BELLSYSTEM24 : Supplementary Materials for the Financial Results for Quarter One of the Fiscal Year Ending Feb. 2024

Supplementary Materials for the Financial Results for Quarter One of the Fiscal Year Ending Feb. 2024

Creating Better Communities through Communication

BELLSYSTEM24 Holdings, Inc.

July 12, 2023

Securities code: 6183

Q1 of FY Ending Feb. 2024 Result Summary

Revenue stood at 39.4 billion yen, up 0.3% year on year.

Operating profit decreased 3.3% year on year, to 4.1 billion yen, while profit increased 15.1% year on year, to 2.9 billion yen.

Revenue

Consolidated	Operating
Results	profit

Profit attributable to

owners of parent

39.4

4.1

2.9

Same

billion yen period YoY

Same

billion yen period YoY

Same

billion yen period YoY

+0.3%

-3.3%

+15.1%

2

Q1 of FY Ending Feb. 2024 Result Overview

Revenue stood at 39.37 billion yen, up 0.13 billion yen or 0.3% year on year.

• Revenue from fundamental business rose steadily by 3.24 billion yen year on year, to 35.76 billion yen, mainly reflecting the expansion of the new and existing projects.
• Business related to national policy matters including COVID-19 declined 3.04 billion yen year on year, to 3.44 billion yen.

Operating profit reached 4.14 billion yen, down 0.14 billion yen or 3.3% year on year.

Profit reached 2.94 billion yen, up 0.39 billion yen or 15.1% year on year.

• Increased significantly year on year, mainly reflecting an increase in the share of profit of investments accounted for using equity method and decreases in finance costs and income tax expenses.

(Unit: billions of yen)

					Consolidated
	Q1 of FY ended	Q1 of FY ending	Same period YoY	Same period YoY	Earnings	Progress
	Feb. 2023	Feb. 2024	YoY Change	YoY Percent	Forecast	rate
			(Planned)
				Change
Revenue	39.24	39.37	+0.13	+0.3%	157.00	25.1%
Fundamental business	32.52	35.76	+3.24	+10.0%	145.10	24.6%
Business related to COVID-19	6.48	3.44	-3.04	-47.0%	11.00	31.2%
Other	0.24	0.17	-0.07	-28.9%	0.90	19.1%
Operating profit	4.28	4.14	-0.14	-3.3%	13.80	30.0%
Operating profit ratio	10.9%	10.5%			8.8%
Profit attributable to owners of parent	2.56	2.94	+0.39	+15.1%	8.80	33.5%

3

Analysis of Change in Revenue for Q1 of FY Ending Feb. 2024

Revenue stood at 39.37 billion yen, up 0.13 billion yen, or 0.3%, from 39.24 billion yen in the previous fiscal year.

Revenue from fundamental business increased 3.24 billion yen, or 10%, year on year, partly reflecting a rise in revenue due to the conversion of a subsidiary in Vietnam to a consolidated subsidiary, as well as the strong performances of the personnel- and education-related business and cashless payment-related business.

Business related to national policy matters including COVID-19 decreased 3.04 billion yen, or 47.0%, year on year, primarily due to a decline in demand for vaccine-related services.

(Unit: billions of yen)

	Business related to
Fundamental business	COVID-19	Other

	+3.24	-3.04
39.24				39.37
		-0.07

	+0.13
	(+0.3%)
Q1 of FY ended	Q1 of FY ending
Feb. 2023	Feb. 2024
Revenue	Revenue

4

Outstanding Fields of Fundamental Business

in Q1 of FY Ending Feb. 2024

In the personnel- and education-related business, business related to mid-careeremployment assistance increased as corporate hiring interest remained strong.

Revenue from the non-face-to-face-related business remained strong overall due to the stable performance of insurance-related business, although demand for e-commerce- and delivery-related businesses started to decline in the middle of the previous fiscal year.

In the cashless payment-related business, QR code payment business remained strong and demand for credit- card-related business grew sharply.

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

FY2019

FY2020

FY2021

FY2022

FY2023 FY2019

FY2020

FY2021

FY2022

FY2023 FY2019

FY2020

FY2021

FY2022

FY2023

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