〔Delayed〕The original disclosure in Japanese was released on August 5, 2016 at 18:15 (GMT+9)

August 5, 2016
Tsukada Global Holdings, Inc.
President and CEO: Masayuki Tsukada
Securities code: 2418 (First Section, Tokyo Stock Exchange)
For information, contact:
Kenichi Maruyama
Director and Manager, Human Resources Department and Administration Department
Tel: +81 3 (5464) 0081
(URL: http://www.tsukada-global.holdings)

Revision of Consolidated Results Forecast for First Six Months and Full Year,and Recording of Non-operating Expenses (Foreign Exchange Loss, etc.)

Tsukada Global Holdings, Inc. announces that it has revised the consolidated results forecast
for the first six months as well as that for the full year of FY16 ending December 2016,announced on February 12, 2016.
It also announces the recording of non-operating expenses (foreign exchange loss, etc.) for thefirst six months of FY16 ending December 2016 (from January 1, 2016 to June 30, 2016), thedetails of which are described below.

1. Revision of the results forecast for the first six months of FY16 ending December 2016 (fromJanuary 1, 2016 to June 30, 2016)(millions of yen)Previous forecast(A)Revised forecast(B)
Change (B) – (A)% change(Ref) Results forprevious term
(First six monthsof FY15 ended
Dec. 2015)

Consolidated
net sales

Consolidated
operatingincomeConsolidated
ordinary
income (loss)

27,400

1,720

1,770

Profit (loss)
attributable toowners of theparent
1,000

25,910

350

(270)

(390)

(8.01) yen-1,490-5.4
24,719-1,370-79.7
1,567-2,0401,610-1,390997

20.42 yen

Profit pershare
20.48 yen

2. Revision of the results forecast for full year of FY16 ending December 2016 (from January 1,2016 to December 31, 2016)(millions of yen)Previous forecast(A)
Revised forecast(B)
Change (B) – (A)% change(Ref) Results forprevious term
(FY15 endedDec. 2015)

Consolidated
net sales

Consolidated
operatingincomeConsolidated
ordinary
income59,500

6,200

6,250

Profitattributableto owners ofthe parent
4,100

56,800

4,300

3,700

2,200

45.18 yen

-2,700-4.5
53,804-1,900-30.6
5,392-2,550-40.8
5,431-1,900
-46.3
3,880

79.48 yen

Profit pershare
83.97 yen

3. Reason of the Revision of Forecasts
The company expects consolidated net sales for the first six months of the fiscal year ending
December 31, 2016 to fall short of its initial forecast due to the decline in spend per wedding in
the wedding business. Operating income is also expected to come below the forecastreflecting the impact of sales decline in the wedding business and cost increase associatedwith the new business in Hawaii. Moreover, ordinary income and profit attributable to owners of
the parent are expected to be affected by foreign exchange loss resulting from the rapid
appreciation of the yen and loss on valuation of derivatives.
Further, the company decided to revise its consolidated earnings forecasts for the fiscal year
ending December 31, 2016 by taking into consideration the business performance for the firstsix months of the fiscal year as well as the forecasts for the third and fourth quarters. Net sales
for the period are expected to fall short of the company’s initial forecast due to a decline in thenumber of weddings held in the wedding business, although a newly opened hotel contributed
significantly to sales increase. Operating income is likely to fall short of the forecast owing to anincrease in cost for proactive new business development for the future growth as well as
decline in the number of weddings held and spend per wedding. In addition, ordinary income
and profit attributable to owners of the parent are expected to be affected by foreign exchange
loss resulting from the rapid appreciation of the yen.
4. Recording of Non-operating Expenses (Foreign Exchange Loss, etc.)
In the first six months of the fiscal year ending December 31, 2016, the company expects torecord 539 million yen in foreign exchange loss due to re-evaluation of U.S. dollardenominated loans to a subsidiary reflecting the rapid appreciation of the yen and 256 million
yen in loss on valuation of derivatives.

*The above earnings forecasts are prepared based on the information available as of the day of theannouncement, and the actual earnings results may differ from them due to various uncertainties of the future.