On May 9th, Kato Manufacturing Co., Ltd. <6390> announced that it will revise its forecast of net income attributable to the parent company's shareholders for the fiscal year ending March 2025, which was undefined in the performance forecast announced on May 14th.

The company has been reviewing its Chinese operations. In the previous forecast, it was difficult to estimate the impact of the review reasonably, and the forecast of net income attributable to the parent company's shareholders was undefined.

Based on the decision to dissolve and liquidate two Chinese subsidiaries, the company calculated its performance forecast based on the information currently available. As a result of incorporating the expected special losses that are anticipated to occur in the future, the final profit and loss is expected to be temporarily severe. The expected special losses (subsidiary restructuring losses) are approximately 7 billion yen, so the forecast net income attributable to the parent company's shareholders is -5.4 billion yen. There is no change in revenue, operating profit and ordinary profit estimates from the previous forecast.