Needs Well Inc. revised consolidated earnings guidance for the fiscal year ending September 30, 2023. For the fiscal year, the company expects to report net sales of JPY 9,059 million, operating profit of JPY 1,100 million, ordinary profit of JPY 1,121 million, profit attributable to the owners of parent of JPY 748 million, and profit per share of JPY 37.94, compared with previous guidance of net sales of JPY 9,059 million, operating profit of JPY 1,004 million, ordinary profit of JPY 1,019 million, profit attributable to the owners of parent of JPY 679 million, and profit per share of JPY 34.46. The reasons for revision in figures of the consolidated financial results forecast: Profit is expected to exceed the company's previous forecast announced in the "Notice Regarding Upward Revision to Consolidated Financial Results Forecast" dated March 15, 2023, due to development of new employees into industry- ready personnel at an early stage progressing faster than expected, improved profitability following the expansion of the IT Outsourcing Business, and other factors.

Therefore, the Company has revised upward the previous consolidated financial results forecast as detailed above.