Slide 1: Third Quarter Ending June 2026 Financial Results
unerry Inc. (TSE Growth Section: 5034) Third Quarter Ending June 2026 Financial Results Presentation Materials May 2026
Slide 2: Summary
Summary Strong Recurring Revenue Base Drives Reacceleration in Revenue and Profit Growth l Performance: Record quarterly net sales of ¥ 1,527 M (+51% YoY). Financial 12-Month rolling revenue at ¥ 4,672 M (+34% YoY) showing sustained growth. Highlights l Revenue Base: Recurring customers grew to 176
Slide 3: Agenda
1. About unerry 2. Q3 FY2026 Results 3. Business Highlights 4. Blogwatcher Acquisition and Integration Appendix ┗ IR Event Updates ┗ Financial Information ┗ Business Model © unerry, Inc. 3
Slide 4: Global Top 10 Big Data Company From Japan
1．About unerry Global Top 10 Big Data Company From Japan Developing Consumer Behavior Big Data Number of Active Users Worldwide※ with Location Data at its Core Unit : mil Facebook 3,070 Surveys YouTube 2,530 Brand recognition NPS ¥28T ¥2.8T WhatsAp p 2,000 Purchase OOH 850M 850M ID-POS Credit Card I
Slide 5: Our Services: Analyze, advertise, personalize
1．About unerry Our Services Analyze, advertise, personalize. Cover all DX needs Big data on consumer behavior AI Analysis with 850 million IDs Profiling Real-Time Recommendations Transportation/ Situation Estimation Prediction of store likelihood AI BRAIN (1) Analysis (2) Advertisement (3) One to On
Slide 6: Data Volume Driving Non-Linear Growth Acceleration
1．About unerry Data Volume Driving Non-Linear Growth Acceleration 850M IDs creating "Data Gravity" to power 3 strategic engines and fuel non-linear growth Data Assets Product Innovation Market Expansion Generating a virtuous cycle where data scale Connected Services drive customer Becoming the essen
Slide 7: The Second Chapter of Growth: Entering the Scaling Phase
1．About unerry The Second Chapter of Growth: Entering the Scaling Phase Beyond steady accumulation, we will scale rapidly by expanding data, products, & markets Net Sales by Cohort for Recurring Customers ※1 Driving Leverage through Scale JPY mil. JPY mil. NRR ※2 ARPC ※3 3,726 growth by expanding pr
Slide 8: AI Vision
1．About unerry AI Vision Our goal: Building a "World Model" replicating the real-world via data and AI Infrastructure that AI Ready World Model understands, predicts & designs Behavioral Big Data （Ambient Intelligence） real-world behavior l All behavioral data spanning real and digital Creating "ano
Slide 9: Business Model for the World Model
1．About unerry Business Model for the World Model Deepening client AI adoption expands World Model applications World Model OS Client Enterprises Establishing Ontology Data Integration & AI Development for Human-AI Data Synergy for Continuous Evolution Strategic AI Utilization AI Optimization Demand
Slide 10: Index
INDEX 1. About unerry 2. Q3 FY2026 Results 3. Business Highlights 4. Blogwatcher Acquisition and Integration Appendix ┗ IR Event Updates ┗ Financial Information ┗ Business Model © unerry, Inc. 10
Slide 11: Financial Highlights
2．Q3 FY2026 Results Financial Highlights Net Sales （3Q） Strong Recurring Base Re-accelerating ¥ 1,527 million YoY +51 % Both Top-line and Profit Growth Net Sales - Sustaining double-digit growth across all services Strong growth in Advertisement service (+71%) and Analysis service (+40%), with a Gro
Slide 12: Net Sales: By Service
2．Q3 FY2026 Results Net Sales: By Service l Q3 revenue reached ¥1,527 million (+51% YoY), sustaining its strong growth trend. l Growth driven by new customer acquisition and cross-selling in Retail DX and Retail Media. Quarterly Trend YoY JPY mil. +51% ● Analysis New client surge in Retail DX via 1,
Slide 13: Net Sales: 12-Month Rolling Revenue
2．Q3 FY2026 Results Net Sales: 12-Month Rolling Revenue l 12-month rolling revenue, which removes seasonality to show underlying growth, recorded high growth of +34% YoY. l All three services continued to sustain healthy growth. 12-Month Trend YoY JPY mil. +34% YoY 4,672 Analysis 4,156 3,726 3,939 +
Slide 14: Net Sales: Recurring Customer Metrics
2．Q3 FY2026 Results Net Sales: Recurring Customer Metrics ※ l High stability maintained with recurring revenue accounting for 91% of total sales. l Recurring customers expanded steadily to 176 (+42 YoY), while maintaining a high annual ARPC of ¥25 million. Quarterly Trend JPY mil. Recurring Revenue
Slide 15: Gross Margin by Service
2．Q3 FY2026 Results Gross Margin by Service (Net Sales – Direct Costs) ※ l Gross profit margin decreased 6pt YoY. While Analysis service remained a core pillar (86%), the margin was impacted by a higher mix of Advertisement service and flexible use of external resources for large One to One Solution
Slide 16: COGS
2．Q3 FY2026 Results COGS l Direct cost ratio rose 6pt YoY to 47% due to sales mix changes and external resources for One to One Solution. l Indirect cost ratio fell 2pt YoY to 8%, reflecting successful infrastructure cost control despite significant data growth. Quarterly Trend JPY mil. ● Direct COG
Slide 17: SG&A
2．Q3 FY2026 Results SG&A l Overall expense growth was suppressed, improving the ratio to sales by 9pt YoY. l Labor and recruitment costs—the majority—remained limited due to hiring adjustments following M&A. Quarterly Trend JPY mil. ● Fees and professional 38% 36% 36% services 30% 29% 29% 32% 34% 25
Slide 18: Operating Income & Operating Margin
2．Q3 FY2026 Results Operating Income & Operating Margin l Operating profit jumped 85% YoY to ¥331 million, driven by growth in net sales and gross profit. l Q1 investments paid off, accelerating profit recovery in Q3. Both profit amount and margin reached record highs. Quarterly Trend JPY mil. 22% 1
Slide 19: Number of Employees
2．Q3 FY2026 Results Number of Employees l Headcount grew 8% YoY to 100. l No significant increase expected in H2 due to hiring adjustments following M&A. Quarterly Trend YoY +8% 103 98 100 93 91 83 75 72 67 68 60 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024∕6 2025∕6 2026∕6 © unerry, Inc. 19
Slide 20: Progress against Full Year Forecast
2．Q3 FY2026 Results Progress against Full Year Forecast l Sales on track (74%), but profit behind (79%) due to mix changes and One to One Solution outsourcing. l Monitoring progress carefully as full-year results depend on May performance and the finalization of fiscal year-end projects. Net Sales,
Slide 21: Index
1. About unerry 2. Q3 FY2026 Results 3. Business Highlights 4. Blogwatcher Acquisition and Integration Appendix ┗ IR Event Updates ┗ Financial Information ┗ Business Model © unerry, Inc. 21
Slide 22: Performance by Business Segment
3．Business Highlights Performance by Business Segment Business Net Sales YoY Q3 Evaluation & Outlook Retail & Food Service l New sales structure has taken hold, with acquisition and cross-selling on track. Retail DX l Growth driven by increased "Shopper Mieru" adoption and TV data-driven analysis/ad
Slide 23: Standardized Measurement Data for Japan's OOH Ads Through JOAA
3．Business Highlights Launched Standardized Measurement Data for Japan's OOH Ads Through JOAA Our proprietary data to be utilized for establishing industry-standard OOH measurement ● Selected Quotes From the Announcement The measurement data is generated using a unique estimation logic that integrat
Slide 24: Smart City: Private Sector Expansion Driven by Public Sector Track Record
3．Business Highlights Smart City: Private Sector Expansion Driven by Public Sector Track Record Business foundation stabilized and expanded via organizational enhancements in the prior year NEW Prefectures Nagano Tourism Promotion Examples of Initiatives Across Diverse Sectors 32 Tourist Behavior su
Slide 25: Global: Strengthened Partnership With GumGum
3．Business Highlights Global: Strengthened Partnership With Global Contextual Advertising Leader GumGum unerry technology powers contextual advertising in North America Service overview based on market and data relationships Global Service Japanese Companies Overseas Companies Measuring contextual a
Slide 26: FY2026 Key Initiatives: Progress and Identified Challenges
3．Business Highlights FY2026 Key Initiatives：Progress and Identified Challenges Progress Challenges (1) l Developing a major update for Beacon Bank AI Product Establishing Systems to Ensure l Utilizing external resources to ensure development Development speed Sustainable Growth l Increased coverage
Slide 27: Index
INDEX 1. About unerry 2. Q3 FY2026 Results 3. Business Highlights 4. Blogwatcher Acquisition and Integration Appendix ┗ IR Event Updates ┗ Financial Information ┗ Business Model © unerry, Inc. 27
Slide 28: Business Acquisition: Overview and Strategic Outlook
4．Blogwatcher Acquisition and Integration Business Acquisition | Overview and Strategic Outlook l Driving phased integration to establish Japan's largest location data platform. l Accelerating group value via an AI-ready foundation powered by integrated data and technology. Acquisition Overview Stra
Slide 29: Acquisition of Shares in Blogwatcher Inc.: Business
4．Blogwatcher Acquisition and Integration Acquisition of Shares in Blogwatcher Inc. | Business Purpose Empowering people and society through data-driven choices and ac7ons Business Leveraging Solution development through domain-specific Location data collection and utilization via Acquired Data data
Slide 30: Blogwatcher: Robust Strategic Assets
4．Blogwatcher Acquisition and Integration Blogwatcher | Robust Strategic Assets Acquisition secures unmatched advantage and revenue base in Retail DX and Smart City Data Scale of Up to 100M MAU Advertising & Analytics Solutions Established Client Base l Over 140 partner apps l Automated advertising
Slide 31: Index
INDEX 1. About unerry 2. Q3 FY2026 Results 3. Business Highlights 4. Blogwatcher Acquisition and Integration Appendix ┗ IR Event Updates ┗ Financial Information ┗ Business Model © unerry, Inc. 31
Slide 32: FY2027 Strategic IR Initiatives for Individual Investors
Appendix _ IR Event Updates FY2027 Strategic IR Initiatives for Individual Investors l From FY2027, we will transition our IR framework to deepen dialogue with individual investors, driving long-term value. l Diverse engagement opportunities will enhance accessibility and recognition, expanding our
Slide 33: Index
INDEX 1. About unerry 2. Q3 FY2026 Results 3. Business Highlights 4. Blogwatcher Acquisition and Integration Appendix ┗ IR Event Updates ┗ Financial Information ┗ Business Model © unerry, Inc. 33
Slide 34: Income Statement (Quarterly Period)
Appendix _ Financial Information % Change % Change (Unit: Thousands of yen) 2025/6 Q3 2026/6 Q2 2026/6 Q3 Income Statement YoY QoQ (Quarterly Period) Net sales 1,010,828 1,155,356 1,527,067 +51.1% +32.2% Cost of sales 511,900 764,634 846,461 +65.4% +10.7% Gross profit 498,928 390,721 680,606 +36.4%
Slide 35: Income Statement (Cumulative Period)
Appendix _ Financial Information (Unit: Thousands of yen) 2025/6 Q3 2026/6 Q3 % Change Change Income Statement (Cumulative Period) Net sales 2,744,689 3,691,409 +34.5% +946,719 Cost of sales 1,638,978 2,262,691 +38.1% +623,713 Gross profit 1,105,711 1,428,718 +29.2% +323,006 Gross profit ratio 40.3%
Slide 36: Balance Sheet
Appendix _ Financial Information (Unit: Thousands of yen) 2025/6 2026/6 Q3 Change Balance Sheet 2,391,539 2,761,344 +369,805 Current assets └ Cash and deposits 1,831,518 1,663,546 -167,972 (Cash and deposits, securities) └ Notes and accounts receivable - trade and 499,286 991,612 +492,326 contract a
Slide 37: Index
INDEX 1. About unerry 2. Q3 FY2026 Results 3. Business Highlights 4. Blogwatcher Acquisition and Integration Appendix ┗ IR Event Updates ┗ Financial Information ┗ Business Model © unerry, Inc. 37
Slide 38: Mission and Vision
Appendix_ Business Model Mission and Vision Our aim “A Global Leader” of a data ecosystem company that fuses the real and digital Mission Vision Creating a comfortable unerry, everywhere future with data © unerry, Inc. 38
Slide 39: Platform transforming real and digital actions into data
® A platform that transforms the real and digital actions of daily life into data through 850 million Digital Twin IDs, unerryが実現している世界 supporting DX across industries and regions. Retail, Restaurant, Brands Behavior Data AI Service Digital Space Based on in-store visit data from all Store Visit kin
Slide 40: Building Consumer Behavior Big Data that Fuses Digital and Real
Appendix_ Business Model Building Consumer Behavior Big Data that Fuses Digital and Real Location Big Data Consumer Behavior Big Data By combining location big data with diverse consumer data, Comprehensive location data capturing both outdoor unerry realizes integrated customer insights that bridge
Slide 41: Key Metrics of Beacon Bank
Appendix_ Business Model Key Metrics of Beacon Bank (June 2024 → June 2025) # of User IDs Annual Data Signals Reached an overwhelming scale including 240M in Japan Ultra-big data that surpasses large enterprises 420 million 850 million 1.0 trillion 1.9 trillion (Active user IDs as of June 2025 acqui
Slide 42: Business Model
Appendix_ Business Model Business Model Deploying 3 core services optimized for industry issues, powered by big data Markets Retail & Foodservice CPG Brands Real Estate / Government Overseas / Cross-Border Competitive Analysis Maximize In-store Decarbonization Sales Forecasting Digital Flyer Custome
Slide 43: Business Model: Recurring Revenue Model
Appendix_ Business Model Business Model: Recurring Revenue Model Annual recurring revenue for Analysis/One to One, with Advertisement scaling by store count (1) Analysis Cross- (2) Advertisement Cross- (3) One to One Solution Key Metrics Selling Selling (FY June 2025) l “Shopper Mieru” is a SaaS ser
Slide 44: Business Model: Customer ARPC can grow 130x
Appendix_ Business Model Business Model: Customer ARPC can grow 130x Starting small, then upselling (store expansion) and cross-selling drive higher LTV Case Study: Growth Path of a Retail Chain with 250 Stores Expansion to app / SNS based one to one delivery JPY 20.0 M/month 250 stores nationwide A
Slide 45: KGI and Business Breakdown of the Mid-Term Growth Strategy
Appendix_ Business Model KGI and Business Breakdown of the Mid-Term Growth Strategy Target: Achieve JPY 10 billion in net sales by FY2028 with CAGR +36% Net Sales Trend ● 4. Global Business Retail, Dining & Sports (Unit: million yen) ＋ Expansion of cross-border, inbound, and prediction services for
Slide 46: Mid-to-Long-Term Profit Structure
Appendix_ Business Model Mid-to-Long-Term Profit Structure Targeting 15 - 25% operating margin by optimizing indirect COGS and SG&A ratios Profit structure trend ● Direct COGS ratio Expected to remain relatively stable despite changes in service mix. ● Indirect COGS ratio 51.9% 49.5% 49.7% 49.8% Alt
Slide 47: FY2026 Key Initiatives
Appendix_ Business Model FY2026 Key Initiatives Strengthening profitability via AI products, new sales structure, and capital utilization Management Goals Strategic Pillars FY2026 Key Initiatives 1. Data Scaling Law Strategy Mid-term Build a platform where expanding the breadth Competitive Advantage
Slide 48: 90% of Economic Activity is through the Real World
Appendix_ Business Model Challenges We Are Solving Digital 9.8% 90% of Economic Activity is through the Real World Consumption ※ Much of the real world remains undigitized, making it unclear who is where Real 90.2% and what needs exist. Source: METI, E-commerce Market (2025.8) © unerry, Inc. 48
Slide 49: Japan has the greatest potential for significant transformation
3.8 5.8 2017 4.0 5.8 2018 3.5 5.9 2019 Appendix_ Business Model 3.2 6.6 2020 Source：IMD World Competitiveness Yearbook 2025 3.3 6.2 2021 3.2 6.6 2022 3.8 6.1 2023 4.2 6.2 2024 4.0 6.8 2025 Trends in major countries on a 10-point scale italy China Korea France United Japan Canada Australia Kingdom Ge
Slide 50: The World Enabled by unerry
Appendix_ Business Model The World Enabled by unerry Location-based Services Visualizing Seamless SALE NEWS COUPON STAMP PUSH Personalized coupons upon store entry Trade area analysis Fewer irrelevant flyers and less direct mail Instant news updates at the station Foot traffic analysis Relevant prod
Slide 51: unerry's Staff and Services power client growth
Appendix_ Business Model The World Enabled by unerry lDemand & production forecasting l Footfall & flow analysis Shopping Mall Automobile Dealer Beer Brand lGPS-based farming l Congestion visualization App user sales Vehicle sales Daily sales 10%⬆ 25%⬆ 33%⬆ lSmart agriculture l Digitalization of sto
Slide 52: Patented Technology
Appendix_ Business Model Patented Technology Building a shared beacon network across companies’ beacons. Core technology patents secured in Japan, U.S., and China Patent in Japan, U.S. Before Beacon Bank Solution and China*1 Retailer App Retailer Beacons Retailer App Retailer Beacons Map App Station
Slide 53: Privacy Protection
Appendix_ Business Model Privacy Protection Managing and securing privacy by using only consented data without identifying individuals Data Handling User Consent Third Party Certification • Location Data (ad IDs, latitude/longitude, • Data collected only from users who consent beacon responses, time
Slide 54: Electricity, Gas, Water – and unerry
Appendix_ Business Model Toward Becoming Global Infrastructure as Essential as Electricity, Gas and Water Our Position Social Mobile Platformers Media Retail & E-Commerce Media Carriers Apps Foodservice Apps Services ● ● ● vertical silos vertical silos vertical silos vertical silos vertical silos ve
Slide 55: TAM: Markets Across Industries Continue to Show Significant Growth Potential
Appendix_ Business Model TAM: Markets Across Industries Continue to Show Significant Growth Potential Retail DX Market Retail Media Market Smart City Market lGlobal expansion of industrial lPhase-out of third-party cookies lEnergy & transportation issues and business digitalization (DX) lConvergence
Slide 56: Disclaimer
Disclaimer This document contains forward-looking statements. These statements are based only on information that is available at the time the statements are made. In addition, these statements do not constitute a guarantee of future results. They are subject to risk and uncertainty. Please note tha