Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending
April 30, 2024 (Japanese GAAP)
March 8, 2024
Listed company
name

FreeBit Co., Ltd.

Code No.

3843

URL https://freebit.com/

Representative

Title:

President, CEO and CTO

Contact

Title:

Director and General Manager ofGroup Corporate Planning
Name: Ikuko Wada
Division

Scheduled date of filingof quarterly securities
reportListing: Tokyo Stock
Exchange

Name: Atsuki Ishida

Start Date ofDividend Payout:

March 11, 2024

TEL 03-5459-0522-

Supplementary documents available
for quarterly financial results: Yes
Quarterly financial results
briefing: Yes(Video streaming only)(all amounts rounded down to the nearest million yen)
Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending April 30, 2023 (from May 1,
2023 to January 31, 2024)(1) Consolidated Operating Results (Cumulative)(percentages shown represent year-on-year % change)
Quarterly income
Net sales
Operating income
Ordinary income
attributable toowners of the parent
Millions ofMillions ofMillions ofMillions of
%
%
%
%
yen
yen
yen
yen
FY2024/04 3Q
39,992
4,670
4,592
2,868
FY2023/04 3Q
34,216
7.0
3,167
2.2
2,964
-2.0
1,656
2.1
(Note)
Comprehensive
incomeFY2024/04 3Q

3,638

Millions(-%)
of yenFY2023/04 3Q

2,268

Millions(5.2%)
of yenQuarterly net income
Diluted quarterly
per share owners of
net income per share
the parent
Yen
Yen
FY2024/04 3Q
143.68142.21
FY2023/04 3Q
88.09
87.47
(Note) Consolidated subsidiary GIGAPRIZE Co., Ltd. and its subsidiaries have changed the date of theirfiscal year-end from March 31 to April 30. As the third quarter of the current fiscal year is atransitional period for changing the date of their fiscal year-end, percentages representing year-onyear change has been omitted.

- 1 -(2) Consolidated Financial Position
Total assets
FY2024/04 3Q
FY2023/04

Millions of yen
35,56335,926

Reference:
FY2024/04 3Q
Shareholders' equity

Shareholders’Equity
Ratio
Millions of yen%
14,22030.5
11,032
22.9
Net Assets

10,842Millionsof yenFY2023/04

8,242

Millionsof yen2. Dividends
First quarter
period end
Yen-

Second quarter
period end
Yen
0.00
0.00

Annual dividends
Third quarter
period end
Yen-

Year -end

FY2023/04
FY2024/04
FY2024/04 (forecast)(Note) Revisions during this quarter of dividends forecast for fiscal year: None

- 2 -

Total

Yen
8.00

Yen
8.00

27.00

27.00

Forecast of Consolidated Financial Results for the Year Ending April 3.2024 (May 1, 2023 to April 30, 2024)(percentages shown represent year-on-year % change)
Net income
attributable to Net income per
Net sales
Operating income Ordinary income
owners of theshareparentMillions
Millions
Millions
Millions
%
%
%
%
Yen
of yenof yenof yenof yenFull year
53,000
13.3
5,500
37.2
5,200
40.3
3,000
67.4
150.25(Note) Revisions during this quarter of previously disclosed consolidated business results projection for
FY2024: None
For details, please refer to Accompanying Material P.9“1. Qualitive Information on Quarterly
Financial Results (3) Explanation of Consolidated Earnings Forecasts and Other Forward-Looking
Information".
※ Notes(1) Transfers in significant subsidiaries during the quarter (changes in specified subsidiaries resulting
in transfers in the scope of consolidation): 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 the above 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
FY2024/04 3Q
end of the period (including
treasury stock)

23,414,000 Shares FY2023/04

23,414,000 Shares② Number of treasury stocks at theend of the period

3,441,941 Shares FY2023/04

3,453,741 Shares

19,967,100 Shares FY2023/04 3Q

18,805,883 Shares

FY2024/04 3Q③ Average number of shares
FY2024/04 3Q
outstanding (quarterly cumulative)※ The quarterly financial results are outside the scope of quarterly reviews by a certified public
accountant or an auditing firm.
※ 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 the Company and on certain assumptions deemed to be reasonable, and do not constituteguarantees by the Company of future performance. Actual results may differ materially from the forecast
depending on a range of factors. For the assumptions upon which the forecasts are based and for notes
regarding the use of the forecasts, please refer to Accompanying Materials P.9 "1.Qualitive Information
on Quarterly Financial Results (3) Explanation of Consolidated Earnings Forecasts and Other ForwardLooking Information".
(Method of obtaining or viewing supplementary material on quarterly financial results and a summary
explanation of quarterly financial results)･ Supplementary materials for the quarterly results will be disclosed on TDnet on the same day and will
also be posted on our website.
･ A summary of the quarterly financial results will be posted on our website promptly with the recorded
videos.

- 3 -○Accompanying Materials– Table of Contents

1. Qualitative Information on Quarterly Financial Results ……………………………………………………

5(1) Explanation of Operating Results ……………………………………………………………………………

5(2) Explanation of Financial Position ……………………………………………………………………………

9(3) Explanation of Consolidated Earnings Forecasts and Other Forward-Looking Information…………

9

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

10(1) Quarterly Consolidated Balance Sheets ………………………………………………………………………
(2) Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement ofComprehensive Income ……………………………………………………………………………………………………
Quarterly Consolidated Statements of Income

10

Third Quarter Consolidated Cumulative Period …………………………………………………………

13

12

Quarterly Consolidated Statements of Comprehensive Income
Third Quarter Consolidated Cumulative Period …………………………………………………………

13(3) Notes to Quarterly Consolidated Financial Statements……………………………………………………

14(Notes on Going Concern Assumptions) …………………………………………………………………………

14(Notes on Significant Changes in the Amount of Shareholders' Equity) ………………………………

14(Changes in the scope of consolidation or the scope of application of the equity method) ……

14(Segment Information) ……………………………………………………………………………………………

14

- 4 -

1. Qualitative Information on Quarterly Financial Results(1) Explanation of Operating Results
Forward-looking statements in the text are based on judgments as of the end of the current quarter.
The consolidated subsidiary GIGAPRIZE Co., Ltd. ("GIGAPRIZE") and its subsidiaries has changed thedate of their fiscal year-end from March 31 to April 30, which is the same as our consolidated fiscal
year-end. As a result, the consolidated subsidiaries in the current fiscal year has an irregularsettlement of accounts for the 13-month period from April 1, 2023 to April 30, 2024. In the third
quarter of the fiscal year under review, the 10-month period from April 1, 2023 to January 31, 2024
has been incorporated into the consolidated settlement.
Details of the change in the fiscal year-end are as follows. “2. Quarterly Consolidated Financial
Statements and Major Notes (3) Notes to Quarterly Consolidated Financial Statements (Changes in thescope of consolidation or the scope of application of the equity method)”.
The official names and explanations of the names used in “Explanation of Operating Results” are as
follows.
Name in use

Official name

Explanation

5G

5th Generation

Abbreviation for 5th Generation Mobile Communications System,
which is one of the next generation communications standards

web3

web3

Concept of the next-generation distributed Internet, whichenables users to exchange data and content directly with eachother without going through a huge platform

MVNO

Mobile Virtual Network Operator

Virtual mobile operator

Cloud

Cloud Computing

A generic term for a data center or server, providing software,
etc. to users over a network and data is stored and operated

IoTInternet of Things

A system that allows goods to communicate with each other by
equipping them with a communication function, thereby enabling
automatic recognition and automatic control without humanintervention.

MVNE

Mobile Virtual Network Enabler

MVNO support provider

Metaverse

Metaverse

Virtual space that is used over the Internet

AI

Artificial Intelligence

Techniques that use computers to study or conduct human
intellectual behavior

TONE CareTONE Care

One of TONE Laboratory's demonstration test projects
An on-line service that allows customers to promptly conduct avariety of health consultations remotely, such as consultations
on health concerns and overuse smartphones for children

DX

Digital Transformation

Reforming products, services, business models, etc. by utilizing
data and digital technologies

NFT

Non-Fungible Token

Technology that can clarify whether digital content is real, whois the producer, and who is the owner

Our group promotes corporate management with a view to the 10-year plan from 2021 to 2030. In linewith this policy, we have promoted management to achieve net sales of 50 billion yen and operating
income of 5 billion yen under the three-year medium-term management plan “SiLK VISION 2024” that
ends in the fiscal year ending April 2024.
As a result, due to steady business progress in each reportable segment, as announced on December 8,2023, we upwardly revised our full-year forecast for the fiscal year ending April 2024 to net sales of
53 billion yen, operating income of 5.5 billion yen, ordinary income of 5.2 billion yen, and profit
attributable to owners of parent of 3 billion yen.
Going forward, we will continue to focus our management resources on the mobile revolution,
lifestyle revolution, and production revolution domains, which we consider to be growth domains
worldwide, while contributing to the realization of a sustainable society. In this way, we will aim to
expand our business through technologies that grow exponentially as “5G/web3 era Platform Maker”.
The business operations of each reportable segment are as follows.

- 5 -<5G Infrastructure Support Business>
In addition to support services for entry into the MVNO business and business support services for
ISP, we promote support services for various business corporations to introduce cloud and IoT, etc. We
will also build next-generation networks and data centers to respond to 5G era. We will strengthen ourservice provision by leveraging our cloud infrastructure and deploy services that utilize 5G, eSIM
(embedded SIM), as well as expand services that combine these and other business resources.
<5G Lifestyle Support Business>
In addition to providing mobile communications services using smartphones and other devices
targeting individuals and Internet-related services via fixed lines, we are promoting the provision of
5G Homestyle (Internet Services for Collective Housing). In 5G Homestyle, we are also focusing on
establishing new services other than Internet services for apartment complexes.
“Tone Mobile” is responsible for positioning our technologies as Showroom, we will develop andprovide services with an eye to changes in lifestyles in 5G/web3 era. We will also develop and expand
new services in fields such as 5G Workstyle and 5G Healthstyle,5G Lifestyle,5G Carlifestyle, not only
in our exisiting businesses.
<Corporate and Creator 5G DX Support Business>
We are expanding our 5G marketing-conscious services and influencer marketing. In addition topromoting Internet marketing and ad technology-related businesses with a view to web3, we aredeveloping Bizmodel Maker that is a mechanism that allows companies that launch Creator Maker and new
businesses, which are platforms that allow creators and influencers to spread their works, to provide
services via their own platforms.
In the third quarter of the fiscal year under review, despite concerns about the impact of highprices and the weak yen, solid growth is expected in the domestic IT market environment. However,while 5G and web3 are expected to penetrate, their spread is still in the process of developing. In
addition, in our group, we consider it highly likely that all business areas will be affected by the
emergence of disruptive technologies and changes in the market environment.
In this environment, we have positioned the current consolidated fiscal year as “Transformation
Term” again. We will respond to rapid technological and other changes, and reexamine our business andorganizational strategies and human resources strategies. We will also implement effective strategic
investing that effectively utilizes the Group's management resources. In this way, we will strive toestablish our position as Platform Maker of “5G/web3 era” at the earliest possible time.
The operating results of each reportable segment are as follows.
① 5G Infrastructure Support BusinessIn the fixed-line network, the use of many services via the Internet continues to increase due toan increase in online video viewing at home and the use of rich contents and SNS, including games,
along with changes in working styles and lifestyles, and the generalization of online-format
conferences and classes, such as the spread of telework and home-based learning. As a result,
network costs remain on a high trend.
In the mobile network business, the provision of inexpensive plans by major mobile
telecommunications carriers and the deployment of these plans under subbrands continue to affect thegrowth of proprietary MVNO service providers, but the growth of the mobile market as a wholecontinues and is expected to expand in the future, including the expected increase in use for IoT
and inbound tourists.
Against this backdrop, in the 5G Infrastructure Support Business segment, net sales were 7,424,594
thousand yen (up 4.4% year on year) and segment income was 1,341,895 thousand yen (up 15.6% year onyear) due to the steady expansion of the business scale of the support business for MVNO as an MVNE.

② 5G Lifestyle Support Business- 6 -As explained in “5G Infrastructure Support Business”, network costs are rising in the fixed-line
network services market, but the market for 5G Homestyle (Internet Services for Collective Housing),
one of the Group's main services, is expected to grow steadily in the future as the high-speed
broadband environment aimed at improving the asset value of buildings and occupancy rates is being
standardized, and the use of telework, online classes, video content viewing, and other services has
been recognized as standard. As a result, the market size of these services is expected to steadily
grow in the future. In light of this business environment, we expanded our offerings of higher-speed
Internet connection services and Internet connection services for multi-purpose facilities, as well
as services for detached rental housing. We have also begun offering “Cloud Camera Service” toimprove the safety and security of tenants, enhance the value of properties, and improve theefficiency of security management operations. In addition, as part of our efforts to realize “Smart
Town” (a town where the convenience of urban infrastructures is enhanced through the use of digitaltechnologies), we will propose new lifestyles and lifestyles in 5G/web3 era utilizing various
advanced technologies in community towns “LIVING TOWN Minato Mirai”.
In 5G Lifestyle (mobile communications services for individuals and Internet-related services), we
provide services with an eye to the arrival of 5G/web3/ metaverse era in smartphone services “Tone
Mobile” utilizing the proprietary technologies offered by our group. We are also working to resolvea variety of social issues. As a unique service, we provide specialist counseling on "overusesmartphones" at “TONE Care”, a next-generation on-line health consulting service with a view todeveloping “TONE Family” for families equipped with “TONE Anshin AI” that monitors families in
AI and solving the social issue of Internet dependency, which recognized as a danger globally. In
order to increase the number of subscribers to “Tone Mobile”, we implemented marketing measures
mainly in performance-based advertising in view of cost-effectiveness.
Against this backdrop, in the 5G Lifestyle Support Business segment, the number of units offered
as services in 5G Homestyle (Internet Services for Collective Housing) remained steady. As a result,net sales were 19,903,818 thousand yen (up 18.7% year on year) and segment income was 2,578,819
thousand yen (up 68.0% year on year).
As GIGAPRIZE and its subsidiaries responsible for 5G Homestyle changed the fiscal year-end in thecurrent fiscal year, in the third quarter of the fiscal year under review, the ten months from April
1, 2023 to January 31, 2024 have been incorporated into the consolidated fiscal year-end.
Furthermore, even in a trial comparison of the third quarter of the fiscal year under review overthe same nine-month period as the previous third quarter of the fiscal year, both net sales andsegment income increased due to the steady performance of the business itself.
③ Corporate and Creator 5G DX Support BusinessIn the Internet marketing and ad technology services offered by Full Speed Co., Ltd. (“FullSpeed”), economic activity began to normalize due to the relaxation of action restrictions alongwith the transition to a new type of coronavirus infectious disease, and demand for advertising also
increased. In this environment, we worked to promote DX in the Internet marketing-related businessby leveraging our accumulated Internet marketing expertise. We are also moving forward withinitiatives for new businesses for medium-term growth. We have strengthened our efforts to expand
creator economies (economic zones in which creators make monetization through their own skills)
through platform for creators “StandAlone” that allows creators to disseminate information
themselves without going through major platforms, and maximize the value of this information. We
have also strengthened our provision of NFT issuance support services for creators. We also worked
to improve operational efficiency and control costs by implementing PMI after making Full Speed awholly owned subsidiary.
Against this backdrop, in the Corporate and Creator 5G DX Support Business segment, as a result offavorable customer acquisition for affiliate services, net sales were 14,654,507 thousand yen (up18.0% year on year) and segment income was 767,341 thousand yen (up 59.3% year on year).
As a result of the above, net sales were 39,992,151 thousand yen (up 16.9% year on year), operating
income was 4,670,213 thousand yen (up 47.4% year on year), ordinary income was 4,592,324 thousand yen- 7 -(up 54.9% year on year), and profit attributable to owners of parent was 2,868,803 thousand yen (up73.2% year on year).
(Reference 1)
Net sales comparison between the nine-month period of the current third quarter excluding the impactof the changes in the fiscal year-ended of Gigaprize and the previous third quarter consolidated
cumulative period(Thousands of yen)
Percentage
increase/decrease

FY2023/04 3Q(Reference)
FY2024/04 3Q

5G Infrastructure Support Business

7,109,036

7,424,594

315,558

4.4

5G Lifestyle Support Business

16,763,907

18,172,388

1,408,480

8.4

12,415,030

14,654,507

2,239,477

18.0-2,071,515-1,990,769

80,746-34,216,458

38,260,721

4,044,262

11.8

Segment

Corporate and Creator
Support Business

5G

DX

Adjusted amount
Total

Change(Note) The figures for the third quarter of the fiscal year ending April 2024 are unaudited reference
figures calculated for purposes of comparing net sales.
(Reference 2)
Operating income (excluding strategic investments (temporary investments)) compared over the ninemonth period excluding the impact of the change in the fiscal year-end to the previous third quarter(Thousands of yen)
Percentage
increase/decrease(Reference)
FY2023/04 3Q(Reference)
FY2024/04 3Q

5G Infrastructure Support Business

1,371,258

1,556,361

185,102

13.5

5G Lifestyle Support Business

1,951,919

2,585,037

633,118

32.4

576,891

846,569

269,67846.7-11,556-15,637-4,081-

1,799-2,205-4,005-3,890,312

4,970,124

1,079,812

27.8

Segment

Corporate and Creator
Support Business

5G

DX“OtherAdjusted amount
Total

Change(Note) These figures are unaudited reference figures calculated for the purpose of comparing operating
income for the third quarter of the fiscal year ending April 2023 and the third quarter of the
fiscal year ending April 2024.
Net Sales and Segment Income (Loss) by Segment (Thousands of yen)Classification

Net sales

Segment income (loss)

5G Infrastructure Support Business

7,424,594

1,341,895

5G Lifestyle Support Business

19,903,818

2,578,819

Corporate and Creator 5G DX Support Business

14,654,507

767,341--15,637-1,990,769-2,20539,992,151

4,670,213

Other
Adjusted amount
Total

- 8 -

(2) Explanation of Financial Position
Total assets at the end of the third quarter of the current fiscal year were 35,563,268 thousand
yen, a decrease of 363,218 thousand yen from the end of the previous fiscal year. This was mainly due
to a decrease in cash and deposits of 1,829,103 thousand yen, despite an increase in raw materials andsupplies of 621,939 thousand yen and property, plant and equipment of 737,250 thousand yen.
Total liabilities were 21,343,198 thousand yen, a decrease of 3,550,936 thousand yen from the end of
the previous fiscal year. This was mainly due to decreases of 218,755 thousand yen in current portionof long-term debt, 668,519 thousand yen in accounts payable-other, and 2,145,350 thousand yen in longterm debt and 290,829 thousand yen in lease obligations (non-current).
Total net assets increased 3,187,717 thousand yen from the end of the previous fiscal year to
14,220,070 thousand yen due to an increase in retained earnings, etc., and as a result, the equity
ratio was 30.5%.
(3) Explanation of Consolidated Earnings Forecasts and Other Forward-Looking Information
There is no change in the full-year forecast for the fiscal year ending April 2024 from the figure
announced on December 8, 2023, as the results for the third quarter of the fiscal year under review
have generally remained in line with forecasts.

- 9 -2. Quarterly Consolidated Financial Statements and Major Notes(1) Quarterly Consolidated Balance Sheets
Previous Consolidated
Fiscal YearAs of April 30, 2023
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 andaccounts payable
Short-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- 10 -(Thousands of yen)
Third quarter of thecurrent fiscal year
As of January 31, 2024

18,305,769

16,476,666

8,395,261

8,474,964

338,698
251,623
1,248,072
2,167,888-66,882
30,640,431

131,937
297,467
1,870,011
2,310,680-59,898
29,501,829

2,475,825

3,213,076

37,149171,899
180,221389,271

2,841
271,564
292,724
567,130

949,050

849,038

1,496,914
480,969
1,229,373-1,735,348
2,420,958
5,286,055
35,926,487

1,496,914
480,613
1,190,372-1,735,705
2,281,232
6,061,439
35,563,268

256,361

412,574

300,000
4,492,962
5,936,200
708,358
198,548
2,471,517
14,363,947

300,000
4,274,207
5,267,680
648,899
245,036
1,974,353
13,122,751

9,084,282
1,073,433

6,938,932
782,604

60,52760,52757,300254,643
10,530,186
24,894,134

63,839374,543
8,220,446
21,343,198

Previous Consolidated
Fiscal YearAs of April 30, 2023
Net assets
Shareholders' equity
Common stock
Capital Surplus
Retained earnings
Treasury stock
Total owners' equity
Accumulated other comprehensive income
Unrealized gain on available-for-salesecurities
Foreign Currency Translation Adjustments
Total other accumulated comprehensive
incomeStock purchase warrants
Stock acquisition rightNon-controlling shareholders' equity
Total net assets
Total liabilities and net assets- 11 -(Thousands of yen)
Third quarter of thecurrent fiscal year
As of January 31, 2024

4,514,185
1,645,027
5,286,747-3,251,237
8,194,722

4,514,185
1,536,237
7,995,868-3,240,129
10,806,162

54,22745,596-6,500-9,63247,72635,96475,185780
2,713,938
11,032,352
35,926,487

119,267780
3,257,896
14,220,070
35,563,268

(2) Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement of Comprehensive
Income(Quarterly Consolidated Profit and Loss Statement)(Third Quarter Consolidated Cumulative Year)(Thousands of yen)

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
Gain on valuation of investment securities
Penalty income
Other
Total non-operating income
Non-operating expenses
Interest expense
Equity in losses of affiliates
Commissions paid
Litigation charge
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of fixed assets
Gain on sales of investment securities
Gain on sales of shares of affiliates
Reversal of provision for loss on
indemnification of damages
Total extraordinary income
Extraordinary losses
Impairment loss
Loss on disposal of fixed assets
Write-down of investment securities
Write-down of investments in affiliates
Total extraordinary loss
Quarterly income before income taxes andminority interests
Income taxes
The Deferred Corporation Tax, etc.
Total income taxes
Quarterly net income
Quarterly income attributable to noncontrolling interests
Quarterly income attributable to owners of theparentPrevious Third Quarter
Consolidated Cumulative
Period(May 1, 2022-January 31,
2023)
34,216,458
24,214,404
10,002,054
6,834,231
3,167,823- 12 -

Third quarter of thecurrent fiscal year
(May 1, 2023-January 31,
2024)
39,992,151
28,337,393
11,654,758
6,984,544
4,670,213

461
3,207
10,025
13,947
11,99039,633

1,114
2,141
12,732
13,63418,80016,60165,024

88,127
3,731
102,420
33,502
15,480243,2622,964,193

76,795
17,88923,731
24,497
142,914
4,592,324-

6,440
172,799
86,462

21,315-21,315

265,702781
58,47559,25721,0002,023
3,927
26,9512,926,251

4,831,075

780,293-89,369
690,924
2,235,327

1,113,371
67,025
1,180,397
3,650,678

578,649

781,875

1,656,677

2,868,803

Quarterly Consolidated Statements of Comprehensive Income(Third Quarter Consolidated Cumulative Year)(Thousands of yen)

Quarterly net income
Other comprehensive income
Unrealized gain on available-for-salesecurities
Foreign Currency Translation Adjustments
Total other comprehensive income
Quarterly comprehensive income(Comprehensive income attributable to)
Quarterly comprehensive income attributableto owners of the parent
Quarterly comprehensive income attributable
to noncontrolling interests

Previous Third Quarter
Consolidated Cumulative
Period(May 1, 2022-January 31,
2023)
2,235,327- 13 -

Third quarter of thecurrent fiscal year
(May 1, 2023-January 31,
2024)
3,650,678

29,664-8,6303,892
33,5562,268,883-3,131-11,7623,638,916

1,689,809

2,857,040

579,073

781,875

(3) Notes to Quarterly Consolidated Financial Statements(Notes on Going Concern Assumption)
Not applicable.
(Notes on Significant Changes in the amount of Shareholders' Equity)
Not applicable.
(Changes in the scope of consolidation or the scope of application of the equity method)
Changes in matters concerning the fiscal year, etc. of consolidated subsidiaries
In the current consolidated fiscal year, consolidated subsidiaries GIGAPRIZE Co., Ltd., GIGATEC
Co., Ltd., Soft Volatile Co., Ltd., and LTM Co., Ltd. have changed the date of their fiscal year-end
from March 31 to April 30, and are the same as the date of their consolidated fiscal year-end.
As a result of the change in the fiscal year-end, the consolidated subsidiary's fiscal year in thethird quarter under review is 10 months. The impact of the change in the fiscal year-end is adjusted
through the consolidated statement of income.
The consolidated subsidiaries recorded net sales of 1,731,430 thousand yen, operating income of
398,106 thousand yen, and ordinary income and income before income taxes and minority interests of
395,372 thousand yen for the period from April 1, 2023 to April 30, 2023.
(Segment Information)
Ⅰ Previous Third Quarter (May 1, 2022, to January 31, 2023)
Information on net sales and income (loss) by reportable segment(Thousands ofyen)
Reportable Segments
Other(Note) 1

5G
Infrastructure
SupportBusiness

5G LifestyleSupportBusiness

Corporate andCreator 5G DX
SupportBusiness

Sales to customers

5,352,858

16,661,586

12,202,013-

34,216,458

Intersegment sales

1,756,177

102,321

213,016-

2,071,515

7,109,036

16,763,907

12,415,030-

36,287,974

1,160,611

1,535,247

481,721-11,556

3,166,023

Total

Net sales

Total
Segment income (loss)(Thousands of yen)Amount recordedin thequarterly
Adjusted amountconsolidated(Note) 2
statement ofincome(Note)3
Net sales
Sales to customers-

34,216,458

Intersegment sales-2,071,515--2,071,515

34,216,458

1,799

3,167,823

Total
Segment income (loss)(Note) 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 (loss) 1,799 thousand yen include reclassifications of allowance- 14 -

for doubtful accounts.
3. Segment income (loss) is reconciled to operating income in the quarterly consolidated statements
of income.
Ⅱ Third Quarter (May 1, 2023-January 31, 2024)
Information on net sales and income (loss) by reportable segment(Thousands ofyen)
Reportable Segments
Other(Note) 1

5G
Infrastructure
SupportBusiness

5G LifestyleSupportBusiness

Corporate andCreator 5G DX
SupportBusiness

Sales to customers

5,765,773

19,819,444

14,406,933-

39,992,151

Intersegment sales

1,658,820

84,374

247,574-

1,990,769

7,424,594

19,903,818

14,654,507-

41,982,920

1,341,895

2,578,819

767,341-15,637

4,672,419

Total

Net sales

Total
Segment income (loss)(Thousands of yen)Amount recordedin thequarterly
Adjusted amountconsolidated(Note) 2
statement ofincome(Note) 3
Net sales
Sales to customers-

39,992,151

Intersegment sales-1,990,769--1,990,769

39,992,151-2,2054,670,213

Total
Segment income (loss)(Note) 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 (loss) -2,205 thousand yen include reclassifications of allowancefor doubtful accounts.
3. Segment income (loss) is reconciled to operating income in the quarterly consolidated statements
of income.

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