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Investor Presentaiton

1H Results in Key Segments Solar Panel Manufacturing Business (VSUN) Increased net sales and segment profit significantly Exceeded solar panel sales expectations in Europe and US Less congestion in regional ports and harbors improved shipping conditions Raised prices and container shipping rates declined after reaching a peak →> Improved profitability Net sales Segment profit Abalance 1H FY06/22 1H FY06/23 22.7 0.2 YoY 107.4 Approx. 4.7x 4.6 Approx. 20.7x (Billions of yen) Change Vietnam Sunergy Joint Stock Company (VSUN) +84.7 +4.4 Green Energy Business (WWB, VALORS) Promoted recurring revenue business (in-house ownership) Acquired a solar power plant in Ibaraki Prefecture (expected revenue in initial year: approx. 350 million yen) Started operation of Kamisu Solar Power Plant (Ibaraki Prefecture) Worked on non-FIT projects as a PPA operator (Billions of yen) 1H FY06/22 1H FY06/23 YOY Change Power plant and 2.6 2.8 +10% +0.2 product sales Electricity sales 1.0 1.6 +53% +0.6 and O&M revenue [WWB Kamisu Solar Power Plant] Net sales 3.6 4.4 +22% +0.8 Segment profit 0.6 0.9 +51% +0.3 Copyright © 2023 Abalance Corporation 6
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