Financial Results Presentation for the 3rd Quarter of Fiscal Year Ending July 31,2022

Financial Results for the 3rd Quarter of

Fiscal Year Ending July 31, 2022

RAKSUL INC. (TSE PRIME: 4384)

June 10, 2022

Quarterly Financial

Summary

Company

wide

Raksul

Novasell

Hacobell

Revenue +32.9% YoY, Gross Profit +36.1％ YoY, EBITDA (non-GAAP) JPY 560MM

• Consolidated accounting introduced from 3Q. Growth accelerated with the contribution of DANBALL ONE. Inc. ("DANBALL ONE")
• Achieved highest quarterly EBITDA
• While the medium-term growth momentum continues, we are shifting to a "Quality Growth" phase with further focus on profit and cashflow generation

Raksul Business Segment ("Raksul"): Revenue +40.8% YoY, Gross Profit +58.2％ YoY

• Growth accelerated with the inclusion of DANBALL ONE's results to the segment
• Gross margin reached record high (30.3%), driven by pricing of organic businesses

Novasell Business Segment ("Novasell"): Revenue -25.5% YoY, Gross Profit -37.5% YoY

• Both revenue and gross profit decreased YoY as demand from startup companies weakened resulting from changes in the financing environment. Gross profit is expected to bottom out in 3Q, and no impact on the medium-to-long term momentum
• Strong growth in SaaS business (Novasell Analytics) as well as launch of a new SaaS product (Novasell Trend)

Hacobell Business Segment ("Hacobell"): Revenue +32.6% YoY, Gross Profit +16.5% YoY

■ Steady growth in revenue continues. Gross margin rose to around 15% and segment losses are on a shrinking trend

■ The segment will be transferred to a newly established joint venture ("JV") with Seino

Holdings Co., Ltd., and RAKSUL INC.'s shareholding ratio of the new JV will be 49.9%

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1. Company Overview
2. Company Split of Hacobell Business Segment and Establishment of a Joint Venture
   with Seino Holdings Co., Ltd.
3. Financial Highlights
4. Revision of the Full-Year Consolidated Forecast and Financial Targets and Policies
5. Q&A
6. Reference Materials

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Company Overview

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