R e s u l t s o f 2 0 2 2

B r i e f i n g : Q 1 S T ( M a r c h t o M a y 2 0 2 1 ) R e s u l t s E n d i n g F e b .

5th July, 2021

1 Market Trends for Q1ST Results of 2022 Ending Feb.

Market movements are still unclear.

Amidst the prolonged Covid-19 pandemic, risks, such as states of emergency and store closures/shortening of open hours, could yet directly impact business performance

Prospects for a gradual market recovery

Nevertheless, the effects of various measures, including the commencement of inoculation, are expected, and the economy will recover from here on.

Yet, the speed of recovery will be gradual in the apparel industry and severe environment will continue for a while.

Our strategy

Existing management approach of just waiting the situation leads to further predicament. With this in mind, we will keep on creating a business foundation and challenging new businesses.

2 Covid-19 Impact on Q1ST Results of 2022 Ending Feb.

March results were strong. After April, the effects of Covid-19 infections expanded. It gave a big impact on our management such as over 300 stores(about 30% of all stores) forced to close and most of the stores had to shorten business hours because we open stores mainly in metropolitan areas.

Nationwide Numbers of Covid-19 Infections

8,000

Q1ST(March to May)

April 25, 2021

State of emergency declared in Tokyo,

April 5, 2021

Osaka, Hyogo and Kyoto

* Thereafter, areas added in stages

6,000

Application of selective measures,

such as preventing spread, in Osaka,

Hyogo and Miyagi

* Thereafter, areas added in stages.

4,000

March 22, 2021

Met Area (Met area plus 3

prefectures) State of

emergency lifted

2,000

0

February 15.

March

April

May

June

2021

April 25: Emergency declared in Tokyo, Osaka, Hyogo and Kyoto

Some 30% of apparel stores closed across Japan

May 12: Aichi and Fukuoka prefectures added to state of emergency

May 16: Hokkaido, Okayama and Hiroshima prefectures added to state of emergency

May 23: Okinawa prefecture added to state of emergency

Some 10% of stores closed on weekdays, and some 20% closed on weekends

3 Standing position of TIP24 on Q1ST Results of 2022 Ending Feb.

What should we be doing and where should we be going right now ?

We will not stagnate, but instead continue to confront our

challenges in order to create new value that will bring future

happiness to our stakeholders.

In order to keep on changing and become a profitable

business entity, we have pushed ahead with reforms, both

thoroughly and carefully in Q1.

Organizational integration 1st Phase completed

2021

The happiest

fashion

company

in the world

2023

2022

Growth and leap forward

Brands that can take on the world and spread into neighboring regions

2020

Investment in the future

Painful innovation

Setup that nurtures personnel and business, EC, digital shift and fresh investment

Withdrawing from businesses, closing stores, reducing labor costs…

  • TIP24TSI Innovation Program 2024) is a name of in-house program in regard to structural reform and future strategy started from 2022 Ending Feb.

AGENDA

1

Results Overview

2

About Business Situation in Q1ST

3

About Business Situation by Channel

4

About Initiatives Related to Environmental Issues

5

About Balance Sheet and Future Investment Strategy

6

About Full-year Forecast

7

Reference Data

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TSI Holdings Co. Ltd. published this content on 05 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 July 2021 07:21:08 UTC.