CURVES : Supplementary Material Consolidated Results of Operations for 2Q of FY2022

Supplementary Material: Consolidated Results of Operations for 2Q of FY ending August 31, 2022

April 15, 2022

TSE Prime Market：7085 CURVES HOLDINGS, Co., Ltd.

Table of Contents

1. Operations results of 2Q of 3

FY 8/2022

2. Business outline and updates for 2Q 15

3. Forecasts and strategies for 2nd Half 28 of FY 8/2022 and beyond

Appendix 36

Operations Results of

2Q of FY 8/2022

Consolidated Statement of Income

4

(million yen)	FY 8/2022 (current) Half year (9-2) Actual	FY 8/2021 (previous) Half year (9-2) Actual	Year on Year	FY 8/2022 (current) Half year (9-2) Forecast	To Forecast
Sales	13,443	11,891	113.0%	13,050	+393
Cost of Sales	7,537	6,928	108.8%
（COS ratio）	56.1%	58.3%
SGA	4,176	4,092	102.1%
incl. Amortization for goodwill/trademarks	569	533
Operating profit	1,729	871	198.4%	1,400	+329
(Operating ratio)	12.9%	7.3%	10.7%
Ordinary profit	1,850	669	276.5%	1,380	+470
(Ord profit ratio)	13.8%	5.6%	10.6%
Net profit	1,207	347	347.5%	899	+308
(Net profit ratio)	9.0%	2.9%	6.9%

Consolidated Statement of Income (by region) 5

* Sales and Operating Profit for the International segment

The international segment comprises of the global franchise business and European franchiser operations by 2 subsidiaries (Curves International, Inc. and Curves Europe B.V.). Sales and operating profit for the international segment do not include incomes from royalty fees and equipment sales from the domestic business to Curves International, as well as the costs for management fee payments from the 2 subsidiaries to the Japanese entity.

* Adjustments for operating profit

Expenses not attributable to specific regions, including amortizations for goodwill and trademark rights.