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Investor Presentaiton

Business Accelerated Acquisition of Paying Customers *1 21 The YoY net increase in paying customers in Q2 was 1.9x*2 for corporates and 3.1x*2 for sole proprietors, achieving significant acceleration. Paying Customers*1 (# of Paying Customers) Sole Proprietor Corporates 180,000 Q2 QoQ (Q1 QoQ) ARPA*2 (QoQ) Total +8.0% Acquisition of R&AC 166,597 (+8.5%) ▪Sole Proprietor Acquisition of R&AC 77,189 Corporates 80,587 80,598 +0.0% 160,000 154,261 80,000 75,032 71,082 142,214 68,337 69,413 135,178 140,000 70,000 128,569 123,617 +6.6% 117,644 78,682 120,000 (+5.9%) 60,000 73,813 69,713 100,000 $5,498 50,000 61,039 $8,523 42,537 43,864 44,630 44,306 -0.7% 39,488 40,571 39,456 $6,007 40,000 80,000 60,000 30,000 40,000 87,915 80,448 +9.3% (+11.0%) 20,000 61,637 65,094 67,530 69,680 72,501 13,274 13,139 12,378 11,992 11,821 11,640 11,827 +1.6% 10,000 20,000 *1 0 FY11/19 FY11/20 FY11/20 FY11/20 FY11/20 FY11/21 FY11/21 Q4 End Q1 End Q2 End Q3 End Q4 End Q1 End Q2 End 0 FY11/19 FY11/20 FY11/20 FY11/20 FY11/20 FY11/21 FY11/21 Q4 End Q1 End Q2 End Q3 End Q4 End Q1 End Q2 End Number of paying customer (Sole Proprietor) includes those subscribing services for sole proprietors in Money Forward Cloud. Number of paying customer (Corporate) includes corporates, accounting offices and their clients subscribing services for corporates including Money Forward Cloud, STREAMED, Manageboard, V-ONE Cloud, and Money Forward Certified Membership. The above figures do not include Smartcamp. *2 Net increase in number of customers was 2,516 for corporates and 2,436 for sole proprietors in FY20/11 Q2 (from March to May of 2020), and 4,869 for corporates and 7,467 for sole proprietors in FY21/11 Q2 (from March to May of 2021). *3 ARPA is 12 times the MRR of Business domain in the last month of each period (ARR) divided by number of paying customers.
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