Information Meeting Materials
for the First Three Quarters of the Fiscal YearEnding March 31, 2020
February 6, 2020

© 2020 TIS Inc.

Fiscal 2020 First Three Quarters Financial Highlights
Fiscal 2020 Performance Forecast
Reference Materials© 2020 TIS Inc.

2

Fiscal 2020 First Three Quarters: Financial Highlights• Against a favorable business backdrop, sales and income were up over the corresponding period a year
ago, thanks to higher business volume and efforts to improve profitability.
[Millions of yen]

Net Sales

Operating Income

 YOY change: +¥16,048 million [+5.3%]

302,961

 YOY change: +¥5,080 million [+20.3%]

25,022First Three Quartersof Fiscal 2020

In sectors where IT investment is showing
renewed growth, we emphasized accurate
identification of client needs and wererewarded with higher sales, year-on-year.

© 2020 TIS Inc.

 YOY change: +¥3,456 million [+20.4%]

30,103319,0098.3%

First Three Quartersof Fiscal 2019

Net Income Attributable to
Owners of the Parent Company

20,436
16,979OperatingmarginFirst Three Quartersof Fiscal 2019

9.4%

First Three Quartersof Fiscal 2020

Increase in gross profit, reflecting higher net sales
starting point and enhanced profitability,
absorbed rising selling, general and administrative
expenses, primarily costs associated with stronger
response to restructuring. Operating income wasup year-on-year.

5.6%

Net income to
net sales ratio

First Three Quartersof Fiscal 2019

6.4%

First Three Quartersof Fiscal 2020

Up year on year, paralleling increase inoperating income.
Extraordinary income: ¥7,232 million(YOY change - ¥7,128 million)
Extraordinary loss: ¥7,196 million(YOY change - ¥6,051 million

3

Fiscal 2020 First Three Quarters:
Sales and Income for Key Segments-1[Millions of yen]

Service IT Business

BPO

Net Sales

Net Sales YOY change: +¥5,754 million [+6.8%]

89,901

84,146

 YOY change: -¥3,116 million [-11.2%]
27,736

24,619First Three Quarters First Three Quartersof Fiscal 2019of Fiscal 2020

First Three Quarters First Three Quartersof Fiscal 2019of Fiscal 2020

Operating Income

Operating Income

 YOY change: -¥146 million [-2.8%]

5,112

5,258

6.2%

Operatingmargin5.7%First Three Quarters First Three Quartersof Fiscal 2019of Fiscal 2020

Sales increased year on year, mainly due to expanded payment
settlement-related business. Operating income decreased year
on year, primarily due to higher prior investment to reinforce
business pursuits as well as revision in strategy to strengthen
platform business.
© 2020 TIS Inc.

 YOY change: +¥413 million [+30.5%]

1,767
1,354
4.9%

Operatingmargin7.2%

First Three Quarters First Three Quartersof Fiscal 2019of Fiscal 2020

Impact from sale of subsidiaries, undertaken in previous
fiscal year as part of effort to concentrate resources into
core operations, had big impact, leading to lower sales
but higher income.
*Segment sales include intersegment sales.

4Fiscal 2020 First Three Quarters:
Sales and Income for Key Segments-2[Millions of yen]

Financial IT BusinessIndustrial IT Business

Net Sales

Net Sales YOY change: +¥4,009 million [+5.1%]

81,963

77,953First Three Quarters First Three Quartersof Fiscal 2019of Fiscal 2020

Operating Income
 YOY change: +¥1,520 million [+16.9%]

144,506

133,470

First Three Quartersof Fiscal 2019

First Three Quartersof Fiscal 2020

Operating Income
 YOY change: +¥3,374 million [+36.6%]

12,601

10,510

8,989
11.5%

 YOY change: +¥11,036 million [+8.3%]

9,226
Operatingmargin12.8%
6.9%

Operatingmargin8.7%First Three Quarters First Three Quartersof Fiscal 2019of Fiscal 2020

First Three Quarters First Three Quartersof Fiscal 2019of Fiscal 2020

Despite impact from reactionary drop in demand for large systemdevelopment projects, segment recorded higher sales and income,mainly due to wider IT investment activity by core clients.

Higher sales and income year on year, largely the result of greater
IT investment activity among wide range of industries, includingcore clients in energy- and manufacturing-based industries.

Note: Paralleling a shift—from Industrial IT Business to Financial IT Business—in know-how used in services provided to specific clients, transactions with such clientswere booked under Industrial IT Business up to fiscal 2019 and Financial IT Business from fiscal 2020.

© 2020 TIS Inc.

*Segment sales include intersegment sales.

5Fiscal 2020 First Three Quarters:
Net Sales and Operating Income Analysis[Billions of yen]

Net Sales

319.00302.96
Service IT
BPO
Financial IT
＋5.75
-3.11
＋4.00
[84.1489.90] [27.73  24.61] [77.95  81.96]+16.04

Other
Inter-segment
-0.30
-1.33
Industrial IT[6.80  6.49] [-27.14  -28.47]+11.03[133.47  144.50]

First Three Quartersof Fiscal 2019[+5.3%]First Three Quartersof Fiscal 2020

Operating Income
25.02
Service IT-0.14[5.25  5.11]

First Three Quartersof Fiscal 2019

© 2020 TIS Inc.

BPO
＋0.41
[1.35  1.76]

Financial IT＋1.52[8.98  10.51]

Industrial IT＋3.37[9.22  12.60]

Other
-0.04
[0.71  0.67]

30.10Inter-segment-0.03[-0.52  -0.55]+5.08[+20.3%]First Three Quartersof Fiscal 2020

6

Fiscal 2020 First Three Quarters:
Operating Income Analysis, Increase/Decrease Reasons[Billions of yen]

YOY Change
30.10
25.02
Increased sales+3.80

Improved
Profitability+4.40

Increased SGA
expenses
-3.12

+5.08

[+20.3%]

Increased gross profit +8.20
Gross profit marginFirst Three Quarters of
Fiscal 2019

23.4

Actual%[YOY change +1.5 points]

First Three Quarters of
Fiscal 2020

Prior investment costs incurred in promoting structural transformation: Up ¥1.39 billion (YOY) Software investment to create new services
 Investment in human resources to fuel structural transformation
 Investment in R&D to acquire advanced technologies

Costs related toBrand-related costs incurred to ensure quick recognition in market: Up ¥80 million (YOY)© 2020 TIS Inc.

7

(Reference) Fiscal 2020 Third Quarter (October - December) :Sales and Income for Key Business Segments[Millions of yen]

Net Sales
99,931

102,7139,480+2,782[+2.8%]+1,523[+16.1%]

9.5%

3rd Quarter of
Fiscal 2019

Net Income Attributable to
Owners of the Parent Company

Operating Income

3rd Quarter of
Fiscal 2020

3rd Quarter of
Fiscal 2019

Operatingmargin11,003

6,287
6.3%

10.7%

7,169

+882
[+14.0%]

7.0%

Net income to
net sales ratio

3rd Quarter of
Fiscal 2019

3rd Quarter of
Fiscal 2020

3rd Quarter of
Fiscal 2020

Services IT Business

BPO

Financial IT BusinessIndustrial IT Business

Net Sales

Net Sales

Net Sales

Net Sales

30,03327,9909,476

3rd Quarter of
Fiscal 2020

Operating Income

2,654

1,861

6.7%

© 2020 TIS Inc.

773

+234
[+43.5%]
9.2%

8.8%

5.7%

3rd Quarter of
Fiscal 2020

3rd Quarter of
Fiscal 2019

Operatingmargin3rd Quarter of
Fiscal 2020

Operating Income
539

+792
[+42.6%]

3rd Quarter of
Fiscal 2019

3rd Quarter of
Fiscal 201926,50625,230

3rd Quarter of
Fiscal 2019

61,930

3rd Quarter of
Fiscal 2020

Operating Income
3,273

+310
[+9.5%]

3rd Quarter of
Fiscal 2019

3rd Quarter of
Fiscal 2020

営業利益

3,805
5,179

13.0% Operating 13.5%

4,088+282 4,800[+7.4%]（計画）

Operating
営業利益率
9.1%
8.7%
marginmargin3rd Quarter of
Fiscal 2019

+1,487（計画）[+3.4%]

Operating Income

3,584

Operatingmargin3rd Quarter of
Fiscal 2020

45,09263,00043,605+1,276[+5.1%]-1,079[-11.4%]+2,042[+7.3%]

3rd Quarter of
Fiscal 2019

8,397

3rd Quarter of
Fiscal 2020

3rd Quarter of
Fiscal 2019

3rd Quarter of
Fiscal 2020

*Segment sales include intersegment sales.

8

(Reference) Fiscal 2019 Third Quarter (October-December):Operating Income Analysis, Increase/Decrease Reasons[Billions of yen]

YOY Change
11.00
9.48

Increased sales+0.71

Improved
profitability+2.16

Increased SGA
expenses
-1.35

＋1.52
[+16.1%]

Increased gross profit +2.87
Gross profit margin25.3

Third Quarter of
Fiscal 2019

Actual%[YOY change +2.2 points]

Third Quarter of
Fiscal 2020

Prior investment costs incurred in promoting structural transformation: Up ¥0.39 billion (YOY) Software investment to create new services
 Investment in human resources to fuel structural transformation
 Investment in R&D to acquire advanced technologies

Costs related toBrand-related costs incurred to ensure quick recognition in market: Up ¥80 million (YOY)© 2020 TIS Inc.

9

Fiscal 2020 First Three Quarters: Sales by Client Sector[Millions of yen]

82,06673,81254,72053,741[+11.2%]32,877[-1.8%]

22,187

18,39921,584

17,411

20,103

14,071[+20.6%][+7.4%]

Banking

Insurance

Credit card

33,262

28,59428,337[-1.2%]First Three Quarters of Fiscal 2019
4.3%
7.7%
18.1%
24.4%

7.9%

Net Sales
Breakdown by
ClientSector

9.3%

Distribution

Service

Credit card
Banking

6.6%

4.6%

11.0%

[-10.8%]OthersFirst Three Quarters of Fiscal 2020
3.6%
7.5%
16.8%

Other finance

6.1%

Public institutions

11,639First Three Quarters of Fiscal 2020

Insurance

Financial sector: 35.4 % Industrial sector: 52.6 %Public sector: 7.7 %Other sectors: 4.3%
© 2020 TIS Inc.

[+2.9%][+4.2%]

Assembly-based Processing-based
manufacturing
manufacturing

First Three Quarters of Fiscal 201924,032

23,344

13,046[+0.9%][+23.7%]
Other finance

24,87423,862Assembly-based
manufacturing
Processing-based
manufacturing
Distribution

25.7%

ServicePublic institutions
Others

7.8%

Net Sales
Breakdown by
ClientSector

9.0%

7.0%
6.8%
5.5%
10.3%

Financial sector: 36.1 % Industrial sector: 52.8 %Public sector: 7.5 %Other sectors: 3.6 %10

Fiscal 2020 First Three Quarters:
Order Status (Software Development)• Orders received during the first three quarters and order backlog at the end of the third quarter were up
over the corresponding period a year ago and moving at a brisk pace. Results driven by Service IT
Business, particularly payment services.
[Millions of yen]Order received
during first three quarters

Order backlog
at end of first three quarters

 YOY change +¥7,766 million [+4.6%]

 YOY change +¥4,899 million [+6.8%]

175,008

167,241
34,883[+18.7%]41,419Services IT
Business

45,762[+4.4%]

47,797

Financial IT
Business

86,596[-0.9%]

85,791First Three Quartersof Fiscal 2019

Industrial IT
Business

First Three Quartersof Fiscal 2020

77,32872,428[+16.9%]17,669Services IT
Business

19,538[+17.8%]23,011

Financial IT
Business

37,780[-3.0%]

36,647

15,109First Three Quartersof Fiscal 2019

Industrial IT
Business

First Three Quartersof Fiscal 2020

Note: Paralleling a shift—from Industrial IT Business to Financial IT Business—in know-how used in services provided to specific clients, transactions with such clientswere booked under Industrial IT Business up to fiscal 2019 and Financial IT Business from fiscal 2020.

© 2020 TIS Inc.

* Percentage figures in columns indicate increase or decrease from the previous term.

11

Changes in Orders Received (Software Development)[Millions of yen]

125,810
104,569[+6.0%]

103,737[-4.6%]

106,996[+2.3%]

112,229[+8.2%]

112,488[+ 5.1%][+12.1%]

71,057[+12.0%]

119,450[+6.2%]

62,826[+1.8%]

53,437[+0.1%]

57,419[-6.8%]

54,949[+2.8%]

63,427[+10.5%]61,709[+12.3%]

51,133[+12.9%]46,318[-1.6%]

52,047[+1.8%]

48,802[+5.4%]

50,779[-2.4%]

54,753[+12.2%]

56,623[+11.5%]

1st Half

2nd Half

1st Half

2nd Half

1st Half

2nd Half

1st Half

Fiscal 2017

© 2020 TIS Inc.

Fiscal 2018

Fiscal 2019

Second quarter of first half

Fourth quarter of second halfFirst quarter of first half

Third quarter of second half

55,558[+1.5%]

2nd Half

Fiscal 2020

* Percentage figures in columns indicate increase or decrease from the previous term.

12Changes in Orders Received(Software Development, by Business Segment)
21,36823,523[+10.0%]23,990[+12.3%]

10,69911,914

11,900[+11.2%]

12,630[+6.0%]

10,6909,454

11,623[+8.7%]

11,360[+20.2%]

21,389Services IT
Business

39,59031,373Financial IT
Business

17,145
14,22824,013

20,810[+21.4%]

15,577

10,771[-24.3%]37,592[-5.0%]
23,411[-2.5%]
14,181[-9.0%]
64,226[+25.3%]

13,601[+14.3%]
14,340[+23.4%]

13,477[+18.6%]32,082[+1.6%]
19,092[-8.3%]
12,990[+20.6%]

15,714[+10.8%]59,425[+3.6%]

51,272

57,384[+5.8%]

27,10527,50029,000[+7.0%]

35,014[+27.3%]30,132[+3.9%]

27,12823,772

28,384[+4.6%]

29,212[+22.9%]29,293[+3.2%]

26,365[-9.7%]

2nd Half

1st Half

2nd Half

1st Half

2nd Half

54,233

Industrial IT
Business

31,581[+0.7%][Millions of yen]

27,941[+18.8%]

1st Half

Fiscal 2018

Fiscal 2019

Fiscal 2020

Second quarter of first half

Fourth quarter of second halfFirst quarter of first half

Third quarter of second half

Note: Paralleling a shift—from Industrial IT Business to Financial IT Business—in know-how used in services provided to specific clients, transactions with such clientswere booked under Industrial IT Business up to fiscal 2019 and Financial IT Business from fiscal 2020.

© 2020 TIS Inc.

* Percentage figures in columns indicate increase or decrease from the previous term.

13

Fiscal 2020 First Three Quarters Financial Highlights
Fiscal 2020 Performance Forecast
Reference Materials© 2020 TIS Inc.

14

Fiscal 2020: Performance Forecasts-1• Amid a brisk demand environment, vigorously invest in growth domains and forte fields to facilitate
structural transformation described in medium-term management plan. Offset reactionary drop in large
projects and absorb investment costs, in pursuit of higher sales and income.
 No change to targets since announcement on November 1, 2019.
[Millions of yen]

Net Sales YOY Change : +¥15,231 million [+3.6%]
420,769

436,000[Estimate] YOY Change : +¥3,957 million [+10.4%]

Fiscal 2020

Focusing on service IT and industrial IT
demand, strive to expand business throughaccurate responses to IT investment needs ofclients. Will absorb impact from sale ofsubsidiaries and expect high sales year onyear.
© 2020 TIS Inc.

 YOY Change : +¥2,766 million [+10.6%]

42,00038,043

9.0%

Fiscal 2019

Net Income Attributable to
Owners of the Parent Company

Operating Income

Fiscal 2019

[Estimate]

Operatingmargin9.6%

Fiscal 2020

Continued efforts to utilize high sales effectand improved productivity. Will absorb
higher cost burden on investments to fuelstructural transformation including shift toprior investment approach. Should see yearon-year increase in operating income.

28,80026,034

6.2%

Fiscal 2019

[Estimate]

Net income
to net sales
ratio

6.6%

Fiscal 2020

Increase in operating income and net
extraordinary income should deliver yearon-year improvement in income
attributable to owners of the parent
company.

15

Fiscal 2020: Performance Forecasts-2• ROE expected to reach 12.1%, exceeding medium-term management plan final-year target of 12% a year
ahead of schedule.
[Yen]

Net Income per Share YOY change: +¥35.24 [+11.4%]

343.07307.83[Estimate]

Fiscal 2019

Fiscal 2020

Anticipating year-on-year improvement, paralleling higher
net income attributable to owners of parent.
*Forecast for net income per share calculated by dividing anticipated
net income attributable to owners of parent by average number ofshares outstanding (excluding treasury stock) for the first threequarters of fiscal 2020, as of December 31, 2019.

© 2020 TIS Inc.

ROE YOY change: +0.6P

11.5%

Fiscal 2019

12.1%
[Current
calculations]Fiscal 2020

Upward revision to full-year performance targets is key
factor in expectation to achieve medium-term
management plan target of 12% a year ahead ofschedule.

16

Fiscal 2020: Sales and Income for Key Business Segments -1[Forecast][Millions of yen]

Service IT Business

BPO

Net Sales

Net Sales YOY change: +¥5,283 million [+4.5%]

 YOY change: -¥3,831 million [-10.6%]

122,900

117,617

36,231

32,400[Estimate][Estimate]

Fiscal 2019

Fiscal 2020

Fiscal 2019

Fiscal 2020

Operating Income

Operating Income

 YOY change: -¥619 million [-7.3%]

 YOY change: +¥257 million [+13.9%]

7,900

8,519

[Estimate]
7.2%
Fiscal 2019

Operatingmargin

6.4%
Fiscal 2020

Sales should increase year on year, as TIS INTEC Group meets IT
investment needs in growth fields, such as the cloud andnetworks, and steadily capitalizes on greater demand for
payment settlement and ERP services. Despite this, income may
decrease year on year, mainly due to the losses booked in thefirst half period.
© 2020 TIS Inc.

2,100

1,843

[Estimate]
Operatingmargin

5.1%
Fiscal 2019

6.5%
Fiscal 2020

Despite year-on-year drop in sales due to sale of subsidiaries,
operating income should rise, reflecting efforts to improve
profitability through restructuring based on thorough profit
management and a shift toward high-level, combined BPO
services.
*Segment sales include intersegment sales.

17Fiscal 2020: Sales and Income for Key Business Segments -2[Forecast][Millions of yen]

Financial IT BusinessIndustrial IT Business

Net Sales

Net Sales YOY change: +¥3,364 million [+3.2%]

 YOY change: +¥10,205 million [+5.4%]

109,800

106,436

Fiscal 2019

[Estimate]

189,595

199,800

Fiscal 2020

Fiscal 2019

Fiscal 2020

[Estimate]

Operating Income

Operating Income

 YOY change: +¥1,103 million [+8.6%]

 YOY change: +¥3,323 million [+22.5%]

13,90012,797

12.0%

Fiscal 2019

[Estimate]
Operatingmargin12.7%

Fiscal 2020

Despite reactionary drop in sales associated with large
projects, operating income should increase year on year,
reflecting efforts to strengthen ties to core clients, engage
in value-added services and improve productivity.

18,10014,777[Estimate]
Operatingmargin

7.8%
Fiscal 2019

9.1%

Fiscal 2020

Anticipating higher sales and income year on year
through high-value-added services underpinned byconsultations and enhanced upstream operations as wellas higher productivity.

Note: Paralleling a shift—from Industrial IT Business to Financial IT Business—in know-how used in services provided to specific clients, transactions with such clientswere booked under Industrial IT Business up to fiscal 2019 and Financial IT Business from fiscal 2020.

© 2020 TIS Inc.

*Segment sales include intersegment sales.

18

Fiscal 2020 : Net Sales and Operating Income Analysis [Forecast][Billions of yen]

YOY Change
42.00
38.04
Increased sales+3.64

Improved
profitability+4.07

Increased SGA
expenses
-3.76

＋3.95
[+10.4%]

Increased gross profit ＋7.71

Gross profit margin
Fiscal 2019

23.5

Actual%[YOY change +1.0 points]

Fiscal 2020

Anticipate prior investment costs for promoting structural transformation : Up ¥2.5 billion (YOY) Software investment to create new services
 Investment in human resources to fuel structural transformation
 Investment in R&D to acquire advanced technologies

Costs related to

Anticipate brand-related costs to ensure quick recognition in market: Up ¥500 million (YOY)© 2020 TIS Inc.

19

Stock Split and Partial Amendment to Articles of Incorporation• Management has decided to execute a 1-for-3 stock split with a record date of March 31, 2020, and topartially amend the Articles of Incorporation.

■Stock Split
Purpose:Summary

To increase the liquidity of the Company’s stock and expand the Company’s investor base bylowering stock price per investment unit
MethodSplit into three shares for every one share of ordinary stock

Number of shares
outstanding before split
Number of shares
outstanding after split

263,367,294 shares(Number of shares added through stock split: 175,578,196 shares)

Date of record

March 31, 2020 (planned)

Effective date

April 1, 2020 (planned)

87,789,098 shares■Partial Amendment to Articles of Incorporation
Reason:In conjunction with the stock split, TIS will adjust the total number of authorized shares describedin Article 5 of the Company’s Articles of Incorporation, effective April 1, 2020, in accordance withthe provisions of Article 184, Paragraph 2 of the Companies Act.

Content

Total number of authorizedshares before amendment
Total number of authorizedshares after amendment© 2020 TIS Inc.

280,000,000 shares
840,000,000 shares
20

Fiscal 2020 First Three Quarters Financial Highlights
Fiscal 2020 Performance Forecast
Reference Materials© 2020 TIS Inc.

21

Fiscal 2020 Second Half:
Sales and Income for Key Business Segments [Forecast][Millions of yen]

Net Sales

219,704

217,739

22,501[Estimate]+1,965[+0.9%]

10.3%
Second Halfof Fiscal 2019

Net Income Attributable to
Owners of the Parent Company

Operating Income

Second Halfof Fiscal 2020

Second Halfof Fiscal 2019

22,90015,342

15,534+399[+1.8%][Estimate]

Operatingmargin

10.4%

7.0%

7.1%

Second Halfof Fiscal 2020

Second Halfof Fiscal 2019

Second Halfof Fiscal 2020+192[+1.3%][Estimate]

Service IT Business

BPO

Financial IT BusinessIndustrial IT Business

Net Sales

Net Sales

Net Sales

Net Sales

63,033

61,461+1,572[+2.6%]

Second Halfof Fiscal 2019

Second Halfof Fiscal 2020

5,443

+320 [Estimate][+6.2%]
8.3%

OperatingmarginSecond Halfof Fiscal 2019

8.6%

Second Halfof Fiscal 2020

16,17954,34453,713[Estimate][Estimate][Estimate]

Operating Income
5,123

17,972-1,793[-10.0%]

Second Halfof Fiscal 2019

Operating Income

1,107

1,028
+79
[+7.7%]

5.7%[Estimate]

OperatingmarginSecond Halfof Fiscal 2019

61,930+631[+1.2%]

Second Halfof Fiscal 2020

6.8%

Second Halfof Fiscal 2020

Second Halfof Fiscal 2019

Second Halfof Fiscal 2020

Operating Income

6,975

7,082

[Estimate]

-107
13.2%
[-1.5%] 12.8%
OperatingmarginSecond Halfof Fiscal 2019

Second Halfof Fiscal 2020

100,387

99,731[Estimate]
63,000（計画）+656[+0.7%]

Second Halfof Fiscal 2019

Second Halfof Fiscal 2020

Operating Income

営業利益

9,588
4,800
[Estimate]

9,357
5,179

+231（計画）
9.4% [+2.5%] 9.6%
営業利益率
OperatingmarginSecond Halfof Fiscal 2019

Second Halfof Fiscal 2020

*Estimated amounts for the second half of Fiscal 2020 are calculated by subtracting the first half results from the annual estimates of Fiscal 2020.

© 2020 TIS Inc. *Segment sales include intersegment sales.

22

TIS INTEC Group Logo Underlying Concepts
The logo portrays the TIS INTEC Group as a tightly knit team, powered forward by the different sets of expertise that each member brings to the table. Itfeatures our two main corporate colors: “ocean blue” for the new challenges that we are constantly tackling, and “intelligent gray” for the solid technologicalfoundations that underpin our business.
Brand Message “Go Beyond”
The brand tagline, “Go Beyond,” embodies our constant quest into the beyond in search of new challenges. It represents our firm commitment as a group to
delivering solutions that are always one step ahead, not only solving clients’ problems but anticipating and meeting their own customers’ needs too.
Cautionary Statements• All statements described in these materials are based on information available to management regarding the TIS INTEC Group—that is, TIS and thesubsidiaries under its umbrella—as of the presentation date and certain assumptions deemed reasonable at this time. No intent is implied of promise by
the Company to achieve such forward-looking statements. Indeed, various factors may cause future results to be substantially different from theassumptions presented in these materials.
• Amounts for each three-month quarter are calculated by subtracting data for the respective period from the cumulative total.
• From the fiscal year ending March 31, 2019, Business segments were reclassified at TIS, paralleling changes in the management structure designed topromote the shift to a new business structure. For comparison purposes, figures for fiscal 2018 have been recalculated and are presented according to the
new segment breakdown