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.

February 9, 2024

Consolidated Financial Results
for the Nine Months Ended December 31, 2023
(Under Japanese GAAP)
Company name:
Listing:
Securities code:
URL:
Representative:
Inquiries:

Benesse Holdings,Inc.
Prime Market
9783
https://www.benesse-hd.co.jp/en/
Hitoshi Kobayashi, Representative Director and President, CEO
Shinsuke Tsuboi, Managing Executive Officer, CFO, Executive General Manager of Financeand Accounting
Telephone:+81-42-357-3656
Scheduled date to file quarterly securities report:
February 14, 2024
Scheduled date to commence dividend payments:―
Preparation of supplementary material on quarterly financial results: Yes
Holding of quarterly financial results briefing:
None(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the nine months ended December 31, 2023 (from April 1, 2023 toDecember 31, 2023)(1) Consolidated operating results (cumulative)
Net salesnine months ended(Percentages indicate year-on-year changes.)

Operating income

Net income attributableto owners of parent

Ordinary income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

December 31, 2023

307,246(0.5)

20,452(2.5)

16,402(6.3)

10,086(15.9)

December 31, 2022

308,919(6.0)

20,983(9.7)

17,504(10.6)

11,99829.0

Note: Comprehensive income

For the nine months ended December 31, 2023:
For the nine months ended December 31, 2022:

Basic earnings
per sharenine months ended¥13,516 million¥13,290 million[1.7%][15.8%]

Diluted earnings
per share
Yen

Yen

December 31, 2023

104.56－

December 31, 2022

124.43－(2) Consolidated financial position
Total assets
As ofNet assets

Equity-to-asset ratio

Millions of yen

Millions of yen

December 31, 2023

521,279

168,730

31.0

March 31, 2023

541,560

161,254

28.5

Reference:

EquityAs of December 31, 2023:
As of March 31, 2023:¥161,835 million¥154,305 million%2. Cash dividends
Annual dividends per shareFirst quarter-end

Second quarter-end

Third quarter-end

Yen

YenYenFiscal year ended
March 31, 2023
Fiscal year ending
March 31, 2024

－30.00－30.00Fiscal year ending
March 31, 2024
(Forecast)Fiscal year-endTotal

YenYen－

30.00

60.00

－

0.00

30.00

Note: Revisions to the forecast of cash dividends most recently announced: None

3. Forecast of consolidated financial results for the year ending March 31, 2024
Net sales

For the yearending
March 31,2024

Operating income

Ordinary income

Net income
attributable toowners of parent

Net income
Per share

Millions ofyen%Millions ofyen%Millions ofyen%Millions ofyen%

Yen

412,000

0.0

20,000(3.0)

14,400(9.4)

7,500(33.9)

77.74

Note: Revisions to the forecast of consolidated financial results most recently announced: None* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change
in scope of consolidation): Yes
New: - Company name: Exclusion: 1 Company name: Benesse InfoShell Co., Ltd.
(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements:None(3) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: None(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(4) Number of issued shares (common shares)(i)

Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2023

102,648,129 shares

As of March 31, 2023

102,604,773 shares(ii) Number of treasury shares at the end of the period
As of December 31, 2023

6,164,996 shares

As of March 31, 2023

6,163,618 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscalyear)
nine months ended December 31, 2023

96,464,762 sharesnine months ended December 31, 2022

96,426,669 shares* Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants
or an audit corporation.
* Proper use of earnings forecasts, and other special matters
This report’s performance forecasts are based on information available at present, and certain premises are thought
to be reasonable. Accordingly, the results may change substantially due to various factors.