1Q Results for FY2022
Supplementary Materials

August 6 August 6August 5, 2022
Benesse Holdings, Inc.
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.

Forward-Looking Statements

This presentation contains forward-looking statements concerning the future plans,strategies, beliefs and performance of Benesse Holdings, Inc. and its subsidiaries.
These forward-looking statements are not historical facts. They are expectations,estimates, forecasts and projections based on information currently available to theCompany and are subject to a number of risks, uncertainties and assumptions. As
such, actual results may differ materially from those projected.

1

Results by Segment (YoY)
Three months ended June 30(Millions of Yen)FY2021

FY2022

Change%Education Business in Japan

50,487

51,630+1,143+2.3

Kids & Family

17,15331,263
6,341
215

16,37732,128
0485

(776)
+865
(6,341)
+269

(4.5)
+2.8
(100.0)+125.1

105,461(1,306)695
1,710

100,622789
123308(4,839)+2,095(572)(1,401)(4.6)

Ordinary Income(1,273)(847)(1,021)(2,658)0(1,184)
37(1,306)+1,273(336)+1,058+1,352Net Income(3,032)(2,323)+708

Nursing Care and Childcare
Berlitz
OthersTotal Net Sales
Education Business in Japan
Kids & Family
Nursing Care and Childcare
Berlitz
Others/Reconciliations
Total Operating Income－(82.3)(81.9)－－－－－

Note: Berlitz Corporation was excluded from the scope of consolidation from the fourth quarter of the previous fiscal year as a result of the share transfer of thecompany.

2Results : Analysis of Net Sales/Operating Income (YoY)(Billions of Yen)

Shinkenzemi

Education
Business inJapanNet Sales

Kids & Family

School & Teacher
SupportPrep Schools &Classrooms
University & Working
Adult, OtherKodomo
Challenge

Decrease in cumulative enrollment / positive impact of the price revision, etc.
Advanced recording of sales for Shinken Simulated Exams
Increase in orders for elementary and junior high school business etc.

(1.9)
+1.4

Increase in No. of students in Tetsuryokukai, etc.

+0.1

Increase in orders in support for study abroad, developmental education, and Udemy business, etc.

+1.5Japan : decrease in cumulative enrollment / positive impact of the price revision and recovery of concert business, etc.

(0.2)

Overseas : decrease in cumulative enrollment, etc.

(1.2)
+0.8

Forex rate impact
Tamahiyo business, etc.

(0.1)

Nursing Care and Childcare

Consolidate Heart Medical Care Co., Ltd. / decline in the elderly homes occupancy rates, etc.

+0.8

Berlitz

No sales contribution from Berlitz as a result of the share transfer(6.3)

Shinkenzemi : Elimination of impact of the product revision cost recorded in the privious year/ decrease in marketing costs /lower sales, etc.

+0.4

Higher sales in the School & Teacher Support, Prep Schools and Classrooms, University & Working Adult, etc.

+1.6Japan : decrease in costs / lower sales+0.0

Overseas : Lower sales, etc.

(0.5)

Lower sales, etc.

(0.0)

Nursing Care and Childcare

Increase in marketing costs to strengthen sales promotion, utilities expenses / Lower sales in Nursing Care business, etc.

(1.4)

Berlitz

Elimination of operating loss as a result of the share transfer+1.2

Lifestyle

Education Business in Japan
Operating Income

Kids & Family

KodomoChallenge
LifestyleNote: We revised the method of aggregation for School & Teacher Support and Other, which are included in Education Business in Japan and mentioned figures for Prep
Schools & Classrooms and University & Working Adult separately from the first quarter of the current fiscal year. Along with this change, figures for corresponding period of theprevious fiscal year are based on those changes.

3Seasonal factors for operating income●Structurally, 1Q profits tend to be low due to increased production costs for educational
materials and other factors, while profits accumulate from 2Q onward.
※Operating loss expanded in 1Q results for FY2020 due to COVID-19

Trends in operating income（FY2016〜FY2022）（Billions of yen）

1510

50(5)

2Q

1Q
FY2016FY2017FY20183Q
FY20194

FY20204Q
FY2021

FY2022

FY2022 Full-year Forecast
Forecast announced on May 12, 2022 has not been changed.
(Millions of Yen)FY2021Net Sales

FY2022(Forecast)

Change%431,943

426,000(5,943)(1.4)

Operating Income

20,16725,000+4,833+24.0

Operating Income ratio（%）

4.7

5.9+1.2ーOrdinary Income

15,404

19,500+4,096+26.6

Net Income

1,064

13,500+12,436

ー

Exchange Rate(USD/JPY)

109.84118.00+8.16

ー

5EducationBusinessin Japan

Breakdown of Net Sales

Three months ended June 30(Millions of Yen)FY2021

FY2022

Change%Ratio(%)

Senior High School

3,344

2,846(498)(14.9)

5.5

Junior High School

7,680

6,788(892)(11.6)

13.2

Elementary School

16,244

15,650(594)

(3.7)

30.3

9,989

11,429+1,439+14.4

22.1

9,218

9,384+165

+1.8

18.2

3,815

5,284+1,468+38.5

10.2Other193

247+54+28.3

0.5

Total

50,487

51,630+1,143+2.3

100.0

School & Teacher
SupportPrep Schools &Classrooms
University &Working Adult

Note: We revised the method of aggregation for School & Teacher Support and Other, which are included in Education Business in Japan andmentioned figures for Prep Schools & Classrooms and University & Working Adult separately from the first quarter of the current fiscal year. Alongwith this change, figures for corresponding period of the previous fiscal year are based on those changes.

6Kids & Family

Breakdown of Net Sales

Three months ended June 30(Millions of Yen)FY2021
Kodomo Challenge

FY2022

Change%Ratio(%)

5,036

4,815(220)

(4.4)

29.4

7,078

6,806(272)

(3.8)

41.6

Other *

5,038

4,755(283)

(5.6)

29.0

Total

17,153

16,377(776)(4.5)

100.0in Japan (Preschool)
Overseas Kodomo
Challenge (Preschool)* ‘’Other‘’ includes Kodomo Challenge peripheral businesses such as concert business and Lifestyle-related businesses such as Tamahiyo business, etc.

7

Education
Business in Japan
Kids & Family

Cumulative Enrollment for Shinkenzemi and Kodomo Challenge【Cumulative Enrollment for Shinkenzemi】
Three months ended June 30(Thousands）

FY2021

FY2022

Change%Senior High School

370301(68)(18.6)

Junior High School

1,167993(174)(14.9)

Elementary School

3,947

3,720(226)

(5.7)

Total

5,486

5,016(469)(8.6)

【Cumulative Enrollment for Kodomo Challenge (Preschool)】
FY2021

FY2022(Thousands）

Change%Kodomo Challenge in Japan (Preschool)

2,263

2,057(205)(9.1)

Overseas Kodomo Challenge (Preschool)

3,602

3,158(443)(12.3)

Total

5,865

5,216(649)(11.1)•Note1: Cumulative enrollment represents the cumulative total No. of people who receive materials monthly (from April to June).
•Note2: Overseas Kodomo Challenge represents total No. of cumulative enrollment in China and Taiwan .
Cumulative enrollment for China represents the cumulative total No. of people who receive materials monthly (from January to March), due to the differences of thoseclosing dates ended December 31st.
8

Nursing Careand Childcare

No. of Nursing Homes and Elderly Houses
June 2021

Mar. 2022

June 2022

Aria262727

Clara393938153154157Madoka

57

57

57

Bon Sejour

49

49

50

Cocochi

15

15

15

Li-Re222

Total

341

343

346

Granny & Granda9