Notice Concerning Revisions to Financial Results Forecasts for the Fiscal Year Ended September 30, 2021

Note : This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

	November 8, 2021
Company name:	SPRIX, Ltd.
Name of representative:	Hiroyuki Tsuneishi, Representative
	Director and President
Securities code:	7030; 1st Section of the Tokyo
	Stock Exchange
Inquiries:	Masafumi Shitara, General
	Manager
	(Telephone: [phone])

Notice Concerning Revisions to Financial Results Forecasts

for the Fiscal Year Ended September 30, 2021

SPRIX, Ltd. (the "Company") has revised the forecast for the consolidated financial results for the fiscal year ended September 30, 2021 (October 1, 2020 through September 30, 2021), which was previously announced on May 10, 2021.

1. Financial Results Forecasts for the Full-year

Revisions to consolidated financial results forecasts for the fiscal year ended September 30, 2021 (October 1, 2020 through September 30, 2021)

(Millions of yen, except per share figures)

										Profit	Earnings per
				EBITDA*						attributable to
		Net sales			Operating profit		Ordinary profit		share
						owners of
										(yen)
										parent
Previously announced	24,983	2,519	1,477	1,476	859	49.83
forecasts (A)
Revised forecasts (B)	25,901	3,385	2,437	2,434	1,467	85.41
Change (B-A)	918	866	960	958	608
Change (%)	3.7%	34.4%	65.0%	64.9%	70.8%
(Reference) Actual
results for the previous
fiscal year (Fiscal year	11,843	1,937	1,787	1,787	1,150	67.08
ended September 30,
2020)

• EBITDA represents operating profit before amortization of goodwill and depreciation expenses.

2. Reason for the Revision

Social activities gradually reopened across Japan although negative impacts due to the COVID-19 outbreak still remained. Against this backdrop, the Company's consolidated financial results forecasts for the fiscal year ended September 30, 2021, is revised upward mainly due to the following: the School Operation Services run by the Company and Shonan Seminar CO., LTD. saw a significant increase in the number of students preferring face- to-face style classes; at the same time, personnel expenses and other costs were kept at a lower-than-expected level. As a result, operating profit, ordinary profit, and profit attributable to owners of parent are expected to climb more than 30%, respectively, from the previously announced forecasts. As listed companies in Japan are required to disclose revised forecasts in such cases, the Company has announced the revisions accordingly.

(Note) The financial results forecasts and other forward-looking information in this report are based on information currently available to the Company and assumptions determined to be reasonable at the time of this announcement. It should be noted that actual results may significantly differ from the forecasts due to various factors.

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