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Investor Presentaiton

Quarterly sales data (consolidated) FY2019 FY2020 FY2021 FY2022 Net sales (Unit: JPY million) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Cumulative retained services a 6,014 5,978 6,093 5,823 1,350 3,148 3,250 2,730 2,320 2,131 1,928 2,030 1,891 1,896 2,015 2,059 Spot services b 967 1,021 1,511 995 125 412 1,750 515 260 369 681 268 376 268 266 206 C= Restaurant promotion services 6,982 6,999 7,605 6,819 1,475 3,561 5,000 3,245 2,581 2,501 2,610 2,299 2,267 2,165 2,282 2,266 a+b Promotions d 118 179 200 293 133 317 1,033 653 218 208 493 440 225 317 347 391 e= Core businesses total 7,100 7,178 7,805 7,113 1,608 3,879 6,033 3,899 2,799 2,709 3,104 2,739 2,493 2,482 2,630 2,657 c+d Related businesses f 451 433 461 382 174 160 184 239 235 360 354 548 459 429 461 681 Total g= e+f 7,551 7,611 8,267 7,495 1,783 4,040 6,217 4,139 3,034 3,070 3,458 3,288 2,953 2,911 3,091 3,339 FY2019 FY2020 FY2021 FY2022 (Unit: JPY) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Restaurant promotion services revenue h*1 39,227 39,557 42,961 38,449 8,878 23,486 31,367 19,224 15,628 14,442 14,298 12,892 13,263 14,164 16,600 17,101 per restaurant(ARPU) Cumulative retained services. *2 34,872 35,071 revenue per restaurant(ARPU) 35,924 34,547 8,617 22,136 23,064 19,657 17,631 15,838 13,687 14,724 14,646 16,585 19,347 20,177 *1) Sum of sales of cumulative retained services and those of spot services devided by the average of number of total paying member restaurants at previous and current quarter-end h=2/3*c/(jt-1+jt) *2) Sales of cumulative retained services devided by the average of number of member restaurants with monthly-type fee contract at previous and current quarter-end i=2/3*a/(kt-1+kt) The deviation from figures disclosed before the first quarter of fiscal year 2021 is due to a recalculation based on the number of member restaurants with monthly-type fee contract defined in Note 3) Number of member restaurants (Unit: restaurants) Total paying member restaurants Member restaurants with monthly-type fee contract FY2019 FY2020 FY2021 FY2022 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 j 59,007 58,951 59,067 59,173 51,640 49,469 56,805 55,763 54,342 61,107 60,614 58,286 55,699 46,222 45,450 42,909 k*3 57,027 56,612 56,469 55,910 48,580 46,256 47,694 44,917 42,830 46,904 47,050 44,906 41,195 35,052 34,406 33,656 *3) Restaurants using the fixed monthly fee service (regardless of whether they have a paid listing contract on the Gurunavi site) "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) have been applied from the beginning of the fiscal year 2021. There is no change in presentation to the figures for previous years. GURUNAVI 39
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