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.

January 31, 2024
Company name:
RIKEN TECHNOS CORPORATIONName of representative: Kazuaki Tokiwa, Representative Director,President & CEO(Securities code: 4220; Tokyo Prime Market)
Inquiries:
Ryoichi Takami, Accounting General Manager(Telephone: +81-3-5297-1650)

Notice Concerning Revisions toConsolidated Financial Forecasts (and Non-Consolidated Financial Forecasts) andYear-End Dividend Forecasts for the Fiscal Year Ending March 31, 2024
RIKEN TECHNOS CORPORATION (the “Company”) hereby announces the revisions of consolidated financialforecasts (and non-consolidated financial forecasts) for the fiscal year ending March 31, 2024 (from April 1, 2023
to March 31, 2024) announced on October 30, 2023, based recent performance trends. The Company alsoannounces the revision of year-end dividend forecasts for the fiscal year ending March 31, 2024 announced onMay 1, 2023, based this revisions, as described below.
1.

Revision of its consolidated financial forecasts (and non-consolidated financial forecasts) for the fiscal year
ending March 31, 2024 (from April 1, 2023 to March 31, 2024)(1) Consolidated financial forecasts for the fiscal year ending March 31, 2024
(Millions of Yen, except Consolidated earnings per share)
ProfitBasic
attributable toearnings
Operating profit
Ordinary profit
ownersper shareof parent(Yen)Net sales

Previously announced forecasts (A)128,000

8,400

9,000

5,200

82.14

Revised forecasts (B)128,000

8,700

9,200

6,400

106.27

Change (B-A)

03002001,200

Change (%)

03.6

2.2

23.1

123,497

7,506

7,964

4,557

(Reference) Actual consolidated
financial results for the previous
fiscal year
(Fiscal year ended March 31, 2023)(2) Non-Consolidated financial forecasts for the fiscal year ending March 31, 2024
(Millions of Yen, except Earnings per share)
Basicearnings
Ordinary profit
Profitper share(Yen)Net sales

Previously announced forecasts (A)62,000

6,200

4,900

77.40

Revised forecasts (B)62,000

6,400

6,200

102.95

Change (B-A)

0200

1,300

Change (%)

03.2

26.5

57,0805,332

4,232(Reference) Actual non-consolidated
financial results for the previous
fiscal year
(Fiscal year ended March 31, 2023)- 1 -66.96

72.11

(3) Reason for the revision
In the current third quarter consolidated accounting period (from October 1, 2023 to December 31, 2023),
continuing from the second quarter consolidated cumulative period (from April 1, 2023 to September 30,2023), in additional to the recovery of the automobile market and restaurant market, efforts were made toreduce manufacturing costs such as electricity charges, furthermore the gain on sales of investment securities
was 1,881 million yen. As a result, profits at each stage exceeded forecasts.
With regard to the consolidated financial forecasts for the fiscal year ending March 31,2024, although thefuture remains uncertain, profit at each stage is forecasts to exceed the initial forecast, reflecting this actualresults.
2.

Revision of the year-end dividend forecasts for Fiscal Year Ending March 31, 2024

(1) Revision of the year-end dividend forecasts for the Fiscal Year Ending March 31, 2024 (April 1, 2023 toMarch 31, 2024)(Yen)Annual dividends
Second quarter-end

Fiscal-year end

Consolidated
dividend payout ratio

Total

Previous forecasts(Announced on May 1, 2023)

13.00

25.00

35.1%

Revised forecasts

17.00

29.00

27.3%

16.00

25.00

34.7%

Actual results for the current fiscal year

12.00

(Reference)
Actual results for the previous fiscalyear(Fiscal year ended March 31, 2023)

9.00(2) Reason for revision to dividend forecasts
The management of the Company has been positioning the distribution of profits to our shareholders throughincreased corporate value in the mid-to long-term as one of the most important management issues and makes
it a basic policy to ensure a steady stream of dividends while considering future business investment,enhancement of shareholder’s equity, and other factors, with an aim at a consolidated dividend payout ratio ofabout 35%.
Based on the “Notice regarding Action to Implement Management that is Conscious of Cost of Capital andStock Price” and “Supplementary Materials” announced on October 30, 2023, The Company have proceededwith the reduction of cross-shareholdings and sold 23 listed securities. As per the "Notice Regarding
Recording of Gain on Sale of Investment Securities (Extraordinary income)" announced on December 25,2023, recorded a gain on sale of investment securities of 1,881 million yen.
All funds obtained from the sale of investment securities were used to fund the acquisition of own shares, andduring the current third quarter consolidated accounting period, 8,337 thousand shares of own shares wereacquired for 6,999 million yen.
Based on the Notice Concerning Revisions to Consolidated Financial Forecasts (and Non-ConsolidatedFinancial Forecasts) announced today, net income per share excluding the impact of gains on sales of thisinvestment securities, we have revised the year-end dividend forecast to 17.00 yen per share and the annual
dividend forecast to 29.00 yen per share.
Including the total amount of acquisition of own shares, the total return ratio will be 136.2%.

* Statements related to business forecasts contained in this document are based on information currently available
and certain assumptions considered to be reasonable. Actual results may differ significantly due to various factor.

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