Financial Results

For the Second Quarter of

the Fiscal Year

Ending March 31, 2022

Uluru Co., Ltd.

Securities Code: 3979

November 12, 2021

Contents

Quarterly Consolidated Financial Highlights

Business Segment Highlights

Appendix

1

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Quarterly Consolidated Financial

Highlights

2

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Executive Summary

Results/Whole

Net sales increased 28.5% YoY to 996 million yen, a record high for the second

quarter.

Both positive EBITDA of 34 million yen and operating profit of 15 million yen

were achieved despite aggressively investing in personnel expenses and

system-related outsourcing costs. The unused portion of the budget also contributed the surplus.

We will not revise our forecast at this time as we plan to allocate portions of the excessive sales and the unused budget to 3Q or later and to invest more

than initially planned.

Results/

Business

Sales of SaaS such as "NJSS" "fondesk" and "en-photo" increased 33.5% YoY.

The key service, "NJSS" recorded the lowest churn rate of 1.5% and steady growth in the sales of 22.1% YoY.

Topics

  • In order to increase the liquidity of the stock and expand the investor base, we conducted a 1:2 split of our common stock, effective October 1, 2021.

3

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Net Sales Trends

Record quarterly sales for 1Q, up 28.5% YoY.

SaaS Services such as "NJSS", "fondesk", and "en-photo" grew, and SaaS sales increased 33.5% YoY.

+28.5%

(JPY mm)

The other sales (OurPhoto・BPO・shufti)

+28.3%

996

SaaS Sales (NJSS・fondesk・en-photo)

966

925

775

842

339

320

692

271

253

625

604

635

602

603

560

579

269

533

505

247

482

176

435

219

202

405

253

264

211

240

200

197

162

150

133

588

626

653

676

506

360

367

385

400

445

458

285

307

319

320

333

348

271

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

FY18/3

FY19/3

FY20/3

FY21/3

FY22/3

4

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Uluru Co. Ltd. published this content on 08 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 December 2021 06:51:07 UTC.