Fiscal Year Ended March 31, 2022 Earnings Briefing

Fiscal Year Ended March 31, 2022

Earnings Briefing

April 28, 2022

Securities code: 2148 Tokyo Stock Exchange Prime Market

• This document has been translated from the Japanese original for the convenience of non-Japanese shareholders. In the event of any discrepancy between this translation and the Japanese original, the original shall prevail.
• Forward-lookingcomments appearing in this material, such as earnings outlooks, are based on information available when the material was created and include uncertainties. Actual earnings may substantially differ from the forecasts due to changes in various factors and business conditions.
• Items that could impact the Company's earnings are listed in the "Business Risk" section of the Securities Report (Yukashokenhokokusho) For the Fiscal Year Ended March

31, 2021. Please refer to that. However, it should be kept in mind that factors that could impact earnings are not limited to those listed in the Business Risk section. Risks and uncertainties include the possibility of future events that may have a serious and unpredictable impact on the Company.

• We have carefully prepared the information included in this material, but readers should be aware that we do not guarantee the accuracy or certainty of that information.
• This material is not provided to solicit investments. Decisions regarding investments should be made by investors themselves.
• The unauthorized use of this material and data are strictly prohibited.
• The Company voluntarily applied International Financial Reporting Standards (IFRS) starting with the 1Q FY16.
• For the fiscal year ended March 31, 2020, Knowledge onDemand Inc. was classified as a discontinued business because of the transfer of shares. Therefore, income and losses from discontinued businesses are given separately from continuing businesses in the Condensed Interim Statement of Income. Revenue and operating income are the monetary amount of continuing businesses. For the fiscal year ended March 31, 2019, a similar reclassification was carried out.

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Progress Toward Medium-Term Targets

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