Newly Listed Company Introduction Report (Issued by The Stock Research Center)

PostPrime (198A TSE Growth)June 25, 2024

Operating a financial and economic information platform that makes learning aboutmoney enjoyable
This report is an English translation of part of the report issued on June 21, 2024.
For inquiries concerning the report, please contract info@stock-r.org【198A PostPrime Sector：Information & Communication】
Fiscal Year
May 2022
May 2023
May 2024f

Net sales

YoY

Operatingprofit

YoY

Ordinaryprofit

YoYProfit

YoYEPSBPS

DPS(mn yen)(%)(mn yen)(%)(mn yen)(%)(mn yen)

(%)

(yen)

(yen)

(yen)

644-368-

419-

200

787

22.2

247-32.9

260-37.9

936

18.9

343

39.1

366

40.8-

20.1

41.6

0.0

186-7.3

18.6

60.2

0.0

240

29.1

24.0

-

0.0

Note: Non-consolidated basis.Figures for the fiscal year ending May 2024 is the company's forecasts.

Operating Financial and Economic Information Platform
PostPrime operates a social networking platform PostPrime that covers a variety ofcontent related to financial and economic information. The company was established in
September 2020 and released PostPrime in September 2021.
PostPrime is a social media platform that allows anyone to learn how to increase theirwealth easily. It covers a wide range of content related to the latest news as well as
financial and economic information from around the world.
Membership in PostPrime is free. Registered users can choose to post information in a
number of forms, including text, images, audio, video and live streaming, at no charge,
while also viewing and listening to information posted by other registered users. Users canalso use the comment and live chat functions to communicate with one another.
In addition to free registration, there are services such as prime registration, which allows
users to view and browse paid postings and access various paid features, as well asmembership, which grants benefits for a fee upon subscription.
There are four grades of membership, with services differing according to the fee. Moreadvantageous information is available depending on the membership grade.
Users can also become prime creators who, should they meet certain requirements, canset up their own paid posts and earn revenue through information dissemination.
The company's net sales come from 1) prime registration, 2) membership, 3) affiliate
advertising and 4) other sales. The company does not disclose net sales composition
ratios.

Newly Listed Company Introduction Report

1/2

The contents indicated in the report are based on information as of the date the report was created and are subject to change without prior notice. The Stock Research Center
makes no warranty or representation concerning the accuracy, reliability, completeness, adequacy and reliability of the information indicated in the report, and shall not assume
no responsibility or obligation whatsoever. The Stock Research Center assumes no responsibility for any direct or indirect loss, lost profit, damage or other results from investors
accessing and using the report or relying on the report concerning the distribution of the report. Final investment decisions shall be made by the investors themselves, and entire
responsibility for investments lies with investors that accessed the report. In addition, intellectual rights concerning the report belongs to The Stock Research Center and may
not be copied, reprinted, quoted, etc. without permission.

Newly Listed Company Introduction Report (Issued by The Stock Research Center)

PostPrime (198A TSE Growth)June 25, 2024

Financial Statements

Statement of income

Fiscal Year

May 2022(mn yen)

Net sales

Nine months
to Feb.2024

May 2023(%)(mn yen)(%)(mn yen)

(%)

644

100.0

787

100.0

734

100.0

Cost of sales

8

1.3

78

9.9

78

10.7

Gross profit

635

98.7

709

90.1

656

89.3

Selling, general and administrative expenses

267

41.5

461

58.7

339

46.2

Operating profit

368

57.2

247

31.4

316

43.2

Non-operating income

51-

13-

21-

Non-operating expenses------Ordinary profit

419

65.1

260

33.1

338

46.1

Profit before income taxes

302

46.9

260

33.1

338

46.1

Net profit

200

31.2

186

23.6

221

30.2

Balance sheet

Fiscal Year

May 2022(mn yen)Current assets

May 2023(%)(mn yen)Feb.2024(%)(mn yen)

(%)

402

76.1

884

96.4

1,182

93.8

Cash and deposits

335

63.3

656

71.5

850

67.5

Accounts receivable-trade

24

4.6

31

3.4

36

2.9

Inventories

1

0.3

30.3

20.2

126

23.9

33

3.6

77

6.2

Property, plant and equipment

10.2

20.3

30.3Intangible assets------

Non-current assets

125

23.7

30

3.4

74

5.9

Total assets

Investments and other assets

529

100.0

918

100.0

1,259

100.0

Current liabilities

110

20.8

312

34.0

432

34.4

4

0.9

17

1.9

17

1.4

------

419

79.2

605

66.0

826

65.6

415

78.6

602

65.6

823

65.4

Accounts payable - tradeNon-current liabilities
Net assets
Owners' equity

May 2022

May 2023(mn yen)(mn yen)

323

359

10

Cash flows from investing activities-17-19Cash flows from financing activities-3

Statement of cash flows

Fiscal Year

Cash flows from operating activities
Depreciation

Dividends paid--

Net increase in cash and cash equivalents

306

336

Cash and cash equivalents

364

701

Note:Non-consolidated
Source: Prepared by Stock Research Center based on the notifiable prospectus.

Newly Listed Company Introduction Report

2/2

The contents indicated in the report are based on information as of the date the report was created and are subject to change without prior notice. The Stock Research Center
makes no warranty or representation concerning the accuracy, reliability, completeness, adequacy and reliability of the information indicated in the report, and shall not assume
no responsibility or obligation whatsoever. The Stock Research Center assumes no responsibility for any direct or indirect loss, lost profit, damage or other results from investors
accessing and using the report or relying on the report concerning the distribution of the report. Final investment decisions shall be made by the investors themselves, and entire
responsibility for investments lies with investors that accessed the report. In addition, intellectual rights concerning the report belongs to The Stock Research Center and may
not be copied, reprinted, quoted, etc. without permission.

About Stock Research Center
Stock Research Center is engaged in the preparation of analyst reports, mainly on companies that are not sufficiently
covered by analysts, based on a neutral perspective, and broadly disclose the reports to the public with an aim torevitalize the stock market.
Note: Reports prepared by Stock Research Center are created in reference to the Ministry of Economy, Trade andIndustry’s Guidance for Integrated Corporate Disclosure and Company-Investor Dialogues for Collaborative ValueCreation.

Discretionally select companies tocover, interview them and preparereports
Listed Companies

TSE, Securities Companies, Audit Companies, etc.

Support

Stock Research Center

Provide reports through websites,
smartphone apps, etc. (free of chargein principle)
Investors, Media, etc.

No cost burden on listed companies■Supporting Members
Tokyo Stock Exchange, Inc.
SMBC Nikko Securities Inc.
Nomura Securities Co., Ltd.
Mizuho Securities Co., Ltd.
KPMG AZSA LLC
ICMG Co., Ltd.
Deloitte Touche Tohmatsu LLC
SBI SECURITIES Co., Ltd.
PricewaterhouseCoopers Japan LLC
Ichiyoshi Securities Co., Ltd.
GYOSEI & CO.
Avantia G.P.
PRONEXUS INC.
Japan Securities Dealers Association
The Securities Analysts Association of Japan

Daiwa Securities Co. Ltd.
Ernst & Young ShinNihon LLC
Grant Thornton Taiyo LLCBDO Sanyu
A&A Partners
TAKARA PRINTING CO., LTD.

■Endorsement
Nagoya Stock Exchange, Inc.
Japan Venture Capital Association

Sapporo Securities Exchange
Japan Investor Relations Association

Japan Stewardship Forum

Certification by Analysts
Analysts indicated in the reports certify that the content indicated in the report precisely reflects the personal opinions of the analysts
on all securities and issuer companies discussed in the report. In addition, it is ensured that the opinions directly or indirectly indicatedin the report will have no influence on the analyst’s compensation in the past, present, and future upon writing the report.

Disclaimer∙ The report is prepared by stock analysts affiliated with the Stock Research Center for the purpose of disclosure to a wide range ofinvestors as reference information and not to recommend or solicit to buy or to sell any particular securities or financial instrument.
∙ The content and indication of the report is based on disclosed information available publicly and is prepared by adding necessary
supplementary information gained through interviews by analysts. The writer of the report is, without exception, prohibited to use
insider information, or to acquire such information. The information included in the report is believed to be precise and reliable, but
its preciseness is not verified objectively. In addition, the report is not intended to comprehensively include all information requiredby investors.
∙ The information included in the report may become outdated due to changes in the financial market, economic environment, etc.
There are risks that the prices of stocks featured directly or indirectly in the report will fall below the par value due to fluctuations instock prices, changes in management/financial conditions of the issuers, fluctuations in exchange rates or interest rates, etc. Past
performance does not imply or guarantee future performance.
∙ The opinions indicated in the report are subject to change without notice and the Stock Research Center has no obligation to update
the information or opinions included in the report.
∙ The Stock Research Center does not bear any responsibility for any results, including direct losses, indirect losses, losses of profitand damages, suffered by investors due to using the report or relying on the report. Final investment decisions shall be made byinvestors themselves and the sole responsibility concerning the investment lies with the investors that viewed the report.
∙ The copyright of the report belongs to the Stock Research Center and it may not be copied, reproduced, quoted, etc. in any form
without prior consent.