日本水産（1332） – Notice concerning revision of full-year earnings forecast

FOR IMMEDIATE RELEASE February 4, 2022 Name of the Company: Nippon Suisan Kaisha, Ltd. Listed Stock Exchange: Tokyo Stock Exchange (Stock Code: 1332) Representative: Shingo Hamada, Representative Board Member, President & CEO Contact: Yoichiro Hiroi General Manager, Corporate Strategic Planning & IR Department Telephone: +81-3-6206-7037 Notice concerning revision (upward revision) of full-year earnings forecast Nippon Suisan Kaisha, Ltd. today announces that it has decided at the board of directors meeting held on February 4, 2022 to revise the earnings forecast for the fiscal year ending March 2022 (April 1, 2021 to March 31, 2022) upward as follows. 1. Revision of consolidated earnings forecast for the current fiscal year (April 1, 2021 to March 31, 2022) Net Sales Operating Profit Ordinary Profit (Unit: Million yen) Earnings per share Profit attributable to owners of parent Previous Forecast (A) (Announced on November 5, 2021) 673,000 24,500 28,000 17,000 54.63 yen Revised Forecast (B) 690,000 27,000 33,000 18,000 57.84 yen Difference (B – A) 17,000 2,500 5,000 1,000 Rate of Change (%) 2.5 10.2 17.9 5.9 – – (Reference) Previous Actual Results (*) (FY ended March 2021) 615,044 17,998 22,670 14,391 46.25 yen (*) “Accounting Standards for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020), etc. have been applied since the beginning of the first quarter of the current consolidated fiscal year. The actual results for the fiscal year ended March 2021 are the amounts after the relevant accounting standards have been applied. 1 2. Rationale for revision In the current fiscal year, the marine and food products businesses are performing very well, partly due to the reactionary demand from the previous fiscal year, which was greatly affected by COVID-19. On the other hand, the current business environment is unpredictable due to the rapid expansion of Omicron variant and the increase in labor and raw material costs, but as efforts to strengthen the foundation are progressing, we revise the full-year earnings forecast announced on November 5, 2021. (Note) The above forecast is based on the information currently available, and the actual results may change due to various factors. 2