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

May 9, 2024
4-1-28 Toranomon, Minato-ku, TokyoJapan Communications Inc.
Naohisa Fukuda
Representative Director-President(Code No.: 9424)
For enquiries: Mitsuru Kodaira
Executive Officer and CFO
Tel: +81-3-5776-1700

Announcement of differences in Non-consolidated Financial Results and Consolidated
Financial Results from those for the Previous Fiscal Year

Japan Communications Inc. (JCI) hereby announces that differences have been occurred between nonconsolidated financial results and consolidated financial results for FY2023 (from April 1, 2023 to March31, 2024) and those for the previous fiscal year.
1. Difference from non-consolidated results for the previous fiscal year
(1) Difference between non-consolidated financial results for FY2023 (from April 1, 2023 to March31, 2024) and the results for the previous fiscal year
Net revenue

Operating profit Ordinary profit

Basic earnings
per share

ProfitMillions of yen

Millions of yen

Millions of yen

Millions of yen

yen

5,811

837

835

717

4.35

Current results
(B)

7,247

1,294

1,257

1,398

8.47

Difference
Amount (B-A)

1,435

456

422

681

Difference Ratio
(%)

24.7%

54.6%

50.6%

95.0%

Previous results(A)(2) Reason for difference
In non-consolidated financial results for FY2023, our revenue and profit both increased because
the flat-rate or semi-flat-rate voice services in “Nihon Tsushin SIM” which was released in July
2020 has been grown steadily.

1 / 2

As JCI has improved the products of “Nihon Tsushin SIM” to strengthen its productcompetitiveness, revenue from “Nihon Tsushin SIM” has been growing steadily for bothindividual and corporate customers, and the number of MNP port-ins from major mobile phone
carriers or major MVNOs has also been increased. In addition, the number of customers forvoice services under partner brands has also been increasing steadily and as a result, the mobile
telecommunications business has continued to see growth both in the MVNO Business and theEnabler Business.
In addition, the Profit increased because JCI recorded extraordinary income of 363 million yen
in conjunction with the finalization of the judgment in a lawsuit between JCI and QuantaComputer Inc. in the three months ended June 30, 2023.

2. Difference from consolidated results for the previous fiscal year
(1) Difference between consolidated financial results for FY2023 (from April 1, 2023 to March 31,2024) and the results for the previous fiscal year
Net revenue
Previous results(A)

Profit attributableto owners ofparent

Basic earnings
per share

Millions of yen

Millions of yen

Millions of yen

Millions of yenyen

6,074

740780

690

4.19

7,400

1,139

1,183

1,365

8.27

1,326

398

403

674

21.8%

53.7%

51.6%

97.7%

Current results(B)
Difference
Amount (B-A)
Difference Ratio(%)

Operating profit Ordinary profit(2) Reason for difference
The reason for difference between consolidated financial results and the results for the previous
fiscal year is attributed to the reason for difference between non-consolidated financial results
and the results for the previous fiscal year.
About Japan Communications Inc. (JCI)
Japan Communications Inc. is the mobile solution innovator that has created the MVNO industry with its
vision since its establishment in 1996. In today's world, where digitalization is advancing and everything isconnected through networks, our patented technology, the Personal Wireless Leased Line, has obtained
PCI DSS certification, an international security standard, for all its main systems. This technology isadopted in fields that require high levels of security, such as banks, and credit card companies.
Furthermore, JCI is building a common platform for secure and reliable digital IDs that provide the highest
level of security without compromising convenience. This enables the provision of safe and convenientservices for the entire society, including financial transactions using smartphones. We continue to embrace
our challenger spirit, aiming to provide a safe mobile environment as a social infrastructure.

2 / 2