This Notice is a translation of the original; “2025 Nen 3 Gatsu ki Gyosekiyosou no Shusei ni Kansuru Oshirase” written in Japanese,for convenience purpose only, and in the event of any discrepancy, the original in Japanese shall prevail.

August 7, 2024
For Immediate Release
Company:
Representative:Contacts:

NIPPON SHOKUBAI CO., LTD.
Kazuhiro Noda, President andRepresentative Member of the Board(Code number: 4114, Prime Market,
Tokyo Stock Exchange)
Takeharu Tatsumi, General Manager ofCorporate Communications Dept.
(Tel: +81-3-3506-7605)

Notice of Revisions to Earnings Forecasts for the Fiscal Year Ending March 31, 2025
NIPPON SHOKUBAI CO., LTD. (the “Company”) hereby announces that it has made the following revisions toits earnings forecasts for the fiscal year ending March 31, 2025, which were announced on May 13, 2024, in viewof recent trends in operating results. The details are as follows.
1. Consolidated financial forecasts
Consolidated financial forecasts for the six months ending September 30, 2024 (from April 1, 2024 to
September 30, 2024)

Previous Forecasts (A)(as of May 13, 2024)
New Forecasts (B)Change in Amount (B-A)
Percentage Change (%)(Reference) The six months
ended September 30, 2023

ProfitBasic
Profit before attributable toearnings pertax
owners ofshareparentRevenue

OperatingprofitMillions of yen

Millions of yen

Millions of yen

Millions of yen

Yen

195,000

6,000

6,500

3,500

22.73

210,000
15,000
7.7%

9,000
3,000
50.0%

11,000
4,500
69.2%

8,000
4,500
128.6%

51.95

194,301

10,006

9,785

6,861

43.63

Full-year consolidated financial forecasts for the fiscal year ending March 31, 2025 (from April 1, 2024 to Mach31, 2025)

Previous Forecasts (A)(as of May 13, 2024)
New Forecasts (B)Change in Amount (B-A)
Percentage Change (%)(Reference) Full Year ofFiscal Year Ended March
31, 2024

ProfitBasic
Profit before attributable toearnings pertax
owners ofshareparentRevenue

OperatingprofitMillions of yen

Millions of yen

Millions of yen

Millions of yen

Yen

400,000

15,00016,00010,50068.74

415,000
15,0003.8%

18,0003,000
20.0%

20,5004,500
28.1%

15,000
4,500
42.9%

98.12

392,009

16,562

15,744

11,00870.48

(Note) On April 1, 2024, the Company conducted a stock split of in which each share of common stock wassplit for 4 shares. “Basic earnings per share” for the six months ending September 30, 2024, and for thefiscal year ending March 31, 2025 have been calculated assuming that the stock split was conducted at
the start of the previous fiscal year.
2. Reasons for the revision of consolidated financial forecasts
Concerning consolidated financial forecasts for the six months ending September 30, 2024 (the “first half”),
revenue is expected to be 210,000 million yen, marking an increase of 15,000 million yen compared with thefinancial forecast as of May 13, 2024 (the “previous forecast”) because of the rise in sales prices due mainly tothe rise in raw material prices and progressive yen depreciation and an increase in sales volumes. In terms ofprofit, operating profit is expected to be 9,000 million yen, marking an increase of 3,000 million yen comparedwith the previous forecast because of upward factors such as export sales prices rising due to yen depreciation
thereby widening the spread, and increases in the volumes of acrylic acids, acrylates, etc. Furthermore, due toan increase in operating profit and an increase in share of profit of investments accounted for using equity
method, we expect an increase in profit before tax of 4,500 million yen to 11,000 million yen from theprevious forecast and profit attributable to owners of parent of 8,000 million yen.
The assumed exchange rates for the financial forecasts for the first half are JPY155/USD, JPY166/EUR, andfor the domestic naphtha price, JPY79,000/KL.
For the full-year consolidated financial forecasts for the fiscal year ending March 31, 2025, despite theexpected upswing in terms of profit for the first half, in our full-year financial forecast calculation, we haverefrained from revising the previous forecasts for the second-half financial forecasts. If we deem it necessary
to revise the financial forecasts in light of trends in operating results, etc., such revision will be disclosed
promptly.

3. Dividend forecasts
The dividend forecasts for the fiscal year ending March 31, 2025, at this point in time, are the previous
forecast of 35 yen per share for the interim dividend and 35 yen per share for the year-end dividend. However,
we will keep our eyes on the future trajectory for the full-year operating results and decide to revise the interimand year-end dividends at an appropriate time, giving consideration to paying annual dividends based on theshareholder return policy stated in “Announcement Regarding Change in Shareholder Return Policy”
announced on May 13, 2024.

(Note)The preceding forecasts are based on information currently available and certain assumptions that the Company
believes are reasonable. Various factors may lead to different actual results from the forecasts.