Materials for the Briefing on the Financial
Results for FY2021
February 10, 0222
Future Corporation(First Section of the Tokyo Stock Exchange: 4722)
Copyright © 2022 by Future Corporation

Today’s Presenters

Yasufumi Kanemaru

Yuki Shingu

Yohei Saito

Chairman andPresident GroupCEOBoard Director

Board Director, Chief
Technology Officer

President,
Future Architect, Inc.

Copyright © 2022 by Future Corporation

1

Agenda1. Earnings for FY2021
2. Topics Related to FY2021
3. Plan for FY2022
Copyright © 2022 by Future Corporation

2

1. Earnings for FY2021

Copyright © 2022 by Future Corporation

3

1. Earnings for FY2021(i) Earnings Highlights
 Record-high net sales, operating income and profit

Consolidated
earnings resultsfor FY2021

Net sales
Operating income
Ordinary income
Profit48,698 million yen (+ 9.9%)
9,000 million yen (+71.9%)
9,289 million yen (+70.8%)
6,369 million yen (+67.8%)

IT Consulting &Service Net sales and operating income increased due to orders received for DX projects andthe smooth progress of projects, while we pursued strict quality control and fair value.
Net sales:
39,258 million yen (10.6% increase)
Operating income:
8,925 million yen(82.1% increase) * Refer to Appendix (iv)

BusinessInnovation

 Net sales of online services grew, offset by temporary expenses, etc., resulting in adecrease in operating income.
Net sales:
9,596 million yen(7.7% increase)
Operating income:
413 million yen(10.7% deccrease) * Refer to Appendix (iv)

Inter-segment
adjustment

Net sales:
Operating income:-443 million yen-600 million yen
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4

1. Earnings for FY2021(ii) Analysis of Earnings Results (Changes in Net Sales,
Operating Income, and Operating Income Margin)

 Net sales and operating income increased by 4.4 billion yen and 3.8 billion yen respectively year on year
due to orders received for DX projects and the smooth progress of projects.
 Operating income margin was 18.5%, up 6.7% year on year, as a result of strict quality control andemphasizing fair value.

Net sales

10,000(Million yen)

Operating income

45.0%

9,000

Operating income
9,000

Operating income margin

48,69845,3898,000

44,31135.0%

40,21833,653

40.0%

6,523

7,000

36,265

30.0%

5,824

6,000

5,235

25.0%

4,458

5,000

20.0%

4,000

3,642
18.5%

15.0%

3,000

14.5%
2,000

10.8%

14.4%

10.0%

11.8%

12.3%

5.0%
1,000

0.0%

0

2016

2017

2018

2019

2020

2021

2016

2017

2018

2019

2020

2021

Copyright © 2022 by Future Corporation

51. Earnings for FY2021(ii) Analysis of Earnings Results (Changes in Balance Sheet) Total assets were 54,483 million yen, up 4,660 million yen from the preceding year mainly due to anincrease in cash from profit increase.

Balance Sheets
Liabilities(Million yen)

Total assets: 49,823

Total assets: 54,483 (+4,660)

Net assets

12,682

Cash and deposits
Other current assets

15,11020,53011,594

11,325
1,178
2,150

11,582
1,155
2,138

38,22820,057借１

End of December 2020

列2

借２

+ 5,420

Other current ass：

+ 257

Property, plantan：

- 23

：

- 12

Investments and：- 979

Total assets：+ 4,660

Increase in cash

Total liabilities：+ 1,088

Income taxes payable:+1,451
Deferred tax liabilities:-336

Total net assets ：+ 3,573

Profit +6,369

41,801

Mainly due to profit
increase

Decline in the market
value of other investment
securities

Dividend payment -1,902

19,078

貸１

Cash and depos：

Intangible

Property, plant andequipment
Intangible assets
Investments andother assets■ Major Changes

貸２

Valuation difference
onavailable for salesecurities: -517

End of December 2021
Copyright © 2022 by Future Corporation

6

1. Earnings for FY2021(ii) Analysis of Earnings Results (Cash Flows)(Million yen)
 Cash and deposits up 5,400 million yen boosted mainly by net cash provided by operating activitiesof 9,600 million yen■ Major breakdown of cash flows

Cash
CashFlows
Flows

Operating CF

9,611-1,68916,01021,430-2,498-3

Profit before income taxes

:

9,185

Depreciation and amortization of
goodwill:

1,146

Tax payment:- 1,449

Changes in receivables and payables

:

729

:

9,611

Purchase of intangible assets

:

- 748

Purchase of property, plant andequipment

:

- 274

Purchase of securities, etc.

:

- 667

Net cash flow:

- 1,689

Dividend payment:- 1,902

Purchase of additional shares ofsubsidiaries
Other

:

- 450

:

- 146

:

- 2,498:+ 5,420

Net cash flow
Investing CF

Financing CF

Cash anddeposits at theend of theprevious period

Operating CF

Investing CF

Financing CF

Other

Cash anddeposits at theend of thecurrent period

Net cash flow
Change in cash and cash equivalents

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7

1. Earnings for FY2021(iii) Results by Segment (IT Consulting & Service)
Net sales2020
35,488Operating income(Million yen)

2021
39,258

2020
4,900

2021
8,925

1

Future Architect, Inc.

(including Future Corporation's Technology
Division)

Net sales

Operating income

FutureOne
Net sales

Operating income

YDC Corporation
Net sales

Operating income

dit Co., Ltd
Net sales

Operating income

 Net sales increased, boosted by orders coming in for projects from a wide variety of customers, and the smooth
progress of projects beneficial to our medium-term growth, including a project for introducing next-generation banking
systems to regional financial institutions
 Operating income increased substantially as a result of strict quality control and emphasizing the value of our IT
system Net sales and operating income increased as a result of undertaking optimization in customizing an original package
software “InfiniOne,” along with the effort to strengthen channels with outside sales partners, etc.
 Net sales and operating income decreased due to a decrease in SI projects, despite the efforts to expand the customer
base in the logistics field by providing unique know-how to the Group’s customers.
 Net sales and operating income increased, boosted by favorable orders received for vulnerability assessment,
computer forensics, and other cyber security-related services, as well as a steady stream of orders for network
construction-related services designed to improve the information and communications technology (ICT) environment.
Copyright © 2022 by Future Corporation

8

1. Earnings for FY2021(iii) Results by Segment (IT Consulting & Service)(Million yen)

Sales trends by industry
Service

2019

2020

2021

Distribution

5,625

7,688

6,126

8,123

(20.4%)(27.9%)(22.2%)(29.5%)

6,743

6,120

7,000

(23.1%)(26.4%)

6,616(25.0%)

8,736(29.1%)(25.5%)

6,166(20.6%)

Finance

8,318

6,766

(27.7%)(22.6%)

Manufacturing

Note 1) Results for Future, Future Architect, Future Inspace, and YDC have been combined.
Note 2) Figures for procured goods and the maintenance thereof are not included
Copyright © 2022 by Future Corporation

91. Earnings for FY2021(iii) Results by Segment (IT Consulting & Service)(Million yen)

Sales trends by phase
Grand design

2019

2020

2021

4,149

14,351

4,014(15.1%)(14.6%)

5,365(20.3%)

7,415(24.7%)

6,205(42.3%)

6,136(20.5%)

Management/Operation(18.3%)

11,203(14.0%)Development

5,048(52.1%)

3,706

Design(23.4%)

10,736(35.8%)

5,699(19.0%)

Note 1) Results for Future, Future Architect, Future Inspace, and YDC have been combined.
Note 2) Figures for procured goods and the maintenance thereof are not included
Copyright © 2022 by Future Corporation

101. Earnings for FY2021(iii) Results by Segment (Business Innovation)
Net sales
2020
8,908

Operating income(Million yen)

2021
9,596

2020
462

2021
413

1

eSPORTSNet sales

Operating income

Tokyo Calendar Inc.
Net sales

Operating income

CodeCamp Inc.
Net sales

Operating income

LaiBlitz, Inc.
Net sales

Operating income

 An increase in net sales mainly of its private brand QUICKCAMP was offset by temporary expenses including
expenses for the renovation of an infrastructure system and various expenses for changing the corporate name in
March 2022. As a result, net sales grew but operating income decreased.
 Stable revenue from Internet services including Tokyo Calendar Date, growth in magazine and advertisement sales,and efforts to monetize investment and convert it into profit more effectively contributed to an increase in net sales
and operating income.
 While capturing corporate demand for shifting from group training to online training, a decrease in individual orders
due mainly to the entry of competitors and expenses related to curriculum development and advertisement resulted
in a decrease in net sales and operating income.
 Net sales and operating income were unchanged from the previous fiscal year, due to a decrease in sales forexisting customers, despite the efforts to provide various sports-related data and a video management service which
resulted in an acquisition of new customers.
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11

1. Earnings for FY2021(iv) Analysis of Changes in Net Sales(Million yen)

44,311

2020

3,770

687

IT Consulting &ServiceBusinessInnovation

225

48,698-295

Other

Adjustments

2021

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121. Earnings for FY2021(iv) Analysis of Changes in Operating Income(Million yen)

28

4,024
-49

9,000
-238

5,235

2020

IT Consulting &ServiceBusinessInnovation

Other

Adjustments

2021

Copyright © 2022 by Future Corporation13

2-1. Topics Related to FY2021
IT Consulting & Service Business
1. Steady flow of orders coming in from customers implementing management reforms
2. The Fukushima Bank decided to adopt Next-Generation Banking System
3. Infrastructure systems of ZEN-NIPPON SHOKUHIN and ORBIS were migrated to a fully
cloud-based model
4. Provided consulting for new business co-creation
at Mitsui Fudosan and JR East Information Systems
5. Accelerate the diversification of talented people and working styles “Flexible &Customize”

Copyright © 2022 by Future Corporation 14

Steady flow of orders coming in from customers implementing
management reforms
Received a multi-year order for system investment from a long-standing customer
Received more new orders from customers adopting DX actively, along with a large-scale
order

Retail andWholesale

Banking
Insuranceandsecurities

Distribution

Real timearchitecture
Apparel+Temporarystaffing

Media
Logistics,
Lifestyle,
Infrastructure

Energyand
Manufacturing

Copyright © 2022 by Future Corporation 15

The Fukushima Bank decided to adopt Next-Generation Banking System
Next-Generation Banking System under development on SBI Finance Cloud, toward fullscale operation in 2024
Contribute to the creation of regional community by supporting the “promotion ofdigitalization”

 Digitalization of store operations
 Support the marketing and formulation ofmanagement strategies based on real timedata
 Enhanced digital channels by introducing
API-driven banking service

Smartphone Bank(Individual IB)

FintechAlliance withother industries

ATM andZengin, etc.

**

BranchApps

CORE Bank (Data entry)
Operational application

Consulting(store)Business rule engine

API One-stop operation of sales and loans

Corporate
IB

IndividualSemi-self(store)Next-Generation Banking SystemAPI Quick and flexible response to a change inbusiness

Corporate

Externally linked API

Migration to a cloud-based
accounting infrastructure system

 Next-Generation Banking System (conceptual image)Accounting DB

Real Time
Replication
Integrated data mart*

FutureBANK(Sales andLoans)

Consulting(on-site)

BI, ETL, Ledgers

Public cloud *Marketing(Headquarters)

Businessmanagement(Headquarters)* In this project, “Smartphone Bank (individual IB),” Fintech alliance API,” “External connection for ATMs and Zengin, etc.” and“Public cloud” are provided by SBI Holdings.

Support the digitalization of regional banks across the country, based on proven solutions provided
for the reforms of more than 30 regional financial institutions

Copyright © 2022 by Future Corporation 16

Infrastructure systems of ZEN-NIPPON SHOKUHIN and ORBIS
were migrated to a fully cloud-based model

Provide an architecture that can address new management challenges as along-term IT strategy partner

Operating cost reducedby more than 40% per year(*1)
Shift to a management environment that facilitates
strategic investment

Logic for receiving orders reduced by 27%(*2)
Allows for a scheme that meets the needs ofthe times

Fully migrated to cloud-based systems in July 2021, including
HEARTONE, an infrastructure system. Acquired systeminfrastructure that provides prompt responses to a newnormal environment.

Fully migrated to cloud-based systems in January 2022,
including FORCE, an infrastructure system. Provides
flexibility in new services including a regular purchase andaddition of settlement methods.

 Highly difficult cloud migration projects werecompleted in a short time with the use of a scientificapproach and technological expertise Extensive and flexible architecture Reduced consumption of electricity and CO2 emissions*1 Estimated by Future Corporation.
*2 Actual figures at the time of release at the end of February 2021.

Function A

Function B

Function C

IndividualfunctionsIndividualfunctionsIndividualfunctions

Common functions
OSS/FW
Virtual machine/Container
Infrastructure (Cloud/On Premises)
Copyright © 2022 by Future Corporation 17

Provided consulting for new business co-creation
at Mitsui Fudosan and JR East Information Systems
Promote with customers their new business creation and demonstration
experiments with the use of technological capability
Product planning anddemonstration experiments

Verification of new businessservice
Support the embodiment of new business concepts andthe development of prototyping
Structurebusiness
concept
Review area ofimprovements
Visualize theeffect of service



Review users andservice menu provided

Embodynewbusiness

Support customers with their cutting-edge technologicalverification, on-field demonstration experiments, and theimprovement of their technological capability
Pair programming
Skill transfer

Customer

FutureCorporation

DevOpsPrototyping

UIUX

GP
S

Demonstration Geofence/GPS
experiments

App development

Infrastructure
Framework/Design
development process

Offer a trial for customers
and allied partners

Visualize an idea, brush up, and embody the concept
comprehensively
Sophisticated operation and system planning toward
the release of services

Product ownerProvided by Future formaking rapid progress

Scrum leader(Architecture leader)Prototyping

Product planning, development, and demonstration
experiments with the use of cutting-edge technology
Skill transfer to improve customers’ skills
Copyright © 2022 by Future Corporation18

Accelerate the diversification of talented people and working styles “Flexible &Customize”
Flexible COVID-free working style without restrictions on the place and time
Use systems flexibly in accordance with a change in life stages and individual
preferences
Diversified talented people
regardless of whether they
are new graduates or midcareer, and regardless of
their genderOver 90% of employees
choose teleworking without
restrictions on the place(I- & U-turn)

Customize the use of timeand systems individually
Ratio of employees taking
childcare leave and average days

Mid-career
New graduates
46% 54%150 days

Female61.2 days

Male

100%
63%

(National average ratio
is 12.7%)

Copyright © 2022 by Future Corporation 19

*Draft

2-2. Topics Related to FY2021
Business Innovation
1. Tokyo Calendar Inc.

Net sales and operating income increased sharply due to steadybusinesses of Web, matching, advertisement and monthly
magazines.

2. CodeCamp, Inc.

Prioritized investments for future growth in FY2021

Copyright © 2022 by Future Corporation 20

*Draft
Net sales and operating income increased sharply due to steadybusinesses of Web, matching, advertisement and monthly magazines.
Analyze “what is truly expected” by customers
having fewer occasions to eat out due topandemic
Record-high average sales of monthly
magazines

Significant year-on-year increase in net
sales and operating income by 117%
and 227% respectively

Net sales

Operating incomeUserbehavior

Reached 125% year-on-year growth(record-high sales volume of the December edition)
Amid a fall in corporate advertisement expenses, the useof the brand in three-dimensional corporate promotions
was positively received by customers, resulting in a
growth in advertisement sales.

FY2020

FY2021

FY2020

FY2021

Copyright © 2022 by Future Corporation 21

Prioritized investments for future growth in FY2021
Prior investment made in developing learning
curriculum centered on skills for which there arehigh needs doubled that of the previous year
Individual

Sophisticated and enhanced
learning curriculum

Targetexpanded
from 2022

Increased large-scale orders from thecorporate sector for DX training which uses
the curriculum developed
Large-scale orders for DX
training, etc. increased

Corporate

Kids

2020

2021

Strengthen services to support corporate
customers comprehensively from recruitment
and education to evaluation
Copyright © 2022 by Future Corporation 22

3. Plan for FY2022

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23

3. Plan for FY2022(1) Full-year Operating Forecast(Million yen)

Plan forFY2022

Results for
FY2021

YoYchangeNet sales

55,50048,698+14.0%

26,50023,117+14.6%

Operating income(operating
income margin)

10,5009,000+16.7%

5,000

3,746

+33.5%

Profit attributableto owners ofparent

7,350

6,369

+15.4%

3,500

2,696

+29.8%(profit margin)(18.9%)(13.2%)(18.5%)(13.1%)

Plan forResults for
FY2022 1H FY2021 1H(18.9%)(13.2%)(16.2%)(11.7%)

YoY
changeCopyright © 2022 by Future Corporation

24

3. Plan for FY2022(2) Changes in Net Sales and Operating Income(Million yen)

Operating income

Net Sales

12,00 055,500Operating income

10,500Operating income margin

48,69845,38924.0%

10,00 0

22.0%

9,000

44,311

40,218
8,000

20.0%

6,523
6,000

18.5%

5,824

18.9%

18.0%

5,235
16.0%

4,000

14.5%

14.4%

14.0%

2,000

12.0%

11.8%
0

2018年
2018

2019年
2019

2020年
2020

2021年
2021

2022年（予）2022(Forecast)

10.0%

2018

2019

2020

2021

2022 (Forecast)

Copyright © 2022 by Future Corporation25

3. Plan for FY2022(3) Dividends
 FY2021 year-end dividend is raised by 5 yen from the initially planned 23 yen to make it 28 yen per share.
Annual dividend is 51 yen, to be added to interim dividend of 23 yen (equivalent to 25.5 yen per year after thestock split(*)).
 FY2022 annual dividend will be 30 yen per share (interim dividend of 15 yen and year-end dividend of 15 yen).

History of annual dividend per share*
35.0

120 .0 %Dividend

30.0

30.0 yen

Dividend payout ratio

100 .0 %25.5 yen
25.0

80.0%

19.5 yen

20.0

20.0 yen
60.0%

16.0 yen
46.8%

15.0

34.9%

35.4%

36.1%

10.0

20.0%

5.0

0.0%

2018
(*)

38.3%

40.0%

2019

2020

2021

The Company conducted a two-for-one stock split of its common stock on January 1, 2022. The annual dividend
amount before 2021 is calculated by taking into consideration the effect of the stock split.

2022 (Forecast)
Copyright © 2022 by Future Corporation

26

Appendix

Copyright © 2022 by Future Corporation27

Appendix-(i) Analysis of Earnings Results(Comparison of Results)(Million yen)Compared with projected results

Year-on-year comparison

Results for
FY2021

Revised plan for
FY2021[Released on July
30]

Net sales

48,69848,500+0.4%

44,311+9.9%

Operatingincome

9,000

8,000

+11.1%

5,235+71.9%

Profit attributable toowners of parent

6,369

5,500

+13.6%

3,795+67.8%(operating income
margin)(profit margin)(18.5%)(13.1%)(16.5%)(11.3%)

Rate of change

Results for FY2020(11.8%)(8.6%)

Rate of change

Copyright © 2022 by Future Corporation

28

Appendix-(ii) Balance Sheets(Million yen)

End of Dec. 2021

End of Dec. 2020

Major changes

ChangeTotal assets

54,48332,112
20,5307,220
1,900

49,823
26,43615,1107,884
1,000+ 4,660+ 5,676+ 5,420 Increase in profit
- 664
+ 900

Non-current assets
Property, plant and equipment
Intangible assets (including goodwill)

22,371
1,155
2,138

23,3871,178
2,150- 1,016- 23- 12

Investment securities

17,697

18,431

Current liabilities
Accounts payable – trade

12,682
7,906
913

11,594
6,476
1,028

Income taxes payable

2,215

764

4,775

5,117

- 342

4,278

4,615

- 337 cross-shareholdings

41,801
31,07838,22826,936

10,711

11,229Current assets
Cash and deposits
Notes and accounts receivable - trade
Securities

Total liabilities

Non-current liabilities
Deferred tax liabilities

Total net assets
Shareholders’ equity
Valuation difference on available-for-salesecurities

Shareholders’ equity
Return on equity (ROE)
Return on assets (ROA)
Shareholders’ equity ratio

End of Dec. 2021

15.9
17.8
76.7

End of Dec. 2020

11.1
12.2
76.6

Fluctuations in market value of cross-- 734 shareholdings+ 1,088+ 1,430- 115

Increase in income taxes payable due to an+ 1,451 increase in profit

Decrease due to fluctuations in market value of+ 3,573+ 4,142 Increase in retained earnings
Decrease due to fluctuations in market value of- 518 cross-shareholdings
Change

+ 4.8
+ 5.6
+ 0.1

Copyright © 2022 by Future Corporation

29

Appendix-(iii) Cash Flows(Million yen)

2021

2020

ChangeMajor changes

Cash flows from operating activities

9,611

4,452

+ 5,159

Profit before income taxes

9,185

5,530

+ 3,655 Increase in profit before income taxes

Depreciation and amortization of goodwill

1,146

1,142

+4

Non-cash gains and losses other than depreciation

- 300

- 448

+ 148

796

- 238

- 1,449- 1,718+ 269- 1,689- 666- 1,023

Purchase and redemption of securities

- 902

- 100

- 802

Purchase of property, plant and equipment

- 247

- 121

- 126

Purchase of intangible assets

- 748

- 433

- 315

- 2,498- 2,708+ 210- 1,902- 1,822

- 80

-0

- 758

+ 758

Purchase of additional shares of subsidiaries

- 450

0

Effect of exchange rate changes on cash and cash
equivalents

-3

3

-6

Increase (decrease) in cash and cash equivalents

5,419

1,080

+ 4,339

Cash and cash equivalents at the beginning of the period

16,01014,929+ 1,081

Cash and cash equivalents at the end of the period

21,43016,010+ 5,420

Changes in receivables and payables
Tax payment
Cash flows from investing activities

Cash flows from financing activities
Dividend payment
Purchase of treasury shares+ 1,034 Increase in income taxes payable

Purchase of additional shares of a consolidated subsidiary- 450 (CodeCamp, Inc.)

Copyright © 2022 by Future Corporation30

Appendix-(iv) Results by Segment
2021

2020

48,69844,311+9.9%

IT Consulting & Service

39,25835,488+10.6%

Business Innovation

9,596

8,908

+7.7%

Other

286

61

+366.4%

Adjustments

-443

-147

-

9,000

5,235

+71.9%

8,925

4,900

+82.1%

Business Innovation

413

462

-10.7%

Other

262

-21

-

Adjustments

-600

-107

-

(Million yen)

Net sales

Operating income
IT Consulting & Service

YoY change

Copyright © 2022 by Future Corporation31

Appendix-(vi)-1 Recognition of Backlog (IT Consulting & Service)(1) When making a large, long-term contract, we divide it into two or more parts to manage risk andtreat only the finalized portion as an order received

Project A: Contract amount of 200M

Finalized

50M

Estimate (2)Estimate (1)

100M

50M

Period-end⇒ The amount of anorder received for
calculation is 50M.

(2) Each contract's period and amount differ depending on the portfolio for each phase
Grand design

Orders received

40M (3 months)

Development

Estimate

60M (3 months)

Orders received

100M (6 months)

Period-end(3) Orders received are recognized based on evidence (contract documents) and are not considered
as such without evidence even if sales are expected to be made.
(4) Unless we can obtain evidence of orders by the respective closing dates, we do not recognize
them.
Copyright © 2022 by Future Corporation

32

Appendix-(vi)-2 Relationship between Backlogs and Sales
IT Consulting & Service – Changes in backlogs and sales(Quarterly basis)

Order backlog(Millions of Yen)
16,000Net sales(Millions of Yen)
12,000Order backlog
Net sales

14,00010,00012,0008,000

10,000
8,000

6,000

6,000

4,000

4,000
2,000

2,000
0

2018 1Q

2018 2Q

2018 3Q

2018 4Q

2019 1Q

2019 2Q

2019 3Q

2019 4Q

2020 1Q

2020 2Q

2020 3Q

2020 4Q

2021 1Q

2021 2Q

2021 3Q

2021 4Q

0• As shown in the concept of order backlog on the previous page, the order backlog at the end of the period does notnecessarily correlate with future net sales• Orders for which the contract term begins after January 2022 are presented by applying the Accounting Standard
Copyright © 2022 by Future Corporation
33
for Revenue Recognition, etc.

The summary report of operating results, supplementary materials,
briefing material and other various IR materials are also available
on the Company’s website.
https://www.future.co.jp/investor_relations/
Investor Relations, Future Corporation
TEL: 03-5740-5724
FAX: 03-5740-5820
E-mail: ir@future.co.jp
This material contains future forecasts made based on currently available information. These forecasts may change depending on the future direction of the Japanese
economy and the IT service industry. It should be noted that the Company does not guarantee or promise the accuracy of these forecasts.
In this material, the figures in the summary report of operating results, etc. that are indicated in units of those yen are stated in units of million yen. Hence, a disparity
may be found in some of the totals and differences. For detailed figures, please refer to the summary report of the operating results.
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