Liberaware Co.,ltd. · TSE:218A
Liberaware Co.,ltd — Q1 FY2026/7 Earnings Presentation
91 slides from Liberaware Co.,ltd's earnings presentation, Dec 10, 2025
Slide 1: FY 2026/7 First Quarter Financial Results Presentation Materials
FY 2026/7 First Quarter Financial Results Presentation Materials Liberaware Co., Ltd. Securities Code: 218A December 10, 2025 IBIS
Slide 2: INDEX
INDEX 01 Financial Results Summary 02 Growth Strategy Summary 03 FY 2026/7 First Quarter Performance Report 04 FY 2026/7 Performance Forecast Progress 05 FY 2026/7 First Quarter Growth Strategy Progress 06 Appendix 2
Slide 3: Financial Results Summary
01 Financial Results Summary 3
Slide 4: Financial Results Summary: Continued Revenue Scale Expansion and Stable Gross Profit Margin
Financial Results Summary: Continued Revenue Scale Expansion and Stable Gross Profit Margin • Although the first quarter is typically the slowest period of the year, revenue growth continued, recording the highest revenue ever for a first quarter • Continued to secure a high gross profit margin of a
Slide 5: Following the Expansion Phase, Moving to Scale-Up and Market Establishment Stage
Financial Results Summary: Following the Expansion Phase, Moving to Scale-Up and Market Establishment Stage Following the expansion phase in FY 7/2025, 1Q FY 7/2026 results continued to be supported by social issues/policy trends/market growth, achieving revenue of 294 million yen, up 30% year-on-ye
Slide 6: Launch of Automatic Patrol Camera TORINOS
Financial Results Highlights New Product Release Launch of Automatic Patrol Camera "TORINOS" • As the second robot product following "IBIS2," expanding the target area from "confined spaces" to "patrol of vast facilities" • Automating patrol inspections of vast facilities to simultaneously achieve f
Slide 7: Momentum accelerating toward drone adoption in sewer inspection
Financial Results Topics Sewer drone inspection Momentum accelerating across multiple fronts toward drone adoption in sewer inspection • Liberaware Co., Ltd. is advancing infrastructure development to establish IBIS2 as the new standard tool for sewer inspection through building sales networks, expa
Slide 8: Developing the Asian market with a three-pole structure
Financial Results Topics Status of overseas expansion Developing the Asian market with a three-pole structure in South Korea, Hong Kong, and Malaysia • Refining the growth model by operating a direct sales model through a local subsidiary in South Korea, Hong Kong as a business hub, and Malaysia as
Slide 9: Growth strategy summary
02 Growth strategy summary 9
Slide 10: Maintaining high growth rate while growth strategy realization drives exponential growth
Maintaining high growth rate while growth strategy realization drives exponential growth • Following the establishment of the indoor drone market, Liberaware Co., Ltd. expects CAGR of 60% growth along with the growth of the drone market • In the short to medium term, while maintaining a high organic
Slide 11: Growth Strategy - SUMMARY
Growth Strategy - SUMMARY Creating a safe Data Business Domain Expansion society for Next-Generation IBIS ✓ Construction DX Business (SBIR) everyone ✓ Expanding spatial data business domain in line with IBIS evolution ✓ Increased Added Value through AI ✓ Expanded Application Range through Diagnosis/
Slide 12: Growth Image—All Growth Strategies Target Large-Scale Markets
Growth Image—All Growth Strategies Target Large-Scale Markets with Growth Potential Image of Accumulation of Various Market Potential of Various Growth Strategies Growth Strategies SOM TAM ✓ The indoor drone market has just opened and (Domestic Railway (Railway Operators is a market that will expand
Slide 13: FY 2026/7 First Quarter Performance Report
03 FY 2026/7 First Quarter Performance Report 13
Slide 14: First Quarter Performance Highlights
First Quarter Performance Highlights • Net sales: Drone sales were strong due to the launch of the domestic distributor system, but the ramp - up of non-drone sales was slow and fell short of expectations • Gross profit margin progressed steadily, and profit at each stage also progressed as expected
Slide 15: First Quarter Business Highlights
First Quarter Business Highlights • Implemented many activities including business development for further expansion of sales channels in the sewage sector and IBIS, and new product releases • Growth strategies for future non-linear growth progressed smoothly ・Continuing from the previous year, stre
Slide 16: Performance Report <Numerical Report>
FY 2026/7 First Quarter Performance Report<Numerical Report> 16
Slide 17: Performance Details
Performance Details • Year-on-year, net sales +30%, gross profit margin at the same level • Selling, general and administrative expenses were affected by R&D expenses for railway SBIR due to the phase transition to mass production prototypes FY2026/7 FY07/2025 (Previous period) FY07/2026 (Forecast)
Slide 18: Year-on-year comparison of drone sales and revenue excluding drone sales
Year-on-year comparison of drone sales and revenue excluding drone sales • Drone sales in Q 1 reached 18.5 sets, significantly exceeding the same period of the previous year, with 25% progress toward the full-year forecast • The recurring revenue amount and ratio to revenue excluding drone sales are
Slide 19: Trends in various KPIs related to recurring revenue
Trends in various KPIs related to recurring revenue (quarterly) • No significant movement in various KPIs due to the slow season • For inspection/data processing services, with Q1 revenue scale being small and revenue centered on new customers, the repeat rate has declined, but repeat orders from ex
Slide 20: Various indicators related to profit
Various indicators related to profit • Although flat in the current quarter due to increased recurring revenue and high -margin drone sales, the gross profit margin is on an upward trend • SG&A expenses have strong fixed cost characteristics, but currently the level has increased due to future talen
Slide 21: Revenue trends by business segment/service category
Revenue trends by business segment/service category (year-over-year comparison) • Although drone sales were strong, the slow start of inspection and digital twin businesses resulted in a decrease compared to the same period of the previous year Drone business Solution development Digital twin busine
Slide 22: Historical trends of revenue and operating profit/loss (quarterly)
Historical trends of revenue and operating profit/loss (quarterly) • Revenue: Continues to show an increasing trend on a quarterly basis, recording the highest 1Q to date • Operating profit/loss excluding SBIR research and development expenses: Due to the off -season, fixed costs could not be absorb
Slide 23: Historical trends of gross profit margin and gross profit amount
Historical trends of gross profit margin and gross profit amount(quarterly) • Gross profit margin has been stably maintained at over 40% since 2Q of fiscal year ending July 2024, demonstrating the high profitability of Liberaware Co., Ltd.'s business • In both the previous and current fiscal years,
Slide 24: Historical trends of SG&A expenses (quarterly)
Historical trends of SG&A expenses (excluding research and development expenses) (quarterly) • Personnel expenses have strong fixed cost characteristics and remained at approximately 70 to 80 million yen in previous years. Recently, due to the impact of increasing personnel on the business side such
Slide 25: Historical trends of research and development expenses (quarterly)
Historical trends of research and development expenses (quarterly) • SBIR projects started from the second half of fiscal year ending July 2024, and in 3Q of fiscal year ending July 2025, expenses increased significantly due to overlapping system deliveries, etc. • In the current quarter, the amount
Slide 26: Customer count trends and number of major industry customers
Customer count trends and number of major industry customers • New customers are steadily increasing, and existing customers continue to use the services frequently • Many major industry companies use the services, and Liberaware Co., Ltd. aims for industry -standard positioning through use case exp
Slide 27: Balance Sheet (Comparison with Previous Fiscal Year-End)
Balance Sheet (Comparison with Previous Fiscal Year-End) • Due to the time lag between SBIR research and development expenditures and the receipt of subsidies, expenditures of cash and deposits have preceded • A new short-term borrowing of 100 million yen has been executed End of Change from (Unit:
Slide 28: Transition of Number of Officers and Employees by Half-Year Period
Transition of Number of Officers and Employees by Half- Year Period (End of FY7/25) • Liberaware Co., Ltd. continues active recruitment of engineers who support its technology, promoting projects that form the basis of various growth strategies • Liberaware Co., Ltd. also strengthens business -side
Slide 29: Quarterly Breakdown of Net Sales Figures
Quarterly Breakdown of Net Sales Figures FY2024/7 FY2025/7 FY2026/7 FY2026/7 (Unit: million yen) (Actual totals are rounded Full Year down to the nearest million Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Business yen) Forecast Total Net Sales 73 191 344 205 225 389 364 426 294 2,220 Drone Business Total 51 138 221
Slide 30: FY 2026/7 First Quarter Performance Report <Activity Report>
FY 2026/7 First Quarter Performance Report< ＜Activity Report>＞ 30
Slide 31: Activity Report Summary: Activities Implemented in Line with Growth Strategy
Activity Report Summary: Various Activities Implemented in Line with Growth Strategy • In Q1, centered on activities related to sewer drone inspection, Liberaware Co., Ltd. implemented many activities including the launch of a distributor system and new product development Expansion of Application S
Slide 32: Why the rail camera TORINOS?
Why the rail camera "TORINOS"? • The next move to address regular patrol needs arising from social issues, leveraging indoor inspection technology and customer base cultivated with IBIS, is "TORINOS" Social issues are increasing the need for A product unique to Liberaware Co., Ltd. regular patrols T
Slide 33: TORINOS Target Market and Implementation Cases
TORINOS Target Market and Implementation Cases • By accumulating implementation cases based on target markets, Liberaware Co., Ltd. will advance awareness expansion and use case creation, similar to IBIS Target Market Implementation cases (planned) ✓Marunouchi Heat Supply Co., Ltd. owns and manages
Slide 34: Market potential of rail cameras for inspection purposes
Market potential of rail cameras for inspection purposes • Within the surveillance camera and system market, rail cameras establish a unique position by capturing the untapped domain of automatic patrol • Focusing on growth segments such as electric power, underground infrastructure, and data center
Slide 35: TORINOS (Rail Camera) Comparison with Competitors
TORINOS (Rail Camera) Comparison with Competitors • Since there are no clear competitors in Japan deploying mass production for inspection purposes, Liberaware Co., Ltd. will proceed with market establishment similar to IBIS • Since the premise is use within critical facilities, domestic products ha
Slide 36: Differentiation between TORINOS and IBIS
Differentiation between TORINOS and IBIS: High-difficulty indoor inspections and regular patrols • TORINOS fills the indoor inspection areas that IBIS cannot fully cover, expanding the indoor inspection and patrol areas comprehensively in a "complementary relationship" • IBIS2 is for "high-difficult
Slide 37: Strategic positioning: A technological milestone toward autonomous flying drones
Strategic positioning: A technological milestone toward autonomous flying drones • A strategically consistent move that advances Liberaware Co., Ltd.'s goal of Safety as a Service through autonomous drones/autonomous robots • The knowledge gained from TORINOS operations in automatic patrol, remote m
Slide 38: Business Progress and Future Development
Business Progress and Future Development • Liberaware Co., Ltd. is considering a model to continuously accumulate subscription-based revenue from video analysis, reporting, and other services in addition to hardware sales revenue through horizontal expansion to multiple infrastructure operators incl
Slide 39: Distributor System Launched to Accelerate Nationwide Deployment of IBIS2
Distributor System Launched to Accelerate Nationwide Deployment of IBIS2 • Establishing a nationwide sales network to expand the sales, support, and operational value of IBIS2 from "points" to "areas," building a foundation • Through nationwide deployment of the sales network, Liberaware Co., Ltd. a
Slide 40: Three domestic distributors for IBIS2 have been determined
Three domestic distributors for IBIS2 have been determined, promoting deployment across the nation • Three companies with extensive infrastructure-related networks and customer bases in the Chubu, Kyushu, and South Kanto regions have been determined as IBIS2 domestic distributors Yamada Shokai Holdi
Slide 41: Accumulating utilization results advances adoption of drone inspections
Accumulating utilization results advances the movement toward the adoption of drone inspections • Implementing various activities from on -site inspections to negotiations with relevant municipalities to promote the adoption of sewerage drone inspections • As a first step toward standardization of d
Slide 42: Drones and DX promoted toward accelerated adoption from fiscal year 2026
Drones and DX are being promoted toward further accelerated adoption from fiscal year 2026 onward • In the Ministry of Land, Infrastructure, Transport and Tourism Water and Disaster Management Bureau's fiscal year 2026 budget request as well, Liberaware Co., Ltd.'s IBIS2 is listed on the page for pr
Slide 43: Conducting sewerage inspections using IBIS2 at municipalities nationwide
Conducting sewerage and other inspections using IBIS2 at municipalities across the nation • Conducting inspections in collaboration with over 30 cases in total and over 20 municipalities (below lists those that can be publicly disclosed) • In the results at each municipality, many stakeholders parti
Slide 44: Establishing Position as Standard Equipment for Infrastructure Inspections
Short to Medium Term: Establishing Position as Standard Equipment for Infrastructure Inspections Through Case Accumulation • Accumulating numerous utilization cases in nationwide special priority inspections to become standard equipment for sewerage inspections Furthermore, aiming to establish posit
Slide 45: FY 2026/7 Business Forecast Outlook
04 FY 2026/7 Business Forecast Outlook 45
Slide 46: FY2026/7 Plan Policy: Maintaining High Revenue Growth Rate
FY2026/7 Plan Policy: Maintaining High Revenue Growth Rate and Continuing Future Investments 01 Revenue and Gross Profit Margin Initial plan is set at a level based on prior year results and growth outlook for the indoor drone market, etc. ✓Revenue incorporates organic growth of existing businesses
Slide 47: Continuing investment to realize growth strategy
Continuing investment to realize growth strategy • Policy to aim for non-linear growth by investing acquired profits in growth strategies and repeating business growth and reinvestment Investment 1 Growth Strategy 1 Non-linear Revenue Aiming for National project growth Profit Railway environment-spe
Slide 48: Full-year earnings forecast for FY 2026/7
Full-year earnings forecast for FY 2026/7 • Reflecting strong performance, revenue is expected to increase significantly, but R&D investment for future growth continues • Ordinary income excluding timing differences in SBIR subsidy income and stock -based compensation expenses is expected to be in t
Slide 49: Quarterly revenue progress rate against full-year earnings forecast
Quarterly revenue progress rate against full-year earnings forecast • The first quarter is typically the slowest season of the year, so the progress rate against the full-year earnings forecast remains at 13% • Although this is 3 percentage points lower compared to the prior year same period progres
Slide 50: Explanation of revenue forecast
Explanation of revenue forecast • For drone sales, Q1 covered more than 60% of the first -half target of 30 sets, and the pipeline for Q2 and beyond is progressing smoothly • Revenue excluding drone sales is steadily accumulating at approximately 4 3% based on orders already received as of now (excl
Slide 51: Annual Transition of Revenue by Business/Service
Annual Transition of Revenue by Business/Service • Liberaware Co., Ltd. expects year-on-year growth across all businesses and services, continuing from previous fiscal years, and anticipates revenue from overseas markets and new products Drone business New Business Digital twin business Solution dev
Slide 52: Growth Strategy Progress
05 Growth Strategy Progress FY 2026/7 First Quarter 52
Slide 53: Accelerating growth by expanding business domains through co-creation
FY26/7 Accelerating continuous growth by expanding business domains with co-creation as the core axis and enhancing added value of existing services • Promoting functional enhancement of core products and solution development through co-creation to create sources of growth potential • Strengthening
Slide 54: Industry Expansion Through Deeper Penetration of Key Industries
Industry Expansion Through Deeper Penetration of Key Industries and Expansion into New Domains • Expanding use cases by understanding needs through co-creation with industry leaders in each sector, and pursuing deeper penetration and horizontal expansion for each company • Developing new industries
Slide 55: National Project Participation: Construction Site Operational Efficiency
National Project Participation: Solution Development for Construction Site Operational Efficiency • To improve operational efficiency at construction sites, developing solutions for digitalization and remote operation of construction management using drones and 3D modeling technology (Subsidy grant
Slide 56: National Project: Drone Solutions for Railway Industry Inspections
National Project Participation: Development of Drone Solutions for Railway Industry Inspections • Started in April 2024, development of drone solutions specialized for railway environments to address labor shortages and safety challenges in the railway industry (Subsidy grant decision amount: 5.2 bi
Slide 57: Drone Solution Image for Railway Industry Inspections
Drone Solution Image for Railway Industry Inspections • Aiming to provide efficient and safe solutions by replacing routine maintenance operations conducted by railway site workers with drones Drone Image * Replacement of maintenance operations with drones • Replace comprehensive maintenance status
Slide 58: Market Potential of Drone Solutions for Railway Industry Inspections
Market Potential of Drone Solutions for Railway Industry Inspections • Even when limited to domestic railway operators, the SOM for this service is estimated at approximately 200 billion yen TAM, SAM, and SOM *123 for this service TAM (Total Addressable Market) SAM SOM =Maximum market size (Servicea
Slide 59: Multiple railway operators participating (JR Shikoku newly joined)
Multiple railway operators participating (JR Shikoku newly joined) • With the new addition of JR Shikoku, currently 6 railway operators are participating in this project • Of the 6 JR Group companies, a total of 5 companies are participating: the 3 Honshu companies plus Kyushu and Shikoku 59
Slide 60: Newly installed a dedicated wind tunnel facility at the test site
Newly installed a dedicated wind tunnel facility at the test site • Liberaware Co., Ltd. has established a dedicated wind tunnel facility in addition to railway tracks at a test site in Chiba Prefecture, building a system that enables timely flight testing 60
Slide 61: South Korea: SAMSUNG E&A introduces IBIS2
South Korea: SAMSUNG E&A introduces IBIS2, with a view to future horizontal expansion • Liberaware Co., Ltd. has secured implementation results with a global major EPC company*, accelerating credibility acquisition and awareness expansion based on utilization by major companies, similar to Japan • I
Slide 62: Appendix (1) Company overview, etc.
06 Appendix (1) Company overview, etc. 62
Slide 63: Company Overview (Liberaware)
Company Overview (Liberaware) Company Liberaware Co., Ltd. Name CEO Hongkyu Min Established August 22, 2016 Director Kohei Hayashi Number of 107 employees *Excluding non-executive directors, including temporary CFO Junya Ichikawa Employees employees and dispatched workers (as of the end of July 2025
Slide 64: Related Company Overview (CalTa)
Related Company Overview (CalTa) Company CalTa Co., Ltd. Name Established July 1, 2021 Location Takanawa Sengakuji Ekimae Building 9F, 2-18-10 Takanawa, Minato-ku, Tokyo ・Inspection, survey, and surveying services using drones, etc., data processing and Business analysis services Description ・Provis
Slide 65: Management team
Management team • A diverse management team from various industries leads the organization and business Representative Director Hongkyu Min ü Completed Master's Program in Engineering, Graduate School of Engineering, Chiba Institute of Technology (Master's degree) ü At Chiba University, participated
Slide 66: Social Issue: Aging of Facilities
Social Issue: Aging of Facilities • With the aging of infrastructure and facilities, the need for maintenance is increasingly growing Infrastructur Facilities Equipment e Many aging facilities Road bridges over 50 years old Factories and commercial facilities over 50 years old Require high-frequency
Slide 67: Policy Trends
Policy Trends • The government is also focusing on supporting drone-related startups, and policy trends such as deregulation of inspection-related operations and strengthening of overtime regulations are tailwinds for the popularization of drone use Support for drone Analog regulations (*2) Grace pe
Slide 68: Social Issue: Declining Labor Population and Productivity Improvement
Social Issue: Declining Labor Population and Productivity Improvement • By 2030, there will be a shortage of 6.44 million workers, and wages are expected to exceed 2,000 yen per hour, necessitating improvements in labor productivity Labor population Hourly wage 1,835 yen 2,096 yen Total population o
Slide 69: MISSION VISION
MISSION Create a society where safety is accessible to all So that the social infrastructure supporting people‘s lives continues to be taken for granted, we clarify the various risks lurking in social infrastructure such as commercial facilities, transportation facilities, and plants through free th
Slide 70: Business Model: IBIS and LAPIS
Business Model • Providing DX solutions for infrastructure facilities using hardware technologies such as drones and software technologies such as processing, handling, and managing captured images and videos Hardware Software Confined space inspection drone Confined space data analysis technology S
Slide 71: Business Model
Business Model • Providing three businesses and various services using drones and digital twins 01 Drone Business (Hardware) 02 Digital Twin Business (Software) Inspection Solution Product Provision Data Processing and Digital twin platform Service Analysis Service Inspecting facilities and Sale and
Slide 72: Composition ratio by business
Composition ratio by business • The Drone Business accounts for approximately 60% of the total. The Digital Twin Business has contributed to revenue within two years of full -scale launch Solution Development Business Drone Business ✓Nuclear power plant drone survey project 27% Breakdown ✓Developmen
Slide 73: Hardware: About the confined space inspection drone IBIS2
Hardware: About the confined space inspection drone "IBIS2" • IBIS is an industrial compact drone suitable for inspection, survey, and measurement in "narrow, dark, and hazardous" environments • As an in-house developed domestically produced drone, Liberaware Co., Ltd. has independently developed fl
Slide 74: Overview of Data Processing and Analysis Service
Digital Twin Business: Overview of Data Processing and Analysis Service • Using the software "LAPIS", which incorporates Liberaware Co., Ltd.'s three-dimensional conversion technology, processing and analysis of videos acquired through inspections are performed • Data analysis based on customer need
Slide 75: Digital Twin Business: 3D Analysis Cloud LAPIS
Digital Twin Business: 3D Analysis Cloud "LAPIS" • LAPIS is software that performs 3D analysis and enables 3D modeling of environments with high processing difficulty: "narrow, dark, and hazardous" • Can integrate with various image processing, AI analysis, BIM, and other drawing creation tools Segm
Slide 76: Digital Twin Platform TRANCITY Overview
Digital Twin Platform " TRANCITY" Overview • Enables 3D modeling and point cloud data generation from videos captured by drones or smartphones ⇒ Improves efficiency of construction work and maintenance operations • Developed based on LAPIS image processing technology, and the platform is provided by
Slide 77: Strengths and Competitive Advantages
Strengths and Competitive Advantages • Achieving No.1 in indoor inspection usage through hardware and software strengths and strong business relationships with major corporations Cumulative Number of Client Companies 1 2 3 Hardware Technology Data Technology Business with Major Advantage Advantage C
Slide 78: Strengths (Hardware): Domestically produced small industrial drones
Strengths and competitive advantages (Hardware): Development of domestically produced small industrial drones • Capable of flying in non-GPS environments, world's smallest class* as an industrial aircraft, enabling inspection and survey of areas difficult for other companies to inspect • Building so
Slide 79: Strengths (Software): 3D Digitization Technology for Harsh Environments
Strengths and Advantages (Software): 3D Digitization Technology for Harsh Environments • Liberaware Co., Ltd. possesses 3D digitization technology for "narrow, dark, and harsh" spaces that are difficult for other companies to handle • Liberaware Co., Ltd. provides BIM* conversion services for existi
Slide 80: IBIS2 is suitable for narrow, dark, harsh, and dangerous environments
"IBIS2" is suitable for "narrow, dark, harsh, and dangerous" environments • Indoor confined space inspection drones are suitable for a wide range of environments, and can replace environments that are difficult for people to work in Narrow environments Harsh environments With proprietary flight cont
Slide 81: Revenue Model
Revenue Model • By accumulating high gross margin drone sales and recurring service revenue with improving gross margin as the number of projects increases, Liberaware Co., Ltd. will achieve profitability • In the medium to long term, Liberaware Co., Ltd. aims to achieve profitability with recurring
Slide 82: Impact of R&D Expenses and Subsidies on Segment Income
Impact of Research and Development Expenses and Subsidies on Segment Income • Going forward, substantial SBIR-related research and development expenses will be recorded over multiple years, resulting in an expected operating deficit during that period; however, since these research and development e
Slide 83: Background of deficit due to timing difference in SBIR subsidy income
Background of deficit recorded due to timing difference in receiving SBIR subsidy income • Ⅰ Since subsidies are settled after development costs are utilized, settlement of a portion of development costs utilized in the latter half of the year is deferred to the next period • Ⅱ In the fiscal year en
Slide 84: Appendix (2) Medium- to Long-Term Growth Strategy
06 Appendix (2) Medium- to Long-Term Growth Strategy 84
Slide 85: Growth strategy - SUMMARY
Growth strategy - SUMMARY Establishing overwhelming superiority through the evolution of core products Acquiring new growth engines through co-creation Overseas expansion of Made-in-Japan 85
Slide 86: Growth Strategy - Roadmap
Growth Strategy - Roadmap • In the short term, expand business by enhancing existing services, improving added value, and developing new devices and solutions • In the medium to long term, launch next-generation IBIS and software, as well as railway environment-specific drones, to acquire new growth
Slide 87: Achieve non-linear growth through evolution of core products
Achieve non-linear growth through the evolution of core Medium to long term products and the deployment of railway-specific solutions • Release of new drones and more advanced data analysis engines • Paradigm shift in inspection and patrol operations through the launch of railway-specific solutions
Slide 88: Next-generation product development of hardware and software
Medium Term Evolution of core products Next-generation product development of hardware and software • Expand the usage areas of Liberaware Co., Ltd.'s products by introducing new devices and software New product development Usage area expansion Next-generation IBIS Data center monitoring Instrument
Slide 89: National project: Drone solutions for railway industry inspection
Medium Term Acquisition of growth engines National project participation: Development of drone solutions for railway industry inspection • Selected for the theme "Technology development and demonstration contributing to the efficiency and labor-saving of railway facility maintenance and management"
Slide 90: National project: Drone solutions for railway industry inspection (subsidy)
Medium Term Acquisition of growth engines National project participation: Development of drone solutions for railway industry inspection • Research and development costs are covered by subsidies (100% subsidy rate), aiming to enter a market with high potential • In addition to JR East, which knows t
Slide 91: Notes regarding this material
Notes regarding this material • Forward-looking statements contained in this material (including, but not limited to, Liberaware Co., Ltd.'s business plans, market size, competitive situation, industry information, and growth potential) are based on Liberaware Co., Ltd.'s judgment and available info