News Release: TAKASHO CO., LTD.

(7590 TSE1)
August 23, 2021

Notice of Revisions to Business Forecasts for the Second Quarter andthe Full-year of the Fiscal Year Ending January 2022 andYear-end Dividend Forecast (Increase in Dividend)
At the Board of Directors Meeting held today, TAKASHO CO.,LTD. has revised its business
forecasts for the second quarter of the fiscal year ending January 2022 and the full-year business
forecasts and the year-end dividend forecast which were announced on March 3, 2021, in view ofrecent trends in operating results.
Although the business forecasts for the second quarter of the fiscal year ending January 2022 had
not been disclosed, the Company has decided to announce the forecasts as it expects asignificant increase in sales and profits compared to the results for the previous fiscal year.
1. Revisions to business forecasts
Business forecasts for the second quarter of the fiscal year ending January 2022
(January 21, 2021 - July 20, 2021, cumulative)
Net income
attributable toowners of parent

Net income
per share

Net sales

OperatingincomeOrdinaryincome

Million yen

Million yen

Million yen

Million yen

Yen

9,70681675453536.74

Revised forecasts (B)11,270

1,163

1,227

865

59.34

Increase/decrease (B-A)

1,564

347

473

330

-

Percentage change (B-A)

16.1

42.5

62.7

61.7

-

Previous results (A)Revisions to consolidated full-year business forecasts for the fiscal year ending January 2022
(January 21, 2021 to January 20, 2022)
Net income
attributable toowners of parent

Net income
per share

Net sales

OperatingincomeOrdinary
incomeMillion yen

Million yen

Million yen

Million yen

Yen

19,680

1,195

1,190

900

61.74

20,350

1,506

1,452

1,100

75.45

Percentage change (B-A)

670311262

200-

Percentage change (%)

3.4

26.0

22.0

22.2

-

18,486

1,156

1,152

952

65.36

Previous forecasts (A)Revised forecasts (B)(Reference)Previous results(FY1/21)

Reason for revisions
The Company expects sales to exceed the previous forecasts thanks to the effects of the investments
it has made to date, including the strengthening of sales promotion activities in the PRO Use Division
through the introduction of DX, the expansion of production plants and showrooms, and the market
launch of new total packaged products, the promotion of global expansion from the start of full-scale
operation of a production plant in China in the HOME Use Division, and the sustained demand forgardening.
Operating income is expected to exceed the previous forecasts as the Company expects the grossprofit margin to remain at the same level as the previous year due to an increase in the sales ratio of
in-house products and an increase in sales in the e-commerce field, amid soaring raw materials andocean freight rates, and it also expects SG&A expenses to be in line with its forecasts. Ordinary
income and net income attributable to owners of the parent are also expected to exceed the previous
forecasts owing to a larger-than-expected increase in foreign exchange valuation difference on foreign
currency-denominated transactions.
In light of the above conditions, the Company has decided to revise its full-year consolidated business
forecasts as described above.
2. Revision to dividend forecast
Annual dividend per shareEnd-1Q

End-2Q

End-3Q

Year-end

Total

Yen

Yen

Yen

---

20.00

20.00

Revised forecast

---

23.00

23.00

Current results-0.00-Previous results(FY1/20)-0.00-20.0020.00

Previous forecast(Announced on March 3,2021)

YenYenReason for revisions
The Company regards the return of profits to shareholders as one of its most important management
issues. The Company’s basic policy on dividends from retained earnings is to provide stable andcontinuous dividends to its shareholders, while taking into consideration the strengthening of its
management structure and future business development of the Group as a whole.
Based on the revised business forecasts announced today, the Company has decided to revise theannual dividend forecast for the current fiscal year to 23 yen per share, an increase of 3 yen from theprevious forecast of 20 yen per share, due to its financial position and its target payout ratio of 30%.
Although the outlook for economic trends is extremely uncertain, its policy is to give due consideration
to returning profits to shareholders while taking into account factors such as improving profitability,financial soundness, and dividend payout ratio.
(Note) The above forecasts are based on information available as of the date of publication of thisdocument. Actual results may differ from the forecasts due to various factors surrounding
the Company.