Financial Results Presentation Q2

Financial Results Presentation Material 3 Financial Highlights -Consolidated Net Sales & Operating Income In addition to the steady growth of the three pillars, net sales increased mainly due to the impact of the change in accounting policy for new sales recognition of Mercari US. О Excluding the impact of the change in accounting policy, which was 5.9 billion JPY, sales in Q2 were 31.6 billion JPY (YOY +22%). Recorded a consolidated operating loss as a result of strengthening investment in marketing that will contribute to the future growth of each business. mercari Net Sales (Billion JPY) 37.5 YOY +44% 33.6 5.9 4.7 28.6 29.2 31.6 26.0 28.8 22.9 22.1 (Excluding the impact of the change in accounting policies) 20.3 18.4 YOY +22% 14.5 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY2020.6 FY2021.6 FY2022.6 Operating Income 3.6 (Billion JPY) 0.9 1.0 0.8 0.3 0.1 Q1 Q2 03 Q4 Q1 Q2 Q3 Q4 Q1 02 FY2020.6 FY2021.6 FY2022.6 -6.3 -6.8 -7.0 -2.6 1. Due to the adoption of the new sales recognition standards under J GAAP, as of FY2022.6 Q1-Q2 Mercari US shipping revenue and costs are to be calculated based on gross results instead of net results. Net sales increased mainly due to this change. The gross results for Mercari US are nearly double those of the net results. 13

View entire presentation