Toyota Boshoku : Notice Regarding Revision of Financial Forecast

Translation

	October 31, 2023
Company Name	Toyota Boshoku Corporation
Representative	Masayoshi Shirayanagi, President
(Securities Code 3116 TSE, Prime, NSE, Premier)
Inquiry	Takeshi Ogiso
	General Manager,
	Accounting & Finance Division
	(TEL [phone])

Notice Regarding Revision of Financial Forecast

Toyota Boshoku Corporation (the "Company") hereby announces that the Company revised its financial

forecast for FY2023 (April 1, 2023 - March 31, 2024), which was previously announced on July 28,

2023, as described below.

1． Revision of consolidated financial forecast for FY2023 (April 1, 2023 - March 31, 2024)

				(Amount Unit: Millions of yen)
				Profit	Earnings per
			Profit before	share
		Operating	attributable to
	Revenue	attributable to
	profit	income taxes	owners of the
		owners of the
				parent
				parent - Basic
Previously
announced forecast	1,800,000	69,000	66,000	34,000	181.96 yen
(A)
Revised forecast (B)	1,970,000	93,000	90,000	59,000	315.76yen
Change （B－A）	170,000	24,000	24,000	25,000
Change (%)	9.4	34.8	36.4	73.5
(Ref.) Previous	1,604,036	47,672	52,291	14,679	78.57 yen
Results (FY2022)

2． Reasons for revision

In addition to the effects of volume increase in Japan and the Americas, the effects of new

products, and changes in the model mix, we revised our full-year financial forecast upward as

described above due to factors such as our cost reduction.

This financial forecast based on information available to the Company as of the date hereof and assumptions which it believes are reasonable. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially, therefore do not represent any guarantees of future performance.