Fiscal Year Ended March 2023 (FY2023)

Financial Results Briefing Material

Confidence Inc.

Securities code: 7374

Table ofContents

01

P.3

02

Executive Summary

Company
Overview

04

05

P. 25

Shareholder
Returns

P. 11

03

P. 14

Consolidated
Financial Results andSegment Results

P. 27

06

P. 30

Progress in Growth Overview ofStrategies/Business Merger
TopicsAgreement
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2

01

Executive Summary

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3

Financial Highlights of FY2023
 Achieved record highs in revenue as well as in profits at respective stages

 Achieved year-on-year growth of 17.5% in revenue and 25.2% in operating profit, with the operating profit margin at 18.0%▍Full-year results

Revenue

Gross profit

5.20 billion yen

1.84 billion yen
Gross profit margin:

35.4%+17.5%
YoY+20.5%
YoY

Staffing
assignments

Operatingprofit+73

813 people

from the end of

FY20220.93 billion yen

Operating profit margin:

18.0%+25.2%YoY* Figures are rounded to the nearest million yen.
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4

Performance Trends
 Progress rate against the earnings forecast (initial plan) stood at 100.0% for revenue (100.9% in FY2022) / 109.8% for operating profit(103.5% in FY2022)▍Operating profit▍Revenue+17.5%(Million yen)

+24.0%

6,000
5,000

0

+23.3%

1,000

Progressrate
900◀ 100.0%

3,569

500
400

2,004

46
FY2015FY2016

200

512

100
0

FY2017FY2018

335

300

1,140
188

604

600

2,604

Established inAugust 2014

FY2019

Past
results

933

Progressrate(initial)◀ 109.8%

745

700

3,000

1,000

(Million yen)

800

4,425

4,000

2,000

5,197

+25.2%FY2020

FY2021

FY2022

FY2023Current
予想
fiscal
year

-100

69

148

174

-6
-15
FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023
Past
results

Current
fiscalyear

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5

Summary of Dividend Distribution for FY2023
 Year-end dividend for FY2023 has been finalized at 28.0 yen per share, as announced on February 9, 2023, in the revisions to dividend forecast
 This resulted in DOE (dividend on equity ratio) for FY2023 of 12.1%, exceeding the target of 10%▍Full-year results

Dividend
per share

48.0 yen(finalized)
DOE

12.1%

+20.0%YoY

Of which,interimdividend(actual)Of which,
year-end
dividend(finalized)

20.0 yen

28.0 yen±0.0 yenfromforecast±0.0 yenfromrevisedforecast

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6

Execution of Merger Agreement with Interworks, Inc.
 Executed a merger agreement with Interworks, Inc. as of the date of this document, with the intention to conduct business integration with thecompany on August 1, 2023 (planned)
 The new company’s name is Kabushiki Kaisha Confidence Interworks (English name: Interworks Confidence Inc.)

Absorbing and surviving company

Absorbed and dissolving company
Merger ratio
1 : 0.205

VisionEnvisioning t he fut ur et og et her a t t he fr ont lineof t he c r ea t ive ind ust r yAbsorptiontype merger

August 1, 2023 (planned)
New company:

Kabushiki Kaisha Confidence Interworks(English name: Interworks Confidence Inc.)
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7

Vision of the New Company

VisionEmpowering Professionals
to Create the Future Together
×

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8

Background and Purpose of the Business Integration▍Purpose of business integration

1

2

3

Expanding the business areas of the HR Solution business /achieving business growth through cross-selling
Reinforcing the Media business
Strengthening business management foundation andreducing administration costs

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9

Briefing Session on the Merger▍Briefing session video to be released A video presentation explaining the merger will be

distributed from 3:30 p.m. on Friday, May 26, 2023
We plan to explain the details of the merger andrespond to questions that were asked in advance
For inquiries on this matter,
please contact the Administration Division of Confidence Inc.
(ir@confidence-inc.jp)

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10

02

Company Overview

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11

Company Overview
Company name

VisionNobuyuki Takushi, President

Representative

Envisioning the future together
at the frontline of the creative industry
Jointly create a future in which creators achieve their dreams ofwell-received, which leads to the advancement of clientorganizations, the industry, and society

August 2014

Head office

BYGS Shinjuku Bldg. 10F
2-19-1 Shinjuku, Shinjuku-ku, Tokyo[Osaka Branch] Daiei Building New Building 9F
1-12-7 Shibata, Kita-ku, Osaka-shi, Osaka

Branch/studio[Fukuoka Branch] Nishinippon Shimbun Kaikan 15F
1-4-1 Tenjin, Chuo-ku, Fukuoka-shi, Fukuoka

Newly established[QA Studio] Sakazen Shinjuku Building 9F, 2-19-13 Shinjuku, Shinjuku-ku, Tokyo

Relocation/floor expansion
Consolidated
subsidiary

Officers

Clients

Joined Staff Service Co., Ltd. in 1996, and worked as a person in charge of recruiting in the Human
Resources Department. Joined Staff Service Sales Marketing Co., Ltd. and, as Director and General
Manager of Marketing, drove growth of such departments as staffing, recruitment and outsourcing.
Assumed the position of President of Confidence Inc. in 2015 (current position).

Establishedcareer enhancement, the products in which they were involved are

Creators

Confidence Inc.

Dolphin Inc.

Established on April 3, 2023

Confidence Pro Inc.
President

Nobuyuki Takushi

Outside Director

Hirofumi Miki

Senior Managing
Director

Takuro Yoshikawa

Outside Director

Toshinori Aoki

Director and General
Manager,
Administration Division

Koji Nagai

Outside Auditor

Takashi Yachi

Outside Director

Reona Amemiya

Outside Auditor

Tadahiko Yasukuni

Outside Director

Midori Mizutani

Outside Auditor

Kenya Fujimori

Paid-in capital

508 million yen (as of March 31, 2023)

Line of business

Staffing, recruitment and outsourcing services for gaming and entertainment industries
Media operations

No. of employees

958 (as of March 31, 2023) [consolidated]

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12

Business Overview
1. HR Solution business

2. Media business

Staffing business/recruitment businessMedia site operations

Accommodate the needs of each phase/department
Planning

Development

Planners

Engineers/designers

Planning anddevelopment

Quality
management
Testing/debugging

SupportBack office

Customer
support

Clerical work/
assistants

LovelyMedia for women

Plush

Fortune-telling media

GAMEMOInterview media
related to Web 3.0▍Outsourcing businessWeb marketing business

Provide outsourcing support fromdevelopment to operation phases

Conduct promotion support, such as social
media operation service, based on operational
know-how of media sites,
and accommodate not only the gaming
industry but a wide range of other industries

DesignMultilingual
localization

DebuggingOperation
services

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13

03

Consolidated Financial Results andSegment Results
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14

[Consolidated] Financial Highlights of FY2023 (Full Year) Revenue and respective profits continued to grow steadily from the year-earlier period Ongoing growth while maintaining high profit margins with gross profit margin at 35.4% (target: over 30%) and operating profit margin at

18.0% (target: over 15%）

▍Full-year results(Million yen)

FY2022(Full year)

FY2023(Full year)

YoY

Full-year forecast- Revised -Progress rate(announced on
February 9, 2023)

Revenue ＊

4,425

5,197

+17.5%

5,200

100.0%

Gross profit

1,528

1,841

+20.5%

1,832

100.5%

Gross profit
margin

34.5%

35.4%

+0.9 pts

35.2%

Operating profit

745

933

+25.2%

16.8%

18.0%

Ordinary profit

737

Profit530

Operating profit
marginFull-year forecast- Start of FY2022 - Progress rate(announced on
May 12, 2022)

5,200

100.0%◀

1,787

103.0%

-

◀

34.4%

-

910

102.6%◀

850

109.8%+1.2 pts

17.5%

-

◀

16.3%

-

927

+25.7%

909

102.0%◀

848

109.4%

617+16.4%

600

103.0%◀

585

105.6%* Figures after eliminating internal sales within the consolidated companies are indicatedCopyright© Confidence Inc. All Rights Reserved.

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15

[Consolidated] Results Trends by Business (Full Year) By business segment, the HR Solution business has driven revenue and operating profit▍Revenue(Million yen)

6,000

HR Solution businessMedia business
売上高

5,197
4,425

3,569

4,000

2,604
2,000

77

FY2020

1,000

営業利益

4,347

5,120

400

200

FY2021

FY2022

933

Media business

8745

FY2023

0

7

5

600

2,456

0

HR Solution business

604

72

3,496

(Million yen)

800

77

147

+25.2%▍Operating profit+17.5%

925

335
17

599

738

318

FY2020

FY2021

FY2022

FY2023* Figures after eliminating internal sales within the consolidated companies are indicatedCopyright© Confidence Inc. All Rights Reserved.

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16

[Consolidated] Quarterly Results Trends by Business The HR Solution business, our mainstay operation, remained strong and grew continuously, renewing record-high revenue in Q4

 Operating profit increased 6.1% year on year in Q4, even after factoring in provision for performance bonuses and expenses for relocationand floor expansion of the QA Studio and establishment of Fukuoka Branch▍Revenue (quarterly trends): HR Solution business(Million yen)

1,500

1,000

832
24

830
12

500
808

0

1,336

1,293 1,316 17
15
1,250

: Media business

817

926
14

▍Operating profit (quarterly trends)+13.3%

979
20

1,042 1,052
17

1,149
24

1,180 16

(Million yen)300

: Media business

28

236

16

18

200

912

958

1,024

1,034

1,163

1,234

1,265

1,301

161

Q1 FY21.3
Q2 FY21.3
Q3 FY21.3
Q4 FY22.3
Q1 FY22.3
Q2 FY22.3
Q3 FY22.3
Q4 FY23.3
Q1 FY23.3
Q2 FY23.3
Q3 FY23.3
Q4
FY21.3
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
FY2021
FY2022
FY2023

134

100
159

0

0

133

180

2

170

241
2

206

240
180

191
3

0

4

186

6

180

123

0

1,318

181 172

-1

4

264

-4

211

185
1

1,125

+6.1%

: HR Solution business

258

238
187

118

Q1 FY21.3
Q2 FY21.3
Q3 FY21.3
Q4 FY22.3
Q1 FY22.3
Q2 FY22.3
Q3 FY22.3
Q4 FY23.3
Q1 FY23.3
Q2 FY23.3
Q3 FY23.3
Q4
FY21.3
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
FY2021
FY2022
FY2023* Figures after eliminating internal sales within the consolidated companies are indicatedCopyright© Confidence Inc. All Rights Reserved.

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[HR Solution Business] Financial Highlights of FY2023 (Full Year) Securely achieved growth in revenue and segment profit while keeping profit margin at a high level▍Full-year results
FY2023(Full year)(Million yen)

Revenue＊

Gross profit
Gross profit margin
Segment profit
Segment profit margin

FY2023(Full year)

Full-year forecast- Revised -YoYProgress rate

4,353

5,138

+18.0%

5,140

100.0%

1,481

1,801

+21.6%

-

-

34.0%

35.1%

+1.1 pts

-

-

1,166

1,433

+23.0%

-

-

26.8%

27.9%

+1.1 pts--* Figures after eliminating internal sales within the consolidated companies are indicatedCopyright© Confidence Inc. All Rights Reserved.

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18

[HR Solution Business] Trends in Major KPIs
 Creator staffing assignments, which serve as the foundation of the Company’s recurring income model, steadily increased, although

they slightly stagnated in Q4, rising by 73 people from the year-earlier period The utilization rate has been kept at a high level since last year

▍Creator staffing assignments+73 people

1000

800

600

504

529

564

620

630

673

▍Utilization days*1 / Utilization rate*2

715

740

768

775

816

Utilization days

80.0

813

60.0

99.4%

99.9%

99.7%

99.6%

99.5%

99.2%

99.8%

99.4%

56.7

54.5

56.9

55.0

56.4

55.7

55.9

55.3

60.0%

40.0

0.0

100.0%
80.0%

40.0%

20.0

20.0%

0.0%
Q22Q
Q33Q
Q44Q
Q11Q
Q2 2Q
Q33Q
Q44Q
FY23
FY23
FY23
FY23
FY23
FY23
FY23
FY2023
FY2022*1 Quarterly total of the number of days arrived at by dividing the total number of days worked by each
person on a monthly basis by the number of utilized persons at the end of the month* As the above formula is applied from the current fiscal year, figures for the previous fiscal year havebeen re-calculated by using the formula*2 The ratio obtained by dividing the total number of utilized staff at month end by the total number of staff
that can be utilized at month end

400

Q11Q
FY23

▍Trends in average daily overtime hours*

200

FY20220.8
0Utilization rate

0.6
FY21
Q11Q FY21
Q22Q FY21
Q33Q FY21
Q44Q FY22
Q11Q FY22
Q22Q FY22
Q33Q FY22
Q44Q FY23
Q11Q FY23
Q22Q FY23
Q33Q FY23
Q4 4Q

FY2021

FY2022

FY2023

0.4

0.68

0.71

0.60

0.63

Apr

May

FY2023
0.69

0.69

0.58

0.59

Jun

Jul

0.68

0.66

0.69

0.61

0.62

0.59

Aug

Sep

Oct

0.63

0.74

0.63

0.64

0.59

0.60

0.60

0.61

0.59

Nov

Dec

Jan

Feb

Mar

0.62

0.2
0

* Daily average obtained by dividing the average total monthly overtime hours by the average number ofactual utilization days
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19

[Media Business] Financial Highlights of FY2023 (Full Year) Although the Media business accounts for a small portion of overall revenue and the impact on consolidated results is limited, the full-year

results were at a level similar to the previous fiscal year We aim to establish and expand the ecosystem through collaboration with the HR Solution business, after securing profitability of the businessas a minimum requirement▍Full-year results
FY2022(Full year)(Million yen)

Revenue＊

Gross profit
Gross profit margin
Segment profit
Segment profit margin

FY2023(Full year)

Full-year forecast- Revised -YoYProgress rate

77

77

+0.2%

77

100.4%

46

39-14.7%

-

-

60.4%

51.5%

-8.9 pts

-

-

13

18

+37.7%

-

-

17.5%

24.1%

+6.6 pts--* Figures before eliminating internal sales within the consolidated companies are indicatedCopyright© Confidence Inc. All Rights Reserved.

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20[Media Business] Trends in Major KPIs and Targeted Revenue Structure Page views (PVs) were at a low level throughout Q4

 Aim to establish and expand the ecosystem through collaboration with the HR Solution business▍Trends in PVs▍Improvements in current revenue structure / Target(Thousand PVs)
50,00045,00040,00035,00031,20333,49537,52236,015

Targetedrevenuestructure

31,71930,00025,000

Revenuestructure
for FY2022

41,363

26,59043,463
21,865

21,76820,00017,77915,00010,000

FY2021Q1 FY2021
Q2 FY2021
Q3 FY2021
Q4 FY2022
Q1 FY2022
Q2 FY2022
Q3 FY2022
Q4 FY2023
Q1 FY2023
Q2 FY2023
Q3 FY2023
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4

FY2021

Shift the primary source of revenue
from advertising network to
outsourced promotional services

FY2022

FY2023

Revenuestructure
for FY2023

The ratio of outsourced promotional services
in revenue sources rose due to a one-time
project in Q2, but continuous improvementof revenue structure is not attained■ Revenue from Advertising network■ Outsourced promotional services■ Media production and others

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21

[Consolidated] Quarterly SG&A Expenses Trends
 In line with the revenue growth, made investments to prepare for future growth, taking account of our target profit margin ➡ appropriately

controlled SG&A expenses
 SG&A expenses for Q4 ended up increasing due to accrual of performance bonuses for achieving good results and expenses for relocationand floor expansion of the QA Studio and establishment of Fukuoka Branch▍Quarterly trends(Million yen)

Personnel expenses

300

Rent expenses on land and buildings

Commission expenses

Depreciation

250

231

200

150

100

143

143

24

26

2

15
6
13

1

17
4
13

149
27
2

19
4
13

195

188

37

32

2

2

30

32

4
13

9
13

176
32
2

24

5
13

187
35
7
27
5
13

0

80

Q1

79

Q2

17
33
11
14

Other

61
219

212
36
17
29
7
15

189

36

32

6

2

28
7
15

33

82

Q3

FY2021

Q4

98

Q1

98

Q2

98

Q3

FY2022

118

Q4

105

Q1

103

Q2

119

Q3

FY2023

1,000

9
36
9
17

7
16

＊1

105

Other
Depreciation
Commission expenses
Taxes and dues
Rent expenses on land and buildings

285

＊1

＊1

50

34

▍Annual trends

Taxes and dues

800

600

400

908
783

166

631

134

36
127

115

28
118

32
65

＊2

8
83
21
54

150

＊1
＊1

200

Q4

32
55

0

＊1

348

FY2021413

FY2022479

FY2023*1 Includes performance bonus (15 million yen for FY2021 / 16 million yen
for FY2022 / 23 million yen for FY2023)
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22

[Consolidated] Factor Analysis of Increase/Decrease in Operating Profit (YoY) Gross profit increased steadily along with business expansion, contributing to larger operating profit
 Moreover, recruited head office employees and took measures in line with enhanced recognition of the Company, toward achieving

continuous growth((Million yen)

Gross profit

SG&A expenses

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23

[Consolidated] Balance Sheets/Statements of Cash Flows There is no concern about financial stability (net cash: 2.02 billion yen / equity ratio: 69.6%)▍Balance sheets at end of Q4 FY2023（Million yen）

▍Cash flows for Q4 FY2023 (Cumulative)

Other current liabilities

846

Cash and deposits

Borrowing 22

2,047

Net assets

2,023

Other current assets

614

Non-current assets 230

Share capital

Capital surplus
Retainedearnings

Treasury shares

Share acquisitionrights

508 million yen
400 million yen
1,104 million yen-0 million yen
11 million yen（Million yen）

Balance of cash and deposits as of March 31, 2022

1,724

Cash flows from operating activities *+748

Cash flows from investing activities-82

Cash flows from financing activities **-343

Increase/decrease in cash and deposits+322

Balance of cash and deposits as of March 31, 2023

2,047

*

Subtotal of cash flows from operating activities: +965 million yen,income taxes: -205 million yen, other, net: -11 million yen** Dividends paid: -274 million yen, repayments of borrowings: -90 million yen,other, net: +21 million yen

Financial indicators
Net cashEquity ratio

2.02 billion yen
69.6%

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24

04

Shareholder Returns

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25

Dividends of Surplus for FY2023
 For FY2023, finalized at 48.0 yen per share (year-end dividend: 28.0 yen), increasing from the previous fiscal year

➡ Payments will commence on June 14, 2023 (planned)
 Achieve shareholder returns in a way surpassing the target values of both payout ratio and DOE that have been set as target indicators
Dividend
forecast│target
indicators

Target indicators
Highercapitalefficiency

ROE

Return toshareholders

×

Payout ratio

DOE(Dividend on
equity ratio)

48.0 yen

FY2023(finalized)

FY2022vs. forecast /(previous fiscal
vs targetyear)

48.0 yen ±0.0 yen

40.0 yen

YoY

Dividend per
share(Of which, interim
dividend: 20 yen)

(Of which, interim
dividend: 20 yen)

Payout ratio

30.0%

35.6%

+5.6 pts

33.8%+1.8 pts

DOE

10.0%

12.1%

+2.1 pts

15.7%-3.6 pts(Of which, interim
dividend: 0 yen)

+20.0%

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26

05

Progress in Growth Strategies/Business Topics

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Growth Strategy (Overall Picture) Will continue to expand business scale in line with the six initiatives of the medium- to long-term growth strategy announced upon listingin June 2021

Six initiatives of the medium- to long-term growth strategy

Deepen client relationships and establish an ecosystem

Acquire an overwhelming
market share in staffing businessby deepening client relationships
Staffing

Maximize transaction
opportunities by strengthening
cross-selling
Staffing
HR

Media

Outsourcing

× Recruitment × Outsourcing

Enhance business
management efficiency
by establishing an ecosystem
HR Solution

×

Media

Utilize knowledge obtained from expanding target markets andoutsourcing service business, and develop into new markets
Expand business of HR Solution services

Industry│Area│Contract typeEntertainment
industry

Regional
operation baseFreelance

Expand the scale andaccumulate knowledge by

expanding the outsourcing service business
Promotions

Gaming-related
outsourcing

Expand matching solutions

Expand into new
business areas
Web 3.0

Metaverse

Other areas

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|28

Growth Strategy: Expand Business of HR Solution Services [Enter into Freelance Business Area]
Press release dated February 9, 2023

Expand business of HR Solution services

Industry│Area│Contract typeCompany name

Confidence Pro Inc.

Location

BYGS Shinjuku Bldg. 10F
2-19-1 Shinjuku, Shinjuku-ku, Tokyo• Assign high-end talent and capture demand of new layers oftalent such as those hoping to work as freelancers

Freelance

Representative

Takuro Yoshikawa

Established

April 3, 2023

Share capital

30 million yen

Line of business

Freelancer matching business for the gaming andentertainment industries

Investment stake

100% owned subsidiary of Confidence Inc.

• Enable responses to diverse work styles• Exert synergy with the staffing business by implementing
freelancing business
Gain new layers

Freelancers(outsourcing services)High-end

SkillsEntertainment industry Regional operation base

Background of establishment

Middle-end

Main layers of talent
for staffing business

Low-endCopyright© Confidence Inc. All Rights Reserved.

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29

06

Overview of Merger Agreement

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30

Execution of Merger Agreement with Interworks, Inc.
 Executed a merger agreement with Interworks, Inc. as of the date of this document, with the intention to conduct business integration with thecompany on August 1, 2023 (planned)
 The new company’s name is Kabushiki Kaisha Confidence Interworks (English name: Interworks Confidence Inc.)

Absorbing and surviving company

Absorbed and dissolving company
Merger ratio
1 : 0.205

VisionEnvisioning t he fut ur et og et her a t t he fr ont lineof t he c r ea t ive ind ust r yAbsorptiontype merger

August 1, 2023 (planned)
New company:

Kabushiki Kaisha Confidence Interworks(English name: Interworks Confidence Inc.)
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Company Overview ： Interworks, Inc
Company nameInterworks, Inc.

Representative

Kazuyuki Matsumoto, President

EstablishedMarch 1991

Head office

NBF Toranomon Bldg. 8F
1-6-21 Nishishinbashi, Minato-ku, Tokyo

BranchFiscal year End

Officers[Osaka Branch] Shinosaka Central Tower South Bldg. 10F
5-5-15 Nishinakajima, Yodogawa-ku, Osaka-shi, Osaka[Nagoya Branch] Metlife Meiekiminami Bldg.3F
2-10-22 Meiekiminami Nakamura-ku, Nagoya-shi, Aichi
End of March
President

Kazuyuki Matsumoto

AuditorYoshitaka Maruta

Director

Kenya Fujimori

Outside Auditor

Kiyoshi Takakura

Outside Director

Arata Shimizu

Outside Auditor

Takanobu Yamaguchi

Outside Director

Tomonori Hayakawa

Operating Officer

Takuro Maeda

Operating Officer

Masatsugu Kudo

Paid-in capital

172 million yen (as of March 31, 2023)

Line of businessMedia & Solutions business, Recruitment business, Hiring support businessNo. of employees

190 (as of March 31, 2023)

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Vision of the New Company

VisionEmpowering Professionals
to Create the Future Together
×

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Background and Purpose of the Business Integration▍Purpose of business integration

1

2

3

Expanding the business areas of the HR Solution business /achieving business growth through cross-selling
Reinforcing the Media business
Strengthening business management foundation andreducing administration costs

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Outline of the New Company (Planned)

Company
nameEnglish name

Kabushiki Kaisha Confidence Interworks

Interworks Confidence Inc.

Listingexchange

Tokyo Stock Exchange Growth Market

Securities code

7374

Representative

Nobuyuki Takushi, President

Head officelocation

BYGS Shinjuku Bldg. 10F 2-19-1 Shinjuku, Shinjuku-ku, Tokyo

Line ofbusiness

HR solution business (staffing, outsourcing, recruitment)
Media & solutions business

Fiscal year end

End of March

Officers

President

Nobuyuki Takushi

General business
management

Senior Managing
Director

Takuro Yoshikawa

In charge of HR Solution
business and Media business

Managing Director

Masatsugu Kudo

In charge of recruitment
Newly appointed
business

Director andGeneral Manager,
Administration Division

Koji Nagai

In charge of Administration
Division

Outside Director

Reona Amemiya

Outside Director

Midori Mizutani

Outside Director

Hirofumi Miki

Outside Director

Tomonori Hayakawa

Outside Auditor

Takashi Yachi

Outside Auditor

Tadahiko Yasukuni

Outside Auditor

Kenya Fujimori

Outside Auditor

Yoshitaka Maruta

Newly appointed

Newly appointed
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Schedule of the Merger and Handling of Consolidated Earnings Forecast and Dividend Forecast for FY2024▍Business integration schedule

Date of merger agreement
Date of resolution at theordinary general meeting ofshareholders(Interworks, Inc.)▍Consolidated earnings forecast /dividend forecast for FY2024

May 12, 2023

June 23, 2023

(planned)

Date of resolution at theordinary general meeting ofshareholders(Confidence Inc.)

June 28, 2023

(planned)

Last trading date
(Interworks, Inc.)

July 27, 2023

(planned)

Date of delisting(Interworks, Inc.)

July 28, 2023

(planned)

Effective date of merger

August 1, 2023

(planned)

Undetermined at this point in time, as it is difficult toaccurately calculate the consolidated earnings
forecast and dividend forecast for FY2024, partly due
to the impact of the merger

Will disclose the forecast figures going forward assoon as it becomes possible to do so.

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Envisioning the future together at the frontline of the creative industry
Inquiries about this material: Administration Division (ir@confidence-inc.jp)
Handling of this material
This material includes forward-looking statements. These are nothing but the statements prepared on the basis of the information available at the time of preparing them. Moreover,such statements are not a guarantee of future results, and contain risks and uncertainties. Please note that actual results may differ significantly from future forecasts due to changes
in the business environment and other factors. Factors that may affect the actual results mentioned above include, but are not limited to, economic conditions in and outside Japanand trends of the industries related to the Company.
In addition, the information contained in this material and related to matters other than the Company has been quoted from publicized information. The Company has made no
verification about the accuracy and appropriateness, etc. of such information, and provides no guarantee about it.
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