February 13, 2024
To AllCompany name:

Oisix ra daichi Inc.

Representative:

President and Representative Director, Kohey Takashima(Code: 3182 TSE Prime)

Inquiries:

General Manager of Administration Division, Shigeru Kumano

Telephone Number:+81 3 6867-1149 (Representative)

Notice of Revision of Earnings Forecasts

Oisix ra daichi Inc. ("the Company") hereby announces that it has revised its consolidated earnings forecasts forthe fiscal year ending March 31,2024 (April 1, 2023 to March 31, 2024) announced on May 11, 2023 based on theconsolidation of SHIDA Holdings Corporation and SHiDAX CORPORATION and its recent results. The details areprovided below.

Notation

1. Revision of Earnings Forecasts
Earnings Forecasts for the fiscal year ending March 31, 2024 (April 1, 2023 to March 31, 2024)
ProfitSales

Operating
ProfitEBITDA

attributable toOwners ofEPS (※)

ParentMillion yen

Million yen

Million yen

Million yenyen

Previous Forecasts (Ａ)126,500

6,000

8,000

3,800

103.94

Revised Forecasts (Ｂ)147,000

4,200

7,200

3,500

95.74

Change (Ｂ－Ａ)

20,500-1,800-800-300

16.2％-30.0％-10.0％-7.9％

115,176

3,346

5,5951,807

Percentage ofChange(％)(Reference) Earnings
Results of the Previous
Fiscal Year ended March31, 2023(※) EPS is calculated based on the average number of shares outstanding as of December 31, 2023.

149.45

2. Reason for the Revision
SHIDA Holdings Corporation and SHiDAX CORPORATION became our consolidated subsidiaries since January2024 and 4Q results of both companies for the fiscal year ending March 2024 (January 1 to March 31, 2024) andthe profits and losses related to a series of procedures to make them consolidated subsidiaries will be included inour consolidated financial results, and we have reflected these forecasted figures.
In the initial forecasts for the fiscal year ending March 2024 announced on May 11, 2023, the Company expected
to grow the net sales driven by increases of the number of subscribers for the domestic home delivery businesses
centered on Oisix. However, the number of subscribers is expected to be lower than expected due to the factors
including decline of retention rates of subscribers and impact of shipping fee revisions in 3Q despite a progress of
new subscribers’ acquisitions. The Company also reflected the impact of curbing sales of frozen products tofacilitate the smooth relocation of our logistics operations, which had not been factored in at the beginning of theperiod, in conjunction with the new ORD Atsugi freezing station (Distribution Center) coming on line in 4Q.
Although profits are expected to fall short of the initial forecast due to the factors including the inclusion of onetime costs associated with making SHiDAX a consolidated subsidiary, profitability is improving due to steadyprogress in efforts to strengthen profitability in each business segment.
The Company also disclosed the revised forecast for the full year in the 3Q financial results for the fiscal year
ending March 31, 2024.
The forecasts are based on information currently available to the Company and certain assumptions that are
judged to be reasonable and are not intended to be a promise by the Company that they will be achieved. Actual
results may differ significantly due to various factors.
(End)2