August 10, 2023
To whom it may concern:
Company name: Nishimoto Co., Ltd.
Representative: Yoshiro Susaki, Chairman & CEO(Code No.: 9260 Prime Market of the Tokyo Stock Exchange)
Contact: Yuji Sasa, President, Director of the board,
Managing Executive Officer, COO, CFO(Phone: 03-6870-2015)

Notice Regarding Revision of Consolidated Earnings Forecasts
for the Fiscal Year Ending December 2023, and Dividend of Surplus (Interim Dividend)
Nishimoto Co., Ltd. ("the Company") hereby notifies the revision of the consolidated earnings forecasts for the fiscal year
ending December 2023 (January 1, 2023 to December 31, 2023), which was announced on February 14, 2023, as outlined
below.
At the Board of Directors meeting held on August 10, 2023, the Company resolved to pay a dividend of surplus (interimdividend) with June 30, 2023, as the record date.

1. Revision of consolidated earnings forecasts for the fiscal year ending December 2023
(1) Revision of consolidated earnings forecasts for the fiscal year ending December 2023 (from January 1, 2023 toDecember 31, 2023)(Unit: millions of yen, %)Net sales

Operatingincome

Ordinary
incomeProfitattributable toowners of parent

304,000

11,00011,0007,300

508.61

Revised Forecast (B)304,000

12,00012,5007,500

522.54

Variance in Amount(B - A)

0

1,000

1,500

200

Variance in Percentage (%)

0.0

9.1

13.6

2.7

275,209

10,498

10,787

6,819

Previous Forecasts (A)(Announced on February 14, 2023)

Net incomeper share (yen)(Reference)Previous Year Results(*)

475.15(Fiscal year ended December 2022)(*) With the application of International Accounting Standard IAS 12 "Income taxes" (as revised in May 2021) from the beginning of the firstquarter of the current consolidated fiscal year, this change has been retroactively applied to the profit attributable to owners of parent and net
income per share for the previous fiscal year.

(2) Reason for the revision
For the financial results for the consolidated cumulative second quarter, we were able to secure profits thatexceeded the consolidated earnings forecast for the interim period announced on February 14, 2023, due to ourefforts to maintain profit margins by price pass-through and the effect of currency translation resulting from theweaker yen.
There is a strong sense of uncertainty about the business environment, including the impact of prolonged inflation
on economic growth in various countries. However, we have decided to revise our consolidated earnings forecast
upward, taking into account several factors, including our interim financial results, the positive effect on earnings
resulting from the continued trend of yen depreciation, and the impact of interest rate hikes on our financialposition.
2. Dividend of surplus (interim dividend)(1) Details of the dividend
Determined amount

Most recent dividend forecastResults for the previous term

(Announced on February 14, 2023)(Interim dividend for the fiscal
year ended December 2022)

Record dateJune 30, 2023

Same as on the left

June 30, 2022

Dividend per share

80.00 yen

70.00 yen

70.00 yen

Total amount of dividend

1,148 million yen-

1,004 million yen

Effective date

September 19, 2023-

September 16, 2022

Source of dividend

Retained earnings-

Retained earnings(2) Reason
The Company has a basic policy of maintaining stable dividends, while securing internal reserves for futurebusiness development and for bolstering its financial position. The Company considers the dividend payout ratio
as an important indicator of how appropriate a dividend payment is, and targets to maintain an annual dividend
payout ratio of approximately 30% on a consolidated basis.
Regarding interim dividend at the end of this second quarter, by comprehensively taking into account our policy
described above, the financial results for the consolidated cumulative second quarter announced today, and otherfactors, the Company has decided to pay 80 yen per share, up 10 yen, as stated in (1) above.
In addition, the Company has decided to pay the year-end dividend for the fiscal year ending December 2023 asforecasted (80 yen per share) in the announcement on February 14, 2023. Thus, the annual dividend will be
increased to 160 yen per share.
Dividend per share (yen)Record Date

Second-quarter end

Forecast
Current Year Results

80.00

Previous Year Results

70.00(Fiscal year ended December 2022)

Year-end

Total

80.00

160.0075.00

145.00Note: The forecast above is prepared based on the information currently available to us as well as certainassumptions that we consider are reasonable. Actual results may significantly deviate from the forecast
due to various factors.