Investor Presentaiton

Growth of restaurant promotion services. GURUNAVI Focus on expansion of member restaurants in anticipation of further growth in restaurant promotion support business 240 220 200 Area expansion, i.e. sales increase is crucial Q4 FY2015 Q4 FY2016 Q4 FY2014 Q4 FY2013 Q4 FY2012 180 Q4 FY2011 Monthly revenue of Q4 FY2010 Restaurant Promotion Q4 FY2009 Service per restaurant 160 (Index based on JPY21,950 in Q4 FY2008 Q1 FY2005 as 100) © 2017 Gurunavi, Inc. 140 120 100 Q1 FY2005 Q4 FY2006 Q4 FY2005 Q4 FY2007 Monthly revenue of Restaurant Promotion Service per restaurant L Due to our strategic expansion into regional areas, we are seeing an increase in new member restaurants, which tend to start with smaller monthly contracts. L Cumulative retained services fell 3Q 4Q (see previous slide) Number of Member Restaurants L 7% increase YoY (about 4,000 restaurants) *Over 40% of which were net increases by newly established sales offices L Looking ahead, we will approach these new member restaurants with upselling proposals. 0 100 120 140 160 180 200 220 240 Number of Member Restaurants (Index based on 27,050 restaurants in Q1 FY2005 as 100) CO 6

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