Financial Results for the Fiscal Year Ended March 31, 2021

Highlights

Full-year results for

FY ended March 2021

Status by segment for FY ended March 2021

3-year management

policy for FY

ending March 2024

• The entire company achieved full-year profitability despite the impact of COVID-19.
• Operating profit exceeded the forecast, as the full-year forecast was met.

-Gross Merchandise Value : 9,294M JPY (+15% Year-on-year)

• • Operating income: 36M JPY (+344M JPY compared to the previous fiscal year, +26M JPY compared to the forecast.)
• GMV in the marketplace business accelerated further to 33% YoY in 4Q alone.
• • Significant growth in marketplace business with new client GMV +32%, existing client GMV +33%.
  • Negative impact of COVID-19 pandemic bottoms out in 4Q in managed services and tech agent businesses.

• Disclosure of the vision and 3-year management policy in response to the drastically changed market environment.
• • Focused investment in marketplace business, aiming for growth rate +40% level by 2024/3.
  • Targeting a CAGR of +30% in GMV in 3 years, GMV to exceed 20 billion JPY, and gross profit to increase to 4 billion JPY.
  • Established a high-growth,high-profit platform. Entering the profit expansion phase and returning to profitability in 3 years while continuing to invest.

Full-year earnings

forecast for FY

ending March 2022

• A year of focused investment in the marketplace business to lay the foundation for a growth rate of +30%. Total company-wide GMV rate is +15% due to selection and concentration.

- Investment focusing on development and marketing to expand new categories for marketplace business and diversify options for matching clients.

• Managed service business focusing on a flat-rate system with an emphasis on profitability and the growth rate is temporarily negative because of withdrawn contracts.
• Tech Agent business expected to recover to re-grow before COVID-19.