August 7, 2020

Company name: YAMAZEN CORPORATION Representative: Yuji NAGAO, President, CEO (Code No. 8051; The first section of Tokyo Stock Exchange) Inquiries: Hayato HIRATA, Manager, IR & PR Dept.

TEL 06-6534-3095

Notice Regarding Earnings Forecast and Dividend Forecast

YAMAZEN CORPORATION (the "Company") hereby announces its forecasts of consolidated financial results and the dividend forecast for the year ending March 31, 2021, which were left undecided in Summary of Consolidated Financial Results for the Year Ended March 31, 2020 (Based on Japanese GAAP) released on May 14, 2020.

1. Earnings Forecast

  1. Six months results forecast (April 1, 2020 to September 30, 2020)

Net sales

Operating

Ordinary

Profit attributable

Earnings per

profit

profit

to owners of parent

share

Previously announced

mil. JPY

mil. JPY

mil. JPY

mil. JPY

JPY

forecasts (A)

-

-

-

-

-

Revised forecasts (B)

200,000

3,000

3,000

1,950

20.66

Changes (B-A)

-

-

-

-

Percentage changes (%)

-

-

-

-

Reference: six months

results for fiscal year ended

242,862

6,290

6,209

4,036

42.69

March 31, 2020

(2) Full-year results forecast (April 1, 2020 to March 31, 2021)

Net sales

Operating

Ordinary

Profit attributable

Earnings per

profit

profit

to owners of parent

share

Previously announced

mil. JPY

mil. JPY

mil. JPY

mil. JPY

JPY

forecasts (A)

-

-

-

-

-

Revised forecasts (B)

420,000

8,000

8,000

5,200

55.10

Changes (B-A)

-

-

-

-

Percentage changes (%)

-

-

-

-

Reference: Full-year results

for fiscal year ended March

472,191

12,091

11,895

8,088

85.60

31, 2020

1

2. Reasons for earnings forecast

The Company initially left the consolidated earnings forecasts for the year ending March 31, 2021 undecided because of the difficulty in making a reasonable calculation due to the effect of the spread of the novel coronavirus disease (COVID-19).

Currently there are still no prospects for when the COVID-19 crisis will clear up and there has been an unavoidable impact on capital investment and the consumer mindset. Nevertheless, the Company has announced its forecast for the full-year results based on information that is currently available. Please note, however, that actual results could turn out to be considerably different from these results forecasts depending on the future impact of the spread of COVID-19. If it becomes necessary to announce revised forecasts due to the impact of future developments, the Company will promptly announce them.

3. Dividend forecast (fiscal year ending March 31, 2021)

Dividend per share

Second quarter-end

Fiscal year-end

Total

Previous forecast

-

-

-

Revised forecast

10.00 yen

-

-

Cash dividends paid for the

previous fiscal year (fiscal

16.00 yen

14.00 yen

30.00 yen

year ended March 31, 2020)

4. Reasons for dividend forecast

The Company seeks to maintain stable dividends on a continual basis from a long-term perspective while giving comprehensive consideration to the consolidated financial results, financial position, dividend payout ratio, etc. The Company has announced a divided per share forecast of 10.00 yen for the second quarter-end but continues to leave the year-end dividend undecided due to the uncertainty of the future impact of COVID-19. When such a calculation becomes possible, the Company will promptly announce the year-end divided forecast.

NOTE: The earnings forecasts, etc. above are based on available information as of the publication date of this material and the actual results, etc. may differ from forecasts due to various factors in the future.

END

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YAMAZEN Corporation published this content on 21 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 August 2020 01:23:04 UTC