The following information was originally prepared and published by the Company in Japanese as it contains timely disclosurematerials to be submitted to the Tokyo Stock Exchange. This English translation is for your convenience only. To the extent there isany discrepancy between this English translation and the original Japanese version, please refer to the Japanese version.

Summary of Financial Statements for the First Half of the
Fiscal Year Ending December 31, 2020 [IFRS] (Consolidated)
August 7, 2020
Broadleaf Co., Ltd.
Stock Listing: Tokyo Stock Exchange 1st Section
Representative: Kenji Oyama, Representative Director, President & CEO
Scheduled Submission Date for Quarterly Report:
August 12, 2020
Scheduled Starting Date for Dividend Payment:
September 18, 2020
Earnings Supplementary Explanatory Documents:
Yes
Earnings Results Briefing:
Yes (For institutional investors and analysts)(Amounts are rounded off to the nearest million yen.)

1. Consolidated Financial Results for the 1st Half of the FY2020 (from January 1, 2020 to June 30, 2020)(1) Consolidated Results of Operations(Percentage below represents increase (decrease) from the same period of previous year)
Profit attributable
Total
Revenue
Operating profit Profit before tax
Profitto owners ofcomprehensive
parentincomeMillions of Yen

H1 FY2020
H1 FY2019% Millions of Yen

10,232
11,072-7.6
9.7% Millions of Yen

1,628 -21.7
2,080 34.9

Basic earnings per share
H1 FY2020
H1 FY2019% Millions of Yen

1,614 -22.2
2,075 34.1

% Millions of Yen

1,065 -21.8
1,361 36.4

% Millions of Yen

1,066 -21.7
1,361 36.4%

967 -26.8
1,320 40.2

Diluted earnings per share

Yen

Yen

12.18
15.59

11.98
15.39

(2) Consolidated Financial Position
Total assets

Percentage of equity
attributable to owners ofparentEquity attributable toowners of parent

Total equity

Millions of Yen

Millions of Yen

Millions of Yen%

32,091

23,75723,75574.0

31,68923,22023,21773.3

End of Q2
FY2020End of FY2019
2. Dividends

Dividends Per Share
End of Q1

End of Q2

End of Q3

Yen

Yen

‒
‒

6.50
6.60

FY2019FY2020Year-end

Yen‒

FY2020 (Forecast)

Total
Yen

Yen

6.50

13.00

6.60

13.20

(Note) Revisions to the latest forecasts of dividends: No

3. Earnings Forecasts for FY2020 (from January 1, 2020 to December 31, 2020)(Percentages below represent increases (decreases) from the same period of the previous fiscal year.)

Revenue
FY2020(Note)

Operating profit

Profit attributable toowners of parent

Profit before tax

Basic earnings per
share

Millions of Yen%

Millions of Yen%

Millions of Yen%

Millions of Yen%

Yen

21,300

-5.7

3,900

-13.8

3,900

-13.1

2,700

-12.7

30.87

Revisions to the latest forecasts of earnings: Yes

* Notes(1) Changes in significant subsidiaries during the six months ended June 30, 2019 (changes of specified subsidiaries with change of thescope of consolidation): No(2) Changes in accounting policies, changes in accounting estimates
1. Changes in accounting policies required by IFRS: No
2. Other changes in accounting policies: No
3. Changes in accounting estimates: No(3) Number of shares outstanding (common stock)
1. Number of shares outstanding (including
treasury stock)

Q2 FY2020

97,896,800

FY201997,896,800

2. Number of shares of treasury stock

Q2 FY2020

10,318,811

FY201910,469,263

3. Average number of shares outstanding(during the period)

Q2 FY2020

87,475,499

Q2 FY201987,341,624* The quarterly earnings report is outside the scope of audit procedures by certified public accountants and audit firm.
* Comment regarding appropriate usage of earnings forecasts, and other special notes(Note on forward-looking statements)
The forward-looking statements such as earnings forecasts contained in this document are based on the information currently available
to the Company and certain assumptions which are regarded as legitimate. The Company makes no warranty as to the achievability ofwhat is described in the statements. Actual results may differ from these forecasts due to various factors.
(Availability of earnings supplementary explanatory documents and information on earnings results briefings)
The Company will hold a results briefing for institutional investors and analysts, streaming it live over the internet, on Tuesday, August
11, 2020. A document to be used in the briefing will be posted on the website.

- 2 -○Table of Contents of Attached Material
1. Qualitative Information on Operating Results, etc. for the Six Months Ended June 30, 2020.................................................
(1) Qualitative information on financial results .......................................................................................................................
(2) Qualitative information on financial position ....................................................................................................................
(3) Qualitative Information on consolidated earnings forecasts ..............................................................................................

4
4
4
5

2. Summary Consolidated Financial Statements and Major Notes ..............................................................................................
(1) Summary consolidated statement of financial position ......................................................................................................
(2) Summary consolidated statement of income ......................................................................................................................
(3) Summary consolidated statement of comprehensive income .............................................................................................
(4) Summary consolidated statement of changes in equity ......................................................................................................
(5) Summary consolidated statement of cash flow ..................................................................................................................
(6) Notes regarding the summary consolidated financial statements .......................................................................................
(Notes on going concern assumption) ..............................................................................................................................
(Segment information) .....................................................................................................................................................

6
6
7
8
9
11
12
12
12

- 3 -

1. Qualitative Information on Operating Results, etc. for the Six Months Ended June 30, 2020
(1) Qualitative information on financial results
In the first six months of the fiscal year under review (January 1, 2020 through June 30, 2020), the Japanese economy was very
severe, with corporate activities and consumption trends rapidly stagnating due to the declaration of a state of emergency becauseof the COVID-19 coronavirus pandemic. Although it was expected that the economy would move toward recovery alongside a
gradual rise in social and economic activities, the future of the pandemic in Japan and abroad still remains unpredictable.
In these circumstances, in the information service segment, in which the Company operates, initiatives for digital transformation(DX) to realize new workstyles have accelerated and demand increased for investments facilitating the transfer of operations to
the internet, including teleworking. Meanwhile, there were signs of caution being taken regarding new investments outside the
DX area against the backdrop of uncertain business sentiment.
Based on the spirit of “gratitude and happiness,” part of the Group’s corporate philosophy, we have been engaged in suchactivities that contribute to customers’ ability to create business as well as supporting their business continuity. Based on therecognition that we provide essential core systems for our customers, we believe that it’s our social responsibility to provide
customers with services and support the same as we would in normal times and responded to customers in line with the changing
environment, including the facilitation of transitions to internet operations. Meanwhile, as a considerable number of customers
were not accustomed to online negotiations, a period through closing prolonged the overall negotiations including a continuous
use of software. Consequently, many negotiations that were scheduled for the second quarter slid into the third quarter andonward, resulting in the number of completed deals being less than projected.
As a result, in the first six months of the fiscal year under review (January 1, 2020 through June 30, 2020), the Company posted
revenue of 10,232 million yen (down 7.6% year on year), operating profit of 1,628 million yen (down 21.7% year on year), profit
before tax of 1,614 million yen (down 22.2% year on year), and profit attributable to owners of parent of 1,066 million yen(down 21.7% year on year).
The Company has a single business segment, which consists of IT services. A breakdown of revenue by category is shown in thetable below.
(Unit: Millions of yen)
1st Half, FY2019
1st Half, FY2020
Classification(From Jan. 1 to(From Jan. 1 toYear-on-year rate of change
Jun. 30, 2019)
Jun. 30, 2020)
Platforms

4,948

4,872

-1.5%

Applications

6,123

5,360

-12.5%

11,072

10,232

-7.6%

Total

(2) Qualitative information on financial position(i) Analysis of financial position(Assets)
Assets at the end of the first half of the consolidated fiscal year under review increased 402 million yen from the end of theprevious consolidated fiscal year, to 32,091 million yen. Current assets fell 53 million yen, to 7,934 million yen, and non-current
assets increased 455 million yen, to 24,157 million yen. The main factor contributing to the increase in non-current assets was
728 million yen additional intangible assets.
(Liabilities)
Liabilities at the end of the first half of the consolidated fiscal year under review declined 135 million yen from the end of theprevious consolidated fiscal year, to 8,334 million yen. Current liabilities fell 69 million yen, to 7,031 million yen, and noncurrent liabilities decreased by 66 million yen, to 1,303 million yen. The main factor for the reduction of current liabilities wasa decrease in operating and other liabilities of 466 million yen, decreases in contract liabilities of 219 million yen and in othercurrent liabilities of 256 million yen, despite an increase in short-term interest-bearing debt of 987 million yen. The main factor
for the fall in non-current liabilities was a decrease in long-term interest-bearing debt of 66 million yen.
(Equity)
Equity at the end of the first half of the consolidated fiscal year under review increased 537 million yen from the end of theprevious consolidated fiscal year, to 23,757 million yen. The increase was chiefly attributable to an increase in retained earningsof 497 million yen.
- 4 -(ii) Analysis of cash flows
Cash and cash equivalents (“cash”) at the end of the first half of the consolidated fiscal year under review declined 208 million
yen from the end of the previous consolidated fiscal year, to 2,826 million yen.
The following is a description of the situation and major factors of each category of cash flows in the six months ended June 30,
2020.
(Net cash from (used in) operating activities)
Net cash provided by operating activities stood at 1,100 million yen (up 22.5% year on year), mainly reflecting a decrease inoperating and other payables of 482 million yen, the payment of 646 million yen of income taxes paid, which partially offset theposting of profit before tax of 1,614 million yen, and depreciation and amortization expenses of 1,029 million yen.
(Net cash from (used in) investing activities)
Net cash used in investing activities came to 1,284 million yen (down 37.0% year on year), mainly due to the acquisition of
intangible assets of 1,233 million yen.
(Net cash from (used in) financing activities)
Net cash used in financing activities came to 23 million yen (while 1,324 million yen was used in the same period of the previousyear), chiefly attributable to the net increase in short-term loans payable of 1,001 million yen, which offset repayments of leaseobligations of 454 million yen and cash dividends paid of 568 million yen.
(3) Qualitative Information on consolidated earnings forecasts
Based on recent performance trends, the consolidated earnings forecasts published on February 14, 2020 were revised. Pleaserefer to the “Notice of Revisions to Consolidated Earnings Forecasts (Full Year)” dated August 7, 2020 for details.

- 5 -2. Summary Consolidated Financial Statements and Major Notes(1) Summary consolidated statement of financial position(Unit: Thousands of Yen)FY2019(As of December 31, 2019)
AssetsCurrent assets
Cash and cash equivalents
Operating and other receivables
Inventories
Other current financial assets
Other current assets
Total current assets

Q2 FY2020(As of June 30, 2020)

3,033,768
4,300,009
252,684
5,000
395,541
7,987,002

2,826,208
4,457,639
210,31155,000384,889
7,934,047

2,026,600
11,802,504
6,897,109
94,655
1,953,076
234,224
693,392
23,701,560
31,688,562

1,907,789
11,802,504
7,625,601
77,701
1,820,308
197,661
725,255
24,156,818
32,090,866

Liabilities and Equity
Liabilities
Current liabilities
Operating and other payables
Contract liabilities
Short-term interest-bearing debt
Income taxes payable
Other current financial liabilities
Other current liabilities
Total current liabilities

3,613,128
1,051,622
754,091
655,300
76,986
948,841
7,099,967

3,146,915
832,9021,740,787
559,571
58,295692,517
7,030,986

Non-current liabilities
Long-term interest-bearing debt
Net defined benefit liability
Non-current provisions
Deferred tax liabilities
Total non-current liabilities
Total liabilities

933,932
185,866
134,834
114,337
1,368,970
8,468,936

868,242
191,218
137,020
106,384
1,302,864
8,333,850

7,147,905
7,199,403-3,456,820
11,928,868
397,573
23,216,929
2,697
23,219,626
31,688,562

7,147,905
7,215,515-3,404,219
12,426,185
369,873
23,755,258
1,757
23,757,015
32,090,866

Non-current assets
Property, plant and equipment
Goodwill
Intangible assets
Investments accounted for using equity method
Other non-current financial assets
Other non-current assets
Deferred tax assets
Total non-current assets
Total assets

EquityCapital stock
Share premium
Treasury shares
Retained earnings
Other components of equity
Total equity attributable to owners of parent
Non-controlling interests
Total equity
Total liabilities and equity- 6 -(2) Summary consolidated statement of income(Unit: Thousands of Yen)First Half, FY2019(From January 1, 2019
to June 30, 2019)

First Half, FY2020(From January 1, 2020
to June 30, 2020)

Revenue
Cost of sales
Gross profit
Selling, general and administrative expenses
Other operating income
Other operating expense
Operating profit
Finance income
Finance costs
Equity in loss of affiliates
Profit before tax
Income tax
Profit11,071,558-3,065,442
8,006,116-5,948,089
37,233-15,4712,079,789
11,795-8,890-7,231
2,075,463-714,188
1,361,274

10,231,942-3,006,341
7,225,601-5,603,115
10,996-5,6701,627,812
41,577-37,916-17,0431,614,430-549,774
1,064,656

Profit attributable to:
Owners of parent
Non-controlling interests
Profit1,361,391-117
1,361,274

1,065,596-940
1,064,656

15.59
15.39

12.18
11.98

Earnings per share
Basic earnings per share (yen)Diluted earnings per share (yen)- 7 -(3) Summary consolidated statement of comprehensive income(Unit: Thousands of Yen)First Half, FY2019(From January 1, 2019
to June 30, 2019)
ProfitOther comprehensive income
Components that will not be reclassified to profit or loss
Net change in fair value of financial assets of equity
nature measured at fair value through othercomprehensive income
Total components that will not be reclassified to
profit or loss
Components that may be reclassified to profit or loss
Exchange differences on translation of foreign
operations
Share of other comprehensive income of associates
accounted for using equity method
Total components that may be reclassified to profit
or loss
Total other comprehensive income, net of tax
Comprehensive income
Comprehensive income attributable to:
Owners of parent
Non-controlling interests
Profit- 8 -First Half, FY2020(From January 1, 2020
to June 30, 2020)

1,361,274

1,064,656-43,714-96,909-43,714-96,909

825

-572

2,108

-286

2,933

-858

-40,781-97,767

1,320,493

966,889

1,320,610-117
1,320,493

967,829-940
966,889

(4) Summary consolidated statement of changes in equity
First Half, FY2019 (From January 1, 2019 to June 30, 2019)(Unit: Thousands of Yen)
Equity attributable to owners of parent
Other components of equity
Capital stock

Share premium

Treasury shares

Retained earnings

Shares withrestriction ontransfer

Warrants

7,147,905

7,180,906-3,500,454

9,758,944

363,850－

Changes in accounting
policies－－－

38,969－－Beginning balance after
adjustment

7,147,905

7,180,906-3,500,454

9,797,913

363,850－

Profit－－－1,361,391－－

Other comprehensive income

Balance as of January 1, 2019

－

－

－

－

－

－

Total comprehensive income

－

－

－

1,361,391－－

Acquisition of subsidiaries

－

－

－

－

－

－

Disposal of treasury shares－-1,936

6,174－-5,610－

Dividends－－－-567,505－－

Share-based paymenttransactions－

22,01835,993－

86,955-42,000

Reclassification from othercomponents of equity toretained earnings

－

－

－

171,121－－

Total transactions with owners
Balance as of June 30, 2019－20,082

42,167-396,384

81,345-42,000

7,147,905

7,200,988-3,458,288

10,762,920

445,196-42,000

Equity attributable to owners of parent
Other components of equity
Net change in fairvalue of financial
Exchange
assets of equity
differences onnature measured attranslation offair value throughforeign operations
othercomprehensive
incomeNon-controllinginterests

Total

Total

Total equity-49,109131,383

446,124

21,033,424－

21,033,424

Changes in accounting
policies－－－

38,969－38,969Beginning balance after
adjustment-49,109131,383

446,124

21,072,393－

21,072,393

－
2,933

－

－

1,361,391-117

1,361,274-43,714-40,781-40,781－-40,781

Total comprehensive income

2,933-43,714-40,781

1,320,610-117

1,320,493

Acquisition of subsidiaries

－

－

－

－

2,949

2,949

Disposal of treasury shares－－-5,610-1,372－-1,372

Dividends－－－-567,505－-567,505

Share-based paymenttransactions－－

44,956

102,967－

102,967

Reclassification from othercomponents of equity toretained earnings－-171,121-171,121－－－

Total transactions with owners－-171,121-131,775-465,911

2,949-462,962-46,176-83,452

273,567

21,927,092

2,832

21,929,925

Balance as of January 1, 2019

ProfitOther comprehensive income

Balance as of June 30, 2019

- 9 -First Half, FY2020 (From January 1, 2020 to June 30, 2020)(Unit: Thousands of Yen)
Equity attributable to owners of parent
Other components of equity
Capital stock

Share premium

Treasury shares

Retained earnings

Shares withrestriction ontransfer

Warrants

7,147,905

7,199,403-3,456,820

11,928,868

537,744-14,000

Profit

－－－1,065,596－－

Other comprehensive income

－

－

－

－

－

－

Total comprehensive income

－

－

－

1,065,596－－

Disposal of treasury shares

－

1,969

10,744－-15,372－

Dividends－－－-568,279－－

Share-based paymenttransactions－

14,142

41,857－

113,439-28,000－

16,11252,601-568,279

98,068-28,000

7,147,905

7,215,515-3,404,219

12,426,185

635,812-42,000

Balance as of January 1, 2020

Total transactions with owners
Balance as of June 30, 2020

(Unit: Thousands of Yen)
Equity attributable to owners of parent
Other components of equity

Balance as of January 1, 2020
ProfitExchangedifferences ontranslation offoreign operations

Net change in fairvalue of financial
assets of equity
nature measured atfair value throughothercomprehensive
income-44,269-81,903397,573

23,216,929

2,697

23,219,626

－

－

－

1,065,596-940

1,064,656

Total

Total

Non-controllinginterests

Total equity-858-96,909-97,767-97,767－-97,767

Total comprehensive income-858-96,909-97,767

967,829-940

966,889

Disposal of treasury shares－－-15,372-2,659－-2,659Dividends－－－-568,279－-568,279

Share-based paymenttransactions－－

85,439141,439－

141,439

Other comprehensive income

Total transactions with owners
Balance as of June 30, 2020－－

70,068-429,499－-429,499-45,127-178,812

369,873

23,755,258

1,757

23,757,015- 10 -

(5) Summary consolidated statement of cash flow
(Unit: Thousands of Yen)First Half, FY2019(From January 1, 2019
to June 30, 2019)
Cash flows from operating activities
Profit before tax
Depreciation and amortization expense
Share-based payment expenses
Finance costs (income)Equity in loss (earnings) of affiliates
Decrease (increase) in operating and other receivables
Decrease (increase) in inventories
Increase (decrease) in operating and other payables
Decrease (increase) in prepaid expenses
Decrease (increase) in long-term prepaid expenses
Increase (decrease) in accrued expenses
Increase (decrease) in employees' bonuses payable
Increase (decrease) in contract liabilities
Increase (decrease) in consumption taxes payable
Other, net
SubtotalInterest received
Dividends received
Interest expenses paid
Income taxes refunded (paid)
Cash flows provided by (used in) operating activities
Cash flows from investing activities
Acquisition of property, plant, and equipment
Acquisition of intangible assets
Acquisition of investments
Proceeds from sales of investments
Purchase of investments in subsidiaries resulting inchange in scope of consolidation
Loan advances
Collection of loans receivable
Payments for lease and guarantee deposits
Proceeds from collection of lease and guarantee deposits
Other, net
Cash flows provided by (used in) investing activities
Cash flows from financing activities
Increase (decrease) in short-term loans payable
Repayments of long-term loans payable
Repayments of lease obligations
Cash dividends paid
Proceeds from sales of treasury shares
Commitment line related expenses
Cash flows provided by (used in) financing activities
Impact of exchange fluctuations for cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Balance of cash and cash equivalents at the end of the firsthalf- 11 -First Half, FY2020(From January 1, 2020
to June 30, 2020)

2,075,463
908,498
95,345-2,9057,231-740,341
81,804
91,773-19,965
4,108-168,023-133,747-271,733-73,775
36,4181,890,150
70
1,646-3,163-990,259
898,4431,614,430
1,029,260
141,439-3,661
17,043-171,524
42,201-482,463
10,44026,529-122,380-199,628-218,720
65,538-3,457
1,745,048
3,891
1,839
-5,068-645,503
1,100,207-28,807-1,652,392-1,048,346
745,500-12,579-1,233,383－－-64,215－-1,000644-15,717
4,754
20,800-2,038,779-51,100
771-1,097
1,706
11,406-1,284,277－-316,000-441,140-567,505
4,238-3,247-1,323,653

1,001,000－-454,185-568,279
1,500-3,231-23,195-9,992-294-2,473,981
5,626,723-207,560
3,033,768

3,152,742

2,826,208

(6) Notes regarding the summary consolidated financial statements(Notes on going concern assumption)
Not applicable.
(Segment information)
Since the Group has only a single business segment (IT services), the statement is omitted.

- 12 -