Financial Results for the Fiscal Year Ended March 31, 2021

‐Key points of Full-Year Financials

… 3

‐ Consolidated Statement of Profit and Loss

… 4

FY2020

‐ Factors that affect Operating Profit

… 5

Financial

‐ Consolidated Financial Results

… 6

Results

‐ Consolidated Balance Sheet

… 8

‐ Consolidated Cash Flow

… 9

2. Forecast of Consolidated Financials for the FY2021

… 10

3. Shareholder Return

… 11

Effort to keep

1.

Potential to Further Grow

… 32

2. Solution to community-oriented social

Core Values

challenges： Consulting case example

… 33

Alive

3.

Company-wide effort for sustainable growth

… 35

1.

Management Consulting Business

… 13

‐Track Record of consulting services by industry

/ function

… 16

‐Aiming for sustainable growth & corporate

value enhancement

… 17

‐Policy of M&A Consulting business

… 18

‐Performance of M&A Consulting

… 19

‐ History of International Consulting

… 21

2.

Real Estate Consulting Business

… 22

3.

Education & Training / FP Related Business

… 25

4.

Investment / Fund Business

… 28

Public

1. Public Relations Activity

… 39

‐Seminars

… 40

Relations

‐Reports on cross-border markets

… 41

1.

Company Overview

… 43

Reference

2.

Organizational Structure

… 44

:Company

3.

Domestic and Global Business Locations

… 45

Profile

4. Global Network

… 47

5.

Line of Business

… 48

FY2019

FY2020

Y o Y

Consolidated

Consolidated

%

Results

Results

Summary

Net Sales

13,576

15,315

＋12.8%

Gross Profit

11,879

11,859

△0.1%

Operating Profit

2,208

2,252

＋1.9%

FY2019

FY2020

Y o Y

Consolidated

Consolidated

Y o Y

(%)

Results

Results

Net Sales

13,576

15,315

+1,739

+12.8%

Cost of sales

1,696

3,455

+1,759

+103.6%

Gross profit

11,879

11,859

△ 19

△ 0.1%

Selling, general and

9,670

9,607

△ 62

△ 0.6%

Administrative Expenses

Operating profit

2,208

2,252

+43

+1.9%

Ordinary profit

2,193

2,322

+129

+5.8%

Profit before income taxes

1,967

（※） 1,975

+7

+0.3%

Profit attributable to owners

1,233

1,394

+161

+13.0%

of parent

FY2020

FY2020

Consolidated

Consolidated

Forecast

Forecast

published on March

published on Nov. 6,

26, 2020(revised)

2020(initial)

15,100

13,950

-

-

-

-

-

-

2,100

1,400

2,130

1,370

-

-

1,170

700