1Q Results for FY2021
Supplementary Materials

August 6, 2021
Benesse Holdings, Inc.

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)*Figures prior to applicationof Accounting Standard for
Revenue Recognition

Note1 The Company has revised its classification of reportable segments from three months ended June 30,2021. Information for three months
ended June 30, 2020 has been presented based on the new classification after this change.
Note2 “Accounting Standards for Revenue Recognitions” have adopted since the beginning of the first quarter of the current consolidated fiscal year. Figuresfor the first quarter of the fiscal year ending June, 2021 are stated after the application of the new accounting standards, and the ratio of net saleschanges from the same period of the previous fiscal year is indicated.

2

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

Figures prior to application of AccountingStandard for Revenue Recognition

The Company revised its classification of Shinkenzemi Junior high school and Other in Education Business in Japan since the beginning of the first quarterof the current consolidated fiscal year.

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～FY2021）（Billions of yen）

1Q

2Q

3Q
44Q

FY2021 Forecast
Forecast announced on May 11, 2021 has not been changed.

FY2020Net Sales

FY2021(Forecast)(Millions of Yen)

Change%427,531441,000

13,469

3.2

Operating Income

13,08917,500

4,411

33.7

Operating Income ratio（%）

3.1

4.0

0.9ー

Ordinary Income

9,260

12,000

2,740

29.6

Net Income

3,122

5,000

1,878

60.1

Exchange Rate(USD/JPY)

106.67108.001.33ー

5EducationBusinessin Japan

Breakdown of Net Sales

Three months ended June 30(Millions of Yen)FY2020

FY2021

Change%Ratio(%)

Senior High School

3,797

3,344(452)(11.9)

6.6

Junior High School

7,897

7,680(216)

(2.7)

15.2

Elementary School

16,132

16,244

112

0.7

32.2

8,518

12,123

3,604

42.3

24.0

Other

6,790

11,094

4,304

63.4

22.0

Total

43,13650,487

7,351

17.0

100.0

School & Teacher
SupportThe Company revised its classification of Shinkenzemi Junior high school and Other in Education Business in Japan since the beginning of the first quarterof the current consolidated fiscal year.

6Kids & Family

Breakdown of Net Sales

Three months ended June 30(Millions of Yen)FY2020
Kodomo Challenge in Japan

FY2021

Change%Ratio(%)

4,793

5,036

242

5.1

29.4

5,789

7,078

1,288

22.3

41.3

Other

5,531

5,038(493)

(8.9)

29.3

Total

16,115

17,153

1,038

6.4

100.0

(Preschool)
Overseas Kodomo Challenge(Preschool)7

Education
Business (Japan)
Kids & Family

Cumulative Enrollment for Shinkenzemi and Kodomo Challenge【Cumulative Enrollment for Shinkenzemi】(Thousands）

Three months ended June 30FY2020

FY2021

Change%Senior High School

417370(47)(11.3)

Junior High School

1,199

1,167(31)(2.7)

Elementary School

3,879

3,947

68

1.8

5,496

5,486(10)

(0.2)

Total

【Cumulative Enrollment for Kodomo Challenge (Preschool)】
FY2020

FY2021(Thousands）

Change%Kodomo Challenge in Japan (Preschool)

2,343

2,263(80)(3.4)

Overseas Kodomo Challenge (Preschool)

3,628

3,602(26)

(0.7)

Total

5,972

5,865(106)(1.8)•Note1: Cumulative enrollment represents the cumulative total No. of people who receive materials monthly (from April to June).
•Note2: Cumulative Enrollment for Overseas Kodomo Challenge is the total No. of cumulative enrollment for Kodomo Challenge in China, Taiwan and Indonesia.
Cumulative enrollment for China and Indonesia represents the cumulative total No. of people who receive materials monthly (from January to March), due tothe differences of those closing dates ended December 31 st.

8

Nursing Careand Childcare

No. of Nursing Homes and Elderly Houses

June 2020

March 2021

June 2021

Aria

242526

Clara403939146152153

Madoka575757

Bon Sejour474949

Cocochi141515

Li-Re222

Total

330

339

341

Granny & Granda

9Berlitz

Berlitz No. of Lessons by Region (Berlitz operated)

Three months ended March 31(Thousands of Lessons)

2020

2021%

Americas

244

264

8.3

Europe484

387(20.1)

Asia

339

241(29.0)

Total

1,068

892

(16.4)

Six months ended June 30 (Preliminary figures)

2020(Thousands of Lessons)2021%

Americas

479

569

18.6

Europe743

789

6.2

Asia

526

501

(4.7)

Total

1,749

1,860

6.3

10