【Revision of Full-Year Consolidated Earnings Forecast of Consolidated Subsidiary】

Dream Incubator Inc. (hereinafter, “DI”) hereby announces that its consolidated subsidiary ipet Holdings, Inc. released a “Notice of Revisions to Full-Year Consolidated Earnings Forecast” on March 24, 2022.

The subsidiary discloses its consolidated earnings forecast under non-GAAP (using the unearned premium method), and the upward revisions to its forecast affect adjusted recurring profit and adjusted net income attributable to parent company shareholders, indicators DI deems useful in understanding the subsidiary’s profit and loss status and hence discloses for reference purposes.

Please see the attached document for details.

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