February 13, 2024
(Translation)
Dear Sir/Madam,Company:
Representative:JP-HOLDINGS, INC.
Tohru Sakai,
President and Representative Director(Stock Code: 2749, Prime Market of TSE)
Kenji Zushi,
Operating Officer(Tel: +81 52 933 5419)

Contact:

Notice of Revisions to Full-year Business Forecasts and Dividend Forecast(Upward Revisions)
JP-HOLDINGS, INC. announces that the Company has revised its consolidated business forecasts and yearend dividend forecast for the fiscal year ending March 31, 2024, which were announced on May 11, 2023, asfollows.
2. Revisions to the consolidated full-year business forecasts for the fiscal year ending March 31, 2024
(April 1, 2023 to March 31, 2024)
Net sales

OperatingincomeOrdinary
incomeNet income
attributable toowners of parent

Net income
per share

Million yen

Million yen

Million yen

Million yen

Yen

Previous forecasts (A)36,390

3,820

3,842

2,497

29.32

Revised forecasts (B)37,581

4,363

4,314

2,723

31.96

Change (B-A)

1,191

543

472

226

-

3.3

14.2

12.3

9.1

-

35,507

3,667

3,745

2,698

31.18

Percentage change (%)(Reference)Previous results(FY3/23)

Reasons for the revision
Our company has upwardly revised its business forecasts based on the results for the first nine months of thefiscal year ending March 31, 2024. For details of our performance, please refer to "Summary of BusinessResults for the Third Quarter Ended December 31, 2023 [Japan GAAP] (Consolidated)" disclosed today.
For the full-year business forecasts for the fiscal year ending March 31, 2024, we anticipate a 3.3% increasein net sales compared to the initial forecast. This growth is expected to be driven by initiatives such as
contracting and opening new facilities, introducing bilingual and Montessori-method nursery schools,
expanding early childhood learning programs, and promoting initiatives aimed at creating "facilities thatwould continue to be selected by customers," resulting in an increase in the number of children.
Operating income and ordinary income are expected to increase by 14.2% and 12.3%, respectively, comparedto the initial forecasts thanks to the increase in net sales resulting from the opening and contracting new
facilities and the increase in the number of children, as well as to various measures taken by reviewing theordering system to cope with the steep rise in the price of raw materials.

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Net income attributable to owners of parent is expected to increase by 9.1% from the initial forecast due tothe establishment of the above-mentioned efficient management system and the maximization of subsidy.
These initiatives are not only targeted for the current fiscal year but also for the next fiscal year. They include
efforts to improve profitability and accommodate the increasing number of children accepted, all aimed atcreating "facilities that would continue to be selected by customers" in each region. We believe that these
initiatives will yield results and significantly influence our performance expansion in the next fiscal year andbeyond.
In addition, we are providing food businesses that address the problems faced by parents, introducing
services that provide the necessary equipment for nursery schools, and opening bilingual nursery schools andMontessori-method nursery schools, which specialize in English education, incorporating new educationalprograms. In addition, on November 27, 2023, we entered into a share transfer agreement to acquire all
shares of ONE’S WILL CO.LTD., which operates a staffing and temporary staffing business centered on
foreign human resources, and a support business for Specified Skilled Worker. With this, in conjunction withthe development of the temporary staffing and placement business for foreign workers to address thedomestic labor shortage, we will cooperate with our expertise in childcare support, and respond to thegovernment's countermeasures against the declining birth rate in different dimensions in the future, we will
also develop a new placement and temporary staffing business for specialist personnel such as nursery school
teachers, nutritionists, and caregivers, which will lead to sustainable growth through collaboration withexisting businesses.
We will continue to carefully monitor future performance trends.

2. Revision to dividend forecast
Annual dividend per share
End-Q2Previous forecasts (A)(as of May 11, 2023)
Revised forecast
Current results(Reference)Previous results(FY3/23)

Year-end

0.00 yen

Total

6.00 yen

6.00 yen

8.00 yen

8.00 yen

6.00 yen(Ordinary dividend:
5.00 yen)(Commemorativedividend: 1.00 yen)

6.00 yen(Ordinary dividend:
5.00 yen)(Commemorativedividend: 1.00 yen)

0.00 yen

0.00 yen

Reasons for the revision
We strive to continuously increase our corporate value while strengthening our corporate structure.
Our policy for returning profits to shareholders is to distribute dividends based on our performance in astable and continuous manner, taking into consideration consolidated performance, investment plans, andcash on hand for each fiscal year.
Based on this basic policy, the year-end dividend forecast for the fiscal year ending March 31, 2024 is 8
yen per share, an increase of 2 yen per share.
*The business forecasts are based on information available as of the date of announcement. Actual results
may differ from these forecasts due to various factors.

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