明豊エンタープライズ（8927） – [Delayed]Notice of Differences between Forecast and Actual Consolidated Business Results for the Second Quarter of the Fiscal Year Ending July 2022

To all persons concerned March 17, 2022 of Name listed company: of Name representative Meiho Enterprise Co., Ltd. C h a i r m a n & R e p r e s e n t a t i v e D ir e c t o r (JASDAQ Code: 8927) Director and Executive M i t s u r u Y a b u k i S h u n j i Y a s u d a Dept. (Tel: 03(5434)7653) Contact: O f f i c e r, M a n a g e m e n t – Notice of Differences between Forecast and Actual Consolidated Business Results for the Second Quarter of the Fiscal Year Ending July 2022 The Company hereby announces differences between its consolidated earnings forecast for the second quarter of the fiscal year ending July 2022 (August 1, 2021 to January 31, 2022) announced on September 14, 2021 and the actual results released today, as follows. 1 Differences between Forecasted and Actual Consolidated Business Results for the Second Quarter of the Fiscal Year Ending July 2022 (August 1, 2021 to January 31, 2022) (Unit: Million yen) Profit attributable to owners of parent Profit attributable to owners of parent Net sales Ordinary profit Profit per share Operating profit Million yen Million yen Million yen Million yen 2,900 2,897 3 0.1 3,131 (20) 73 93 465.0 172 (110) 6 116 105.5 177 (180) (39) 141 78.3 150 yen/sen (7.62) (1.69) 6.37 Forecast (A) Actual results (B) Difference (B-A) Difference (%) (Reference) Results for the second quarter of the previous fiscal year (Cumulative total for the second quarter of the fiscal year ended July 2021) 2. Reason for Difference In the real estate sales business, the Group’s mainstay business, net sales for the second quarter of the fiscal year ending July 2022 are expected to be slightly lower than the previous forecast from the initial plan. However, because all of the sold projects were able to secure higher profits and profit margins than expected, the profits at each stage are expected to exceed the initial forecasts with 73 million yen in operating income, 6 million yen in ordinary profit, and minus 39 million yen in net profit attributable to owners of the parent. Regarding the full-year results, despite the difference between the actual results for the second quarter of the fiscal year ending July 2022 and the forecast, the forecast figures for net sales, operating income, ordinary profit, and net profit have not been revised and remain unchanged as a result of comprehensive consideration of the future business environment, including the fact that sales activities for all upcoming sales projects have been favorable, with stable profits and profit margins. * The above business forecasts are calculated based on information available at the time of publication of this document. However, actual results may differ from the forecasts due to various factors in the future. End