BELLSYSTEM24 : Supplementary Materials for the Financial Results for Quarter Two of the Fiscal Year Ending Feb. 2023

Supplementary Materials for the Financial Results for Quarter Two of the Fiscal Year Ending Feb. 2023

Creating Better Communities through Communication

BELLSYSTEM24 Holdings, Inc.

October 12, 2022

Securities code: 6183

Q2 of FY Ending Feb. 2023 Result Summary

Revenue 78.29 billion yen, operating profit 8.18 billion yen and profit attributable to owners of parent 5.23 billion yen: Each of these figures rose steadily year on year.

Among others, operating profit jumped 13.6% year on year.

Revenue

Consolidate	Operating
Results	profit

Profit attributable

to owners of parent

78.29

8.18

5.23

billion yen	YoY	+7.1%
	Same period

billion yen YoY	+13.6%
Same period

billion yen	YoY	+6.2%
	Same period

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Q2 of FY Ending Feb. 2023 Result Overview

Revenue from fundamental business showed a steady rise as expected, climbing 0.94 billion yen or 1.5% year on year.

Revenue from business related to COVID-19 jumped 4.27 billion yen or 51.2% year on year.

The progress rates of revenue, operating profit and profit attributable to owners of parent against the consolidated forecast all reached or surpassed 50%.

						(Unit: billions of yen)
	Q2 of FY ended	Q2 of FY ending				Consolidated
		Same period YoY	Same period YoY
		Earnings	Progress rate
	Feb. 2022	Feb. 2023
		YoY Change	YoY Percent	Forecast
					Change
Revenue	73.11	78.29	+5.18	+7.1%	148.00	52.9%
Fundamental business
64.25	65.19	+0.94	+1.5%	133.10	49.0%
Business related to COVID-19	8.35	12.62	+4.27	+51.2%	14.00	90.1%
Other	0.51	0.48	-0.03	-5.7%	0.90	53.6%
Operating profit	7.20	8.18	+0.98	+13.6%	14.00	58.5%
Operating profit ratio	9.8%	10.5%				9.5%
Profit attributable to owners of parent	4.92	5.23	+0.31	+6.2%	9.20	56.8%
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Analysis of Change in Revenue for Q2 of FY Ending Feb. 2023

Revenue stood at 78.29 billion yen, up 5.18 billion yen or 7.1% year on year.

Revenue from fundamental business rebounded from the plunge in Q1 to rise by 0.94 billion yen, or 1.5% year on year, following the expansion of personnel- and

education-related business, non-face-to-face-related business including e-commerce and mail order business, and cashless payment-related business.

Revenue from business related to COVID-19 increased enormously, 4.27 billion yen or 51.2% year on year, mainly in services for vaccination and allowances.

(Unit: billions of yen)

Business related to

COVID-19Other78.29 -0.03

+4.27

	Fundamental
	business
73.11	+0.94

			+5.18
			(+7.1%)
Revenue Q2 of FY	Revenue Q2 of FY
ended Feb. 2022	ending Feb. 2023
	Revenue	Revenue

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Outstanding Fundamental Business under Pandemic

in Q2 of FY Ending Feb. 2023

[Personnel- and education-related business]

Following a temporary deterioration with the outbreak of COVID-19 in 2020, the recruitment and employment environment gradually improved. In addition, workforce mobility increased under the pandemic. Business performance has been on the rise since FY2021.

[Non-face-to-face-related business]

Under the pandemic, consumers prefer non-face-to-face services, such as e-commerce, delivery and mail order. These businesses are growing steadily on a year-on-year basis as their convenience is better recognized.

[Cashless payment-related business]

Sales promotion campaigns waged by different companies with the aim of extending QR code payment services came to an end. From FY2020, the number of projects gradually declined, but strong latent social demand remains for cashless payment, including credit cards, e-money and QR code payment. The business has been brisk since the start of the current fiscal year.

	Personnel- and education-		Non-face-to-face-			Cashless payment-
	related business		related business			related business
Trend in revenue	Trend in revenue		Trend in revenue

FY ended	FY ended	FY ending	FY ended	FY ended	FY ending	FY ended	FY ended	FY ending
Feb. 2021	Feb. 2022	Feb. 2023	Feb. 2021	Feb. 2022	Feb. 2023	Feb. 2021	Feb. 2022	Feb. 2023

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