Geechs Inc.TSE: 7060

Notice of Revisions to Earnings Forecasts

· Issued by Geechs Inc.

Disclaimer: This document is a translation of the original version in Japanese. In the case that there is any discrepancy between the original version and this document, the original Japanese version is assumed to be correct.

November 11, 2021

Company name

geechs inc.

Representative

President & CEO

Naruhito Sonehara

(Stock Code: 7060, TSE 1st Section)

Contact

Director CFO

Daisuke Sakuma

(TEL +8150-1741-6928)

Notice of Revisions to Earnings Forecasts

We are pleased to announce the following revisions to our earnings forecasts announced on May 14, 2021 in light of recent performance trends.

1. Revisions to the full-year consolidated earnings forecasts for the fiscal year ending March 31, 2022

(April 1, 2021 - March 31, 2022)

N e t s a l e s

O p e r a t i n g i n c o m e

Attributable

O r d i n a r y

to owners of

P e r s h a r e

i n c o m e

parent

Net income

Net income

Previously announced

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Yen

forecast (A)

5,000

1,000

1,000

600

57.29

Revised forecast (B)

5,400

1,200

1,200

740

70.53

Change (B-A)

400

200

200

140

Change (%)

8.0

20.0

20.0

23.3

(Reference) Results

for the fiscal year

3,427

738

713

457

43.83

ended March 31, 2021

2. Reasons for Revisions

The consolidated results forecast for the fiscal year ending March 31, 2022 is expected to exceed the initial forecast due to the combination of the strong sales in the IT Freelance Matching business and the profit contribution from the increase in the number of new titles under management, which

represent a Flow Sales in the game business.

Accordingly, each profit item in the initial forecast of consolidated results for the full fiscal year has been revised.

Note: The above forecasts are based on information available as of the date of this report's announcement. Actual results may differ from these forecasts due to various factors.

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