3649

Financial Results Briefing
FINDEX Inc.
Fiscal Year Ending December 2021 Financial Results
August 2021

🄫2021 FINDEX Inc.

Agenda■FY2021 Q2 Financial Results■FY2021 Full Year Outlook■News Releases■Vision for 2025
■The Others
🄫2021 FINDEX Inc.

FY2021 Q2 Financial Results

🄫2021 FINDEX Inc.

FY2021 Q2 Year to year Comparison（Consolidated）
・ The first quarter of 2020 had a higher profit structure than usual due tohospitals spending their budgets on COVID-19.
→ Therefore, this quarter’s performance was negative compared to the same
period last year but exceeded the initial forecast.
・In 2021, large hospital installation projects that were scheduled for the second
half of the year were accelerated.
→Sales in the first half of the fiscal year exceeded the initial forecast.
Based on the above two points, the current quarter is performing well against the
full-year forecast.
（¥ Millions）

FY2020 Q2
Actual（Consolidated）

FY2021 Q2Actual（Consolidated）

Year-on-year
ratio

2,260

2,405

106.4 ％

109.5％

Operating Income

552

488

88.4 ％

122.2％

Ordinary Income

555

505

91.0 ％

126.2％

Profit Attributable to
Shareholders of Parent

375

340

90.7 ％

123.8％

14.67

13.30

－

－

Net Sales

Earning per Share（yen）
🄫2021 FINDEX Inc.

Relative tobudget3

Results by Segment (Consolidated)（￥Millions）

Reportable Segment

Sales to external customer
Intersegment sales /transfer amount
Total
Segment profit or loss
（operating income）

Adjustment
(*1)

Total
（consolidated)(*2)

SystemDevelopment

Health-tech

2,388

16

－

2,405

1

－

-1

－

2,390

16

-1

2,405

601

-112

－

488

*1. Adjustment amount is due to elimination of intersegment sales.
*2. Segment profit or loss is matched with operating income in the consolidated statement of income.

🄫2021 FINDEX Inc.

4

FY2021 Q2 Our Customer
Number of System Users at the End of Q2 2020 vs. Q2 2021
（Number of facilities）

Scale

FY2021Q2

FY2020Changes*

Large hospitals（More then 500 Beds）

256

255

-1

Medium sized hospitals（100 to 499 Beds）

570

583

13

Small hospitals（20 to 99 Beds）

132

132

0

1,166

1,181

15

Other medial-related facilities

55

54

-1

Non-medical facilities

13

19

6

Community-based comprehensive care

20

24

4

2,212

2,248

36

Clinics（0 to 19 Beds）

Total*The growth is the net increase in the number of new users (Include classification changes),and in addition to these, there are system updates.
🄫2021 FINDEX Inc.

5

Our Market ShareAn Overwhelming Market Share of

78.5％
in National University Hospitals
導入ユーザ数の推移
Changein the Number of
FINDEX users
2,000

Market share inlarge hospitals with ＝ 63.6％
more than 500 beds

Other hospitals
and clinics

Over 1,800

1,500

1,000

500

0

2016
2016年末2017
2017年末20182018年末2019
2019年末2020
2020年末大学病院
その他総合病院等
診療所■Univ.
Hospitals■General Hospitals■Clinics

🄫2021 FINDEX Inc.

（as of June 2021） 6

Environment around Our Distributors（¥ Million）

5,000（Number of contracted distributors）
Net Sales
Sales to Distributors

4,000

40

Operating Income

Number of major Distributors

30

3,000

20

2,000

10

1,000

0

0
FY2017FY2018FY2019FY2020

FY2021（Consolidated）（Consolidated）（Consolidated）（Consolidated）

Forecast（Consolidated）

Expand business performance and develop high-margin business
🄫2021 FINDEX Inc.

GAP (Gaze Analyzing Perimeter) Business - Updates

Domestic

Overseas

Demonstrations ongoing via
contracted distributors

Applied for MDR*2 in EU•

Approval procedures slowed down due to
Covid-19•

The Number of Units Sold＝８(GAP-Screener/GAP)•

1/3 of eye clinics are our system users⇒ Has access to effective sales channels•

CE mark (EU standard compliant) alreadyobtained•

Temporarily suspended demonstrations toaddress fogging up issues⇒ Already solved and resumed (see page 10)•

Contracted with an exclusive distributor inJapan, and secured export routes and local
sales network ⇒ Number of local dealers:
EU: 33, Middle East & Africa: 23

Further researches underway with
Kyoto University••

Selected by AMED* 1 as a collaborative project for
medical-industrial collaboration and AI
implementation, with a total budget of JPY 260
million for 5 years.
Useful not only as a perimeter but also for detecting
MCI (early-stage dementia), other psychiatricdisorders and brain diseases.

*1 AMED: Japan Agency for Medical R&D

Formulating sales strategies
for other regions•

Negotiating with other corporations forcollaborations to build sales networks•

Sales in China, India and ASEAN region⇒ utilize credibility from Japan and EU•

Sales in Americas 1⇒ developing process for FDA approval*2 MDR: Medical Devices Regulations

Both sales and further R&D are smoothly progressing as there are strong
expectations for this newly developed patented perimeter.
*There are some project delays due to Covid-19 related restrictions.
🄫2021 FINDEX Inc.

8

GAP Business - New Challenges for COVID-19
Eliminates lens fogging caused by wearing a mask, which became a habit in
the COVID-19 era. This enables safe, reliable, and accurate testing evenwhile wearing a mask
Before COVID-19
No expectation ofwearing a mask
for testingNew
Challenges for
COVID-19

Solution

After COVID-19
COVID-19
Pandemic

Wearing masks is now required in hospitals.
It is recommended that examiners
perform tests with masks on

Tightly wearing the head-mounted display (HMD) creates a dark room,
resulting in fogging of the lens during the test due to breathingleakage from the mask

Outside air is also drawn in, allowing the examinee
to perform the test while wearing a mask

It is effective not only when wearing a mask,
but also when sweating in the summer andwhen the temperature changes in the winter
🄫2021 FINDEX Inc.

Small fanscirculate the air

Two small fans are installed on the mounting
surface to release internal moisture.

Releasingmoisture
accumulated in
the HMD
9

FY2021 Full Year Outlook
Growth of new segmentson the background of stable growth
in medical system development

🄫2021 FINDEX Inc.

2021 Forecast (Consolidated）• Aggressive business expansion with the establishment of two
additional locations and a new group company• Starting sales of GAP in April 2021, with plans to sell more than
100 units（¥ Million）

2020
Actual（Consolidated)
AmountNet Sales

2021
Forecast（Consolidated)
AmountYoY ratio

4,004

4,600

+14.9%

Operating Income

636

1,010

+58.7%

Ordinary Income

643

1,010

+57.0%

Profit Attributable to Owners of Parent

430

700

+62.6%

16.81

27.34

－

Interim Dividend (yen)

2.50

2.50

－

Year end Dividend（yen）

5.50

5.50

－

Full year Dividend（yen）

8.00

8.00

－

Earning per Share (yen)Dividend per Share (plan)

🄫2021 FINDEX Inc.

11

製品別 売上高予測
2021

2020
Consolidated

Claio

Consolidated

DocuMaker

C-ScanMoveByNet Sales
4,004 Mio Yen
Direct 79.4%
Distributor 20.5%

Operating
Income636 Mio Yen

REMORAOEM

Net Sales

4,600 Mio Yen

Radiology
放射線
Non-Medical
医療以外
GAP

HardwareハードウェアMaintenance
メンテナンスOperating
Income1,010 Mio Yen

ライセンス
Licenseその他
Others
連結子会社
EMC

🄫2021 FINDEX Inc.

12

Initiatives in 2021
Generate Steady Profit from HealthTech BusinessAccelerate transformation to cloud for medical systems•

MedicalSystems••

OfficeSystems••

HealthTech
🄫2021 FINDEX Inc.

•

Contributing to the development of ICT in medical institutions and the deliveryof efficient medical services
The impact of COVID19 will change the way systems are used in the future⇨ Aiming to make all products available in the cloud,start selling a monthly subscription model
Rapid growth in the volume of installations, including large-scale
implementation at national centers
Efficient sales development through collaboration and existing medical
distribution network⇨ Increase in inquiries from hospital back offices,
small and medium-sized municipalities and corporations.
Start Selling GAP in Domestic Market in April and Full-Scale Launch of Visual
Field-Testing Business
Enhancing approaches to medical data analysis and AI diagnostic support⇨ Collaborating with Fitting Cloud to develop a new business utilizing
healthcare data
13

News Releases
Our Vision for 2025

🄫2021 FINDEX Inc.

Business Overview and Future Outlook
We will contribute to build a society in which all people
around the world can lead healthy lives
Equitable HealthCare Services

2011-2020■ Active investment in researchand development■ Acquisition of technology andknowledge

🄫2021 FINDEX Inc.

Effective Useof ICT

2021-2025■ Utilize our refinedtechnologies andknowledge through R&D

Early Detectionof Diseases-2030■ Enrich oursociety- Accumulation- Execution- Execution

MedicalSystems

OfficeSystems

HealthTech

Hospital

Document/
Workflow

Personal/
Business
15

Business Targets for the Next 5 Years（Consolidated）(￥Millions)
12,00010,80010,000

8,500
8,000
7,000
6,000

5,600

4,900

4,600
3,400

4,000
2,400
2,000

1,600
1,010

0
FY2021

FY2022

Medical
医療システム
Systems

🄫2021 FINDEX Inc.

FY2023

Officeオフィスシステム
Systems

FY2024

HealthヘルステックTechFY2025

Operating
経常利益
Income16

Key Strategies 2021-2025
Build a service supply chain to rapidly penetrate new markets withcompetitive R&D assets across all business segments
Promptly roll out cloud-based hospital information systems to existing users andprovide a new billing model to small and mid-sized hospitals.
Developing a "medical support cloud service" that connects hospitals with existing
systems and patients.
Securely manage the accumulation of medical data in compliance with the Next
Generation Medical Infrastructure Act and the Personal Information Protection Act.
Building a data business to support drug discovery and therapeutic development.

•

MedicalSystems••••

OfficeSystems•••H e a l t h Te c h••

🄫2021 FINDEX Inc.

Selectively devote all DocuMaker Office resources on local governments andpublic corporations.
Invest maximum amount of marketing resources in " Approval and Document
Management Systems" to raise market awareness.
Targeting early market leadership through multifaceted development with major
manufacturers having sales channels to local governments and mid-sized
system vendors having networks in each local area as partners.
Invest 80% of R&D resources in GAP (Gaze Analyzing Perimeter) and expand
product value and sales channels by adding functions and localizing the productfor overseas markets.
In addition to the early penetration into ophthalmic medical institutions via
domestic ophthalmic medical device dealers, we will create a new market for
medical examinations.
Establish a market in EU, USA, ASEAN, CHINA, and INDIA by collaborating withcompanies having strong connections to overseas markets.
17

Initiatives in the Medical Systems by 2025
Realize a seamless society by linking external services associated withmedical services by utilizing our in-hospital information systems
•

•

•

•

Making telemedicine moreaccessible - Aiming for acommunity where people
receive high-quality medical
services regardless of where
they are.
Digitalization in medical
institutions contributes toaddressing environmental
issues.
Contribution for digitalizing
prescriptions, smoothprescribing, and R&D on drug
discovery.
Collaborating with various
infrastructures, from making
appointments to selecting
transportation to/from
hospitals.

Targets for Medical
System Sales(¥ Millions)
8,000

6,900

7,000

5,800

6,000
5,000

4,430

4,700

5,200

4,000
3,000
2,000
1,000
0
FY2021 FY2022 FY2023 FY2024 FY2025
Data services

データサービス（他社協業）(collaboration with other companies)
ヘルステックサービス（子会社含む）
Cloud Services (including subsidiaries)
保守サポートMaintenance Support
Hospital
Information System
病院情報システム

FINDEX provides patient consultation support via cloud computing system
Alliances with various companies to support hospitals and patient care cycles
🄫2021 FINDEX Inc.

18

Initiatives in the Office Systems by 2025
Document management systems with a proven track record in large hospitals Delivering great usability and reliability to a variety of industries
Office System Sales Targets(￥ Millions)• The market environment for approval andledger management systems in small andmedium-sized municipalities is favorable due
to high demand and low competition.
• Paperless and stamp less work environment
leads to more efficient day-to-day operations.
(telecommuting is also available)• Since the platform is shared with the medicalversion, it can be sold at a low price, but at
the same time, it has a lot of experience interms of functionality and stability, so smooth
implementation can be expected.

700
600

600
500
400

400
300
200

200
100

20

70

0
FY2021

FY2022

FY2023

FY2024FY2025*Business Market
1,718 cities, towns and villages in Japan (Cities: 792 Towns: 743
Villages: 183)
Source: Ministry of Internal Affairs and Communications

Local Government Digital Transformation Promotion Plan (Jan. 2021 - Mar. 2026)
The Ministry of Internal Affairs and Communications (MIC) has allocated a budget of approximately 3.8 billion yen
for local government Digital Transformation (DX) in 2021
This is about five times more than the initial budget for 2020.
The government encourages electronic approval and paperless management of administrative documents
Actively promoting implementation and sales through partners
In addition to the medical field, which is experiencing stable growth,Make the business for local governments a segment with growth potential
🄫2021 FINDEX Inc.

19

Initiatives in HealthTech by 2025
Improve access to healthcare on a global scale and contribute to thedevelopment of preventive medicine through our unique and latest technology
GAP - Shipping Volume Index•

Joint research with Kyoto
University for over 5 years Implemented a new method foreasy and quick perimetry.

•

Completed medical device
registration and earned positive
reputations at both domestic andinternational conferences.

•(Units)

3,500
3,000
2,500
2,000
1,500
1,000
500
0
FY2021

Domestic
Hospitals

国内病院

Comparing to existing perimetry- Smaller and more affordable,
takes less time.

Aim to set a new standard of
perimetry that can diagnose
various diseases with a single test.

FY2023

FY2024

Over

検診
Community Clinics

海外
-seas

FY2025

Health Care Centers

GAP - Numerical Targets(¥ Millions)

4,000⇨Boosts the number of screening
aa and improves early detection rate.
•

FY2022

3,300

3,000

2,250

2,000
1,000

GAP：Gaze Analyzing Perimetry
Medical Device Manufacturing and Sales
Authorization Number：38B2X10003000002

0

1,600
820
150
FY2021

FY2022

Domestic
国内病院
Hospitals

FY2023

Over
海外
-seas

FY2024FY2025

Health Care Centers
検診
Community Clinics

FINDEX is the owner of the patent for technologies applied to GAPAiming to launch worldwide with competitive advantages
🄫2021 FINDEX Inc.

20

News Releases
Other New Topics

🄫2021 FINDEX Inc.

News Releases – Other New Topics⚫ Newly opened 2 branches• Kyoto Branch（April 2021）：Established as our second branch in
Kansai area to accelerate sales targeting medical institutions and local
governments. Also functions as R&D hub.
• Niigata Branch（May 2021）：Established to develop marketing plans
and extend sales Hokuriku area.

⚫ Fitting Cloud Inc. started from April 2021
• Provides network storage services to Kyoto University Hospital (PrimaryService Provider: Google Cloud Platform)• Develops cloud system foundation for AMED and academic organizations.
⇒ Services started in July, contracted with the primary service provider.

⚫ Started partnership with a well-known global corporation
KONICA MINOLTA, Inc.
• Our “DocuMaker Shelf” as a part of KM’s product ranges to accelerateand support digitalization in local governments.
🄫2021 FINDEX Inc.

22

Appendix■ Corporate Profile■ Basic information■Medical System■Office System■Health Tech

🄫2021 FINDEX Inc.

Corporate Profile

🄫2021 FINDEX Inc.

Corporate Profile

As of June 30, 2021

Company Name

FINDEX Inc.

Representative

President & CEO Teruo Aibara

Head Office

Asahiseimei-Otemachi 2-6-1, Otemachi, Chiyoda-ku, Tokyo 100-0004, Japan

TEL: +81-3-6271-8958

FAX: +81-3-6271-8959

Other Branch Offices

Shikoku, Osaka, Fukuoka, Sapporo, Naha, Niigata, Kyoto

Subsidiary

Eagle Matrix Consulting Co. Ltd. ・ Fitting Cloud Inc.

URL

https://findex.co.jp/en/index.html

Capital

254 million yen

Employees

🄫2021 FINDEX Inc.

289（Consolidated: 297 As of December 2020）*includes 10 part-time (10 consolidated)25

Basic Information on Business Segments
Medical Systems

🄫2021 FINDEX Inc.

Our Powerful Solutions
Medical system solutions

Network Imaging System

Claio

Progress Note System

Document Management System

Electronic Medical Record

Radiological Image
Viewing System

RPA Tool

DocuMaker

Document Integrated
Archiving System

PDI Import/Export System

Imaging & Document Filing
System Package

Perinatal system

ClaioBOX

Gaze Analyzing Perimeter

Radiology
Information System

REMORA

🄫2021 FINDEX Inc.

HealthTech

Medical Document
Management System

C-NoteC-ScanBusiness solutions

PDI＋MoveBy

MapleNote

ProRad RISDocuMaker Office

ProRad Nadia

DigiWorker

Radiological Reporting
SystemScreen Based EAI Tool

ProRad RS

DocuMaker
Stress Check System

GAP

Vital Sensor

CALM-M

Data-Connector

27Market Size for Medical Systems
Our Key to Success:Implementation Rate at University Hospitals

500 Beds and Above:
401 institutions
Our Users：255 institutions
100-499 Beds:
4,954 Hospitals
Our Users：583 hospitals

University Hospitals

Large
Hospitals

Our Users／Total Number of
Public and Private Hospitals:

117／149 institutions（*including branches）

MediumSized
Hospitals

20-99 Beds: 2,945 Hospitals
Our Users：132 Hospitals
0-19 Beds：102,616 Clinics
Our Users：1,181 Clinics
Integrated community care product：18
🄫2021 FINDEX Inc.

Small Hospitals /Clinics（As of June 2021）

28

Strategy
University hospitals lead other hospitals

University hospitals
Reliability of products
being used at university
Hospitals
Having the same system
is convenient for doctors
Because of the highimplementation rate inuniversity hospitals,
other hospitals ask forour product naturally

Largehospitals
Medium-sized
hospitals

Small hospitals and clinics

🄫2021 FINDEX Inc.

Implement by direct sales
Implement by distributors（High profit margin)
Referral from a medical
school which thedoctors are graduated
Systems expand toaffiliated hospitals /medical office29

Sales Cycle of Medical System (Initial & Running Cost)
Medical systems are replaced every 5-6 years dependingon the server/PC’s life cycles⇒ Institutions are recently extending their system
renewals to every 6-7 years
Direct Sales by FINDEX

Sold by distributors/
alliance partners*Testbed of package development
University
hospitals
Large
hospitals

50%

Initial cost

JPY100-200 Mio*Excluding equipment

Aim at additional items
when renewing

Crossselling
initialcost

Maintenance fee
JPY7-15 Mio/Yr

5-6yrs6-7yrs
🄫2021 FINDEX Inc.

ofinitialcost

30%

Large hospitals
Midsize Hospitals
Small hospitals /clinicsofsupportcost

initialcost

renewal

Initial cost

JPY20-100 Mio（30％ of this amount is our
profit）*Excluding equipment

Maintenance fee
JPY7-15 Mio/Yr

5-6yrs6-7yrsCrosssellingrenewal30

Cross sell Strategy to Outdistance Competitors
Combined solution:
Separate purchases not necessary
Cost saving and User Oriented*Claio is acomputing platform

TOTAL JPY 190 Mio
Firm
CEndoscopy
systemSoftware125 Mio

Systems cooperation
function

JPY 30 Mio
Server storage

TOTAL JPY
Endoscopy
systemSoftware only

JPY 15 Mio

Obstetrics
medical record

Software only

JPY 30 Mio

Ophthalmology
medical record

Software only

JPY 30 Mio

basic Claio
Claio *Software
manage any kind of test data

JPY 50 Mio
Systems
cooperation
function

Serverstorage

Firm
B

Obstetrics
medical record

SoftwareFirm
A

Systems cooperation
function

Ophthalmology
medical record

Software

Systems cooperation
function

JPY 80 Mio
Server storage

JPY 80 Mio
Server storage*The most basic data filing feature of departments’ test data

Composition of Findex system
🄫2021 FINDEX Inc.

Composition of another company
31

Sales Channels and Business Forecasting Method
Timeline Model for a Businesswith Large Medical Institution

2021 forecast
2020/5

大規模
2020/7

中規模
小規模以下

2020/9非医療2020/10

ヘルステックMost of the sales come from large medical institutions
Since large medical institutions need large systems, projects areusually subject to international competitive biddings. In manycases, discussions with the candidate system developers start
more than a year before receiving orders.
Thus FINDEX uses a “quotation backlog” instead of an “orderbacklog” to make business forecasts for following years.

1-1.5 yrs

🄫2021 FINDEX Inc.

Submit a sample quotation
Reply to bid (purchase) specification
with references and opinions
Advertise for bid (purchase)

2020/12

Submit quotation to the systemmanufacturers who will place a bid

2020/12

Bidding (FINDEX bid through multiple
system manufacturers)

2021/01

Bid opening(winner is selected within a month)8m-1yrReceive an order2021/08(sales agreement signed by systemmanufacturers and medical institution)*When a purchase size is small, deal can be completed within a
few months.

Recent business negotiations consume more time

Introduction on FINDEX products andservices

2021/12

Recognize sales (system launch)32Basic Information on Business Segments
Office Systems

🄫2021 FINDEX Inc.

Office System Product Range
Document Management System: DocuMaker Office⚫ Derived from our well proven system in the medical field⚫ Already developed core parts: low risk & high profit margin⚫ Our targets are municipalities, Public corporations &medical institutions⚫ Digitalize approval process and documents organization

RPA tool : DigiWorker⚫ Productized with our original technology⚫ Provides office process automation tool at low cost

DocuMaker Stress Check System⚫ A system for stress check service providers⚫ Expanding our business mainly to large business operators,
medical institutions, and medical examination facilities
🄫2021 FINDEX Inc.

34

DocuMaker Office’s Markets
Mainly targeting local governments and medical
institutions where DocuMaker's strengths can be utilized.
Local gov. / public
service enterprise

Medical institutions
administrative
department

in any department•

Electronic approval•

Bookkeeping
management(drafting, receipt registration, etc.)

🄫2021 FINDEX Inc.

etc.

•
•
•

Workflow
Contract management
Hospital evaluation
correspondenceetc.

Electronic approval isrecommended by the state; more
local gov. are adopting a system

Due to changes in hospitalfunction evaluation requirements,
more hospitals is undertaking
document management

With the know how in medical field,
we built a user-friendly systemthat is different from otherproducts

We support the hospital’s entire
document management byextending the system well provenat clinical departments toadministrative department
35

RPA tool: What is DigiWorker?
RPA（Robotic Process Automation）
RPA is program/software to automate business operations, such as to collect, process and registerdata into system. As now more flexible and diverse work styles are available at many corporations,they are adopting this system to deal with workforce shortages and improve productivities.

Application examples:
Smooth Starting

Sharing Data

System can be activated with a single
click on the patient information opened in
the electronic medical record

Automatically transcribes informationfrom one system to another, with asingle click

Data Transfer

Data migration at low cost, without
depending on the current systemvendorFeatures⚫ DigiWorker has already been installed by many medical institutions, but thedemand is expected to grow further as RPA draws more attention.
⚫ We have deep knowledge of the operations in medical institutions - We will
actively deploy DigiWorker as a tool to improve operational efficiencies andreduce inter-system data migration costs.
🄫2021 FINDEX Inc.

36

Basic Information on Business Segments
Health Tech

🄫2021 FINDEX Inc.

Approaches with Our HealthTech

We collect and analyze various data withhigh-level technologies
Big Data in Cloud Storage

×AI

Generate
new value& business

PC, Smartphone, Tablet, Wearable Device
Visualfield
test

Medicalcare athome

Fatigue/sleep…

Fundamental Technologies：ICT, IoT, Robotics, Medical System, etc.
🄫2021 FINDEX Inc.

38

Perimetry Business

Visual Field Test
Establishing a new method of visual field test,
aim for early detection of visual field abnormalities

and create new business by utilizing big data.

Roll out the business from two aspects
Development ofa perimetry system● Built the world’s first perimetry system● Enabling the test not only at medical
institutions but also at health checkup
facilities

🄫2021 FINDEX Inc.

Collect & analyze visual
field defects data
● Distribute our system as a free app● Gathering visual field defects data from allover the world● Use the data for disease prevention, drug
discovery, and health management
39Perimetry System with a New Test Method

GAP

Gaze Analyzing Perimeter – Innovative Features
GAP

Existing Products

System judges examinee’s visibility automatically➡ Results are accurate and errors rarely occur

Examinees judge visibilities by themselves➡ Causes mistakes and misunderstandings

Takes only 3-5 minutes➡ Increases numbers of tests per day

Takes approx. 20 minutes➡ Prior bookings are essential to manage time slots

Space saving design➡ Can be used anywhere

Requirements and restrictions for installation➡ Bulky and heavy; Only sold to eye clinics

Examinee does NOT need to lock his/her eyes
➡ User oriented

Examinee needs to lock his/her eyes
➡ Difficult and complicated for kids and aged

Tests can be conducted without skills➡ Possibilities to be installed in other business formats(e.g. Optical stores)

Operators need to be trained and skilled➡ Tests need to be conducted by orthoptists *1

Applicable to detect not only retinal diseases but also
MCI (Mild Cognitive Impairment) and mental disorders➡ Further research ongoing for Neurologic diseases
and Dementia

Designed only to detect retinal diseases➡ Cannot be put to another use*1 Orthoptists are the only authorized operators to conduct visual field test in Japan.
40
🄫2021 FINDEX Inc.

Perimetry Test Equipment/System Market

Automatic perimeter market• Medical checkup facilities with eye exam
• Hospitals/clinics with ophthalmology• Eyewear chain stores

Domestic market size of the test equipment
Medical checkup facility ：~1,200 facilities ｘ￥1.5M = ~¥1.8 B（physical checkup ver.）Hospital/clinic：~6,000 facilities ｘ￥2M ＝ ~¥12 B（medical ver.）
Eyewear chain store：~2,000 stores ｘ￥500K ＝ ~¥ 1 B（If the market is ready）
Sales forecast based on the market share assumption in 5 years
Medical checkup facility 30％ ¥1.8 B
Medical institution
30％ ¥3.6 B
Eyewear chain store
20％ ¥200 M

Selling flow

FINDEX

Selling
2 mil

Distributers

Selling
3 mil

Hospital,
Medical check up facility
Glass wear store

The overseas market size is assumed to be approx.
90 billion yen, just the medical institutions alone
41
🄫2021 FINDEX Inc.

Rollout of Perimetry System Business

Commercializing our perimeter GAP andutilizing data in three steps
Phase 1

Phase 2Phase 3

Physical Checkup

Clinical Exam

Overseas

GAP installation for
physical checkup
facilities

GAP installation for
medical institutions

Introducing GAP overseas
Collecting global data fromvisual field tests

Phase 1• February 2019：GAP-screener Domestic medical device registration
completed, product launchedPhase 2• January 2019：GAP Domestic medical device registration completed

Phase 3• April 2021: GAP launched for domestic sales• Discussions on international sales strategies with other corporations

Remarks• Business with pharmaceutical companies and major eyewear
stores are under discussions

🄫2021 FINDEX Inc.

42

Collecting Global Data of Visual Field Disease by Cloud
Global data collection & analysis of visual
field test, including healthy people’s data

Provideapplication

Collect datafrom worldwide

Utilize Big Data for healthcare,
medical cost reduction,and drug discovery

By providing our system as an easy to use free application, we support
people’s health management, and also collect data through the app which
to be utilized as a Big Data for new business

Global data collection & analysis business ofvisual field test, which also includes healthypeople’s data
🄫2021 FINDEX Inc.

43

Image Analysis：Nap Monitoring System 「BABY-MONI」

Ceiling Mounted Monitors
Checking sleeping positions with AI technologies⚫ Capable of monitoring babies and preschoolers'
positions during nap times at nursery⚫ Easy start and easy removal⚫ No risk of accidental pediatric ingestion as
equipment fully attached to the ceilings

Awarded for BabyTech® Award Japan 2020 powered by DNP
🄫2021 FINDEX Inc.

44

“Wellness Passport” Health management services for COVID-19 prevention
Contactless Health Check & Identity Confirmation⚫ Each participant registers and manages his or her
own health data in advance.
⚫ At the event day, participants will be able to scan
the QR code to confirm their identity and recent
health data and take their temperature without
contact.
Possible usage scenarios• Sports and various event operators• Restaurant and tourist industry• Retailers• Local governments, etc.
With COVID-19 and After COVID-19, supporting
health management in public places＊Used at the Kujukuri Triathlon on October 11, 2020.
🄫2021 FINDEX Inc.

45

IoT Devices in Telemedicine / Healthcare

Wearable Vital Sensor CALM.
⚫ Tracking body motion and pulse wave byusing a wearable vital sensor developedby EMC Healthcare Co., Ltd.

⚫ Tracking one’s health conditions anddetect risks with telemedicine⚫ Good option for corporations to manage
health of their employees⚫ Comparison with competitor products:
Affordably priced, small sized, runs
longer and has better data analysis
technics

Contributes to telemedicine,
corporate and personal healthcare
🄫2021 FINDEX Inc.

46

Solutions
Health Insurance Data Analysis
Visualize health conditions and risks byanalyzing receipt data of health insurance
records and medical checkup results frompatients.

Medical checkup data

Demographic pattern

Pathological pattern

Medical cost estimate

Promote Home Care by Health
Information Management
Acquire/analyze sleep data and share analysis
results with home healthcare provider.

AI Model: AF (atrial fibrillation)
detection solution
Extract necessary information fromelectrocardiogram data with AI technologies
and accurately detect AF at high speed.
(Accuracy rate: 96.6%)

🄫2021 FINDEX Inc.

47

3649

Progressive Software Creators
Always have, Always will.

🄫2021 FINDEX Inc.