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 First Quarter

FreeBit Co., Ltd.
September 8, 2023

10-year plan from FY2021 to FY2030

2024

2027

2030
2030
2030

from The Garage again.

from The Garage again.

from The Garage again.

Pre
5G

Core
5G

6G
Standby2

FreeBit Group's Medium-to Long-Term Growth ImageSiLK VISION 2020

SiLK VISION 2024

SiLK VISION 2027

SiLK VISION 2030

Promoting the growth of thetransformation zone and the creationof growth businesses from the
incubation zone in the Next MediumTerm Management Plan,
utilizing earnings from the
Performance Zone

Performance zone
5G Infra Platform(MVNE, fixed network, cloud, etc.)

Infrastructure Tech business(freebit, DTI)
Ad-Tech business (FullSpeed)
Real
Tech
Business (GIGA PRIZE)
FreeBit Co.,
Ltd.Estate
All Rights
Reserved.

5G Homestyle(Internet services targeting housing complex)

Internet marketing
Affiliate
Maker's Maker

Corporate and Creator 5G DX
Support Business

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

5G Lifestyle Support Business
5G Lifestyle（TONE/DTI）
5G Infrastructure Support
Business
Most existing businesses haveshifted to the Performance zone.
Those businesses growcontinuously incorporating
the changing times such as 5G
and eSIM.
3

Medium-term management plan "SiLK VISION 2024"
FreeBit Group Earnings Targets for the Fiscal Year Ending April 2024
Aiming for 50 billion yen in sales and 5 billion yen in operating profit(Millions of yen)

52,009Net sales

Operatingincome50,00046,771
43,075

Base
income4,835

Base
income5,291

Base
incomeStrategic
Investment

3,403
Accou
nting
ProfitAccou
nting
Profit

5,000

4,007

3,165

FY2021

FY2022

FY2023SiLK VISION 2024
FreeBit Co., Ltd. All Rights Reserved.

FY2024FY2021

FY2022

FY2023

FY2024SiLK VISION 2024

※1 Net sales and operating income in FY2021 are figures before adjusting "Accounting Standard for
Recognition of Revenue" and other factors.
※2 Base income is the business income figure excluding temporary investments and unaudited for the reference. 4

Agenda1. Financial Results for the First Quarter of FY2024/04

･････

6

2. of FY2024/04

･････

17

3. Progress against the FY2024/04 full-year forecast
4. Appendix

･････

29

･････

33

Financial results by segment for the First Quarter

FreeBit Co., Ltd. All Rights Reserved.

51. Financial Results for the First Quarter of FY2024/04

FreeBit Co., Ltd. All Rights Reserved.

6

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 the first quarter of the fiscal year underreview, the four-month period from April 1, 2023 to July 31, 2023 has been incorporated into theconsolidated settlement.
◼ In this presentation material, we describe the figures as the figure including the impact of the change inthe fiscal year-end and the figure excluding the impact of the change in the fiscal year-end.

First
quarter

Consolidated period(Previous Fiscal Year)FY2023/04

GPG(Current Fiscal Year)FY2024/04

GPG

FB

FB

(From the Next Fiscal Year) GPG

FY2025/04FreeBit Co., Ltd. All Rights Reserved.

FB

4

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

5

6

7

8

9

10

11

12

1

2

3

4

5

6

7

8

9

10

11

12

1

2

3

4

5

6

7

8

9

10

11

12

1

2

3

4
7

Summary of Consolidated Financial Results for the First Quarterof the Fiscal Year Ending April 2024
FY2023/04
First quarter(Millions of yen)

FY2024/04 First quarter(Reference) FY2024/04 1Q(Including the impact of the change
in the fiscal year-end)(Excluding the impact of change
in fiscal year-end)*2

Increase/ Percentage
increase/
Decrease decrease *1

ActualIncrease/ Percentage
increase/
Decrease decrease

ActualNet sales

Actual11,142

14,040+2,897-

12,308+1,166+10.5%EBITDA

Actual

867

1,614

+747

-

1,237

+369

+42.6%

OperatingincomeActual

864

1,664

+800

-

1,266

+401

+46.5%

Base
income*3

1,106

1,877

+771

-

1,479

+373

+33.7%

Actual

773

1,623

+850

-

1,228

+455

+58.8%

Base
income

1,015

1,836

+821

-

1,441

+426

+42.0%

Quarterly income
attributable toowners of the parent

Actual

305

863

+557

-

706

Quarterly net income
per shareowners of the parent

Actual16.26 yen

43.26 yen

27.00
yen

-

35.37 yen

Ordinary
income+400 +131.0%
19.11
yen

-

※1 Considering the impact of the change in GPG's fiscal year-end explained in page 7, the comparison of percentage of the previous fiscal year and current fiscal year is described as [-].
※2 The figures in “Excluding the impact of the change in the fiscal year-end" is an unaudited reference figure that excludes the impact of the change in the fiscal year-end of GPG.
※3 Base income is an unaudited reference figure.

FreeBit Co., Ltd. All Rights Reserved.

8

Topics for the First Quarter of the Fiscal Year Ending April 2024・Significant progress over the same period of the previous fiscal year in net sales
and all incomes at each stage. Reference figures excluding the impact of the change in
GPG's fiscal year-end also showed steady progress compared to the same period of
the previous fiscal year•

Net sales increased 26.0% year on year (excluding the impact of the change in the fiscal year (*1):
increased 10.5%) due to solid performance in 5G Lifestyle Support Business, 5G Homestyle (GPG)
and the Corporate and Creator 5G DX Support Business•

Operating income grew in all segments, including 5G Infrastructure Support Business,
5G Lifestyle Support Business, and the Corporate and Creator 5G DX Support Business,despite implementing strategic investments. Operating income increased 92.5% year on year andincreased 69.7% year on year by base comparison (*2) compared to the previous fiscal year (theexcluding the impact of the change in the fiscal year: 46.5% year on year / increased 33.7% year on
year by base comparison).

•Ordinary income increased 110.0% year on year due to favorable base profit growth, and increased
81.0% year on year by base comparison (excluding the impact of the change in the fiscal year-end:
58.8% up / 42.0% year on year by base comparison)•

Quarterly income attributable to owners of the parent increased 182.5% year on year due to growthin operating income and ordinary income, etc. (Excluding the impact of the change in the fiscal year
end: 131.0% increase)※1 Figures of “excluding the impact of the change in the fiscal year-end” are unaudited reference figures.
※2 Base comparison is the year-on-year comparison of base incomes.

9

YoY Variance Analysis Net Sales
Sales remained solid performance in all segments, including the Corporate andCreator 5G DX Support Business and 5G Lifestyle Support Business.
As a result, sales increased 26.0% year on year (excluding the impact of the change
in the fiscal year end: 10.5% increase).

14,040

5G infrastructure
support businessTransaction
Increase

5G lifestylesupportbusiness
Transaction
Increase

Corporate andCreator 5G DX
intersegment
support business
transactions
Transaction
increase
Increase

12,308(Millions of yen)

Net salesof GPG(1 month)

11,142

FY2023/04
1Q Actual※ Figures of excluding the impact for the change in fiscal year-

FreeBit Co., Ltd. All Rights Reserved. end are unaudited for the reference.

FY2024/04
1Q Actual

FY2024/04
1Q Actual(Excluding the impact ofchange in fiscal year-end)(Including the impact of thechange in the fiscal year-end)

10

YoY Variance Analysis Operating Income
While implementing strategic investments, all segments remained solid performance,
mainly in 5G Lifestyle Support Business. As a result, actual results increased by 92.5%
year on year and base income increased by 69.7%.
(Excluded from the change in fiscal year-end: Base profit up 33.7%)
Corporate andcreator
5G
DX
support
5G lifestylebusiness
support
Incomebusiness
Increase
5G
IncomeInfrastructure Increase
SupportBusiness
IncomeIncrease+234

Strategic
investment

+82

1,877
Other

-2

1,479

Strategic
investment(Millions of yen)

213

1,664

Incomeof GPG(1 month)

1,106 +59864

FY2023/04
1Q Actual

FY2023/04 1Q
Base income

FY2024/04 1Q
Base income(Excluding the impact of※ Base income and the figures of “excluding the impact of
FreeBit Co., Ltd. All Rights Reserved. the change in fiscal year-end" are unaudited reference figures. change in fiscal year-end)

FY2024/04 1Q
Base income(Including the impact of
the change in the fiscal
year-end)

FY2024/04
1Q Actual(Including the impact of
the change in the fiscal
year-end)11Breakdown of strategic investment for FY 2023 and FY 2024
Continuous implementation of strategic investments, including acquisition ofusers for TONE mobile and promotion of businesses in the incubation zone
5G Infrastructure
Support Business(Millions of yen)

5G Lifestyle Support Business

FY2024/04
Strategic Investment Results

Corporate and Creator 5G DX
Support Business

FY2023/4
Total 1.28 billion yen

FY2024/04

5G Infrastructure Support Business(74 million yen)・Development of 5G data-center
・Data collaboration projects, etc.
5G Lifestyle Support Business(125 million yen)・Promotion-related to TONE
・Develop and test 5G Healthstyle area
"TONE Care“
・Web3(Blockchain) Development andtesting of relationships
etc.

562
118

245

241

235

30

39

150

122

143

60

72

77

90

74

FY2023/04 1QFY2023/04 2QFY2023/04 3QFY2023/04 4QFY2024/04 1Q

24

FreeBit Co., Ltd. All Rights Reserved.

353

213

Support for corporate and creator 5G DX(12 million yen)・Develop and expand human resources
for multi-faceted development ofStandAlone, a Creator Maker area

12

125

FY2024/04 2QFY2024/04 3QFY2024/04 4Q

12

YoY Variance Analysis Ordinary Income
Due to strong performance in base profit, actual results increased by 110.0% year
on year and base profit increased by 81.0%.
(Excluded from the change in fiscal year-end: Base profit up 42.0%)(Millions of yen)

Increase in
Operating
Income+373

Variance in
TOB-related
expenses in
the previous
fiscal year+77

395 1,836
Other

-24

1,441

Strategic
investment

213

1,623

Incomeof GPG(1 month)

Strategic
investment

241

1,015

773

FY2023/04
1Q Actual

FY2023/04 1Q
Base income

FreeBit Co., Ltd. All Rights Reserved. ※ Base income and the figures of “excluding the impact of

the change in fiscal year-end" are unaudited reference figures.

FY2024/04 1Q
Base income(Excluding the impact ofchange in fiscal year-end)

FY2024/04 1Q
Base income(Including the impact of
the change in the fiscal
year-end)

FY2024/04
1Q Actual(Including the impact of
the change in the fiscal
year-end)

13

YoY Variance Analysis Quarterly net income attributable to owners of the parent

Increased by 182.5% Year on Year due to increase in ordinary income, etc.
(Excluded from the change in fiscal year-end: 131.0% increase)
Increase inordinary
incomeVariance in valuation
loss on investment Increasein taxsecurities in the
expenseprevious fiscal year

-35

Increase innetncome
attributable tononcontrollinginterests-46(Millions of yen)

Other

-23

706

Incomeof GPG(1 month)305

FY2023/04
1Q Actual
Figures of excluding the impact for the change in fiscal yearFreeBit Co., Ltd. All Rights Reserved. ※end are unaudited for the reference.

FY2024/04
1Q Actual

FY2024/04
1Q Actual(Excluding the impact ofchange in fiscal year-end)(Including the impact of thechange in the fiscal year-end)14

Consolidated Results Summary BS
Retained earnings increased due to solid performance, and the equity
ratio increased to 25.4%.
(Millions of yen)

Current
Assets30,640Liabilities

Current
AssetsLiabilities

24,89429,73623,210Cash
Equivalent
18,305

Cash
Equivalent
16,834

Net Assets

11,032
Fixed Assets
5,286

Shareholders'equity8,242

FY2023/04 4Q (As of April 31St, 2023)
FreeBit Co., Ltd. All Rights Reserved.

Net Assets

Selfcapitalization
ratio

11,892

22.9%

Fixed Assets
5,366

Shareholders' equity
8,907

FY2024/04 1Q (As of July 31St, 2023)

Selfcapitalization
ratio

25.4%

15

Net Sales and Operating Income per Employee
Net sales and operating income (base profit) per employee are expected
to increase from the previous fiscal year
SiLK VISION2013

SiLK VISION2020

SiLK VISION
2016

FY2021/04

SiLK VISION
2024(Thousands of yen)

60,00010,000Net sales per capita
operating income per capita

40,0005,000

20,0000

0FY2011/04

FY2012/04

FY2013/04

FY2014/04

FY2015/04

FY2016/04

FY2017/04

FY2018/04

FY2019/04

FY2020/04

FY2021/04(Adjusted
figure*1)

FY2022/04 FY2023/04 FY2024/04(Base (Base income) Forecasts*3
income*2)(Base profit)※1 Adjusted figure is unaudited reference figure that exclude the impact of accounting standards for revenue
recognition, off-balance-sheet businesses, strategic investments, and changes in DTI fiscal year-ends.
※2 Base income is unaudited reference figure.
FreeBit Co., Ltd. All Rights Reserved.※Adopting the number of employees in the 23rd fiscal period for the 24th fiscal period for FY2024/04 Forecast.

16

2. Financial results by segment for the First Quarter of FY2024/04

FreeBit Co., Ltd. All Rights Reserved.

17

Composition by segment
Revenues and profits increased in all segments of 5G Infrastructure Support
Business, 5G Lifestyle Support Business, and the Corporate and Creator 5G
DX Support Business
5G Infrastructure
Support BusinessCorporate and Creator
5G DX Support BusinessNet sales

16.5%

Segment profit or loss

5G Infrastructure Support Business

31.8%

Actual 2,427 million yen
YoY +4.3%

Actual 438 million yen
YoY +11.5% (Actual profit)+13.1% (Base profit)

5G Lifestyle Support BusinessNet sales
14.04
billion yen

Actual 7,600 million yen
YoY +38.8%

Actual 1,034 million yen
YoY +174.4% (Actual profit)+120.0% (Base profit)

Corporate and creator 5G DX support business

Actual 4,668 million yen
YoY +15.6%

Actual 197 million yen
YoY +104.7% (Actual profit)+65.0% (Base profit)

5G lifestyle support business
51.7%

FreeBit Co., Ltd. All Rights Reserved.

18

[Performance Progress] 5G Infrastructure Support Business (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 Lifestyle Support Business
5G Lifestyle（TONE/DTI）

Performance zone
5G Infra Platform(MVNE, fixed network, cloud, etc.)

Infrastructure Tech business(freebit, DTI)
Ad-Tech business (FullSpeed)
Real
Tech
Business (GIGA PRIZE)
FreeBit Co.,
Ltd.Estate
All Rights
Reserved.

5G Homestyle(Internet services targeting housing complex)

Internet marketing
Affiliate
Maker's Maker

5G Infrastructure Support
Business
Most existing businesses haveshifted to the Performance zone.
Those businesses growcontinuously incorporating
the changing times such as 5G
and eSIM.
19

5G Infrastructure Support Business：Performance Progress
Despite decrease in use of B2B fixed network services and increase in personnel expenses,
operating income (Base income) increased 13.1% year on year due to increase in use of B2B
mobile services

Segment Profit/Loss YoY Variance Analysis

Net Sales and Segment Profit/Loss(Millions of yen)

+139
-19

Net Sales(Actual)

4,000

Segment Income（Actual）
Segment Income（Base Income） ※

1,000

-34
-27

B2B Mobile: Profits increased due to increased use of services
B2B fixed network: Profits decreased due to decreasein use of services
Increase in personnel expenses due to strengtheningof human resources
Other
Breakdown: ・Development of 5G data-center･ Data collaboration projects, etc.

3,000

2,328

2,000

393

2,404

2,376

2,380

(Millions of yen)

2,427

500

340

Strategic
investment

-19

-34

-27

Strategic
investment

74

438

438

427

217

0

1,000

△ 500

0
１Q

２Q

３Q

FreeBit Co., Ltd. All Rights Reserved.

４Q

FY2023/04
1Q Actual

FY2023/04 1Q
Base income

FY2024/04 1Q
Base income

FY2024/04
1Q Actual

１Q※ Base income is unaudited reference figure.

20

5G Infrastructure Support Business：Mobile Services● Unique plans to meet customer needs
Provides components
Provision of proprietary plans

Provision at bandwidth

Support planning for your own
company. A dedicatedrepresentative will assist yourcompany to differ from yourcompetitors.

We provide the necessary
bandwidth when needed. It can bestarted in the account and migrated
to bandwidth without changing thesetting after user acquisition.

● Trends in composition of sales SIM
While the number of data SIM sales remained
unchanged, higher value-added data + SMS+
voice sales increased, contributing to sales
100%

80%

Provision of network
operation monitoring
services
We conduct connection with andoperational monitoring of the
docomo Network. You canconcentrate on marketing, sales,and support.

Provision ofmanagement tool
We provide web tools, API, anddata DL sites for user
management. We also provide
traffic visualization tools tocustomers with bandwidth
subscriptions, which allows them tocheck traffic status.

54.6%
60%

40%

51.8%
20%

Component Provision
Provides cloud, VDC, fixed IP,
VoIP, and various security
functions. We also provide
communications equipment suchas smartphones, surveillancecameras, and IoT modules.
User support and shipping are alsoavailable on your behalf. Please
consult us.

FreeBit Co., Ltd. All Rights Reserved.

48.2%

47.1%

Data/SMS/Voice

46.5%

Data/SMS/Voice

32.1%

0%

End of 1Q End of 2Q End of 3Q End of 4Q End of 1Q End of 2Q End of 3Q End of 4Q End of 1Q
FY2022

FY2022

FY2022

FY2022

Data+SMS+VoiceFY2023

FY2023

Data+SMS

FY2023

FY2023

FY2024

Data

21

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

Performance zone
5G Infra Platform(MVNE, fixed network, cloud, etc.)

Infrastructure Tech business(freebit, DTI)
Ad-Tech business (FullSpeed)
Real
Tech
Business (GIGA PRIZE)
FreeBit Co.,
Ltd.Estate
All Rights
Reserved.

5G Homestyle(Internet services targeting housing complex)

Internet marketing
Affiliate
Maker's Maker

5G Infrastructure Support
Business
Most existing businesses haveshifted to the Performance zone.
Those businesses growcontinuously incorporating
the changing times such as 5G
and eSIM.
22

5G Lifestyle Support Business: Performance Progress(Millions of yen)

Due to several factors such as solid performance of 5G Homestyle and a decrease in SG&A
expenses in TONE Business, operating income (Base Income) increased 120.0% year on year
(Excluding the impact of the change in the fiscal year end: 44.5% year on year)

Segment Profit/Loss YoY Variance Analysis

Net Sales and Segment Profit/Loss+103 Increase in income due to sales increase in 5G Homestyle(GPG)-37 Decrease of income due to decrease in use of 5G Lifestyle(DTI)
fixed network services+133 Increase in income due to decrease of temporary expenses incurred in
the previous fiscal year for the launch of new devices and initialexpenses for launching of collaboration with docomo shops+35 Other

Net Sales (Results)

Segment Income (Actual/Including
the Impact of Change in Fiscal Year-End)

10,0002,000

Segment Income (Actual/Excluding
the impact of Change in Fiscal Year-end)*

Segment income (Base Income/
Including impact of change in fiscal year-end)*
Segment Income (Base Income/Excluding impact of Change in Fiscal Year-end)*

7,500

6,497
5,477

5,679

5,606

7,600

Breakdown: ・Acquisition of users for “TONE mobile”･ Develop and test 5G Healthstyle area of “TONE Care"･ Web3(Blockchain) Develop and test relationships., etc.

1,500

Incomeof GPG(1 month)

Strategic
investment

1,034

5,000

1,000

Strategic
investment

2,500

602

555

500
504

398

(Millions of yen)377

150 527+103 -37

377

0

0
１Q

２Q

３Q

FreeBit Co., Ltd. All Rights Reserved.

４Q

１Q

FY2023/04
1Q Actual

FY2023/04 1Q
Base income+35 761125

Incomeof GPG(1 month)

FY2024/04 1Q
Base income(Excluding impactof the change infiscal year-end)

1,034

FY2024/04 1Q
Base income

FY2024/04
1Q Actual(Including impactof the change infiscal year-end)(Including impactof the change infiscal year-end)※ Base Income and the figures of excluding the impact of the change the fiscal year-end are unaudited reference figures.

23

5G Lifestyle Support Business: Performance Progress
Steady growth in the number of units provided for ISP services for apartment buildings,
a key indicator of 5G Homestyle(GPG), with a total of 1,098,000 units,
an increase of 47,000 units compared to the end of the previous fiscal year
FY2024/04
Full-year forecast

122.6

105.1

(Unit: thousand units)

90.0

YoY change

Increaseof 47,000
units

74.5
Actual at theend of June
Total number ofunits offered

56.4

1,098,000
units

End of
FY2020/03

End of
FY2021/03

End of
FY2022/03

End of
FY2023/03

End of 1Q
FY2024/04(March 31,2020)(March 31,2021)(March 31,2022)(March 31,2023)(June 30,2023)

24

5G Lifestyle Support Business：Topics
Launched new services, including ISP services for apartment buildings with a maximum
communication rate of 10Gbps and the construction of an Internet connection environment
for a multi-purpose gymnasium in Itoshima City Exercise Park (Fukuoka Prefecture)● Launched ISP services for apartmentbuildings with a maximum communication
rate of 10Gbps● Itoshima City Exercise Park Building
an Internet connection environment fora multi-purpose gymnasium

With the increasing demand for "high-speed Internet“
as a service that leads to differentiation from otherproperties and improved satisfaction for tenants, GPG
has begun offering ISP services for apartment buildings
with communication speeds of up to 10Gbps and down.

Providing solutions to public facilities by leveraging ouraccumulated expertise. Constructing an optimal network
environment on the assumption that many people will use
the Internet in a certain area.
Since the park is also a base equipped with "Disaster
Prevention Functions", we also implement measures that can
provide a communication environment in the building evenin the event of a disaster.

Itoshima City Exercise Park (The front
building is a multi-purpose gymnasium)

Multi-purpose gymnasium
Main Arena

25[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 Lifestyle Support Business
5G Lifestyle（TONE/DTI）

Performance zone
5G Infra Platform(MVNE, fixed network, cloud, etc.)

Infrastructure Tech business(freebit, DTI)
Ad-Tech business (FullSpeed)
Real
Tech
Business (GIGA PRIZE)
FreeBit Co.,
Ltd.Estate
All Rights
Reserved.

5G Homestyle(Internet services targeting housing complex)

Internet marketing
Affiliate
Maker's Maker

5G Infrastructure Support
Business
Most existing businesses haveshifted to the Performance zone.
Those businesses growcontinuously incorporating
the changing times such as 5G
and eSIM.
26

Corporate and Creator 5G DX Support Business ： Performance Progress
Increased gross income in the affiliate business and a decrease in SG&A expenses dueto the PMI effect following the conversion of FS to a wholly owned subsidiary,
Operating income (Base Income) increased 65.0% year on year
Segment Profit/Loss YoY Variance Analysis

Net Sales and Segment Profit/Loss(Millions of yen)

+40

(Millions of yen)

Net Sales

400

Segment Profit/Loss (Actual)

Increase in gross income in affiliate business bystrengthening focus genres and acquiring new customers
Decrease in SG&A expenses due to PMI effects such as
resource optimization accompanying the conversion of FS
to a wholly owned subsidiary
Other
Breakdown ・Multifaceted development ofplatforms of ”StandAlone"+55

Segment Profit/Loss (Base Income) ※

5,000
4,039

4,339

4,434

-12

4,668

4,036

-12
200

226

12

Strategic
investment

197

2,500

Strategic
investment

30

159
122
96

0

0
１Q

２Q

３Q

FreeBit Co., Ltd. All Rights Reserved.

４Q

FY2023/04
1Q Actual

FY2023/04 1Q
Base income

FY2024/04 1Q FY2024/04
Base income
1Q Actual

１Q※ Base income is an unaudited reference figure.

27

Corporate and Creator 5G DX Support Business：Topics

Creator Support Platform, "StandAlone" plans to hold events
for several thousands audiences and release new apps
● Kentaro Sakaguchi and Eiji Akaso plan tohold events for several thousand audience.
Merchandise sales are also planed to implementin each case.

● Planning to release new apps for Takato Nagata
and Hikari Kabashima in September

The actor, Kentaro Sakaguchi, disseminates content"info.s" and the actor, Eiji Akaso, act as the editor to
distribute content "EAWD", each planning to hold eventsof several thousand audience in September.
At the event, it is planed to sell tickets and goods.

In September, it is planed to release a new app for theactor, Takato Nagata, "NAGATOWN" and the actor, Hikari
Kabashima "Hikaridayori”. From September onward, theCompany will continue to prepare for the release of new
creators' apps.
● App Name Hikaridayori● Artist Name Hikari Kabashima● Entertainment･ Drama Kamen Rider Revise･ Drama: The End of the Little We･ Don't love it because it is a family, but it
was the family that loved it● App Name NAGATOWN● Artist Takato Nagata● Entertainment･ Theatre Haikyu!!
･ Drama: His husband and husband･ Drama Black Postman※ Design may be changed at release.

FreeBit Co., Ltd. All Rights Reserved.

28

3. Progress against the FY2024/04 full-year forecast

FreeBit Co., Ltd. All Rights Reserved.

29

Medium-term management plan "SiLK VISION 2024"
FreeBit Group Earnings Targets for the Fiscal Year Ending April 2024
Aiming for 50 billion yen in sales and 5 billion yen in operating profit(Millions of yen)

52,009Net sales

Operatingincome50,00046,771
43,075

Base
income4,835

Base
income5,291

Base
incomeStrategic
Investment

3,403
Accou
nting
ProfitAccou
nting
Profit

5,000

4,007

3,165

FY2021

FY2022

FY2023SiLK VISION 2024
FreeBit Co., Ltd. All Rights Reserved.

FY2024FY2021

FY2022

FY2023

FY2024SiLK VISION 2024

※1 Net sales and operating income in FY2021 are figures before adjusting "Accounting Standard for
Recognition of Revenue" and other factors.
※2 Base income are the business profit figure excluding temporary investments and unaudited reference figures. 30

Progress against the FY2024/04 full-year forecast
Net sales and profits at each stage all exceeded forecasts
Projected to progress in 2Q and beyond as planned
Progress (Actual: Excluding the impact
of change in fiscal year end)

Net sales

24.6%
28.1%

Operatingincome25.3%

Ordinary
income27.3%

Quarterly
incomeattributable toowners ofthe parent

33.3%

36.1%

28.2%
34.5%

FreeBit Co., Ltd. All Rights Reserved.

Progress (Actual: Including the impactof the change in the fiscal year end)

12.30 billion yen
14.04 billion yen
1.26 billion yen
1.66 billion yen
1.22 billion yen
1.62 billion yen
700 million yen
860 million yen※ Figures of Excluding impact for the change in fiscal year-end are unaudited for the reference.

Full year
Forecasts

50 billionyen
5 billionyen

4.5 billionyen
2.5 billion
yen
31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 time of
preparation of this document. Actual results may differ materially from these forecasts andtargets due to various factors. These materials are explanatory materials for our businessstrategy and are not prepared for the purpose of soliciting investment.

<IR and Inquiries Regarding This Material>
FreeBit Co., Ltd.
In charge of IR, Corporate
Planning Division

Email freebit-ir@freebit.net
WEB https://freebit.com/

FreeBit Co., Ltd. All Rights Reserved.

32

5. Appendix

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33

Explanation of the Three Revolution Areas and Each Business
Mobile revolution area
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 efficiencyof people's lives and the production
revolution of intelligence.

5G Infrastructure Support
Business

Market potential

A business that provides a platform that supports not
only the creation of "human" but also the creation of"consumer" markets that lead to Connected andreliable use of "goods" at an affordable price through5G and eSIM(SIM software/AI/Blockchain.

5G related market for the domestic industry is 210.6
billion yen, IoT market is 10.2 trillion yen, and even
MaaS is 2.9 trillion yen. However, from a uniqueperspective of " DAO" (autonomous decentralizedorganization), which differs from the huge platform
formers, where various issues are emerging, weapproach these huge markets.

5G Lifestyle Support Business

Market potential

For the transition to a sustainable
society, people's ways of working,learning, and living will change. Thisis an area in which we solve thesocial problems that are necessary
for this purpose and create newsocieties and values.

Using platforms created by 5G support business,this business builds and provides businessplatforms that support the creation of various"cost" markets, such as "safe and secure
lifestyles," "healthy lifestyles," "work styles," and"housing," which are unique to 5G era.

With the new corona, people's desire has fallen to the"safety desire" of the 5-stage theory of Mazroe, butwith the spread of vaccines in the future, the higherorder desire (= cost consumption) has been revived.
Accelerating the penetration of IT into lifestyles in 5G
also contributes to the creation of higher-order

Production revolution
area

Support for corporate and creator
5G DX"Structuring of intelligence" tomobilize appropriate knowledge froma vast amount of knowledge forsolving social problems, and theresulting "production revolution of
intelligence" brings about innovation.

A business that supports manufacturing in 5G age byusing a proprietary DX method to build platforms thatenable not only corporations but also creators andinfluencers that will become the core of future
manufacturing, from "(Market Creation)→Value
Creation→Verification→Market
Introduction→Maintenance of Customer Relations."

Lifestyle revolution
area

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markets-goods→services→outcomes.

Market potential
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-realization" (= cost consumption) is
required.

(NOTE)Domestic 5G related markets (2027) and domestic IoT markets (2025) are based on IDC Japan surveys, and MaaS domestic
markets (2030) are based on Fuji Keizai.

34