Tokyo Stock Exchange First Section：Securities Code 3992

Needs Well Inc.

Financial Results
for the Third Quarter of Fiscal Year 2020
(October 20１９ - June 2020)
August 21, 2020

１． 2020/09 3Q Financial report summary

２． 2020/09 Forecasts

３． Growth Strategy

４． Action plans of growth strategy
５． Reference

FY2020/9 3Q Financial Results

21) Summary
3Q result slumped slightly
due to the negative impact of COVID-19
Net Sales
Ordinary Profit

With ｔemporary waiting, cancellation andpostponementof projectｓ 99.5% year-on-year
Due to decrease in sales 91.5% year-on-year■■１Q ■■２Q ■■３Q Unit: million yen

Ordinary profit

Net sales
4500

400

4000

350

3500

1,373

1,268

3000
2500

1,391

71

200

155

174

150

1500
1,341

1,418

500

100
50

0
FY'19/9 3Q

FY2020/9 3Q Financial Results

104

250
1,382

2000
1000

300

FY'20/9 3Q

110

92

0
FY'19/9 3Q

FY'20/9 3Q3２) Performance rate
Performance is expected to improveby activating new graduates■ 3Q Actual Performance rate FY20 plan (Unit: million yen)
4,078 Progress rate73.5%

5550

Operating Profit

337 Progress rate65.5%

５１５

Ordinary Profit

339 Progress rate66.5%

5１0

Profit231 Progress rate66.3%

3４9

Net sales■ Sales by the service lineup■Business Systems SI

Solution/ Products etc., 224(5.5%)

Embeddedsystems, 239

Temporary waiting and postponement occurred for some projects.
99.1% year-on-year.

■Infrastructure services(5.9%)

Continue development relatively stably. 101.1% year-on-year

Infrastructureservices, 403■Embedded systems

Net sales
4,078

Orders for manufacturing projects decreased. 83.6% year-on-year(9.9%)■Solution/ Products etc.

Business Systems SI, 3,210(78.7%)FY2020/9 3Q Financial Results（Unit: million yen）

Expanded AI solution lineup. The various cooperation functions
provided by leveraging the strengths of software development are
well received. 131.6% year-on-year

43） Analysis of operating profit
fluctuation factors
Earnings declined reflecting upfront investment toincreased new graduates■ Gain ■ Loss

Unit： million yen

３７５
337

Gross Profit
decreased dueto the spread of
the COVID-19

Decrease due to upfront
investment(Increase in new
graduates, etc.)▲10.1%
year onyear

Profit decreased due to temporal
expenses for HQ moving and Nagasaki
development center opening

Thorough cost reduction

FY19/９ 3Q Operating Profit
FY2020/9 3Q Financial Results

FY20/９ 3Q Operating Profit
54） Profit & loss results
Ordinary income ratio 8.3% (Still at high level)
Sales fell short of the initial forecast, while Upfront investment remains
at the initial forecast level to secure Needswell’s future growth.
FY19/9 3Q
Millions of JPY

FY20/09 3Q

Net sales
ratio

ResultResultNet sales ratioYear
on year

Net sales

4,097

-

4,078

-

99.5%

Business Systems SI

3,240

79.1%

3,210

78.7%

99.1%

Infrastructure services

399

9.7%

403

9.9%

101.1%

Embedded systems

286

7.0%

239

5.9%

83.6%

Solutions / Products etc.

170

4.2%

224

5.5%

131.6%

Gross profit

970

23.7%

950

23.3%

97.9%

SG&A expenses

595

14.5%

613

15.0%

102.9%

Temporary cost

0

0.0%

24

0.6%

ー

Others

595

14.5%

588

14.4%

98.7%

Operating profit

375

9.2%

337

8.3%

89.9%

Non-operating profit

0

0.0%

2

0.1%

14331.2%

Non-operating expenses

4

0.1%

0

0.0%

3.7%

Ordinary profit

370

9.1%

339

8.3%

91.5%

Profit

255

6.2%

231

5.7%

90.8%

FY2020/9 3Q Financial Results

65） Balance sheet results
Jul. 30,2020

Sep 30,2019Millions of JPY

ResultResultContinuous stable financial structure

Year on Year

AssetsCash and deposits

1,548

1,735

186

Accounts receivable

705

665

-39

Prepaid expenses

47

44

-2

Total current assets

2,326

2,476

149

65

53

-11

Investment securities

0

70

70

Deferred tax assets

102

143

40

Leasehold and guarantee
deposits

85

86

0

Insurance funds

76

76

0

Total non-current assets

361

479

118

2,688

2,956

268

Accounts payable

146

106

-40

Payable

128

133

5

Income taxes payable

100

86

-13

Provision for bonuses

241

138

-102

714

851

136

0

0

0

SoftwareTotal assets

Liabilities

Total current liabilities

Equity ratio at ７1．2％
Assets
Unit: million yen

Current
AssetsCurrent
Assets

2,476

2,326
Non-current
Assets361
End of FY2019

Noncurrent
Assets479
End of FY2020/09 3Q

Liability. Net Assets
Unit： million yen

Total non-current liabilities

714

851

136

Current
Liabilities

Share capital

414

414

0

714

Legal capital surplus

270

271

0

1,287

1,40４

117

0

13

13

Total net assets

1,973

2,105

131

Total liabilities and net assets

2,688

2,956

268

Total liabilities

Net
assetsRetained earnings brought
forwardValuation difference on
available-for-sales securities

FY2020/9 3Q Financial Results

Current
Liabilities

851

Net Assets

Net Assets

1,973

2,105

End of FY2019/09

End of FY2020/09 3Q7

１． 2020/09 3Q Financial report summary

２． 2020/09 Forecasts

３． Growth Strategy

４． Action plans of growth strategy
５． Reference

FY2020/9 3Q Financial Results

8１） Earnings forecast①
Despite the downward revision of sales and profit forecast
due to the spread of COVID-19

9 consecutive - year
increase in sales and earnings is projected
Unit: million yen

Net Sales

Operationg Profit

Ordinary Profit

Profit

FY20/09 Forecast
FY19/09 Performance

515 （+１．４％）508

510 （+１．０％）505

349 (+0.５％）347

FY20/09
FY2020/9 3Q Financial Results

5,550 （+0.6％）
5,517

Operating Profit 9.3%

Ordinary Profit 9.2％

Profit ６．３％
FY19/099

１） Earnings forecast②
Continuous growth of IT investment demand is expectedin the medium to long term, despite the currently stagnatedachievements
Current situation

NeedsWell aims to win orders and improve profitability.

■ Shift from the Resident type to the Remote type

-Promote development at the headquarters and nearshore base in Nagasaki■ Shift sales activities from face-to-face to via-online such as web conference■ Enhancement of product lineup of new solutions■

Expand business domain by developing systems for the logistics industry

After-Corona/With Corona Growth Strategy
Investment
for future growth

NeedsWell responds to development of projects that
increase with the recovery of domestic demand.

■ Secure excellent human resources and train with existing employees

Other efforts

NeedsWell considers dynamically.

■ Research and development of solutions utilizing AI technology■ Search for target companies to proactively pursue M&A growth
FY2020/9 3Q Financial Results

10２） Dividends and shareholder returns
The dividend forecast remains unchanged

Dividend per share
Increase by +2.50 yen from the previous year
Annual dividend forecast 16.00 yen/per share Payout ratio 38.9％
18.00 yen

16.00 yen

16.00
14.00
12.00

45％
40

13.50
12.50

12.50

30.6

32.2

38.9 ％

35
30

32.8

10.00

25

8.00

20

6.00

15

4.00

10

2.00

5

0.00

0
FY17/09

Annual dividend per share

FY18/09

FY19/09

Dividend(yen)Payout Ratio(%)

FY20/09(Projection)

Payout Ratio※ The company conducted stock split on 12th May 2017 at a ratio of 100 shares per share, the company conducted stock
split on 1st April 2018 at a ratio of 2 shares per share, the company conducted stock split on 1st January 2019 at a ratio of 2
shares per share. The past annual dividend per share has been adjusted for any stock splits retrospectively.
FY2020/9 3Q Financial Results11

１． 2020/09 3Q Financial report summary

２． 2020/09 Forecasts

３． Growth Strategy

４． Action plans of growth strategy
５． Reference

FY2020/9 3Q Financial Results

12１） Management philosophy

Extensive Contribution to the Society

Night view from Mt.Inasa, Nagasaki
FY2020/9 3Q Financial Results

13２） Growth track
Aug 2019 Started AI business
Jun 2019 Tokyo Stock Exchange First Section

Sales
Number of personalOct 2017 Started Solution Business
Jun 2018 Tokyo Stock Exchange Second Section
Sep 2017 JASDAQ-IPO

Apr 2013 Started developing embedded system
Oct 2012 Started infrastructure services, transaction withleading telecommunication carriersApr 2005 Started transaction with leading hotels
Apr 1998 Started transaction withleading insurance company
Aug 1992 Started
developing Business System SI

538
employees
2019/09

Establish-ed

Oct 1986
Started business consulting
FY2020/9 3Q Financial Results▲
2020/0914

３） Fundamental policy

Transformation of business style
from personnel dispatching toSystem integration

FY2020/9 3Q Financial Results

154) Targets“2010 Growth”
Sales Growth Ratio
２０％
Ordinary Profit Margin １０％“2510 Management Structure”
Gross Profit Ratio
２５％
SG&A expenses rate
１０％

TargetNear
futureMarketcapitalization

25 bil JPY

Liquiditymarket
capitalization

10 bil JPY

Net
Sales

10 bil JPY

2019/09

Dispatch business ▶▶▶ System Integration Business
FY2020/9 3Q Financial Results

16５） Strength
Source of NeedsWell’s strength 3 superiorities① High level of finance system SI ability
50% of sales of NeedsWell’s main business system development
are for finance sector.
NeedsWell has successfully achieved many system development
projects in insurance, bank, and credit card companies.

② More than 50% of③ High ability to propose

direct sales ratio

and provide solutions

More than 50% of sales are direct
sales to end-users such as life
insurance companies / leading
hotels / telecommunication carriers.

NeedsWell provides the mostsuitable solution service for thecustomers’ business purposes suchas 5G, AI, RPA, Remote work.

High quality system development
Knowledge accumulated with more than
20 years of system development
experiences

FY2020/9 3Q Financial Results

Wide range ofbusiness field / technical experiences

More than 300 company trade records

176) Growth strategy

6 Key Focus Points
Improvement of corporate value

1

6

2

Establishment of business foundation

3

Expansion of solution business4

Increase in direct sales to end-users

5

Launching of AI business
Establishment of nearshore development

FY2020/9 3Q Financial Results

186) Growth strategy

1. Improve corporate value -1Various approaches to improve corporate value- Institutional investor- Individual investors- Media- Promotes CI, VI

IR

Capitalpolicy- Public offering- Issue of new shares- Buyback- M&A

CI: Corporate Identity
VI: Visual Identity

Performance
Future Goals- Sales growth rate 20%- Ordinary profit margin10%- Gross profit margin 25%- SG&A expenses rate 10%- Net sales 10 billion JPY
FY2020/9 3Q Financial Results

Advancementof corporate
value

Sustainability- ESG, SDGs
- Corporate governance196) Growth strategy

1. Improve corporate value -2-

Aggressive alliances
and acquisitions to leverage NeedsWell’s strength
Actively pursue alliances and M&A with high synergies
to increase corporate value and expand business
PolicyCollaborate with counter parties, grow and prosper
together

PurposeAcquire new technologies, customers, and traderegions to strengthen NeedsWell’s capability andbrandsSecure development staff as a nearshore foothold

SchemeFY2020/9 3Q Financial Results

Business alliance, Capital alliance, Acquisition,
etc.

20

６） Growth strategy

２．Establishment of business foundation

Establish business foundation
to support continuous growthBusiness Systems SI
・Accumulate financial business knowledge
・Develop highly skilled technician
who can participate in upstream
process

Infrastructure services
・Coordination with Business Systems SI

Embedded systems
・Specialized in automobile andmedical equipment

FY2020/9 3Q Financial Results

Expanding offinancial field

Winningorders forlarge scale

Winningorders for
specialized
field
21

６） Growth strategy

３．Expanding solution business①
Best Solutions for Customers■ Solutions for securing information
Information security measures that will become more important with arrival of 5G andRemote work

Disarmer

Web Isolation■ Solutions for efficient operation
Promote work style reforming and resolve labor shortages by RPA and cloud
Automates routine work and streamlines telework

Short time implementation

Automate invoice entry

Speed EA service

Invoice PA service■ Solutions utilizing AI
Assist for the DX(Digital Transformation) by AI technology

FY2020/9 3Q Financial Results

22６） Growth strategy

3．Expansion of solution business②

Cut the introduction period in half！

Speed EA service
The full service of introducing Concur Expense for your company takes 7 months.

NeedsWell provides the original installation package service

Speed Expense Assist (Speed EA)
that packages only what is required to start operating Concur
Expense and realizes installation in a minimum of 3 months
introduction period
Minimize requirements
definition and test process
by using templates.

Minimum 3 months

Operation■ Accelerate operation and maximize

utilization efficiency of first year license.
■ Firm support for 3 months after operation.

Brush up while operation.

Standard introduction: 7 months minimum

FY2020/9 3Q Financial Results

Operation
23６） Growth strategy

3．Expansion of solution business③
Automate invoice input work with AI
Before introduction

Invoice PA service

Just scan the

After introduction

invoices！
Scan invoices one by one
Image/character
recognition AI engine(AI-OCR) reads
automatically↓AI determines type of
invoice statement↓
Automatic registrationin Concur Invoice

The operator manually inputs
the payment information

Labor saving！
Managed by Concur Invoice

FY2020/9 3Q Financial Results

Managed by Concur Invoice※ Scheduled to be available Oct 2020
※ Concur Invoice is SAP® Concur®
Invoice management system provided

24６） Growth strategy
４．Increase in direct sales with end users

Stabilize orders, Improve revenue
and Expand end-user ratio to over 50％① Maintain and expand existing users ・継続案件の確保
・Secure of repeat customers

Sales composition
ratio End-user ratio

・Develop highly skilled engineers andexpand their expertise・Develop new work fields② Cultivation of new users

60％

・Cross expansion by introducing development
experiences and business knowledge③ Expanding solution business

55%

2019

Future・ Focusing on solution business that shows high ratio in sales to the end-users

FY2020/9 3Q Financial Results

25６） Growth strategy

５．Launching of AI business
NeedsWell is developing an original brandfor AI solutions which assists the DX（Digital Transformation）,
named “ Work AI ”
For finance sector

For public
infrastructure

For manufacturingindustry

For distribution
serviceFortelecommunications

For other industry

First solution of Work AI (sales start on April 9, 2020).

Speak Analyzer analyzes and evaluates business talks of sales staff,
call-center operators, and so on, compares them to the best talk model andclarifies the user’s issues. Easy to use in telework.
A model that can analyze facial expressions and emotions will be developed.

FY2020/9 3Q Financial Results

26６） Growth strategy
６．Establishment of near shore development

Nagasaki Development Center, opened in Oct 2019,will have 100staff by September 2024

Promote hiring newly grads/
U-turn workers in Nagasaki,
and acquire highly competentpersonnel who seek local
employment.

To overcome the lost
opportunities caused by theshortage of personnel ｎearshore development
FY2020/9 3Q Financial Results27

１． 2020/09 3Q Financial report summary

２． 2020/09 Forecasts

３． Growth Strategy

４． Action plans of growth strategy
５． Reference

FY2020/9 3Q Financial Results

28１） Human resource development
Promoting work style reformation, increase skills and motivation
Utilize various system and tools to develop human resource

Work style reformation
Promotepaidholidays

Premium
FridayOvertime
target 20
hours

Utilize RPA

BPR
systemRemotework

ｅLearning

Qualificati
on
Promoting
SystemOperation
improveme
nt
committee

NeedsWellconference

Skill improvement
Trainings
for new
hire/newemployees

Trainings
for themanagement

Motivation Improvement
Shufflemeeting

FY2020/9 3Q Financial Results

MentorsystemLeaderappointing
systemPresident’s
SpecialPrize29２） ESG/SDGｓ
1. Initiatives directly linked to businessIn order to realize “Extensive Contribution to the Society",
Aiming for sustainable management with a business strategy thatincorporates SDGs, ESG, and CSR perspectives
Near Shore Development Promotion: Nagasaki Development Center
to be 100 staff by 2024
Promote development by committing to QCD with a remote development systemutilizing nearshore.
NeedsWell aims to have 100 staff in the Nagasaki Development Center by 2024
and contribute to the creation of a prosperous, industrial bases, technologicalinnovation, and employment by utilizing excellent local human resources.

Development of new solution to assist DX
By building a platform using AI technology, providing a system, analyzing data,
and labor saving realized by RPA cooperation, NeedsWell assists clientcompanies in the realization and promotion of DX .
We will contribute to building the industrial base of the digital society.
Collaboration with partner companies
In March 2020, NeedsWell entered into a core partner agreement with Meiji
Yasuda Life Insurance Company ・ Meiji Yasuda System Technology Limited forthe purpose of building a strong partner relationship for the future andmaintaining long-term development engineers.
FY2020/9 3Q Financial Results

30２） ESG/SDGｓ
２． Initiatives supported by systems and activities①
Promotion of Remote working
In response to the voices of NeedsWell’s employees, we have introduced awork-at-home system for the employees who are working shorter hours forchildcare and/or on childcare/family care leave.

Reduction of commuting load
reduces infection risk, stress, and fatigue of employees
Working at homepromotes women's success by reducing the hurdles for both men andwomen to balance home and work
Utilization of web conference
promotes paperless and protects forest resources
From April 2020, as a countermeasure for Covid-19,
NeedsWell is introducing our solution products related to remote work athome and providing them to customers.

FY2020/9 3Q Financial Results

Shut out unauthorized connections toremote work environments

Automates simple tasks and routine tasks by
RPA. Improves work efficiency of telework

Improve your business talk skills throughremote training. AI feeds back weak points

Settle expenses and manage invoices
anytime, anywhere in the cloud31

２） ESG/SDGｓ
２． Initiatives supported by systems and activities②
Promotion of diversity and gender equality
20% of NeedsWell’s employees are female, compared to ±10% in IT industry.
We foster the corporate culture to enable and encourage long-term
employment of female workers through changes of their life stage such as
marriage, childbirth and child raising. Almost all of NeedsWell’s female
employees return to work after giving birth and utilize time-saving and/or
telework system.
Director取締役

2020年新卒New
graduate

社員全体
employees

管理職Management

1７%

50%

２０%

６%

■Female

■Male

目標30%
Target: 30%

In April 2020, at the “Nagasaki Women's Achievement Promotion Council”,
NeedsWell made voluntary declaration for the active participation of women.
We will support women so that they can play an active role.
・Female managers ratio : 30% or more
・Female employee ratio : 30% or more・Overtime hours of all employees : Within 20 hours on average
・Promote remote work to make it easier for employees on childcare leave toreturn and realize flexible working styles
FY2020/9 3Q Financial Results

32２） ESG/SDGｓ
２． Initiatives supported by systems and activities③
Sport promotion support
NeedsWell concluded a sponsorship contract with
Soccer J League V. VAREN Nagasaki. We support
the promotion of sports culture and revitalizationof the region.

©２００５ VVN

©２０１８ VVN

IT education・ IT promotion by utilizing AI
NeedsWell holds an AI experience seminar for students offering a program toexperience the appealing aspects of AI.

Support of regional revitalization projects
NeedsWell is supporting the “Human resource development for young people whowill bear the future of the region” project that Nagasaki Prefecture is working on.

Reduction of electricity and paper usage
EGS members appointed from each department are
engaging in enlightening and fostering eco-consciousnessof employees.

Highly transparent governance system
In order to establish a more transparent and fair corporate system,
NeedsWell is constantly evaluating and reviewing NeedsWell’s governancesystem.
FY2020/9 3Q Financial Results33

１． 2020/09 3Q Financial report summary

２． 2020/09 Forecasts

３． Growth Strategy

４． Action plans of growth strategy
５． Reference

FY2020/9 3Q Financial Results

34１） Company profile※ As of September 30, 2019
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 *414 million JPY

Net sales *5,517 million JPY

Number of Employees *538

Qualification

Worker dispatch businessPrivacy mark

Board of Directors *President and CEO
Kozo Funatsu
Executive Director
Takeshi Tsukada
Executive Director
Nobumasa Goto
Director
Hiromi Kimura
E
I
Director
Hiroki Yanagawa

Audit & Supervisory
Board Member Kazuhiko Kato
Audit & Supervisory
Board Member Toshio Yamamoto E
Audit & Supervisory

Director

Board Member

Kozo Funatsu

Hideaki Sakaue

E ：External officer
I ：Independent officer

FY2020/9 3Q Financial Results

ISO27001 (ISMS) Certified
ISO9001 (QMS) CertifiedE

I

Yuji Dai

Audit & Supervisory
Board Member Kotaro Niwa

I

E
E

35

２） Business scope
NeedsWell’s

4 services
Solutions /Products etc.

FinanceBusiness Systems
SI

Distribution・Service

Information security
solution

Infrastructure

Solutions for operation
efficiency

CommunicationAI

Web
IT Platform

Car・
Medical Equipment
FY2020/9 3Q Financial Results

Infrastructureservices

Embedded systems
36３）Business system diagram
Clients

Direct transaction※

End-user

SystemIntegrator

NeedsWell
Business
systemsSI

Subcontractor/Supplier

Infrastructureservices

PartnerCompany

Embedded

Supplier

systems

Manufactur-er

Solutions /Products
etc.

Order
Provision of services
and products※ High level of direct transactions with end-users. For 55% of transactions.
FY2020/9 3Q Financial Results

374） Business results ①
Net sales

2016

１Q

2019
110

2020
92

2,809

２Q

255

266

267

4,078

３Q
Total

354
476

375
508

337

１Q

2019
1,341

2020
1,418

２Q

2,470

2,724

3,739
5,140

4,097
5,517

3,801
5,063

Unit: million yen

2018
121

2018
1,217

３Q
Total 4,586

2017

Operating profit

Unit: million yen

2016

408

Ordinary profit

2017

387
443

Profit

Unit: million yen

2016
１Q

2018
121

2019
110

2020
92

２Q

255

266

343
467

370
505

３Q
Total

405

FY2020/9 3Q Financial Results

2017

382
426

Unit: million yen

2016
１Q

2018
82

2019
76

2020
59

267

２Q

174

185

179

339

３Q
Total

236
325

255
347

231

256

2017

248
287

38

4） Business results ②
Profit per share

ROE
Unit: yen

2016
１Q

2018
9.88

2019
9.04

2020
7.04

１Q

２Q

20.85

22.02

21.19

２Q

28.18
38.78

30.22
41.15

27.30

３Q
Total

３Q
Total 36.74

2017

Unit： %

35.51
40.81

* 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.

2016

2017

2018

2019

36.7

24.8

20.2

18.8

* This index is updated every year

Total assets Unit: million yen

2016
１Q

2018
2,220

2019
2,478

2020
2,692

２Q

2,507

2,764

2,772
2,697

2,629
2,688

３Q
Total 1,661
FY2020/9 3Q Financial Results

2017

2,062
2,438

2020

Net assets

2016
１Q

2018
1,480

2019
1,697

2020
1,918

2,771

２Q

1,573

1,809

2,040

2,956

３Q
Total

1,635
1,725

1,878
1,973

2,105

820

2017

Unit: million yen

1,042
1,496

39

4） Business results ③
Capital adequacy ratio

Net assets per share

Unit： %

2016
１Q

2018
66.7

2019
68.5

2020
71.3

１Q

２Q

62.8

65.4

73.6

２Q

59.0
64.0

71.4
73.4

71.2

３Q
Total 117.21 179.63 204.99 232.63

３Q
Total

49.3

2017

Unit: yen

50.5
61.4

* 2Q is total of 1Q and 2Q* 3Q is total of 1Q to 3Q
Stock price：yen

900
800
700
600
500
400
300
200

FY2020/9 3Q Financial Results

Stock chart

2016

2017

2018

2019

2020

* 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.

* This index is updated every year

■Volume■closing pricevolume：shares

500,000
450,000
400,000
350,000
300,000
250,000
200,000
150,000
100,000
50,000040

- All statements described herein are based on NeedsWell’s judgment by currently
available information.
- Actual results may differ from forecasts due to various factors in the future.
Corporate Communication Division TEL: +81-3-6265-6763

e-mail：ir-contact@needswell.com