BEENOS : Notice of Revision to Full-Year Earnings Forecast

This is a translation of the original Japanese release. The Japanese text shall prevail in case of any variance between this version and the Japanese text.

Company Name	BEENOS Inc.
	President and Group CEO	Shota Naoi
(TSE Prime Code: 3328)
Contact	Director and Executive	Taisuke Miura
	Managing Officer
Telephone	03-6859-3328

Notice of Revision to Full-Year Earnings Forecast

Tokyo, Japan - 8 May 2024 - BEENOS Inc. (BEENOS) announced that it has revised its earnings forecast for the FY2024 (1 October 2023 to 30 September 2024), which was disclosed at the announcement of the financial results for FY2023 on 7 November 2023, as follows.

1. Revision of consolidated financial results forecast for FY2024 (1OCT2023 to 30SEP2024)

Operating

Ordinary

Net income

Per share

attributable to

Unit: Million yen

Net sales

Net income

income

income

owners of the

for the year

parent

Previous Forecast

33,620

2,830

2,400

1,560

128.25 Yen

(A)

Revised Forecast

24,500

2,100

1,800

1,560

128.25 Yen

(B)

Difference

▲9,120

▲730

▲600

0

-

(B-A)

Difference ratio (%)

▲21.7%

▲25.8%

▲25.0%

0.0%

-

(Reference) Results

32,508

4,501

4,053

2,198

180.76 Yen

for FY2023

2. Reasons for the Revision

As previously disclosed in announcements on 14 February 2024, regarding "Notice of Changes in Consolidated Subsidiaries (Share Transfer)" and the subsequent update on 30 April 2024, titled "(Progress of Disclosed Matters) Notice of Completion of Change in Consolidated Subsidiaries (Shares Transfer) and Forecast of Extraordinary Income," the divestiture of two consolidated subsidiaries has led to a decrease in both revenue and profit. Additionally, due to underperformance in operating profit within the Value Cycle segment through the second quarter of FY2024, the full-year revenue, operating income, and ordinary income will not likely meet its

previously stated forecasts. However, the net profit attributable to the parent company is projected to align with initial forecasts, bolstered by the recording of an estimated 800 million yen in extraordinary income from the business transfers mentioned.

(Note) The forward-looking statements in this release are based on management's current assumptions and beliefs using information available as of this release date. Actual results may vary from these forecasts due to various factors.

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