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

May 11, 2022

Financial Results
for the Nine Months Ended March 31, 2022
(Under Japanese GAAP)
Company name: User Local, Inc.
Listing:
Tokyo Stock Exchange
Securities code: 3984
URL:
https://www.userlocal.jp/
Representative: Masao Ito, President CEO
Inquiries:
Daisuke Iwamoto, CFO
Telephone:+81-3-6435-2167
Scheduled date to file quarterly report:
Scheduled date to commence dividend payments:
Preparation of supplementary material on financial results:
Holding of financial results briefing:

May 11, 2022
NoNo(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Non-consolidated financial results for the first nine months of the fiscal year ending June 30,
2022 (from July 1, 2021 to March 31, 2022)(1) Non-consolidated operating results
Net sales(% indicate year-on-year changes)
Operating profit

Ordinary profit

ProfitNine months ended

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%March 31, 2022

1,952

29.1

813

19.7

811

19.9

560

33.0

March 31, 2021

1,512

25.0

680

28.2

677

35.0

421

33.3

Basic earnings
per share

Diluted earnings
per share

Nine months ended

Yen

Yen

March 31, 2022

35.29

34.73

March 31, 2021

26.97

26.23

(Note) The Company conducted a 2-for-1 stock split of common stocks as of July 1, 2021. The“Earnings per share” and the “Diluted earnings per share” are calculated assuming that the said
stock split was conducted at the beginning of the previous fiscal year.
(2) Non-consolidated financial position
Total assets
As ofNet assets

Equity-to-asset ratio

Millions of yen

Millions of yen

March 31,2022

5,896

5,319

90.2

June 30, 2021

5,277

4,706

89.2

1%

Reference: Equity
As of March 31, 2022:
As of June 30, 2021:¥5,319 million¥4,706 million

2. Cash dividends
Annual dividends per shareFirst quarterend

Secondquarter-end

Third quarterend

Fiscalyear-end

Total

Yen

Yen

Yen

Yen

Yen

Fiscal year ended
30 June, 2021

－0.00－

5.00

5.00

Fiscal year ended
30 June, 2022

－

0.00－
3.00

3.00

Fiscal year ending
30 June, 2022 (Forecast)(Note) Revisions to dividend forecasts published most recently. : None
The Company conducted a 2-for-1 stock split of common stocks as of July 1, 2021.
The dividends per share for fiscal year ending 30 June, 2021 was the actual amount paid before
the said stock split.
3. Earnings Forecast for the Fiscal Year Ending June 30, 2022 (July 1, 2021 to June 30, 2022)(% indicate changes from the previous fiscal year)

Net Sales
Full year

million yen
2,504

Operating Profit% million yen
20.0984

Ordinary Profit%
15.2

million yen
984%
15.7

Basicearnings
pershareProfitmillion yen
679%
10.4

yen
42.77

(Note) Revisions to earnings forecasts published most recently. : None
＊ Notes(1) Adoption of accounting treatment specific to the preparation of quarterly non-consolidated
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 otherregulations: Yes(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 shares)(i)

Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2022

16,009,900 shares

As of June 30, 2021

15,885,600 shares(ii) Number of treasury shares at the end of the period
As of March 31, 2022

54,701 shares

As of June 30, 2021

83,584 shares(iii) Average number of shares outstanding during the period
For the nine months ended March 31, 2022

15,882,755 shares

For the nine months ended March 31, 2021

15,633,734 shares(Note) The Company conducted a 2-for-1 stock split of common stocks as of July 1, 2021.
The “Total number of issued shares at the end of the period”, the “Number of treasury shares2

at the end of the period” and the “Average number of shares outstanding during the period” arecalculated assuming that the said stock split was conducted at the beginning of the previous
fiscal year.
* Quarterly financial results reports are exempt from quarterly review conducted by certified
public accountants or an audit corporation.
* Proper use of earnings forecasts, and other special matters
Forward-looking statements are based on information currently available to the Company andcertain assumptions deemed reasonable. Results may differ materially from the forecasts due tovarious factors.

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