Tsuruha Holdings Inc.

First of all, I would like to express my deepest apologies for the delay in the announcement of the half-year settlement in February 2025, which has caused a great deal of trouble and concern for shareholders and investors, as well as investors and investors. In the end of last December, the company pointed out that there was a possibility of misuse at the end of May of 2024. As a result of this information collection and verification, it was decided that it should be adjusted to the next year, and in the end of May 2024, Thank you. Thank you.

Let's move on to the explanation. Thank you. Please open page 3.

First of all, I would like to explain the impact of the year-end settlement adjustment. On March 28, we published a report on how much the impact was on the fiscal year of 2024. Please take a look at the summary of the impact on the right side. In terms of the impact of the correction of the annual budget, the operating profit decreased by 2.5 billion yen compared to before the correction. The operating profit has decreased by 183,700,000 yen compared to before the correction. The main cause of the decrease in operating profit and operating profit is due to the reduction in the loss caused by the deterioration of the stores that are in a slump. The net profit before the tax return has decreased by 3.3 billion yen compared to before the correction. The current interest rate has decreased by 23.6 billion yen compared to the previous year. The main cause of the decrease in the current interest rate and the current interest rate before the tax return is the loss of the stock market. The asset has increased by 3.3 billion yen compared to the previous year. The stock price has increased by 27.78 billion yen, and the net profit has decreased by 24.4 billion yen. The main reason for the increase in the net profit is the increase in the net profit due to the net loss of property, which is 23.9 billion yen, and the decrease in the net profit due to the loss of property due to the loss of property, which is 13.9 billion yen. Please see the following page. I will explain the current issues and how to respond to them. As for the accounting review, it is considered that the maintenance of the contract management director in each store was insufficient, and the initial management department regarding contract management was unclear, and the collaboration with the accounting department was insufficient. If you do not know the individual contract conditions of each store, you will not be able to determine the period and interest rates of the future empty rents. In addition, it is necessary to have a professional point of view in terms of accounting, so it is necessary to clarify the role to be considered in terms of store management and accounting, and I think that if each department does not fulfill its responsibility according to their own expertise, it will not be possible to reflect individual contracts in the accounting in the end. In order to solve this problem, we will continue to improve the level of management through the maintenance of the contract management director, DX. We will also establish a new store development management department as a dedicated department for contract management of stores, and strengthen cooperation with the management department. This will ensure that each store has a separate contract, which will be considered by the accounting department, and will allow the company to issue a loan to the accounting office. This concludes the explanation of the Restrictions on Restructuring Restrictions. This is the summary of the corrections up to the previous period. If you open the next page, please see page 6. This is an explanation of the results of the second half of the second half of the second half of the second half of the second half of the second half of the second half of the second half of the second half of the second half of the second half of the second half of the second half of On the other hand, while maintaining the increase, we were able to control the return on the budget, but due to the increase in the number of people and the increase in the number of households, the increase in sales was one-way, and the decline in sales was a result of the decline in business profits. Please see the next page. In terms of sales, the current sales volume is 1.5% of the previous year's annual revenue. In addition, the sales profit has been reduced by minus 0.1% due to the deterioration of the daily consumption, mask, and health food, as well as the deterioration of the daily consumption. The sales profit has been reduced by minus 0.1% due to the deterioration of the daily consumption, as well as the deterioration of the daily consumption, as well as the deterioration of the daily consumption, as well as the deterioration of the daily consumption, as well as the deterioration of the daily consumption, As a result, the operating profit rate is 5%. As for the intermediate and net profit, the special loss is 10.5 billion yen for the original loss and 3.1 billion yen for the closing loss of the store, which is 52.3% of the previous year. On the next page, I will explain the details of the special loss. I would like to explain about the loss of special losses and the loss of store closures and the loss of interest rates. The loss of the loss of the loss of the loss of the loss of the loss of the loss of As a result of the increase in the number of stores, so-called over-stores, and the rapid change in the external environment such as high-end cost, we have been able to form about 1.5 billion yen in loss loss this year. We will continue to improve the sales performance of existing stores by improving the sales performance by improving the analysis of information collection and analysis at the time of the store opening. We will continue to improve the sales performance of existing stores by improving the sales performance at the time of the store opening. Next, I would like to explain the contents of the store closing loss loss payment. The store that has decided to close the store will be repaid or repaid. In the case of a contract, there may be a payment of the empty rent up to the actual contract, and in that case, there is a loss. Also, there is a loss in the amount of the contract. On the other hand, in the case of a transfer, if the rent obtained from the transfer is below the payment rent, there is a loss. Ten-tai Sonshitsu Hikiwate-kin is designed as a form of Hikiwate-kin. Next, I would like to explain the reason why it was designed from the second half of this year. In the past, it was possible that the ten-tai and kaiyaku plans that were expected at the time of the closing of the store were different from the actual ten-matsu. For example, the store was supposed to be closed, but it was closed, or the store was supposed to be closed, but it was closed, or the store itself was closed. However, due to the strengthening of the store management system that was promoted from this period to this period, it was assumed that at the time of the closing of the store, the accuracy of the future use strategy would also improve, so the decision was made to calculate the loss of store closures at the time of the closing of the store. In addition, this policy was adopted after the end of the second half of the second half of February of 2025, but with the extension of the settlement of the second half of the second half, it was decided that it should be considered as an additional thing as a financial matter that should be considered, and it was decided to include the deposit money in the settlement of the second half. Please see the next page. On the other hand, due to the weak growth of sales, the return rate increased by 0.5 points the previous year and the operating profit rate increased by 4.4%. As I explained earlier, the median profit of the second half-year is 8 billion yen. Please see the following page. This is the net profit of the previous year of sales of the existing 13-month point. The second half-year was a result of a plus 1.5% and a decline in the previous year. The number of customers is minus 0.9%, and the price of the customer is plus 2.4%. The price of the goods is plus 3.5% depending on the price of the goods. The number of sales is also minus 1.1%. Please see the next page. Here are the results of the product selection. First of all, it is a long-term issue, but the number of prescriptions has increased due to the continued opening and closing of pharmacies, and the sales have continued to grow. As for the rough rate, it was 37.3% due to the reduction in the cost of long-term treatment and the reduction in the cost of pharmacology. As for the OTC, it was reduced due to the reduction in COVID-related cases and the reduction in the number of prescriptions. Thank you for watching. Please see the following page. Next, let's take a look at the sales of each product. This is a comparison of the second half of May 2019 before the COVID-19 pandemic. The category average is shown in the red line. It is 140.6% at the same time, but compared to the average value, it shows a high increase in products and foods. Next page, please. This is the result of the PBE product sales. The total is 33,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000 The previous year's cost was 105.7%, but it has settled within the planned area and has been properly controlled. The productivity improvement has been a result of reducing the increase in the human resource ratio. As for the sales cost, the sales have increased by 0.2 points due to the increase in the sales volume. In terms of sales promotion fees, the previous year's cost was 91.5% due to a detailed review of the sales deduction fees. As for the land rent, the previous year's cost was 100.7% and the increase in the number of buildings built by the company has been able to continue to prevent the rate of growth. As for the water supply and heating expenses, Next page. Next page. The situation of the balance sheet and cash flow is not a special case, so please refer to the material. This is the end of my explanation. In addition, the data on the achievements of each company is posted in the appendix below page 25, so please refer to it. In addition, the implementation of the medium-term management plan is as described on page 18. I will explain the details on April 11th. I will explain the details on April 11th. I will explain the details on April 11th. Please see the 23rd page.