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Investor Presentaiton

Upward Revision to Full-Year Consolidated Forecast (Second Upward Revision for the Current Fiscal year) VSUN's panel sales to Europe and US exceeded our expectations. Profits have improved significantly mainly due to price increases to customers and declining container shipping rates after reaching a peak. Abalance (Billions of yen) FY06/22 FY06/23 Re-revised Actual Initial forecast 1H result forecast Net sales Operating profit 92.4 110.0 175.0 112.1 + 1.7 2.91 7.0 5.2 Ordinary profit 1.5 2.8- 7.3 5.9 Profit attributable to 0.9 1.3 3.4 2.3 owners of parent Plant No. 4 has run at full capacity since January 2023, but we did not include its full output in our re-revised forecast because we cannot reasonably estimate its production capacity at this early stage. We will promptly disclose any further earnings upside from VSUN's strong performance. Copyright © 2023 Abalance Corporation 50
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