Open Up Group Inc.TSE: 2154

Notice of Voluntary Adoption of IFRS (Progress of Disclosures)

· Issued by Open Up Group Inc.

Company name

Name of Representative

Contact

November 5, 2021

BeNext-Yumeshin Group Co.

Yutaka Nishida,

Chairman and Representative Director, CEO

(Code: 2154 1st Section of TSE) Hiroshi Sato

Board Director

Telephone Number

03-6672-4181

Notice of Voluntary Adoption of IFRS (Progress of Disclosures)

On August 20, 2021, we announced that we had decided to voluntarily apply IFRS instead of Generally Accepted Accounting Standard (JGAAP) at the time of submission of the Annual Securities Report for the fiscal year ending June 2022. However, as supplementary data to our first quarter of the fiscal year ending June 2022 (JGAAP), IFRS (rough estimate) are shown below.

1. IFRS for the first quarter of the fiscal year ending June 1, 2022 (rough estimate)

(Million yen)

Actual(A)

Forecasting for the year(B)

Progress rate(A/B)

Net Sales

36,297

148,000

24.5%

Operating income

2,748

9,000

30.5%

Net Income

2,045

6,000

34.1%

(Reference)

Disclosure period

Disclosure documents

Accounting standards

(planned)

2022

August

Summary of Consolidated Financial Results for the fiscal year ending June 31, 2022

Japanese standard

Consolidated Calculation Documents for the Company Law for the year ended June 31, 2022

Japanese standard

2022

September

Annual Securities Report for the Fiscal Year Ending June 2022

IFRS

2022

November

1st Quarter Summary of Consolidated Financial Results for the fiscal year ending June 2023

IFRS

1st Quarter Quarterly Report for the fiscal year ending June 31, 2023

IFRS

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