The following information was originally prepared and published by the Company in Japanese as it contains timely disclosurematerials to be submitted to the Tokyo Stock Exchange. This English translation is for your convenience only. If there is any
discrepancy between this English translation and the original Japanese version, please refer to the Japanese version.

Summary of Financial Statements for the Third Quarter of the
Fiscal Year Ending December 31, 2023 [IFRS] (Consolidated)
November 9, 2023
Broadleaf Co., Ltd
Stock listing:
Representative:
Scheduled date of commencement of dividend payout
Earnings Supplementary Explanatory Documents
Earnings Results Briefing:

Prime Market of Tokyo Stock Exchange
Kenji Oyama, Representative Director and President‐
Yes
Yes (For institutional investors and analysts)(Amounts of less than JPY one million are rounded)
1. Consolidated Financial Results for the 3Q FY2023 (January 1, 2023 to September 30, 2023)(1) Consolidated Operating Results (Cumulative)(Percentage below represents increase (decrease) from the same period of previous year)
Revenue

Operating profit

3Q FY2023

Millionsof yen11,249Millionsof yen11.7-1,5223Q FY2022

10,067-33.7

Millionsof yen-1,485%%-1,863

Basic earnings per share

Profit before tax-

Millionsof yen-1,062Millionsof yen-1,028%-1,914

Profit attributable to Total comprehensive
owners of the parent
incomeProfit-Millionsof yen-948%-1,438-%-1,433-%--1,376-

Diluted earnings per share

Yen

Yen

3Q FY2023-11.60-11.603Q FY2022-16.23-16.23(2) Consolidated Financial Position
Total assets

Percentage of equity
attributable to owners of theparentMillions of yen%

Equity attributable to ownersof the parent

Total equity

Millions of yen

Millions of yen

3Q FY2023

36,16422,854

22,83763.1

FY202233,53523,662

23,63270.5

2. Dividend Status
Dividend per share
End of 1Q

InterimEnd of 3Q

Year-end

Total

Yen

Yen

Yen

Yen

Yen

FY2022

-

0.00

-

1.00

1.00

FY2023

-

0.00

1.00

1.00

FY2023 (forecast)(NOTE) Revisions to the latest announced dividend forecasts: None
3. Consolidated Earnings Forecast FY2023 (January 1, 2023 - December 31, 2023)(Percentage below represents increase (decrease) from the same period of previous year)
Revenue

FY2023

Millions ofyen
15,300Operating profit
Millions ofyen
10.6-2,200%

Profit before tax
Millions ofyen-2,300%(NOTE) Revisions to the latest announced earnings forecasts: None

Profit attributable toowners of the parent
Millions of%%yen-1,900-

Basic earnings
per shareYen-21.42

※ Notes(1) Changes in significant subsidiaries during the current period (changes in specified subsidiaries with changes in the scope of
consolidation): None
(2) Changes in accounting policies and changes in accounting estimates① Changes in accounting policies required by IFRS: None
② ① Changes in accounting policies other than the above: None
③ Changes in accounting estimates: None
(3) Number of shares outstanding (common stock)① Number of shares outstanding (including
treasury shares)

3Q FY2023

97,896,800 Shares

FY2022

97,896,800 Shares② Number of shares of treasury shares

3Q FY2023

9,095,224 Shares

FY2022

9,507,349 Shares③ Average number of shares outstanding(during the period)

3Q FY2023

88,668,335 Shares

3Q FY2022

88,272,106 Shares※ Summary of financial statements is outside the scope of audit procedures by certified public accountants and audit firm.
※ Comments regarding appropriate usage of earnings forecasts, and other special notes(Notes on forward-looking statements)
The forward-looking statements such as earnings forecasts contained in this document are based on the information currently
available to the Company and certain assumptions which are regarded as legitimate. The Company makes no warranty as to theachievability of what is described in the statements. Actual results may differ from these forecasts due to various factors.
(Availability of earnings supplementary explanatory documents and information on earnings results briefings)
The Company plans to hold an earnings results briefing for institutional investors and analysts on November 9, 2023, in the formof a telephone conference. The materials used at the meeting will be posted on its website.

-2-

○Table of Contents of the Attached Material
1. Qualitative Information on Quarterly Financial Results for the First Nine Months Ended September 30, 2023............................

4(1) Explanation of Results of Operations........................................................................................................................................................................

4(2) Description of Financial Position................................................................................................................................................................................

5(3) Explanation of Consolidated Earnings Forecasts and Other Forward-Looking Statement...............................................................

5

2.Condensed Quarterly Consolidated Financial Statements and Major Notes....................................................................................................

6(1) Condensed Quarterly Consolidated Statements of Financial Position........................................................................................................

6(2) Condensed Quarterly Consolidated Statements of Income..............................................................................................................................

7(3) Condensed Quarterly Consolidated Statements of Comprehensive Income............................................................................................

8(4) Condensed Quarterly Consolidated Statements of Changes in Equity.......................................................................................................

9(5) Condensed Quarterly Consolidated Statements of Cash Flows.....................................................................................................................

11(6) Notes to the Condensed Quarterly Consolidated Financial Statements......................................................................................................

13(Notes on the going concern) ....................................................................................................................................................................................

13(Segment information) .................................................................................................................................................................................................

13

-3-

1. Qualitative Information on Quarterly Financial Results for the First Nine Months Ended September 30, 2023.
(1) Explanation of Results of Operations
During the first nine months of the current fiscal year (January 1, 2023 to September 30, 2023) under view, the Japanese
economy was gradually picking up with normal economic development due to the lessening of the impact of COVID-19. On theother hand, the Russian military's invasion of Ukraine has become protracted, and price of things and items have continued to rise.
Therefore, the economic outlook remains uncertain.
Under such social and economic conditions, companies have been actively trying to incorporate DX (digital transformation) toautomate business processes, improve efficiency, and respond to new digital infrastructure. In addition, in the Mobility industry,where many of Broadleaf Co., Ltd. group (hereinafter “the Group”) customers belong, they also have been making similar moves
and incorporates to improve operational efficiency and respond to digital infrastructure. Furthermore, they have been actively
investing in IT (Information and Technology) to increase added value for their consumers.
Based on the Group’s corporate philosophy of "Gratitude and Happiness," the Group has been promoting the two growthstrategies in our Medium-Term Management Plan (2022-2028) (hereinafter “the Plan”): “Cloud Penetration” and “Service
Expansion”. The Group’s performance targets for the fiscal year ending December 31, 2028, the final year of the Plan, which areconsolidated revenues of 32.5 billion yen, operating income of 13 billion yen (operating income margin of 40%), and profit
attributable to owners of the parent of 8 billion yen. In the fiscal year ended December 2022, the first year of the Plan, the Groupbegan providing cloud software and converted to a monthly subscription-type business model as a foundation for revenue growth.
In the fiscal year ending December 2023, the second year of the Plan, the Group has actively proposed solutions that meet DX
needs of the Group’s customers. As a result, the number of monthly subscriptions has increased, and the trend toward higher sales
has been shifted.
During the first nine months of the current fiscal year under review, the total number of customers increased because ofstrengthening sales of cloud software centered on the mainstay “.c Series”. At the same time, the Group also increased sales of its
electronic “Dencho.DX”, which is software compliant with the Revised Electronic Book Storage Act, thereby contributing to thegrowth in stock sales. But these days, the Group’s customers are carefully responding to the Revised Electronic Book Storage
Act. Orders for packaged software, mainly for non-mobility sector, also progressed steadily. In terms of costs, the Group madeupfront investments to strengthen our cloud infrastructure and back-office operations in preparation for future functional
enhancements and service expansion.
As reported recently, some of the major used car sales companies have experienced incidents of distrust and doubt fromconsumers. Under these circumstances, the Group would like to contribute to the dispelling of distrusts and doubts through theservices provided by us. As one of these initiatives, the Group has developed an analytical AI function that detects abnormalities
and fraud in automobile repair and maintenance operations from a neutral standpoint, such as a third-party organization. The
Group is currently preparing to roll out this new service as a business. In addition, the Group will gradually install generation AI
functions that utilize own proprietary data into cloud software and other systems. Through this, the Group will support operational
efficiency within our customers and work to resolve structural industry issues such as chronic shortages of human resources. In
addition, such new services will be offered on our cloud infrastructure, and will not only be installed in cloud software, but will
also be able to be deployed in various industries through third parties.
As a result of the above, in the consolidated cumulative the first nine months of the current fiscal year, revenue was 11,249
million yen (year-on-year increase of 11.7%), operating loss was 1,522 million yen (loss of 1,863 million yen in the same periodof the previous fiscal year), loss before income taxes was 1,485 million yen (loss of 1,914 million yen in the same period of theprevious fiscal year), and loss attributable to owners of the parent was 1,028 million yen (loss of 1,433 million yen in the same
period of the previous fiscal year).
Our Group has a single segment of IT services business, but the breakdown of revenues by service category is as follows.
(Millions of yen)First nine months of FY2022
First nine months of FY2023(From January 1, 2022
(From January 1, 2023
Category
YoY ratio
to September 30, 2022)
to September 30, 2023)
Cloud services

1,767

3,624

105.1%

Packaged system

8,300

7,625

-8.1%

Total

10,067

11,249

11.7%

Cloud services
Revenue from cloud services consists of usage fees for “.c Series” and other monthly subscription-based software, as well asusage fees or commissions related to platforms for ordering automotive aftermarket parts.
Customers using packaged software gradually switched to “.c Series” as their usage rights expire (mostly for 6 years). In
addition, the convenience and flexibility of the menu structure of “.c Series” has increased the number of new customers.
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Moreover, the number of secondary products such as the “Dencho.DX”, which is compliant with the Revised Electronic Book
Storage Act, and other DX solutions offered increased. As a result, cloud services revenue increased 105.1% year-on-year.
Packaged system
Revenue from packaged system consists of sales fees (lease sales or bulk sales) for packaged software for manufacturingindustries, mobile shops, travel businesses, bus operating businesses, machine tool trading companies, etc. And it consists of feesfor various services required when using packaged software, and sales proceeds for equipment and supplies such as PCs.
Sales of packaged software and equipment were favorable. On the other hand, the Group has terminated the leasing of packaged
software for Mobility sector by our sales agents. These factors resulted in a year-over-year decline in packaged system revenueof 8.1%.
(2) Explanation of Financial Position(i) Analysis of financial condition(Assets)
Assets at the end of the 3Q of the current fiscal year increased by 2,628 million yen from the end of the previous fiscal year
to 36,164 million yen. Current assets increased 370 million yen to 6,926 million yen, and non-current assets increased 2,258
million yen to 29,238 million yen. Current assets increased mainly due to increases of 182 million yen in trade and otherreceivables, and 164 million yen in cash and cash equivalents. Non-current assets increased mainly due to increases of 1,646
million yen in intangible assets, 534 million yen in property, plant and equipment, and 376 million yen in deferred tax assets,
despite a decrease of 216 million yen in other financial assets.
(Liabilities)
Liabilities at the end of the 3Q of the current fiscal year increased by 3,436 million yen from the end of the previous fiscal
year to 13,310 million yen. Current liabilities increased by 3,007 million yen to 9,590 million yen and non-current liabilities
increased by 429 million yen to 3,720 million yen. Current liabilities increased mainly due to increases of 1,511 million yen in
short-term interest-bearing debt and 1,485 million yen in contract liabilities. The increase in non-current liabilities was mainly
due to an increase of 420 million yen in long-term interest-bearing debt.
(Equity)
Equity at the end of the 3Q of the current fiscal year decreased by 808 million yen from the end of the previous fiscal year to
22,854 million yen. Equity decreased due to increase of 139 million yen in other components of equity, decrease of 122 million
yen in treasury stock, increase of 84 million yen in capital surplus, and decrease of 1,139 million yen in retained earnings.
(ii) Analysis of cash flows
Cash and cash equivalents (hereinafter "the Funds") at the end of the 3Q of the current fiscal year increased by 164 million
yen from the end of the previous fiscal year to 3,621 million yen.
The situation and factors of each cash flow in the 3Q of the current fiscal year are as follows.
(Cash flow from operating activities)
Net cash provided by operating activities was 2,079 million yen (year-on-year increase of 222.9%). This was mainly due todepreciation and amortization of 2,027 million yen and an increase in contractual liabilities of 1,485 million yen, which
outweighed a quarterly loss before income taxes of 1,485 million yen.
(Cash flow from investment activities)
Net cash used in investing activities was 2,573 million yen (year-on-year increase of 18.4%). This was mainly due to purchasesof intangible assets of 2,978 million yen, despite proceeds from sales and redemption of investments of 466 million yen.
(Cash flow from financing activities)
The Funds provided by financing activities was 655 million yen (year-on-year decrease of 43.4%). This was mainly due to a
net increase in short-term loans payable of 1,400 million yen despite repayments of lease liabilities of 691 million yen.
(3) Explanation of Consolidated Earnings Forecasts and Other Forward-Looking Statements
There is no change in the consolidated earnings forecast for the full year announced on August 10, 2023 in " Notice Regarding
Differences between Consolidated Earnings Forecast and Actual Results for the First Six Months and Revisions to Consolidated
Earnings Forecast for the Full Year".

-5-2. Consolidated Financial Statements and Major Notes(1) Condensed Quarterly Consolidated Statements of Financial Position(Thousands of yen)
FY2022(As of December 31, 2022)
AssetsCurrent assets
Cash and cash equivalents
Operating and other receivables
Inventories
Other financial assets
Other current assets

End of 3Q of FY2023(As of September 30, 2023)

3,456,772
2,602,057
130,890
365,715

3,620,971
2,783,671
144,803
21,887354,266

6,555,434

6,925,598

1,038,983
11,189,504
11,771,237
83,012
1,364,416
250,391
1,282,511

1,573,215
11,189,504
13,416,801
82,851
1,148,287
169,146
1,658,539

26,980,055

29,238,344

33,535,490

36,163,941

2,672,827
926,182
2,270,443
8,421
704,634

2,932,270
2,411,191
3,781,072
3,423
461,554

6,582,508

9,589,510

Non-current liabilities
Long-term interest-bearing debts
Obligations for retirement pay
Provisional sum
Other non-current liabilities

2,877,710
232,191
142,292
38,671

3,297,950
244,408
139,682
37,996

Total non-current liabilities

3,290,865

3,720,035

9,873,373

13,309,545

7,147,905
7,366,245-3,167,193
11,656,730
628,237

7,147,905
7,449,753-3,045,268
10,517,626
767,126

23,631,923
30,194

22,837,143
17,253

23,662,116

22,854,396

33,535,490

36,163,941

Total current assets
Non-current assets
Property, plant and equipment
Goodwill
Intangible assets
Investments accounted for using equity method
Other financial assets
Other non-current assets
Deferred tax assets
Total non-current assets
Total assets
Liabilities and equity
Liabilities
Current liabilities
Operating and other payables
Contract liabilities
Short-term interest-bearing debts
Accrued income taxes
Other current liabilities
Total current liabilities

Total liabilities
EquityCapital stock
Share premium
Treasury shares
Retained earnings
Other components of equity
Total equity attributable to owners of the parent
Non-controlling interests
Total equity
Total liabilities and equity-6-(2) Condensed Quarterly Consolidated Statements of Income(Thousands of yen)First nine months of FY2022(From January 1, 2022
to September 30, 2022)

First nine months of FY2023(From January 1, 2023
to September 30, 2023)

Revenue
Cost of sales
Gross profit
Selling, general and administrative expenses
Other operating income
Other operating expenses
Operating loss
Finance income
Finance costs
Equity in losses of affiliates
Quarterly loss before income taxes
Income tax
Quarterly loss

10,066,831-3,902,263
6,164,569-8,057,569
36,396-6,455-1,863,060
31,787-79,343-3,280-1,913,897
475,426-1,438,471

11,248,551-4,519,897
6,728,654-8,272,234
52,345-30,531-1,521,765
86,035-49,222-162-1,485,115
423,505-1,061,610

Attribution of quarterly loss
Owners of the parent
Non-controlling interests
Quarterly loss

-1,432,693-5,778-1,438,471-1,028,151-33,459-1,061,610-16.23-16.23-11.60-11.60Quarterly loss per share
Basic quarterly loss per share (yen)Diluted quarterly loss per share (yen)-7-(3) Condensed Quarterly Consolidated Statements of Comprehensive Income(Thousands of yen)First nine months of FY2022(From January 1, 2022
to September 30, 2022)

First nine months of FY2023(From January 1, 2023
to September 30, 2023)-1,438,471-1,061,610

58,513

114,841

58,513

114,841-2,913-1,514

2,565

-

4,486

-

4,138
62,651-1,514
113,327-1,375,820-948,283-1,370,042-5,778-1,375,820-914,824-33,459-948,283

Quarterly loss
Other comprehensive income
Items that will not be reclassified to profit or loss
Net change in fair value of financial assets of equity
nature measured at fair value through othercomprehensive income
Total items that will not be reclassified to profit or loss
Items that may be reclassified to profit or loss
Exchange differences on translating foreign operations
Share of other comprehensive income of associates
accounted for using the equity method
Reclassification adjustments of shares of othercomprehensive income of associates accounted for using
the equity method
Total items that may be reclassified to profit or loss
Total other comprehensive income, net of tax
Comprehensive income
Comprehensive income attributable to
Owners of the parent
Non-controlling interests
Comprehensive income-8-(4) Condensed Quarterly Consolidated Statements of Changes in Equity
3Q FY2022 (From January 1, 2022 to September 30, 2022)(Thousands of yen)
Equity attributable to owners of the parent
Other components of equity
Capital stockSharepremium

TreasurysharesRetainedearnings

7,147,905

7,291,792-3,285,446

14,488,974

772,216-14,000

Quarterly loss

-

-

-

-1,432,693--

Other comprehensive income

-

-

-

-

-

-

-

-

-

-1,432,693--

Changes due to acquisition of control
over subsidiaries

-

-

-

-

-

-

Purchase of Treasury Shares

-

-

-14

-

-

-

Disposal of treasury shares-

74,341

118,267--141,056-51,552

Dividends----413,579--

Share-based payment transactions

-

-

-

7,031

162,144

39,776-74,341

118,253-406,548

21,088-11,776

7,147,905

7,366,133-3,167,193

12,649,732

793,304-25,776

Balance as of January 1, 2022

Total comprehensive income

Total transactions with owners
Balance as of September 30, 2022

Shares withrestriction ontransfer

Warrants(Thousands of yen)
Equity attributable to owners of the parent
Other components of equity

Balance as of January 1, 2022
Quarterly loss
Other comprehensive income
Total comprehensive income

Exchangedifferencesontranslating
foreign
operations

Net change
in fair valueof financial
assets ofequitynaturemeasured atfair value
throughothercomprehensi
ve income-48,370-238,987

470,859

-

-

4,138

Noncontrollinginterests

Total equity

26,114,084-

26,114,084--1,432,693-5,778-1,438,471

58,51362,65162,651-62,651

Total

Total

4,138

58,51362,651-1,370,042-5,778-1,375,820

Changes due to acquisition of control
over subsidiaries

-

-

-

-

31,00031,000Purchase of Treasury Shares

-

-

-

-14

-

-14

Disposal of treasury shares---192,608---

Dividends----413,579--413,579

Share-based payment transactions--

201,920

208,951-

208,951

-

-

9,312

-204,643

31,000-173,643-44,233-180,474

542,822

24,539,399

25,222

24,564,621

Total transactions with owners
Balance as of September 30, 2022

-9-

3Q FY2023 (From January 1, 2023 to September 30, 2023)(Thousands of yen)
Equity attributable to owners of the parent
Other components of equity
Capital stockSharepremium

TreasurysharesRetainedearnings

7,147,905

7,366,245-3,167,193

11,656,730

812,624-12,888

Quarterly loss

-

-

-

-1,028,151--

Other comprehensive income

-

-

-

-

-

-

Total comprehensive income

-

-

-

-1,028,151--

Disposal of treasury shares-

104,026

121,926--173,330-56,000

Dividends----88,389--

Share-based payment transactions

-

-

-

4,577

186,864

40,888--20,518

-

-

-

-

-

-

-

-27,140---

83,508

121,926-110,952

13,535-15,112

7,147,905

7,449,753-3,045,268

10,517,626

826,159-28,000

Balance as of January 1, 2023

Changes in ownership interest in
subsidiaries
Transfer from other components ofequity to retained earnings
Total transactions with owners
Balance as of September 30, 2023

Shares withrestriction ontransfer

Warrants(Thousands of yen)
Equity attributable to owners of the parent
Other components of equity

Exchangedifferencesontranslating
foreign
operations

Net change
in fair valueof financial
assets ofequitynaturemeasured atfair value
throughothercomprehensi
ve income-41,414-130,086

628,237---1,514

Total comprehensive income

Noncontrollinginterests

Total equity

23,631,923

30,194

23,662,116--1,028,151-33,459-1,061,610

114,841

113,327

113,327-

113,327-1,514

114,841

113,327-914,824-33,459-948,283

Disposal of treasury shares---229,330-3,377--3,377

Dividends----88,389--88,389

Share-based payment transactions--

227,752

232,329-

232,329----20,518

20,518--27,14027,140----27,14025,563120,045

20,518140,563-42,928

11,895

767,126

22,837,143

17,25322,854,396

Balance as of January 1, 2023
Quarterly loss
Other comprehensive income

Changes in ownership interest in
subsidiaries
Transfer from other components ofequity to retained earnings
Total transactions with owners
Balance as of September 30, 2023

- 10 -

Total

Total

(5) Condensed Quarterly Consolidated Statements of Cash Flows(Thousands of yen)First nine months of FY2022(From January 1, 2022
to September 30, 2022)

First nine months of FY2023(From January 1, 2023
to September 30, 2023)

Quarterly loss before income taxes-1,913,897-1,485,115

Depreciation and amortization expense

Cash flow from operating activities
1,977,450

2,026,603

Share-based payment expense

201,920

193,462

Finance income and finance costs (- shown is income)
Share of profit (loss) of entities accounted for using
equity method (- shown is profit)
Decrease in trade and other receivables(- shown is increase)
Decrease in inventories (- shown is increase)
Increase in trade and other payables(- shown is decrease)
YoY change in prepaid expenses(- shown is increase)
YoY change in long-term prepaid expenses(- shown is increase)
Increase in accrued employee bonuses(- shown is decrease)
Increase in contractual liabilities(- shown is decrease)
Increase in accrued consumption taxes(- shown is decrease)47,556-14,362

3,280

162

1,752,790-206,207

81,709-13,913-920,114

240,576-35,072

17,92247,08364,306-257,271-243,394

135,019

1,485,009-7,269-74,776

Others-67,111

106,461

Subtotal

1,046,075

2,096,734

Interest received

1,136

4,571

Dividend received

2,130

7,005

Interest expenses paid
Income taxes paid or refunded(- shown is payment)-10,984-19,450-394,343-9,640Cash flow from operating activities

644,0132,079,220-12,097-27,579

Cash flow from investing activities
Acquisition of property, plant and equipment
Proceeds from sales of property, plant and equipment
Acquisition of intangible assets
Proceeds from sales and redemption of investments

15,429600-2,235,589-2,978,047-

466,465

Acquisition of newly consolidated subsidiaries-5,000-Loan advances-15,900-48,832

Collection of loans receivable

66,480

3,886

Payments for lease and guarantee deposits-506-1,112

Proceeds from collection of lease and guarantee deposits
Purchase of shares of subsidiaries resulting in change inscope of consolidation
Others

1,131

10,968

14,831--2,228522-2,173,449-2,573,131

Cash flow from investing activities- 11 -

(Thousands of yen)First nine months of FY2022(From January 1, 2022
to September 30, 2022)

First nine months of FY2023(From January 1, 2023
to September 30, 2023)

2,197,500

1,400,000-

500,000

Cash flow from financing activities
Net increase in short-term loans payable(- shown is decrease)
Proceeds from long-term debt
Repayments of long-term debt-

-445,834

Repayments of lease obligations-645,872-691,227

Cash dividends paid

-413,579-88,389

31,000--14--12,498-19,963

Cash flow from financing activities
Impact of exchange fluctuations for cash and cash
equivalents
Net increase in cash and cash equivalents(- shown is decrease)
Cash and cash equivalents at beginning of period

1,156,537

654,587

4,028

3,522

-368,871

164,198

3,522,045

3,456,772

Balance of cash and cash equivalents at end of period

3,153,173

3,620,971

Proceeds from share issuance to non-controlling interests
Purchase of Treasury Shares
Expenses related to commitment lines- 12 -

(6) Notes to the Condensed Quarterly Consolidated Financial Statements(Notes on the going concern)
Not applicable.
(Segment information)
This information is omitted because the Group only has a single business segment of the IT services.

- 13 -