The following information was originally prepared and published by the Company in Japanese as it contains timely disclosurematerials to be submitted to the Tokyo Stock Exchange. This English translation is for your convenience only. If there is any
discrepancy between this English translation and the original Japanese version, please refer to the Japanese version.

Summary of Financial Statements for the Third Quarter of the
Fiscal Year Ending December 31, 2021 [IFRS] (Consolidated)
November 8, 2021
Broadleaf Co., Ltd
Stock listing:Tokyo Stock Exchange 1st Section
Representative:
Kenji Oyama, Representative Director and President
Scheduled Commencement Date of Dividend Payout:
Earnings Supplementary Explanatory Documents:
Yes
Earnings Results Briefing:
Yes (For institutional investors and analysts)(Figures are rounded to the nearest million yen)
1. Consolidated Financial Results for the First Nine Months of FY2021 (From January 1, 2021 to September 30, 2021)(1) Consolidated Operating Results (Cumulative)(Percentage below represents increase (decrease) from the same period of previous year)
Revenue

3Q FY2021

Millions ofyen
15,1813Q FY2020

15,544

Operating profit

Profit before tax

Profit attributable to Total comprehensive
owners of the parent
incomeProfitMillions of
yen
-2.3
2,342

Millions of
yen
-18.2
2,340

Millions of
yen
-16.9
1,501

Millions of
yen
-19.5
1,500

Millions of
yen
-19.6
1,566

-10.1

-7.7

-19.5

-20.1

-19.5

-19.5

-21.7

%

2,864

Basic earnings per share

%

2,815

%

1,866

%

1,867

%

1,741

%

Diluted earnings per share
Yen

Yen

3Q FY2021

17.07

16.78

3Q FY2020

21.33

20.98

(2) Consolidated Financial Position

Millions of yen

Millions of yen

Millions of yen

Percentage of equity
attributable to owners of theparent%End of 3Q FY2021

33,88825,40525,40575.0

End of FY2020

32,27424,602

24,60076.2

Total assets

Equity attributable to ownersof the parent

Total equity

2. Dividend Status
Dividend per share
End of 1Q

InterimEnd of 3Q

Year-end

Total

Yen

Yen

Yen

Yen

Yen

FY2020

-

6.60

-

6.60

13.20

FY2021

-

4.00

4.00

8.00

FY2021 (forecast)(NOTE) Revisions to the latest announced dividend forecasts: None
3. Consolidated Earnings Forecasts for FY2021 (From January 1, 2021 to December 31, 2021)(Percentage below represents increase (decrease) from the same period of previous year)
Revenue

FY2021Millions ofyen
20,350Operating profit%-3.8

Millions of
yen
2,600

Profit before tax
%

-37.1

(NOTE)Revisions to the latest announced earnings forecasts: None

Millions of
yen
2,580

%
-32.5

Profit attributable to
Basic earnings per shareowners of the parent
Millions of
%
Yen
yen
1,640
-33.5
18.66

* Notes(1) Changes in significant subsidiaries during the current period (changes in specified subsidiaries with changes in the scope of
consolidation): None
(2) Changes in accounting policies and changes in accounting estimates
1. Changes in accounting policies required by IFRS: None
2. Other changes in accounting policies: None
3. Changes in accounting estimates: None
(3) Number of shares outstanding (common stock)
1. Number of shares outstanding (including
treasury shares)

3Q FY2021

97,896,800 Shares

FY202097,896,800 Shares

2. Number of shares of treasury shares

3Q FY2021

9,901,018 Shares

FY2020

10,313,058 Shares

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

3Q FY2021

87,873,220 Shares

3Q FY2020

87,511,414 Shares* Summary of financial statements is outside the scope of audit procedures by certified public accountants and audit firm.
* Comments regarding appropriate usage of earnings forecasts, and other special notes(Notes on forward-looking statements)
The forward-looking statements such as earnings forecasts contained in this document are based on the information currently
available to the Company and certain assumptions which are regarded as legitimate. The Company makes no warranty as to theachievability of what is described in the statements. Actual results may differ from these forecasts due to various factors.
(Availability of earnings supplementary explanatory documents and information on earnings results briefings)
The Company plans to hold an earnings results briefing for institutional investors and analysts on November 8, 2021, in theform of a telephone conference. The materials used at the meeting will be posted on its website.

○Table of Contents of Attached Material
1. Qualitative Information on Operating Results, etc. for the First Nine Months Ended September 30, 2021 ............................

2(1) Qualitative information on financial results ........................................................................................................................

2(2) Qualitative information on financial position ............................................................................... ......................................

3(3) Qualitative information on consolidated earnings forecasts ...............................................................................................

3

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

4(1) Consolidated statements of financial position ............................................................................................ .........................

4(2) Consolidated statements of income ............................................................................................................................. ........

5(3) Consolidated statements of comprehensive income ............................................................................................................

6(4) Consolidated statements of changes in equity .............................................................................................. .......................

7(5) Consolidated statements of cash flows ............................................................................................................................. ...

9(6) Notes regarding consolidated financial statements .............................................................................................................

11(Notes on going concern) ........................................................................................................................................... .......

11(Segment information) ....................................................................................................... ...............................................

11

-1-

1.Qualitative Information on Results for the First Nine Months Ended September 30, 2021
(1) Qualitative information on financial results
During the first nine months of the current fiscal year (from January 1, 2021 to September 30, 2021), even though the situation
remained severe due to the impact of COVID-19, the Japanese economy showed signs of recovery partly due to the improvementsin overseas economies and influences of various policies including the thorough infection control and promotion of vaccination.
However, the situation remains unpredictable due to the impact of future infectious trends on domestic and overseas economies
and the need to closely monitor changes in financial and capital markets.
In the information technology services industry to which the Group belongs, corporate investment in DX (Digital
Transformation) is expanding toward the realization of "new working styles" which include telework and contactless work, so
the DX-related market continues to be favorable. On the other hand, against the backdrop of uncertain economic outlook, there
is a cautious stance toward new investments in non-strategic areas, so IT investment demand varies according to the area. In
addition, due to the tight supply-demand balance of semiconductors caused by COVID-19 and its impact on the supply chain,supply of some hardware including PCs has become unstable, so the situation needs to be closely monitored.
Under such environment, the Group continues its activities to contribute to the business continuity and business creation of its
clients based on the spirit of "Gratitude and Happiness," which is its corporate philosophy. In the first nine months of the current
fiscal year, in addition to sales of business software, the Group expanded DX solutions such as groupware to support its clients'
DX. The Group also sought to encourage more clients to adopt its business software by transition of business software sales tomonthly subscription contracts and improvement of convenience at the time of installation.
The transition to monthly subscription contracts will not only stabilize the Group's revenue but will also provide medium tolong term growth. However, the first nine months of the current fiscal year were in the early stages of transition, so it led to a
decline in revenue. On the other hand, since the Group strengthened its proposal capabilities to support its clients' DX, DX
solution sales and other various monthly sales including network usage fees and support service fees, which are supplementary
services for business software, increased. In terms of costs, the Group continued to invest in the development of next-generation
business software, and actively conducted online promotions such as webinars.
As a result, in the first nine months of the current fiscal year (from January 1 to September 30, 2021), the Group posted revenueof 15,181 million yen (down 2.3% year-on-year), operating profit of 2,342 million (down 18.2% year-on-year), profit before taxof 2,340 million yen (down 16.9% year-on-year), profit attributable to owners of the parent of 1,500 million yen (down 19.6%
year-on-year).
The Group has a single business segment which consists of IT services. A breakdown of revenue by categories is shown in thetable below.
(Millions of yen)First nine months of FY2020(From January 1, 2020
to September 30, 2020)

First nine months of FY2021(From January 1, 2021
to September 30, 2021)

Platform

7,747

8,493

9.6%

Application

7,797

6,687

-14.2%

15,544

15,181-2.3%

Category

Total

YoY ratio(NOTE) In the first nine months of the current fiscal year, the Group changed revenue categories in order to clarify the
progress of its growth strategy in launching the new cloud-based model, ".c Series." Figures for the first nine monthsof the previous fiscal year have also been recomposed.

-2-(2) Qualitative information on consolidated financial position(i) Analysis of financial condition(Assets)
Assets at the end of the third quarter of the current fiscal year increased by 1,614 million yen from the end of previous
consolidated fiscal year to 33,888 million yen. Current assets increased by 312 million yen to 8,064 million yen, and noncurrent assets increased by 1,302 million yen to 25,824 million yen. The increase in current assets was mainly due to anincrease of operating and other receivables 676 million yen, despite decreases of 203 million yen in cash and cash equivalents
and 197 million yen in inventories. The increase in non-current assets was mainly due to an increase of 1,519 million yen in
intangible assets.
(Liabilities)
Liabilities at the end of the third quarter of the current fiscal year increased by 811 million yen from the end of previous
consolidated fiscal year to 8,483 million yen. Current liabilities increased by 1,045 million yen to 7,478 million yen, while
non-current liabilities decreased by 234 million yen to 1,005 million yen. Current liabilities increased mainly due to an increaseof 2,394 million yen in short-term interest-bearing debts, despite decreases of 508 million yen in income taxes payable, 425
million yen in other current liabilities, and 224 million yen in contract liabilities. The decrease in non-current liabilities was
mainly due to a decrease of 312 million in long-term interest-bearing debts, despite an increase of 42 million in other noncurrent liabilities and 25 million in deferred tax liabilities.
(Equity)
At the end of the third quarter of the current fiscal year, equity increased by 803 million yen from the end of previous
consolidated fiscal year to 25,405 million yen. The increase in equity was mainly due to an increase of 578 million yen inretained earnings and a decrease of 118 million yen in treasury shares.
(ii) Analysis of cash flows
Cash and cash equivalents ("cash") at the end of the third quarter of the current fiscal year decreased by 203 million yen fromthe end of previous consolidated fiscal year period to 3,029 million yen.
The status of each cash flow and its factors in the first nine months of the current fiscal year are as follows.
(Cash flow from operating activities)
Cash from operating activities was 1,413 million yen (down 33.2% year-on-year). This was mainly due to profit before taxof 2,340 million and depreciation and amortization expense of 1,695 million, despite income taxes paid of 1,339 million and anincrease of 685 million in operating and other receivables.
(Cash flow from investment activities)
Cash used in investing activities was 2,329 million yen (up 20.1% year-on-year). This was mainly due to acquisition of
intangible assets of 2,462 million yen.
(Cash flow from financing activities)
Cash from financing activities was 711 million yen (cash flow used in financing activities was 441 million yen in the same
period of the previous fiscal year). This was mainly due to a net increase of 2,401 million yen in short-term loans payable,
despite cash dividends paid of 930 million yen and repayments of lease obligations of 670 million yen.
(3) Qualitative information on consolidated earnings forecasts
There is no change in consolidated earnings forecasts from the earnings forecasts announced in the "Notice of Revisions toConsolidated Earnings Forecasts and Dividend Forecasts " on July 28, 2021.

-3-2. Consolidated Financial Statements and Major Notes(1) Consolidated statements of financial position(Thousands of yen)
End of FY2020(As of December 31, 2020)

End of 3Q FY2021(As of September 30, 2021)

AssetsCurrent assets
Cash and cash equivalents
Operating and other receivables

3,232,409
3,797,819

3,029,310
4,474,308

Inventories
Other current financial assets

355,682
55,000158,482
5,000

Other current assets

311,078

396,890

Total current assets

7,751,988

8,063,990

Property, plant and equipment
Goodwill

1,822,803
11,802,504

1,496,508
11,802,504

Intangible assets
Investments accounted for using equity method

8,425,546
95,703

9,944,536
91,422Other non-current financial assets
Other non-current assets

1,420,760
175,836

1,446,239
267,514

Non-current assets

Deferred tax assets

778,783

775,323

24,521,935

25,824,047

32,273,923

33,888,037

3,538,577
612,4133,453,169
387,957

Short-term interest-bearing debts
Accrued income taxes

748,408
554,956

3,142,144
46,466

Other financial liabilities
Other current liabilities

105,529872,547447,978

Total current liabilities

6,432,430

7,477,714

Non-current liabilities
Long-term interest-bearing debts

787,905

475,959

Obligations for retirement pay
Provisional sum

172,196
139,102

178,836
143,568

Deferred tax liabilities
Other non-current liabilities

139,825-

165,164
41,555

Total non-current liabilities

1,239,027

1,005,083

7,671,457

8,482,797

7,147,905

7,147,905

Share premium
Treasury Shares

7,215,824-3,403,618

7,291,792-3,285,446

Retained earnings
Other components of equity

13,265,826
374,078

13,843,439
407,550

Total equity attributable to owners of the parent
Non-controlling interests

24,600,015
2,451

25,405,240-

Total equity

24,602,466

25,405,240

32,273,923

33,888,037

Total non-current assets
Total assets
Liabilities and equity
Liabilities
Current liabilities
Operating and other payables
Contract liabilities

Total liabilities
EquityCapital stock

Liabilities and Total equity-4-(2) Consolidated statements of income(Thousands of yen)First nine months of FY2020(From January 1, 2020
to September 30, 2020)

First nine months of FY2021(From January 1, 2021
to September 30, 2021)

Revenue
Cost of sales

15,543,548-4,549,844

15,180,678-4,309,411

Gross profit
Selling, general and administrative expenses

10,993,704-8,173,495

10,871,267-8,555,879

51,254-7,14534,424-7,403Operating profit

2,864,318

2,342,409

Finance income
Financing cost

35,025-59,997

41,971-38,061

Share of profit (loss) of investments accounted for using
equity method-24,704-6,302

Profit before tax
Income tax

2,814,642-948,676

2,340,018-838,735

Profit

1,865,966

1,501,283

Profit attributable to
Owners of the parent

1,866,625

1,499,854

Other operating revenue
Other operating expenses

Non-controlling interests
Profit

-659

1,429

1,865,966

1,501,283

21.33
20.98

17.07
16.78

Earnings per share
Basic earnings per share (yen)Diluted earnings per share (yen)-5-(3) Consolidated statements of comprehensive income(Thousands of yen)First nine months of FY2020(From January 1, 2020
to September 30, 2020)
ProfitFirst nine months of FY2021(From January 1, 2021
to September 30, 2021)

1,865,966

1,501,283-123,993

66,225-123,993

66,225-517-1,902

-21

521

-538

-1,381-124,531

64,844

1,741,435

1,566,128

Owners of the parent
Non-controlling interests

1,742,094-659

1,564,698
1,429

Profit

1,741,435

1,566,128

Other comprehensive income
Items that will not be reclassified to profit or loss
Net change in fair value of financial assets of equity
nature measured at fair value through othercomprehensive income
Total items that will not be reclassified to profit or loss
Items that may be reclassified to profit or loss
Exchange differences on translating foreign operations
Share of other comprehensive income of associates
accounted for using the equity method
Total items that may be reclassified to profit or loss
Total other comprehensive income, net of tax
Comprehensive income
Comprehensive income attributable to-6-(4) Consolidated statements of changes in equity
First nine months of FY2020 (From January 1, 2020 to September 30, 2020)(Thousands of yen)
Equity attributable to owners of the parent
Other components of equity
Capital stockSharepremium

Treasury
SharesRetainedearnings

7,147,905

7,199,403-3,456,820

11,928,868

537,744-14,000

Profit

---1,866,625--

Other comprehensive income

-

-

-

-

-

-

Total comprehensive income

-

-

-

1,866,625--

Disposal of treasury shares

-

2,279

12,917--18,899-

Dividends----1,146,294--

Share-based payment transactions-

14,142

41,857-

169,968-14,000-

16,421

54,774-1,146,294

151,069-14,000

7,147,905

7,215,824-3,402,046

12,649,199

688,813-28,000

Balance as of January 1, 2020

Total transactions with owners
Balance as of September 30, 2020

Shares withrestriction ontransfer

Warrants(Thousands of yen)
Equity attributable to owners of the parent
Other components of equity
Net change
in fair valueof financial
assets ofequitynaturemeasured atfair value
throughothercomprehensi
ve incomeExchangedifferencesontranslating
foreign
operations

Balance as of January 1, 2020

Total

Total

Noncontrollinginterests

Total equity-44,269-81,903397,573

23,216,929

2,697

23,219,626

-

-

-

1,866,625-659

1,865,966-538-123,993-124,531-124,531--124,531

Total comprehensive income-538-123,993-124,531

1,742,094-659

1,741,435

Disposal of treasury shares---18,899-3,704--3,704

Dividends----1,146,294--1,146,294

Share-based payment transactions--

155,968

211,968-

211,968--

137,069-938,030--938,030-44,807-205,896

410,11124,020,993

2,038

24,023,031

ProfitOther comprehensive income

Total transactions with owners
Balance as of September 30, 2020-7-

First nine months of FY2021 (From January 1, 2021 to September 30, 2021)(Thousands of yen)
Equity attributable to owners of the parent
Other components of equity
Capital stockSharepremium

TreasurysharesRetainedearnings

7,147,905

7,215,824-3,403,618

13,265,826

724,241-14,000

Profit---1,499,854--

Other comprehensive income

-

-

-

-

-

-

Total comprehensive income

-

-

-

1,499,854--

Disposal of treasury shares-

105,560

118,172--171,167-

Dividends----930,035--

Share-based payment transactions

-

-

-

7,794

153,794-14,000

Changes in ownership interest in
subsidiaries--29,592

-

-

-

-

-

75,968118,172-922,242-17,373-14,000

7,147,905

7,291,792-3,285,446

13,843,439

706,868-28,000

Balance as of January 1, 2021

Total transactions with owners
Balance as of September 30, 2021

Shares withrestriction ontransfer

Warrants(Thousands of yen)
Equity attributable to owners of the parent
Other components of equity

Exchangedifferencesontranslating
foreign
operations

Net change
in fair valueof financial
assets ofequitynaturemeasured atfair value
throughothercomprehensi
ve income-47,026-289,136

374,078---1,381

Total comprehensive income

Noncontrollinginterests

Total equity

24,600,015

2,451

24,602,466-

1,499,854

1,429

1,501,283

66,22564,84464,844-64,844-1,381

66,22564,844

1,564,698

1,429

1,566,128

Disposal of treasury shares---171,167

52,565-52,565

Dividends----930,035--930,035

Share-based payment transactions--

139,795

147,588-

147,588

Changes in ownership interest in
subsidiaries

-

-

-

-29,592-3,880-33,472---31,373-759,474-3,880-763,354-48,408-222,911

407,550

25,405,240-

25,405,240

Balance as of January 1, 2021
ProfitOther comprehensive income

Total transactions with owners
Balance as of September 30, 2021

-8-

Total

Total

(5) Consolidated statements of cash flows(Thousands of yen)First nine months of FY2020(From January 1, 2020
to September 30, 2020)

First nine months of FY2021(From January 1, 2021
to September 30, 2021)

Cash flow from operating activities
Profit before tax

2,814,642

2,340,018

Depreciation and amortization expense

1,586,105

1, 694,753

Share-based payment expense

208,440

192,358

Finance costs (income)

24,972405

Equity in loss (earnings) of affiliates

24,7046,302-357,609-684,639

69,069197,477-376,117-144,805

Decrease (increase) in operating and other receivables
Decrease (increase) in inventories
Increase (decrease) in operating and other payables
Decrease (increase) in prepaid expenses

32,816-85,114

Decrease (increase) in long-term prepaid expenses

30,004-50,924

Increase (decrease) in employees' bonuses payable-344,870-280,518

Increase (decrease) in contract liabilities-339,823-224,456

Increase (decrease) in consumption taxes payable

140,578-211,958

Other, net

42,246

6,199

Subtotal

3,555,156

2,755,098

3,261

4,281

Interest received
Dividend received

1,839

2,033

Interest expenses paid

-7,773-8,641

Income taxes refunded (paid)-1,438,022-1,339,431

Cash flow from operating activities

2,114,461

1,413,340-9-

(Thousands of yen)First nine months of FY2020(From January 1, 2020
to September 30, 2020)

First nine months of FY2021(From January 1, 2021
to September 30, 2021)

Cash flow from investing activities
Acquisition of property, plant and equipment-13,112-30,746-1,834,343-2, 461,573-63,636-490--51,100-600

Collection of loans receivable

6,296

156,026

Payments for lease and guarantee deposits-7,423-12,995

Proceeds from collection of lease and guarantee deposits

2,519

9,548

Acquisition of intangible assets
Acquisition of investments
Proceeds from sales and redemption of investments
Loan advances

Other, net

21,886

11,338-1,938,424-2,329,002

Net increase (decrease) in short-term loans payable

1,400,000

2,401,000

Repayment of lease obligations-691,055-670,358-1,146,294-930,035

1,500

-

-

-33,472

Expenses related to commitment lines-4,898-56,263

Cash flow from financing activities-440,746

710,871

133

1,693

Cash flow from investing activities
Cash flow from financing activities

Cash dividends paid
Proceeds from sales of treasury shares
Payments from changes in ownership interests in
subsidiaries that do not result in change in scope of
consolidation

Impact of exchange fluctuations for cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents-264,576-203,098

Cash and cash equivalents at beginning of term

3,033,768

3,232,409

Balance of cash and cash equivalents at the end of theperiod2,769,192

3,029,310- 10 -

(6) Notes regarding consolidated financial statements(Notes on the going concern)
Not applicable.
(Segment Information)
This information is omitted because the Group only has a single business segment of the IT services.

- 11 -