Septeni Holdings Co., Ltd.
Financial Results Briefing for Q5 and Full FY2023/12
February 8, 2024

Event Summary[Company Name]

Septeni Holdings Co., Ltd.

[Company ID]

4293-QCODE[Event Language]

JPN[Event Type]Earnings Announcement[Event Name]

Financial Results Briefing for Q5 and Full FY2023/12[Fiscal Period]

FY2023 Annual[Date]

February 8, 2024

[Number of Pages]

33[Time]

16:00 – 16:38(Total: 38 minutes, Presentation: 38 minutes)[Venue]Webcast[Venue Size][Participants][Number of Speakers]

SupportJapan
Tollfree050.5212.7790
0120.966.744

4
Koki Sato
Yuichi Kouno
Kei Hatano
Tei GoNorth America
Email Support

Group President and Chief Executive Officer
Group Senior Executive Officer
Group Senior Executive Officer
Group Executive Officer

1.800.674.8375
support@scriptsasia.com
1

Presentation
Moderator: It is now time to begin the presentation of the financial results briefing of Septeni Holdings Co.,
Ltd. for Q5 and Full FY2023/12.
Thank you very much for taking time out of your busy schedule to participate in our financial results briefing.
At today’s meeting, Mr. Sato, Group President and Chief Executive Officer, will begin with an overview of thefinancial results and business topics. Next, Mr. Kouno, Group Senior Executive Officer, who is expected toassume the next Group President and Chief Executive Officer, will explain the medium-term management
policies and the outlook for the fiscal year ending December 31, 2024.
First, I would like to introduce our attendees. Mr. Koki Sato, Group President and Chief Executive Officer.
Sato: I am Sato. Thank you in advance for your cooperation.
Moderator: Mr. Yuichi Kouno, Group Senior Executive Officer.
Kouno: I am Kouno. Thank you in advance for your cooperation.
Moderator: Mr. Kei Hatano, Group Senior Executive Officer.
Hatano: I am Hatano. Thank you in advance for your cooperation.
Moderator: Mr. Tei Go, Group Executive Officer.
Go: I am Go. Thank you in advance for your cooperation.
Moderator: Now, Group President and Chief Executive Officer, Mr. Sato, will explain. In addition, from thecurrent fiscal year, a fact sheet is available in the IR Library of the corporate website as a supplemental
material to the presentation materials. Please go ahead.
Sato: I am Sato. Thank you very much for taking time to join us today despite your busy schedule. I will proceedwith the explanation.
Today, I will be presenting Q5 and full year financial results. As for the overall schedule, I will first explain
FY2023 financial results that have been completed in the first half of briefing.
After that, I would now like to continue with an explanation of the changes in the management structurescheduled for resolution at the next general meeting of shareholders, which we have just announced. After
that, Mr. Kouno, who is expected to assume the next Group President, will explain of the medium-term
management policies and guidance for the present term in the second half of the briefing.
With this schedule, we would like to proceed and ask for your understanding.

SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
2

Now, I will explain the finished 2023 summary. We describe how we have shown each figure in this document
on page four.
In the first half of the document, we explain how the materials are made in relation to the impact of thechange in our fiscal year-end and the reclassification of the IP Platform Business as discontinued operations
following the decision to transfer shares in this business.
Regarding the first half of the document, to be consistent with previous company policies and businessstrategies, we have used the previous fiscal year, 15 months of irregular accounting period, and the figures
before the reclassification of discontinued operations, which is the stage before the share transfer of
COMICSMART Inc., or before the resolution was made for the review for the fiscal year ended December 31,
2023. Please note that.

SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
3

First, here is the summary of the first half.
It is divided into several parts, but first, for the review of finished FY2023, I will share changes in the external
environment. The growth of the digital advertising market, which was initially expected in the previous year,
was slightly lower than the planned forecast made at the beginning of the period, indicating that this was ayear in which the external environment changed dramatically.
Meanwhile, with a view to our sustainable growth in the medium-to-long term, we have made decisions andimplemented major human capital investments, including changes in compensation and base increases, inour core assets, human capital. As for the full-year trend, performance bottomed out in Q3 and tuned aroundto increase revenue in Q4, and also did to increased profit in Q5, so we made good progress against the revisedearnings guidance in line with our forecast.
We have also decided to raise this year-end dividend estimate to JPY5.2, according to our forecast.
As for the outlook for FY2024, as I explained at the beginning of this briefing, we are moving to a new
management structure, announced at the end of last year. Under the new structure, we aim for growth that
outperforms the market average, with a focus on the Digital Marketing Business.
In addition, we forecast a year-end dividend of JPY7.9 per share, due to the growth centered on this DigitalMarketing Business and the effect of the recently announced sale of the IP Platform Business, boosting profit
attributable to owners of parent.
Next, regarding the change in management structure, we have recently decided to pass the baton ofmanagement to a new generation on the occasion of a major change in the management structure. We havedecided to make a drastic change in the management structure to shift from what I have led the management
as CEO for a long time to a more collective leadership structure.

SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
4Through this structure, we hope to build a system that aims for sustainable and discontinuous growth,
especially in the Digital Marketing Business. At the same time, we intend to enhance our governance structure
to be more progressive.
Finally, I will share the share transfer of COMICSMART Inc. COMICSMART Inc., which is engaged in the IP
Platform Business, will cease to be a consolidated subsidiary of the Company after the share transfer and will
become a non-core business in the form of an equity-method affiliate after April 2024.

Next is page six, which is a restatement.
We have revised our earnings forecast from the guidance we had originally projected for this fiscal year. So,
the page shows the progress against the reviewed outlook for this fiscal year. We had indicated that we would
draw up a reversal scenario, with a turnaround in net sales growth in this Q3, a turnaround in revenue growthin Q4, and a turnaround in operating profit growth in Q5.

SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
5Page seven shows the actual results of the scenario, a verification of what was originally expected and theactual results. For FY2023, we achieved a turnaround in profit growth in Q5 in line with this forecast.
Net sales growth was in the 18% range with double-digit growth. Revenue also showed double-digit growthin the 17% range. We had planned for a turnaround in operating profit as a reversal scenario, and in line withthis plan, we achieved a turnaround in profit growth in Q5, increasing profit over 40%.
Moreover, for FY2024, this is the forecast for this progressive period. We project an increase in top-line
revenue, as well as the increase in SG&A expenses at a normal rate and a correspondingly large increase inoperating profit.
This is a significant increase in profit compared to the forecast after the reclassification of the IP Platform
Business and the actual results before the reclassification of the previous year, which is also in line with theoriginal forecast, with no significant gap. We proceed with the guidance for the new period.
The above is a summary of the results for FY2023, as well as a summary of the outlook for FY2024.

SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
6

We will then move to the review of the financial results. Page nine shows highlights of the full-year results for
FY2023, showing figures and details of the 15 months before the reclassification of discontinued operations.
As shown here, both revenue and Non-GAAP operating profit exceeded the revised forecasts. The results
exceeded the revised guidance by 1.6% for revenue, 5.4% for operating profit, and plus JPY3.21 for EPS,
respectively.

Results by segment are shown on page 10. In the Digital Marketing Business, we exceeded its revised forecast
due to the increase of new clients and expansion of existing projects.
SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
7

As for the Media Platform Business, while the IP Platform Business grew significantly, the other areas of thebusiness were somewhat under-achieved, meaning that the results did not reach the earnings forecast. Eachof these figures is as stated as you can see.

Page 11 outlines consolidated P&L. The top line growth and control of SG&A expenses in Q5 improved
profitability compared to those of Q4 cumulative total.

Page 12 is about earnings trend by business segment. As we have explained before, changes in the external
environment have caused the forecast itself to revise downward than at the beginning of the period.
Meanwhile, the progress was as described, exceeding the revised forecast.
SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
8Page 13 is a revision of the dividend forecast, which we have also shown in the summary. Since profit
attributable to owners of parent exceeded the revised forecast, we have revised our forecast by raising theyear-end dividend forecast to JPY5.2 per share.

Next, page 14 shows the business earnings of the Digital Marketing Business, focusing on our collaboration
with the Dentsu Group.

SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
9The volume of clients in collaboration with Dentsu Group and sales from the collaboration with Dentsu Group
have been growing steadily in calendar years. Both the volume of clients and sales grew steadily in the ended
calendar year 2023.

Page 15 shows the Media Platform Business earnings overview.
This also shows steady growth in subscription revenue and commerce revenue from GANMA! due to the boost
from the effects of anime broadcast and the success of several in-house IP titles.

SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
10

Continuing on page 16, we share an overview of the results of the HR Technology Business as expansion into
new business domains.
In this area, we expanded the number of clients for our DX service called HaKaSe Onboard, which is designed
to support on-boarding, success, and retention of employees.
This is a SaaS-type business, and the number of clients that have adopted this service, mainly large companies,
currently exceeds 50, and the retention rate is very high, indicating that the business is off to a good start.

SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
11

Continuing on page 18 and thereafter, I will explain financial results in Q5.
The consolidated financial results for ended October-to-December period of FY2023 show higher revenue,
mainly attributable to the turnaround of the Digital Marketing Business, as well as significantly higher profit.
YoY, revenue and operating profit grew by more than17% and 40%, respectively, leading to significant
increases in both revenue and profit.

Page 19 shows the quarterly trend of consolidated earnings.

SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
12

As I mentioned enhancing human capital investment at the beginning of this presentation, we increased baseof personnel expenses in Q3 but were able to turn around and increase profit by offsetting the base increaseduring that period.
The term that ended was an irregular five-quarter period, and Q1 and Q5 fell in the same October-December
period. Q1 results were before the base increase, but in Q5 after the base increase, profit increased bycovering personnel increase and the base increase of human capital investment.
Since higher profit were achieved so, I have the impression that we are gradually verifying that the investment
in human resources is having a positive impact on the business.

Page 20 shows quarterly trend of consolidated profit before tax.
Equity in earnings of affiliates recovered after bottoming out in Q3 and increased QoQ, showing steadyturnaround as well.

SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
13

As for the cost structure, the growth of the IP Platform Business led to an increase in cost of sales.

Page 22 shares the quarterly trend of consolidated SG&A expenses. This is also a repeat of the previous
explanation on increase in personnel expenses due to the strengthening of human capital investment.

SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
14

The following is an overview of the business performance by segment.
This is the quarterly results of the Digital Marketing Business, showing YoY increase in revenue and profit.
Business earnings grew more than revised forecasts, showing that the top line grew steadily, and the bottom
line also did accordingly.

Page 25 shows the quarterly earnings trend, which indicates that the operating profit margin improved during
the period while the Company strengthened investment in human capital. The profit base also grew steadily
in line with the growth of the top line, bottoming out in Q3 and continuing to grow through Q4 and Q5.
SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
15

Page 26 shows the progress on business alliance with the Dentsu Group. Repeating the full-year highlights,
Dentsu alliance sales increased YoY due to the steady progress of alliance.

Next outlines the quarterly results of the Media Platform Business.
On page 28, the growth of the IP Platform Business resulted in a significant increase in revenue and anarrowing of the deficit, which is slightly short of our guidance. The business itself has been however growing
steadily and significantly, growing about 58% in revenue. The bottom line was also improved.

SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
16

Page 29 shows quarterly earnings trend.
This is also the third consecutive quarter that earnings have reached a record high.

Page 30 shows the IP Platform Business revenue trend.
Both QoQ and YoY, revenue, classified in to charge and advertisement, increased significantly due to anincrease in advertising revenue from the growth of anime projects.

SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
17

Page 31 shows IP Platform Business subscription revenue trend.
This also shows a steady increase in the number of subscribers, significantly increasing about 37% comparedto the previous quarter.

Page 32 shows IP Platform Business commerce revenue trend.
Commerce revenue here also grew significantly, with a 2.3-fold YoY increase thanks to strong e-book sales.

SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
18This concludes a summary of the business performance by segment.

This is the last part of my presentation, and I would like to explain the recently announced changes in the
management structure.
Page 34 is the background to this change in the management structure. Here, as you can see on the slide, wehave a Nomination and Remuneration Advisory Committee. The Board of Directors asks advice to theNomination and Remuneration Advisory Committee, which consists primarily of independent outside
directors.
Following the discussions in this committee, we decided to change the management structure to transition toa new generation at this time. Then, we reviewed our portfolio with a focus on the Digital Marketing Business,
which is expected to grow more and more.
To change the management structure, we had quite substantial discussions and concluded a bold decision forthis kind of new growth.
Please, look at the comments here from Ms. Okajima, who chaired the committee.

SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
19

As for the new structure, page 35 describes changes in the management structure and the new structure of
the Group Executive Officers.
Going back to what I mentioned at the beginning of this briefing, I have been CEO for a long period of time.
But by establishing and promoting a new collective leadership structure, we aim to achieve sustainable anddiscontinuous growth in the next structure. We will strive to realize our vision as the Septeni Group by doingso.
As new directors, we plan to submit a proposal to the next General Meeting of Shareholders, and we plan to
appoint two directors, or a new President and CEO. Mr. Kouno and Mr. Shimizu are scheduled to lead the new
management structure.
As regards the Group Executive Officer structure after April 1, 2024, we also plan significant changes andrenewal with generational change as a keyword. This concludes my part of the explanation.
For the latter part of the presentation, I would like to switch the speaker to Mr. Kouno, who is scheduled toassume the position of the new president, and we will proceed with our briefing.
Our company got listed on JASDAQ of that time in 2001. Since then, I have engaged in various dialogues with
our shareholders for more than 20 years, including financial results briefings at IR events such as this one. I
am grateful for all the support and encouragement and appreciate the very valuable dialogue opportunities.
I sincerely appreciate your support and guidance over the years. Mr. Kouno will now proceed with this briefing.
Thank you.
Moderator: Thank you.
From now on, Mr. Kouno, Group Senior Executive Officer, next CEO, will explain the outlook for the Mediumterm Management Policies in FY2024. Please, go ahead.

SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
20

Kouno: Hello, every shareholder. My name is Kouno again.
I would like to ask for your continued support in advance.
I would like to talk about our Medium-term Management Policies for the present fiscal year and beyond, as
well as our outlook for the fiscal year ending December 31, 2024. Now, turn to page 37.
We have set forth a new theme for our Medium-term Management Policies under new structure this time.
Under the theme of “Focus & Synergy,” I would like to carry out medium-term management for the next three
years.

SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
21

In our previous Medium-term Management Policies, we have managed by setting FY2023 as the completion
year for the expansion of the Septeni Group’s business domain. I would like to make a solid effort over the
next three years, starting with FY2024, to pursue the expanded businesses more and make them profitable.

Please turn to page 39. Among them, we would like to further strengthen our core Digital Marketing Businessespecially, and begin preparations for evolving into a corporate entity with multiple businesses in 2024.
In particular, our medium-term focus point is to grow the top line as a more profitable business byreorganizing and strengthening our core Digital Marketing Business within the Group.
SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
22

We will also work to create group synergies by leveraging our Digital Marketing Business assets.
Relating to this, I will talk to you about the details later, but in the Digital Marketing Business, the focus of
this medium-term plan is to divide the business that has been operated by individual companies into areas
and to launch new businesses from within those areas, starting with existing businesses.

As I have just mentioned, we have divided our core Digital Marketing Business into three areas, and under a
new execution structure, we would like to start the management of the business companies not as anindividual company, but as an area, from FY2024, the starting year of the present medium-term management
plan.
The three areas are the Marketing Communication Area, the second is the Direct Business Area, and the third
is the Data & Solutions Area within the Digital Marketing Business. For each of these, I will explain again later.
Furthermore, as mentioned earlier, we will transfer shares of COMICSMART Inc. in the IP Platform Business. I
would like to start preparing from FY2024 so that we can continue to firmly establish a profitable Media
Platform Business.

SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
23

I would like to give you a brief explanation of each of these three areas of the Digital Marketing Business on
page 41.
First, in Marketing Communication Area, we will continue to provide marketing support through online andoffline integration in full funnel from branding to CRM, centered on sales and operation of digital advertisingfor both domestic and overseas clients.
In this sense, we would like to further accelerate the promotion of the Dentsu collaboration, which we haveworked with since 2019. We will also do the strengthening of integrated marketing by Dentsu and Septeni.
In addition, we will ensure the top line growth through a mix of organic top line growth and growth throughthe Dentsu collaboration. We hope to expand our share in the market.
In addition, in the “Focus & Synergy” section, there are all kinds of businesses related to the digital marketing
within the Group.
By consolidating these functions of areas, we would like to strengthen solutions that support Customer
Experience Transformation, such as Generative AI and CRM, and improve our profitability steadily by linking
client assets or linking services and products.
We also would like to improve productivity by seeking integration and collaboration in operations as part ofour medium-term management plan.

SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
24For the other two areas of the Digital Marketing Business, this will be the first time that we will talk about
these Direct Business Area and Data & Solutions Area here. So, I would like to give you a brief explanation.
First is Direct Business Area. We have a business company that specializes in the direct marketing area and iscurrently engaged in solving client issues by integrating offline media and digital.
We will not only provide marketing support to our clients, but we will also work with them to start sales
guarantee business or to develop and sell OEM products, going forward.
In addition, we would like to use our assets specialized in the direct marketing area to launch our own D2C
business at the final stage. We would like to add our business model from this area as well.
Next is Data & Solutions Area. We currently develop and provide solutions for data collection, integration,and utilization and AI-based solutions for the Septeni Group’s internal solutions and the Dentsu Group’s
internal solutions.
As the start of this medium-term plan, we would like to prepare not only for the development of internal
solutions, but also for providing our development capabilities to external clients.
In this sense, we have started a business of training and dispatching engineers by 2023. To increase thenumber and scale of these engineers, we will carefully examine the engineer training business, and then use
the human resources we have developed through this business as an engineer on-site service for our clients.

SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
25

Next, move to page 43. This one, as I mentioned earlier, is about the IP Platform Business and the transfer of
COMICSMART Inc. shares.
As we have mentioned many times before, we have decided to transfer the shares to enable COMICSMART
Inc. to make even bolder and more flexible business investments and operations by conducting business
operations and fundraising outside of the Group.
As the scheme is described on the lower left, we have decided to reduce our current 89.4% stake to 32.6%
and make it an equity-method affiliate of the Company by the end of March. Factoring this, we plan to record
JPY2.2 billion as our profit in Q1 of FY2024.
We now also develop businesses other than the IP Platform Business in the Media Platform Business. As I
mentioned earlier, we are now in a position to make this a profitable business segment, and we would like tostart FY2024 with the goal of establishing it as a steady and profitable business.

SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
26

Please turn to page 44. This is the three-year plan of the Medium-term Management Policies.
This is a comparison after reclassification of COMICSMART Inc. as discontinued operations. Also, FY2023 hada 15-month fiscal year; this is from January to December in CY2023. The information presented here is tocompare figures for that time period.
In our three-year plan for FY2024, FY2025, and FY2026, our plan is to achieve solid double-digit growth inrevenue and Non-GAAP operating profit in each year.
Moreover, we made a large human capital investment in FY2023. We would like to recover the investment
and increase our profitability, as well as to achieve sales of highly profitable products through synergies within
the Group, and to take on and launch new businesses, mentioned earlier, during these three years. We would
like to increase our operating margin as a KPI for these three years.

SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
27

Page 45 shows the capital allocation approach. In this approach, we also basically intend to implement
appropriate shareholder returns while considering and executing investments for business growth in eacharea as appropriate.
For investment for growth, we will consider investments for organic growth, creation of new businesses, andM&A for growth in each area of our core Digital Marketing Business, as appropriate. At the same time, we willconsider stable dividend payments to shareholders and continuous increases in the dividend payout ratio as
shareholder returns.
Also, we will continue to consider the execution of flexible share repurchases.

SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
28

Please turn to page 46. This page show EPS trends and outlook.
When we announced the deepening of alliance with Dentsu Group in 2021, we stated that we aimed toachieve growth of approximately double the EPS results. We would like to aim for approximately double
growth over the next three years starting in FY2024, from a base of about JPY20 at the time of announcementof the deepening of alliance in FY2021.
As I mentioned earlier, we will see a temporary increase in EPS in FY2024 due to the increase from the transfer
of COMICSMART Inc. shares, which operates the IP Platform Business. We would like to realize our mediumterm plan to double EPS from 2021 with organic growth in FY2025 or FY2026.

SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
29

Lastly, we have earnings estimates for FY2024/12. From this time onward, we will explain our forecasts for
FY2024, using a period from January to December and figures after reclassifying the IP Platform Business as
discontinued operations.

Earnings estimates for FY2024/12 is shown on page 49. First, revenue is expected to increase 12% to JPY31
billion YoY. Non-GAAP operating profit is expected to increase 17% YoY to JPY4.7 billion. Factoring this andthe transfer of shares in the IP Platform Business, mentioned earlier, profit attributable owners of parent is
expected to jump 74% YoY to JPY6.5 billion. EPS is expected to be JPY31.38, up JPY13.41 YoY.

SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
30

In addition, we plan to pay a dividend in the form of JPY7.9.

The breakdown of each business is shown here. We are committed to achieving double-digit YoY growth inrevenue and operating profit especially in our core Digital Marketing Business.
In addition, the Media Platform Business aims to be profitable since the current fiscal year. We would like towork to firmly establish profitability and further expand the business from FY2024.
This concludes all for the explanation from me. We look forward to your continuing favor.
Thank you very much for today.
[END]______________
Document Notes
1.
2.
3.
4.

SupportJapan
TollfreePortions of the document where the audio is unclear are marked with [Inaudible].
Portions of the document where the audio is obscured by technical difficulty are marked with [TD].
Speaker speech is classified based on whether it [Q] asks a question to the Company, [A] provides ananswer from the Company, or [M] neither asks nor answers a question.
This document has been translated by SCRIPTS Asia.

050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
31Disclaimer
SCRIPTS Asia reserves the right to edit or modify, at its sole discretion and at any time, the contents of thisdocument and any related materials, and in such case SCRIPTS Asia shall have no obligation to provide
notification of such edits or modifications to any party. This event transcript is based on sources SCRIPTS Asia
believes to be reliable, but the accuracy of this transcript is not guaranteed by us and this transcript does not
purport to be a complete or error-free statement or summary of the available data. Accordingly, SCRIPTS Asia
does not warrant, endorse or guarantee the completeness, accuracy, integrity, or timeliness of theinformation contained in this event transcript. This event transcript is published solely for information
purposes, and is not to be construed as financial or other advice or as an offer to sell or the solicitation of an
offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal.
In the public meetings and conference calls upon which SCRIPTS Asia’s event transcripts are based, companies
may make projections or other forward-looking statements regarding a variety of matters. Such forwardlooking statements are based upon current expectations and involve risks and uncertainties. Actual results
may differ materially from those stated in any forward-looking statement based on a number of importantfactors and risks, which are more specifically identified in the applicable company’s most recent public
securities filings. Although the companies may indicate and believe that the assumptions underlying theforward-looking statements are accurate and reasonable, any of the assumptions could prove inaccurate orincorrect and, therefore, there can be no assurance that the anticipated outcome described in any forwardlooking statements will be realized.
THE INFORMATION CONTAINED IN EVENT TRANSCRIPTS IS A TEXTUAL REPRESENTATION OF THE APPLICABLE
PUBLIC MEETING OR CONFERENCE CALL. ALTHOUGH SCRIPTS ASIA ENDEAVORS TO PROVIDE ACCURATE
TRANSCRIPTIONS, THERE MAY BE MATERIAL ERRORS, OMISSIONS, OR INACCURACIES IN THE
TRANSCRIPTIONS. IN NO WAY DOES SCRIPTS ASIA OR THE APPLICABLE COMPANY ASSUME ANYRESPONSIBILITY FOR ANY INVESTMENT OR OTHER DECISIONS MADE BY ANY PARTY BASED UPON ANY EVENT
TRANSCRIPT OR OTHER CONTENT PROVIDED BY SCRIPTS ASIA. USERS ARE ADVISED TO REVIEW THE
APPLICABLE COMPANY’S PUBLIC SECURITIES FILINGS BEFORE MAKING ANY INVESTMENT OR OTHER
DECISIONS. THIS EVENT TRANSCRIPT IS PROVIDED ON AN "AS IS" BASIS. SCRIPTS ASIA DISCLAIMS ANY AND
ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, FREEDOM FROM BUGS, SOFTWAREERRORS OR DEFECTS, AND ACCURACY, COMPLETENESS, AND NON-INFRINGEMENT.
None of SCRIPTS Asia’s content (including event transcript content) or any part thereof may be modified,
reproduced or distributed in any form by any means, or stored in a database or retrieval system, without theprior written permission of SCRIPTS Asia. SCRIPTS Asia’s content may not be used for any unlawful or
unauthorized purposes.
The content of this document may be edited or revised by SCRIPTS Asia at any time without notice.
Copyright © 2024 SCRIPTS Asia K.K. (“SCRIPTS Asia”), except where explicitly indicated otherwise. All rights
reserved.

SupportJapan
Tollfree050.5212.7790
0120.966.744

North America
Email Support

1.800.674.8375
support@scriptsasia.com
32