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Investor Presentaiton

一期一会| ICHIGO Reference: Japan's Feed-In Tariff (FIT) What is a FIT? - - A policy mechanism to encourage investment in renewable energies by guaranteeing a fixed price for electricity over a 20-year contract period The fixed price for new contracts is adjusted every year, but locked in for the duration of the contract period Wind Power FIT Solar Power FIT Contract Date FIT Guarantee Period Contract Date FIT Guarantee Period FY2012 JPY 40 20 years FY2017 (4/1-9/30) JPY 22 20 years FY2013 JPY 36 20 years FY2017 (10/1-3/31) JPY 21 20 years FY2014 JPY 32 20 years FY2018 JPY 20 20 years FY2015 (4/1-6/30) JPY 29 20 years FY2015 (7/1-3/31) JPY 27 20 years FY2019 FY2020 JPY 19 20 years JPY 18 20 years FY2016 JPY 24 20 years FY2017 JPY 211 20 years FY2018 JPY 18 1 20 years FY2019 JPY 142 20 years Source: METI, Agency for Natural Resources and Energy O Ichigo Inc. All rights reserved. FIT for >2MW non-residential solar power production determined via auction process 2 Forecast FIT >0.5MW non-residential solar power production to be determined via auction process 64
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