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Management planning5010NIPPON SEIRO CO.,LTD.Energy Resources

Notice Regarding a Change to the Timing of the Announcement of the Medium-Term Management Plan

The announcement of the new medium-term management plan, which had been scheduled for mid-2026, has been postponed and changed to the time of the announcement of the results for the fiscal year ending December 2026, scheduled for February 2027.

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Items stated in the management plan

Partially revised
New Medium-Term Management Plan
Publication date 14 August 2026
Plan assumptionsThe heightened tensions in the Middle East have continued, and the outlook for the future business environment, including crude oil and petroleum product market conditions, remains uncertain.
Risks identified by the company
Continued heightened tensions in the Middle East
Uncertainty regarding the outlook for the future business environment, including crude oil and petroleum product market conditions
Reason for revision or withdrawal

With the heightened tensions in the Middle East continuing, the outlook for the future business environment of the Company Group, including crude oil and petroleum product market conditions, remains uncertain. Since the management initiatives and earnings targets in the new medium-term management plan need to be presented based on a reasonable outlook for the future business environment, the Company determined that it would be difficult to make the announcement at this time.

Items stated in the management plan
ItemDetails
Plan nameNew Medium-Term Management Plan
Progress against the planPartially revised
Plan assumptionsThe heightened tensions in the Middle East have continued, and the outlook for the future business environment, including crude oil and petroleum product market conditions, remains uncertain.
Reason for revision or withdrawalWith the heightened tensions in the Middle East continuing, the outlook for the future business environment of the Company Group, including crude oil and petroleum product market conditions, remains uncertain. Since the management initiatives and earnings targets in the new medium-term management plan need to be presented based on a reasonable outlook for the future business environment, the Company determined that it would be difficult to make the announcement at this time.
Risks identifiedContinued heightened tensions in the Middle East, Uncertainty regarding the outlook for the future business environment, including crude oil and petroleum product market conditions
Publication date14 August 2026
Items this document does not state (19)
Plan periodSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsKey initiativesResults under the previous planSize of the Target MarketDate of board resolution

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The heightened tensions in the Middle East have continued, and the outlook for the future business environment, including crude oil and petroleum product market conditions, remains uncertain. Accordingly, the Company determined that it would be difficult at this time to present management initiatives and earnings targets based on reasonable outlook assumptions.

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Notice Regarding a Change to the Timing of the Announcement of the Medium-Term Management Plan | NIPPON SEIRO CO.,LTD. (5010) timely disclosure | Komori