Sugi : Notification on Revision of Consolidated Earnings Forecast

December 26, 2023

To Whom It May Concern:

Company: SUGI Holdings Co., Ltd.

Representative: Katsunori Sugiura, Representative Director and President

(Stock Code:7649, TSE PRIME / NSE PREMIER)

Inquiries: Makoto Kasai, General Manager,

Business Planning Department

（Phone: [phone]）

Notification on Revision of Consolidated Earnings Forecast

In light of recent trends in our business performance, we have revised the full-year of the fiscal year ending February 29,2024, announced on April 4,2023.

• Revision of Consolidated Earnings Forecast for the Fiscal Year Ending February 29, 2024 (March 1, 2023 to February 29, 2024)

				Profit
	Net sales	Operating	Ordinary	attributable to	Earnings Per
	income	income	owners of	Share
				parent
Previous forecast (A)	million yen	million yen	million yen	million yen	Yen
724,500	33,000	34,500	20,000	331.58
Revised forecast (B)	742,500	35,000	36,500	20,500	339.87
Changed Amount (B-A)	18,000	2,000	2,000	500
Changed Ratio (%)	2.5	6.1	5.8	2.5
(Reference) Previous results
(FY ended February 28, 2023)	667,647	31,658	32,391	19,007	311.45

● Reasons for the revision

In this fiscal year, sales and profits exceeded initial forecasts due to an increase in demand for cosmetics as a result of the easing of behavioral restrictions following the shift of new coronavirus infection to Category 5, a moderate recovery in inbound demand, and an increase in demand for related products due to the rise in the number of cold and influenza cases.

As for the future, the Company expects solid performance in a favorable external environment, for these reasons the Company has revised our earnings forecast upward.

*The above earnings forecasts are based on current available information. Actual results may differ from forecasted figures above due to various factors.