February 13,2023
Company name:
Komehyo Holdings Co., Ltd.
Name of representative: Takuji Ishihara, Representative
Director and President(Securities code: 2780;
TOKYO STANDARD / NAGOYA MAIN)
Inquiries:
Hiroyuki Yoshida, General Managerof IR・PR Department(Telephone: +81-52-249-5366)

Notice Concerning Revisions to Full-Year Financial Results Forecasts
and Dividend Forecasts

Komehyo Holdings Co., Ltd. (the “Company”) hereby announces that in light of the most recent operating
trends, a decision was passed at the meeting of the Board of Directors held on February 13,2023, torevise the financial results forecasts and dividend forecast for the fiscal year ending March 31,2023(April 1,2022 through March 31,2023), disclosed with the announcement of the financial results for thefirst quarter ended March 31,2023 on August 8 last year, as described below.

1. Revisions to consolidated financial results forecasts for the current fiscal year (April 1,2022
through March 31,2023)(Millions of yen)
Consolidated
net sales

Consolidated
operatingprofitConsolidated
ordinary profit

ProfitConsolidated

attributable toearnings perowners of parent

share(yen)82,5004,350

4,350

2,830

258.30

Revised forecasts (B)85,000

4,780

5,040

3,280

299.37

Change (B-A)

2,500

430

690

450－

Change (%)

3.0

9.9

15.9

15.9

－

71,148

3,714

3,772

2,259

206.19Previously announced
forecasts (A)(Reference) Actual consolidated
results for the previous fiscal year
(Fiscal year ended March 31, 2022)

2. Reason for revision
Net sales were higher than the previous target in the third quarter, as in the first half. Purchasesfrom individuals were buoyant and so were corporate sales through actions for companies and othersin addition to retail sales with e-commerce serving as a hub.

Operating income also exceeded the previous target, as the growth of sales resulted in increased
income, we worked intensively to control prices matched to the markets for items and we placed
advertisements with a focus on efficiency to reduce expenses.
Ordinary income was higher than the previous target, due chiefly to guarantee deposits received
in connection with the relocation of the Ginza Main Store of K-Brand Off Co., Ltd.
In the fourth quarter, we anticipate no intense need to sell jewels or precious metals arising chiefly
from an increase in gold market prices like there was in the same quarter of the previous fiscalyear.
With an eye towards the coming fiscal years, we will not only revise inventories but also advancerecruitment for the opening of more stores and growth and advertising to increase the number ofcustomers. For these reasons, we have decided to revise our full-year consolidated financialforecasts.

3. Details of revision(Yen)
Annual dividends
Second quarter-end

Fiscal-year end

Total

Previous forecasts－25.00

50.00

Revised forecasts－35.00

60.00

25.00

－－

12.00

20.00

32.00

Actual results for thecurrent fiscal year
Actual results for the previous
fiscal year
(Fiscal year ended March 31, 2022)

4. Reason for revision to dividend forecasts
We understand that shareholder return is a significant issue in our management strategy. Our basic
policy is to pay appropriate dividends according to sales, income and cash flows while retaining
the earnings necessary for the future expansion of business and the enhancement of our management
structure. Based on this policy, in overall consideration of our income level, financial positionand other factors for the fiscal year ending March 31, 2023, we have decided to revise the year-end
dividend forecast for the fiscal year ending March 31, 2023 upwards 10 yen from 25 yen per sharein the previous forecast to 35 yen per share. The annual dividend will be 60 yen per share.
We will continue our endeavors to improve capital efficiency and to pay stable dividends while
ensuring financial soundness.

Note: The forecasts above have been created on the basis of the information available as of thedate of publication of this document, and actual results may differ from the forecasts stated inthis document.