November 10, 2023
Company name: SHIP HEALTHCARE HOLDINGS, INC.
Representative: Futoshi Ohashi, President(Securities Code: 3360 (Prime Market, Tokyo Stock Exchange))
Contact: Hiroshi Yokoyama, Executive Director
Tel.: +81-6-6369-0130
Notice regarding Difference between Consolidated Financial Results Forecast and Actual Results for
the Second Quarter of Fiscal Year Ending March 31, 2024
and Revision to Forecast for Consolidated Financial Results for the Full Fiscal Year

Based on recent trends in business performance, SHIP HEALTHCARE HOLDINGS, INC. announces
difference between consolidated financial results forecast and actual results for the second quarter offiscal year ending march 31, 2024, previously announced on May 12, 2023. In addition, the Company
has revised forecasts for consolidated financial results for the full fiscal year, as outlined below.

Details
1. Difference between Consolidated Financial Results Forecast and Actual Results for Second Quarterof Fiscal Year Ending March 31, 2024.
(April 1, 2023 – September 30, 2023)
Net sales

Previously announced forecast(A)
Actual results (B)Change (B−A)
Percent change (%)(Ref.) Results for second
quarter of previous fiscal year

OperatingprofitOrdinary
profitProfitattributable toowners of theparent

Net income
per share(Million yen)

(Million yen)

(Million yen)

(Million yen)

(Yen)

270,000
296,771
26,771
9.9
263,520

8,000
9,238
1,238
15.5
7,971

7,800
10,116
2,316
29.7
7,498

4,200
3,686(513)(12.2)
4,143

44.51
39.07
－－
43.92

(2Q, FY ended March 31 2023)

2. Revised forecast of business performance for Fiscal Year Ending March 31, 2024.
(April 1, 2023 – March 31, 2024)
Net sales

Previously announced forecast(A)
Revised forecast (B)Change (B−A)
Percent change (%)(Ref.) Results of previous
fiscal year

OperatingprofitOrdinary
profitProfitattributable toowners of theparent

Net income
per share(Million yen)

(Million yen)

(Million yen)

(Million yen)

(Yen)

600,000
600,000－－
572,285

24,00023,500(500)(2.1)
21,11423,50023,500－－20,607

13,50012,500(1,000)(7.4)
12,063143.08132.49－－127.85( FY ended March 31 2023)

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3. Reason for difference and revisions(1) Reason for difference between Consolidated Financial Results Forecast and Actual Results for
Second Quarter of Fiscal Year Ending March 31, 2024.
In the Total Pack Produce business, the performance has been progressing well due to successfulproject execution. Additionally, the inclusion of Kingrun group, which joined the Group in July lastyear, has contributed significantly to the performance. Moreover, in the manufacturing sector, theintroduction of new products has led to a recovery in performance. As a result, the net sales, operating
profit, and ordinary profit have exceeded the previously announced expectations.
Furthermore, the Medical Supply business has been performing well, and in the Life Care Business,despite ongoing inflation in care services, the Company has been reviewing service fees and prices.
Additionally, we have made progress in business improvements for meal services. In the pharmacy
business, the performance has also been strong.
However, 2 consolidated subsidiaries in the Republic of the Union of Myanmar have been affected by
the impact of Western financial sanctions and forced currency conversion resulting from the military
coup that occurred previously. Furthermore, with the recent strengthening of additional financial
sanctions, it has become increasingly difficult to recover foreign currency or make purchases. Given
the prospect of such circumstances continuing in the future, it has been determined that the originally
anticipated excess earning power cannot be expected. As a result, the full amount of goodwill, total of
2,635 million yen, has been recognized as an extraordinary loss through impairment.

(2) Reason for the revision of forecast of business performance for Fiscal Year Ending March 31,2024.
For the full-year consolidated performance forecast for the fiscal year ending in March 2024, theCompany has revised the Operating profit and Profit attributable to owners of the parent since theprevious forecast announced on May 12, 2023, due to the impact of Myanmar business mentioned in(1) above.

Note: The performance forecast is based on information available as of the date of this document andactual performance may differ from the forecasted figures due to various factors in the future.

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