Results for FY2023
Supplementary Materials

May 15, 2024
Benesse Holdings, Inc.
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.

Forward-Looking Statements

This presentation contains forward-looking statements concerning the futureplans, strategies, beliefs and performance of Benesse Holdings, Inc. and its
subsidiaries. These forward-looking statements are not historical facts. They
are expectations, estimates, forecasts and projections based on informationcurrently available to the Company and are subject to a number of risks,
uncertainties and assumptions. As such, actual results may differ materiallyfrom those projected.

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Results by Segment (YoY)(Millions of Yen)

Education Business in Japan
Nursing Care and Childcare
University & Working Adult
OthersTotal Net Sales
Education Business in Japan
Nursing Care and Childcare
University & Working Adult
Others/Reconciliations
Total Operating Income
Ordinary Income
Net Income

FY2022

FY2023

Change%214,719
132,687
20,017

207,651
139,348
21,789(7,068)
6,661
1,772

(3.3)
+5.0
+8.9

44,451411,876
18,03542,025
410,815
15,889(2,425)(1,060)(2,145)

(5.5)
(0.3)
(11.9)

6,651
1,014(5,080)

9,466
1,005
(6,128)2,815(9)(1,047)

+42.3
(0.9)
－

20,62015,896
11,353

20,232
15,412
6,442

(387)
(484)
(4,910)

(1.9)
(3.0)
(43.3)

Note1: : The Company has revised its classification of reportable segments from the first half of FY2023 ended September 30, 2023.
The numerical comparison between the results for FY2023 ended, information for FY2022 ended has been revised based on the newstandard after these changes.
Note2 : “Others” include business segments that are not included in reportable segments, such as overseas Kodomo Challenge, mail-order,
publishing, information systems/ processing services, etc.

2Results : Analysis of Net Sales/Operating Income (YoY)(Billions of Yen)

Education
Businessin JapanNet Sales

Shinkenzemi

Decrease in cumulative enrollment / positive impact of the price revision, etc.

(5.5)

Kodomo Challenge inJapan(Preschool)

Decrease in cumulative enrollment / positive impact of the price revision, etc.

(1.4)

School & Teacher
Support

Positive impact of the price revision for the high school business, increase in orders for theelementary & junior high school businesses, etc.

+0.5Prep Schools &Classrooms/Kodomo
Challenge peripheralbusinesses,etc.

Decrease in cumulative enrollment for Kodomo Challenge English, suspension of new sales forWorldwide Kids, etc.

(0.7)

Consolidates Kyoto Rakusai Yobiko, increase in number of students in Tetsuryokukai, etc.

Operating Income

Nursing Care and Childcare

Increase in the total number of residents due to improved occupancy rates in the nursing homes,
positive impact of price revisions, increase in number of newly opened nursing homes,etc.

+6.6

University & Working Adult

Increase in orders in Udemy business, consolidates Waris Co Ltd., etc.

+1.7

Others

Kodomo Challenge in China/Taiwan: decrease in cumulative enrollment, increase in Naoshimabusiness sales, etc.

(2.4)

Shinkenzemi/Kodomo Challenge: lower sales, decrease in marketing costs,etc.

(1.2)

Increase in cost in ICT services for elementary and junior high school business, lower sales for
Kodomo Challenge peripheral businesses, etc(0.9)

Nursing Care and Childcare

Higher sales in the nursing care services, etc+2.8

University & Working Adult

Higher sales, Revision of product and service mix, increase in personnel expenses, etc.

(0.0)

Others/Reconciliations

Lower sales, etc.

(1.0)

Education Business in Japan

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Education
Businessin Japan

Breakdown of Net Sales(Millions of Yen)FY2022

FY2023

Change%Ratio(%)

Senior High School

9,496

8,354

(1,141)(12.0)

4.0

Junior High School

24,55722,897(1,659)

(6.8)

11.0

Elementary School

60,10357,410(2,692)

(4.5)

27.6

Kodomo Challengein Japan(Preschool)

19,65818,190(1,468)

(7.5)

8.8

School & Teacher
Support

48,407

48,993

585

+1.2

23.6

Prep Schools &Classrooms

43,96444,600

636

+1.4

21.5

Other

8,532

7,204

(1,328)(15.6)

3.5

Total

214,719

207,651(7,068)

(3.3)

100.0

Note: ”Others” include Kodomo Challenge English, Japan Kodomo Challenge Peripheral, Challenge School (online learning), Shinkenzemi Classroom service, etc.

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