February 2, 2023
For Immediate Release
Company Name:TOKAI Holdings Corporation

Representative Name: Representative Director, President and CEO
Katsuo Oguri(Code No. 3167, TSE Prime Market)

Notice Regarding Posting of Extraordinary Losses and Revisions to the Full-Year Financial Results Forecast
TOKAI Holdings Corporation (hereinafter, “the Company”) has decided to post the expenses for fact-finding investigations related
to the inappropriate use of expenses by the former President and CEO (hereinafter, the “matter in question”) as extraordinary losses.
The Company has also revised its full-year financial results forecast, which was announced on May 10, 2022, as described below.
1. Posting of extraordinary loss
As announced in its notice regarding the establishment of special investigation committee, dated September 22, 2022, and the notice
regarding disclosure of investigation report by the special investigation committee, dated December 15, 2022, the Company has
established a special investigation committee, to which it commissioned fact-finding investigations related to the matter in question, andreceived an investigation report from the committee. This has generated expenses for investigations by the special investigationcommittee and extra compensation for the accounting auditor. Accordingly, the Company will post extraordinary losses of 312 million
yen as special investigation expenses in its financial results for the first nine months of the fiscal year ending March 31, 2023, which
will be announced today.

2. Revisions to the business results forecasts

Revisions to the full-year financial results forecast for the fiscal year ending March 31, 2023 (April 1, 2022 – March 31, 2023)
OperatingprofitNet sales

Ordinary
profitProfitattributable toowners ofparent

Profit pershare

Million yen

Million yen

Million yen

Million yenyen

Previous forecast (A)223,000

14,50014,300

8,300

63.43

Revised forecast (B)223,000

14,50012,600

6,300

48.12

00

-1,700-2,000

0.0

0.0

-11.9

-24.1

210,691

15,794

15,907

8,969

Amount of change (B - A)
Change (%)(Reference) Results
previous fiscal year
(FY 03/22)

for

68.49

(Outline of the revisions)
Looking at the most recent trends in business performance, there has been steady progress in initiatives for increasing the numberof continuing customers with the goal of expanding the earnings base, and the net sales and operating profit forecasts announced on
May 10, 2022 are expected to be achieved. On the other hand, the forecast amount of ordinary profit was revised because impairment
losses of goodwill of an equity-method affiliate in Vietnam, which were 1,746 million yen, were posted as non-operating expenses
in the second quarter of the fiscal year ending March 31, 2023. Further, the forecast for profit attributable to owners of parent wasrevised by reflecting the aforementioned special investigation expenses of 312 million yen in extraordinary losses.
Note: The above forecasts are based on information that was available on the announcement date of this release. Actual results may
differ from the forecasts due to various risks and uncertainties.

Contact: Toshinori Nakamura
Representative Director and Managing Executive Officer
TEL: +81-(0)54-275-0007