Bengo4.com, Inc. · TSE:6027
Bengo4.com — Q1 FY3/2027 Earnings Presentation
83 slides from Bengo4.com's earnings presentation, Aug 12, 2026
Slide 1: FY3/2027 Q1 Results
FY3/2027 Q1 RESULTS Bengo4.com, Inc. August 12, 2026 Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
Slide 2: Contents
Contents 01 Impact of the Spread of Generative AI P. 2−10 02 FY3/2027 Q1 Results P. 11−16 03 About LegalBrain P. 17−24 04 Business Overview P. 25−43 05 Appendix P. 44−82 1
Slide 3: Impact of the Spread of Generative AI
Impact of the Spread of Generative AI 2
Slide 4: Will lawyers be replaced by generative AI?
Impact on lawyers Will lawyers be by generative AI? Hallucination is a structural risk l Over 1,353 AI miscitation lawsuits worldwide, with approximately 90% concentrated in 2025 l The need for final verification by lawyers is increasing The value of lawyers as final decision-makers is increasing l
Slide 5: Will LegalBrain be replaced by generative AI?
Impact on LegalBrain Will LegalBrain be by generative AI ? One&Only legal data exclusive to Bengo4.com, Inc. l Providing high-precision output capable of withstanding legal practice based on One&Only legal data l Proven even in Japan's most difficult exam, the "Preliminary Bar Examination" (see page
Slide 6: LegalBrain's AI Technology Infrastructure Cycle
LegalBrain's AI Technology Infrastructure Cycle Cultivating an AI technology infrastructure that supports all users—individuals, corporations, and lawyers—in the legal domain Bengo4.com, Inc.’s AI Technology Infrastructure Legal Consultation Finance Unified Contracts Legal AI Agent 5
Slide 7: New business is growing rapidly by leveraging LegalBrain
New business is growing rapidly by leveraging LegalBrain LegalBrain Agent achieves exponential ARR growth Compared to ARR in July 2026 grew 3.8 times in 4 months from March 2026 March 2026 Furthermore, applying the post-upgrade pricing from June 2026 results 400 in 11 times growth compared to March
Slide 8: LegalBrain Agent Growth Speed
LegalBrain Agent Growth Speed Against the backdrop of high demand for AI, we will leverage company assets such as our existing sales structure and customer base to grow to a scale equivalent to CloudSign at an early stage. LegalBrain Agent ARR CloudSign's Further strengthen collaboration between Ove
Slide 9: CloudSign demonstrates competitive advantage through synergy with LegalBrain
CloudSign demonstrates competitive advantage through synergy with LegalBrain Promoting corporate AX from two starting points: CloudSign and LegalBrain Agent Legal AX Transaction AX Inquiry Invoices Receipt Contract Contract Contract Document Research Creation Review Conclusion Management Invoices Is
Slide 10: Will CloudSign be replaced by generative AI?
Impact on CloudSign Will CloudSign be by generative AI ? Contract conclusion is a transaction between two or more parties l Unlike services where users are limited to the same organization, e- contracting services are transactions that involve counterparties such as external parties. l Even if a com
Slide 11: Resolution to Implement Shareholder Returns on June 11, 2026
Resolution to Implement Shareholder Returns on June 11, 2026 Strong conviction in the further growth of Bengo4.com, which implements AI in the professional domain for society Details of treasury stock acquisition 350,000 shares (maximum) Total number of shares to be acquired 1.5% of total shares iss
Slide 12: FY3/2027 Q1 Results
FY3/2027 Q1 Results 11
Slide 13: FY3/2027 Q1 Consolidated Financial Results Highlights
FY3/2027 Q1 Consolidated Financial Results Highlights (April - June) Net sales increased 27.3% YoY, and operating profit increased 36.8 % YoY All key figures exceeded the planned targets. Quarterly EBITDA surpassed 1 billion yen Net Sales 4,838 million yen — YoY +27.3 % EBITDA 1,001 million yen — Yo
Slide 14: Quarterly trend in Net Sales
Quarterly trend in Net Sales Q1 Net Sales achieved high growth of +27.3% YoY Progress rate of 23.6% against the full-year Net Sales forecast of 20.5 billion yen, exceeding the planned pace （Mil. Yen） 5,000 4,838 Sales of LegalBrain Agent are Business Lawyers and others 337 4,415 strong Zeirishi.com
Slide 15: Quarterly trend in ARR
Quarterly trend in ARR Company-wide ARR is 16.32 billion yen, YoY +27.8% ARR l With the addition of Bengoshi Hoken Mikata's ARR, Bengoshi.com and others' ARR is YoY +35.1% Bengoshi.com and others 16.32 YoY billion yen l CloudSign's ARR is YoY +23.6% +35.1% (billion yen) 16.32 16.0 14.59 Bengoshi.com
Slide 16: Quarterly trend in SGA
Quarterly trend in SGA In Q1, expenses increased due to the new consolidation of MIKATA Small Amount Short Term Insurance Co., Ltd. For existing businesses, we executed disciplined investments while improving productivity （Mil. Yen） 3,200 3,136 2,952 Added expenses for MIKATA Other Expenses Small Am
Slide 17: Quarterly trend in Operating Profits
Quarterly trend in Operating Profits Achieved record profit of 698 million yen in Operating Profit and an Operating Profit Ratio of 14.4% Exceeding the plan for Q1. 23.3% progress against the full-year operating profit forecast of 3billion yen We will continue to balance upfront investments for futu
Slide 18: LegalBrain
LEGALBRAIN 17
Slide 19: LegalBrain initiative
LegalBrain initiative Lawyer database Lawyer Practice Database of legal precedents database Dispute Case Judge database database Leagal Public consultation Prosecutor Q&A database Legal Contract profession book database database Strengthen development M&A also utilized capabilities by hiring enginee
Slide 20: What we hope to accomplish through LegalBrain
What we hope to accomplish through LegalBrain As Japan's Legal Department, empowering Japanese society through legal services LAWYER BUSINESS CONSUMER 19
Slide 21: LegalBrain Agent evolves into Japan's first Unified legal AI Agent
LegalBrain Agent evolves into Japan's first Unified legal AI Agent By integrating data from Japanese laws, precedents, guidelines, and specialized legal books, and through iterative dialogue, it becomes possible to advance legal tasks ranging from issue examination to research, analysis, and the dra
Slide 22: Achieved Top-Tier Passing Level in Judicial Examination Preliminary Essay Test
Achieved "Top-Tier Passing Level*" in Japan's Most Difficult Exam, the "Judicial Examination Preliminary Examination Essay Test" In the 2025 Judicial Examination Preliminary Examination Essay Test, it outperformed general-purpose AI in all 10 subjects, achieving 375 points* out of a possible 500 in
Slide 23: LegalBrain Agent Usage and Benefits
LegalBrain Agent Usage and Benefits LegalBrain Agent is used in the legal departments of major financial institutions, large corporations, and law firms handling mainly corporate legal affairs. Companies using LegalBrain Agent* Benefits 01 Speedy and high-quality research • Makes it possible to quic
Slide 24: Promoting an AI strategy aligned with Government's Basic Policies
Promoting an AI strategy that aligns with the "Government’s Basic Policies / Japan Growth Strategy"Promoting an AI strategy Government policy explicitly states the promotion of vertical AI (domain-specific AI) Deploying LegalBrain Agent ahead of national strategy to accelerate Japan's AX With the ev
Slide 25: Legal Domain TAM
Legal Domain TAM Users of LegalBrain Agent include the lawyer market and contract-related market, as well as the corporate legal affairs market. Expected to gain widespread adoption not merely as a tool but as a service that replaces labor costs. Corporate legal affairs / Contract-related market Fin
Slide 26: Business Overview
Business Overview 25
Slide 27: CloudSign
CLOUDSIGN 26
Slide 28: Trend in Net Sales
Trend in Net Sales New MRR and net MRR continue to reach record highs Net Sales Driven by strong demand for e-contracting services, the number of new acquisitions reached a record high, exceeding the levels seen during the COVID-19 pandemic. Trend in Net Sales Spot sales: Introduction support consul
Slide 29: Trend in the number of contracts
Trend in the number of contracts (The number of contracts sent bearing an electronic signature and a timestamp) The number of contracts sent surpassed 3.23 million in the quarter Network effects of Trend in the Number of Contracts by Quarter electronic contract service 3,230 3,246 (1,000 contracts)
Slide 30: CloudSign introduction in different industries
CloudSign introduction in different industries The introduction of CloudSign continued to accelerate, especially among large companies and local governments. Banks, securities, insurance and other financials IT services, information, telecommunications, human resources and media Construction / Real
Slide 31: Release of Document Management Product
Release of Document Management Product Launched CloudSign Document Management on August 31 to minimize input and search efforts and increase productivity.All CloudSign users are targets for upselling, which will increase ARPPU 30
Slide 32: Bengoshi.com
BENGOSHI.COM Bengoshi means lawyer 31
Slide 33: Trend in Net Sales
Trend in Net Sales Customer attraction and business support services have seen 11 consecutive quarters of revenue growth and strong performance since Hanreihisho joined the group. Sales of BengoKakumei are performing well, buoyed by the digitalisation of civil court proceedings. Trend in Net Sales ■
Slide 34: Trend in the Number of Registered Lawyers
Trend in the Number of Registered Lawyers The number of registered lawyers reached 32,439, accounting for a 2/3 share of lawyers in Japan Accelerated sales of Hanreihisho and BengoKakumei drove an increase in paid registered lawyers. Number of lawyers From Q1 of FY3/2025, Share of domestic lawyers *
Slide 35: Total support for lawyers from all aspects
Total support for lawyers from all aspects Creating synergies by strengthening collaboration between services Marketing domain Business Support domain Consumers Consultation Lawyers Resolving cost-related concerns for consumers Promoting collaboration between products through legal finance Pursuing
Slide 36: Zeirishi.com
ZEIRISHI.COM Zeirishi means tax accountant 35
Slide 37: Zeirishi.com
Zeirishi.com Approximately 950,000 monthly site visitors, one of Japan's largest tax consultation portal sites 1. Tax Accountant introduction service • From among 7,477 registered tax accountants, experienced tax coordinators introduce the best tax accountant 2. Tax Consultation for Everyone • A fre
Slide 38: Trend in Net Sales
Trend in Net Sales Net sales reached record highs, and the average contract price remained at a high level After changes in listing ad operations, operations stabilized and the number of YoY contracts trended upward. 22.8 % + Trend in Net Sales 426 （Mil. Yen） 415 400 382 356 347 322 329 326 331 312
Slide 39: Business Lawyers
BUSINESS LAWYERS Business Lawyers 38
Slide 40: Business Lawyers
Business Lawyers Monthly site visitors of approximately 400,000, one of Japan's largest corporate legal portal sites 1. Registered lawyers explain the latest legal amendments and precedents • The lawyer who works in Nishimura & Asahi, Mori Hamada & Matsumoto, Nagashima Ohno & Tsunematsu, Anderson Mo
Slide 41: Quarterly trend in ARR
Quarterly trend in ARR Business Lawyers Library saw a slight decrease in the number of companies and an improvement in unit price Organizational changes have strengthened the sales structure of LegalBrain Agent, accelerating future sales Quarterly trend in ARR 659 （Mil. Yen） 600 540 529 Recurring sa
Slide 42: Corporate Topics
Corporate Topics 41
Slide 43: First User Conference Bengo4.com PARADIGM 2026
First User Conference "Bengo4.com PARADIGM 2026" to be held on October 2 A user conference for professionals such as lawyers and corporate legal affairs Featuring guest speakers including Professor Hiroaki Miyata of Keio University 42
Slide 44: BUSINESS LAWYERS AWARD 2026
An award program honoring "Lawyers Driving Corporate and Social Change" Holding the "BUSINESS LAWYERS AWARD 2026" Over 600 total entries across 5 categories. The Grand Prix and top awards will be announced on November 4, 2026 43
Slide 45: Appendix
APPE NDIX © Bengo4.com, Inc. 2026 44 Appendix
Slide 46: Summary for FY3/2027 Q1
Summary for FY3/2027 Q1 *EBITDA = Operating Profit + Depreciation and amortization + Goodwill amortization + Stock-based compensation expense + Equity gains (losses) of affiliated companies （Mil. Yen） FY3/2027 Q1 FY3/2026 Q1 FY3/2026 Q1 FY3/2026 Q4 FY3/2026 Q4 Actual Actual YoY Actual QoQ Net Sales
Slide 47: Balance sheet
Balance sheet （Mil. Yen） Net assets increased 1,734 million yen due to higher retained FY3/2027 earnings. Equity Q1 ratio FY3/2026 Q4 QoQ is 53.2% Current Assets 7,627 8,525 -898 Cash and equivalents 4,193 5,199 -1,006 Fixed Assets 8,946 4,855 +4,091 Total Assets 16,573 13,381 +3,192 Current Liabili
Slide 48: Corporate Profile
Corporate Profile Name Bengo4.com, Inc. Place 4-1-4 Roppongi, Minato-ku, Tokyo Date of establishment 4th Jul., 2005 Representative Taichiro Motoe Director Employees Consolidated: 734, Non-consolidated: 659 (As of June 30, 2026) Group companies LIC CO., Ltd Bengo4.com Legal Finance, Inc. Mikata Small
Slide 49: Vision and Mission
VISION・MISSION VISION Drive a paradigm shift for the better world. Be the Professional-Tech Company. MISSION Do what only professionals can do. Contribute to society using professional knowledge and technologies. 48
Slide 50: Board Members
Board Members Representative Director, President and CEO Taichiro Motoe Outside Director Katsuya Uenoyama Joined Anderson Mori & Tomotsune Foreign Law Joint Enterprise and subsequently Representative Director of PKSHA Technology Inc. founded Authense Law Office. Worked for a major foreign-affiliated
Slide 51: Corporate History
Corporate History Bengo4.com Legal Finance Inc.* 2026 Mikata Micro Insurance Co., Ltd. joined the Group AI business Released “LegalBrain Agent” to support legal research work 2025 Transferred to the Tokyo Stock Exchange Prime Market Bengo Kakumei Inc., a Provider of Digital Case 2024 Recordkeeping T
Slide 52: Bengoshi.com
BENGOSHI.COM Bengoshi means lawyer 51
Slide 53: Social background of legal consulting services in Japan
Social background of legal consulting services in Japan Approximately 11.11 million people (13.9%) have experienced some form of legal trouble in a year The percentage of people who actually consult a lawyer is 26.5% Reasons for not consulting include "concerns over costs" 34.7%, and "it is not a se
Slide 54: Background of lawyer's business in Japan
Background of lawyer’s business in Japan Environments of lawyer's business has been changing rapidly since the judicial system reform in 2000, such as lifting of ban on advertisements, liberalization of fees, and new bar examination, which was meant to increase number of lawyers in Japan. Number of
Slide 55: Market Environment of the Legal Services Industry in Japan
Market Environment of the Legal Services Industry in Japan The legal services industry has been growing since 2000 due to progress in the development of new customers, as marketing needs for lawyers grow together with the increase in the actual number of lawyers. Legal services market size 25.6 mill
Slide 56: Value proposition of Bengoshi.com
Value proposition of Bengoshi.com A web-based platform for consumers and lawyers, to realize “familiar legal service”. Provides information and services about free legal consulting and detailed information about lawyers for consumers. Consumers Lawyers Hesitate to seek Want to reach out to Support f
Slide 57: Why Bengoshi.com?
Why Bengoshi.com? Approximately 7.11 million monthly site visitors, one of Japan's largest free legal consultation portals 1. Free internet legal consultation answered by lawyers • An overwhelming database with a total of approximately 1.49 million legal consultation cases 2. Extensive lawyer databa
Slide 58: Services Bengoshi.com provides
Services of Bengoshi.com provides Provides each kind of contents according to seriousness of issues users have. Targets Contents provided Benefit for users Consumers who have urgent List of lawyers Profound profile data of lawyers and detailed search matters and are willing to seek options thanks to
Slide 59: Overview of marketing support service for lawyers
Overview of "marketing support service for lawyers" A marketing support service for lawyers, which helps them acquire clients • The number of visitors to the site has exceeded 10 million. • Acquiring potential clients efficiently based on the focus area of each lawyer Price 20,000 yen or more per mo
Slide 60: Overview of research support service for lawyers
Overview of “research support service for lawyers” Making lawyer book research more comfortable • Monthly subscription service for law books • "Book browsing" "research service" functions can be used while working from home Price 9,000yen per month Number of books Over 4,500 books Participating publ
Slide 61: Overview of research support service for lawyers (precedents database)
Overview of “research support service for lawyers” Precedents database with by far the largest share in the industry • The usage rate of the precedents search service by lawyers is 95%. • Hanreihisho in particular is used by all judges and prosecutors, and is the dominant service among the three ele
Slide 62: Overview of Services for Lawyers (Business Support)
Overview of Services for Lawyers (Business Support) Digital document organization tool developed by lawyers for lawyers • It supports transition of lawyers’ practice style to one that makes efficient use of digitalized documents. • Empowering Lawyers with the Power of Digital x AI • It supports the
Slide 63: Growth Cycle of Bengoshi.com
Growth Cycle of — Bengoshi.com Increased DB draws more visitors, Due to user-generated content, consultation posts and lawyer responses automatically increase daily A growth cycle where the expanded DB attracts more visitors, and the DB of registered lawyers also expands to meet the inquiries from t
Slide 64: CloudSign
CLOUDSIGN 63
Slide 65: Overview of CloudSign
Overview of CloudSign Cloud-based e-contracting service from contract conclusion to contract management. Upload a completed contract that has been negotiated and approved by the other party, and the contract is concluded. The recipient of the document does not need to be registered with CloudSign. U
Slide 66: Usage Image
Usage Image Sender Upload PDF documents Enter Destination Document preparation Send Receiver Sender Receiver Receive by mail Contract confirmation Final step after conclusion of agreement and agreement The signed documents will be automatically e-mailed to the sender and receiver. (It is automatical
Slide 67: Documents used for CloudSign (examples)
Documents used for CloudSign (examples) Human Resources Sales Leases Employment contract Sales Contract Building Lease Agreement Working conditions notice Land purchase agreement Land Lease Agreement Offer of employment Building Sales Contract Parking Lot Rental Agreement Employment agreement Real e
Slide 68: Benefits of CloudSign
Benefits of CloudSign Speed up process Reduce cost Strengthening of compliance With CloudSign, contract signing Shipping cost, paper cost,printer No more losing/missing paper or process will be shorten by 1-2 ink cost, and stamp tax will no altering of contract. weeks, which boosts up upside of long
Slide 69: Price of CloudSign
Price of CloudSign Free Light Corporate Enterprise Fixed fee 0 JPY/Month Fixed fee 11,000 JPY/Month Fixed fee 28,000 JPY/Month Fixed fee To be inquired Pay- per-use 0 JPY/Month Pay- per-use 220 JPY/Sending Pay- per-use 220 JPY/Sending Pay- per-use 220 JPY/Sending Plan contents Plan contents Plan con
Slide 70: Why CloudSign?
Why CloudSign? 1. Cloud contracting service offered by Bengoshi.com • Our Company, which has a deep understanding and knowledge of Japanese law, provides legally reliable products under the supervision of a lawyer. 2. Product development in line with Japanese business practices • In order to expand
Slide 71: CloudSign services
CloudSign services Conclusion of Automatic a contract conversion to data CloudSign Kanri CloudSign scan It facilitates contract management operations with It handles the process from scanning contract AI, which automatically identifies the counterparty documents to storing documents and to the contr
Slide 72: Business Lawyers
BUSINESS LAWYERS 71
Slide 73: Business Lawyers Library fee structure
Business Lawyers Library fee structure Business Lawyers Library, an all-you-can-read book service for corporate legal affairs. Light plan Standard plan Enterprise plan The plan enables an individual to conduct A standard plan that includes education he plan includes compliance training minimum resea
Slide 74: Status of introduction of Business Lawyers Library
Status of introduction of “ BUSINESS LAWYERS LIBRARY ” From the website of "BUSINESS LAWYERS LIBRARY” The service is used by mainly leading law offices and large companies. https://www.businesslawyers.jp/lib/about 73
Slide 75: Advertisement on the websites
Advertisement on the websites Advertising sales on the "Bengoshi.com" and "Zeirishi.com" websites, as well as advertising sales associated with the Business Lawyers conference. Website Conference Advetisements 74
Slide 76: Sustainability
SUS —FAINA © Bengo4.com, Inc. 2026 75
Slide 77: Basic Policy on Sustainability
Basic Policy on Sustainability Going forward, we will work together with all Three Viewpoints stakeholders to drive the creation of a sustainable society, by facing the resolution of social issues from three perspectives, 01 For General and empowering society. 02 For Professional 03 For Enterprise G
Slide 78: Material Issue Map
Material Issue Map Importance to society Access to and use of expert knowledge Response to Information security climate change and protection of privacy Advancing DX services and improving productivity Strengthening corporate Diversity and governance inclusion Training and Corporate ethics creation
Slide 79: MSCI ESG Ratings
MSCI ESG Ratings Bengo4.com receives “BBB” rating from MSCI ESG Ratings Recognized for strong initiatives in "Information security and protection of privacy," a key material issue. The MSCI ESG Ratings,* issued by Morgan Stanley Capital International Inc. (MSCI), evaluate companies worldwide based o
Slide 80: Risk Information
© Bengo4.com, Inc. 2026 79
Slide 81: Risk Information 1
Risk Information 1_ Risks identified as having the potential to materially impact future growth Degree of Item Major Risks Possibility/Timing Influence Countermeasure Business Environment Rapid changes that we do not anticipate, and delays in responding to such changes, Medium/Medium Responding by d
Slide 82: Risk Information 2
Risk Information 2_ Risks identified as having the potential to materially impact future growth Degree of Item Major Risks Possibility/Timing Influence Countermeasure The Group will use a variety of As the Group expands its business in the future, it will need to continually recruit and recruiting m
Slide 83: Warning
WARNING This document is meant for explaining the company’s business itself and doesn’t mean any inducement or persuasion for buying stocks or/and bonds of the company. This document include descriptions about prospects for future which are based on information available as of today, and actual situ