October 30, 2007
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Kuraray Co., Ltd.
Yasuaki Wakui,
Representative Director and President
3405
First Sections, Tokyo Stock Exchange andOsaka Securities Exchange
Hiroaki Yoshino
General Manager, CSR and Communications
Division

Notice Concerning Revisions to Performance Forecasts
In light of recent operating results and performance, Kuraray Co., Ltd. (hereafterreferred to as “Kuraray” or “the Company”) today announced details of its
decision to revise performance forecasts for the interim and full periods for thefiscal year ending March 31, 2008. Forecasts were previously disclosed on April 26,
2007 in conjunction with performance results for the fiscal year ended March 31,
2007. Brief details are as follows.
1. Revisions to performance forecasts for the interim period of the fiscalyear ending March 31, 2008 (April 1, 2007 to September 30, 2007)(1) Consolidated(Millions of yen, %)Net Sales

Operating
IncomeOrdinaryIncome

Net Income

Previous forecast (A)(Announced on April 26, 2007)
Revised forecast (B)Change (B – A)
Percentage change

200,000
206,197+6,197+3.1%

20,00024,282+4,282+21.4%

18,00022,688+4,688+26.0%

10,50013,898+3,398+32.4％

Performance for the interim period of
the previous fiscal year

191,263

19,142

17,2799,882(1)

Non-Consolidated(Millions of yen, %)Net Sales

Operating
IncomeOrdinary
IncomeNet Income

Previous forecast (A)(Announced on April 26, 2007)
Revised forecast (B)Change (B – A)
Percentage change

95,000100,456+5,456+5.7%

12,50015,902+3,402+27.2%

13,50017,544+4,044+30.0%

8,500
10,870+2,370+27.9％

Performance for the interim period of
the previous fiscal year

96,312

11,316

12,352

7,2462. Revisions to performance forecasts for the full fiscal year of the fiscalyear ending March 31, 2008 (April 1, 2007 to March 31, 2008)(1) Consolidated(Millions of yen, %)Net Sales
Previous forecast (A)(Announced on April 26, 2007)
Revised forecast (B)Change (B – A)
Percentage change
Performance for the previous fiscal year(2)415,000
420,000+5,000+1.2%
385,284

Operating
Income45,00048,000+3,000+6.7%
40,220Ordinary
Income41,00044,000+3,000+7.3%
36,546Net Income
24,00025,500+1,500+6.3%
22,412

Non-Consolidated(Millions of yen, %)Net Sales

Previous forecast (A)(Announced on April 26, 2007)
Revised forecast (B)Change (B – A)
Percentage change
Performance for the previous fiscal year

205,000
210,000+5,000+2.4%
196,881

Operating
Income29,00031,500+2,500+8.6%
26,115

Ordinary
Income29,50032,500+3,000+10.2%
27,112Net Income
18,00019,000+1,000+5.6%
18,198

3. Reasons for revisions
During the interim period of the fiscal year under review, operations of mainstay
businesses within the chemicals and resins segment have expanded steadily. As aresult, revenues and earnings have exceeded previous forecasts.
While the Company’s operating environment is anticipated to deteriorate during
the second half, buffeted by sharp increases in raw materials and fuels as well asother factors, Kuraray has revised full fiscal year performance forecasts, outlinedin the table above, based on results for the six-month period ended September 30,2007.
Note: The aforementioned forecasts are based on data available at the time thispress release was published. Actual performance may differ from forecasts due toa variety of factors.