The following is an English translation of the transcript of the results briefing of DigitalMedia Professionals, Inc. for the fiscal year ended March 31, 2023, on May 12, 2023. In
the event of any discrepancy between this document and the Japanese original, the lattershall prevail.

[Speakers]
Tatsuo Yamamoto, Chairman, President and CEO, Digital Media Professionals, Inc.
Tsuyoshi Osawa, Senior Management Director, Corporate Planning Department
General Manager, Digital Media Professionals, Inc.

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Osawa: Thank you for joining us today for the results briefing of Digital Media
Professionals, Inc. for the fiscal year ended March 31, 2023.
Here is today's agenda. I will explain the financial results and the progress of ourinitiatives for the fiscal year ended March 31, 2023, followed by the business forecast for
the fiscal year ending March 31, 2024, and then Yamamoto will explain our priority
measures for the fiscal year ending March 31, 2024, including a video clip.

Osawa: Before I explain our financial results and the progress of our initiatives for the
fiscal year ended March 31, 2023, I would like to begin with a brief overview of ourcompany and its strengths. Since our founding in July 2002 as a university-launched wehave been engaged in businesses with graphics technology at the core and have2

achieved significant results, including the adoption of our GPU IP in Nintendo's game
consoles.
In recent years, we have contributed to solving customer and social problems by leveraging
our integrated development system and our ability to provide products and services fromalgorithm/software to hardware and from the edge to the cloud.

Osawa: Let me start with the highlights of the fiscal year ended March 31, 2023. Net
sales increased 39 percent year on year, reaching a new record high.
Operating income, ordinary income, and net income attributable to owners of the parent
were positive for the first time in three fiscal years, since the fiscal year ended March 31,
2020, when we were a non-consolidated company.
The robotics field saw a decrease mainly in the professional service business due to a
decline in R&D projects by customers, while the amusement field expanded significantly
and the safety and other IP fields also expanded.

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Osawa: Here is a P/L summary. Net sales increased significantly by 654 million yen year
on year to 2,322 million yen, with a sales growth rate of 39.2%, due to sales expansion
in the product and IP core license businesses.
Operating income returned to profitability, reaching 27 million yen, up 153 million yen
year on year.
Ordinary income increased 151 million yen year on year to a positive 28 million yen, andnet income attributable to owners of the parent increased 179 million yen year on year
to a positive 22 million yen.
Compared to the original forecast announced on May 13, 2022, net sales decreased byapproximately 2%, but operating income, ordinary income, and net income attributableto owners of the parent were higher.

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Osawa: Here are sales by business and field.
In the IP core license business, net sales were 261 million yen, up 50 percent year on
year, due to the expansion of GPU IP license and AI/GPU IP running royalty income bothfrom digital equipment, and recurring income in the safety field.
In the product business, net sales were 1,956 million yen, a significant increase of 63%
year on year, mainly due to a significant increase in sales of the RS1 graphics
semiconductor for mass production.
Other sales in this business included the "ZIA C3 Kit" for peripheral monitoring ofcommercial vehicles, camera modules for mass-produced drones, and the Cambrian
Vision Systems.
In the professional service business, sales of GPU and AI-related contract development
services in the safety, robotics, and amusement fields were recorded, but a decline in
R&D projects for customers in the robotics field was the main factor behind a 65% yearon-year decrease in net sales to 104 million yen.

In the safety field, net sales were 170 million yen, up 4% year on year, due to recurring
revenue including OTA (Over the Air) projects, as well as sales of the "ZIA C3 Kit" forperipheral monitoring of commercial vehicles.
In the robotics field, net sales were 185 million yen, down 22% year on year, due to adecrease in the professional service business as a result of a decline in R&D projects bycustomers, as mentioned before, despite growth in the product business, including the"Cambrian Vision Systems."

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In the amusement field, mass production shipments in response to large orders for the
RS1 led to net sales of 1,821 million yen, up 58% year on year.
In other field, net sales were 144 million yen, up 29 percent year on year, on strong salesof AI/GPU IP running royalties, in addition to GPU IP licenses for digital equipment.

Osawa: Here is a B/S summary. Current assets at the end of March 2023 totaled 3,683
million yen, up 899 million yen from the end of the previous fiscal year. This was mainly
due to a 444 million yen increase in accounts receivable and contract assets and a 433
million yen increase in cash and deposits.
Fixed assets amounted to 158 million yen, down 529 million yen from the end of theprevious fiscal year. This was mainly due to a 499 million yen decrease in investment
securities. Total assets amounted to 3,842 million yen.
Liabilities amounted to 717 million yen, up 341 million yen from the end of the previous
fiscal year. This was mainly due to a 292 million yen increase in accounts payable.
Net assets amounted to 3,124 million yen, up 28 million yen from the end of the previous
fiscal year. This was mainly due to a 22 million yen increase in retained earnings resulting
from the recording of net income attributable to owners of the parent.
Although the equity ratio decreased to 81.3 percent due to the expansion of our businessscale, we continue to have sufficient funds for working capital and investments toenhance our R&D structure.

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Osawa: I will now discuss major initiatives and results in our focused fields for the fiscal
year ended March 31, 2023. First, in the safety field, we leveraged our strength inproviding services from the edge to the cloud to generate recurring revenue, including
OTAs, from existing projects, as well as new licenses and professional services for new
customers and new projects for existing customers.
We have continued research and development activities for business expansion into thebroader safety field. Progress was also made on PoC projects such as traffic volume
surveys.

Osawa: In the robotics field, we first refined the functions and improved the accuracy of"ZIA SLAM" and "ZIA MOVE."7

As for the "Cambrian Vision System" business, its superiority over competitors has been
appreciated, and sales and business deals with manufacturers, especially in theautomobile industry, are expanding. Inquiries from the food, pharmaceutical, andcosmetics industries, the so-called "three product industries," are also increasing.

Osawa: In the amusement field, "RS1," the industry's first real-time 3D engine and highperformance, high-compression video engine on a single chip, provides value to players
and manufacturers of amusement machines by enabling both beautiful video expression
and reduction of machine chassis costs.
In December 2022, we announced that sales of ZEEG chassis equipped with "RS1"exceeded 10 models and 100,000 units. Since then, additional models and mass
production have continued, so we will update this information as opportunities arise.

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Osawa: In the field of IP for digital equipment, we provide small-size, low-power
consumption, and high-performance IPs optimized for applications and SoCs forcustomers' digital equipment.
Cumulative shipments of digital devices by customers incorporating our AI/GPU IP haveexceeded 150 million units, and in the previous fiscal year, the ZIA DV720 was newly
adopted for use in REGZA 4K TVs, and royalty income has begun to be recorded.
In addition, the development of AI IP processors that greatly exceed the performance of
current products is reaching the final stage. Yamamoto will explain this later.

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Osawa: Finally, I would like to explain our full-year consolidated business forecast forthe current fiscal year, ending March 31, 2024. We are forecasting net sales of 2.6 billion
yen, up 12% year on year, and operating income and ordinary income of 150 million yen.
As Yamamoto will explain later, under our newly formulated Purpose of "Making theImage Intelligent," we will contribute to the "realization of a safe and secure society" and"solutions to social issues," while striving for stable growth in image processing
semiconductors.
Let me explain by field. First, in the amusement field, we expect stable growth of "RS1."
We have considered the fact that there are issues for manufacturers in procuring partsand securing production capacity, but one manufacturer mentioned at the financial
results briefing that "if the issues of parts procurement and production capacity are
alleviated, the market and our own business performance will grow more than expected,”
which we also expect.
In the safety field, we will continue to leverage our strength of the "ZIA SAFE" series,
which supports from the edge to the cloud, to cultivate existing customers and acquire
new ones, and aim to scale up from a focus on PoC in the broader safety field.
In the robotics field, we will cultivate the autonomous and collaborative robotics market
by leveraging the strengths of "ZIA MOVE," "ZIA SV," and "Cambrian Vision System.”
In other IP field, we will acquire new IP business in addition to our stable business basesuch as GPU IP running royalties.
This concludes my part of the presentation. Thank you very much for your attention.

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Yamamoto: Thank you very much for joining us today. I would like to explain our major
initiatives for this fiscal year.
Starting this fiscal year, we have formulated "Purpose," which can be said to be ourraison d'etre. It is "Making the Image Intelligent."
Harnessing the power of image intelligence, we will provide very good and advanced
products and services that drive value for our stakeholders.

11Yamamoto: Let me add a few words about "Making the Image Intelligent." Since ourfounding, we have focused on GPUs, low-power IP, image processing, computing, andAI.
ChatGPT, which has become very popular recently, is essentially a text-based AI chatservice, but GTP4, which is already available in beta, can use images as input. Currently,
the vast amount of data generated daily, such as data from surveillance cameras aroundthe world, is largely discarded, with no way to process it.
However, we believe that a new image-processing AI system like this could create
tremendous value by extracting various insights and patterns from images.
You can see a demonstration of "GPT4" now, and for example, when you show a pictureof a duck playing the guitar, and it points out, "Isn't this a bit odd?"
We believe that image intelligence will be of great help in various fields, such as climatechange verification and terrorism prevention using images from surveillance cameras
around the world, automatic driving using in-vehicle cameras, robot control using
cameras, and medicine.
Our "ZIA SAFE" business, a safe driving support service, also realizes safe driving as avalue generated from images from in-vehicle cameras. Or "ZIA MOVE," which is robot
control that also creates great value in the form of autonomous driving by robots using
cameras. Or the "Cambrian Vision System," in which a camera is attached to a robot arm
for picking.
In addition, AI image processing has the problem of privacy because the image itself issent to the cloud, but this problem can be solved by using edge AI to process the image,extracting only the necessary data, and sending it to the cloud.
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As described above, I believe that image intelligence will create tremendous value
exponentially in the future.

Yamamoto: A new organization was established on April 1, 2023 with the aim ofachieving balanced growth between existing and new businesses.
Two new divisions, the Technology Products Division and the Robotech Mobility Division,
were established to enable us to focus on the existing LSI and IP businesses and the
new areas of robotics and safety-related fields, respectively.
In addition, the hardware, software, and AI development groups were integrated into theDevelopment Division to optimize resources and share design assets. We have alsoestablished a new Product Planning Group within the Development Division to develop
products more in line with market needs.

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Yamamoto: One of our strengths is that we have technology that enables domain
optimization; DMP can optimize AI and other processing, including hardware, for a
specific domain.
AI processing is a flow of learning and inferring data, and the cloud and edge are theenvironments in which it is executed. The actual development process involves algorithm
development, software optimization, and hardware implementation.
This integrated development process, from algorithm to hardware implementation,
enables us to support our customers' smooth transition from prototyping to deployment
and, for example, to mass production, which is one of our key strengths compared toother companies.
DMP products and services that support this include the "ZIA Cloud SAFE" service forsafe driving support systems in the cloud, the "ZIA MOVE" and "ZIA SAFE" software
integrated development platforms at the edge, and the "ZIA DV700 Series" inference
processors.

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Yamamoto: Our focused fields or verticals are robotics, amusement, and safety.
Although each of these verticals is different from the others, they all share the same
technology underpinnings. These include GPUs, low-power IP, computer vision, edge
and cloud computing, and AI, on which the three verticals are closely interrelated anddevelopment is underway.

Yamamoto: I will explain each of these fields in detail. As shown in the chart at the bottomof the slide, the amusement field is in a situation where the shrinking trend has bottomedout after 2020. In particular, pachislot, the main battleground of "RS1," is leading theindustry's recovery, with 700,000 units recovering for the first time in five years. One of15

the reasons for this is that the introduction of the 6.5 model machines and smart pachislot
has led to the replacement of machines with new ones.
"RS1" is gaining market share as the industry's only LSI with both 2D and 3D functions,in other words, the only chip that can handle both pachinko and pachislot machines.
Currently, Sega Sammy is the main end customer, but we expect to see an increase in
shipments of titles from new end customers in the future. ZEEG Co. Ltd. is a joint venture
between Sammy Corporation and Universal Entertainment Corporation, but we believethat the RS1 will further expand its market share as customers other than these twocompanies adopt the ZEEG common chassis due to its widespread use in the industry.

Yamamoto: "ZIA MOVE" is an integrated software development platform for robots, and
we offer an autonomous driving pipeline and software with "VSLAM," which has low cost
as an advantage and is extremely resistant to environmental changes.
Leveraging this feature, we will promote business, focusing on licensing, throughstrengthening cooperation with AMR/AGV vendors that provide so-called "service
robots" used in distribution, manufacturing, building, and construction sites.
"ZIA SAFE" and "ZIA Cloud SAFE" are safe driving assistance software development
platforms for the edge and the cloud, respectively. They offer high recognition
performance and flexible and scalable system configuration by combining cloudcomputing with the edge. Leveraging these features, we will develop safety markets
other than dashcams, such as surveillance cameras, public transportation, buildings, andschools.

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In addition, by making "ZIA SAFE" compatible with model-based development (RTMaps),
we intend to enter markets such as automotive OEM, Tier 1, and construction machinery.
Model-based development is a development method widely used in automobile
development. While conventional development involves creating specifications,programming and combining software, testing, and shipping the product, model-based
development involves modeling, combining, and simulating its functional blocks.
The system enables efficient development of increasingly complex software for
automobiles and other vehicles, shortening development time by 30 to 50 percent andreducing rework.
"ZIA SAFE" currently provides software mainly for dashcams, but in the future, we would
like to provide it to the aforementioned new markets by creating a blocked, modeled, andpluggable form that responds to the model-based development flow.

Yamamoto: We also consider the integration of robotics and safety to be a very importantarea. "ZIA SAFE" and "ZIA MOVE" are systems that use cameras and images, andthrough their cooperative operation, image analysis during autonomous driving andimage analysis location using MAP can be visualized. By further connecting with "ZIA
Cloud SAFE," we believe that it will be possible to create new services such as trend
analysis based on BIG DATA analysis, and linkage with external systems.
The slide shows some details, but in short, "ZIA SAFE" analyzes images sent from the"ZIA MOVE" robot autonomous driving system in real time, and sends various analysis
results to the cloud side to provide new services.

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Yamamoto: The "Cambrian Vision System" is a vision system developed by Cambrian,a U.S.-based company with a development base in the U.K., and we have exclusive
rights to sell the system in Japan.
The system can perform complex tasks such as picking, assembling, inserting, and cablehandling by attaching a camera to the arm of a commercially available robot andcontrolling the arm.
The system is currently being installed on assembly lines at several customers. It is also
being introduced on a trial basis at automobile OEMs and Tier 1 customers, and we
expect to accelerate the adoption of in-line systems and mass production lines in the
future.
One of the most important aspects in this area is collaboration with major robot vendors.
We have been providing our customers with connections to leading overseas arm
vendors such as Universal Robots, KUKA, and ABB, and in addition, we haveestablished connections with a major Korean arm vendor called Doosan, and robots fromJapanese companies Fanuc and Denso Wave. We believe this will further accelerate ourbusiness in Japan.
We are also establishing a dealer network throughout Japan, and in the future, we would
like to support dealers, distributors, and SIers in creating demos and strengthening theirsales promotion capabilities, thereby making this business easier to handle and further
expanding sales.

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Yamamoto: The "Cambrian Vision System" is very competitive and has clear advantages
over the competition. For example, it can pick transparent items such as plastic bottles,
which allows us to enter a new field.
The left side of the slide shows the speed of the picking process and the size of theworkpiece. We have several competitors in this market, and all of their picking systems
take about a few seconds to recognize a workpiece. Cambrian, however, picks up theobject at such an overwhelming speed that the arm almost never stops.
See "Workpiece Color and External Lighting" on the right. Cambrian is not affected byexternal lighting and can accurately pick even in backlit conditions.
Even transparent parts can be picked. To our knowledge, Cambrian is the only visionsystem in the industry today that can recognize transparent objects.

19Yamamoto: We would like to show you a demo video of it.
(Video shown)This is a system that picks transparent plastic bottles and feeds them to the next process.

Yamamoto: We are in the business of licensing AI inference processor IP. As hardware
IP, it can be implemented in FPGAs to ASICs, and can be used in various fields ranging
from factory automation, construction machinery, and agricultural machinery toconsumer products.

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Yamamoto: Here is an example of our AI inference processor IP in use: Our "DV720" isimplemented in a REGZA TV chip. Our IP is also used in high-volume products of othermajor consumer electronics manufacturers in Japan and abroad.
In the case of TVs, AI recognizes the TV image and, based on an understanding of thescene, can determine perspective and focus, change skin and other color tones, andadjust and reduce image noise and increase resolution based on Internet conditions
connected to the TV.
We are currently developing our next-generation AI inference processor IP, A3000,
whose performance is approximately six times that of the DV700 series. We plan to start
licensing it in the second half of this fiscal year.

21Yamamoto: Lastly, I would like to explain our measures for future growth. To srengthen
our AI product business centered on the ZIA platform and Cambrian, as I mentioned
earlier, we will accelerate the in-line installation of the "Cambrian Vision System," andstrengthen collaboration with robot vendors for "ZIA MOVE."
As for "ZIA SAFE," we will create new value by entering markets other than the dashcam
market, tapping OEMs by supporting model-based development, and integrating "ZIA
SAFE" with "ZIA MOVE," safety and robotics.
In addition, we will continue to achieve strong growth by expanding our market shareand increasing the added value of our amusement and IP products. Specifically, we will
expand our "RS1" market share and introduce new AI inference processor IP.
Thank you very much for your attention.

[Q&A session]
Q1: Please tell us about the current competitive situation in the amusement industry.
A1: In the amusement industry, there are three companies that supply graphics chips.
There used to be four or five companies, but now there are almost three: DMP, Yamaha
Corporation, and Axell Corporation.
The strength of our graphics chip is that it is the only chip that offers both 2D and realtime 3D graphics. We are in a very strong position, especially with respect to the pachislot
industry. Axell and Yamaha's chips are mainly for 2D movie-based pachinko machines.

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Q2: What is the status of the adoption of "RS1"?
A2: I would like to refrain from discussing individual titles, but as I mentioned earlier, weissued a press release in December last year announcing that sales of "ZEEG chassis"
equipped with "RS1" exceeded 10 models and 100,000 units. Since the release,
shipments of ZEEG chassis have continued and the number of titles has increased, so
we hope to update this information as the opportunities arise.

Q3: Does "RS1" support the popular smart pachislots? Also, please tell us about the
expansion of "RS1" customers.
A3: "RS1" is compatible with smart pachislot and has been adopted. ZEEG is definitely
our main customer, but as Yamamoto mentioned earlier, there are other customers as
well. However, as sales of the "ZEEG chassis" continue to expand, and aim to become
the industry standard, we believe that our market share will also expand along with thattrend.

Q4: I would like to ask you about your relationship with Eve Autonomy, which is a joint
venture between Yamaha Motor and TierⅣ.
A4: We do not have a direct business relationship with Eve Autonomy. However, we arein active discussions with Yamaha Motor regarding personnel exchanges andcollaboration, so I hope you can look forward to new development projects in the future.

Q5: What are your thoughts on new alliances and M&A?
A5: Regarding M&A, we have always actively considered and will continue to consider
deals that strengthen our competitiveness and complement our core businesses andfields.

Q6: What is your policy on capital management, such as dividends and share buybacks?
A6: Our basic policy on profit distribution is to appropriately allocate it among growthinvestment to expand our business, internal reserves to strengthen our management
structure, and shareholder returns, while comprehensively considering future businessdevelopment.
Profit distribution is determined based on a comprehensive consideration of growthstrategies, business performance, and capital requirements, etc. We returned to
profitability in the previous fiscal year and expect to expand profits in the current fiscal

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year. Once this trend of increasing profitability stabilizes, we believe the time will naturally
come to consider shareholder returns.

Q7: What do you think of the current share price?
A7: We understand that the share price is determined by various factors, including ourbusiness performance and business conditions, the business conditions of ourcustomers, general economic factors, and market trends. I believe that in order to behighly valued by the stock market, we need to improve our business performance andalso improve our investor relations, as we are doing in today's financial resultspresentation. We will continue to strengthen these areas.

Q8: When I looked up the Smart Pachislot "Hokuto no Ken" (Fist of the North Star) on
the ZEEG's website, it seems that the "ST230-AN" has been adopted. Am I correct in myunderstanding that this chassis is equipped with your "RS1"?
A8: We also check the ZEEG's website. We cannot directly tell you which titles use the"RS1", but it is a fact that the "RS1" is used in the chassis that is mentioned on thewebsite as being used in the Smart Pachislot "Hokuto no Ken."24