NOTE：This document was prepared by machine translation, and no manual modification has been made to the translated
contents. This document is to be used only as a reference, and in cases any differences occur between English version and theoriginal Japanese version, the Japanese version shall prevail.

Consolidated Financial Results for the First Quarter of the Fiscal Year Ending April 30, 2025
(Japanese GAAP)
September 13, 2024
Listed company
nameCode No.
Representative
Contact

FreeBit Co., Ltd.
3843
Title:
Title:

Listing: Tokyo Stock Exchange

URL https://freebit.com/
President, CEO and CTO
Director and General Manager ofGroup Corporate Planning Division

Name: Atsuki Ishida
Name: Ikuko WadaTEL 03-5459-0522

Start Date of Dividend Payout: Supplementary documents available
pertaining to financial results: Yes
Financial results briefing: Yes(Video streaming only)(all amounts rounded down to the nearest million yen)
Consolidated Financial Results for the First Quarter of the Fiscal Year Ending April 30, 2024 (from May 1, 2024 to July 31, 2024)(percentages shown represent year-on-year % change)(1) Consolidated Operating Results (Cumulative)
Quarterly income
Net sales
Operating income
Ordinary income
attributable to owners of
the parent
Millions ofMillions ofMillions ofMillions of
%
%
%
%
yen
yen
yen
yen
FY2025/04 first quarter
13,291
1,462
1,451
813
FY2024/04 first quarter
14,040
1,664
1,623
863
(N.B.)
Comprehensive
incomeFY2025/04 first quarter

Millions
1,040(-%)
of yenQuarterly net income pershare

FY2024/04 first quarter

Millions
1,181(-%)
of yenDiluted quarterly net
income per shareYen
Yen
FY2025/04 first quarter
40.75
40.31
FY2024/04 first quarter
43.26
42.80
(N.B.) Consolidated subsidiary GIGAPRIZE Co., Ltd. and its subsidiaries have changed the date of their fiscal year-end from March
31 to April 30. As the first quarter of the previous fiscal year was a transitional period for changing the date of their fiscal yearend, percentages representing year-on-year change for the first quarter of the fiscal year ending April 2024 and the first quarterof the fiscal year ending April 2025 have been omitted.
(2) Consolidated Financial Position
Total assets
FY2025/04 first quarter
FY2024/04

Millions of yen
36,322
38,183

Reference: Shareholders'
FY2025/04 first quarter
equityNet Assets
Millions of yen
15,54615,196
Millions
11,900of yenShareholders’ Equity
Ratio
%
32.8
30.5

FY2024/04

Millions
11,628of yen2. Dividends
First quarter period
end
Yen
-

Annual dividends
Second quarter Third quarter period
period end
end
Yen
Yen
0.00
-

FY2024/04
FY2025/04
FY2025/04 (forecast)
0.00(N.B.) Revisions during this quarter of dividends forecast for fiscal year: None

Year -end

-

Total

Yen
27.00

Yen
27.00

30.00

30.00

Forecast of Consolidated Financial Results for the Year Ending April 30,.2025 (May 1, 2024 to April 30, 2025)(percentages shown represent year-on-year % change)
Net income
Net income per
Net sales
Operating income
Ordinary income attributable to owners
shareof the parent
Millions
Millions
Millions
Millions
%
%
%
%
Yen
of yenof yenof yenof yenFull year
54,000
5,700
5,500
3,000
150.21(N.B.) Revisions during this quarter of previously disclosed consolidated business results projection for FY2024: None
Since we manage our operations on an annual basis, we have omitted the presentation of consolidated earnings forecasts for thesecond quarter (cumulative).
For details, please refer to Attachment P.5 “1. Overview of Operating Results and Financial Position (3) Consolidated Financial
Results Forecast and Other Forward-looking Information”. In the fiscal year ended April 30, 2024, consolidated subsidiary
GIGAPRIZE Co., Ltd. and its subsidiaries changed the date of their fiscal year-end from March 31 to April 30. As the fiscal
year ended April 2024, the comparative year, was a transitional period for changing the date of their fiscal year-end,
percentages representing year-on-year change has been omitted.
※ Notes(1) Significant changes in the scope of consolidation during the quarter under review: None
(2) Special accounting treatments used in preparation of the quarterly consolidated financial statements: None
(3) Changes in accounting policies and changes or restatement of accounting estimates① Changes in accounting policies due to revisions to accounting standards, etc.: None
② Changes in accounting policies other than ①: None
③ Changes in accounting estimates: None
④ Restatement of revisions: None

(4) Number of shares outstanding (common shares)① Number of shares outstanding at the end of
the period (including treasury stock)② Number of treasury stock at the end of theperiod③ Average number of shares outstanding
during the period (quarterly cumulative)

FY2025/04 1Q

23,414,000Shares FY2024/04

23,414,000Shares

FY2025/04 1Q

3,441,941Shares FY2024/04

3,441,941Shares

FY2025/04 1Q

19,972,059Shares FY2024/04 1Q

19,960,259Shares※ Review of the accompanying quarterly consolidated financial statements by a certified public accountant or an auditing firm: None
※ Explanations and other special notes concerning the appropriate use of business performance forecasts(Notes on forward-looking statements)
The earnings forecasts and other forward-looking statements herein are based on information currently available to theCompany and on certain assumptions deemed to be reasonable, and do not constitute guarantees by the Company of future
performance. Actual results may differ materially from the forecast depending on a range of factors. Please refer to Attachment
P.5 “1. Overview of Operating Results and Financial Position (3) Consolidated Financial Results Forecast and Other Forwardlooking Information”.
(Method of obtaining supplementary material on financial results and details of financial results briefing session)･ Supplementary materials will be disclosed on TDnet on the same day and will also be posted on our website.
･ The financial results briefing will be posted promptly on our website with the recorded videos.

○Table of Contents
1. Overview of Operating Results and Financial Position ･･････････････････････････････････････････････････････

2(1) Overview of Operating Results for the Current Quarter･･･････････････････････････････････････････････････

2(2) Overview of Financial Position for the Current Quarter ･･････････････････････････････････････････････････

5(3) Explanation of Consolidated Earnings Forecasts and Other Forecast Information ･･････････････････････････････

5

2. Quarterly Consolidated Financial Statements and Major Notes ･･･････････････････････････････････････････････

6(1) Quarterly Consolidated Balance Sheets･･･････････････････････････････････････････････････････････････

6(2) Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement of Comprehensive Income ･････

8(3) Notes to Quarterly Consolidated Financial Statements ･･･････････････････････････････････････････････････

10(Notes on Segment Information) ･･･････････････････････････････････････････････････････････････････

10(Notes on Significant Changes in the Amount of Shareholders' Equity) ･････････････････････････････････････

11(Notes on Going Concern Assumptions) ･････････････････････････････････････････････････････････････

11(Notes to Quarterly Consolidated Cash Flow Statements)････････････････････････････････････････････････

11

- 1 -

1. Overview of Operating Results and Financial Position(1) Overview of Operating Results for the Current Quarter
Forward-looking statements in the text are based on judgments as of the end of the current quarterly period.
The consolidated subsidiary GIGAPRIZE Co., Ltd. ("GIGAPRIZE") and its subsidiaries has changed the date of their fiscal
year-end from March 31 to April 30, which is the same as our consolidated fiscal year-end, from the previous first quarter. As aresult, the consolidated subsidiaries in the previous fiscal year has an irregular settlement of accounts for the 13-month period
from April 1, 2023 to April 30, 2024. In the first quarter of the previous fiscal year, the four-month period from April 1, 2023 toJuly 31, 2023 has been incorporated into the consolidated settlement.
The official names and explanations of the names used in [Overview of Operating Results for the Current Quarter] are as
follows.
Name in use

Official name

Explanation
Concept of the next-generation distributed Internet, which enables
users to exchange data and content directly with each other without
going through a huge platform former
A form of the Internet that allows users to share and distributecontent generated on the Internet through centralized platforms suchas SNSTechniques that use computers to study or conduct human
intellectual behavior
Reforming products, services, business models, etc. by utilizing data
and digital technologies
Abbreviation for 5th Generation Mobile Communications System,
which is one of the next generation communications standards

web3

web3

Web2.0Web2.0AI

Artificial Intelligence

DX

Digital Transformation

5G

5th Generation

MVNO

Mobile Virtual Network Operator

Virtual mobile operator

IoTInternet of Things

A system that enables automatic identification and automatedcontrol without human intervention by having a communication
function to communicate with each other.

MVNE

Mobile Virtual Network Enabler

MVNO support provider

The businesses of each reportable segment are as follows.
Reportable Segment
5G Infrastructure Support Business

5G Lifestyle Support Business

Main services･ Business support services for ISP･ Business support (MVNE) services for MVNO
･ Cloud services for corporate customers･ Mobile communications-related services for individuals･ Internet connection-related services for individuals･ Internet access services for apartment complexes･ Real estate-related services･ Web3 related platforms

Corporate and Creator 5G DX Support
Business･ Internet marketing-related services･ Ad-Tech Services･ Support platform for creators

Our group promotes corporate management with a view to the 10-year plan from 2021 to 2030. We have started the threeyear medium-term management plan [SiLK VISION 2027] that ends in the fiscal year ending April 2027 from the current
fiscal year. The theme of the Medium-Term Management Plan [SiLK VISION 2027] is to pursue [the location of
creditability], a requirement to resolve the social issues facing us on a global scale. Based on the belief that it is important tocreate a state of trust against the fact that the environment surrounding us is flooded with uncertain information, we will
work to realize this by utilizing our patented technologies, including web3.Through combining our accumulated know-how
in the telecommunications field with our proprietary Layer 1 blockchain technology, and gradually and complementarily
operating Web2.0 and web3 in a hybrid manner, we will transform ourselves into [a communications-born web3
implementing company] through [Trust] of a variety of goods, and aim to solve social issues. The consolidated performancetargets for the fiscal year ending April 2027, the final year of the medium-term management plan [SiLK VISION 2027], will
be net sales of 63 billion yen to 70 billion yen and operating income of 8 billion yen, and we will expand our business areawith the aim of using our entire group to expand beyond the telecommunications category.

- 2 -In the first quarter of the fiscal year under review, despite concerns about the impact of unstable international conditions
and price increases on the economy, investment in AI-related products and the acceleration of DX continued to grow and thedomestic IT market environment remained firm. In addition to the spread of 5G, a communications standard, new concepts
have emerged in Internet services, from the conventional Web 2.0 (centralized) to web3 (decentralized), and new businesses
are emerging from this concept.
In this environment, in the current consolidated fiscal year, the first year of the medium-term management plan [SiLK
VISION 2027] we will strategically utilize the operating cash flows created in existing businesses while responding toaccelerating technological and other changes, and implement capital allocation with the aim of enhancing corporate value
through continuous growth. As a result, we will promote business and human investments based on our growth strategy
while balancing investment and return, and expand our strategic business portfolio.
The operating results of each reportable segment are as follows.
From the first quarter of the current fiscal year, the classification of reportable segments has been partially changed. For
the same quarter comparison of the previous fiscal year, the figures for the same quarter of the previous fiscal year arecompared and analyzed by reclassifying the figures for the same quarter of the previous fiscal year into the new segmentclassification.
① 5G Infrastructure Support BusinessIn the fixed-line network, the use of many services via the Internet continues to increase due to an increase in online

video viewing at home and the use of rich contents and SNS, including games, along with changes in working styles andlifestyles, and the generalization of online-format conferences and learning associated with the spread of telework andhome-based learning. As a result, network costs remain on a high trend as the amount of line usage increases.
In the mobile network business, the provision of inexpensive plans by major mobile telecommunications carriers andthe deployment of these plans under sub-brands continue to affect the growth of proprietary MVNO service providers, but
we believe that the growth of the mobile market as a whole continues and will expand in the future, including the
expected increase in use for IoT and inbound tourists.
Against this backdrop, 5G Infrastructure Support Business recorded sales of 2,547,124 thousand yen (up 4.9% year onyear) and segment profit of 325,094 thousand yen (down 29.7% year on year), as a result of increases in one-time
expenses and personnel expenses due to network facility upgrades, despite solid growth in the size of MVNE's businesssupport services for MVNO.
② 5G Lifestyle Support BusinessAs explained in [5G Infrastructure Support Business] above, network costs are rising in the fixed-line network services

market, but the market for 5G Homestyle (Internet Services for Collective Housing) is expected to steadily grow in the
future as the high-speed broadband environment aimed at improving the asset value of buildings and occupancy rates isbeing standardized, and the use of telework, online learning, video content viewing, and other services has beenrecognized as normality. As a result, the market size of these services is expected to steadily grow in the future. In view ofthis business environment, in addition to Internet services for apartment buildings and services for detached houses, we
expanded the scope of our services, including security-related services such as crime prevention cameras, and further

expanded our earnings base.
In 5G Lifestyle (mobile communications services for individuals and Internet-related services), we are expanding thenumber of targeted smartphone models to 160 and promoting further increases in users in accordance with our [TONE IN]
strategy, which allows us to deploy the technologies and services cultivated in smartphone services [Tone Mobile]
utilizing the proprietary technologies offered by our group in smartphones and a wide range of devices other than ourown, and deploys them in other fields, including IoT.
In addition, in the web3-related platform business, which is an incubation area, on May 20, 2024, we concluded a basic
agreement on joint research and development with Fujita Gakuen, a school corporation that possesses the largest scale ofmedical big data in Japan, and began efforts to utilize web3 in the medical/healthcare area. This joint R&D will aim tobuild services incorporating the conceptual design of [Medical DX] and [Trusted Web Concept] based on [Medical DX
Reiwa Vision 2030] promoted by the Japanese government. We will establish data-management basic technologies that
ensure the reliability and safety of medical information, and contribute to solving the national issue of promoting thehealth of the people and improving the quality of medical services. In addition, we aim to build a system that can securely
and efficiently collaborate medical information among individual patients, hospitals, research institutions, the national
government, and local governments. Along with the view of [TONE IN] strategy for social implementation of 5G/web3,
we will broadly deploy the technologies and services we have cultivated in Tone Mobile in the medical field as well, and- 3 -promote the provision of cutting-edge technologies.
Against this backdrop, in 5G Lifestyle Support Business, net sales were 6,213,965 thousand yen and segment income
was 769,109 thousand yen, mainly as a result of steady performance in the number of units offered as services mainly in
5G Homestyle (Internet Services for Collective Housing). Consolidated subsidiary GIGAPRIZE and its subsidiaries havechanged the date of their fiscal year-end from March 31 to April 30 from the previous first quarter. As the first quarter ofthe previous fiscal year was a transitional period for changing the date of their fiscal year-end, percentages representing
year-on-year change has been omitted.
③ Corporate and Creator 5G DX Support BusinessIn the Internet marketing and ad technology services offered by consolidated subsidiary Full Speed Co., Ltd. and its

subsidiaries, demand for advertising continued to increase along with the acceleration of digital measures due to thediversification of society and work styles triggered by the COVID crash amid the ongoing digital shift of consumers.
Against this backdrop, demand for ad technology services in the affiliate business both domestically and overseas
remained strong, and we worked to operate our business efficiently by implementing cost-cutting measures.

In addition, the number of creator platforms [StandAlone] offered by services grew, which allows creators todisseminate information themselves without going through major platforms and maximize the value of such information.
This is intended to expand the formation of fan communities and creator economies in 5G/web3 era (economic zones inwhich creators make monetization through their own skills).
Against this backdrop, in the Corporate and Creator 5G DX Support Business, net sales were 5,161,859 thousand yen(up 10.6% year on year) and segment income was 373,414 thousand yen (up 87.7% year on year), due to solid
performance mainly in the Affiliate Business.
As a result of the above, net sales were 13,291,005 thousand yen, operating income was 1,462,871 thousand yen, ordinary
income was 1,451,325 thousand yen, and quarterly income attributable to owners of parent was 813,933 thousand yen.
Consolidated subsidiary GIGAPRIZE and its subsidiaries have changed the date of their fiscal year-end from March 31 toApril 30 from the previous first quarter. As the first quarter of the previous fiscal year was a transitional period for changing
the date of their fiscal year-end, percentages representing year-on-year change has been omitted.
(Reference 1)
Net sales based on a comparison of the previous first quarter and the current first quarter with the three-month period
excluding the impact of the change in the fiscal year-end of GIGAPRIZE and its subsidiaries(Thousands of yen)
(Reference)
FY2024/04 firstquarter

FY2025/04 firstquarter

5G Infrastructure Support Business

2,427,533

2,547,124

119,591

4.9

5G Lifestyle Support Business

5,868,896

6,213,965

345,068

5.9

Corporate and Creator 5G DX Support
Business

4,668,227

5,161,859

493,63110.6△656,024△631,943

24,080-982,372

8.0

Segment

Adjusted amountTotal

12,308,633

13,291,005

ChangePercentage
increase/decrease(N.B.) The figures for the first quarter of the fiscal year ending April 2024 are unaudited reference figures calculated for purposes ofcomparing net sales.
(Reference 2)
Operating income by comparing the previous first quarter of the three months before the change in the fiscal year-end of
GIGAPRIZE and its subsidiaries with the current first quarter of the(Thousands of yen)Segment
5G Infrastructure Support Business(Reference)
FY2024/04 firstquarter

FY2025/04 firstquarter

462,705

325,094- 4 -Change△137,611

Percentage
increase/decrease△29.7

5G Lifestyle Support Business

610,537

769,109

158,572

26.0

Corporate and Creator 5G DX Support
Business

198,947

373,414

174,467

87.7△5,381△5,438

-

690

△56

919

-

1,266,580

1,462,871

196,290

15.5

Other
Adjusted amount

△228

Total

(N.B.) For the first quarter of the year ending April 30, 2024, these figures are unaudited reference figures calculated for purposes ofcomparing operating income.
Net Sales and Segment Income (Loss) by Segment (Thousands of yen)Classification

Net sales

Segment income (△)

5G Infrastructure Support Business

2,547,124

325,094

5G Lifestyle Support Business

6,213,965

769,109

Corporate and Creator 5G DX Support Business

5,161,859

373,414-△5,438

Other
Adjusted amount△631,943

Total

13,291,005

690

1,462,871(2) Overview of Financial Position for the Current Quarter
Total assets at the end of the first quarter of the fiscal year under review were 36,322,468 thousand yen, a decrease of
1,861,121 thousand yen from the end of the previous fiscal year. This was mainly due to a decrease of 1,935,491 thousand yen
in cash and deposits.
Liabilities were 20,775,866 thousand yen, a decrease of 2,210,896 thousand yen from the end of the previous fiscal year.
This was mainly due to decreases of 258,551 thousand yen in current portion of long-term loans payable, 815,041 thousand
yen in income taxes payable, 100,414 thousand yen in provisions, and 899,887 thousand yen in long-term loans payable and106,531 thousand yen in lease obligations (non-current).
Net assets increased 349,775 thousand yen from the end of the previous fiscal year to 15,546,602 thousand yen due to anincrease in retained earnings, etc., and as a result, the equity ratio was 32.8%.
(3) Explanation of Consolidated Earnings Forecasts and Other Forecast Information
There is no change in the full-year forecast for the year ending April 2025 from the figure announced on June 14, 2024, as
the results for the first quarter of the fiscal year under review have generally remained in line with forecasts.

- 5 -2. Quarterly Consolidated Financial Statements and Major Notes(1) Quarterly Consolidated Balance Sheets

AssetsCurrent Assets
Cash and deposits
Negotiable instruments receivable, accounts
receivable, and contract assets
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Fixed Assets
Property, plant, and equipment
Intangible fixed assets
Goodwill
Software
Other
Total intangible assets
Investments and other assets
Increase in loss on valuation of investment
securities
Long-term loans receivable
Guarantee deposits
Other
Allowance for doubtful accounts
Investments and other assets
Total fixed assets
Total assets
Liabilities
Current liabilities
Negotiable instruments payable and accounts
payableShort-term Debt
Current portion of long-term debt
Accounts payable-other
Income tax payable
Allowance
Other
Total current liabilities
Long-term liabilities
Long-term Debt
Lease obligations
Reserve for retirement benefits for directors
Obligations for retirement pay
OtherTotal long-term liabilities
Total liabilities(Thousands of yen)First quarter of the current fiscal
Previous Consolidated Fiscal Yearyear
As of April 30, 2024
As of July 31, 2024

- 6 -18,722,373

16,786,882

8,506,073

8,655,313

83,453
195,266
1,982,762
2,381,374△53,727
31,817,576

161,853
243,856
1,949,386
2,217,319△54,274
29,960,336

3,037,524

3,035,042

2,406
248,223
334,503585,132

1,978
474,972
219,858
696,808

989,025

978,264

1,496,914
482,037
1,506,984△1,731,604
2,743,356
6,366,013
38,183,589

1,498,414
485,784
1,399,680△1,731,863
2,630,280
6,362,132
36,322,468

352,019

262,403

300,000
4,948,783
5,272,919
1,131,940
361,624
1,782,580
14,149,868

400,000
4,690,232
5,325,838
316,899
261,2101,701,984
12,958,567

7,629,384
708,750
60,527
66,206
372,025
8,836,893
22,986,762

6,729,497
602,219
60,527
68,866356,1887,817,299
20,775,866

Net assets
Shareholders' equity
Common stock
Capital Surplus
Retained earnings
Treasury stock
Total owners' equity
Accumulated other comprehensive income
Unrealized gain on available-for-sale securities
Foreign Currency Translation Adjustments
Total other accumulated comprehensive income
Stock purchase warrants
Stock acquisition rightNon-controlling shareholders' equity
Total net assets
Total liabilities and net assets(Thousands of yen)First quarter of the current fiscal
Previous Consolidated Fiscal Yearyear
As of April 30, 2024
As of July 31, 2024

- 7 -4,514,185
1,496,844
8,693,075△3,240,129
11,463,975

4,514,185
1,499,922
8,967,762△3,240,129
11,741,740

174,924△10,015
164,909
133,359780
3,433,802
15,196,827
38,183,589

169,440△11,143
158,296
145,647780
3,500,137
15,546,602
36,322,468

(2) Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement of Comprehensive Income(Quarterly Consolidated Income Statement)(First Quarter Consolidated Cumulative Year)(Thousands of yen)Previous first quarter consolidated First quarter of the current fiscal
cumulative period
year(May 1, 2023-July 31, 2023)(May 1, 2024-July 31, 2024)
Net sales
Cost of goods sold
Gross profit
Selling and general administrative expenses
Operating income
Non-operating income
Interest and dividend income
Equity in earnings of affiliates
Profit on currency exchange
Gain on sales of investment securities
Penalty income
Other
Total non-operating income
Non-operating expenses
Interest expense
Other
Total non-operating expenses
Ordinary income
Extraordinary losses
Loss on disposal of fixed assets
Total extraordinary loss
Quarterly income before income taxes and minority
interests
Income taxes
The Deferred Corporation Tax, etc.
Total income taxes
Quarterly net income
Quarterly net income attributable to non-controllinginterests
Quarterly income attributable to owners of the parent- 8 -14,040,063
9,915,733
4,124,329
2,459,641
1,664,687

13,291,005
9,341,751
3,949,253
2,486,381
1,462,871

472
2,078
7,550
7,562
3,067
20,731418
80
10,552
6,492
3,247
20,791

29,741
31,933
61,674
1,623,744

23,5898,747
32,337
1,451,325

2,023
2,023

-

1,621,720

1,451,325

385,981
55,287441,269
1,180,451

288,284
115,556
403,840
1,047,484

316,959

233,551

863,491

813,933

Quarterly Consolidated Statements of Comprehensive Income(First Quarter Consolidated Cumulative Year)(Thousands of yen)Previous first quarter consolidated First quarter of the current fiscal
cumulative period
year(May 1, 2023-July 31, 2023)(May 1, 2024-July 31, 2024)
Quarterly net income
Other comprehensive income
Unrealized gain on available-for-sale securities
Foreign Currency Translation Adjustments
Total other comprehensive income
Quarterly comprehensive income(Comprehensive income attributable to)
Quarterly comprehensive income attributable toowners of the parent
Quarterly comprehensive income attributable tononcontrolling interests- 9 -1,180,451

1,047,484

5,950△4,8041,145
1,181,596△5,483△1,128△6,612
1,040,872

864,637

807,320

316,959

233,551

(3) Notes to Quarterly Consolidated Financial Statements(Notes on Segment Information)
Ⅰ Previous first quarter (May 1, 2023, to July 31, 2023)
Information on net sales and income (loss) by reportable segment(Thousands of yen)
Reportable Segments
5G
Infrastructure
SupportBusiness

5G LifestyleSupport BusinessCorporate andCreator 5G DX
Support Business

Sales to customers

1,868,099

7,572,473

4,599,489-

14,040,063

Intersegment sales

559,433

27,852

68,737-656,024

Total

2,427,533

7,600,326

4,668,227-

14,696,087

Segment income (△)

462,705

1,008,644

198,947△5,381

1,664,916

Other(N.B.) 1

Total

Net sales(Thousands of yen)Amount recordedin the quarterly
Adjusted amountconsolidated(N.B.) 2
statement ofincome (N.B.)3
Net sales
Sales to customers-

14,040,063

Intersegment sales△656,024-

Total
Segment income (△)△656,024△228

14,040,063
1,664,687(N.B.) 1. [Others] is a business segment that is not included in the reportable segments, and includes the startup investment
development business.
2. △ adjustments to segment income (△) 228 thousand yen include reclassifications of allowance for doubtful accounts.
3. Segment income (△) is reconciled to operating income in the quarterly consolidated statements of income.

- 10 -Ⅱ First quarter of the current fiscal year (May 1, 2024-July 31, 2024)
1. Information on net sales and income (loss) by reportable segment(Thousands of yen)
Reportable Segments
5G
Infrastructure
SupportBusiness

5G LifestyleSupport BusinessCorporate andCreator 5G DX
Support Business

Sales to customers

2,019,861

6,184,531

5,086,612-

13,291,005

Intersegment sales

527,263

29,43375,246-

631,943

Total

2,547,124

6,213,965

5,161,859-

13,922,948

Segment income (△)

325,094

769,109373,414△5,4381,462,181

Other(N.B.) 1

Total

Net sales(Thousands of yen)Amount recordedin the quarterly
Adjusted amountconsolidated(N.B.) 2
statement ofincome (N.B.)3
Net sales
Sales to customers-

13,291,005

Intersegment sales

-

Total

△631,943

13,291,005

Segment income (△)

690

1,462,871△631,943(N.B.) 1. [Others] is a business segment that is not included in the reportable segments, and includes the startup investment
development business.
2. Adjustments to segment income (△) 690 thousand yen include the elimination of intersegment transactions.
3. Segment income (△) is reconciled to operating income in the quarterly consolidated statements of income.
2. Changes in reportable segments
From the first quarter of the fiscal year under review, the expenses for some basic research that had beenclassified as [5G Infrastructure Support Business], [5G Lifestyle Support Business] and [Corporate and Creator 5G
DX Support Business] have been reclassified as [5G Lifestyle Support Business] due to the social implementation
stage. Segment information for the first quarter of the previous fiscal year is prepared and disclosed based on theclassification for the first quarter of the fiscal year under review.
(Notes on Significant Changes in Shareholders' Equity)
Not applicable.
(Notes on the Going Concern Assumption)
Not applicable.
(Notes to Quarterly Consolidated Cash Flow Statement)
The quarterly consolidated cash flow statement for the first quarter of the current fiscal year is not prepared. Depreciation
related to the first quarter cumulative period (including amortization related to intangible assets excluding goodwill) andamortization of goodwill are as follows.

- 11 -

(Thousands of yen)Previous first quarter consolidated
cumulative period(May 1, 2023-July 31, 2023)
Depreciation
Amortization of goodwill- 12 -First quarter of the current fiscal year
(May 1, 2024-July 31, 2024)

197,228

162,4845,342

427