[Translation][NOTICE: Please note that the following is a translation of the Japanese language original for convenience
purposes only, and in the event of any discrepancy, the Japanese language original shall prevail.]
For immediate release

January 28, 2021
Company:
Nisshinbo Holdings Inc.
Representative:
Masahiro Murakami, President
Securities Code: 3105
TSE (First Section)

Notice Regarding Revisions to Operating Performance Forecast andRecording of Extraordinary Profits and Extraordinary Losses (Non-Consolidated)
Nisshinbo Holdings Inc. announces the following revisions to its consolidated operating performance forecastfor the fiscal year ended December 31, 2020, from the figures announced on November 12, 2020. In addition,extraordinary profits and extraordinary losses are expected to be recorded in the fiscal year ended December
31, 2020.
1. Revisions to Operating Performance Forecast
Revisions to Consolidated Operating Performance Forecast for the Fiscal Year Ended December 31, 2020
(January 1, 2020 to December 31, 2020)(Millions of yen, unless otherwise stated)
Net income
Operating OrdinaryNet
Net sales
per share
incomeincomeincome(Yen)
Previously announced forecast (A)462,000(4,000)(3,000)
1,000
6.01
Revised forecast (B)457,000
1,200
3,400
13,50081.13
Change (B – A)
(5,000)5,200
6,400
12,500Change (%)(1.1%)———
Reference: Results for the fiscal year
509,660
6,482
11,703(6,604)(39.45)
ended December 31, 2019
Reasons for the Revisions
In the fourth quarter of the fiscal year 2020, despite higher sales in the brake business and precision instruments
business due to a recovery in global automobile production volume, sales in the wireless and communications
business, the micro devices business and the textiles business are expected to decline, resulting in lower sales
than expected in the previous forecast.
Operating income and ordinary income are expected to exceed previous forecasts due to progress in cost
improvement activities and cost reduction activities throughout the company, as well as sales growth in the brakebusiness and precision instruments business.
In addition, net income attributable to owners of the parent is expected to exceed the previous forecast due toan increase in ordinary income and an increase in gain on sales of investment securities, despite an increase inimpairment loss.

- 1 -2. Recording of Extraordinary Profits and Extraordinary Losses (Non-Consolidated)
Nisshinbo Holdings (the Company) made a group loan to TMD, a consolidated subsidiary, and TMD repaid
the loan in full. These loans were guaranteed by the Company.
As a result, the Company expect to record an extraordinary profit of ¥12,977 million from the reversal ofreserve for loss on guarantees of subsidiaries and associates. In addition, the Company expect to record anextraordinary loss of ¥18,114 million for the provision of allowance for doubtful accounts for affiliatedcompanies for loans to TMD based on the financial position.
Reversal of allowance for losses on guarantees of subsidiaries and affiliates and provision for doubtful accountsof subsidiaries and affiliates described above are eliminated in the consolidated financial statements, andtherefore have no impact on the consolidated financial results.

Note: Performance forecasts included in this document are based on information available as of the date ofannouncement of this document and certain assumptions deemed to be reasonable. Actual results may
differ from the forecasts due to changes in various factors.

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