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, 2022 [IFRS] (Consolidated)
November 9, 2022
Broadleaf Co., Ltd
Stock listing:Prime Market of Tokyo Stock Exchange
Representative:
Kenji Oyama, Representative Director and President
Earnings Supplementary Explanatory Documents:
Yes
Earnings Results Briefing:
Yes (For institutional investors and analysts)(Figures are rounded to the nearest million yen)
Consolidated Financial Results for the 3Q FY2022 (January 1, 2022 to September 30, 2022)(1) Consolidated Operating Results (Cumulative)(Percentage below represents increase (decrease) from the same period of previous year)
Revenue

3Q FY2022

Millions ofyen
10,0673Q FY2021

15,181

Operating profit
Millions of
yen
-33.7
-1,863

Millions ofyen-1,914

%

-2.3

2,342

Basic Earnings per share

Profit before tax
%

-18.2

2,340

Profit attributable to Total comprehensive
owners of the parent income

ProfitMillions ofyen-1,438

%

-16.9

1,501

Millions ofyen-1,433

Millions ofyen-1,376

%

-19.5

%

1,500

-19.6

1,566

%
-10.1

Diluted earnings per share

Yen

Yen

3Q FY2022-16.23-16.23

3Q FY2021

17.07

16.78

(2) Consolidated Financial Position
Total assets

Equity attributable to owners of Percentage of equity attributable
the parent
to owners of the parent

Total equity

Millions of yen

Millions of yen

Millions of yen%

3Q FY2022

33,46324,56524,53973.3

FY2021

34,476

26,114

26,11475.7

2.Dividend Status
Dividend per share
End of 1Q

InterimEnd of 3Q

Year-end

Total

Yen

Yen

Yen

Yen

Yen

FY2021

-

4.00

-

4.70

8.70

FY2022

-

0.00

1.00

1.00

FY2022 (forecast)(NOTE)Revisions to the latest announced dividend forecasts: None
Forecast of Consolidated Financial Results for the Fiscal Year Ending December 3.2022 (January 1, 2022-December 31, 2022)(Percentage below represents increase (decrease) from the same period of previous year)
Revenue

FY2022Millions ofyen
13,300Operating profit%-35.6

Millions ofyen-3,200(NOTE)Revisions to the latest announced earnings forecasts: Yes

Profit attributable toowners of the parent

Profit before tax%-

Millions ofyen-3,400%-Millions ofyen-2,700

Basic earnings per share
%

Yen

-

-30.58

※ 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 Other changes in accounting policies: None
③ Changes in accounting estimates: None
(3)Number of shares outstanding (common stock)① Number of shares outstanding(including treasury shares)② Number of shares of treasury shares③ Average number of shares outstanding(during the period)

3Q for FY2022

97,896,800 Shares

FY202197,896,800 Shares

3Q for FY2022

9,507,349 Shares

FY2021

9,901,018 Shares

3Q for FY2022

88,272,106 Shares

3Q FY2021

87,873,220 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, 2022, in theform of a telephone conference. The materials used at the meeting will be posted on its website.

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

2(1) Explanation of Operating Results .......................................................................................................................................

2(2) Explanation of Financial Position .......................................................................................................................................

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

3

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

4(1) Consolidated Statement of Financial Position ....................................................................................................................

4(2) Consolidated Statements of Income ...................................................................................................................................

5(3) Consolidated Statements of Comprehensive Income ..........................................................................................................

6(4) Consolidated Statements of Changes in Equity ..................................................................................................................

7(5) Consolidated Statements of Cash Flows .............................................................................................................................

9(6) Notes on Consolidated Financial Statements ......................................................................................................................

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

11(Segment information) ......................................................................................................................................................

11

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1. Qualitative Information on Consolidated Financial Results for the First Nine Months Ended September 30(1) Explanation of Operating Results
During the first nine months of the current fiscal year (January 1, 2022 to September 30, 2022), COVID-19 restrictions were
gradually lifted and normalization of economic and social activities in Japan have progressed. On the other hand, it is becoming
necessary to closely monitor economic downside risks caused by the impacts of rising prices, constraints regarding supplies, thedepreciation of the yen, and changes in financial markets.
Under such social condition and against the backdrop of the promotion of digitalization of administrative procedures,companies are accelerating their efforts to reform management through digital transformation (DX). In the Japanese mobility
industry, where many of the Group's clients belong, DX-related efforts are becoming more active not only in terms of operations,such as the digitization of business processes and the remote working styles, but also in terms of business expansion and creation.
Based on the Group’s corporate philosophy of "Gratitude and Happiness," the Group continues its activities to contribute to
the business continuity and business creation of its clients. At the same time, the Group focuses on "Penetration of the cloudbased products" and "Expansion of services," which are the two basic strategies outlined in the Medium-Term Management Plan
(2022-2028). In the first nine months of the current fiscal year, the Group also actively provided cloud services corresponding to
the Revised Electronic Book Storage Act and “.c Series,” a cloud-based software, which has evolved into a total management
system, to clients to in order to support DX of their entire businesses. The Group also promoted the expansion of its service
originating from Broadleaf Cloud Platform, including capital and business alliance with SALES GO Corporation andimplementation of joint development in AI field with Fujitsu Ltd. In such s situation, sales of “.c series,” mainly to new clients,
progressed steadily, and sales of other software, support services, and other ancillary services were in favorable condition as
well. In addition, the Group reduced costs by streamlining sales activities, etc.
As a result of steady progress in transition of sales from multi-year lump-sum type to monthly subscription type, in the firstnine months of the current fiscal year (from January 1, 2022 to September 30, 2022), the Group posted revenue of 10,067 million
yen (a year-on-year decrease of 33.7%), operating loss of 1,863 million yen (operating profit of 2,342 million yen in the same
period of the previous fiscal year), loss before tax of 1,914 million yen (profit before tax of 2,340 million yen in the same periodof the previous fiscal year), and loss attributable to owners of the parent of 1,433 million yen (profit attributable to owners of theparent of 1,500 million yen in the same period of the previous fiscal year).
The Group has a single segment of IT services business, but the breakdown of revenue by service category is as follows.
(Millions of yen)
Category

First nine months of FY2021(From January 1, 2021

First nine months of FY2022(From January 1, 2022

to September 30, 2021)

to September 30, 2022)

YoY ratio

Cloud service

1,302

1,767

35.7%

Packaged system

13,8798,300-40.2%

Total

15,181

10,067-33.7%-2-

(2) Explanation of Financial Position① Analysis of financial condition(Assets)
Assets at the end of the third quarter of the current fiscal year decreased by 1,013 million yen from the end of the previous
fiscal year to 33,463 million yen. Current assets decreased by 2,164 million yen to 6,240 million yen, while non-current assets
increased by 1,151 million yen to 27,223 million yen. Current assets decreased mainly due to decreases in trade and otherreceivables of 1,676 million yen and cash and cash equivalents of 369 million yen. The increase in non-current assets was mainly
attributable to increases in intangible assets of 948 million yen and deferred tax assets of 343 million yen, which offset a decreasein property, plant and equipment of 149 million yen.
(Liabilities)
Liabilities at the end of the 3Q of the current fiscal year increased by 537 million yen from the end of the previous fiscal year
to 8,898 million yen. Current liabilities increased by 722 million to 8,234 million yen, while non-current liabilities decreased by
185 million yen to 664 million yen. Current liabilities increased mainly due to an increase in short-term interest-bearing debt of
2,188 million yen, which was partially offset by decreases in trade and other payables of 922 million yen and income taxes
payable of 392 million yen. The decrease in non-current liabilities was mainly due to decreases in deferred tax liabilities of 116
million yen and long-term interest-bearing debt of 79 million yen.
(Equity)
Shareholders' equity at the end of the 3Q of the current fiscal year decreased by 1,549 million yen from the end of the previous
fiscal year to 24,565 million yen. The decrease in shareholders' equity was mainly due to a decrease in retained earnings of 1,839
million .
② Analysis of cash flows
Cash and cash equivalents (hereinafter referred to as "cash") at the end of the third quarter of the current fiscal year decreased
by 369 million yen from the end of the previous fiscal year to 3,153 million yen.
The status of each cash flow and its factors in the first nine months of the current fiscal year are as follows.
(Cash flow from operating activities)
Cash provided by operating activities was 644 million yen (a-year-on-year decrease of 54.4%). This was mainly due todepreciation and amortization expenses of 1,977 million yen, a decrease in trade and other receivables of 1,753 million yen, andshare-based payment expenses of 202 million yen, while there were loss before tax of 1,914 million yen, a decrease in trade andother payables of 920 million yen, and income taxes paid of 394 million yen.
(Cash flow from investment activities)
Cash used in investing activities was 2,173 million yen (a-year-on-year decrease of 6.7%). This was mainly due to purchaseof intangible assets of 2,236 million yen.
(Cash flow from financing activities)
Cash provided by financing activities was 1,157 million yen (year-on-year increase of 62.7%). This was mainly due to increasein short-term loans payable of 2,198 million yen, despite repayments of lease liabilities of 646 million yen and cash dividends
paid of 414 million yen.
(3) Explanation of Consolidated Earnings Forecasts and Other Forward-Looking Statements
The Group will promote the initiatives of the Medium-Term Management Plan (2022-2028) and expand its business throughthe provision of various cloud services, with the aim of becoming a "leading SaaS company" and "one-of-a-kind platform
company" in Japan.
The forecast of consolidated financial results for the fiscal year ending December 31, 2022 (from January 1, 2022 to
December 31, 2022) has been revised upward from the forecast announced on August 9, 2022. Considering the demandprospect of the Group’s mainstay cloud software and other monthly subscription-type services, as well as steady sales of
packaged software and ongoing reduction in operating expenses, the Group has revised our consolidated results forecasts forrevenue, operating profit, profit before tax, and profit attributable to owners of the parent. For details, please refer to "Notice ofRevisions to Consolidated Earnings Forecasts" dated November 9, 2022.

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2. Consolidated Financial Statements and Major Notes(1) Consolidated Statement of Financial Position(Thousands of yen)
FY2021(As of December 31, 2021)
AssetsCurrent assets
Cash and cash equivalents
Operating and other receivables
Inventories
Other financial assets
Other current assets

End of 3Q of FY2022(As of September 30, 2022)

3,522,045
4,293,360
208,050
85,000296,069

3,153,173
2,616,864
126,389343,701

8,404,523

6,240,128

1,273,532
11,802,504
10,548,334
93,4901,241,649
238,413873,530

1,124,138
11,804,504
11,495,848
80,486
1,344,214
157,018
1,216,691

26,071,452

27,222,898

34,475,975

33,463,026

3,567,899
354,4032,480,024
405,660
704,3102,646,362
489,422
4,668,314
13,624416,2317,512,295

8,233,954

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

337,721208,906
143,903
115,830
43,235

259,072
221,818
142,148
41,414

Total non-current liabilities

849,596

664,451

8,361,891

8,898,405

7,147,905
7,291,792-3,285,446
14,488,974
470,859

7,147,905
7,366,133-3,167,193
12,649,732
542,822

26,114,084-

24,539,399
25,222

26,114,084

24,564,621

34,475,975

33,463,026

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-4-(2) Consolidated Statements of Income(Thousands of yen)First nine months of FY2021(From January 1, 2021
to September 30, 2021)

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

Revenue

15,180,678

10,066,831

Cost of sales-4,309,411-3,902,263

Gross profit
Selling, general and administrative expenses
Other operating income
Other operating expenses

10,871,267-8,555,879
34,424-7,403

6,164,569-8,057,569
36,396-6,455

Operating profit (loss)
Finance income
Finance costs
Equity in losses of affiliates

2,342,409
41,971-38,061-6,302-1,863,060
31,787-79,343-3,280

Profit (loss) before tax
Income tax

2,340,018-838,735-1,913,897
475,426

Profit (loss)

1,501,283-1,438,471

Profit (loss) attributable to
Owners of the parent
Non-controlling interests

1,499,854
1,429-1,432,693-5,7781,501,283-1,438,471

17.07
16.78

-16.23-16.23

Profit (loss)
Profit (loss) per share
Basic earnings (losses) per share (yen)Diluted share (loss) per share (yen)-5-(3) Consolidated Statements of Comprehensive Income(Thousands of yen)First nine months of FY2021(From January 1, 2021
to September 30, 2021)

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

1,501,283-1,438,471

66,22558,513

66,22558,513-1,902-2,913

521

2,565

-

4,486

-1,381

4,138

64,84462,651

1,566,128-1,375,820

1,564,698
1,429-1,370,042-5,7781,566,128-1,375,820

Profit (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-6-(4) Consolidated Statements of Changes in Equity
3Q FY2021 (From January 1, 2021 to September 30, 2021)(Thousands of yen)
Equity attributable to owners of the parent
Other components of equity
Capital stockSharepremium

TreasurysharesRetainedearnings

7,147,905

7,215,824-3,403,618

13,265,826

724,241-14,000

Profit---1,499,854--

Other comprehensive income

-

-

-

-

-

-

Total comprehensive income

-

-

-

1,499,854--

Disposal of treasury shares-

105,560

118,172--171,167-56,000

Dividends----930,035--

Share-based payment transactions

-

-

-

7,794

153,794

42,000Changes in ownership interest in
subsidiaries--29,592

-

-

-

-

-

75,968118,172-922,242-17,373-14,000

7,147,905

7,291,792-3,285,446

13,843,439

706,868-28,000

Balance as of January 1, 2021

Total transactions with owners
Balance as of September 30, 2021

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-47,026-289,136

374,078---1,381

Total comprehensive income

Noncontrollinginterests

Total equity

24,600,015

2,451

24,602,466-

1,499,854

1,429

1,501,283

66,22564,84464,844-64,844-1,381

66,22564,844

1,564,698

1,429

1,566,128

Disposal of treasury shares---227,167-3,434--3,434

Dividends----930,035--930,035

Share-based payment transactions--

195,794

203,588-

203,588

Changes in ownership interest in
subsidiaries

-

-

-

-29,592-3,880-33,472---31,373-759,474-3,880-763,354-48,408-222,911

407,550

25,405,240-

25,405,240

Balance as of January 1, 2021
ProfitOther comprehensive income

Total transactions with owners
Balance as of September 30, 2021

-7-

Total

Total

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

Loss

-

-

-

-1,432,693--

Other comprehensive income

-

-

-

-

-

-

-

-

-

-1,432,693--

Obtaining of control of 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

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

4,138

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

Obtaining of control of 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

Balance as of January 1, 2022
Loss
Other comprehensive income
Total comprehensive income

Total transactions with owners
Balance as of September 30, 2022

-8-

Total

Total

(5) Consolidated Statements of Cash Flows(Thousands of yen)First nine months of FY2021(From January 1, 2021
to September 30, 2021)

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

Profit (loss) before tax

2,340,018-1,913,897

Depreciation and amortization expense

1,694,753

1,977,450

192,358

201,920405

47,556

6,302

3,280

Decrease (increase) in trade and other receivables-684,639

1,752,790

Decrease (increase) in inventories

197,477

81,709

Increase (decrease) in trade and other payables-144,805-920,114

Decrease (increase) in prepaid expenses-85,114-35,072

Decrease (increase) in long-term prepaid expenses-50,92447,083

Increase (decrease) in employees' bonuses payable-280,518-257,271

Increase (decrease) in contract liabilities-224,456

135,019

Increase (decrease) in consumption taxes payable-211,958-7,269Others

6,199-67,111

Subtotal

2,755,098

1,046,075

4,281

1,136

Cash flow from operating activities

Share-based payment expense
Finance costs (income)Equity in loss (earnings) of affiliates

Interest received
Dividend received

2,033

2,130

Interest expenses paid

-8,641-10,984

Income taxes paid (refunded)-1,339,431-394,343

Cash flow from operating activities

1,413,340

644,013-30,746-12,097

Cash flow from investing activities
Acquisition of property, plant and equipment
Proceeds from sales of property, plant and equipment
Acquisition of intangible assets
Purchase of shares of subsidiaries resulting in change inscope of consolidation
Loan advances-

15,429-2,461,573-2,235,589--5,000-600-15,900

Collection of loans receivable

156,026

66,480

Payments for lease and guarantee deposits-12,995-506

Proceeds from collection of lease and guarantee deposits

9,548

1,131

Purchase of shares of subsidiaries resulting in change inscope of consolidation-

14,831

11,338-2,228-2,329,002-2,173,449

OthersCash flow from investing activities-9-(Thousands of yen)First nine months of FY2021(From January 1, 2021
to September 30, 2021)

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

Net increase (decrease) in short-term loans payable

2,401,000

2,197,500

Repayments of lease obligations-670,358-645,872

Cash dividends paid

Cash flow from financing activities-930,035-413,579

Proceeds from share issuance to non-controllingshareholders-

31,000Purchase of treasury shares--14

Payments from changes in ownership interests in
subsidiaries that do not result in change in scope of
consolidation-33,472-

Expenses related to commitment lines-56,263-12,498

Cash flow from financing activities

710,871

1,156,537

Impact of exchange fluctuations for cash and cash
equivalents

1,693

4,028

Net increase (decrease) in cash and cash equivalents-203,098-368,871

Cash and cash equivalents at beginning of period

3,232,409

3,522,045

Balance of cash and cash equivalents at end of period

3,029,310

3,153,173- 10 -

(6)Notes on 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.

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