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Investor Presentaiton

Consolidated balance sheets (JPY million) As of Mar. 31, 2019 As of Mar. 31, 2020 Change As of Mar. 31, (JPY million) 2019 As of Mar. 31, 2020 Change Total current assets 14,603 18,002 3,398 Total current liabilities 4,779 4,449 (329) Cash and deposits 7,630 Accounts payable- 11,653 4,022 2,416 2,154 (262) other Notes and accounts 4,536 4,172 (363) Income taxes payable 168 505 336 receivable-trade Accounts receivable- 1,636 1,511 (124) Provision for bonuses 709 587 (122) other Allowance for doubtful Provision for point (298) (205) 93 328 209 (119) accounts card certificates Other 1,099 871 (228) Other 1,155 993 (162) Total non-current 9,194 5,977 assets (3,216) Total non-current liabilities 314 259 (55) Property, plant and 1,163 844 (318) Total liabilities 5,093 4,709 (384) equipment Intangible assets 3,950 1,823 (2,126) Total net assets 18,704 19,270 566 Investments and 4,080 3,309 other assets (771) Equity 18,662 19,211 548 Total liabilities and Total assets 23,797 23,979 181 23,797 23,979 181 net assets GURUNAVI 7
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