Tokyo Stock Exchange 1st Section: Securities Code 3992

Needs Well Inc.

Financial Results
for the Second Quarter of Fiscal Year 2021
(October 1, 2020 – March 31, 2021)
May 12, 2021

1. 2021/9 2Q Financial report summary

2. 2021/9 Results forecast

3. Growth strategy

4. Reference

FY2021/9 2Q Financial Results21.1) Financial highlights
Sales and profits both reached record highlevels on a second quarter basis
since Needs Well’s establishment in 1986
(Unit: million JPY)

Net sales

2,850
2,820
2,809

350

300

300

250

+0.3%
YoY

200

FY20/9 2Q FY21/9 2Q

Ordinary profit (Unit: million JPY) Net profit

350

2,818

0

FY2021/9 2Q Financial Results(Unit: million JPY)

301
267

+12.7%
YoY

250
200

150

150

100

100

50

50

0

0
FY20/9 2Q FY21/9 2Q

179

206
+14.7%YoY

FY20/9 2Q FY21/9 2Q

31.2) Performance progression rate
Sales progression was on a level 1.8pts higher year on year

Profits have already achieved over 50% by 2Q

Progression
rate,
Net sales

48.6%, +1.8pts

Business Systems SI *47.3%

Infrastructure Services *46.2%

Connected Systems *55.8%

Solutions/Products, etc. *2Q performance(FY21/9 target)

62.5%

Operating profit

57.1%, +8.4pts

Ordinary profit

56.1%, +7.5pts

Net profit

55.7%, +8.3pts

FY2021/9 2Q Financial Results

Despite the negative impact of the
spread of COVID-19, sales fortelecommunications remained strong
due to demand for revisions of priceplans for mobile phones.
Aim to release logistics package insummer 2021.
Development continued at a stable pace
due to coordination between Business
Systems SI and Solutions/Products, etc.,
for total orders.
Development continued at a stable pacedespite the negative impact of the
spread of COVID-19 on orders for the
manufacturing industry.
Expanded solution lineup.
In particular, Needs Well’s uniquesolutions for the Concur series, Speed
EA and Invoice PA, remained strong.
Focus on IT re-engineering for
supporting corporate DX.
41.3) Ordinary profit analysis
Ordinary profit increased 12.7% year on year with thecontribution of increased gross profit due to improved productivity■ Increase ■ Decrease

Unit: million JPY

301
267
Gross profit increased
with successful measures
to improve productivity(transition to remote
development, etc.)

Advertising expenses
increased with focus on
online sales

Increase owing to temporary costs recorded
due to special factors in FY20/9 (relocatinghead office, opening Nagasaki Development
Center, etc.) not being required in FY21/9

FY20/9 2Q
Ordinary profit
FY2021/9 2Q Financial Results+12.7%YoY

R&D investment
and stockissuance costs
increased

FY21/9 2Q
Ordinary profit
51.4) Profit & loss statement
Ordinary profit ratio remained at a high level of 10.7%（Up 1.2 pts year-on-year)
FY2020/9 2Q Financial Results

Unit: million JPY
Net sales

ResultNet Sales

FY2021/9 2Q Financial Results

ResultNet Sales

Year-on-year

2,809

-

2,818

-

100.3%

Business Systems SI

※

※

2,156

76.5%

※

Infrastructure Services

※

※

283

10.1%

※

Connected Systems

※

※

100

3.6%

※

Solutions/Products, etc.

※

※

278

9.9%

※

Gross profit

653

23.3%

709

25.2%

108.6%

SG&A expenses

386

13.7%

403

14.3%

104.4%

Temporary cost (investment)

24

0.9%

0

0.0%

0.0%

Others

361

12.9%

403

14.3%

111.6%

Operating profit

267

9.5%

306

10.9%

114.8%

Non-operating profit

0

0.0%

2

0.1%

5448.1%Non-operating expenses

0

0.0%

7

0.3%

6178.9%Ordinary profit

267

9.5%

301

10.7%

112.7%Net profit

179

6.4%

206

7.3%

114.7%* From the fiscal year 2021/9, Needs Well reorganized all service lines and launched the development of “Connected Systems” tostrengthen our connected technology. As such, year-on-year comparisons for each service line are not available and therefore
have not been included.
FY2021/9 2Q Financial Results

61.5) Balance sheet*Selection of significant entries only

Unit: million JPY

FY2020/9

Equity ratio at 75.7%

FY2021/9 2Q

ResultResultYear-on-year

1,780

2,038

258

Accounts receivable

689

871

181

Prepaid expenses

34

45

11

Total current assets

2,553

2,970

417

Software

58

65

6

Investment securities

83

111

28

Defferred tax assets

97

115

18

Leasehold and guarantee deposits

85

84

0

Insurance funds

76

76

0

Total non-current assets

444

495

51

2,997

3,466

468

Accounts payable - trade

101

146

44

Accounts payable - others

137

132

-5

Accrued corporate tax, etc.

107

130

22

Accrued consumption taxes

106

74

-31

Provision for bonuses

265

306

40

765

838

72

0

0

0

765

838

72

Share capital

415

578

163

Legal capital surplus

271

435

163

Retained earnings brought
forwardValuation difference on
available-for-sale securities

1,521

1,591

70

22

18

-4

Total net assets

2,231

2,628

396

Total liabilities and net assets

2,997

3,466

468

AssetsCash and deposits

Total assets

Liabilities

Total current liabilities
Total non-current liabilities
Total liabilities
EquityFY2021/9 2Q Financial Results

Up 1.2 pts YoY

AssetsCurrent
assets,2,553

End of FY2020/9

Noncurrent
assets,444

Unit: million JPY
Current
assets,2,970

Noncurrent
assets,495

End of FY2021/9 2Q

Liabilities & Net Assets
Current liabilities
765
Net assets,

Unit: million JPY
Current liabilities
838

2,231

Net assets,
2,628

End of FY2020/9

End of FY2021/9 2Q

7

1. 2021/9 2Q Financial report summary

2. 2021/9 Results forecast

3. Growth strategy

4. Reference

FY2021/9 2Q Financial Results

82.1) Results forecast
Plan to increase sales and profits through newly launched Logistics
Business, strengthening solutions, etc.
* There has been no revision to the results forecast announced on November 12, 2020
Business Systems SI

Net sales
FY2021/9
forecast

Infrastructure Services

Connected Systems*

Solutions/Products, etc.
Total 5,800

614 (10.6%)

4,559 (78.6%)

180 (3.1%)
0
1,000
2,000
Unit: million JPY (against net sales composition ratio)

3,000

4,000

Up 8.1% YoY
445 (7.7%)

5,000

6,000

* From the fiscal year 2021/9, Needs Well reorganized all service lines and launched the development of “Connected Systems” tostrengthen our connected technology. As such, year-on-year comparisons for each service line are not available and therefore
have not been included.

Operatingprofit537 （Up 9.0%) Operating profit margin 9.3%

Ordinary
profit537 （Up 4.4%) Ordinary profit margin 9.3%

Net profit

370 （Up 6.5%) Net profit ratio 6.4%
0

FY2021/9 2Q Financial Results

100

200

300

400

500

600

Unit: million JPY （YoY)92.2) Dividends and shareholder returns
Dividend per share: +1 JPY (YoY) increase forecast (FY2021/9 )* There has been no revision to the dividend forecast announced on November 12, 2020

Annual dividend forecast: 17.00 JPY/share

Dividend payout ratio forecast: 39.0%

Annual dividend per share (JPY)Dividend payout ratio (%)

18.00

16.00

16.00
14.00
12.00
10.00

12.50

12.50

30.6

32.2

13.50
39.0

17.00 JPY

45
40

39.0 %

32.8

35
30
25

8.00

20

6.00

15

4.00

10

2.00

5

0.00

0
FY2017/9

FY2018/9
FY2019/9
FY2020/9
Dividend (JPY)
Payout ratio (%)

FY2021/9 (forecast)* Needs Well conducted stock splits on May 12, 2017 at a ratio of 100 shares per share, on April 1, 2018 at a ratio of 2 shares per share, and on
January 1, 2019 at a ratio of 2 shares per share. Past annual dividends per share have been retrospectively adjusted based on these stock splits.
FY2021/9 2Q Financial Results101. 2021/9 2Q Financial report summary

2. 2021/9 Results forecast

3. Growth strategy

4. Reference

FY2021/9 2Q Financial Results

113.1) Management philosophy

Contributing Broadly to the Economy andSociety

FY2021/9 2Q Financial Results

123.2) Growth track
Oct 2020 Started Logistics, Connected Businesses
Net sales
Number of personnel

Aug 2019 Started AI Business
Jun 2019 Tokyo Stock Exchange 1st Section

Jun 2018 Tokyo Stock Exchange 2nd Section
Oct 2017 Started Solution BusinessSep 2017 JASDAQ-IPO
Apr 2013 Started developing Embedded Systems
Oct 2012 Started Infrastructure Services, transaction with leading
telecommunication carriersApr 2005 Started transaction with leading hotels
Apr 1998 Started transaction with leading
insurance companies

543

employees
by end of
FY2020Aug 1992 Started developing
Business System SI
EstablishedOct 1986
Started business consulting
FY2021/9 2Q Financial Results

Bankruptcy of Lehman
Brothers

COVID-19
Pandemic

FY2021/9 forecast
133.3) Medium-Term Basic Policy

Breaking away from the dispatch business,becoming a true system integrator

FY2021/9 2Q Financial Results

143.4) Our three strengths
Capacity for
financial systemdevelopment

Financial sector accounts for 50% of net sales inmain service line, Business Systems SI.
Particularly advanced in life insurance and accident
insurance sectors.
Strong performance record in developing systems
for banks, credit cards, and securities.

Proficiency indirect sales to
end users

High level of direct transactions with end
users such as life insurance companies,
leading hotels, telecommunications
carriers, etc., composing over 50% of
Proficiency insales.

direct sales to
end users

Ability toprovidesolutions

FY2021/9 2Q Financial Results

Capacity for
financialsystemdevelopment

Our
three
strengths

Ability toprovidesolutions

Provides solution services optimized foreach customer’s business objectives
through 5G, AI, RPA, remote work, etc.

153.5) 1 Performance targets
FY2023/9

10.0

Net
sales

1.0

Ordinary
profitbillion JPY

billion JPY

Billion JPY
10.0

CAGR (compound annual growth rate) 10.0

23.1

Billion JPY
1.0

%

0.5

0.0

0.0

2021

Existing businesses
FY2021/9 2Q Financial Results

24.8

%

5.0

2020

CAGR (compound annual growth rate) 1.0

2022
M&A

2023

2020

2021

2022

Existing businesses

2023

M&A
16

3.5) 2 Promotion policies: Sales growthMarket scale (our forecast)Logistics IoT software solutions market(WMS, etc.)2018

123.0 bil. JPY

66.7 bil. JPY

Smart cities market

2022

990.0 bil. JPY

2018

460.0 bil. JPY

AI’s major markets*

2023

64.0 bil. JPY

2018

19.6 bil. JPY

Logistics industry is facing a serious labor shortageas the selection of diversifying needs continues toincrease. There is urgent demand for immediate
investment in streamlining, improving quality, andreducing environmental burden through the use of
AI, IoT, etc.

Connected Business
Proceed to engage in connected technologies toenrich lives, such as smart cities which utilize IoT
and AI to make the entire neighborhood more
efficient and convenient, etc.

+1.2

+0.3
+0.9

FY2023/9

4.7

+2.3

M&A

* AI’s major markets: Image recognition, speech recognition, speech synthesis, language
analysis, search and retrieval, translation

billion JPY+
billion JPY

Demand for investment is high due to structuralreform for DX.
Introduce unique and differentiated products withintegration functions that utilize AI and RPA.

M&A

10.0

Sales growth

Solutions Business

Expand the scale of existing technologies andstrengthen/introduce new technologies. Focus
on logistics, connected functionality, AI, IoT, web,etc.

FY2021/9 2Q Financial Results

Unit: billion JPY

Existing businesses

2025

Logistics Business[Breakdown]• Existing
businesses• M&A

2.4 bil. JPY
2.3 bil. JPY

5.3

billion JPY
FY2020/9

173.6) Growth strategy
Promote improvement of corporate value

1

Launch Logistics & Connected Businesses

2

Focus
points6
7

FY2021/9 2Q Financial Results

3

Expand AI Business4

Expand nearshore development

5

Establish business foundation
Expand Solutions Business

Increase direct sales to end users

183.6)-1 Promote improvement of corporate value

Promote our management philosophy of“Contributing Broadly to the Economy and Society”
through improvement of the NeedsWell Value• Institutional investor• Individual investors• Media• Promotes CI, VI

IR

Capitalpolicy• Public offering• Issuing newshares• M&A

CI: Corporate Identity
VI: Visual Identity

Performance• Net sales growth rate 20%• Ordinary profit margin 10%• Gross profit margin 25%• SG&A expenses rate 10%• Net sales 10.0 billion JPY (FY2023/9)• Liquidity – market capitalization 10.0 billion JPY (FY2022/9)

FY2021/9 2Q Financial Results

Sustainability• ESG, SDGs
• Corporate
governance193.6)-2 Launch Logistics & Connected Businesses
Logistics ▶▶▶ Facing labor shortages as the needs of the Internet society

continue to increase → Increased demand for system development

Packaging WMS （warehousemanagement systems)
Scheduled for release insummer 2021

Warehouse

WMS (warehousemanagement system)

AGV(automated guided
vehicles)Optimized for integration with AGV
and WCS (warehouse control system)

Connected ▶▶▶ In addition to the conventional development of Embedded
Examples of development

Systems, enter the connected sector through datacollection/utilization, and contribute to building smart cities
through autonomous driving and medical care

• Image analysis programs for ultrasonicdevices (ultrasonic diagnostic equipment)• Programs for collecting large amounts ofanalytical data from blood, urine andother biological components, andproducing an image displaying the results

FY2021/9 2Q Financial Results• Programs that recognize objects and human bodies fromradar and sensor image data and control steering andbraking for autonomous driving• Programs to control devices that analyze radar and sensor
information at disaster sites, calculate optimal routes basedon comparisons with geographic information, andautomatically move vehicles
203.6)-3 Expand AI Business
Expand AI Business by expanding thelineup

AI Remote Education

Quantitative visualization of business talks with numerical values
and graphs.
AI comparison of information with top-performing models toprovide feedback on points needing improvement.
Utilizing know-how in integration for AI, AI-OCR, RPA, etc.

to propose solutions for overcoming the 2025 Digital Cliff

Promote DX in various industries
Public infrastructure

Distribution

Finance
Construction
FY2021/9 2Q Financial Results

Other industries

Telecommunications
Logistics

Manufacturing

213.6)-4 Expand nearshore development
Nagasaki Development Center aims to maintain
100 employees in FY2024/9
Utilize nearshore bases to acquire highly competentpersonnel and provide solutions for labor shortages
Personnel acquisition• Recruiting and training highly competentengineers who seek local employment

Recruiting from local universities
Recruiting U-turn and I-turn personnel
Nearshore utilization• Expand nearshore development system by
accepting orders for out-of-office projects• Promote transition from dispatch andresidential styles while standardizingnearshore development
FY2021/9 2Q Financial Results

223.6)-5 Establish business foundation
Establishing a business foundation for stabledevelopment into the future as a listed company
Business Systems SI• Expand into the financial sector byaccumulating business knowledge andtraining highly-skilled engineers• New development into the logistics sector

Infrastructure Services• Coordinate with Business Systems SI for
total orders

Connected Systems• Strengthen connected technology inaddition to specialization in
automobiles and medical equipment
FY2021/9 2Q Financial Results▶▶▶ Service line composition

Service lines that establish
the business foundation
Business Systems
SI
Infrastructure
Services
Connected Systems+
Service line that accelerates
business expansion andincreases added value
Solutions/Products,
etc.
233.6)-6 Expand Solutions Business
Expanding the Solutions Business to accelerate businessexpansion and increase added value
Expansion strategy• Add Needs Well’s unique integration functions for AI, RPA, etc.
to solutions provided by other companies.
• Package WMS (warehouse management system) developed by
the Logistics Business as a solution for the logistics industry
scheduled for release in summer 2021.

• Continuous research and development to quickly incorporate
future-oriented and cutting-edge technologies based on clientneeds and market trends.

Net sales
composition ratio

15.0%

5.6%

FY2020/9
results

FY2023/9
targetMay 2021• Established a specialized team to strengthen DX support.
• Support in-house system efficiency and DX with IT re-engineering service.

FY2021/9 2Q Financial Results

243.6)-7 Increase direct sales to end users
Stabilize orders and improve profitability,
maintain and expand end user direct sales ratio to over 50%
Maintain and expand existing users• Secure repeat customers• Train highly skilled engineers and expand thescope of expertise sectors• Cultivate new sectors of expertise

Cultivate new users• Horizontal expansion by introducing Needs Well’sdevelopment results and business know-how to
new companies that are similar to existing users

End user composition ratio

60%
55%

2020

FutureExpand Solutions Business
・Focus on Solution Business with a high ratio of sales to end users
FY2021/9 2Q Financial Results

253.7) 1 Initiatives directly linked to business
Aim for sustainable management through business strategies thatincorporate the perspectives of SDGｓ, ESG, and CSR
Nearshore Development Promotion: Nagasaki Development Center tomaintain 100 employees by 2024
Promote development by committing to QCD (quality, cost, and delivery) through remote development
system that utilizes nearshore bases.
Aim to maintain 100 employees at the Nagasaki Development Center by 2024 and contribute toprosperous urban development through the development of an industrial foundation, technologicalinnovation, and creating employment opportunities by utilizing highly competent local human resources.

Development of new solutions to assist DX
Assist client companies in realizing and promoting DX to overcome the "2025 Digital Cliff" by building
platforms using AI technology, providing systems, analyzing data, saving labor through RPA integration,
etc.
Contribute to building the industrial foundation of a digital society.

Collaboration with partner companies

Promote partnerships with contractors and suppliers and aim to establish a structure for continuing todevelop together over a long period of time.
Feb. 2020:
Entered into capital and business alliance agreement with ITFOR Inc.
Mar. 2020: Entered into core partner agreement with Meiji Yasuda Life Insurance Company and Meiji
Yasuda System Technology Limited
Dec. 2020: Started collaborating in logistics sector with Logi-Revo Co., Ltd. and Office FA.com Co., Ltd.
Mar. 2021: Entered into capital and business alliance agreement with souken-sys Inc.
FY2021/9 2Q Financial Results

263.7) 2 Initiatives supported by systems and activities
Work style reform & personnel development• Incentive dates for paid leave, Premium Friday, overtime target of 20 hours• Expand selection of employees eligible for remote work
• System for encouraging skill improvement and motivation

Increase ratio of female employees and managers

Target female manager ratio: 30%, target female employee ratio: 30%

AI education for students

Arrange AI programming experiences and 5 days/3 weeks internships for students
Conduct programming classes on apps for submitting electronic applications and creatinginteractive AI chatbots (2020)

Donate to assistance programs for repaying student loans

Contribute to projects by Nagasaki Prefecture for assisting young adults in the repayment of
their student loans
Develop leaders who will establish themselves and play central roles in the local community

Support for V-Varen Nagasaki of the Soccer J League

Concluded a sponsorship agreement to support the promotion of sports culture andrevitalization of the local community
Please view the following link for other initiatives and more information:
https://www.needswell.com/ir/sdgs
FY2021/9 2Q Financial Results27

1. 2021/9 2Q Financial report summary

2. 2021/9 Results forecast

3. Growth strategy

4. Reference

FY2021/9 2Q Financial Results

28Company profile
Company Name

Needs Well Inc

Head Office

13F, New Otani Garden Court, 4-1 Kioi-cho, Chiyoda-ku, Tokyo, 102-0094 Japan

Office- Shinjuku Office : 5F, South Tower, 13-15 Tomihisa-cho, Shinjuku-ku, Tokyo, 162-0067 Japan- Nagasaki Office: 5F, Meijiyasudaseimei Nagasakikozenmachi building, 2-21 Kozen-machi,
Nagasaki-shi, Nagasaki, 850-0032 Japan

Contact

TEL: +81-3-6265-6763 FAX: +81-3-6265-6764 URL: https://www.needswell.com

Representative

President and CEO

Established

October 1, 1986

Stock Listing

Tokyo Stock Exchange, 1st Section (3992)

Paid-in Capital

578 million JPY
as of March, 2021

Net sales

5,364 million JPY as of September, 2020

Number of Employees

565 as of April, 2021

Qualification

Worker dispatch businessPrivacy mark

Board of Directors
as of December, 2020

President and CEO
Kozo Funatsu
Senior Managing Director Nobumasa Goto
Executive Director
Takeshi Tsukada
Director
Hiromi Kimura
Director
Keiho Akiyama
Director
Kazuhiro Shinohara
Director
Hiroki Yanagawa
E
I
Director
Hideaki Sakaue
E
I

Kozo Funatsu

ISO27001 (ISMS) Certified
ISO9001 (QMS) Certified
Audit & Supervisory
Board Member Kazuhiko Kato
Audit & Supervisory
Board Member Kotaro Niwa
Audit & Supervisory
Board Member Mamoru Yasuoka

E

I

E

I

E ：External officer
I ：Independent officer
FY2021/9 2Q Financial Results

29

Business fields
Needs Well provides total IT services through four services focused on
Business Systems SI for finance.
Finance

Automobiles/
medical devices/IoT
Connected Systems

Business Systems SI

Solution

Solutions BusinessIT platforms

AI

Infrastructure Services

Solutions Business

Web

Distribution/service

Business Systems SI

Business Systems SI

Social infrastructure

DX

Business Systems SI

Business Systems SI

Logistics Business Systems SI
FY2021/9 2Q Financial Results

Telecommunications

Business Systems SI

30

Business system diagram
Clients

Direct transaction*

End user

Systemintegrator

Manufacturer

Needs Well

Business
Systems SI

Subcontractor/supplier

Infrastructure
Services

Partnercompany

Connected
Systems

Supplier

Solutions/
Products,
etc.

Order
Provision of services/products, etc.

* High level of direct transactions with end users (approx. 55% of all sales)
FY2021/9 2Q Financial Results

31

Business results ①
Net sales

2016

2017

Operating profit

Unit : million yen

2018

2019

2020

2021

１Q

1,217

1,341

1,418

1,348

２Q

2,470

2,724

2,809

2,818

2016

2018

2019

2020

2021

１Q

121

110

92

136

２Q

255

266

267

306

387

354

375

337

443

476

508

492

３Q

3,801

3,739

4,097

4,078

３Q

total 4,586

5,063

5,140

5,517

5,364

total

Ordinary profit

2016

ProfitUnit : million yen

2016

2019

2020

2021

１Q

82

76

59

89

２Q

174

185

179

206

248

236

255

231

287

325

347

347

2019

2020

2021

１Q

121

110

92

130

２Q

255

266

267

301

382

343

370

339

３Q

426

467

505

514

total

total

405

FY2021/9 2Q Financial Results

256

2017

Unit : million yen

2018

2018

３Q

2017

408

2017

Unit : million yen

32

Business results ②
Profit per share

2016

2017

ROE

unit：Yen

2018

2019

2020

2021

１Q

9.88

9.04

7.04

10.52

１Q

２Q

20.85

22.02

21.19

23.81

２Q

３Q

35.51

28.18

30.22

27.30

３Q

total 36.74

40.81

38.78

41.15

40.99

total

* Figures are after sprit adjusted as of May 12, 2017 ratio of 100 shares per share, as of Apr 1,
2018 ratio of 2 shares per share, as of Jan 1, 2019 ratio of 2 shares per share.

Total assets

2016

2017

2019

2020

2021

１Q

2,220

2,478

2,692

3,000

２Q

2,507

2,764

2,771

3,466

2017

2018

2019

2020

36.7

24.8

20.2

18.8

16.5

2021

* This index is updated every year

Net assets

2016

2019

2020

2021

１Q

1,480

1,697

1,918

2,236

２Q

1,573

1,809

2,040

2,628

1,042

1,635

1,878

2,105

1,496

1,725

1,973

2,231

2,062

2,772

2,629

2,956

３Q

total 1,661

2,438

2,697

2,688

2,997

total

820

2017

Unit：million Yen

2018

３Q

FY2021/9 2Q Financial Results

2016

Unit：million Yen

2018

unit：%

33

Business results ③
Capital adequacy ratio

2016

2016

2017

2018

2019

unit：Yen

2020

2018

2019

2020

2021

１Q

66.7

68.5

71.3

74.5

１Q

２Q

62.8

65.4

73.6

75.7

２Q

50.5

59.0

71.4

71.2

３Q

61.4

64.0

73.4

74.5

total 117.21 179.63 204.99 232.63 262.41

３Q
total

49.3

2017

Net assets per share

unit：%

2021* Figures are after sprit adjusted as of May 12, 2017 ratio of 100 shares per share, as of Apr 1,
2018 ratio of 2 shares per share, as of Jan 1, 2019 ratio of 2 shares per share.

* 2Q is total of 1Q and 2Q* 3Q is total of 1Q to 3Q* This index is updated every year

stock price：yen

1100

Stock chart■volumevolume：shares■closing price

600,000

1000

500,000

900

400,000

800

300,000

700

200,000

600

100,000

500

400

April 1, 2020 May 1, 2020 June 1, 2020 July 1, 2020

FY2021/9 2Q Financial Results

August 1,
2020

September 1, October 1, November 1, December 1,
2020
2020
2020
2020

January 1,
2021

February 1,
2021

March 1,
2021

0

34

• All statements described herein have been prepared by Needs Well based on the currently available
information.
• Actual results may differ from forecasts due to various factors in the future.

Corporate Communication Divisione-mail: ir-contact@needswell.com