Supplementary Material – Fiscal Year Ending
September 30, 2023
Systemsoft Corporation
TYO: 7527
November 10, 2023

CONTENTS•

FY09/2023 Full Year Financial Results Summary•

FY09/2023 Full Year Financial Results Reportingby segment•

FY09/2024 Earnings Forecast•

Appendix

Copyright©Systemsoft Corporation1

FY09/2023 Full Year

Financial Results Summary

Copyright©Systemsoft Corporation2

Summary of Consolidated Financial Results for Fiscal Year Ending September 30, 2023

Sales and profits decreased due to change incontract format and review of timing of fee-based SaaS business
FY09/2022

FY09/2023

YoY change

Amount%Amount%Net sales

4,704

100%

3,390

100%

72.1%

Gross profit

1,336

28.4%

984

29.0%

73.7%

SG&A expenses

953

20.3%

829

24.5%

87.0%

Operating income

382

8.1%

155

4.6%

40.5%

201

4.3%

93

2.8%

46.6%

(Millions of yen)

Net income

attributable toshareholders of theparent company

Copyright©Systemsoft Corporation3

Net sales quarterly changes (Cumulative period)

Sales declined for full year due tochanges in contract for some projects in system development.
(Millions of yen)

4,920

4,704

3,556

3,390

3,314

2,863
2,448

2,125

2,474

2,217
1,629

1,426

1,148

1,080

833

647

1Q

2Q

3Q

FY09/2020

Copyright©Systemsoft Corporation

4Q

1Q

2Q

3Q

FY09/2021

4Q

1Q

2Q

3Q

FY09/2022

4Q

1Q

2Q

3Q

4Q

FY09/2023

4

Operating Income Quarterly Changes (Cumulative Period)First half's decline from previous year offset bystronger performance in second half

265

328

354

(Millions of yen)

382

377
Projects concentrated
in Q4

155
39

10-130

1Q-180 -192
2Q

Operating income has
increased due to theacquisition of a major
system upgrade contract-44-26

1Q

2Q-34-57-251

3Q

FY09/2020

Copyright©Systemsoft Corporation

4Q

1Q

2Q

3Q

FY09/2021

4Q

3Q

FY09/2022

4Q

1Q

2Q

3Q

4Q

FY09/2023

5

Balance Sheet(Millions of yen)

Q4
FY09/2022

Q4
FY09/2023

Increase/
Decrease

Current assets

3,994

3,610-384

Fixed assets

3,230

3,131

-98

Current liabilities

775599-176

Fixed liabilities

583

360

-222

5,865

5,782-83

Capital stock

1,706

1,706

0

Capital surplus andothers

4,226

4,150

-76

7,224

6,742-482

Net assets

Total assets

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6FY09/2023 Full Year

Financial Results by Segment

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7

About the Segment

Two pillars of business: technology business and open innovation businessTechnology

Open innovation

Engaging in the SS Cloud Series to provide real estate
operators, major corporations, and public
sector with robust system development solutions

Focusing on creating ecosystems throughcorporate collaboration, revitalizing local
regions and knowledge sharing% of net sales% of net sales

71.7

28.3

SaaS/RPASS Payments

fabbit (DX linkage)

System development
and solutions

Consulting

Copyright©Systemsoft Corporation8

About SS Cloud Series

Promoting “ReTech" (Real Estate x Technology)

Application

Contract
Provision of important explanations andcontract documents is completed on the cloudComplete entire processfrom application to screening on the web

Reservation for showing

Walk-Through Inspection

Automatic reservation of property showings
24 hours a day, 365 days a year

Property confirmation

Complete property walk-through inspection
when moving in using smartphones

Contract

Showing

Automated voice and chat response
on property offers

Vacancy list

Tenants’
EventsProperty
searchMoving inRush service
Trouble-shooting of rental properties

VacatingRepair check
Repair status reports issuedby contractors using smartphones

Real-time registration andinquiry of room availability

Automated matching

PatrolAI automatically suggests properties
that match applicants’ criteria

Improved productivity of property, landlord
and vendor patrols

Copyright©Systemsoft Corporation9

SS Cloud Series Usage Status
Achieved one of largest* installations in Japan through aggressive marketing
Number of locations used(cumulative total)

Number of companies using
service (cumulative total)+9,564+11,272 locations

companies

65,951

48,11538,551

41,372

44,53946,294

54,67958,106

61,78563,73350,56546,07135,22831,45639,45826,072

1Q

2Q

3Q

4Q

FY09/2022

1Q

2Q

3Q

FY09/2023

4Q

1Q

2Q

3Q

FY09/2022

4Q

1Q

2Q

3Q

4Q

FY09/2023

The ”Cumulative total number of locations used" is simply the sum of the number of locations used by agent and management company for each cloud.
(For management companies, head offices, branches, sales offices, and stores are counted among those that applied.)
The "Cumulative total number of companies using the system" is simply the total number of companies using the service of the agent and management company for each cloud.
*Based on our own research.

Copyright©Systemsoft Corporation10SS Payment Series Introduction Status

In cooperation with SS Cloud Series
Developing services to further improve operational efficiency
Money transfer service

Account transfer service

Credit card
payment services

Total number of cases(Sept. 2021 - Sept. 2023)

Total number of cases(Sept. 2021 - Sept. 2023)

Total settlement amount(Sept. 2021 - Sept. 2023)

426,770 cases

102,596 cases

318,174

149,567+50,930
17,374

FY09/2022

FY09/2023

No installation fee, no monthly fee,no need to open an accountSignificant reduction in remittancetransfer fee

FY09/2021

FY09/2022

16 bn JPY
9.9
bn yen51,666+108,596

FY09/2021

about

FY09/2023

No need to confirm errors in signing orstamping
Dramatically reduced account transfer fees

4.7
bn yenFY09/2021

approx.
+6.1 bn yen

FY09/2022

FY09/2023

Real estate leasing related transaction
including security deposit, key money
Settlement services for utilizing credit card topay the lump-sum deposit.

*This product is a service to introduce customers to the management company.

Copyright©Systemsoft Corporation

11About system development and businessWe provide a full range of services from development to maintenance and operation
Offered to meet the needs of users in a wide range of industries
One-stop service x consulting

Requirement
Definition

By leveraging strengths of consulting derived
from years of experience, know-how, andknowledge in the general system

Maintenance/Operation

Designdevelopment process, it is possible toachieve development with higher customer

Test

satisfaction.

Business
consultantDevelopment

Case studies

Banks

Property insurance

Retail & SalesManufacturer

Educational institutions

RMSERPEC Site Building System

Business Support Systems

Academic Support Systems

Digitize large number ofregulations and manuals
used within the bank.
Contribute to improve
operational efficiency
and cost reduction.

Core business systemcentered on host system.
Building advanced
systems that requirestability and accuracy.

Package allows for
project and productadditions, inventory
management and even
effectivenessmeasurement throughaccess analysis.

A system that can beused to manage sales
activities and results andto develop more effective
sales and management
strategies.

A portal system thatallows students to accessthe school's homepage,
as well as notifications ofcredit acquisition status
and information onschool closures andmake-up classes.

Copyright©Systemsoft Corporation12

FY09/2024

Earnings Forecast

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Forecasts for the fiscal year ending September 30, 2024
Reduction in scale of development due to changes in form of contracts forpart of system development business
Careful consideration of timing and scope of fee-based SaaS business
FY09/2024

FY09/2023(Millions of yen)

Forecast

Actual

3,390

3,000

Operating income

155130Ordinary income

1351109365

Net sales

Net incomeAttributable to Shareholders of
the parent company

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14

FY09/2024 Key measures
For fiscal year ending September 2024, we will proceed with internal consolidationand strengthening as a period of reinforcement aimed at medium to long-term growth.

System development
Reinforcement ofbusiness structure•••

Expanding projects in the development field, which has always been one of ourstrengths
Increased contractual certainty through more flexible contractual arrangements
Improved profit margins through operational efficiency and cost control

SaaS for Real Estate Agents

Investment inhuman resources•Continue to promote aggressive sales activities to expand market share•

Securing personnel to meet robust demand for system development•Enhancement of the training system, including retraining of recruited talent, toaccelerate development speed✓Renewal of recruitment website, expansion of recruitment contacts already
implemented

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15

Investment in Human Resources

Strengthen securing and development of
human resources to support medium- to long-term growth
Expansion of recruitment quota

Enhanced skill development

Widely recruiting mainly engineers

Post-employment employee training,
Enhancement of training programsHigh class

Conventional
recruiting base
Leader class

Member class
By widening range of recruiting slots, we advance talent acquisition,and by enhancing and expanding employee benefits andeducational systems, we create an environment conducive to growth
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16

Appendix

Copyright©Systemsoft Corporation

17

STRATEGYTechnologyOpen
Innovation

By offering various types ofSaaS, acquiring high market
share

Alliance and collaboration withmore than 10,000 fabbit
members,
one of the largest in Japan

Improve the quality of services
Launch of Paid PlansxFocusing primarily on theadoption of SaaS technology
and business models

Adding New Value
Copyright©Systemsoft Corporation18

Medium- to Long-term Growth Image and Current Measures

Company Expansion of SES into new areas
 Diversification of contract types to win future projects and improve stock revenue ratio Investment in human resources, including recruiting, training and educating employees
and business partners
Development

 Respond to existing customer replacement needs + up-sell
 Sales activities to acquire new projects
SaaS

Strong DX needs

 Continue to prioritize market share expansion
Reaping the benefitsof measures during theintensification
PeriodHuman Resource
Development andEnhancement～FY2022

Copyright©Systemsoft Corporation

FY2023

FY2024FY2025～

19

This document was created by the Company for the purpose of understanding the current state of Systemsoft Corporation (hereinafter referred to as the "Company"). In addition, theplans and forecasts described in this document are determined and predicted by the Company based on the information at the time of creation. Plans and prospects may change
significantly due to changes in the business environment in the future. In that event, we are not obligated to update or amend the contents of this announcement. Based on the above,
investors are requested to invest at their own risk.

Copyright©Systemsoft Corporation20