Es-con Japan Ltd.TSE: 8892

Notice on Revision of Consolidated Earnings Forecast for the First Two Quarters of Fiscal Year Ending December 2022

· Issued by Es-con Japan Ltd.

June 30, 2022

Company name:

ES-CON JAPAN Ltd.

Representative:

Takatoshi Ito, President &

Representative Director

(TSE Prime Market, code: 8892)

Inquiries:

Minoru Nakanishi, Senior

Managing Director

Tel:

+81-3-6230-9308

Notice on Revision of Consolidated Earnings Forecast for the First Two Quarters of

Fiscal Year Ending December 2022

ES-CON JAPAN Ltd. (ES-CON JAPAN) announces that a decision was made at the board of directors' meeting held today to, given recent operating performance, revise the consolidated earnings forecast for the first two quarters of the fiscal year ending December 2022, which was announced on January 27, 2022, as follows.

1. Revision of Consolidated Earnings Forecast for the First Two Quarters of the Fiscal Year Ending December 2022

Profit

Net sales

Operating

Ordinary

attributable to

Basic earnings

income

income

owners of

per share

parent

Previously announced

(million yen)

(million yen)

(million yen)

(million yen)

(yen)

forecast (A)

36,300

4,700

3,800

2,600

27.23

Revised forecast (B)

40,600

5,400

4,700

2,800

29.32

Change (B - A)

4,300

700

900

200

2.09

Percent change (%)

11.8

14.9

23.7

7.7

7.7

Reference:

Previous first two

24,980

2,561

1,934

1,388

17.07

quarters of fiscal year

ended December 2021

2. Reason for Revision of Consolidated Earnings Forecast

Both sales and profit are expected to surpass the initial plan at the beginning of the period as a result of the number of units delivered increasing from the initial plan at the beginning of the period due to steady progress in sale of condominiums in the real estate sales business.

There is no change to the current full-year consolidated earnings forecast and dividend forecast (dividend per share: 38 yen) for the fiscal year ending December 2022.

  • The earnings outlook and other forward-looking statements contained in this document are based on information currently available to ES-CON JAPAN. Accordingly, actual business performance and other results may differ materially due various factors.

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