WORKMAN CO.,LTD.

The Company primarily enters into franchise agreements with individuals, earns income from franchisees (Workman charge income), and operates an integrated retail business through both franchise and company-operated stores, selling workwear, casualwear, family apparel, footwear, work supplies and other products. Stores are located in all 47 prefectures. Chain-wide sales were ¥209.234 billion, operating revenue was ¥160.852 billion, operating income was ¥29.676 billion, ordinary income was ¥30.567 billion and net income was ¥20.618 billion. Sales at company-operated stores were ¥24,396 million, sales from merchandise supplied to franchisees were ¥94,849 million, income from franchisees was ¥41,490 million, sales were ¥119,246 million and operating revenue was ¥160,852 million. The chain had 1,094 stores, including 48 new stores, 87 remodeled or converted stores and 5 closures. Regional sales are presented by prefecture for company-operated and franchise stores combined. Same-store sales increased 9.0%, and franchise stores accounted for approximately 92.0% of chain-wide sales. The Company has established the Medium-Term Growth Vision 2030 and sustainability targets, including GHG emissions reductions and targets for the proportion of female employees and female managers. The consolidated financial statements are not prepared. The Company’s history and subsequent events are presented in separate sections.