October 25, 2022
Denka Company Limited

Notice Regarding Revisions to Consolidated Results Forecasts for the First Half andthe Full Year of the Fiscal Year Ending March 31, 2023 and Posting of Extraordinary Losses
Denka Company Limited (hereinafter "Denka") announces that it has revised the consolidated financial forecasts forthe half of the fiscal year ending March 31, 2023 and those for the full year that were released on May 11, 2022.
Details are as follows.
１．Revisions of Consolidated Results(1) Revision to the consolidated results forecast for the first half of the fiscal year ending March 31, 2023
(April 1, 2022 - September 30, 2022)
Net Income

OperatingOrdinary

IncomeIncomeMillion Yen

Million Yen

Million Yen

Million Yen

Yen

210,000

18,00017,00013,000150.76

Revised forecast (B)202,500

18,00017,00014,000162.36

Change (B - A)

-7,50000

1,000

Change (%)

-3.6%

0.0%

0.0%

7.7%

191,143

25,22423,651

18,045Net Sales

Previous forecast (A)Attributable to
Owners of Parent

Net Income
per Share(Reference) Consolidated results
for the first half of the previous
fiscal year (Six months ended

209.29September 30, 2021)(2) Revision to the consolidated results forecast for the fiscal year ending March 31, 2023
(April 1, 2022 – March 31, 2023)

Net Income

Operating

Ordinary

IncomeIncomeMillion Yen

Million Yen

Million Yen

Million Yen

Yen

455,000

43,00041,00029,000336.31

Revised forecast (B)445,000

43,00039,00018,500214.54

Change (B - A)

-10,000

0-2,000-10,500

Change (%)

-2.2%

0.0%

-4.9%

-36.2%

384,849

40,12336,47426,012Net Sales

Previous forecast (A)Attributable toOwners of Parent

Net Incomeper Share(Reference) Consolidated results
for the previous fiscal year
(Year ended March 2022)

1301.67(3) Reason for the revision of results forecast and posting of extraordinary loss
Regarding consolidated results for the first half of fiscal year ending March 31, 2023, sales will decrease, mainlyreflecting price revisions due to a fall in raw material prices. However, operating income and ordinary income areexpected to remain unchanged from the forecasts announced on May 11, 2022.
For consolidated results for the full year, as described in the "Notice Regarding Transfer of Cement Sales Businessto a Wholly Owned Subsidiary through Company Split (Simplified Absorption-Type Company Split), Transfer of
Shares in the Wholly Owned Subsidiary (Changes in Subsidiaries) and Withdrawal from Cement Business"released today, Denka has decided to transfer the cement sales business at the end of March 31, 2023 and withdraw
completely from the in-house limestone mining and cement manufacturing businesses by around the first half of2025. Based on this decision, approximately 19 billion yen in total covering the impairment of non-current assets
and other expenses will be posted as extraordinary losses in the third quarter of the fiscal year ending March 31,
2023 and thereafter. Accordingly, ordinary income and income attributable to owners of parent are expected todecrease significantly from the previously announced levels, respectively.
The revisions to results forecasts do not cause any changes in the announced dividend forecasts.
(Note)
The above forecasts are based on information available to the Company at the time of the publication of thisdocument and certain assumptions that the Company considers to be reasonable and may differ from the actual
results due to various factors in the future.

2