Notice: This document was prepared by machine translation, and no manualmodification 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 the original Japanese version, the Japanese version shall prevail.
Financial Results for the first quarter in this document are unaudited.

FY2024/04

Financial results for the Full-year
FreeBit Co., Ltd.
June 14, 2024

Agenda1. Consolidated Financial Results for the Fiscal Year Ended

･････

3

2. Financial Results by Segment for Fiscal Year Ended April

･････

15

3. Forecast of Consolidated Financial Results for the Year

･････

30

4. Appendix

･････

34

April 2024

2024

Ending April 2025

FreeBit Co., Ltd. All Rights Reserved.

2

1. Consolidated Financial Results for the Fiscal Year Ended April 2024

FreeBit Co., Ltd. All Rights Reserved.

3

Impact of change in fiscal year-end of consolidated subsidiaries(GIGAPRIZE and its subsidiaries) GIGAPRIZE Group (GPG) changed the date of its fiscal year-end from March 31 to April 30, the same as
our consolidated fiscal year-end.
As a result, the consolidated subsidiaries in the current fiscal year has an irregular settlement of accounts
for the 13-month period from April 1, 2023 to April 30, 2024.
 In this briefing material, the figures are presented in [Value including the impact of the change in thefiscal year-end] and [Value excluding the impact of the change in the fiscal year-end].

First
quarter

Period of consolidation
GPG(Previous fiscal year)
FY2023/04
FB(Current term)
FY2024/04(Next fiscal year)
FY2025/04-

Secondquarter

Third
quarter

Fourthquarter(Month)

4

5

6

7

8

9

10

11

12

1

2

3

5

6

7

8

9

10

11

12

1

2

3

4

5

6

7

8

9

10

11

12

1

2

3

4

FB

5

6

7

8

9

10

11

12

1

2

3

4

GPG

5

6

7

8

9

10

11

12

1

2

3

4

FB

5

6

7

8

9

10

11

12

1

2

3

4

GPG

FreeBit Co., Ltd. All Rights Reserved.

4

4

Upward revision of full-year consolidated earnings forecasts for the fiscal year
ending April 2024
Medium-Term Management Plan [SiLK VISION 2024] Performance Targets for the Final Year Revised Upward to¥50 billion in Net Sales, ¥5 billion in Operating Income, ¥53 billion in Net Sales and ¥5.85 billion in Operating
Income(Millions of yen)

Operating income

Net sales<Reason for revision> Expansion of support business for MVNOs
 Steady growth in the number of units offered for ISP services
for condominiums
 Acquisition of affiliate services customers

46,77150,00053,00053,000<Reason for revision>
 Increase in profit due to upwardrevision of sales
 Efficient implementation ofstrategic investments, etc.

<Reason for revision>
 Efficiency of user acquisition measures in
the Tone Mobile Business Approximately ¥200 million for strategic
investments such as the relocation of 5G
data centers will be carried forward to
April 2025 fiscal year end.

5,500

5,850

5,000
4,007

FY2023
ActualFY2024
Initialforecast

FY2024FY2024
December 8, 2023 April 23, 2024
Upward revision Upward revision

FY2023
ActualFY2024
Initialforecast

FY2024FY2024
December 8, 2023 April 23, 2024
Upward revision Upward revision 5

Summary of Consolidated Financial Results for the Fiscal Year Ended April 2024

(Millions of yen)F2023/04
Full year

FY2024/04 Full Year(including impact of change in fiscal
year-end)
Rate of
ActualChangechange(Reference) *1(Reference) FY2024/04 Full Year
(Excluding the impact of the change inthe fiscal year-end)*2
ActualChangeRate ofchangeActual

46,77153,037+6,266(+13.4%)51,306+4,534+9.7%

Actual

4,007

5,887

+1,880(+46.9%)5,489+1,482+37.0%

Base
profit*3

5,291

6,849

+1,558(+29.4%)

6,451+1,160+21.9%

Actual

3,707

5,756

+2,049(+55.3%)5,360+1,653+44.6%

Base
profit

4,991

6,718

+1,727(+34.6%)

6,323+1,331+26.7%

Profitattributableto owners ofparentActual

1,792

3,566

+1,773(+99.0%)3,408+1,616+90.2%Net income
per share

Actual95.07 yen

178.58 yen+83.51 yen

170 .70yen+75.63 yen

Net sales
OperatingincomeOrdinary
incomeFreeBit Co., Ltd. All Rights Reserved.

--※1 As stated in P.4, the rate of increase or decrease from the previous ﬁscal year is for reference only because of the impact of the change in the fiscal
year-end of the GPG.
※2 The exclusion of the eﬀect of the change in the ﬁscal year-end is an unaudited reference figure that excludes the effect of the change in the fiscal
year-end of the GPG.
※3 Base proﬁt is a business proﬁt ﬁgure excluding temporary investments and is an unaudited reference ﬁgure.

6

Topics for the Fiscal Year Ended April 2024

5G Infrastructure
Support BusinessNet sales

Operating income to net income
attributable to owners of the parent

Scale expansion in free-bit B2B2X(B/C) mobile services

Increase in sales revenue＋
Increase in net sales due to profit
improvement effects mainly in thelifestyle support business and thecorporate/creator 5G DX support
business

Results
Strong performance in all segments

Net sales

YoY+13.4 %

Excluding effect ofchange in fiscal
year-end*1+9.7 %

YoY+46.9 %

Due to growth in operating income

Compared tobase*2+29.4 %

Ordinary income
growthExcluding effect ofchange in fiscal
year-end+37.0 %

Base ratio+21.9 %

YoY

+99.0 %

Excluding effect ofchange in fiscal
year-end+90.2 %

Growth in operating
income5G LifestyleSupport BusinessCorporate andCreator 5G DX
Support Business

Steady increase in the numberof units offered by 5G
Homestyle, a GIGAPRIZE
business, in ISP services forcondominiums

Progress in acquiring newcustomers, including overseas
customers, in the Full Speed
Group's affiliate services

FreeBit Co., Ltd. All Rights Reserved.

OperatingincomeDue to growth in ordinary income

Net income attributableto owners of the parent
increased

Profitattributableto owners ofparent※1 Figures excluded from the impact of changes in the ﬁscal year-end are unaudited reference figures.
※2 Base comparison is the year-on-year comparison of base profit.

7

YoY Variance Analysis Net Sales
Sales increased 13.4% year on year, mainly in the Affiliate Business of the Corporate
and Creator 5G DX Support Business, due to solid performance in all segments.
(Excluding the impact of the change in the fiscal year-end: up 9.7%)

5G
Infrastructure
SupportBusiness
Increase insales

5G LifestyleSupportBusiness
Increase insales

Corporate andCreator 5G DX
Support Business
Increase in sales

Changes ininter-segment
transactions

51,306

GPG actual(1 month)

53,037 (Millions of yen)

46,771

FY2023/04
Full-year results
FreeBit Co., Ltd. All Rights Reserved.

※ Figures excluded from the impact of changes in thefiscal year-end are unaudited reference figures.

FY2024/04
Full-year results(excluding impact of change in fiscal
year-end)

FY2024/04
Full-year results(including impact of change infiscal year-end)

8

YoY Variance Analysis Operating Income
Strong performance in all segments, centered on the 5G Lifestyle Support Business, despite
implementing strategic investments, increased 46.9% YoY and 29.4% in base profit(Excluding the impact of the change in the fiscal year-end: Excluding base profit, up 21.9%)

Strategic
investment

5G
Infrastructure
SupportBusiness
Profit increase

5G
LifestyleSupportBusiness
Profitincrease+636

Corporate andCreator 5G DX
Support BusinessProfit increase+422

GPG actual(1month)Others

△26

6,451

6,849

Strategic
investment(Millions of yen)

962

5,887

5,291 +128

4,007

FY2023/04
Full-year results

FY2023/04
Base profit

FreeBit Co., Ltd. All Rights Reserved.

※ Base proﬁt and ﬁgures excluding the impact of
the change in the accounting period are unaudited
reference figures.

FY2024/04 Full Year
Base profit(excluding impact of change in fiscal
year-end)

FY2024/04 Full Year
Base profit(including impact of change
in fiscal year-end)

FY2024/04
Full-year results(including impact of change
in fiscal year-end)

9

Breakdown of Strategic Investments for the Years Ended April 2023 and April 2024
Continuously implement strategic investments, including acquiring [TONE] and [TONE Labo]users of the 5G Lifestyle Support Business and promoting the business in the Incubation Zone
5G Infrastructure Support Business(Millions of yen)

5G Lifestyle Support Business
5G DX Support Business for Companies and Creators

FY2024/04
Total of 960 million yen

FY2023/04
Total of 1,280 million yen

FY2024/04 Strategic
Investment Results
5G Infrastructure Support Business(¥301 million)･ Development of 5G data center･ Data collaboration projects, etc.

5G Lifestyle Support Business(¥524 million)･[TONE] Acquisition of [TONE Labor] users(downward trend due to control ofacquisition costs while continuing to
execute from the previous fiscal year)

562
118

･TONE Opening measures

245

241

235

150

122

143

60

72

77

FY2023/04
1Q

FY2023/04
2Q

FY2023/04
3Q

30

39

24

FreeBit Co., Ltd. All Rights Reserved.

213

214

125

145

90

74

FY2023/04
4Q

FY2024/04
1Q

353

12

11

270
54

264
56

132

120

57

82

86

FY2024/04
2Q

FY2024/04
3Q

FY2024/04
4Q･ Develop and test the 5G Healthstyle area
[TONE Care]･ Development/testing related to web3
(Blockchain) [LIVING TOWN Minato
Mirai] Project-related expenses, etc.

Corporate and Creator 5G DX Support
Business (¥136 million)･ Multi-faceted Expansion of Creator Maker
Domain [StandAlone]

10

YoY Variance Analysis Ordinary Income
Due to favorable base profit, actual results increased 55.3% YoY and base profit increased
34.6% (Excluding the impact of the change in the fiscal year-end: Base profit increased 26.7%)(Millions of yen)

Increase inoperatingincome+1,160Strategic
investment

TOB-related
expenses intheprevious
fiscal year

+95

Gain on salesof investment
securities+13

OthersGPG actual(1month)+64 6,323+395 6,718

Strategic

investment

962

5,756

1,284 4,991

3,707

FY2023/04
Full-year results

FY2023/04
Base profit

FreeBit Co., Ltd. All Rights Reserved.

FY2024/04 Full Year
Base profit※ Base proﬁt and ﬁgures excluding the impact of
the change in the fiscal year-end are unaudited
reference figures.

FY2024/04 Full Year
Base profit(excluding impact of change in fiscal (including impact of change infiscal year-end)year-end)

FY2024/04
Full-year results(including impact of change infiscal year-end)

11

YoY Variance Analysis Net Income Attributable to Owners of Parent
Results increased 99.0% year on year (Excluding the impact of the change in the fiscal year end: 90.2%)
There were temporary factors due to gains on sales of investment securities and shares of subsidiaries
and associates and the recording of deferred tax assets.
Increase inordinary income+1,653Gain on sales ofinvestment securities andshares of subsidiaries
and associates+259(Millions of yen)

Increase intax expenses△289

Others△7

GPG actual(1month)

3,408

+157

3,566

1,792

FY2023/04
Full-year results
FreeBit Co., Ltd. All Rights Reserved.

※ Figures excluded from the impact of changes in thefiscal year-end are unaudited reference figures.

FY2024/04
Full-year results(excluding impact of change infiscal year-end)

FY2024/04
Full-year results(including impact of change in fiscal
12
year-end)Summary of Consolidated Financial Results Comparison
Shareholders' equity ratio increased to 30.5% due to an increase in retained
earnings resulting from solid performance and a reduction in interest-bearing debt.
(Millions of yen)

Current
assetsLiabilities

30,64024,894

Cash anddeposits
18,305Interestbearing debt
15,991

Net assets

11,032

Fixed assets
5,286

Shareholders'equity8,242

End of FY2023/04

FreeBit Co., Ltd. All Rights Reserved.

Current
assets31,817
Cash anddeposits
18,722

Liabilities
22,986
Interestbearing debt
14,144

Net assets

15,196Equity ratio

22.9%

Fixed assets
6,366

Shareholders'equity11,628End of FY2024/04

Equity ratio

30.5%

13

Net Sales and Operating Income per Employee
Net sales and operating income (base profit) per employee increased fromthe previous fiscal year.
(Thousands of yen)

SiLK VISION
2013
60,000SiLK VISION2020

SiLK VISION
2016

FY2021/04

SiLK VISION
2024
10,000Net sales per capita
Operating income per capita

40,0005,000
20,0000FY2011/04

FY2012/04

FY2013/04

FreeBit Co., Ltd. All Rights Reserved.

FY2014/04

FY2015/04

FY2016/04

FY2017/04

FY2018/04

FY2019/04

FY2020/04

FY2021/04

FY2022/04

FY2023/04

FY2024/04(Adjustment (Base profit*2) (Base profit)
value*1)(Base profit)※1 The supplementary ﬁgures are unaudited reference ﬁgures that exclude the eﬀects of accounting standards for revenue recognition,
off-balance sheet operations, strategic investments and changes in the DTI fiscal year-end.
※2 Base proﬁts are unaudited reference ﬁgures.

014

2. Financial Results by Segment for Fiscal Year Ended April 2024

FreeBit Co., Ltd. All Rights Reserved.

15

Composition by Segment
Higher sales and profits in all segments : 5G Infrastructure Support Business, 5G
Lifestyle Support Business, and Corporate and Creator 5G DX Support Business
5G Infrastructure
Support BusinessCorporate and Creator
5G DX Support Business17.8%

Net sales

Segment income (loss)

5G Infrastructure Support Business

34.5%

Actual 9,932 million yen
YoY +4.7%

Actual 1,506 million yen
YoY +9.3% (vs. Actual) /+7.6% (vs. Base)

5G Lifestyle Support BusinessNet sales
53.037

Actual 26,612 million yen
YoY +14.4%

Actual 3,319 million yen
YoY +62.8% (vs. Actual) /+36.8% (vs. Base)Corporate and Creator 5G DX Support Businessbillion yen

Actual 19,278 million yen
YoY +14.4%

Actual 1,104 million yen
YoY +82.7% (vs. Actual) /+51.6% (vs. Base)

5G Lifestyle Support Business
47.7%

FreeBit Co., Ltd. All Rights Reserved.

16

[Performance Progress] 5G Infrastructure Support Project (Mobile Revolution Area)
SiLK VISION 2020

SiLK VISION 2024

SiLK VISION 2027

SiLK VISION 2030

Corporate and Creator 5G DX
Support Business

Creator Maker (StandAlone)
Bizmodel Maker (4.0)
5G Lifestyle Support Business
5G Workstyle / 5G Healthstyle/
5G Carlifestyle (MaaS)

5G Lifestyle Support Business
5G Lifestyle(TONE/DTI)
5G Homestyle

Performance zone
• Infrastructure Tech Business(freebit, DTI)
• Ad-Tech Business (FullSpeed)
Ltd.Tech
All Rights
Reserved.
•FreeBit
Real Co.,
EstateBusiness(GIGA PRIZE)• 5G Infra Platform(MVNEs, fixed network, cloud, etc.)• 5G Homestyle (condominium Internet)• Internet marketing• Affiliate• Maker's Maker

5G Infrastructure Support
Business
Most existing businesses shifted toperformance zones
Continued growth while
incorporating changes when needed, such as 5G and eSIM responses

17

5G Infrastructure Support Business Performance Progress

4,000

B2B2X(B/C) Profit increased by 7.6% year-on-year (compared to the base) due to anincrease in the use of B2B2X (B/C) mobile services, despite a decrease in the use of fixed
network services and an increase in personnel expenses.
Segment income/loss YoY variance analysis

Net Sales and Segment Income (Loss)(Millions of yen)+471 B2B2X(B/C) Mobile: Increase in profit due to increased use of

Net Sales (results)
Segment income (actual)
Segment income (base profit)※

3,000
2,404 2,376 2,380 2,427
2,328

2,000

2,496 2,500 2,507

500
468

438

427

393

(Millions of yen)services△78 B2B2X(B/C) Fixed network: Decrease in profit due to decreasein use of services△180 Increase in personnel expenses due to strengthening of humanresources
Breakdown ・Development of 5G data centers△85 Others
・Data collaboration projects, etc.
Strategic

investment

435

△78

△180

△85

Strategic
investment
301

1,506

340

1,000
217
164

0

１Q

２Q

３Q

４Q

FreeBit Co., Ltd. All Rights Reserved.

１Q

２Q

３Q

４Q

0

FY2023/04
Full-year results※ Base proﬁts are unaudited reference ﬁgures.

FY2023/04
Base profit

FY2024/04
FY2024/04 Full Year
Base profit
Full-year results

18

5G Infrastructure Support Business Performance Progress

MVNO support service, a service that packages lines, network infrastructure,various management tools, user support, logistics systems, SIM issuancecenters, etc., and provides MVNO operators with their own branded mobile
communications services to end users under their own plans

A portable fixed IP address service that can be taken around, without
relying on [contracted provider/communication environment],
enabling access to internal servers easily with high security from theoutside using the fixed IP address.

■ Sales SIM Composition■ Trends in Number of IP Offered

Contribute to sales by increasing the number of sales of[Data + SMS + Voice] with higher added value

Acquired more than 300 subscribers from services in
September 2023 and steadily increased the number ofsubscribers

Data+SMS+Voice

Data+SMS

Data

Changes in the number of IP

100%

46.8%

80%

54.6%

Up
228%

60%

53.2%

40%

45.4%

Data/SMS/Voice

49.3%

Data/SMS/Voice

20%
32.9%

Up 515%0%
FY2022/04 FY2022/04 FY2022/04 FY2022/04 FY2023/04 FY2023/04 FY2023/04 FY2023/04 FY2024/04 FY2024/04 FY2024/04 FY2024/04
1Q

2Q

3Q

4Q

1Q

FreeBit Co., Ltd. All Rights Reserved.

2Q

3Q

4Q

1Q

2Q

3Q

4Q

FY2024/04

FY2024/04

FY2024/04

2Q

3Q

4Q

19

[Performance Progress] 5G Lifestyle Support Business (Lifestyle Revolution Area)
SiLK VISION 2020

SiLK VISION 2024

SiLK VISION 2027

SiLK VISION 2030

Corporate and Creator 5G DX
Support Business

Creator Maker (StandAlone)
Bizmodel Maker (4.0)
5G Lifestyle Support Business
5G Workstyle / 5G Healthstyle/
5G Carlifestyle (MaaS)

5G Lifestyle Support Business
5G Lifestyle(TONE/DTI)
5G Homestyle

Performance zone
• Infrastructure Tech Business(freebit, DTI)
• Ad-Tech Business (FullSpeed)
Ltd.Tech
All Rights
Reserved.
•FreeBit
Real Co.,
EstateBusiness(GIGA PRIZE)• 5G Infra Platform(MVNEs, fixed network, cloud, etc.)• 5G Homestyle (condominium Internet)• Internet marketing• Affiliate• Maker's Maker

5G Infrastructure Support
Business
Most existing businesses shifted toperformance zones
Continued growth while
incorporating changes when needed, such as 5G and eSIM responses

20

5G Lifestyle Support Business Performance Progress
Profit increased 36.8% year on year due to steady growth in 5G Homestyle and improved
profit in the TONE business (compared to the base) (Excluding the impact of the change inthe fiscal year-end: 22.7% increase compared to the base)
Segment income/loss YoY variance analysis
Net Sales and Segment Income (Loss)
Net Sales (results)
Segment income (actual/including impact of change in fiscal year-end)

10,000(Millions of yen)Segment income (results/exclusion of effects of change in fiscal year-end)※

2,000

Segment income/loss (base profit/including impact of change in fiscal year-end)※
Segment Profit (base profit / excluding Impact of change in fiscal year-end)※

7,600

7,500
6,497
5,477

5,679

GPG actual(1month)

6,708
6,054

5,606

5,000

GPG actual（1month)

6,249

1,034
832
711

2,500

602 555

・Develop and test the 5G Healthstyle area [TONE Care]・Develop and test web3 (Blockchain) relations
・ [LIVING TOWN Minato Mirai] Project-related expenses

1,500

1,000

740

(Millions of yen)+532 Increase in profit due to increased sales of 5G Homestyle (GPG)△165 Decrease in profit due to decrease in use of 5G Lifestyle (DTI) fixed
network services+274 Improved profit in the TONE business (decrease in one-time expenses forthe launch of new handsets in the previous fiscal year and reduction in
store development expenses)△4 Others Breakdown ・[TONE] [TONE Labo] Acquisition of users / TONE Opening measures

Strategic+532 △165
investment
769 2,809+398△4 3,446

Strategic
investment

524

3,319

2,039
500

377

0

FY2023/04
Full-year results

504

377

0

１Q

２Q

３Q

４Q

FreeBit Co., Ltd. All Rights Reserved.

１Q

２Q

３Q

４Q

FY2023/04
Base profit※ Base proﬁt and ﬁgures excluding the impact of the change
in the fiscal year-end are unaudited reference figures.

FY2024/04
Full Year
Base profit(excluding impact ofchange in fiscal year-end)

FY2024/04
Full Year
Base profit

FY204/04
Full-year
results(including impact of (including impact ofchange in fiscal
change in fiscal
year-end)
year-end)21

5G Lifestyle Support Business Performance Progress
The number of provided units for ISP services in apartment buildings, an important
indicator of 5G Homestyle (GPG), increased by 157,000 units from the end of the previous
fiscal year to a total of 1,209,000 units, showing steady growth.
Fiscal year ended April 2024
Full-year results (13 months)(Unit: million units)

120.9

105.1

Number of provided
units increased+157,000

90.0

units

74.5
56.4

End of
FY2020/03

End of
FY2021/03

End of
FY2022/03

End of
FY2023/03

End of
FY2024/04

22

5G Lifestyle Support Business Topics
Supporting lifestyles in the 5G/web3 era by developing new products, expanding
horizontally into existing markets and developing new markets using our expertisein ISP services for apartment homes

Strategic Image of the 5G Homestyle Domain

Horizontal
expansion into
existing markets

ISP services forcondominiums

New productdevelopment

To develop newmarkets

Cloud cameras forcondominiums

IoT services

Public facilities

Smart PolePWINS with Wi-Fi6

High-location maintenancewith drones

Detached house market

5G
HomestyleRealizingnewlifestyles
and housing

Smart Town

23

5G Lifestyle Support Business Topics
Providing a variety of solutions centered on ISP services for condominiums,
contributing to the improvement of property value and the realization of
comfortable and affluent lifestyles
High-value-added rental housing that enriches
people's lives, developed jointly with Daito Trust
Construction Co., Ltd., is completed in Nerima
Ward.
This housing is a three-story wooden rental house using Daito
Trust Construction Co., Ltd.'s proprietary CLT method, which
introduces GIGAPRIZEʼs various solutions services, such as
Internet connection services with a maximum communication
speed of 10Gbps* and cloud-based security cameras (floor
plan: comprised of eight 1K-type houses for single customers).

GIGAPRIZE will continue to develop andimprove solution services tailored to issues
and needs, and will contribute to enhancing
property value and realizing a comfortable
and affluent lifestyle

Two future-ready Internet
access services

Smart Pole

Cloud-based security cameras※ The maximum communication speed is the maximum value based on thetechnical standards and does not indicate the actual usage speed.
The speed of Internet usage may decline depending on the usage environment,
congestion status of lines, etc.

24

5G Lifestyle Support Business Topics
Contributing to Enhancing the Convenience and Satisfaction of Tenants through Cooperation
with Partner Companies
Continue to create new services that generate competitive advantages
GIGAPRIZE, entered into a business alliance withTerra Charge CORPORATION, which operates EVcharging infrastructures••

GIGAPRIZE began a business alliance with Terra Charge,
which operates the EV-charging infrastructure business[Terra Charge]

Charging Infrastructure [Terra Charge]

Under this business alliance, Terra Charge will propose acharging infrastructure [Terra Charge] to the managementcompanies and owners of apartment houses with parking
lots. Leading to escalation of property value and expanding
the EV charging infrastructure of apartment houses by
providing everything from installation to maintenancesupport. This will contribute to improving the convenienceand satisfaction of tenants who own EVʼs.

Going forward, we will continue to create newservices that create competitive advantages
through collaboration with partner companies,
aiming to achieve sustainable growth andincrease corporate value

25

5G Lifestyle Support Business Topics
By vertically integrating the 5G xweb3xAIxIoT's technologies, we will begin examining boththe experiential and research-oriented aspects of housing, work and mobility, and promote"social implementation."
5G/web3 "Social Implementation" Experiment [LIVE!] to start in FY2025
Q1 at multi-purpose facility, [LIVINGTOWN Minato Mirai] "a facility thathelps people enhance their lives" with the participation of FreeBit Group,
Alps Alpine, Inc. and NEC Networks & System Integration
Technical collaboration between FreeBit Group, Alps Alpine,
Inc. and NEC Networks & System Integration, Inc.
Verification of a hands-on experience model that allows people toexperience smart homes and smart towns in the fields of housing,work, and mobility by constructing a 5G SA environment andinstalling IoT equipment, etc. within [LIVE! LIVINGTOWN] complex

5G SA environment in [LIVINGTOWN Minatomirai]
We will also provide institutions and businesses that wish to conduct
demonstration tests for other businesses, etc., and provide secureand stable 5G/web3 solutions that address issues and needs in acomprehensive and wide range of fields.

Roles of each institution･ Overall coordination of [LIVE!]･ Technological development of 5G and other nextgeneration communications･ Provision of web3 techniques such as Ethereum (EVM)
compatible layered 1 blockchain [TONE Chain] operating
on smartphones and [freebit Edge LLM] operating on
smartphones･ Provision of device and sensor technologies with diverse
freedom to install. Technologies with high environmental
resistance, high robustness, and quietness cultivated in
automotive applications･ Provision of proprietary CPE enabling the provision of a
Wi-Fi environment upstream of Local 5G･ [LIVINGTOWN Minato Mirai] provides a venue forverifying and experiencing the realization of smart homes
and smart towns･ Building a Local 5G Environment

26

[Performance Progress] Corporate and Creator 5G DX Support Business (Production Revolution Area)
SiLK VISION 2020

SiLK VISION 2024

SiLK VISION 2027

SiLK VISION 2030

Corporate and Creator 5G DX
Support Business

Creator Maker (StandAlone)
Bizmodel Maker (4.0)
5G Lifestyle Support Business
5G Workstyle / 5G Healthstyle/
5G Carlifestyle (MaaS)

5G Lifestyle Support Business
5G Lifestyle(TONE/DTI)
5G Homestyle

Performance zone
• Infrastructure Tech Business(freebit, DTI)
• Ad-Tech Business (FullSpeed)
Ltd.Tech
All Rights
Reserved.
•FreeBit
Real Co.,
EstateBusiness(GIGA PRIZE)• 5G Infra Platform(MVNEs, fixed network, cloud, etc.)• 5G Homestyle (condominium Internet)• Internet marketing• Affiliate• Maker's Maker

5G Infrastructure Support
Business
Most existing businesses shifted toperformance zones
Continued growth while
incorporating changes when needed, such as 5G and eSIM responses

27Corporate and Creator 5G DX Support Business Performance Progress
Profit increased by 51.6% year-on-year (compared to the base), due to steady sales mainlyin the affiliate business and the success of various profit efficiencies , etc.
Segment income/loss YoY variance analysis

Net Sales and Segment Income (Loss)+180 Increase gross profit in the Affiliate Business by

Net Sales (results)(Millions of yen)Segment income (actual)
Segment income (base profit)※

5,000
4,039 4,036

4,339

4,668
4,434

5,130
4,855
4,623

400

338

strengthening focus genres and acquiring new customers,
including overseas customers+159 Increase gross profit by reducing cost of sales ratio throughoptimization of resources within the Group+67 Profit increase due to improved advertising efficiency+16 Others
Breakdown・ [StandAlone] Multifaceted
development of platforms

337

Strategic
investment

2,500
226
197

+159

Strategic
investment+16 1,240

136

213

200

231

(Millions of yen)

159
122

96

0

１Q

２Q

３Q

４Q

１Q

２Q

３Q

４Q

0

FY2023/04
Full-year results

FreeBit Co., Ltd. All Rights Reserved. ※ Base proﬁts are unaudited reference ﬁgures.

FY2023/04
Base profit

FY2024/04
Full Year
Base profit

FY2024/04
Full-year
results

28

Corporate and Creator 5G DX Support Business Topics

Progress in the development of services for new artists in StandAlone
Aiming to expand the formation of a fan community in the 5G/web 3 era■ List of StandAlone under development

Kentaro Sakaguchi
info.sFreeBit Co., Ltd. All Rights Reserved.

Eiji Akaso
EAWD

Maika Yamamoto
MK.ZeRo(scheduled for release)Play.Goose
P.G@STAND ALONE

Airu Kubozuka
AiRu

Takato Nagata
NAGATOWN

Hikari Kabashima
Hikari-dayori

Kenichi Ikezoe
TEAM KEN.1

Ryusei Sakai
RS Jockey Room29

3. Forecast of Consolidated Financial Results
for the Year Ending April 2025

FreeBit Co., Ltd. All Rights Reserved.

30

Forecast of Consolidated Financial Results for the Year Ending April 2025

Second Part of the 10-year plan from 2021 to 2030 is[SiLK VISION 2027] aiming for further growth.
70,000Net sales(Millions of yen)

Operating income

9,000

50,0008,000

Excluding effect ofchange in fiscal
year-end

60,00052,00940,00051,306
43,0757,000

54,00046,771

6,000

5,489

30,000

5,700

5,000

4,000

20,000

4,007
10,000

3,403

3,000

3,165

2,000

0

FY2021/04

Transformation Term
FreeBit Co., Ltd. All Rights Reserved.

FY2022/04

FY2023/04

FY2024/04

SiLK VISION 2024

FY2025/04

FY2026/04

FY2027/04

SiLK VISION 2027
31

Forecast of Consolidated Financial Results for the Year Ending April 2025
FY2024/04(Millions of yen)

ActualFY2024/04
Actual (a)FY2025/04(Including impact ofchange in fiscal yearend)(Excluding the impact of
the change in the fiscal
year-end)

Earnings forecast

Net sales

53,03751,30654,000(+5.3%)

Operating income

5,887

5,489

5,700

(+3.8%)

Ordinary income

5,756

5,360

5,500

(+2.6%)

Profit attributable toowners of parent

3,566

3,408

3,000

(△12.0%)(b)

Rate of change(b÷a-1)･ Gain on sales of investment securities and shares of subsidiaries and associates･ Recognition of deferred tax assets
Includes temporary factors totaling ¥450 million (approximate value) In the fiscal year ending April 2025, the first year of the medium-term management plan [SiLK VISION 2027], we will
promote the "social implementation" of our business in the 5G/web3 domain of the transformation zone and the
incubation zone, while continuously growing the performance zone.
 Enhance the competitive advantage of the Group as a whole by enhancing the strategic portfolio through M&A andbusiness alliances to respond to rapid changes in technology, while making investments (such as data center relocations
and upgrades of mobile network facilities) aimed at continuous growth and strengthening of the foundations for growth
FreeBit Co., Ltd. All Rights Reserved.

32

Disclaimer
Forward-looking statements in this document, including our forecasts, forecasts, targets,plans and strategies, are based on information that we believe to be reasonable at the timeof preparation of this document. Actual results may differ materially from these forecasts
and targets due to various factors. These materials are explanatory materials for ourbusiness strategy and are not prepared for the purpose of soliciting investment.

<Inquiries regarding IR and thismaterial>
FreeBit Co., Ltd.
In charge of Investor Relations,Group Corporate Planning Division
Email freebit-ir@freebit.net
WEB https://freebit.com/

FreeBit Co., Ltd. All Rights Reserved.

33

4. Appendix

FreeBit Co., Ltd. All Rights Reserved.

34

Explanation of the Three Revolution Areas and Each Business
Mobile revolution area

5G Infrastructure Support
Business

Market potential

A business that provides a platform that supports not
only "people" but also supporting and connecting”items/things” leading to a creation of a reliable andaffordable consumer marketplace through 5G andeSIM (softwares of SIM) / AI / Blockchain

The 5G-related market for the domestic industry is expected
to create an enormous market of ¥210.6 billion, while the
IoT market is expected to be ¥10.2 trillion※
With an eye on that market, the company aims to develop
new services utilizing 5G and eSIM by constructing nextgeneration networks and data centers for the 5G era, while
continuously providing stable, safe and securecommunications infrastructure services.

Lifestyle revolution area

5G Lifestyle Support Business

Market potential

For the transition to a sustainable
society, people's ways of working,learning, and living will change. This is
an area in which we solve the social
problems that are necessary for thispurpose and create new societies andvalues.

Using the platform created by the 5G Infrastructure
Support Business, a business that builds and provides
a business platform that supports the creation ofvarious "Koto”(thing) markets, such as [safe andsecure living] [health] [working style] [housing]unique to the 5G era

With the new corona, people's desire has fallen to the fivestage hypothesis of Mazlo [the desire for safety], but withthe relaxation of restrictions on socioeconomic activities, thedesire for higher order (= cost consumption) has gradually
been revived. Acceleration of IT penetration in life by 5G
also contributes to the creation of higher-order markets as[Goods→Services→Cost].

Production revolutionarea

Corporate and Creator 5G DX
Support Business

Market potential"Structuring of intelligence" to mobilize
appropriate knowledge from a vast
amount of knowledge for solving social
problems, and the resulting"production revolution of intelligence"brings about innovation.

A business that supports manufacturing in the 5G era
not only for companies but also for creators andinfluencers who will be the core of future
manufacturing, by using a proprietary DX method tobuild a platform that enables [(Market
Creation)→Value Creation→Veriﬁcation→Market
Introduction→Maintain Customer Relations]

In order to solve various social
problems, such as environmental
problems, an aging society, and low
growth, and to realize a sustainable
society, the area provides theinfrastructure that is the foundation for
the improvement of the efficiency ofpeople's lives and the production
revolution of intelligence.

FreeBit Co., Ltd. All Rights Reserved.

In [Marketing 4.0], creators and influencers do not simply
recommend goods and services, but rather propose what
they can become as a result of using them. In other words,
a market that satisfies Mazlo's [desire for self-actualization](= cost consumption) is required.

※ Figures for the domestic 5G-related market (2027) and the domestic IoT market (2025) are from the IDC Japan survey.

35