News Release: TAKASHO CO., LTD.

(7590 TSE1)
February 25, 2021

Notice of Revisions to Business Forecasts andDividend Forecasts (Increase Dividend)
At the Board of Directors Meeting held today, TAKASHO CO., LTD. has resolved to revise its
full-year business forecasts and dividend forecasts for the fiscal year ended January 20,
2021, which were announced on December 14, 2020, in view of recent trends in operating
results.

1. Revision to business forecasts
Revision to consolidated full-year business forecasts for the fiscal year ended January 20, 2021
(January 21, 2020 – January 20, 2021)

Million yen

Million yen

Million yen

Net income
attributable toowners ofparent
Million yen

18,4001,195

1,100771

52.89

18,48686
0.5

1,156-38-3.2

1,152
52
4.8

952
181
23.6

65.36

17,357

531

469

203

13.93

Net sales

Previous forecasts (A)Revised forecasts (B)Increase/decrease (B-A)
Percentage change (%)(Reference)Previous results (FY1/20)

OperatingincomeOrdinary
incomeNet income
per share
Yen-Reason for the revision
Net sales are expected to exceed the previous forecasts. The upward revision is attributable
to the fact that our investments in the following initiatives are beginning to show some effects:
expansion of the production plant and showroom in the PRO use business; promotion ofglobal expansion through the full-scale operation of the production plant in China in theHome use business: and the launch of new total package products. In addition, the impact of
COVID-19 is recovering to a certain extent, and exterior construction projects, etc., which had
been at a standstill since the beginning of the fourth quarter, have started to be resumed andgardening demand continues to grow. Operating income is expected to decrease slightly due
to inventory write-downs and an increase in the provision for point card certificates. Ordinary
income and net income attributable to owners of the parent are expected to exceed theprevious forecasts due to a greater-than-expected increase in foreign exchange differencesin foreign currency-denominated transactions and the recording of extraordinary income fromthe reversal of adjustment account following the completion of liquidation of an overseas
subsidiary.
In light of the above status, the Company has decided to revise its consolidated full-yearbusiness forecasts as described above.

2. Revision to dividend forecasts

End-1Q

End-2Q

Annual dividend
End-3Q

Year-end

Total

Yen

Yen

Yen

Yen

Yen---

16.00

16.00

Revised forecasts

---

20.00

20.00

Current results

-

0.00

-

Previous results(FY1/20)

-

0.00

-

10.00

10.00

Previous forecasts(announced on December
14, 2020)

Reason for the revision
We regard the return of profits to our shareholders as one of our most important management
issues. Our basic policy on the distribution of surplus is to provide stable and continuous
dividends to our shareholders while taking into consideration the strengthening of ourmanagement structure and future business development of the Group as a whole.
Based on the revised business forecasts announced today, we have decided to revise theannual dividend forecast for the current fiscal year to 20 yen per share, an increase of 4 yenfrom the previous forecast of 16 yen per share, due to our financial position and our target
payout ratio of 30%.
Although the future of economic trends remains extremely uncertain, our policy is to give due
consideration to the return of profits to our shareholders, while taking into account the status of
our earning capacity, financial soundness, dividend payout ratio, and other factors.
*The above forecasts are based on information available as of the date of announcement of
this document. Actual results may differ from the forecasts due to various factors.