GMO Internet Group, Inc.
Financial Results Briefing for the Fiscal Year Ended December 2022
February 13, 2023

Event Summary[Company Name]

GMO Internet Group, Inc.

[Company ID]

9449-QCODE[Event Language]

JPN[Event Type]Earnings Announcement[Event Name]

Financial Results Briefing for the Fiscal Year Ended December 2022

[Fiscal Period]

FY2022 Q4[Date]

February 13, 2023

[Number of Pages]

48[Time]

16:00 – 16:47(Total: 47 minutes, Presentation: 47 minutes)[Venue]Webcast[Venue Size][Participants][Number of Speakers]

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Masatoshi Kumagai
Masashi Yasuda

North America
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Founder, Chairman, and Group CEO
Director, Executive Vice President and Group
CFO, Deputy to Group CEO

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Presentation
Moderator: Hello everyone. Thank you very much for taking time out of your busy schedules to join us today
for GMO Internet Group, Inc.'s financial results briefing. We are pleased to announce the speakers for today's
briefing. Mr. Masatoshi Kumagai, Chairman of the Board and Group President, and Mr. Masashi Yasuda,
Executive Vice President, are attending today's briefing. An outline of the financial results will be followed bya question-and-answer session.

Before the presentation, we will explain the changes to the recording rules. The accounting standards forrevenue recognition have been applied from the current fiscal year, resulting in a change in the rule forrecording sales.
In this document, figures before the rule change are shown as the old standard and those after the application
as the new standard. Our approach to sales and operating income is described here.

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Now, regarding YoY comparisons, we will use the same yardstick, the old standard, to compare the affected
sectors, namely consolidated, infrastructure, and advertising and media, in order to accurately convey thereality of the business.
A comparison of the old and new standards can be found in the appendix. In addition, comparative
calculations are made for the old and new standards for divisions with minor effects.
President Kumagai will now begin the explanation.

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Kumagai: Hello everyone. I am Masatoshi Kumagai, President of GMO Internet Group. Thank you very muchfor joining us today despite your busy schedules.
I will now explain the financial results for FY2022. The agenda is as shown.

Performance forecast summary. The numbers are as you can see.
Both the old and new standards achieved their best results, and the Company posted its 14th consecutive
fiscal year of sales and profit growth.
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4This 14th consecutive fiscal year of sales and profit growth is a single-digit record among the nearly 4,000
listed companies in Japan. All of our partners, we call our employees our partners, are proud of this record
and would like to share it with you.
Now, the final profit has decreased due to the extraordinary loss on GMO Aozora Net Bank shares and otherfactors.

The following is a summary for each segment. I, Kumagai, would like to present my personal qualitativeevaluation together with that of the previous year.
Infrastructure is a double circle that means very good. We have recorded our highest financial results forseven consecutive fiscal years. This business embodies the Group's strengths: a collection of overwhelmingly
number one services and a bedrock stock profit business model.
Advertising and media are likewise double-circled. This is the first time in nine fiscal years that the Company
has achieved a new record performance. Our efforts to strengthen our organization and shift to our own
products and media have been reflected in our figures. We believe that we are now in a situation where wecan proudly say that we have achieved a V-shaped recovery.
The financial business is a single circle that means good. Both sales and profit decreased. FX is a triangle thatmeans fair. Although transaction volume expanded due to the one-way weak yen exchange rate, profitability
was an issue. The improvement effects of the measures taken in Q4 are becoming evident. CFD is a single
circle. It has grown to become our second mainstay product after FX. Overseas is an X that means poor. The
Company will record a JPY3.5 billion allowance for doubtful accounts due to transactions suspected of being
unfair in the securities business in Thailand. In this matter, we will further strengthen our risk management
system and do our utmost to supervise the restructuring by all possible means.
The crypto asset business is a triangle. Sales declined and losses were recorded from the previous year, when
the business was booming. The number of accounts and share of transactions in the exchange businessdeveloped by GMO Coin has remained steady. On the other hand, the market environment has been difficult

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5and transaction volume has declined throughout the industry. The mining business also experienced weakutilization rates. Although conditions remain difficult, we have not changed our view that the crypto asset
market is a business with potential and a promising future. We will build a system in an unobtrusive andsolemn manner so that we can make a profit at the appropriate time.
Incubation is a double circle. GMO Global Payment Fund, a fund specializing in the payment area in Southeast
Asia. The sale of a portion of Coda Payments shares, which was the first of these investments with us, resulted
in the Company's highest performance.

Here are the full-year results.
As I explained earlier, sales and profits have increased for 14 consecutive fiscal years.

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6This is an analysis of changes in sales and profit by segment. The left side is sales, and the right side is operating
profit. The effect of the change in standards is also included.
First, sales were positive in infrastructure, finance, advertising/media, and incubation. Consolidated revenue
increased, with a reactionary decline in crypto assets. In addition, the negative JPY30.7 billion impact of thechange in standards was offset by the new standards, resulting in an increase in both revenue and income.
Next, with regard to operating income, the infrastructure, advertising/media, and incubation segments saw
profit growth in line with the increase in revenue. On the other hand, financials and cryptographic assets were
negative due to overseas provisioning and a reactionary decline, respectively, while consolidated income
increased. The new standard is almost the same level.

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Next, I would like to focus on shareholder returns.
The basic policy remains the same with a total return payout ratio of 50%. More than 33% of this is dividends.
The remaining percentage is to be used to repurchase and retire treasury stock.

Here is the dividend per share. Since we will continue to not disclose earnings forecasts for this fiscal year, we
will also announce dividends on a quarterly basis.

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We are very sorry, but we will not pay a dividend for Q4 as well, since we posted a net loss in Q4 following Q3
and the annual dividend payout ratio is 38.6%.

This is followed by the repurchase and cancellation of treasury stock.
We would like to reiterate our July 2015 disclosure regarding our shareholder return policy, including theestablishment of a long-term share repurchase target, and report on our progress.
When we withdrew from the loan and credit business in 2006 to 2007, we apologized to our shareholders by
issuing new shares to increase capital.
We believe that the repurchase and cancellation of the JPY38.35 million shares issued at that time is anappropriate way to return profit to shareholders, and we have pledged to do so as a management team andhave set a target to achieve this goal as a group. The status of treasury stock acquired and redeemed is shownin the table below.
When we set the goal, we assumed that this would be a multi-decade effort, but thanks to your efforts, wefeel that we are moving forward well ahead of schedule. We would like to make you happy by paying a total
return payout ratio of 50% and bringing forward the dividend as soon as cash allows. We will continue todisclose this information here.

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9This graph shows the cancellation of acquired treasury stock. The entire graph is the acquisition, the light blueis the amount of our stock which has not been retired yet, and the dark blue is the amount which has alreadybeen retired. The dotted line portion of the graph shows the scheduled retirement schedule for the current
period.
The repurchased shares will be retired sequentially. We intend to use the profit from this fiscal year to retire
this blue portion of the Company's assets, as promised.

Now, I would like to explain the new share repurchase limit.
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We have already distributed 38.6% of last year's final profit to everyone out of our basic policy of a total return
payout ratio of 50%.
We distributed 38.6% of this amount in Q1 and Q2. We would like to purchase the remaining 11.4%, or JPY1.51
billion, as the source of funds this fiscal year. We will continue to steadily return profit to shareholders, taking
into consideration the balance with shareholders' equity.

Now, before I go into the details of our business performance, I would like to reiterate the strengths of the
GMO Internet Group.
We have two main strengths.

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The first is our commitment to in-house development and operations.
We strongly believe that in order to survive and grow in the fast-changing market of the Internet, we must be
a production company that creates and operates our own products.

So the important people are the engineers, the creators, the directors, the people involved in production.
Incidentally, when I talk about this, I am sometimes asked by people inside and outside the Company whether
the administrative and sales departments are not important. Absolutely, that view is not true. If the engineers,
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12creators, directors, and other people involved in production, all of whom are excellent people, get together,
it will be easier to sell, easier to protect, and easier to support and manage.
It is our strong belief that enhancing the power of production in an Internet company can make everyone
smile and our customers happy.
At the end of 2022, the number of partners exceeded 7,300, of which 49.6% were involved in production. It
was actually 12 years ago that we first set this goal of 50% of the total number of people who were involvedin production. That was in 2011. We first presented this value to you in February 2014, and it was 37.1% atthat time. It has taken us 10 years to see the achievement of this target of 50%, and we would like to take thisopportunity once again to raise this target to 60%.
The age of the Internet is the age of sense, and we will increase the number of great creators so that we canbe known as the GMO of UI/UX and creativity. Until now, engineers have been the main focus, but from now
on we will also focus on creators, so that everyone will think of GMO as a UI/UX and creative company.
We will continue to grow as a production company.

Now, our second strength.
We have created this as a production company, and what we have created is actually something that leads toa continuous business for all of us. In recent times, the popular term is sometimes referred to as a subscription
service. But that subscription service is only referring to the billing model, which is slightly different from the"bedrock stock revenue" in this GMO term.
Bedrock stock revenue is a GMO term, and it is a product that will not go away, is indispensable, and is a
subscriber's product.

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A commercial product that is both indispensable and subscribable. We have described this as bedrock stock
revenue since our founding.
The Company's 14 consecutive quarters of increased sales and profit have been made possible by this bedrock
stock revenue. We believe that we have achieved this and are proud to present our accomplishments to you.

As you can see, we have achieved sustained growth in consolidated sales.

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We would like you to think that this is the result of channeling it to our first strength, the business model ofself-made, non-disappearing and indispensable bedrock stock revenue. And we are a company that continues
to create, and we will not change this business model, so it shows that we will continue to grow.

As you can see, this bedrock stock revenue was 48.6% last year.
48% of total revenue. About half of the total revenue is from bedrock stock. This dark blue area is analyzed
with the KPIs on the next page.

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As you can see, a unit price of JPY10,000 is just over JPY800 per month. We have some commercial productswith annual contracts and some with monthly contracts. Multiply that by 12 months, or about JPY10,000 per
year with 13 million active contracts. 13 million multiplied by JPY10,000 is shaped to be JPY130 billion. As you
can see, the number of contracts is gradually increasing.

While the unit price has increased slightly, the number of contracts has also increased. Over the past five
years, as you can see, there has been a continuous increase of approximately 850,000 cases per year. Believe
it or not, we still receive at least 10,000 applications for new products over the Internet, including on Saturdays
and Sundays, and sometimes more than 20,000.
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16That's already more than 10,000 cases a day total for domains, servers, security, payments, e-cards, and allsorts of things. There are cases of one-year or two-year contracts, so of course there is no net increase.
Multiply JPY10,000 per day for 365 days and you get 3.65 million cases.
Of course, there are some cases of cancellations, so the net increase is 850,000 cases. As you can see, ourstrength is that it is increasing all the time. Please consider that sales of JPY8.5 billion per year continue toincrease and are increasing in stock.
From the next page, Group CFO Yasuda will give his explanation.

Yasuda: Now I will give an explanation. Thank you.
This is a bird's eye view of our four business areas. The size of a segment on the circle indicates its share in
total sales. In addition to the 580,000 contracts for infrastructure, which increased YoY, the financial customer
base increased by 150,000 contracts per year, bringing the total customer base to 15.7 million, including thenumber of infrastructure contracts as the bedrock revenue base and the number of FX, securities, and crypto
asset accounts.

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Shown here are the total market capitalizations of the 10 listed companies in the Group, and thecorresponding values of our shares.
The total market capitalization of the Group is approximately JPY1.4 trillion. And as you can see, our equity in
the Company is close to JPY500 billion.

First, here are the quarterly sales by segment.

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As Kumagai explained earlier, we continue to see a growth trend centered on the dark blue infrastructure at
the bottom.

The following is a summary of quarterly operating profit by segment.
In Q4, however, the financial business recorded a JPY3.5 billion provision in the securities business in Thailand,
resulting in a decrease in profit versus the previous year. Although there is volatility in the short term, ourview of sustainable growth based on infrastructure bedrock stock revenue has not changed at all.

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Next, the infrastructure segment. This is a description of our infrastructure business.
Domains, cloud hosting, e-commerce platforms, SSL server certificates, digital seals, cybersecurity, payments,
and ISP are all a collection of number one services that are not lost or indispensable to the Internet society.

Here are the full-year results for the six years of infrastructure.
Kumagai explained earlier about bedrock stock revenue, and on the strength of this revenue model, we haveachieved our highest performance for seven consecutive fiscal years.
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20Here is a breakdown of quarterly sales on the old standard basis and its breakdown.
The overall segment revenue growth rate has accelerated again to over 18%. The light blue areas continue tobe strong. This is the payment business. The cashless ratio and the e-commerce ratio still have room to grow,and the business environment is favorable.
And contributing to the acceleration of the top line is the green section. This is the security business. The
impact of SSL and security expiration changes has come full circle and we are back to high growth. GMO Cyber
Security by Ierae, which joined the Group in Q2, also saw an increase in revenue due to higher utilization rates.
EC support in the yellow part also remained strong due to the strong EC season at the end of the year.
And the bottom line, gray access, which accounts for a large percentage of sales, also turned positive in thesame period of the previous year. In addition to the steady accumulation of fixed lines, the effect of the
product review has become apparent in mobile lines, which had been weak due to the emergence of lowpriced plans by major carriers.

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Now, please look at the quarterly operating profit.
Profits are trending upward as bedrock stock revenue continues to build. In Q4 of the current fiscal year, theCompany recorded a decrease in profit due to the amortization of goodwill resulting from the consolidationof Ierae and strategic investments in each division based on the savings made in H1.

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I am pleased to report once again on the progress of our cryptographic security business, GMO Sign, which
we are developing as a strategic business group wide. As we announced at the last briefing, we are number
one not only in the number of subscribers but also in the number of contracts.

First, we would like to look at the number of contracted companies.
Since the group-wide Good-bye Seal Campaign in June 2020, the customer base has continued to expand
through the so-called network effect and group synergies, and by the end of 2022, the customer base had
exceeded one million.
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As you can see, our services are being adopted by a number of major companies.

Next is the number of contracts. We view the number of submissions as the most important KPI that indicateshigh customer activity. As you can see, we are also number one in Japan in this field, and together with thenumber of subscribers, we have achieved a double crown.

In addition, GMO Sign is also strengthening its digital government initiatives. We are aiming to be number one
in the local government market, and we have already introduced the system to 30 public organizations. We

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24will continue to strive for further growth by achieving the triple crown, including the number of subscribers
and the number of contracts.

Now, here is the overall distribution value of the EC support business. In addition to the EC platforms
developed by COLOR ME SHOP and MakeShop, the business also consists of platforms for new types of EC
such as minne and SUZURI.
In the merchandise e-commerce sector, the industry as a whole saw a reactionary decline in nest egg
consumption, but the Group performed well, especially in the high-priced MakeShop segment.
In terms of our view of the EC market, the size of the distribution value itself is much larger than it was before
COVID-19. Although there was a temporary reactionary decline due to the convergence of COVID-19, we havenot changed our view that this is an area where growth is expected in the future.
We believe that approximately 40% of the total amount in circulation represents strong synergies between
the GMO Payment Gateway e-commerce platform and payment settlement.

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Now at the end of the infrastructure, I would like to talk about the introduction of the service adjustment
maintenance fee and its impact.
Our motto at GMO Internet Group is to provide the number one service in all specifications and prices.
However, the recent surge in electricity prices, the weakening of the yen, and the global shortage ofsemiconductors have made it impossible for us to absorb these cost increases through self-help efforts suchas cost reductions.
Therefore, we have decided to introduce a service maintenance adjustment fee with the details as shown.
The price increase will not be permanent, but will be like a surcharge, and will be reviewed according tomarket trends. As for the response from customers, we saw some rush demand after the announcement at
the end of last year, but we have not seen any particular impact on the continuation rate or new applications
since then.

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Next, the advertising and media business. First, here are the full-year results for the six-year period.
For the second year in a row, we achieved a significant increase in both sales and profit, reaching a new highfor the first time in nine fiscal years. The market recovery has certainly been a tailwind, but we are finallyseeing some internal efforts, namely strengthening our organization, shifting to our own merchandise andour own media. We are now in a situation where we can proudly say that we have achieved a V-shaped
recovery.

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And here are the sales of the Company's own products and their ratio to the sales of the listed advertising andmedia companies.
In addition to the expansion of in-house media, the shift to in-house media has accelerated over the past few
years, as you can see from the strong performance of our own planned affiliate services in advertising.

Here is a breakdown of quarterly sales on the old standard basis and the breakdown.

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Internet advertising continued to trend favorably, capturing the recovering demand for advertising andexpanding the handling of new projects. Media also continued to see strong growth in the number of PVs for
its own media.

Next is the quarterly operating profit.
As you can see, the V-shaped recovery trend continues after bottoming out in 2020. The trend continues tobe the expansion of high-margin in-house commercial products such as in-house media and researchplatforms. In Q4, each company made a total of more than JPY600 million in strategic investments.

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Next, I will explain finance. Here are the full-year results for the past six years.
Although the FX business faced difficult conditions in the fiscal year due to the one-directional depreciationof the yen, CFDs performed well due to the increased volatility of commodity indices, and the Group join of
Gaika ex byGMO resulted in record sales.
On the other hand, operating income decreased due to the recording of a loan write-off in the Thailand
securities business.

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30Here are the quarterly results.
In Q4, as I mentioned earlier, we posted an operating loss due to a JPY3.5 billion provision for securities inThailand.

Here are the sales trends by product.
FX in dark blue improved versus the previous quarter, and CFDs in light blue continued to perform well.

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31This graph shows the relationship between sales and trading volume in the FX business.
As you can see, in 2022, sales were declining while transaction volume was rapidly increasing due to theongoing depreciation of the yen.
In this regard, from Q4, we focused on ensuring profitability and implemented various measures, which
resulted in an improvement in sales versus the previous quarter, despite a decrease in transaction volume.

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Next, I will explain FX trading volume and domestic share trends.
As I explained earlier, one of the various measures was to set a daily transaction limit for some customers.
This improved profitability, but the volume of transactions declined, and with it the phase of a declining
market share.
We will continue to strengthen our services to ensure our profitability as well as to regain market share andto improve convenience for our customers.

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Next is the crypto asset business. The crypto asset business consists of the following three categories, mining,exchange, and payment.

Here is a six-year trend of the full-year results.
In 2021, the crypto asset market was booming, but in 2022, the environment was difficult, and a loss wasrecorded.

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Here are the quarterly sales figures and their breakdown.
In the exchange business, gains and losses from foreign exchange hedging transactions were previously
included in net sales, but were reclassified from net sales to non-operating profit/loss beginning October 2022,
in part because they do not correctly represent the actual status of the business. Thus, until Q3 versus Q3,
gains and losses from currency hedging were pushing down sales.
On the other hand, the increase in revenue of JPY870 million due to this transfer was recorded in one lumpsum in Q4, resulting in sales of JPY1.6 billion in Q4.

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Now, please look at the quarterly operating profit.
As I have just explained, the increase in revenue of approximately JPY870 million due to the transfer is directlyreflected in the Q4 income. Therefore, in reality, losses continue to be recorded in the exchange and mining
businesses.
Meanwhile, in the GMO Coin exchange business, the number of accounts remained steady. Transaction
volume continues to decline, making it difficult to generate profit. Against this backdrop, the Company
continues to manage its marketing investments in a restrained manner.
Although the market environment continues to be difficult, we will continue to implement internal measuresin a straightforward manner to build a system that can generate profit when the market becomes active again.
That's the status of each business. Regarding the last topic, Mr. Kumagai, our representative, will again givean explanation.
Kumagai: I will now explain the topics. Rather than topics, I would like to show how we, GMO Internet Group,
will fight in the future. I would like to talk to you about what areas we will focus on and how we will contributeto the world.

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36This page is from a news article by EY titled Risks in 2023 chosen by Chief Risk Officers (CROs).
As you can see, the biggest business risk is cyber-attacks. More than credit risk, environmental risk, or evengeopolitical risk, corporate CROs believe that cyber risk is the most important threat to their business thisyear. Even if you do not look at the data, you will find daily reports of cyber-attacks and the damage theycause in the Nikkei and other newspapers.
For example, last year, the news that a major automobile manufacturer had all of its plants shut down due toa break-in from one of its supply chain companies is still in memory. And last fall, hospitals in western Japan
were cyber-attacked, just as they were unable to accept new patients. There was a story that the hospital's
management was very much hindered and that patients were very inconvenienced.
We believe that this is truly a risk to all kinds of systems.

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Moving on to the next page. In the midst of all this, I think people are actually not very impressed with the
GMO Internet Group's security business.
Today, many people, probably due to the TV commercials, have the impression that GMO Internet Group is afinancial services company or that it is a provider of services. I hope that you will take home with you a little
awareness of the seriousness with which we take security, which I am about to explain, and the fact that manyof our customers have adopted our products and services.
Please let me introduce our slogan for this term. The slogan of our security business is: Safe and SecureInternet for Everyone.

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There are three major security businesses that we have been involved in for a long time.
The first is cryptographic security. This is cryptographic security such as SSL using authentication technology.
The second is cyber security. This is a project to protect against cyber-attacks by Japan's most powerful whitehat hacker group, or to investigate the causes of such attacks and prevent their recurrence.
And the third is professional brand security for domains, trademarks, etc. The Internet is a world of imitation.
We provide consulting services and other services to protect that which is correct, proper, and legitimate.

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Now, I'd like to start by talking about crypto security.
We have listed some examples and logos of customers who have used our products here. What do you think?
Johnson & Johnson, Ford, Microsoft, Airbnb, AT&T, Netflix, Virgin Atlantic, MOTOROLA, and in Japan, Shiseido,
KOSE, and CISCO. This is already a very small part of what you all know. A very small portion indeed. We
presented the logos of a small number of customers who have given us permission to use their logos on thiswebsite.
The only domestic certification authority that operates worldwide under the GMO GlobalSign brand. In fact,
SECOM also has a domestic certification authority. But SECOM is not going global. We are the only certification
authority of a domestic company that developed a global presence.
Recently, in light of geopolitical risks, there has been serious discussion here and there about which country's
certification authority to use. It is also done by the government. I think that Japanese companies and Japanesecitizens would feel safer if the certification authority were located in Japan. In this context, please look forward
to the future performance of GMO Global Sign, which operates a certification authority that can be used inJapan, and to our future performance in this fiscal year and beyond.

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40This is the second cyber security service. Hackers.
The opposite side of the hacker, the white hacker. We are a customer of GMO Cyber Security by Ierae, a groupof white hat hackers. As you can see, this fellow venture in Shibuya, Cyber Agent, and also Sammy Networks
and ACCESS. In addition, we have recently been using Note, which has gone public, Sansan, Morinaga,
MACNiCA, Will Group, Forval, and NEC. SOMPO CYBER SECURITY is also using this service. DRECOM also uses
this service.
Our fellow venture partners trust us and ask us to do penetration testing in a way that prevents hackers fromhacking into their system, and we make sure there are no holes in it and prevent them from doing so.
As you can see, vulnerability assessments conducted by white hat hackers with an attacker's perspective, or
hacker's point of view, are used by companies in a wide range of industries, not only in Japan but also overseas.
The strength of our GMO Cyber Security by Ierae is that we have a highly technical group of hackers. We do
not have statistical data on hackers, so this is a Fermi estimate, but 30% to 40% of hackers in Japan are
members of our group.

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Please see the next page. These are GMO Brand Security customers.
Toray, Suntory, Bridgestone, Isuzu, FamilyMart, Ricoh, Wacoal, and ABC Mart. As you can see, we havereceived orders from so-called large domestic clients, and we protect them from unauthorized trademark use,
copyright infringement and so on. This GMO Brand Security is in the business of early detection and showing
our customers how to protect them.
As a group of trademark and domain name professionals, we offer solutions for all types of brand damage,
and we hope you will take a look at the GMO Brand Security website.

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As you can see, GMO Cyber Security by Ierae's white hacker group has provided technical support to the Japan
Self-Defense Forces and the National Police Agency. In a sense, we are the ones who train and educate the
SDF's cyber defense team. And the same goes for the National Police Agency, which recently sent us a letterof appreciation for our technical support.

Now, here is what we are thinking.
This year, we intend to further combine these three security businesses with infrastructure products andfinancial products, which are our existing bedrock revenue base. We intend to contribute to a safer and more
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secure Internet society by creating synergies through this combination. It means that we offer a moredifferentiated product than our competitors and intend to continue to grow as the dominant domestic
infrastructure provider and Internet-based operator.
What we will offer this spring is GMO Cyber Attack Net de Diagnosis. This product is currently under testing
and about to be released, but it is very simple. When you enter a domain, the system will automatically checkfor holes in that site and give you a score of the decision.
This is a SaaS-type product that notifies the user that there is a hole, there is not a hole, or there is avulnerability in this area which should be fixed. We are still working on the fee, but we are considering a stockbusiness model of several hundred yen per month. In this business, we perform periodic checks and let you
know if there are any holes.

And for those website companies that pass this certain check and score well, we will also issue a site seal after
the diagnosis.
If you take a look at the root, you will see GlobalSign's site seal on the left side. In the same way, the site sealof this global sign, which I am sure many of you have seen our or our competitors' site seals, can be attachedto the side of this as a website that has already taken measures against cyberattacks.
This does not mean, of course, that you have to put it up, but that you may put it up for any company thatrequests it.
In fact, recently, a number of companies have started or continued doing business with us based on whether
or not they are able to withstand this cyber-attack. The other day, I read an article in the Nikkei newspaper
about Shiseido. When Shiseido starts a business, they make sure there are no holes such as cyber-attacks on
the other party.
This is exactly the kind of service or transaction standard that is gradually spreading in other countries. We
believe that this will be the same in Japan, so we have created this Cyber Attack Net de Diagnosis site seal toSupportJapan
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provide our customers with a seal that says we are doing a proper health check and sealing up holes to prevent
hackers from attacking our customers. This is the site seal of the Cyber Attack Net de Diagnosis.
We currently have over 13 million customers in our bedrock solid revenue base. We receive 10,000 to 20,000
new contracts per day. We would like to offer this Cyber Attack Net de Diagnosis to all of these customers at
once, initially free of charge. Our idea is to spread this throughout the country all at once.
We hope you will look forward to the release of this service this spring. Of course, from a certain point we will
start charging for this service, but we hope that this service will contribute to the new safe and secure Internet
industry in the future, and that it will also result in an additional growth factor for our bedrock solid stock
revenue base.

We will grow into the only publicly listed group that provides one-stop solutions to security issues.

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Finally, a summary. I have written here about my outlook for this year. It is just my subjective opinion.
Infrastructure is a double circle as you can see. Online ad & media is also a double circle. Finance is a single
circle. I marked crypto assets with a triangle for a conservative view.
We will do our best to meet your expectations in FY2023, and we look forward to your continued support.
That's all from me. Internet for Everyone!
[END]______________
Document Notes
1.
2.
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4.

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TollfreePortions of the document where the audio is unclear are marked with [Inaudible].
Portions of the document where the audio is obscured by technical difficulty are marked with [TD].
Speaker speech is classified based on whether it [Q] asks a question to the Company, [A] provides ananswer from the Company, or [M] neither asks nor answers a question.
This document has been translated by SCRIPTS Asia.

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