NEWS RELEASEAOI TYO Holdings Inc.

1-5-1, Osaki, Shinagawa-ku
Tokyo 141-8580

April 28, 2020

Notice Regarding Delay of Consolidated Financial Results Announcement
for the First Quarter of the Fiscal Year Ending December, 2020 andRevision to Second Quarter and Full-year Consolidated Performance Forecast

AOI TYO Holdings extends our heartfelt condolences to those who have been affected by the passing offriends, neighbors, or relatives due to COVID-19. We also extend wishes for a rapid recovery to thosesuffering from COVID-19 symptoms.
AOI TYO Holdings hereby announces that we will delay our announcement of consolidated financial
results for the first quarter of the fiscal year ending December 2020. We are also retracting ourconsolidated earnings forecasts previously announced February 19, 2020, changing the status of ourforecast to “to be determined.”
1. Financial Results Announcement Delay
AOI TYO Holdings planned to conduct our announcement of consolidated financial results for the firstquarter of the fiscal year ending December 2020 on May 15, 2020. However, due to the impact of theglobal spread of COVID-19, we expect financial statement audit procedures to be delayed for groupcompanies in Japan and overseas. Therefore, we have postponed our earnings announcement until
May 19, 2020.
2. COVID-19 Response and Revision to Earnings Forecast
AOI TYO Group is strengthening our response to prevent the spread of COVID-19. For the time being,
we are requiring employees to work from home as a rule and restricting access to our physicalfacilities. Placing the highest priority on the safety and health of our business partners and employees,
as well as to respond to social demand for preventing the spread of COVID-19, we have asked thoseinvolved in filming and editing advertising production projects that require interactions between two or
more people to postpone their work. We are adopting planning and production methods that avoid theThree C’s (closed spaces, crowded spaces, close contact) to minimize the risk of infection. We arealso talking with advertising agencies and advertisers, continuing advertising communications
activities as appropriate while ensuring production set safety.
We have not projected the impact of COVID-19 on the earnings forecasts for the fiscal year ending
December 2020 we announced on February 19, 2020. As stated above, the impact of COVID-19 is adirect factor in the postponement of filming, events, etc. Further, the disease may cause fluctuations indemand for advertising due to global economic and corporate earnings trends. It is difficult for us torationally calculate earnings projections at present, since no guidance has been provided regarding an
outlook to an end in the spread of COVID-19. Therefore, we have retracted our former earnings
forecasts and will make a new announcement once we are able to calculate earnings forecasts.
Consolidated cash and deposits as of December 2019 amounted to ¥9,111 million and we maintain ahigh current ratio of 196.3%. Further, we have signed a collective ¥12.0 billion in commitment line
agreements with several financial institutions (¥3.2 billion outstanding as of March 2020), securing
sufficient liquidity.
(1) Revised forecast of consolidated financial results for January 1 – June 30, 2020
Millions of yen, excepting net income per share
Operatingincome

Net sales

Ordinary
incomeNet income
attributable toowners of theparent

Net income pershare (¥)

Earlier forecast (A)31,500

1,000

900

500

21.28

Revised forecast (B)

TBD

TBD

TBD

TBD

TBD

(B) – (A)-----Percentage of changes

----

637

257

10.95

Reference(2019/2Q results)

30,636816(2) Revised forecast of consolidated financial results for January 1 – December 31, 2020
Millions of yen, excepting net income per share
OperatingincomeNet sales

Ordinary
incomeNet income
attributable toowners of theparent

Net income pershare (¥)

Earlier forecast (A)65,000

2,500

2,400

1,40059.59

Revised forecast (B)

TBD

TBD

TBD

TBD

TBD

(B) – (A)-----Percentage of changes

----

1,763

(1,280)(54.50)

Reference(FY2019 results)

65,2292,118

3.

Dividend Forecast
At present, we have not changed our dividend forecast for a fiscal year dividend of ¥20 per share (¥8per share interim dividend and ¥12 per share year-end dividend).

We regret the inconvenience this delay places on our shareholders, investors, and others. Thank you foryour understanding.
*The forecasts above are based on information available at the time. Actual performance may vary from forecasts due
to various factors that may occur in the future.