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Investor Presentaiton

Business Net Sales (Quarterly Trend) Net sales grew significantly, increasing 53% YoY. Corporate recurring revenue*1 grew 49% YoY, driving the significant overall growth. Recurring revenue for sole proprietors also grew significantly. YOY 20 +53% (\mn) Recurring Revenue (Sole Proprietor) Recurring Revenue(Corporates) Net Sales from SmartCamp □ Non-recurring Revenue (YoY) 2,567 2,500 2,357 +216% 235 R&AC Co.,Ltd. which provides V-ONE Cloud joined the Group▾ 2,203 243 +48% 2,000 Smartcamp Co., Ltd. which provides BOXIL joined the Group 464 311 1,862 428 1,675 167 Price plan Changed 1,559 364 74 1,500 Knowledge Labo, Inc. which provides Manageboard joined the Group 62 322 314 1,159 1,235 251 1,000 Klavis Inc. which provides STREAMED joined the Group 96 69 919 833 853 1,609 +49% 1,459 715 63 1,317 599 140 533 74 477 886 937 1,039 1,083 1,170 401 500 354 722 272 60 663 487 536 582 435 206 251 300 341 0 49 63 71 76 82 97 105 110 119 134 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 204 203 206 204 203 212 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 227 259 +27% FY11/17 FY11/18 FY11/19 FY11/20 FY11/21 *1 * Recurring Revenue (Corporates) excluding the impact of acquisition of R&AC is ¥1,538 million, up +42% YoY. Recuring Revenue (Sole Proprietor) is the revenue from services for sole proprietors in Money Forward Cloud. Recuring Revenue (Corporate) is the revenue from services for corporates including Money Forward Cloud, STREAMED, Manageboard, V-ONE Cloud, and Money Forward Certified Membership.
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