Note) This is an English translation of Consolidated Financial Report prepared for readers' convenience. Should there be any inconsistency between the translation and theoriginal Japanese text, the latter shall prevail.

Consolidated Financial Reportfor the First Quarter of Fiscal Year Ending March 31, 2025 [IFRS]July 29, 2024

BIPROGY Inc.
Stock Listing:Stock Code:
URL:
Representative:
Scheduled Starting Date for Dividend Payment:
Earnings Supplementary Explanatory Documents:
Earnings Results Briefing:

Tokyo Stock Exchange, Prime Market
8056
https://www.biprogy.com/e/Noboru Saito, Representative Director, President & CEO－
yes
yes (for institutional investors and analysts)(Amounts are rounded down to the nearest million yen.)

1. Consolidated Financial Results for FY2025 Q1(from April 1, 2024 to June 30, 2024)(1) Consolidated Results of Operations(Percentage below represents increase (decrease) from previous year)

Revenue
FY2025 Q1
FY2024 Q1

Operating profit

Profit attributable toowners of parent

Profit before tax

Comprehensive income

Millions of Yen％

Millions of Yen%

Millions of Yen%

Millions of Yen%

Millions of Yen%

88,35279,854

10.6
13.2

6,578
5,829

12.8
22.0

7,129
6,434

10.8
10.4

4,892
4,365

12.1
11.4

5,481
6,903

(20.6)
217.8(Note) Adjusted operating profit FY2025 Q1 : 6,326 Million Yen (9.7%) FY2024 Q1 : 5,767 Million Yen (21.1%)
Adjusted operating profit is the result obtained after deducting cost of sales and selling, general and administrative expenses from revenue.

Basic earnings per share Diluted earnings per share
FY2025 Q1
FY2024 Q1

Yen

Yen

48.66
43.44

48.54
43.32

(2) Consolidated Financial Position
Total assets

Equity attributable toowners of parent

Total equity

Ratio of owners' equity
to gross assets

Millions of Yen

Millions of Yen

Millions of Yen%

296,819314,219

168,188
168,314

166,381
166,423

56.1%
53.0%

FY2025 Q1
FY2024

2. Dividends
End of Q1Yen

FY2024FY2025
FY2025(Forecast)

Dividends Per Share
End of Q3

End of Q2
Yen――

Year-end

Total

Yen

Yen

Yen

45.00

―

55.00

100.00

50.00

―

50.00

100.00(Note) Revisions to the latest forecast of dividends: No

3. Consolidated Earnings Forecast for FY2025(from April 1, 2024 to March 31, 2025)(Percentage below represents increase (decrease) from previous year)

Revenue
FY2025

Operating profit

Profit attributable toowners of parent

Profit before tax

Basic earnings per share

Millions of Yen%

Millions of Yen%

Millions of Yen%

Millions of Yen%

Yen

385,000

4.0

35,5006.6

35,5003.9

24,500(3.0)

243.72(Note1) Revisions to the latest forecast of consolidated earnings: No(Note2)Adjusted operating profit (Full Year) 35,000 Million Yen (3.5%)

* Notes(1) Significant changes in the scope of consolidation during the period : No
(2) Changes in accounting policies and accounting estimates
1. Changes in accounting policies required by IFRS : Yes
2. Changes in accounting policies due to other reasons : No
3. Changes in accounting estimates : No
Note: For details, please refer to “2. Condensed Quarterly Consolidated Financial Statements and Material Notes, (5) Notes
about Condensed Quarterly Consolidated Financial Statements (Change in Material Accounting Policies)” on page 13.

(shares)(3) Number of shares outstanding (common stock)
1. Total number of issued shares at the end of the period(including treasury shares)

FY2025 Q1

109,663,524

FY2024

109,663,524

2. Number of treasury shares at the end of the period

FY2025 Q1

9,102,271

FY2024

9,101,382

3. Average number of shares outstanding (during the period)

FY2025 Q1

100,563,520 FY2024 Q1

100,501,483* Review of the Japanese-language originals of the attached Condensed Quarterly Financial Statements by certified public accountants oran audit firm : No
* Comments regarding appropriate usage of earnings forecast, and other special notes
The forward-looking statements such as earnings forecasts contained in this document are based on the information currently available to theCompany and certain assumptions which are regarded as legitimate. The Company makes no warranty as to the achievability of what is
described in the statements. Actual results may differ from these forecasts due to various factors.

(Appendix)

Contents
1. Results of Business Operations and Financial Conditions(1) Summary of Business Operations ............................................................................................................................. 2(2) Summary of Financial Conditions ............................................................................................................................ 4(3) Comments on the Consolidated Earnings Forecasts and Other Forecasts ................................................................ 4
2. Condensed Quarterly Consolidated Financial Statements and Material Notes .................................................................. 5(1) Condensed Quarterly Consolidated Statements of Financial Position ...................................................................... 5(2) Condensed Quarterly Consolidated Statements of Profit or Loss and Comprehensive Income ............................... 7(3) Condensed Quarterly Consolidated Statements of Changes in Equity ..................................................................... 9(4) Condensed Quarterly Consolidated Statements of Cash Flows ............................................................................... 11(5) Notes about Condensed Quarterly Consolidated Financial Statements .................................................................. 13(Notes on Going Concern Assumption) ............................................................................................................... 13(Change in Material Accounting Policies) ........................................................................................................... 13(Segment Information and Others) ....................................................................................................................... 141

1. 【Results of Business Operations and Financial Conditions】(1) Summary of Business Operations
For the first quarter of the fiscal year ending March 31, 2025, the Japanese economy continued to show signs ofgradual recovery partly based upon companies resuming capital investments.
We have continuously seen companies showing strong investment interests mainly in the field of digitaltransformation (DX) in the information services industry.
Investments in software products in the fiscal year under review are expected to increase compared with theprevious fiscal year, according to the Tankan Survey by Bank of Japan (BOJ) in June.
On the other hand, we are aware of the downturn in the overseas economies exerting downward pressure upon thedomestic economy. Furthermore, we foresee price increases and fluctuations in the financial and capital market likely
impacting companies’ investment appetites in the future.
In this environment, we have established the “Management Policies (2024-2026)” with an eye on realizing the“Vision 2030.” Note 1
We have set forth the basic policies to: increase corporate value by establishing a sustainable business portfolio;
optimize an allocation of management resources; and strengthen the Group’s management base. We will attempt toenhance business through core businesses (the existing revenue sources) in tandem with growth businesses (the new
foundations of revenue).
We aim to become a 1-trillion-yen corporate group by creating both social and economic value and by being acompany that the market and customers want to work with to resolve social issues.
Pursuant to the management policies, we have defined five focus areas in the core business: Financial, Retail,
Energy, Mobility, OT Infrastructure Note 2 where we can utilize our excellent customer base and our thoroughoperational and customer knowledge. In the Financial focus area among the focus areas, we enabled a new core system
mainly based upon BankVision® on Azure for the Saikyo Bank, Ltd. (hereinafter referred to as “Saikyo Bank”) inMay 2024. (BankVision® on Azure is an open core-banking system through the use of a public cloud service.)
BankVision, “full-banking” system based on the Windows platform has been used by many financial institutions
including regional banks. The system now serves its 11 th customer, Saikyo Bank.
BANK_FIT-NE®, next-generation system for bank branch offices and Resonatex®, open API platform began toserve the Saikyo Bank, Ltd., in collaboration with BankVision.
The solutions enable the bank to reduce cumbersome procedures that customers are faced with at branch offices,
improve productivity through reducing administrative duties, and benefit from seamless connections with a variety ofservices.
In the future, we will enhance and sophisticate system functions conducive to enabling IT strategies of offense anddefense at the financial institutions, the BankVision users, in addition to the existing initiatives related to BankVisionon Azure.
We have set forth the three areas, Market Development, Business Development and Global Initiatives for growthbusinesses. This is in line with our aiming to establish new revenue bases and provide value.
Our business development initiatives are exemplified by our beginning business collaboration with the Shoko
Chukin Bank, Ltd., as part of initiatives for regional revitalization, with an aim to promote DX at small and mediumsized companies.
Enhancing the value of small and medium-sized companies through promoting DX attempts is critical in light ofbenefiting the entire regions or even the entire nation.
This collaboration will enable the both companies to clarify issues and solutions in light of DX achievements at
small and medium-sized enterprises and escorting SMEs from implementing necessary measures to seeing themeasures taking root through providing support. The aim is to work side by side with SMEs and grow SMEs partly
through improving business efficiency and productivity at SMEs and even transforming their business models.
Our Global Initiatives attempts are exemplified through Nexus System Resources Co., Ltd. becoming ourconsolidated subsidiary in June 2024. The SAP solution provider in Thailand will be conducive to enhancing ourbusiness in the ASEAN area.
Nexus System Resources Co., Ltd. has thus joined Axxis Consulting Pte. Ltd. (providing SAP consulting services
in Singapore) and AFON IT Pte. Ltd. (providing ERP services in Singapore of our group). Through them, we willfurthermore enhance and strengthen our ERP services arrangements in the ASEAN area as well as support customers
in making attempts of overseas business development and DX attempts at their local entities.

2

We will strengthen the market competitiveness of our group as indicated in the Management Policies (2024-2026)
through: promoting human resources strategy, technical strategy, investment strategy, and financial strategy, incollaboration with the business strategies; strengthening management resources such as human resources; andenabling strategic allocations. Furthermore, we will monitor changes in the environments at home and abroad on ourradar; evolve value chains among the companies of the group; and coordinate the companies of our group. This will
enable us to attempt to increase the value that we provide to customers.
We will work on efforts to achieve as indicated in the Management Policies (2024-2026), with an eye on enabling
the Vision 2030.
(Notes)1. For more information on Vision 2030, and the Management Policies (2024-2026), please refer to the Group’s web page
below.
https://www.biprogy.com/e/about/management_policy.html
2.

OT is an abbreviation of Operational Technology. It refers to information system platform that supports design andmanufacture processes mainly for factories and plants.

3.

Names of companies or products herein described are trademarks or registered trademarks of their respective
organizations.

3For the first quarter of the fiscal year ending March 31, 2025, customers continuously showed strong interests in
DX investment. Revenue growth was enabled mainly by product sales and outsourcing. It amounted to ¥88,352
million, an increase of ¥8,498 million or 10.6% compared with the same period of the previous fiscal year.
Gross profit was driven by the revenue increase. It absorbed an increase in SG&A costs mainly composed of
temporary costs such as those for renewing core systems. As a result, operating income was ¥6,578 million, an increaseof ¥748 million or 12.8% on a year-over-year basis.
Profit attributable to owners of parent was ¥4,892 million, an increase of ¥527 million or 12.1 % compared withthe first quarter of the previous fiscal year.
Adjusted operating profit* that is used by the Company group as an index for managing performance was ¥6,326
million, up by ¥558 million or 9.7 % on a year-over-year basis.
(*) Adjusted operating profit is the result obtained after deducting cost of sales and selling, general andadministrative expenses from revenue.
(2) Summary of Financial Conditions① Summary of Assets, Liabilities and Equity
In the first quarter of the fiscal year under review, partly due to a decrease in trade receivables, total assets were¥296,819 million, a decrease of ¥17,399 million compared with the end of the previous fiscal year.
Liabilities were ¥128,631 million, a ¥17,274 million decrease from the end of the previous fiscal year, partly
due to a decrease in trade payables.
Equity was ¥168,188 million. Ratio of owners' equity to gross assets was 56.1%, up by 3.1 pts. from the end of
the previous fiscal year.
② Summary of Cash Flows
Cash and cash equivalents at the end of the first quarter of the fiscal year under review were ¥60,961 million,
an increase of ¥1,698 million compared with the end of the previous fiscal year. The cash flow situations andrelevant factors are stated below.
(Cash flows from operating activities)
Net cash provided by operating activities totaled ¥12,488 million (a decrease of ¥2,076 million in proceeds
compared with compared with the same quarter of the previous fiscal year).
This reflects proceeds of ¥7,129 million in profit before income taxes,
the elements of increasing the proceeds and the elements of decreasing the proceeds.
The factors increasing proceeds include ¥4,617 million in depreciation and amortization, non-cash expenses,
and a decrease of ¥29,686 million in trade and other receivables.
The factors decreasing the proceeds include a decrease of ¥10,281 million in trade and other payables.
(Cash flows from investing activities)
Net cash used in investing activities was ¥3,215 million (an increase of ¥1,090 million in expenditurescompared with the previous period).
This includes: expenditures of ¥703 million as a result of purchasing property, plant and equipment such as
computers for business activities, and expenditures of ¥2,047 million due to the acquisitions of intangible assets
such as the investments in software for outsourcing.
(Cash flows from financing activities)
Net cash used in the financing activities was ¥7,661 million (an increase of ¥1,391 million in expendituresfrom the previous period). This expenditure includes ¥2,343 million repayments of lease liabilities and dividends
payment of ¥5,468 million.
(3) Comments on the Consolidated Earnings Forecasts and Other Forecasts
The performance forecast on a consolidated basis has not been revised since it was announced on April 30, 2024.

42. Condensed Quarterly Consolidated Financial Statements and Material Notes(1) Condensed Quarterly Consolidated Statements of Financial Position(Millions of Yen)FY2024FY2025 Q1(As of March 31, 2024)(As of June 30, 2024)

AssetsCurrent assets
Cash and cash equivalents

59,26360,961

Trade and other receivables

87,44957,850Contract assets

10,79912,711Inventories

13,015

15,965

Other financial assets

1,214

1,398

Other current assets

16,172

19,597

Total current assets

187,914

168,484

Property, plant and equipment

13,486

13,432Right-of-use assets

13,438

11,938Goodwill

1,926

2,361

Intangible assets

31,212

31,438Investments accounted for using equity method

5,691

5,808

Other financial assets

41,94443,064

Deferred tax assets

8,844

8,414

Retirement benefit asset

2,584

2,593

Other non-current assets

7,176

9,281

Total non-current assets

126,304

128,334

314,219

296,819

Non-current assets

Total assets

5

(Millions of Yen)FY2024FY2025 Q1(As of March 31, 2024)(As of June 30, 2024)

Liabilities and equity
Liabilities
Current liabilities

Borrowings

33,22525,781
6,600

23,00633,137
6,599

Lease liabilities

8,584

8,347

Other financial liabilities

2,893

4,946

Income taxes payable

7,815

1,912

609

615

Other current liabilities

26,954

17,942

Total current liabilities

112,464

96,508Borrowings

14,125

14,130

Lease liabilities

6,235

4,927

Other financial liabilities

207

432

Retirement benefit liability

7,606

7,365

Provisions

4,942

4,906

323

360

Other non-current liabilities

1－

Total non-current liabilities

33,44032,122

145,905

128,631

Share capital

5,483

5,483

Capital surplus

15,00415,005

Treasury shares(13,226)(13,219)

8,556

9,182

Retained earnings

150,605

149,930

Total equity attributable to owners of parent

166,423

166,381

1,890

1,806

168,314168,188314,219

296,819

Trade and other payables
Contract liabilities

Provisions

Non-current liabilities

Deferred tax liabilities

Total liabilities
EquityOther components of equity

Non-controlling interests
Total equity
Total liabilities and equity6(2) Condensed Quarterly Consolidated Statements of Profit or Loss and Comprehensive Income(Condensed Quarterly Consolidated Statements of Profit or Loss)(Millions of Yen)FY2024 Q1

FY2025 Q1(Three months ended
June 30, 2023)(Three months ended
June 30, 2024)

Revenue

79,85488,352

Cost of sales

59,451

66,715Gross profit

20,402

21,636

Selling, general and administrative expenses

14,634

15,310133

214

Share of profit (loss) of investments accounted for using equity method
Other income

18

67

Other expenses

90

30

Operating profit

5,829

6,578

Finance income

645

600

Finance costs

39

48

Profit before tax

6,434

7,129

Income tax expense

2,027

2,245

Profit

4,407

4,883

4,365

4,892

41

(9)

4,407

4,883

Basic earnings per share (Yen)

43.44

48.66

Diluted earnings per share (Yen)

43.32

48.54

Profit attributable to
Owners of parent
Non-controlling interests
ProfitEarnings per share

7

(Condensed Quarterly Consolidated Statements of Comprehensive Income)(Millions of Yen)

ProfitFY2024 Q1

FY2025 Q1(Three months ended
June 30, 2023)(Three months ended
June 30, 2024)

4,407

4,883

Net change in fair value of equity instruments designated asmeasured at fair value through other comprehensive income

2,415

362

Total of items that will not be reclassified to profit or loss

2,415

362

Exchange differences on translation of foreign operations

41

150

Share of other comprehensive income of investments accounted forusing equity method

37

84

Total of items that may be reclassified to profit or loss

79

235

2,495

597

6,903

5,481

6,861

5,484

Non-controlling interests

41

(2)

Comprehensive income

6,903

5,481

Other comprehensive income
Items that will not be reclassified to profit or loss

Items that may be reclassified to profit or loss

Other comprehensive income, net of tax
Comprehensive income

Comprehensive income attributable to
Owners of parent

8

(3) Condensed Quarterly Consolidated Statements of Changes in Equity
FY2024 Q1 (Three months ended June 30, 2023)(Millions of Yen)
Equity attributable to owners of parent
Other components of equity

As of April 1, 2023

Financial assets
measured atfair value
through othercomprehensive
incomeShare capital

Capital surplus

Treasury shares

5,483

14,955(13,315)

7,447

－

－

－

2,415

456

Share of othercomprehensive
income ofinvestments
accounted forusing equity
method
18

－

37

Share
acquisitionrightsProfitOther comprehensive income
Comprehensive income

2,415

37

Dividends of surplus
Purchase of treasury shares(0)

Disposal of treasury shares

(0)

1

(1)

Obtaining of control of subsidiaries
Transfer from other components of equity toretained earnings

(737)

Other
Total transactions with owners
As of June 30, 2023

－

(0)

1

(737)

(1)

－

5,483

14,955(13,314)

9,126

454

55

Equity attributable to owners of parent
Other components of equity
Exchangedifferences ontranslation offoreign
operations
As of April 1, 2023

Retainedearnings

Total

381

8,302

41

2,495

41

2,495

ProfitOther comprehensive income
Comprehensive income

Total

124,460
4,365

Dividends of surplus

Noncontrollinginterests

Total equity

139,887

1,710

4,365

41

2,495
4,365

6,861

41

6,903

(4,020)(145)(4,165)

(0)
(1)

(0)

0

Obtaining of control of subsidiaries

0136

Transfer from other components of equity toretained earnings

(737)

737

Other

4,407
2,495

(4,020)Purchase of treasury shares
Disposal of treasury shares

141,597

136
－

(2)

(2)

Total transactions with owners

－

(738)

(3,285)(4,022)(8)(4,031)

As of June 30, 2023

422

10,059125,541

142,725

1,744

144,470

9(2)

FY2025 Q1 (Three months ended June 30, 2024)(Millions of Yen)
Equity attributable to owners of parent
Other components of equity

As of April 1, 2024

Financial assets
measured atfair value
through othercomprehensive
incomeShare capital

Capital surplus

Treasury shares

5,483

15,004(13,226)

7,383

－

－

－

362

413

Share of othercomprehensive
income ofinvestments
accounted forusing equity
method
104

－

84

Share
acquisitionrightsProfitOther comprehensive income
Comprehensive income

362

84

Dividends of surplus
Purchase of treasury shares(0)

Disposal of treasury shares

0

7

(8)

Obtaining of control of subsidiaries
Transfer from other components of equity toretained earnings

42

Other
Total transactions with owners
As of June 30, 2024

－

0

7

42

(8)

－

5,483

15,005(13,219)

7,788

405

189

Equity attributable to owners of parent
Other components of equity
Exchangedifferences ontranslation offoreign
operations
As of April 1, 2024

655

Retainedearnings

Total

8,556

ProfitOther comprehensive income
Comprehensive income

144

591

144

591

Dividends of surplus

Total

Total equity

150,605

166,423

1,890

168,314

4,892

4,892

(9)

4,883

591

6

597

4,892

5,484

(2)

5,481

(5,530)(5,530)(148)(5,679)Purchase of treasury shares
Disposal of treasury shares

Noncontrollinginterests

(8)

(0)

(0)

0

0

Obtaining of control of subsidiaries

67

Transfer from other components of equity toretained earnings

42

(42)

Other

67
－

5

5

Total transactions with owners－

34(5,568)(5,525)(81)(5,607)

As of June 30, 2024

799

9,182

149,930

166,381

1,806

168,188105

(4) Condensed Quarterly Consolidated Statements of Cash Flows(Millions of Yen)FY2024 Q1

FY2025 Q1(Three months ended
June 30, 2023)(Three months ended
June 30, 2024)

Cash flows from operating activities
Profit before tax

6,434

7,129

Depreciation and amortization

4,359

4,617

1

28

(209)

(228)

Impairment losses
Interest and dividend income
Interest expenses
Share of loss (profit) of investments accounted for using equity method
Decrease (increase) in trade and other receivables

36

39

(133)

(214)

26,59829,686

Decrease (increase) in contract assets

755(1,911)

Decrease (increase) in inventories(2,694)(2,948)

Increase (decrease) in trade and other payables(8,830)(10,281)

Increase (decrease) in contract liabilities

5,875

7,058

Increase or decrease in retirement benefit asset or liability

(346)

(276)

Other

(12,009)(13,110)

Subtotal

19,836

19,588Interest and dividends received

211

253

Interest paid

(25)

(28)

Income taxes paid

(5,456)(7,324)

Net cash provided by (used in) operating activities

14,565

12,488

(537)

(703)

Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets－

1(2,781)(2,047)Purchase of investment securities

(761)

(399)

Proceeds from sale of investment securities

2,888

－

Payments for acquisition of subsidiaries

(930)

(140)

(4)

－

Purchase of investments accounted for using equity method
Other
Net cash provided by (used in) investing activities

11

1

72

(2,125)(3,215)

(Millions of Yen)FY2024 Q1

FY2025 Q1(Three months ended
June 30, 2023)(Three months ended
June 30, 2024)

Cash flows from financing activities
Repayments of lease liabilities(2,192)(2,343)

Dividends paid

(3,967)(5,468)

(145)

(148)

36

299

(6,269)(7,661)

15

86

Net increase (decrease) in cash and cash equivalents

6,186

1,698

Cash and cash equivalents at beginning of period

43,64559,263

Cash and cash equivalents at end of period

49,83160,961Dividends paid to non-controlling interests
Other
Net cash provided by (used in) financing activities
Effect of exchange rate changes on cash and cash equivalents12(5) Notes about Condensed Quarterly Consolidated Financial Statements(Notes on Going Concern Assumption)
None applicable(Change in Material Accounting Policies)
The material accounting policies adopted for the Condensed Quarterly Consolidated Financial Statements are
the same as those for the Consolidated Financial Statements for the fiscal year ended March 31, 2024, except for
the following standard.
The income taxes for the first quarter of the fiscal year ending March 31, 2025 are calculated based on theestimated annual effective tax rate.
Standard
Standard
New and Revision ContentsDocument
Name
Clarify accounting after the date of the transaction for a sale and
IFRS 16
Lease
leaseback
There was no material impact on the Condensed Quarterly Consolidated Financial Statements for the firstquarter resulting from the adoption of the standard above.

13

(Segment Information and Others)(1) Overview of reportable segments
The reportable segments of the Company are those among the constituent units of the Company for which
separate financial statements can be obtained and which are regularly examined by the Board of Directors for
decisions on the allocation of management resources and for assessing business performance.
By fully harnessing the collective capabilities of the Group, the Company provides comprehensive IT
solution services, from identifying customers' management issues to providing solutions to them.
The Company's operations therefore consist of segments composed of products and services that
constitute our IT solution services.
We have five reportable segments: System Services, Support Services, Outsourcing, Software, andHardware.
Details of the reportable segments are as follows:• System Services: Software contract development business, system engineer services, and consulting• Support Services: Software and hardware maintenance, installation support and related services• Outsourcing: System operation by contract, and related services• Software: Provision of software based on software license agreements• Hardware: Provision of hardware partly based on equipment sales agreements(2) Information about performance by reportable segment
FY2024 Q1 (Three months ended June 30, 2023)
Reportable segment
Other(Note 1)

SystemServices

SupportServicesOutsourcing

SoftwareHardware

Revenue

28,086

12,71818,616

7,796

10,076

77,295

2,558

Segment profits (Note 3)
Share of profit (loss) ofinvestments accounted
for using equity method
Other income
Other expense
Operating profit
Finance income
Finance costs
Profit before tax

9,690

3,872

4,024

422

1,806

19,816585

Total(Million Yen)
Amountrecorded in the
Adjustment
Total
consolidated(Note 2)
financialstatements
79,85479,854－
20,402(14,634)

5,767
133
18
90
5,829
645
39
6,434

(Note)
1.

The Other category is a business segment that is not included in the reportable segments. It includes network services and installation.

2.

The adjustment to segment profits represents selling, general and administrative expenses that have not been distributed to each segment.

3.

Segment profits are represented by adjusted operating profit which is the result of deducting cost of sales and selling, general andadministrative expenses from revenue.

14

FY2025 Q1 (Three months ended June 30, 2024)

SystemServices

SupportServicesOutsourcing

SoftwareHardware

Revenue

28,438

13,686

21,432

9,629

12,53785,723

2,628(Million Yen)
Amountrecorded in the
Adjustment
Total
consolidated(Note 2)
financialstatements
88,35288,352－

Segment profits (Note 3)
Share of profit (loss) ofinvestments accounted
for using equity method
Other income
Other expense
Operating profit
Finance income
Finance costs
Profit before tax

9,362

4,541

4,014

762

2,356

21,036600

21,636

Reportable segment
Total

Other
(Note 1)

(15,310)

6,326
214
67
30
6,578
600
48
7,129

(Note)
1.

The Other category is a business segment that is not included in the reportable segments. It includes network services and installation.

2.

The adjustment to segment profits represents selling, general and administrative expenses that have not been distributed to each segment.

3.

Segment profits are represented by adjusted operating profit which is the result of deducting cost of sales and selling, general andadministrative expenses from revenue.

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