Investor Presentaiton

X Net Sales from Money Forward X Net sales increased 38% YoY. Both recurring and non-recurring revenue reached record highs. (\mn) IRecurring Revenue Non-Recurring Revenue 600 500 453 441 YOY +38% (YoY) 607 400 330 357 444 +41% 300 263 250 300 235 316 244 202 197 173 178 223 200 105 126 117 125 170 150 123 102 100 65 95 103 94 44 97 118 42 71 54 23 49 55 64 71 79 19 84 82 82 79 84 93 99 107 112 125 139 153 155 163 +31% 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY11/17 FY11/18 FY11/19 FY11/20 FY11/21 * Non-recurring revenue from initial development are recorded at the time of acceptance by clients, and not necessarily at the time of service launch. 39

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