September 9, 2022
Company Name: HEROZ, Inc.
Name of Representatives:
Takahiro Hayashi,
Co-Chief Executive Officer:
Stock Code: 4382, TSE Prime Market
Contact: Hiroya Mori,
Chief Financial Officer(Telephone: +81-3-6435-2495)

Notice: This document is an excerpt translation of the original Japanese document and is only for reference
purposes. In the event of any discrepancy between this translated document and the original Japanese
document, the latter shall prevail.

Notice of Announcement of Consolidated Earnings Forecast in Connection with Transition toConsolidated Financial Statements
HEROZ, Inc. (the “Company”) hereby announces that we will be shifting to consolidated financial resultsfrom the 2nd quarter of the fiscal year ending April 30, 2023, we would like to announce our consolidated
earnings forecast for the full fiscal year ending April 30, 2023, as follows.

1.

Reason for transition to consolidated financial statements
Board of Directors, at a meeting held on Today, has passed a resolution to enter into acapital and business alliance agreement with VarioSecure Inc. (hereinafter referred to as"VarioSecure") and to subscribe for all of the third-party allotment of new shares to beconducted by equity-method affiliate VarioSecure.
As a result, the Company's ownership interest in VarioSecure will be 40% or more, andby dispatching officers to VarioSecure, VarioSecure will become a consolidated subsidiaryof the Company under the effective control standard.
As disclosed on August 30, 2022, the Company also resolved at a meeting of the Boardof Directors held on August 29, 2022, the Company resolved to acquire shares ofStrategIT, Inc. and made it a consolidated subsidiary, on August 31, 2022, made it aconsolidated subsidiary.
As a result, non-consolidated financial results will be available until first quarter of thefiscal year ending April 30, 2023, and we will shift to consolidated financial results from the1

2nd quarter of the fiscal year ending April 30, 2023. As a result, the non-consolidated
earnings forecast for the fiscal year ending April 30, 2023, which was disclosed on June 10,2022, has been withdrawn, and only the consolidated earnings forecast will be disclosed
from now on.
2. Forecast of Consolidated Financial Results for the Fiscal Year Ending April 30, 2023
Profit attributable
Net sales
OperatingOrdinarytoprofit
profitowners of parent
Full year ending
Million yen
Million yen
Million yen
Million yen
April 30, 2023

Profit pershare
yen

3,100

――――

1,482

34

87

49

3.29

(Reference)
Full year endedApril. 30, 2022
*Forecasts for Operating profit, Ordinary profit, Profit attributable to owners of parent, and Profit per share
have not yet been determined due to the transition to consolidated financial results, which are currently
under scrutiny. We will promptly disclose the earnings forecast as soon as it becomes available.
*Figures for the full year of the fiscal year ended April 30, 2022, are based on non-consolidated results.
The forecast of financial results is based on the judgment of the Company based on the information currently
available. The forecasts are subject to various uncertainties, and actual results may differ from these forecasts.
We will review the forecast of future business performance as necessary and announce it in accordance with thedisclosure rules.

2