August 10, 2021
CompanyVision Inc.

Representative

Kenichi Sano, Representative Director,President, and CEOFirst section of the Tokyo Stock Exchange: 9416

Contact

Shinichi Nakamoto, Director, Managing
Executive Officer, CFO, and General Managerof Administrative Dept.
(Tel. 03-5325-0344)

N ot i ce R eg ar din g t h e L aun ch o f N ew El ect rici ty S erv i ce
“V is io n D enk i ”
We are pleased to announce the launch of Vision Denki, a new electricity service that will help all of ourbusiness partners to reduce their electricity costs.

Background to the launch of our new “Vision Denki” energy service
Partnering with retail electricity companies, we have offered subscription agency services that help reduce energy
cost for our customers, in response to customer voices saying that “the tariffs are too complicated, and still expensivein the end,” even after electric power deregulation. After listening to requests from many companies and stores, wehave come to the conclusion that we will be able to provide more inexpensive and stable low-voltage power services
by acting as a direct retail electricity provider who offer our own rate plans, etc. Furthermore, we strongly expect
this new service to contribute to our group’s growth in the future. Thus we have decided to launch the new “VisionDenki” service.
1.

2.

About “Vision Denki”
Vision Denki is a low-voltage power service mainly for corporations and small business owners.

3.

Availability
Service will start from August 2021.

4.

Total amount of planned special expenditures for the new business
There are no specific expenditures made at this time.

5.

Future Outlook
Assuming that the number of contracts to be obtained by “Vision Denki” will be the same as with the subscription
agency model, the impact on business results for the fiscal year ending December 2021 regarding differences inrevenue and operating profit are: -26 million yen in sales and -166 million yen in operating profit. This impact has
been reflected in the financial forecast figures “Notice of Revision of Full-year Consolidated Financial Forecast”
announced today (August 10, 2021).
As a result of the transformation from the current revenue model based on subscription agency services (numberof subscriptions acquired x sales commission unit price) to a new revenue model (number of contracts in force x
end-user electricity charges - cost of electricity) based on in-house services (providing electricity directly as a retailelectric power company), during the period until the number of “Vision Denki” contracts accumulates, revenue isexpected to temporarily decrease compared to the current subscription agency services revenue. However, we will

strive to build a long-term stable revenue base that can withstand impacts from external factors.
The following table shows the projected sales, operating profit, ARR (annual recurring revenue), and the numberof contracts in force at the end of the fiscal year for “Vision Denki.”(Unit: JPYmn, number of contracts)
FY2023
FY2024FY2025
2,998
5,298
7,605
19420
949
977
1,572
2,105

FY2021
FY2022
Sales
63
1,156
Operating profit
(144)
(179)
ARR
85451
Number of contracts inforce at the end of the1,841
9,717
20,47332,51643,543fiscal year
* ARR is stated as gross profit. It is calculated by multiplying MRR (Monthly Recurring Revenue) as of eachterm-end by 12.
* MRR shows stable profits that a company can repeatedly earn every month.