SUMIDA CORPORATION (hereafter “the Company”) announces a revision of its consolidated full-year earnings forecast (January 1, 2020 - December 31, 2020) which was published on July 31, 2020.

1. Revision to consolidated full-year earnings forecast
   (Jan 1, 2020–December 31, 2020)
   
   

   (million JPY)	Sales	Operating Income	Ordinary Income	Profit Attributable to  Owners of the Parent	Basic Earnings per Share (yen)
   Previous Forecast (A)	77,700 ~80,200	△220 ～560	△1,400 ～△620	△980 ～△270	△34.09 ～△9.94
   Revised Forecast (B)	83,300	1,300	0	0	0.00
   Change (B) - (A)	3,100 ~5,600	740 ～1,520	620 ～1400	270 ～980
   Change %	3.9 ~7.2	132.1 ～－	－	－
   (Reference) Previous Year Results (ended December 2019)	94,283	3,543	2,184	1,582	58.36

   *Foreign currency exchange rates assumptions used in the forecast: 1 USD=108 JPY, 1 Euro＝118 JPY

2. Reasons for the Revision
   Several countries have lifted lockdown measures that were imposed due to the ongoing COVID-19 pandemic. As economic activities reopened, recovery could be observed in the sales revenue, as the demand in the automotive-related business is picking up with the support of policy responses implemented in several countries.
   
   Adding to the recovery of the sales revenue, the Company will continue to review its business processes etc. amid the ongoing COVID-19 pandemic and expects also profit-wise to exceed its previous forecast.