TAIPEI, TAIWAN - Media OutReach - 9 May 2022 -

Highlights and achievements for the first quarter of 2022

• Revenue grew by 53% year-over-year (YoY) to a historical high of 4.2 billion yen, growth rate reaching a three-year high
• Gross profit significantly grew by 60% YoY with an improved gross margin of 50%
• Operating profit turned positive since it entered the scaling phase of the business
• EBITDA margin achieved 6.2% with a record high EBITDA profit of 262 million yen
• Operating margin improved by 20 percentage points YoY and EBITDA margin improved by 10 percentage points YoY
• Continuous substantial growth from the US market with YoY revenue increasing over 14X, QoQ revenue increasing over 180% and reaching to 9% of total revenue
• Achieved 32% YoY growth in customer numbers with the lowest churn rate in the company history of 0.67%