Beauty Garage Inc.

3Q FY 2023 (Fiscal Year Ended April 2023)

Financial Report Supplementary Material

The opinions and estimates described in this material are based on assumptions made by the Company at the time the material was prepared and does not guarantee the accuracy of the information. Please note that they may vary significantly from actual earnings and results due to changes in various factors.

Company Overview

Company name

Beauty Garage Inc.

Headquarters

1-34-25Sakura-shinmachi, Setagaya Ward, Tokyo

Established

April 24, 2003

Capital

768,385,250 Yen

Securities exchange

Tokyo Stock Exchange Prime Market (Securities code: 3180)

listing

Director and CEO

Hideki Nomura

Total Employees

539 (including 376 full-time employees) (on a consolidated basis at the end

of January 2023)

Sapporo / Sendai / Niigata / Kanazawa / Tokyo / Saitama / Nagoya /

Offices

Osaka / Hiroshima/ Fukuoka

Kashiwa DC / Amagasaki DC / Representative office in Guangzhou, China /

Singapore / Taiwan / Vietnam

Group Companies

Japan: 10 companies, overseas: 3 companies

The Company operates (i) BtoB sales business of beauty products, (ii) store design business and (iii) solution business of start-up and prosperity

2

support for beauty salons through the OMO combining online with offline. The biggest feature is operating the Japanese top wholesale EC site for

beauty salons BEAUTY GARAGE Online Shop.

Highlights of FY 2023 3Q (Consolidated/Cumulative)

■Sales

19,133

■Ordinary profit

837

million yen million yen

Y-o-y 111.6%

Y-o-y 106.7%

Sales Composition ratio

Business segment profit composition

Other Solution Business

6.0%

Store Design Business

(1,155 million yen)

Y-o-y 160.6%

11.8%

(2,253 million yen)

Y-o-y 77.0%

Wholesale Business

82.%

(15,724 million yen)

Y-o-y 116.5%

Wholesale

Business

Store Design

Business

Other Solution

Business

Adjustment

amount

Y-o-y 113.3%

114

Y-o-y 57.4%

156

Y-o-y 226.1%

-140

million yen

704

Overseas sales amounted to 182 million yen (Y-o-y 130.4%)

3

Main Topics for FY 2023 3Q

FY

2023

November

Sendai branch

●Moved and renewed OPEN ●Showroom & store opening ●Immediate delivery service (EXPRESS delivery) started

December

EC app

●Complete renewal of e-commerce apps for smartphones

Osaka branch

●Immediate delivery service (EXPRESS delivery) started at general showrooms and stores

January

Authorized

distributor agreement

●Started handling WELLA products

New Service

●Launched "laundry service" for beauty salons

EXPRESS delivery is an immediate delivery service that delivers products within a 3km radius from the store 4 base in as little as 30 minutes.

Overview Earnings for FY 2023 3Q

(Consolidated/Cumulative)

■Despite the impact of the depreciation of the yen, steady growth in the Wholesaling business and Other solution businesses and the effect of reducing SG&A expenses led to an increase in profit compared to the same period of the previous year.

Million yen

Consolidated

FY 2022 3Q

FY 2023 3Q

Y-o-y

Actual

Sales

Actual

Sales

Sales

17,141

100.0%

19,133

100.0%

111.6%

Gross margin

4,488

26.2%

4,872

25.5%

108.5%

Selling , General and

3,704

21.6%

4,038

21.1%

109.0%

Administrative Expenses

Operating profit

784

4.6%

834

4.4%

106.3%

Ordinary profit

784

4.6%

837

4.4%

106.7%

Net profit attributable to

426

2.5%

540

2.8%

126.6%

shareholders of the

5

parent company

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Disclaimer

Beauty Garage Inc. published this content on 08 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2023 06:06:03 UTC.