ONDECK Co.,Ltd.

The Group operates primarily in the M&A market for mid-sized and small companies. While expanding and strengthening its diverse network of business alliances with public institutions, financial institutions and various professionals, it is actively working with its alliance partners to make proposals to companies with potential M&A needs. By coordinating its investment and consulting businesses at the Group level, it provides customers with a broad range of solutions and works to generate high-value-added deals. The Group considers the development of highly capable consultants essential to providing high-quality services, and is developing consultants by sharing practical expertise, including through research presentations on M&A issues such as structuring, based on past cases, as well as on the engagement and proposal processes. During the interim consolidated accounting period, the number of deals completed was 10, net sales were ¥416.957 million, operating loss was ¥104.950 million, ordinary loss was ¥104.028 million, and interim net loss attributable to owners of the parent was ¥70.793 million. As the Group has no significant segment other than its M&A advisory business, information on operating results by segment has been omitted. As of the end of the interim consolidated accounting period, total assets were ¥1,095.723 million, a decrease of ¥62.345 million compared with the end of the previous consolidated fiscal year. The balance of cash and cash equivalents at the end of the interim period was ¥501.462 million, net assets were ¥884.404 million, and total liabilities were ¥211.318 million. Cash flow from operating activities was negative ¥158.238 million, cash flow from investing activities was ¥33,000 (¥233 thousand on a thousand-yen basis), and cash flow from financing activities was negative ¥4.998 million. The Company prepares interim consolidated financial statements and has not presented comparative information for consolidated financial statements for the interim accounting period of the 18th fiscal year.