RISK FACTORS

The following are risks that may have a significant impact on investor decisions regarding the status of our group’s business and financial situation.
Please note that the matters related to the future are based on the judgment of our group as of the date of submission of the securities report.

(1) Risk of sustained downturn in the industry
(2) Risk related to intensifying competition
(3) Risk of outbreak and spread of infectious diseases
(4) Status of store openings within the AEON Group
(5) Risks associated with the increase in consumption tax rate
(6) Risks related to the expansion of overseas business
(7) Legal and regulatory risks related to the operation of amusement facilities
(8) Risks related to securing and developing human resources
(9) Risks related to handling personal information
(10) Other legal and regulatory risks

Last updated: April 11, 2025