Skylark : Notice on Price Increases at Gusto, Bamiyan, Syabu-Yo, Jonathan's and Steak Gusto and Introduction of Area-Based Pricing at Gusto and Bamiyan

	July 14, 2022
Company:	Skylark Holdings Co., Ltd.
Representative:	Makoto Tani, Chairman, President & CEO
	(Securities Code: 3197; TSE Prime Market)
Contact:	Investor Relations
	(Phone: [phone])

Notice on Price Increases at Gusto, Bamiyan, Syabu-Yo, Jonathan's and Steak Gusto

and Introduction of Area-Based Pricing at Gusto and Bamiyan

SKYLARK HOLDINGS CO., LTD. will increase menu prices at Gusto, Bamiyan, Syabu-Yo, Jonathan's and Steak Gusto from each brand's menu revisions in July. For Gusto and Bamiyan, area-based pricing will also be introduced as a response to varying market conditions by region.

We have been making efforts to maintain prices through optimization of our supply chain as a group. However, due to the recent increases in raw material prices and logistics costs, we will resort to increasing our menu prices. We will strive to offer products with great quality and still great prices so that our stores will continue to be chosen by our customers.

1. Price Increase Details for Each Brand
   Menu items which will incur price increases within Skylark Group: Approximately 50%
   Range of price increase: Average of approximately 5%
   Major items with price increases: Details by brand
2. Area-BasedPricing

	Urban Areas	785	Tokyo, Kanagawa, Chiba, Saitama, Aichi, Shizuoka, Osaka, Hyogo
	stores	and Kyoto prefectures
Gusto
Other Areas	538	Areas other than the above
	stores
	Kanto Area	290	Tokyo, Kanagawa, Chiba, Saitama, Ibaraki, Yamanashi, Gunma,
	stores	Tochigi, Niigata and Nagano prefectures
Bamiyan
Other Areas	66	Areas other than the above
	stores
			End.