November 8, 2023
To whom it may concern
Name of Company:
Stock Exchange
Listing:
Stock Code:
Representative

ASANUMA CORPORATION
Prime Market of the Tokyo StockExchange
1852
Makoto Asanuma,
Representative Director,President & C.E.O
asanuma_ir@asanuma.co.jp

E-mail:Notice Concerning the Difference Between the Earnings Forecast and Actual Results for theFirst Two Quarters of the Fiscal Year Ending March 31, 2024
The following differences have arisen between the earnings forecast for the first two quarters of the fiscal year
ending March 31, 2024 announced on May 12, 2023 and the actual results announced today.

1. Difference Between the Earnings Forecast and Actual Results for the First Two Quarters of the Fiscal YearEnding March 31, 2024 (April 1, 2023 to September 30, 2023)(1) Difference between consolidated earnings forecast and actual results
ProfitBasic
attributableearnings perto owners ofshareparentmillion yen
yen
855
53.02

Net sales

OperatingprofitOrdinary
profitmillion yen
64,970

million yen
1,530

million yen
1,440Actual results (B)70,040

1,585

1,802

1,101

Change (B-A)

5,070

55362

246Percentage change

7.8％

3.6％

25.1％

28.7％

66,888

2,165

2,540

2,135

Previous forecast (A)(Reference) Results for the
first two quarters of theprevious fiscal year
(first two quarters of the
fiscal year ended March 31,2023)

68.31

132.44(2) Difference between non-consolidated earnings forecast and actual resultsBasicearnings pershare
million yen
yen
820
50.85

Net sales

OperatingprofitOrdinary
profitmillion yen
59,300

million yen
1,340

million yen
1,290Actual results (B)64,215

769

1,006

637

Change (B-A)

4,915-570-283-182

Percentage change

8.2％-42.5％-21.9％-22.2％

61,666

1,870

2,223

1,969

Previous forecast (A)(Reference) Results for thefirst two quarters of theprevious fiscal year
(first two quarters of the fiscal
year ended March 31, 2023)

Profit39.55

122.14

2. Reason for the DifferenceWith regard to non-consolidated results for the first two quarters, net sales exceeded the previous forecast
by 4,915 million yen due to the steady progress of construction work. Due to the gross profit margin on
construction decreasing from the previous forecast as a result of the impact of rising material prices, etc.,
operating profit was 570 million yen below the previous forecast, resulting in ordinary profit being 283
million yen below the previous forecast and profit being 182 million yen below the previous forecast.
As a result of the actual values of the non-consolidated results, consolidated net sales increased by 5,070
million yen from the previous forecast. Due to the strong performance of the subsidiaries in Singapore thatwas converted into a subsidiary in January last year, operating profit exceeded the previous forecast by 55million yen, ordinary profit exceeded the previous forecast by 362 million yen, and profit attributable toowners of the parent exceeded the previous forecast by 246 million yen.
3. Full-year Earnings Forecast
The consolidated and non-consolidated earnings forecasts for the fiscal year ending March 31, 2024 havenot been revised from the figures announced on May 12, 2023 at this time. Prompt disclosure will be madein the event any revision is necessary due to future orders and performance trends.

(Note) The above forecasts were prepared based on information available at the present time, and actual results
may differ from the forecasts due to various factors.
End of Document

Disclaimer: 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.