Appier Group, Inc.TSE: 4180

Announcement on Revision of the Consolidated Full-year Guidance

· Issued by Appier Group, Inc.

Note: This document is an English translation of the original Japanese language document and has been prepared solely for reference purposes. No warranties or assurances are given regarding the accuracy or completeness of this English translation. In the event of any discrepancy between this English translation and the original Japanese language document, the original Japanese language document shall prevail in all respects.

August 12, 2022

Company name:

Appier Group, Inc.

Representative:

Chih-Han Yu, Representative Director and CEO

(TSE Growth Code: 4180)

Contact:

Koji Tachibana, Senior Vice President of Finance

(TEL. + 81 - 3 - 6435 - 6617)

Announcement on Revision of the Consolidated Full-year Guidance

Considering recent business trends, Appier Group, Inc. (the "Company") hereby announces that at the meeting of the Board of Directors dated as of August 12, 2022, the Company resolved to revise its consolidated guidance for the year ending December 31, 2022 (from January 1, 2022 to December 31, 2022), which was disclosed on May 9, 2022, as follows:

I

Revision of the Consolidated Full-year Guidance (from January 1, 2022 to December 31, 2022)

Net income

Income

(loss)

Operating

(loss)

Net income

attributable

Basic

Revenue

EBITDA

income

before

to owners

earnings

(loss)

(loss)

income

of the

per share

taxes

parent

company

Previous Guidance

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Yen

(A)

17,791

804

(288)

(326)

(417)

(417)

(4.12)

Revised Guidance

18,455

1,068

(84)

(196)

(287)

(287)

(2.83)

(B)

Difference (B - A)

664

264

204

130

130

130

1.29

% Change

3.7

32.8

-

-

-

-

-

(For reference)

12,661

42

(1,117)

(1,170)

(1,179)

(1,179)

(11.97)

FY2021 result

*1 On January 29, 2021, the Company allotted common shares by 90,761,489 shares to the sole shareholder of the Company. Accordingly, basic earnings per share and diluted earnings per share are calculated as if the allotment of shares was executed at the beginning of the year ended December 31, 2021.

*2 EBITDA = Operating income + Depreciation and amortization + Tax expenses included in operating expenses + IPO-related expenses.

1

Note: This document is an English translation of the original Japanese language document and has been prepared solely for reference purposes. No warranties or assurances are given regarding the accuracy or completeness of this English translation. In the event of any discrepancy between this English translation and the original Japanese language document, the original Japanese language document shall prevail in all respects.

II Reasons for the Revision

For the six months ended June 30, 2022, we have done better than expected in new customer acquisition and expansion on existing customers. Thus we outperformed our guidance in revenue and profit or losses announced on May 9, 2022. Accordingly, we have made an upward revision on our consolidated full-year guidance.

End

2