November 14, 2023

For immediate release

Company name:

Ahresty Corporation

Representative:

Shinichi Takahashi, President & COO

(Code Number:

5852 Tokyo Stock Exchange Prime)

Contact for inquiries:

Atsushi Shimizu, Executive Officer and

General Manager, Management

Planning Department

(Phone:

+81-3-6369-8664)

Notice on Difference between Results Forecasts and the Actual Results for the First Six-Month Period of the

Consolidated Fiscal Year ending March 2024

Ahresty Corporation ("the Company") hereby announces that there arose a difference in figures between the business forecasts for the first six-month period of the consolidated fiscal year ending March 2024 announced on October 25, 2023 and the actual results released today as follows.

1. Difference between results forecasts and the actual settlement results for the first half (from April 1, 2023 to September 30, 2023)

Net sales

Operating

Recurring

Net income attributable

Net income

income

income

to owners of parent

per share

million yen

million yen

million yen

million yen

yen

Previous forecasts (A)

77,700

600

900

1,000

38.68

Actual results (B)

77,750

601

938

900

34.82

Difference (B-A)

50

1

38

(99)

Difference (%)

0.1

0.2

4.3

(10.0)

(Ref.) Results for first half of

previous year

66,536

(1,198)

(820)

(830)

(32.08)

(First half of year ended

March 2023)

2. Reasons for the difference

Consolidated net sales, operating income and recurring income were at about the same level as previously forecast.

However, with regard to the extraordinary loss (loss related to Chinese business) announced in the "Notice on Recording of Non- operating Income and an Extraordinary Loss, and Revisions to Consolidated Business Forecasts (first half and full year) and Dividend Projection for Fiscal Year Ending March 2024" on October 25, 2023, we wrote down the book value of business assets that were unlikely to be used in the future to the recoverable amount and recorded an extraordinary loss of 422 million yen. As a result, net income attributable to owners of parent was lower than previously forecast.

As for the consolidated full-year forecasts for the fiscal year ending March 2024, no changes have been made from the previously announced business forecasts. For details of the results of the first half, please refer to the Consolidated Financial Results for the First Half of the Fiscal Year Ending March 31, 2024 released today.

(Note) The forecasts presented herein are based on information currently available and certain assumptions deemed reasonable by the Company, and actual results may differ significantly from these forecasts due to various factors.

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AHRESTY Corporation published this content on 24 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2023 12:40:09 UTC.