Announcement Regarding Revisions to Forecast of Financial Results of Consolidated Subsidiary

Press Release

Name of company: Kintetsu Group Holdings Co.,Ltd.

Representative: Takashi Wakai, Representative Director

and President

Code No.: 9041

Listing exchange: Tokyo Stock Exchange (Prime Market) Contact: Tomoaki Akai, General Manager of

Group Management Div.

- Corporate Strategy and Planning Headquarters

Telephone: +81-6-6775-3555

Kintetsu Group Holdings Co.,Ltd. (the "Company") hereby announces that the Company's consolidated subsidiary Kintetsu Department Store Co., Ltd. has revised its forecast of financial results for the fiscal year ended February 28, 2026, which were announced on January 13, 2026. The details are as presented in the attached material.

There are no revisions to the forecast of consolidated financial results of the Company in conjunction with this matter.

End

Press Release

Name of company: Kintetsu Department Store Co., Ltd. Representative: Takahiro Kajima, Representative

Director, President and Officer

Code No.: 8244

Listing exchange: Tokyo Stock Exchange (Standard

Market)

Contact: Tetsu Yagi, Representative Director and Senior Managing Executive Officer

Telephone: +81-6-6655-7030

Kintetsu Department Store Co., Ltd. hereby announces that it has resolved to record an extraordinary loss in the fiscal year ended February 28, 2026, as described below. In addition, Kintetsu Department Store Co., Ltd. has revised its forecast of financial results for the fiscal year ended February 28, 2026, which were announced on January 13, 2026. The details are as follows.

1. Recording of an extraordinary loss

   Pursuant to the "Accounting Standard for Impairment of Fixed Assets," we reviewed the recoverability of our fixed assets and, as a result, have resolved to record impairment losses on the store assets of Kintetsu Department Store Yokkaichi and Kintetsu Department Store Nara as extraordinary losses, amounting to ¥4,314 million on a consolidated basis and

   ¥4,356 million on a non-consolidated basis.

2. Revisions to the forecast of consolidated financial results

   (1) Revisions to full-year forecast of consolidated financial results for the fiscal year ended February 28, 2026

   		Net Sales	Operating profit	Ordinary profit	Profit attributable to owners of parent	Earnings per share
   Previously announced forecasts	(A)	Millions of yen 121,000	Millions of yen 5,400	Millions of yen 5,200	Millions of yen 3,500	Yen 88.56
   Revised forecasts	(B)	125,400	6,700	6,600	3,700	93.33
   Change	(B - A)	4,400	1,300	1,400	200	-
   Change in percentage	(%)	3.6	24.1	26.9	5.7	-
   [Reference] Actual results for the previous fiscal year (Fiscal year ended February 28, 2025)		115,107	5,353	5,148	3,484	87.85

3. Revisions to the forecast of Non-consolidated financial results

   (1) Revisions to full-year forecast of Non-consolidated financial results for the fiscal year ended February 28, 2026

   		Net Sales	Operating profit	Ordinary profit	Net Profit	Earnings per share
   Previously announced forecasts	(A)	Millions of yen 101,000	Millions of yen 4,400	Millions of yen 4,200	Millions of yen 3,100	Yen 78.44
   Revised forecasts	(B)	104,700	6,000	5,750	3,100	78.19
   Change	(B - A)	3,700	1,600	1,550	-	-
   Change in percentage	(%)	3.7	36.4	36.9	-	-
   [Reference] Actual results for the previous fiscal year (Fiscal year ended February 28, 2025)		94,630	4,206	3,995	3,103	78.24

4. Reasons for revisions

The favorable performance of "Expo 2025 Osaka, Kansai, Japan Official Store" and duty-free sales exceeding the previous forecast have led net sales, operating profit, and ordinary profit to be expected to exceed the previous forecast. Meanwhile, although extraordinary losses are expected to increase due to impairment losses exceeding initial expectations, both consolidated and non-consolidated net profit are expected to broadly exceed the previous forecast.

Note: The above forecasts are based on information currently available to the Company and on certain assumptions deemed to be reasonable. The Company makes no promise regarding achievement of actual performance in line with the forecasts. In addition,

actual financial results may differ from these forecasts due to various factors in the future.

End