Results for previous year(the year ending March 31,2022)

34,856

4,853

5,022

3,526

117.58

3. Forecast of sales per regions and per products for the year ending March 31, 2023
(April 1, 2022 to March 31, 2023)(1) Sales by regions(Millions of yen)Previousforecast (A)（announced onMay 13, 2022

Revisedforecast (B)Change(B-A)

Rate ofchange (%)(Ref.) Results forprevious year(the year ending
March 31, 2022)

Japanese sales

32,00034,200＋2,200＋6.9％30,904

Overseas sales

42,50049,300＋6,800＋16.0％

39,885

Total

74,50083,500＋9,000＋12.1％

70,789(2) Sales by products(Millions of yen)Previous
forecast (A)（announced onMay 13, 2022

Revisedforecast (B)Change(B-A)

Rate ofchange (%)(Ref.) Results forprevious year(the year ending
March 31, 2022)

Industrial Switches
Industrial Relays &Components
Automation & Sensing
Safety & Explosion
Protection
Systems

35,50039,400＋3,900＋11.0％

33,191

14,50017,000＋2,500＋17.2％

13,625

9,100

10,600＋1,500＋16.5％

9,958

9,800

10,900＋1,100＋11.2％

8,908

4,500

4,500

－

－

3,742

Others1,100

1,100－

－

1,363

Total

74,50083,500＋9,000＋12.1％

70,789Note: Forward-looking statements such as financial results forecasts described in this material arebased on the information available to the Company and certain premises deemed reasonable.
Actual financial results may differ from the forecast due to various factors.