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.

November 9, 2022

Consolidated Financial Results
for the Six Months Ended September 30, 2022
(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 (Chief Financial Officer), Executive
General Manager of Finance & Accounting
Telephone:+81-42-357-3656
Scheduled date to file quarterly securities report:
November 14, 2022
Scheduled date to commence dividend payments:
December 5, 2022
Preparation of supplementary material on quarterly financial results: Yes
Holding of quarterly financial results briefing:
Yes(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the six months ended September 30, 2022 (from April 1, 2022 toSeptember 30, 2022)(1) Consolidated operating results (cumulative)
Net sales
six 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%

September 30, 2022

201,929(7.1)

10,628(18.1)

8,327(21.0)

5,448

(2.4)

September 30, 2021

217,405

4.0

12,972

58.2

10,539

108.5

5,580

145.3

Note: Comprehensive income

For the six months ended September 30, 2022:
For the six months ended September 30, 2021:

Basic earnings
per share
six months ended¥7,539 million¥6,080 million[24.0%][63.5%]

Diluted earnings
per share
Yen

Yen

September 30, 2022

56.50

－

September 30, 2021

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

Equity-to-asset ratio

Millions of yen

Millions of yen

September 30, 2022

515,178

161,018

29.9

March 31, 2022

540,598

156,163

27.6

Reference:

EquityAs of September 30, 2022:
As of March 31, 2022:¥154,200 million¥149,266 million%

2. Cash dividends
Annual dividends per shareFirst quarter-end

Second quarter-end

Third quarter-end

Yen

Yen

Yen

Fiscal year ended
March 31, 2022
Fiscal year ending
March 31, 2023

－25.00－30.00Fiscal year ending
March 31, 2023
(Forecast)Fiscal year-end

Total

YenYen－

25.00

50.00

－

30.00

60.00

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

3. Forecast of consolidated financial results for the year ending March 31, 2023
Net sales

For the yearending
March 31,2023

Operating income

Ordinary income

Net income
attributable toowners of parent

Net income
Per share

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

Yen417,000(3.5)

21,5006.6

16,500

7.1

11,500980.6

119.25

Note: Revisions to the forecast of consolidated financial results most recently announced: Yes* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change
in scope of consolidation): None
(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: Yes(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 September 30, 2022

102,604,773 shares

As of March 31, 2022

102,571,215 shares(ii) Number of treasury shares at the end of the period
As of September 30, 2022

6,163,429 sharesAs of March 31, 2022

6,160,099 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscalyear)
six months ended September 30, 2022

96,419,343 shares

six months ended September 30, 2021

96,391,427 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.