Financial Results of the 2nd Quarter of Fiscal Year Ending September 2021

CHANGE Inc.

Security Code: 3962

[Notes of caution] This document is an English translation of the Japanese original. In the event of any differences or inconsistencies between the Japanese and English versions, the Japanese language version shall take precedence.

Our Mission

Change People, Change Business, Change Japan.

[Notes of caution] This document is an English translation of the Japanese original. In the event of any differences

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or inconsistencies between the Japanese and English versions, the Japanese language version shall take precedence.

Our Issue

Change People, Change Business, Change Japan.

Now, here

Less than and equal 14 15 - 64 years Higher than and equal 65 Aging ratio

Source："Table 1-1-1-1 Japan's population transition" White Paper Information and Communication in 2016 MIC http://www.soumu.go.jp/johotsusintokei/whitepaper/ja/h28/html/nc111110.html

※based on data from the "Census" (MIC) until 2015 and the "forecasted population in Japan " (National Social Security and Population Problem Research Institute (2013 forecast)(median estimate for birth and death)

[Notes of caution] This document is an English translation of the Japanese original. In the event of any differences

‐ 2 ‐

or inconsistencies between the Japanese and English versions, the Japanese language version shall take precedence.

Our Vision

Changing Productivity

Human

x Tech

(Education & Training)

(NEW-IT)

[Notes of caution] This document is an English translation of the Japanese original. In the event of any differences

‐ 3 ‐

or inconsistencies between the Japanese and English versions, the Japanese language version shall take precedence.

2nd Quarter Overview

Overseas Finance Summary

[Notes of caution] This document is an English translation of the Japanese original. In the event of any differences

‐ 4 ‐

or inconsistencies between the Japanese and English versions, the Japanese language version shall take precedence.

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Change Inc. published this content on 13 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 May 2021 07:55:07 UTC.