(For Translation Purposes Only)

July 30, 2024
To All Concerned Parties:
Company Name:
Representative:

Contact:

Parent Company
Name:
Representative:

Makuake, Inc.
President andRyotaro Nakayama
Representative
Director
Tokyo Stock Exchange code: 4479
Head ofJunghyun Kim
Investor Relations
TEL. 03-6328-4038
CyberAgent, Inc.
Representative
Susumu Fujita
Director
Tokyo Stock Exchange code: 4751

Notice of Booking of Extraordinary Loss (Loss on Valuation of Investment Securities) andRevisions to Full-Year Financial Forecasts
Please be advised that Makuake, Inc. (“Makuake”, “the company” or “we”) has booked a loss on valuation of investment
securities as an extraordinary loss for the nine months ended June 30, 2024 (October 1, 2023 to June 30, 2024), and has
revised its full-year financial forecasts for the fiscal year ending September 2024 (October 1, 2023 to September 30, 2024),
which were disclosed in “Non-consolidated Financial Results for the Fiscal Year Ended September 30, 2023 <underJapanese GAAP>” on October 24, 2023, as shown below.

1.

Booking of Extraordinary LossRegarding a portion of the investment securities (unlisted stocks) held by the company, the actual value has significantly
declined compared to the acquisition cost. The company therefore booked a loss on valuation of investment securities of
JPY 78 million as an extraordinary loss.

2.

Revisions to Full-Year Financial Forecasts(1) Revisions to Full-Year Financial Forecasts for the Fiscal Year Ending September 30, 2024 (October 1, 2023 toSeptember 30, 2024)

1

Net sales
Previously announced
forecasts (A)Revised forecasts (B)Change (B)-(A)Change (%)(Reference)
Results for the previous
fiscal year (ended
September 2023)

Million yen
3,925
3,603(321)(8.2)

Operatingprofit (loss)
Million yen
16(97)(113)-

Ordinary profit(loss)
Million yen
21(93)(114)-

Net income(loss)
Million yen
5(152)(157)-

Earnings pershare (loss)
Yen
0.40(12.02)
-

3,810

(489)

(482)

(491)

(38.98)(2) Reason for Revisions
The company has been actively implementing measures targeting repeat owners and repeat supporters to provide
a better experience for both owners and supporters, especially through the Makuake service, and thereby
encourage their repeat use of our site.
However, due to the ongoing high prices of raw materials and inflation, we have observed some changes in theproject publications by owners and the “support” pre-orders by supporters. Additionally, many of the high-quality
new and repeat owners’ projects, which we began acquiring from this third quarter, have experienced delays in thestart period compared to our initial expectations. As a result, the performance for the nine months ended June 30,
2024, fell below our planned levels.
Given that the external environment is expected to remain similar in the future, and considering that the period ofhigh-quality project publications may continue to fluctuate due to owners’ circumstances, we have revised ourfinancial forecasts disclosed on October 24, 2023. The revised figures are as follows: net sales of JPY 3,603 million(down 5.4% year on year), operating loss of JPY 97 million (operating loss of JPY 489 million in the same period of
the previous fiscal year), and ordinary loss of JPY 93 million (ordinary loss of JPY 482 million in the same period of
the previous fiscal year). Furthermore, due to the booking of a loss on valuation of investment securities as an
extraordinary loss mentioned earlier, loss has been revised to JPY 152 million (loss of JPY 491 million in the same
period of the previous fiscal year).

(Caution regarding forward-looking statements)
Forward-looking statements in this document such as projections of future financial performance are based on theinformation currently available to Makuake and certain assumptions Makuake considers reasonable, and do notconstitute a promise by the company to achieve them. Actual financial results may be materially different due tovarious factors.

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