April 24, 2024

To Whom It May Concern
Company name:
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Contact:

Future Corporation
Yasufumi Kanemaru, Chairman and President(Securities code: 4722 Prime Market of theTokyo Stock Exchange)
Yasukazu Matsushita, Executive Officer ofFinancial & Accounting Group(TEL (03) 5740 - 5724)

Notice on Consolidated Earnings Results for the First Three Monthsof Fiscal 2024 (Year Ending December 31, 2024)
1.

Consolidated Earnings Results for the First Three Months of Fiscal 2024 (Year Ending December 31,2024)
Consolidated results of the Group for the first three months under review (January 1, 2024 to March 31,2024) were as follows:
Net sales¥15,022 million (up 7.6% year on year)

Operating income¥3,417 million (up 7.8% year on year)

Profit attributable to owners of parent¥2,189 million (down 0.2% year on year)

Looking at the economic environment during the first three months of the fiscal year under review, we saw
companies continue to actively harness the power of IT to change their operations, such as promoting digitaltransformation (DX), implementing business reforms, and creating new digital services using generative AI,etc., despite global uncertainty and in an economic environment where ongoing inflation and increases ininterest rates are expected in Japan. Companies are increasing productivity and efficiency as initiatives toaddress the enforcement of the Act on the Arrangement of Related Acts to Promote Work Style Reform andlabor shortages, reviewing overall supply chains and accelerating the use of IT in areas related to ESG andthe SDGs, so lively IT investment continues in all sectors and fields. In terms of individual lifestyles, the useof IT-driven services, such as shopping at e-commerce sites, enjoying entertainment and sports on video andonline, and accessing education and self-development services online, has become common, and various
related services are being created.
Working against this backdrop, we made progress with large-scale projects that will contribute to medium tolong-term growth. As a result, consolidated net sales and operating income for the first three months of thefiscal year under review increased year on year. Profit attributable to owners of parent decreased in the quarter
under review because a negative corporate tax adjustment that increased in association with a review of future
subtracted temporary differences in the same period of the previous fiscal year, was not present this term.
Details of the performance (net sales and operating income) of each segment are as follows.
(1) IT Consulting & Service Business
Future Architect Inc. (including the Technology Division of Future Corporation) acquired and promoted awide variety of customer projects, including projects to promote customer DX and realize greater work
efficiency, such as support for the building of a data management platform to manage data centrally in aconvenience store supply chain, and the introduction of a logistics DX platform combining a WMS(Warehouse Management System) and AI solution and cloud type warehouse control system for globallydeveloping logistics companies.
With regard to projects using intellectual property that will contribute to the Company’s medium-term growth,
we made steady progress with projects to introduce next-generation banking systems to regional financialinstitutions. The first of these is at the final integration test phase toward release this fiscal year and the-1-

second bank is at the development and test phase. In addition, a project to introduce GlyphFeeds, a content
management system (CMS) for media, a project to introduce FutureApparel, a core platform system forapparel, and others are making steady progress. As a result, both net sales and operating income increased
year on year. In addition, we are planning the release of multiple large-scale projects during the fiscal year
under review, so we are strengthening the quality control system further.
Future Inspace, Inc., performed steadily in development for system infrastructure renewal and cloud
migration projects from existing customers, in addition to the provision of regular maintenance and operation
services, but hiring costs increased. As a result, net sales increased but operating income decreased year onyear.
At Future One, Inc., although new orders increased due to the deployment of industry-specific sales for thesteel industry, etc., in sales of its original InfiniOne software package, the company’s key product, due to theimpact of large-scale development projects peaking out, both net sales and operating income decreased yearon year.
At YDC Corporation, in addition to the traction of building a SmartFactory that realizes the digitalization offactory management by using data through DX consulting, etc., for customers centered on the manufacturingindustry, profitability increased as a result of appeals on value to customers through the execution of DX
projects so both net sales and operating income increased year on year.
At dit Co., Ltd., although the sales ratio of security services such as cyber defense exercises and security
consulting increased, orders received did not increase significantly, and hiring costs continued to occur,
resulting in a decline in both net sales and operating income.
As a result, the segment saw both net sales and operating income increase to reach 13,041 million yen (up6.5% year on year) and 3,533 million yen (up 4.5% year on year) respectively.
(2) Business Innovation BusinessAs part of its management reform initiatives, YOCABITO Co., Ltd., has improved gross margins bymanaging individual products and setting strategic selling prices through the use of digital platforms, which
it has promoted since last fiscal year, and reduced logistics costs by improving the efficiency of logistics. Inaddition, as a result of promoting the clearance of apparel products while managing revenue thoroughly on asingle item basis, although net sales decreased year on year, operating losses decreased.
Although sales in the media business fell short of expectations, in addition to Tokyo Calendar Inc.’s revenue
from internet services such as Tokyo Calendar Date trending steadily, net sales decreased but operating
income increased year on year due to improved work efficiency and cost reductions.
In addition to projects introducing FastBiz, a membership management and e-commerce package for sports
teams, to several professional baseball teams, LaiBlitz Inc. also started rolling the package out to professionalsoccer teams. Although sales increased, the generation of costs related to the launch of the esports businessincurred, resulting in an increase in net sales but a decrease in operating income year on year respectively.
CURIOSITY Inc., has made steady progress in store design for overseas luxury brands such as jewelry andwatches. CURIOSITY Inc. was newly consolidated from the second quarter of the previous fiscal year andits results will make a full-year contribution from the current fiscal year.
As a result, the segment saw an increase in both net sales and operating income year on year, with net sales
totaling 1,972 million yen (up 13.8% year on year) and operating income of 38 million (up from an operating
loss of 175 million yen for the same period last year).
Operating loss under adjustments which post income and expenses of Future Corporation’s holding company
functions and eliminations of intersegment transactions in the reporting segment, was 86 million yen, adecrease of 82 million yen year on year (operating loss of 4 million yen for the same period last year). Thiswas mainly due to the recognition of the Company’s expenses related to the acquisition of Revamp
Corporation.

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Future Outlook(1) Group Strategies
In the medium to long term, corporations will continue making aggressive investments in information
technology as they move toward DX, and adapt to changes in the ways people work, such as remote working,and address economic and social issues, including ESG factors and the SDGs.
The Group will strive to accurately grasp the needs of companies promoting these management reforms
through IT, then leverage Group synergies to provide active and multilateral support in an effort to gain evenfurther support from customers in many and diverse industries.
We will also continue to promote our measures concerning ESG and the SDGs, and support customers’
environmental and decarbonization efforts.
Furthermore, by making effective use of intellectual property and conducting flexible strategic investments,
including M&A, as the Group, we will evolve our business model and achieve further growth from the next
fiscal year onward. In addition, the Group will also invest in developing a business foundation that willcontribute to its future growth, such as continuous personnel recruitment, training and R&D.
At the same time, the Group will strengthen its governance by enhancing internal communication within theGroup and further improving the accuracy of its quality management.
Significant events in each business segment were as follows.
(2) IT Consulting & Service Business
Future Architect, Inc. has received orders for grand designs from customers implementing management
reforms and mission-critical system renewals from diverse industries conscious of the advancement of DX.
Currently, it is working with customers to solve industry problems by providing the logistics and retail
distribution industries with AI-based delivery route optimization, etc., as solutions that will contribute tosolving the logistics problem of 2024.
It will continue initiatives that contribute to the maximization of customer value by providing IT solutions
that help solve long-standing industry problems and supporting the advancement of overall corporate strategy.
It is also advancing proposal activities to new customers to work positively to solve customer issues using
its intellectual property, including GlyphFeeds, FutureApparel, and Future LOGI. It will work to acquire newbanks for the Next-Generation Banking System, in parallel with ensuring the successful release of the systemat the first bank during the current fiscal year.
Furthermore, it will develop a framework that will lead the age to come by working to emphasize theacquisition of human resources, investment in training, quality control, and project management.
Future Inspace, Inc. is looking to further improve development quality and hire/train employees with an eyeto steadily increasing revenue, so that the stable development of several large-scale projects, such as systeminfrastructure renewal and cloud migration projects for existing customers, is ensured.
Future One, Inc., will continue to work on enhancing its product lineup while leveraging the strength of its
original InfiniOne software package to boost orders through industry-specific sales strategies. It will also
strive to strengthen its products and aim for the further expansion of revenue by providing customers withtotal solutions under an integrated manufacturing and sales system.
YDC Corporation will seek to expand its business by acquiring large-scale projects in traditional data
integration, in addition to DX consulting for the manufacturing industry and building SmartFactory. Inaddition, it aims to acquire new projects in the logistics area by taking advantage of the Group synergy andcontribute to the ESG sector through a consortium that pursues the ideal form of sustainability management.
With these efforts, it will strive to increase revenue further.
dit Co., Ltd., focuses on crisis management handling and security diagnostic services, and provides thesecurity lifecycle jointly with its subsidiary Cybersolution, Inc. Further, it will also pursue synergies byproviding specialized security services to the existing customers of each Future Group company, and aim forrevenue expansion.
-3-(3) Business Innovation Business
YOCABITO Co., Ltd. will continue to strive to recover its profitability by increasing the accuracy ofanalytics with the use of a digital platform, increasing operational efficiency through data-driven approach,and speeding up decision-making. It will also steadily promote the renewal of some private brands as a pillarof new growth.
Tokyo Calendar Inc. will further enhance customer attraction and user engagement by strengthening digitalpromotion by analyzing and utilizing user data. In addition, it will strengthen cooperation between media
such as monthly magazines, the web, and SNS, and services including Tokyo Calendar Date and Gourmet
Calendar, and aim for the further growth of each business and revenue expansion.
LaiBlitz, Inc., will develop its FastBiz membership management and e-commerce package, not only for
sports teams, but also for non-sport entertainment, and will promote the expansion of its esports businessusing data analytics technology.
CURIOSITY Inc., will focus on the business of interior design for luxury hotels and high-end residences, assuch projects are large in size, and will continuously receive orders for store design of global brands in linewith the global expansion of customers. At the same time, it will hire designers who understand and practice
the CURIOSITY design philosophy and are globally capable.
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Contact for inquiries regarding this news release:
Yasukazu Matsushita, Financial & Accounting Group, Future Corporation
IR Direct Tel: 03-5740-5724 E-mail: ir@future.co.jp-4-