マスター タイトルの書式設定

cognavi Vision2026

Medium-Term Management Plan for FY March 2024 to FY March 2026
May 2023(TSE Prime Market：7088）©2023 Forum Engineering Inc.

1

INDEX

1. Our Mission
2. Medium-Term Management Plan
[cognavi Vision2026]

3. Sustainability initiatives©2023 Forum Engineering Inc.

2

INDEX

1. Our Mission
2. Medium-Term Management Plan
[cognavi Vision2026]

3. Sustainability initiatives©2023 Forum Engineering Inc.

3

Our Mission‐MISSION‐

Seeking for the World Where Skills Connect
with One Another

Our unique matching system, Cognavi uses artificial intelligence (AI) to connect mechanical and electricalengineering students’ learning, and engineers’ skills with the skills wanted by companies.
By using the Cognavi’s matching technology, we make it possible to connect engineers with companies
through skills in the market of human resources in mechanical and electrical engineering.
Cognavi will support engineers in all career-related settings, including job placement for mechanical andelectrical graduates, career changes, temporary staffing and reskilling.

©2023 Forum Engineering Inc.

4

Towards Building Platform for Job Mobility of Engineers
Japan's temporary staffing market for technological engineers is now
at a turning point. The population is decreasing and the Act on
Securing the Proper Operation of Worker Dispatching Businesses andProtecting Dispatched Workers stipulates equal pay for equal work.

Service integration in the domain of mechanicaland electrical engineering

Use technologies to improve matchingefficiency©2023 Forum Engineering Inc.

5

Our History
Since 2008, the Company has invested in technologies and developed platforms and,since 20 1 8, has gradually launched and rolled out in full scale the ser vices of Cognavi.

HR
ser vice

CareerChange Graduate

To the newphase ofgrowthCareerChange IT※2

COVID-19

Global financial
crisis

2014
2008

2015

2016

2017

2018

2019

2020

2021

2022

Listed on March 2020

2010

HR
management©2023 Forum Engineering Inc.

College

TalentManagement ※1※1*1 Cognavi Talent Management was discontinued in March 2023 for the purposeof restructuring the services.
*2 Cognavi Career Change IT is set to be discontinued in June 2023 andintegrated into Cognavi Career Change.

6

Towards Building Platform for Job Mobility of Engineers
The Company foresees that the market structure will change as a result of a decline in
the working population. Consequently, it launched Cognavi. This is a platform businessfor capturing all oppor tunities for engineer career mobility.

New graduate students of
STEM
Career changes from and toother business categories arelimited because they havespecialist skills.

3

Approx. 39 thousand
per year1

Employment placement for
new graduates in STEM

4
Arrangement ofengineer reskilling byuniversity professors(Cognavi Graduate)2
Job referral for engineer

Full-time engineer

Around 380,000(Cognavi College)

2,3

Approx. 60%(Cognavi Career Change)

Around 640,0002
engineers as part of1

Japan's working population of
approximately 60 million4

Engineer staffing
Temporary andpart-time employees

Around 260,000(Cognavi Staffing)

2,3

Approx. 40%

2020: The Act on Securing the Proper Operation of
The working population
Worker Dispatching Businesses and Protecting
Dispatched Workers comes into force.
is gradually shrinking.
Equal pay for equal work
Note: The diagram is for presentation purposes only and it does not reflect actual increases or decreases in number.
1. Estimated by the Company from the number of persons enrolled in faculties of mechanical engineering and electrical and communication engineering in the Situation of Students Enrolled at University by Discipline stated
2. in the Ministry of Education, Culture, Sports, Science and Technology's
FY2018 Basic School Survey
3. Total of electrical, electronic and telecommunication engineers (excluding communication network engineers), mechanical engineers, and transportation equipment engineers, excluding those aged 65 years and older,stated in the POPULATION AND HOUSEHOLDS OF JAPAN 2015 from the Statistics Bureau of the Ministry of Internal Affairs and Communications
４．The ratio of non-regular employees to regular employees is estimated by the Company from the Ministry of Health, Labour and Welfare's Current Status and Problems about Non-Regular Employment
５．According to the 2015 National Census from the Statistics Bureau of the Ministry of Internal Affairs and Communications
1985: The Act for Securing the Proper Operation of Worker
Dispatching Undertakings and Improved Working Conditions for
Dispatched Workers is enacted.

©2023 Forum Engineering Inc.

Present2023

7

kokuu – The Brain behind Skill Matching Technology
It consists of numerous technical terms and relational lines that represent technicalre lat ion s h ip s b e twe e n th es e te rms .
Re lat e d te ch n ic al t e rm s are in te rlin ked by re lation al lin e s t h a t take s in t o ac c ou n t t he d e g ree ofc los e n e s s of a re lation s h ip . T h e y ac t a s g rou n d s f or matc h in g .
T h e t e c h n o l o g y d i s c o v e r s l a t e n t r e q u i r e m e n t s a n d s k i l l s o v e r l o o k e d b y c o r p o ra t e c l i e n t s a n d
e n g in e ers an d p rov id e s matc h in g op p or tu n itie s th at will b road e n th e p ot e n t ial .

４trees *

"Product / part," "Technology and tool," "Jobtype / process," "Academic knowledge"

8

sectors“Automotive,” “Transportation
machinery," “Industrial machinery,”“Home appliances / AV,” “Precision
machinery,” “Electric machinery,”“Electronic
components,”“Telecommunications”

Approx.

178K

terms

The number of terms that describe skills

Approx.

147K

lines

The number of relational lines between terms
which detail value and mutual relationships(Note) The numbers of terms and relational lines are as of March 31, 2023.

©2023 Forum Engineering Inc.

8

Mechanism of Direct Matching with kokuu
It visualizes both skill requirements that var y depending on the depar tment of the clientand skills owned by engineers in tree-like diagrams and overlap them to achieve direct
matching .

Corporate clientsEngineers

Skills sought by a company: Techinical Tree

Skills owned by an engineer: Skill Tree
Engineer Z

Engine Technology Department

Engineer Y

Drive System Technology Department

Engineer X

Material Technology Department

Visualized and quantif ied matching results

Matching is madeon the basis of skills.

©2023 Forum Engineering Inc.

9

kokuu's Matching Technology Using Relational Lines
We c o l l e c t a n d a c c u m u l a t e t e c h n i c a l t r e e d a t a f r o m c o r p o r a t e c l i e n t s a t a
department level and use each skill’s relational lines to enable direct matching.

Major automobile manufacturer

EngineerE n g in e D e p ar tme n t Sc ore :28
Power train DepartmentScore:43
Material Department Score:56

Chassis Department Score:77
Accumulated on a
department-bydepartment basis

Re lat ion al
L in e s©2023 Forum Engineering Inc.

10

kokuu – The Brain behind Skill Matching Technology【HOW a Skill Tre e of an e n g in e er is c h e ate d b y c og n av i 】【ツリー構成を動画にて説明いたします】

A short video clip was played during the presentation of May 12

注＊用語の数と関係線の本数は2022年12月末時点©2023 Forum Engineering Inc.

11

INDEX

1. Our Mission

2. Medium-Term Management Plan
[cognavi Vision2026]

3. Sustainability initiatives©2023 Forum Engineering Inc.

12

Non-Consolidated Numerical Targets
in Cognavi Vision 2026

Net Sales

23/3期
FY March
23

FY24/3期
March 24©2023 Forum Engineering Inc.

FY 25/3期
March 25

Operating Profit／ Operating Profit Margin

FY
March 26
26/3期

23/3期
FY March
23

FY 24/3期
March 24

FY 25/3期
March 25

FY26/3期
March 26

13

Consolidated Numerical Targets
in Cognavi Vision 2026

Net Sales

23/3期
FY March
23

FY March
24
24/3期©2023 Forum Engineering Inc.

FY 25/3期
March 25

Operating Profit／ Operating Profit Margin

FY26/3期
March 26

23/3期
FY March
23

FY24/3期
March 24

25/3期
FY
March 25FY
March 26
26/3期

14

Mid-term dividend policy「cognavi Vision2026 」:aiming for continuous profit growth and increased dividends.

120

6,000
100yen（ Estimate ）

100

5,000
80yen
（Estimate）

80

4,000

60 yen
60

48
yen

48
yen

48
yen

50 yen(Forecast)

3,000(Scheduled)

40

2,000

20

1,000

0

0
FY20/3期
March 20 FY21/3期
March 21©2023 Forum Engineering Inc.

FY22/3期
March 22FY
March 23 FY
March 24
23/3期
24/3期

FY
March 25
25/3期

FY
March 26
26/3期

15

Future Growth Scenario

Net sales

５

Overseas:Use India as a stepping stone to expand therecruitment media business globally

4

Cognavi Collage:Plan, implement and support reskilling for engineers
by university professors

３

Cognavi Career Change:Capture career mobility opportunities
of engineers to develop it into a third source of earnings

２

Cognavi Graduate:Develop it into a second source of earnings
by leveraging relationships with universities

１

Cognavi Staffing:Strive to increase the number ofutilized engineers while maintaining
a profitable structure

５

2

3

４

１

Short term
©2023 Forum Engineering Inc.

Medium termLong term

Period16

cognavi Vision2026 (1) Cognavi Staffing
Increase market share steadily while maintaining a profitable structure to achievea status of 5,100 utilized engineers in three years

Number of utilized engineers
5,100
4,791

4,700

4,487

4,286

4,114
3,800

3,986

3,480

April 18
18年4月

April 1919年4月

©2023 Forum Engineering Inc.

April 20
20年4月

April 21
21年4月

April 22
22年4月

April 23
23年4月

April 24
24年4月

April 25
25年4月

April 26
26年4月

Estimate（計画）

Estimate（計画）

Estimate（計画）

17

cognavi Vision2026 (1) Cognavi Staffing
Hiring engineers is a key to organic growth in an environment with chronic shor tage ofengineers.
Take independent measures ②to ④ to step up recruitment and to boost the hiring rate ofengineers.

1 Increase the ratio of engineers hired after their applications
Propose job offers within their commutable area in response to engineers' wishes to work in their local regions
Use kokuu to propose job offers matched with their skills
Increase the hourly wage at the time of hiring to attract highly skilled engineers

2 Re-employ retired engineers
Send regular email messages to engineers who retired in the past encouraging a return to work

3 Employee referral program
Send email messages regularly to employees of the Company who make job referrals to ask them for cooperation
Conduct a campaign for increasing wages at the time of entry on a regular basis

4 Prospective engineers
Send regular email messages encouraging past applicants who declined job offers to reapply©2023 Forum Engineering Inc.

18

cognavi Vision2026 (1) Cognavi Staffing(M&A Basic Policy)
In addition to an organic increase in utilizedengineers, make use of mergers and acquisitions
in a bid for continued growth

Subjects ofconsideration

Companies in Japan only

Temporary staffing companies in mechanical andelectrical areas
Companies that can spread cognavi Services
together with us.

©2023 Forum Engineering Inc.

19

cognavi Vision2026 (2) Cognavi New Graduates
In the next three years, the Company will lay the foundation for realizing a n ambition
through Cognavi Graduate where all 39,000 students in mechanical and electricalengineering are hired by manufacturers to work as engineers.

Number of successful contracts

700

500

250

141
53
12
Grad.

in
21卒
2021

©2023 Forum Engineering Inc.

Grad.

in
22卒
2022

Grad.

in
23卒
2023

Grad.

in
24卒
2024

Grad.

in
25卒
2025

Grad.

in
26卒
2026

20

cognavi Vision2026 (2) Cognavi New Graduates
Engineering Job Seminars for Creating Population
Wit h t h e as p iration to make all s tu d e n ts in me c h an ic al an d e le c tric al e n g in e erin g in t oe n g in e ers , t h e Comp any h as b e e n h old in g s e min ars f or th ird - ye ar u n ive rs it y s t u d e n t s inu n ive rs it ie s s in c e 2015. In th e s e s e min ars , s ome of th e Comp any 's e m p loye e s wh o u s e d t o b e
e n g in e ers at man u f ac tu re rs ac t as le c tu re rs .
A ll m e m b e rs of Cog n av i G rad u ate h ave take n a s e min ar in th is p rog ram .
Mechanical and electrical graduates’
career choices

Number of universities
where seminars were held

Numbers of those taking seminars andof students registered as members

Have non-engineering
jobs

Number of

セミナー受講者数
attendees

Number of new graduates
登録学生数

who are registered at Cognavi

20,00039%

Among 39,000 students inmechanical and electricalengineering, one out offour has taken a seminarin this program.

機電系ofNumberGraduates

学生総数

39,000名

15,000

Universities with
機電系学科のmechanicalandelectricalある大学
departments

140校

9,430

61%

Unv.

8,057

16,000
4,422

12,000Result

実績

8,537
5,480
"Want to make allmechanical and electrical
students engineers"

Grad.
2022

Grad.

23卒
in
2023

Grad.
24卒
in
2024

Grad.

25卒
in
2025

（計画）

Grad.

in
26卒

2026

（計画）

Note: The number of registered students expected to graduate in 2024 iscounted as of end of April 2023.

©2023 Forum Engineering Inc.

Unv.

Except Hokkaido andOkinawa

2,057

22卒
in

120
120
校

Seminars were held as
regular lectures by
1,179 professors at
120 universities.

21

cognavi Vision2026 (2) Cognavi New Graduates
Examples of Engineering Job Seminars
Nearly 80% of the seminars are held as regular lectures for acquiring credits. They haveearned recognition and conf idence to some extent at universities in mechanical andelectrical engineering.

University

Chubu University

Departments
and Courses

Mechanical Engineering,
College of Engineering

Seminar Form

Department seminar

Tokai University
Department of Precision Engineering, School ofEngineering

Ishinomaki Senshu University
Department of Information
Technology and Electronics,
Faculty of Science andEngineering

Joint seminar
Number ofattendees

Voluntary participation

159
71

Number of new
graduates who
are registered at
Cognavi©2023 Forum Engineering Inc.

154

58

5

4

22

cognavi Vision2026 (2) Cognavi New Graduates
Lecture Contents of Engineering Job SeminarT h e lat e s t t e c h n olog y tre n d s are als o in c lu d e d in th e s e min ar, p e rmit t in g s t u d e n t s t o im ag in e
wh at it will b e like to work f or a man u f ac tu re r.
U s in g Cog n av i G rad u ate , s tu d e n ts c an f in d wh at job s th e y will b e ab le t o d o b y ap p ly in g wh at
the y have le arn e d .
Relationships between latest technology
trends and courses taken

Manufacturing process flow andinvolvement of different departments

Experience of matching learning with careers
through Cognavi Graduate

Importance of engineering in
manufacturing

64万人©2023 Forum Engineering Inc.

23

cognavi Vision2026 (2) Cognavi New Graduates
Examples of Matching between Students and Companies
Students can precisely find jobs in which they can exert their skills acquired from theird e s ire d c ou rs e an d ac c e p t u n of f ic ial job of f e rs .

Skill Tree
Mechanical Engineering,
College of Engineering

CoursesManagement/
quality design

Mechanicalengineering

Mathematics

Management/
quality

Design/prod
uctionStatistics

Qualityengineering

Processing
studies

Technical Tree

Research and development
department of a medical
equipment manufacturer

Grounds for matching

Products/
parts

Job category/process

Technology/
tool

Industrial
machineryPrecisionmachinery

Evaluation/analysis

Precisionmachinery

Machinetools

MedicalmachineDesign review

Qualitycontrol/mea
surements

Metal
processing
machinery

Treatment
equipment

Surgical instruments and other products
must conform to severe standards giventhat they may affect human lives and that
Plastic
engineering

Qualityengineering

non-conforming products are totally
unacceptable. Design reviews in thedevelopment process and analysis of

Equipment
fortreatment

Quality control
techniques

Suture needles

Failure analysis

deficiencies require knowledge in quality
engineering and in statistics.

FTA analysis©2023 Forum Engineering Inc.

24

Cognavi Vision2026 (3) Cognavi Career Change
It suppor ts engineers who joined manufacturers through Cognavi Graduate whenseeking other employers later.
Capture career mobility oppor tunities of engineers to develop it into a third source of
earnings.
Screen for job seekers

184

Number of successful contracts

Screen for company side161
142
コグナビ転職
Cogunavi Career Change
転籍Transfers

76

116

109
110

85

108
89

64

Companies understandJob seekers search for job

what the market ofopportunities where theirengineers owned skills

12skills are useful withinsought is like.

21/3期

FY
March
21

their commutable areas.

63

22

20

FY
March
22

FY
23/3期

22/3期

Ratio of job quits within three years of obtaining jobs
(among university graduates)

March
23

34

51

68

FY
24/3期

FY
25/3期
March
(計画)
25

FY
26/3期
March
26
(計画)

Estimate

Plan

Plan

March
24
(計画)

31%

©2023 Forum Engineering Inc.

Note: Ministry of Health, Labour and Welfare: Status of Labour
Turnovers among New Graduate Workers (graduating in March 2019)25

Cognavi Vision2026 (4) Cognavi College
It provides skill training reskilling for engineers working for manufacturers at par tner
universities.
It develops a database of skills owned by professors to make precise matching of highly
technical training according to corporate demand for reskilling .
Par tn e r
u n ive rs itie s

Nu mb e r of s t u d e n t s
Note *As of the end of
March 2023

545名
4Q, 100名

ISHINOMAKI SENSHU UNIVERSITYTEIKYO UNIVERSITY

3Q, 278名

207名
TOKAI UNIVERSITY

KANTO GAKUIN UNIVERSITY

124名

MEIJO UNIVERSITY

4Q, 18名
3Q, 62名
CHUBU UNIVERSITYAICHI INSTITUTE OF TECHNOLOGY

In partnership with a total of 11 universities
Total number of professors: Approx. 800©2023 Forum Engineering Inc.

4Q, 71名

95名
3Q, 58名
4Q, 65名

2Q, 63名

2Q, 25名
1Q, 19名

3Q, 30名

1Q, 15名

FY
20/3期
March 20FY
21/3期
March 21FY
22/3期
March 22

2Q, 161名
1Q, 6名FY
23/3期
March 23

26

Cognavi Vision 2026 (5) Cognavi India
Expansion to India
In 2022, we entered India, where the market potential is more than 35 times greaterthan it is in Japan. Aim to turn all students in mechanical and electrical engineering
into engineers, as in Japan, in a bid to swif tly achieve prof itability.
Manufacturer

STEM students

Major manufacturers
in Japan*1

Approx.
1,400
companies

Cognavi Guraduate

STEM graduates

39K annually*1 Number of our targets

Expanidng the “Cognavi
Graduate” model fromJapan to India
Manufacturer

STEM students

Manufacturers
in the Indian market
Product-Base Industry ※２

STEM graduates

Approx.
30,000companies*2 Estimated by Forum Engineering
based on local market data

©2023 Forum Engineering Inc.

Cognavi
Cognavi Freshers
Freshers ※3※3
Job
インド新卒理工系学生向け
portal site for STEM new
ジョブポータルサイト
graduates in India（2023年6月サービス開始予定）(Launchof the service planned in June 2023)(continued expansion
is expected)

1.5 million
annually*3 Tentative name27

Cognavi Vision2026 (5) Cognavi India
Capital Par tnership among Three Companies in Japan andIndia for Business Acceleration
Cognavi India Private Limited operates in India to develop and run a job por tal
website linking science and engineering students in India with local manufacturers.
The Company par tners with India -based SRM Global Consulting Private Limited andJapan -based Cresco Ltd . and decided to take a capital stake in it.

Global Consulting

An operating body of the SRM
Group centering on SRM
Institute of Science andTechnology, a major private
university in India©2023 Forum Engineering Inc.

Deeply involved indeveloping the Cognavi
system operated by theCompany in Japan28

Cognavi Vision2026 (5) Cognavi India
Current State and Problems about Job Hunting in India
The demand and supply are unbalanced.
(There are an overwhelmingly larger number of students.)
Employmentrate*
A r o u n d 3 0 , 0 0 0 m a n u f a c tu re r s

40％

Around 1.5 million students inmechanical and electrical faculties* According to oursurveyIt is cumbersome to accept alarge number of applications
and to screen them.

Screening is so dependent on
individual skills that it is prone
to bias of related personnel.

There exists no website
providing a job hunting support
service for new graduates.

Employment is controlled by
the recruitment departments ofuniversities.

There exists no template forresumes. Applicants prepare
their resumes independently.

Students cannot choose jobs
based on their learning.

There exists no means of directcommunication between
employers and students.

To cope with these issues, Cognavi Freshers establishesa job hunting platform.
©2023 Forum Engineering Inc.

29

Cognavi Vision2026 (5) Cognavi India
Outline of Cognavi Freshers
Cognavi India is in the process of developing a job por tal website specially designed forstudents who are prospective graduates in India. Launch of the ser vice planned in June
2023
Home screen for student users©2023 Forum Engineering Inc.

30

Cognavi Vision2026 (5) Cognavi India
Outline of Cognavi Freshers
There exists no template forresumes. Applicants prepare
their resumes independently.

After a user selects theirown skills, the system
automatically creates a
resume for them.

©2023 Forum Engineering Inc.

Resume builder

Displaying skills required forthe selected job type and theirweight in the form of a pie
chart
Allowing users to compare theirown skills with the skills
displayed

31

Cognavi Vision2026 (5) Cognavi India
Outline of Cognavi FreshersItis cumbersome to accept a
大量の応募を受け付け、
large number of applications
選考するのが手間
and to screen them.

Applicants management
企業ユーザー 応募者管理画面
screen for corporate users

担当者バイアスのScreening
is so dependent on
individual かかった
skills that it is prone
to bias属人的な選考
of related personnel.

Indicating AI matchingscores of individual
candidates

Comparing candidates in a list
for individual job types for whichapplicants are sought©2023 Forum Engineering Inc.

32

INDEX

1. Our Mission

2. Medium-Term Management Plan
[cognavi Vision2026]

3. Sustainability initiatives©2023 Forum Engineering Inc.

33

Mission
Seeking for the World Where
Skills Connect with One
Another

ESG

SDGs©2023 Forum Engineering Inc.

◆ 「cognavi Vision2026」
Sustainability initiatives– Japan is a manufacturing country now facing a
structural shortage of engineers after its population
began to decline. In Japan and around the world, we
will link courses taken by mechanical and electrical
students and skills owned by mechanical and electricalengineers with manufacturers seeking them on our
original skill matching system, Cognavi, with a view toa world where skills connect. –In medium- and long-term pursuit of its mission fromthree perspectives of the environment (E), society (S) andgovernance (G), the Company will take actions in
consideration of the 17 universal sustainable development
goals (SDGs) addressed by the United Nations for building asustainable society by 2030. The Company will thus findsubjects to work on for conducting new ESG practices thatlead to the Company's sustained growth.

34

ESG

Actions (as of May 12, 2023)

E

Active use renewable energy at the head officeE

Accelerate DX and a paperless shift and improve work
processes

S

Continue to hold engineering job seminars for students inmechanical and electrical engineering

S

Plan and implement corporate training and reskilling training
for engineers at universities

SDGs Target

Use an original AI matching technology based on skills andlearning

S· Provide full support for engineers‘ career development from the stage at
which they are still students expected to graduate.
· Help create job opportunities in regional areas where many
manufacturers have business sites and research institutes· Skill Tree Matching will enable sales staff with no engineering
backgrounds to carry out sales activities.

S

Sponsoring RoboCup Japan Open and Rescue Robot contests.

S

Invest in social bonds issued by the Japan Student Services
Organization for the foundation of scholarship.

S

Carry out a normalization project

G

Maintain a well-balanced governance structure· Five inside directors, three outside directors and three outside Audit &Supervisory Board members (as of May 2023)

G

Set up a Nomination and Compensation Committee chaired byan outside director

G

Take measures for cybersecurity· Two outside directors and one inside director (as of May 2023)©2023 Forum Engineering Inc.

35

Disclaimer
This presentation material contains forward-looking statements including Forum Engineering’s current forecasts,
predictions, targets, and plans. Forward-looking statements use expressions including but not limited to“believe,” “forecast,” “plan,” “strategy,” “expect,” “predict,” “possibility,” and other similar expressions explaining
future business activities, performance, events, and circumstances. Forward-looking statements are based on
the judgment of Forum Engineering management relying on currently obtainable information.
As such, there are various risks and uncertainties that could cause actual business performance or other results
to be materially different from explicit and implicit forecasts contained in the forward-looking statements. Please

be aware that no decisions should be made relying solely on forward-looking statements. Forum Engineering
does not bear any obligations whatsoever to change or correct forward-looking statements in light of new
information, future events, or any other findings.
Information regarding other corporations, etc., and information created by third parties contained in thispresentation material was cited from publicly-available information. Forum Engineering has not conducted an

independent verification of the accuracy and appropriateness of the data, indicators or other matters included inthis information, and thus shall bear no responsibility for its accuracy or appropriateness.
This presentation material was created by Forum Engineering for the sole purpose of disclosing information
related to Forum Engineering, Inc. and does not contain all relevant information relating to Forum Engineering or
its ordinary securities. Any investment decisions with respect to the securities of Forum Engineering should bemade after viewing the materials disclosed by the company and considering all of the information contained
within them.

©2023 Forum Engineering Inc.

36

Contact:
Forum Engineering Inc.
Public Relations and Investor Relations Dept.
【E-mail： ir@forumeng.co.jp】