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Investor Presentaiton

Business Back Office SaaS Potential Market Size Potential market size of back-office SaaS, Group's current area of focus, is estimated to be about ¥1.45 trillion*1. 84 Sole Proprietors Small Enterprise*2 E Medium Enterprise *2 Potential customers TAM*1 4.5mn ¥70 billion 1.5mn ¥144 billion 0.3mn ¥1.23 trillion *1 Created by Money Forward, Inc. based on National Tax Agency 2017 Survey, MIAC June 2016 Economic Census Activity Survey, MIAC 2017 Labor Force Survey. Total annual expenditure when the Group's all potential customers introduced Money Forward Cloud in Japan. The total number of potential customers is the sum of sole proprietors and corporates with less than 1,000 employees. *2 Defined as "Small enterprise" for a corporate with less than 20 employees, “Medium enterprise" for a corporate with between 20 and 999 employees.
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