January 31st, 2022

Company name: Fukuda Denshi Co., Ltd.

Representative: Daijiro Shirai, President & COO

JASDAQ code no.: 6960

Inquiries: Business Planning Department

Telephone: +81-3-5684-1558

Notice of the Forecast of the Financial Results

for the Fiscal Year Ending March 2022

Fukuda Denshi has revised the forecasts of the financial results for the fiscal year ending March 31st, 2022 based on the recent business conditions.

1. Forecast of consolidated financial results for the fiscal year ending March 2022 (April 1st, 2021 through March 31st, 2022)

(% represents increase or decrease from the previous forecast)

Profit

Net sales

Operating

Ordinary

attributable

Earnings

Profit

Profit

to owners of

per share

parent

million yen

million yen

million yen

million yen

yen

Previous forecast (A)

125,000

15,000

15,000

11,000

727.52

This forecast (B)

125,000

20,000

20,500

15,000

991.96

Fluctuation sum (B-A)

0

+5,000

+5,500

+4,000

Fluctuation rate (%)

0.0

+33.3

+36.7

+36.4

(Rf) Previous FY

146,756

19,811

20,264

14,716

973.33

ended March 2021

2. Reasons for revisions

The consolidated "Net sales" and the "Profit" increased due to the expansion of COVID-19 related products and the continued efforts to improve profitability.

As the results, forecast of consolidated "Operating Profit", "Ordinary Profit", and "Profit attributable to owners of parent" exceeds the previous forecast.

There is no change to the forecast of "Net sales" considering the impact of the decrease of the number of large orders.

Note

The forecasted financial results described above are based on information available as of the release date of this announcement. Actual results may differ from the results projected and presented hereby for a variety of reasons.

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It will be promptly announced as soon as the revision of the forecast is needed.

This English translation is for reference purposes only. The original Japanese version will prevail as the official authoritative version.

The original disclosure in Japanese was released on January 31st, 2022 at 15:00 (GMT+9)

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Fukuda Denshi Co. Ltd. published this content on 28 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2022 09:11:07 UTC.