VisasQ : FY ending February 2022 Full Year Financial Results Presentation

FY ending February 2022

Full-Year Financial Results Presentation

(Matters related to business plans and growth potential)

VQ （Stock Code: 4490）

April 14, 2022

HIGHLIGHTS

・Completed the acquisition of Coleman on November 1, 2021.

VQ has grown to a knowledge sharing platform with a transaction volume exceeding 10 billion yen, over 460,000 registered experts, and 7 global locations.

・Post merger integration (PMI) has progressed smoothly, and we have established a system that allows us to utilize each others' databases.

・Consolidated financial results for the fiscal year ending February 2022 exceeded expectations and were strong.The forecast disclosed in October 2021 was revised upward.

*The balance sheet of Coleman has been consolidated from the third quarter, and the income statement from the fourth quarter.

MISSION

We make insightful connections possible between global leaders and people with expertise

VISION

To build a better future through a global platform that reduces barriers and enables the direct exchange of mission-critical knowledge

Table of Contents

1. Results for the Fiscal Year ending February 2022

• A -VQ's Results

• B -Coleman's Results

2. Future Growth StrategyAppendix

Results for the Fiscal Year ending February 2022

Summary of Consolidated Financial Statements

• • For the Fiscal Year ending February 2022, Coleman's P/L is consolidated only for Q4

• • Driven by growth in VQ's domestic business, results exceeded the forecast announced on October 15, 2021

• • Coleman also posted solid results due to the impact of earnings growth and yen depreciation

• • As announced on April 12, 2022, the full-year forecast announced on October 15, 2021 was revised upward

• • At VQ, transaction volume has grown due to an increase in new clients, hiring of new members and enhancing of services

• • One-time M&A expenses were lower by about 100 million yen

• • As a result of the above, operating income before amortization of goodwill and after one-time M&A expenses was 58 million yen, about 300 million yen higher than the previously forecasted △250 million yen

FY ending Feb 2022 (Mar 2021 - Feb 2022)
(million yen)	Full-year total	Previous year (March 2020 to February 2021)	Year-on-Year	Full-year earnings forecast announced on October 15, 2021 (Forecasts in parentheses have been revised upward on April 12, 2022)
Transaction volume	5,693	2,570	+121.5%	5,380 (5,693)
Operating revenue	3,702	1,604	+130.8%	3,400 (3,702)
Operating income Before amortization of goodwill Before one-time M&A expenses	746	-	-	-
Operating income Before amortization of goodwill After one-time M&A expenses	58	-	-	△250 (58)
Operating income After amortization of goodwill After one-time M&A expenses	△112	208	-	Undetermined (△112)