1Q Results for FY2023
Supplementary Materials

August 6 August 6August 4, 2023
Benesse Holdings, Inc.
Note : 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.

Forward-Looking Statements

This presentation contains forward-looking statements concerning the futureplans, 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 the Company and are subject to a number of risks,
uncertainties and assumptions. As such, actual results may differ materiallyfrom those projected.

1

Results by Segment (YoY)
Three months ended June 30(Millions of Yen)FY2022

FY2023

ChangeEducation Business in Japan

51,63050,402(1,228)(2.4)

Kids & Family

16,377

15,120(1,257)(7.7)

Nursing Care and Childcare

32,12834,167+2,038+6.3

485762+277+57.2

100,622

100,452(169)(0.2)

Education Business in Japan

789

47(742)(94.0)

Kids & Family

12394(29)(23.7)

Nursing Care and Childcare

308

1,478

+1,169+378.4

Others/Reconciliations(1,184)

(767)

+417

－

Total Operating Income

37852+815－

Ordinary Income(1,306)

(642)

+663

－

Net Income(2,323)(1,615)+708－

OthersTotal Net Sales

2%

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

Decrease in cumulative enrollment / positive impact of the price revision, etc.

(1.8)

School & Teacher
Support

Positive impact of the price revision for Shinken Simulated Exams, increase in orders for elementaryand junior high school business, etc.

+0.3

Prep Schools &Classrooms

Decrease in No. of students in Tokyo Individualized Education Institute/increase in No. of students inTetsuryokukai, consolidates Kyoto Rakusei prep school, etc.

(0.0)

Shinkenzemi

Education
Business inJapan

University & Working
Increase in orders in Udemy business, etc.
Adult, OtherNet Sales

Kids & Family

KodomoChallenge+0.3

Japan : decrease in cumulative enrollment/positive impact of the price revision, etc.

(0.5)

Overseas : decrease in cumulative enrollment, etc.

(0.4)
+0.2

Forex rate impact
Tamahiyo business, etc.

(0.4)

Nursing Care and Childcare

Positive impact of the price revision in the nursing home care service business / increase in nursing
home residents, etc.

+2.0

OthersNaoshima business,etc.

+0.2

Shinkenzemi : Lower sales, investment in products/ decrease in marketing costs, etc.

(0.7)

Lower sales in the Prep Schools and Classroom business/ Higher sales in the University & Working
Adult business, School & Teacher Support business, etc.

+0.0

Japan : decrease in marketing costs/ lower sales, etc.

+0.4Overseas : Lower sales, etc.

(0.4)

Lower sales, etc.

(0.0)

Nursing Care and Childcare

Higher sales, etc.

+1.1

Others/Reconcilliations

Higher sales, etc.

+0.4

Lifestyle

Education Business in Japan
Operating Income

Kids & Family

KodomoChallenge
Lifestyle3

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～FY2023）（Billions of yen）

1Q

2Q

3Q

44Q

FY2023 Full-year Forecast
Forecast announced on May 12, 2023 has not been changed.
(Millions of Yen)FY2022

FY2023(Forecast)

Change411,876

423,000+11,124+2.7

Operating Income

20,62021,500+880+4.3

Operating Income ratio（%）

5.0

5.1+0.1

ーOrdinary Income

15,896

16,000+104+0.7

Net Income

11,353

11,500+147+1.3

19.99

19.80(0.19)

ー

Net Sales

Exchange Rate (CNY/JPY)5%

Education
Businessin Japan

Breakdown of Net Sales

Three months ended June 30(Millions of Yen)FY2022

FY2023Change%Ratio(%)

Senior High School

2,846

2,495(350)(12.3)

5.0

Junior High School

6,788

6,179(608)

(9.0)

12.3

Elementary School

15,65014,742(908)

(5.8)

29.2

School & Teacher
Support

11,42911,739+309

+2.7

23.3

Prep Schools &Classrooms

9,384

9,344(40)

(0.4)

18.5

University &Working Adult

5,284

5,591+307

+5.8

11.1

Other247

309+61

+25.0

0.6

Total

51,63050,402(1,228)(2.4)

100.06

Kids & Family Breakdown of Net Sales

Three months ended June 30(Millions of Yen)FY2022

FY2023Change%Ratio(%)

Kodomo Challengein Japan (Preschool)

4,815

4,549(266)

(5.5)

30.1

Overseas Kodomo
Challenge (Preschool)

6,806

6,386(419)

(6.2)

42.2

Other*

4,755

4,184(570) (12.0)

27.7

Total

16,377

15,120(1,257)(7.7)* ‘’Other‘’ includes Kodomo Challenge peripheral businesses such as concert business and Lifestyle-related businesses such as Tamahiyo business, etc.

7100.0

Education
Business in Japan
Kids & Family

Cumulative Enrollment for Shinkenzemi and Kodomo Challenge【Cumulative Enrollment for Shinkenzemi】
Three months ended June 30(Thousands）

FY2022

FY2023

Change%Senior High School

301271(30)(10.2)

Junior High School993901(92)(9.3)

Elementary School

3,720

3,378(341)

(9.2)

Total

5,016

4,551(465)(9.3)

【Cumulative Enrollment for Kodomo Challenge (Preschool)】
FY2022

FY2023(Thousands）

Change%Kodomo Challenge in Japan (Preschool)

2,057

1,713(343)(16.7)

Overseas Kodomo Challenge (Preschool)

3,158

2,611(546)(17.3)

Total

5,216

4,325(890)(17.1)•Note1: Cumulative enrollment represents the cumulative total No. of people who receive materials monthly (from April to June).
•Note2: Overseas Kodomo Challenge represents total No. of cumulative enrollment in China and Taiwan.
Cumulative enrollment for China represents the cumulative total No. of people who receive materials monthly (from January to March), due tothe differences of those closing dates ended December 31st.
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Nursing Careand Childcare

Number of Nursing Homes and Elderly Houses
Mar. 2023

June 2022

June 2023

Aria272828

Clara383838

157

160160

Madoka575757

Bon Sejour

505252Cocochi

15

15

15

Li-Re

222

Total

346352

352

Granny & Granda9