Notice: 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.

November 13, 2023
Company name:Name of representative:(Securities code: 6676)
Inquiries:

MELCO HOLDINGS INC.
Hiroyuki Maki, President and CEO
Yasukazu Kouketsu, General Managerof IR Division(Telephone: +81-3-4213-1122)

Notice Concerning Revisions to Full-Year Consolidated Earnings Forecasts
MELCO HOLDINGS INC. (the “Company”) hereby announces that it has resolved, at meeting of the Board of
Directors held on November 13, 2023, on a revision of its consolidated earnings forecasts for the full fiscal year
ending March 31, 2024, announced on May 12, 2023. The details are described below.
1. Consolidated earnings forecasts for the full fiscal year ending March 31, 2024 (April 1, 2023 through March31, 2024)
Profit attributableto owners ofEarnings per shareparentNet sales

Operating profit

Ordinary profit

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Previously announcedforecasts (A)150,000

4,000

4,300

3,000177.98

Revised forecasts (B)148,000

1,800

1,600

1,200

71.35

Differences (B-A)(2,000)(2,200)(2,700)(1,800)(1.3)(55.0)(62.8)(60.0)

142,576

4,518

4,718

3,057

Change (%)(Reference) Actual results forthe previous fiscal year
(Fiscal year ended March 31,2023)

Yen

181.23

2. Reason for revisions
In the six months ended September 30, 2023, Buffalo Inc., the Company’s main operating subsidiary in theIT-related sector, expanded sales of value-added products while maintaining and improving market sharethrough efforts to ensure stable supply of products and to stabilize product prices. However, concerning
profits, the rise in cost prices caused by the significant depreciation of the yen compared to the assumed
average exchange rate for the fiscal year ending March 31, 2024 of 130 yen for 1 US dollar used in the initial
forecasts resulted in an extremely challenging earnings environment. In the food sector, the Company worked
to expand sales of value-added products and create markets to capture new demand. While the cost ofproduction and labor rose due to rising raw material prices overall, including main ingredients such as wheat
and soba flour, and labor shortages, the Company implemented initiatives to reduce cost prices and strove toallow the product price revisions implemented in February 2023 to take hold. As a result, the Company had
solid performance in both net sales and profits in the sector.
At Buffalo Inc., as the foreign exchange rate for the yen has consistently been weaker than the initial forecast,the exchange rate assumption for the second half of the fiscal year has been revised to 150 yen for 1 US
dollar, which reflects the current level. In addition, as domestic demand is not expected to significantly-1-improve, the Company has downwardly revised its consolidated forecasts for net sales, operating profit,ordinary profit, and profit attributable to owners of parent for the fiscal year ending March 31, 2024 from thepreviously announced forecasts.
Note:
The above earnings forecasts are prepared based on information currently available to the Company, andactual results may differ from the above forecasts due to a variety of factors going forward.
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