Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

September 12, 2024

Financial Results
for the Nine Months Ended July 31, 2024
(Under Japanese GAAP)
Company name:
Timee, Inc.
Listing:
Tokyo Stock Exchange
Securities code:
215A
URL:
http://corp.timee.co.jp/
Representative:
Ryo Ogawa, Representative Director and CEO
Inquiries:
Tomoaki Yagi, Director and CFO
Telephone:+81-3-6822-3013
Scheduled date to commence dividend payments:–Preparation of supplementary material on financial results: Yes
Holding of financial results briefing:
Yes (for institutional investors and securities analysts)(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Financial results for the nine months ended July 31, 2024 (from November 1, 2023 to July 31, 2024)(1) Operating results (cumulative)(Percentages indicate year-on-year changes.)

Net sales
Nine months ended

Operating profit

Ordinary profit

ProfitMillions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

July 31, 2024

19,025–

2,793

–

2,472

–

1,466–

July 31, 2023––––––––

Basic earnings
per share
Nine months ended
July 31, 2024

Diluted earnings
per share
YenYen

15.42

13.70

July 31, 2023––
Notes 1. The figures for the nine months ended July 31, 2023 and the percentages of year-on-year changes are not stated, as theCompany has not prepared the quarterly financial statements for the nine months ended July 31, 2023.
2. The Company conducted a 3,000-for-1 split of its common stock effective March 31, 2024. Basic earnings per share anddiluted earnings per share were calculated based on the assumption that said stock split was conducted at the beginning of
the fiscal year.
3. As the Company was listed on the Growth Market of the Tokyo Stock Exchange on July 26, 2024, diluted earnings per sharefor the nine months ended July 31, 2024 were calculated by considering the average price of shares during the period fromthe date of the initial listing to the end of the third quarter of the fiscal year ending October 31, 2024 as the average price ofshares during the period.

(2) Financial position
Total assets
As ofNet assets

Equity ratio

Millions of yen

Millions of yen

July 31, 2024

22,508

7,682

34.0

October 31, 2023

17,800

6,201

34.7

Reference:

EquityAs of July 31, 2024:
As of October 31, 2023:¥7,664 million¥6,182 million%

2. Cash dividends
First quarter-end
Fiscal year ended
October 31, 2023
Fiscal year ending
October 31, 2024
Fiscal year ending
October 31, 2024
(Forecast)

Annual dividends per share
Second quarter-end Third quarter-end
Fiscal year-end

TotalYenYenYen

YenYen–0.00–

0.00

0.00

–0.00

–
0.00

0.00

Note: Revisions to the forecast of cash dividends most recently announced: None

3. Financial results forecast for the fiscal year ending October 31, 2024 (from November 1, 2023 toOctober 31, 2024)(Percentages indicate year-on-year changes.)
Net sales
Millions of yen

Full year

27,556

Operating profit% Millions of yen

70.7

Ordinary profit% Millions of yen

4,091 109.0

3,623

Note: Revisions to the financial results forecast most recently announced: None

Basic earnings
per shareProfit% Millions of yen

88.32,253%

Yen25.0

23.69

* Notes(1) Adoption of accounting treatments specific to the preparation of quarterly financial statements: None
(2) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: None(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(3) Number of issued shares (common stock)(i)

Total number of issued shares at the end of the period (including treasury shares)
As of July 31, 2024
As of October 31, 2023

95,139,000 shares
94,797,000 shares(ii) Number of treasury shares at the end of the period
As of July 31, 2024
As of October 31, 2023

– shares– shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscalyear)
Nine months ended July 31, 2024

95,072,333 shares

Nine months ended July 31, 2023
– shares
Notes 1. The average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
for the nine months ended July 31, 2023 is not stated, as the Company has not prepared the quarterly financial
statements for the nine months ended July 31, 2023.
2. The Company conducted a 3,000-for-1 split of its common stock effective March 31, 2024. The total number ofissued shares at the end of the period (including treasury shares) and the average number of shares outstanding
during the period (cumulative from the beginning of the fiscal year) were calculated based on the assumption thatsaid stock split was conducted at the beginning of the previous fiscal year.

* Review of the Japanese-language originals of the attached quarterly financial statements by certified public
accountants or an audit firm: None
* Proper use of financial results forecast and other special matters
The financial results forecast and other forward-looking statements herein are based on information currently
available to the Company and certain assumptions that the Company deems reasonable, and they are notintended to be a promise by the Company that they will be achieved. Actual results may differ significantly
from those forecasts due to a wide range of factors. For the above-mentioned financial results forecast, pleaserefer to page 3 of the attached documents, “1. Qualitative Information on Quarterly Financial Results, (3)Explanation of Financial Results Forecast and Other Forward-looking Information.”Table of Contents - Attachments
1. Qualitative Information on Quarterly Financial Results ......................................................................... 2(1) Explanation of Operating Results ....................................................................................................... 2(2) Explanation of Financial Position ....................................................................................................... 3(3) Explanation of Financial Results Forecast and Other Forward-looking Information ........................... 3
2. Quarterly Financial Statements and Principal Notes ............................................................................... 4(1) Quarterly Balance Sheets .................................................................................................................... 4(2) Quarterly Statements of Operations .................................................................................................... 6Nine Months Ended July 31 .................................................................................................................. 6(3) Notes to Quarterly Financial Statements ............................................................................................ 7(Notes on going concern assumption) ............................................................................................ 7(Notes in case of significant changes in shareholders’ equity) ...................................................... 7(Notes on segment information, etc.) ............................................................................................. 7(Notes on statements of cash flows) ............................................................................................... 71

1. Qualitative Information on Quarterly Financial Results(1) Explanation of Operating Results
Forward-looking statements herein were determined as of the end date of the quarter of the fiscal year underreview.
Under the vision “Helping individuals create more valuable time” and having a mission “Building
infrastructure for expanding life’s possibilities through work,” the Company provides on-demand job platform“Timee,” a fee-charging employment placement business that matches “time when someone wants to work” and“time when workers are needed” across the country. Different from conventional recruitment platforms, jobs
which are matched on “Timee” are based on direct employment between clients and workers on a one-day basis.
During the nine months ended July 31, 2024, the Japanese economy continued to recover moderately associal and economic activities were further normalized. Meanwhile, the outlook still remained uncertain due tofactors such as rising prices caused by an unstable global situation and volatile foreign currency fluctuations
caused by monetary policies by multiple countries.
In the labor market, the Central Minimum Wages Council, an advisory body to the Minister of Health,Labour and Welfare, set a guideline for the national average of the minimum wage for 2024 at 1,054 yen perhour, and thus the minimum wage is expected to rise. In addition, as labor shortages become chronic for society
as a whole amid the declining population, falling birthrate, and aging society, there are expanding needs for
acceptance of outside personnel by companies and diverse ways of working. Accordingly, we believe thatdemand for our business that offers new ways of working will further expand.
In such a social and economic environment for Japan, our matching business facilitated the mobility ofhuman resources and continued to increase the number of registered client accounts of our services including
those in the food and retail industries. Furthermore, we strove to enhance marketing efficiency by continuously
monitoring advertising market trends and customer responses for each advertising medium as well as CPI*1.
Marketing activities through large-scale mass promotions as TV commercials conducted in November andDecember 2023 and March and July 2024, mainly targeting workers, resulted in a considerable increase in thenumber of registered workers.
As a result, the number of registered workers exceeded 8.6 million and the number of registered client
accounts exceeded 286 thousand during the nine months ended July 31, 2024, generating transaction volume(the total amount of wages and transportation expenses paid to workers) of 64,141 million yen (up 72.4% yearon year).
For the nine months ended July 31, 2024, the Company reported net sales of 19,025,012 thousand yen,operating profit of 2,793,355 thousand yen, ordinary profit of 2,472,046 thousand yen and profit of 1,466,927
thousand yen.
Figures by segment are omitted, because the Company operates a single business segment of the “Timee”
business.
*1. CPI, an abbreviation of cost per install, refers to acquisition cost per new worker.

2(2) Explanation of Financial Position(Assets)
Current assets as of the end of the third quarter under review were 21,242,314 thousand yen, up 4,412,287thousand yen compared with the end of the previous fiscal year. This was mainly due to a 1,791,668-thousandyen increase in cash and deposits as a result of borrowing, a 620,027-thousand-yen increase in accounts
receivable – trade by as a result of increased net sales, a 1,945,680-thousand-yen increase in advances paid forwages and transportation expenses paid to workers as a result of increased use of “Timee,” and a 67,888thousand-yen increase in prepaid expenses such as fees for the lump-sum payment service for annual expenses
as a result of business expansion. Also, non-current assets as of the end of the third quarter under review were1,266,368 thousand yen, up 296,240 thousand yen compared with the end of the previous fiscal year. This was
mainly due to a 123,042-thousand-yen increase in guarantee deposits related to the head office where we plan toincrease floor space and a 152,421-thousand-yen increase in deferred tax assets.
As a result, total assets were 22,508,683 thousand yen, up 4,708,527 thousand yen compared with the endof the previous fiscal year.
(Liabilities)
Current liabilities as of the end of the third quarter under review were 14,010,399 thousand yen, up
3,338,731 thousand yen compared with the end of the previous fiscal year. This was mainly due to a 1,349,800thousand-yen increase in short-term borrowings for paying advances for business expansion and a 998,604thousand-yen increase in income taxes payable as a result of utilization of tax loss carried forward in the previous
fiscal year. Also, non-current liabilities as of the end of the third quarter under review were 815,729 thousand
yen, down 110,795 thousand yen compared with the end of the previous fiscal year. This was mainly due to a108,335-thousand-yen decrease in long-term borrowings as a result of repayment of borrowings.
As a result, total liabilities were 14,826,128 thousand yen, up 3,227,936 thousand yen compared with theend of the previous fiscal year.
(Net assets)
Net assets as of the end of the third quarter under review were 7,682,555 thousand yen, up 1,480,590
thousand yen compared with the end of the previous fiscal year. This was mainly due to an increase in retained
earnings as a result of recorded profit of 1,466,927 thousand yen for the nine months ended July 31, 2024.

(3) Explanation of Financial Results Forecast and Other Forward-looking Information
The financial results forecast for the full year ending October 31, 2024 remains unchanged from thefinancial results forecast that the Company disclosed in the “Notice Regarding Financial Results, Etc.
Accompanying Listing on the Growth Market of the Tokyo Stock Exchange” dated July 26, 2024.

3

2. Quarterly Financial Statements and Principal Notes(1) Quarterly Balance Sheets(Thousands of Yen)As of October 31, 2023
AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Accounts receivable - otherAdvances paid
Prepaid expenses
Allowance for doubtful accounts
Total current assets
Non-current assets
Property and equipment
Leasehold improvements
Tools, furniture and fixtures
Leased assets
Accumulated depreciation
Total property and equipment
Investments and other assets
Investments in capital
Guarantee deposits
Long-term prepaid expenses
Deferred tax assets
Total investments and other assets
Total non-current assets
Total assets

4As of July 31, 2024

7,996,093
2,080,449
7,657
6,496,633
270,321(21,127)
16,830,027

9,787,762
2,700,476
3,800
8,442,314
338,209(30,249)
21,242,314

336,223
304,962
21,600(148,514)
514,271338,519
423,837
21,600(252,596)
531,36010
324,647
134
131,065
455,856
970,128
17,800,156

10
447,690
3,820
283,486
735,007
1,266,368
22,508,683

(Thousands of Yen)
As of October 31, 2023
Liabilities
Current liabilities
Short-term borrowings
Current portion of long-term borrowings
Lease liabilities
Accounts payable - otherAccrued expenses
Advances received
Deposits received
Income taxes payable
Accrued consumption taxes
Total current liabilities
Non-current liabilities
Long-term borrowings
Lease liabilities
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings (accumulated deficit)
Total shareholders' equity
Share acquisition rights
Total net assets
Total liabilities and net assets

5As of July 31, 2024

7,050,200
200,628
3,175
1,747,764
1,031,09537,839
55,348103,597442,019
10,671,667

8,400,000
145,352
3,265
2,237,167
1,522,676
79,98990,904
1,102,201
428,842
14,010,399

908,415
18,109926,524
11,598,191

800,080
15,649815,729
14,826,128

100,000
6,976,793(894,128)
6,182,665
19,2996,201,964
17,800,156

107,254
6,984,047
572,799
7,664,101
18,453
7,682,555
22,508,683

(2) Quarterly Statements of Operations
Nine Months Ended July 31(Thousands of Yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Income from point programs
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Loss on disposal of property and equipment
Office relocation expenses
Listing expenses
Miscellaneous expenses
Total non-operating expenses
Ordinary profit
Extraordinary gain
Gain on extinguishment of share acquisition rights
Total extraordinary gain
Profit before income taxes
Income taxes – current
Income taxes – deferred
Total income taxes
Profit

For the nine months ended
July 31, 2024
19,025,012
888,028
18,136,983
15,343,627
2,793,355
22
12,755
2,773
15,552
41,209205
182
294,479785
336,861
2,472,046
526
526
2,472,572
1,158,067(152,421)
1,005,645
1,466,927

6

(3) Notes to Quarterly Financial Statements(Notes on going concern assumption)
Not applicable.
(Notes in case of significant changes in shareholders’ equity)
Not applicable.
(Notes on segment information, etc.)[Segment information]
Segment information is omitted because the Company operates a single business segment of the “Timee”
business.

(Notes on statements of cash flows)
Quarterly statements of cash flows for the nine months ended July 31, 2024 have not been prepared.
Depreciation for the nine months ended July 31, 2024 was as follows:

Depreciation(Thousands of Yen)
For the nine months endedJuly 31, 2024
¥127,6227