Earnings Results for the quarter ended Mar 2021 (Q2 FY 9/21)

PLAID, Inc. (4165, TSE Mothers) | May 2021

｜ © 2021 PLAID, Inc.

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Forward-Looking Statements

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the statements are made. In addition, these statements do not constitute a guarantee of future results. They are subject to risk and

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due to environmental changes and other factors.

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industries that the Company serves.

Even when new information is obtained or an event that is not forecast herein, etc. occurs in the future, the Company assumes no

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Additionally, the information concerning companies or groups outside the Company is quoted from public information and

elsewhere. The Company does not verify in any way or guarantee its accuracy, appropriateness, etc.

｜ © 2021 PLAID, Inc.

22

(JPY mil.)

Q2 FY9/21

Q2 FY9/20

YoY

Q1 FY9/21

QoQ

Overview

Net sales

1,322

955

＋38.4%

1,209

＋9.4%

Earnings Results

Cost of sales

340

264

＋28.7%

348

▲2.3%

Q2 FY 9/21

Gross profit

982

691

＋42.1%

861

＋14.1%

Gross profit margin

74.3%

72.3%

＋1.9pt

71.2%

＋3.1pt

•

JPY（1）1,322 mil. of Net sales,

SG&A

861

1,023

▲15.8%

848

＋1.6%

up 38.4% yoy basis

% of Net sales

65.1%

107.1%

▲42.0pt

70.1%

▲5.0pt

•

861 mil. of SG&A, down 15.8%

Operating income

120

▲332

-

12

＋846.6%

yoy basis

Operating margin

9.1%

▲34.8%

＋43.9pt

1.1%

＋8.1pt

•

120 mil. of Operating income

•

88 mil. of Net income

Non-operating income

3

0

＋658.3%

1

＋237.5%

Non-operating expenses

34

26

＋32.3%

175

▲80.3%

Listing expenses

29

24

＋22.6%

170

▲82.8%

Other

5

2

＋147.1%

4

＋24.8%

Ordinary income

89

▲358

-

▲161

-

Extraordinary losses

-

-

-

70

▲100.0%

Note: 1. All figures are JPY otherwise specifically mentioned

Loss on valuation of investment

-

-

-

70

▲100.0%

securities

｜ © 2021 PLAID, Inc.

Net income

88

▲358

-

▲232

-

33

Overview

Progress Against the Guidance for This Fiscal Year

  • Better progress compared with previous fiscal year

Net Sales for Q1-Q2 (6 months) FY 9/21

2,532 mil.

48.6%

Net Sales for Q1-Q2 (6 months) FY 9/20

1,841mil. 45.9%

｜

© 2021 PLAID, Inc.

Note: 1. Announced on December 17, 2020

Guidance(1) 5,211mil.

Results 4,007 mil.

44

Financial and Performance Results

Net Sales and ARR

  • 1,322 mil. of net sales, up 38.4% yoy basis
  • 5,169 mil. of ARR, up 39.2% yoy basis

Net Sales

ARR（2）

JPY mil.

JPY mil.

Growth rate of Net Sales

Growth rate of ARR

38.4%（Q2 FY9/20-Q2 FY9/21)

39.2%（Q2 FY9/20-Q2 FY9/21)

■ Subscription revenue（1） ■ Other revenue

■ Net increase in ARR

Notes: 1. The amount of revenue recognized from subscribers of KARTE (for Web) and KARTE for App, including KARTE Datahub and other add-on options, excluding initial

｜ © 2021 PLAID, Inc.

set-up and other one-time fees, for a given period / 2. ARR: MRR for the last full month of the given period * 12

55

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Plaid 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 08:11:08 UTC.