Slides
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FY27/4 1Q Financial Results September 10, 2026 Timee, Inc. (215A)
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Spot Work Net Sales Growth in the Food Industry Turned Positive 2 Spot work net sales in the food industry turned negative in FY25/10 2Q (Feb‒Apr 2025). However, by identifying the primary cause of the growth slowdown—usage restrictions led by clients’ management and headquarters—and implementing targeted countermeasures, net sales growth steadily improved. It rebounded to positive growth in FY27/4 1Q, and we aim to sustain further stable growth by expanding our long-term part-time hiring support plans. Background of Growth Slowdown and Negative Growth Recent Initiatives and Key Drivers of Growth Recovery Spot Work Net Sales YoY Growth Trend in the Food Industry Impact of Cost Control Measures Led by Management and Headquarters Strengthening Proposals to Clients’ Management and Headquarters and Expanding into New Verticals FY27∕4 1Q Nov-Jan 2Q Feb-Apr 3Q May-Jul 4Q Aug-Oct 1Q Nov-Jan 2Q Feb-Apr 1Q May-Jul FY26∕4FY25∕10 Strengthening Solution-Based Proposals: We communicate directly to clients' management that our value lies in providing a solution that drives their revenue growth, rather than simply being a cost associated with securing labor. We have also launched problem-solving joint projects with some of our major clients to improve customer turnover rates and address other key operational goals. Although frontline demand remains strong, management and headquarters of certain client companies have imposed cost control measures due to rising expenses. As a result, these clients have significantly restricted their use of Timee, currently limiting primarily to peak weekend demand. Lower Growth Hurdle: More than a year of negative growth has created an easier comparison base for YoY growth. Rollout into New Verticals: Expansion into contract services, such as institutional catering and cafeteria operations, is accelerating. Continued Positive Growth in August
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3 Long-Term Part-Time Hiring Support Plans: Full-Scale Launch from August 1 Reversing the Traditional Hiring Process Supporting the creation of touchpoints that allow workers to transition into long-term part-time roles through mutual understanding gained via Pre-part-time. Work with minimal mismatch! Interview Joining the company Mutual understanding (Working) Mutual understanding (Pre-part-time) Joining the company Traditional Hiring Process Our Plans
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Monthly Fee: From ¥20,000 / location *Fees are set based on the plan, number of targeted workers, and scale. 4 Long-Term Part-Time Hiring Support Plans: Pricing We offer three plans tailored to how clients wish to build relationships with workers. In addition to the spot work fee (30%), the monthly usage fee starts at ¥20,000 per location. Budget Acquisition Strategy By directly addressing long-term part-time hiring needs, we aim to capture a significant share of recruitment advertising budgets. Furthermore, this plan will accelerate the acquisition of new locations that currently rely solely on traditional job boards and have not yet adopted spot work, thereby expanding overall use of spot work. Three Customizable Plans Light Plan: Approach Light Plan: Connect Basic Plan ベーシックプラン Companies can approach workers previously engaged through spot work who are interested in long-term part-time employment. Companies can post Pre-part-time job listings for workers interested in long-term part-time employment and increase contact points. Companies can benefit from end-to-end support, from candidate engagement and relationship-building to recruitment management. Before After
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Long-Term Part-Time Hiring Support Plans: Early Adopters Long-Term Part-Time Hiring Support Plans Net Sales PoC Period A wide range of businesses, primarily in the food and retail industries, have adopted the plans ahead of full rollout. Initial momentum remains strong following the official launch. Unit: JPY MM 5
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6 Timee has entered into a co-creation partnership with ZEALS Co., Ltd., the developer of the semi-domestic compact humanoid "D1, " to create new spot work opportunities needed in the Physical AI era. The two companies will jointly explore new models of spot work that collect and organize the real-world data necessary to train and improve Physical AI. Key Initiatives Designing Spot Work for Physical AI We are exploring a framework for collecting the data robots need to operate in the real world through spot work. This includes capturing data on indoor guidance routes, reception tasks, item handovers, responding to user inquiries, and supportive actions by frontline staff. Initiatives for the Physical AI Era Move into Full Swing ZEALS’ Semi-Domestic Compact Humanoid "D1" Exploring Operational Systems to Ensure Data Quality We are reviewing work procedures, training, quality control, safety management, and reporting structures for data collection operations. This includes not just data collection but also operational design, covering recording formats, evaluation criteria, and methods to ensure reproducibility and protect privacy. Designing Spot Work in Robot Deployment and Operational Support We are exploring the use of spot work across peripheral tasks that support the social implementation of robots when deploying D1 to companies and facilities—such as assistance with delivery and setup, initial operational support, user guidance, monitoring operational status, and onsite reporting.
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Preparations to Apply for Market Segment Change to the Prime Market 7 At the Board of Directors meeting held on September 10, 2026, the Board resolved to commence preparations to apply for a change in market segment to the Prime Market of the Tokyo Stock Exchange(1). We aim to achieve growth over medium to long term and further enhance our corporate value. *1 The date of application for the change and the approval date are TBD at this time.
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From Defense to Offense 8
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FY27/4 1Q Financial Results Summary
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10 FY27/4 1Q Operating Results Summary Spot Work Retail industry was sluggish from late June as cool summer weather delayed seasonal demand. In addition, net sales growth of logistics industry slowed down in July due to the combined impact of cool summer weather, the situation in the Middle East, and lower volumes handled at a major client. Meanwhile, food industry achieved a return to positive sales growth ahead of schedule. Social care, a focus industry, progressed smoothly and maintained high growth. Transaction volume increased to JPY 33,687 million (+18.8% YoY), primarily driven by an increase in Active Accounts (AA). Average take rate remained high at 28.7%. Fill rate improved by 0.4 pt YoY to 86.3%. While it declined QoQ, this was in line with plan due to seasonality (off-peak season). The number of AAs was driven by logistics, retail, and social care, while growth momentum in food industry gradually recovered. The growth of transaction volume per AA turned positive in social care, following retail and logistics. Consolidated PL Net sales reached JPY 10.44 billion (+24.8% YoY), and operating profit stood at JPY 1.93 billion (+5.8% YoY, OPM 18.6%). Net sales for FY27/4 1Q progressed in line with plan. While spot work started somewhat weaker than planned due to a combination of macro factors and a factor specific to a single client, non-spot work businesses progressed smoothly and exceeded plan. Both operating profit and OPM progressed smoothly against plan. In FY27/4 1H, OPM declined YoY, reflecting continued active strategic investments in spot work alongside losses from multiple non-spot work businesses currently in their launch phase. FY27/4 Forecast Progress While FY27/4 1Q net sales for spot work started off slightly weaker than planned, we have identified the underlying factors (weather, Middle East situation, and a factor specific to a single client) and implemented countermeasures. Non-spot work businesses performed well, exceeding plan. Operating Profit progressed smoothly in line with plan, and we will continue disciplined and strategic investments. Supported by these measures and cost control, we continue to expect both net sales and operating profit to land within the forecast range. Non-Spot Work Timee Career Plus progressed smoothly, driven by productivity gains among career advisors. Timee Solutions also made steady progress, expanding the client portfolio of its contract services by leveraging expanded sales channels post-integration. Fully launched the Long-term part-time hiring support plans from August 1.
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1,703 2,108 1,650 1,832 Net sales reached JPY 10.44 billion (+24.8% YoY), and operating profit stood at JPY 1.93 billion (+5.8% YoY, OPM 18.6%). In FY27/4 1H, OPM declined YoY, reflecting continued active strategic investments in spot work alongside losses from multiple non-spot work businesses currently in their launch phase, yet progressed in line with plan. Net Sales Operating Profit 23/5-24/4 0 10,000 20,000 Unit: JPY MM Consolidated Net Sales and Operating Profit Trends(1) 24/5-25/4 30,000 0 25/5-26/4 10,150 10,856 9,461 8,367 7,817 7,855 8,642 6,574 6,105 6,345 5,121 3,987 1,851 1,413 1,454 1,073 1,151 568 217 832 40,000 8,000 38,835 30,890 21,559 2,769 5,793 7,295 +43.3% 1Q +24.8% +109.2% +25.9% 1Q OPM 21.9% 18.6％16.3% 26/5-27/4 +25.7% 23/5-24/4 24/5-25/4 25/5-26/4 26/5-27/4 10,443 1,937 1Q +5.8% Upper end 48,823 Lower end 47,613 Upper end 9,746 Lower end 8,821 10,000 6,000 4,000 2,000 11 Unit: JPY MMMay-Jul Aug-Oct Nov-Jan Feb-Apr *1 Due to a change in the fiscal year-end, FY26/4 was an irregular 6-month fiscal period from November 2025 to April 2026. The aggregate figures for the 12-month period from May to the following April (reference values) have not been audited or reviewed by an audit firm. May-Jul Aug-Oct Nov-Jan Feb-Apr
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FY27/4 1Q Consolidated Operating Results Net Sales Gross Profit Operating Profit Profit Attributable to Owners of the Parent Gross Profit Margin Operating Profit Margin Profit Margin 8,367 10,443 2,075 +24.8% 7,871 9,363 1,492 +19.0% 94.1% 89.7% 1,832 1,937 105 +5.8% 21.9% 18.6% 1,256 1,273 16 +1.3% 15.0% 12.2% Same Period LY (FY25/10 3Q) FY27/4 1Q Difference YoY Unit: JPY MM 12 ▲3.3pt ▲4.4pt ▲2.8pt FY27/4 1Q net sales reached JPY 10.44 billion (+24.8% YoY), gross profit stood at JPY 9.36 billion (+19.0% YoY, gross profit margin 89.7%), operating profit was JPY 1.93 billion (+5.8% YoY, OPM 18.6%), and profit attributable to owners of the parent reached JPY 1.27 billion (+1.3% YoY, profit margin 12.2%). Gross profit margin decreased by 4.4 pt YoY, primarily reflecting the consolidation of Timee Solutions, while OPM dropped by 3.3 pt YoY due to ongoing active strategic investments through FY27/4 1H and losses from multiple non-spot work businesses currently in their launch phase.
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While continuing strategic investments in focus areas, we remain committed to disciplined spending in existing domains. Improved efficiency through AI adoption and other initiatives have reduced traditional costs, enabling a gradual reallocation of resources toward “offense” , growth-oriented investments. Cost Breakdown as % of Net Sales(1)（Quarterly Trends） Break -even 13 Despite strategic investments in the Field Manager initiative (logistics industry) and the social care industry, the increase remained at +1.0 pt YoY, driven by improvements in unit economics in existing domains and disciplined control aligned with the number of job openings. Consolidated Cost Trends FY23∕10 OPM May- Jul Aug- Oct Nov- Jan Feb- Apr FY24∕10 FY25∕10 FY26∕4 FY27∕4 Worker Marketing: +1.0 pt YoY Increased by 4.4 pt YoY, primarily due to the consolidation of Timee Solutions (from FY26/4 1Q). In addition, the number of Field Managers deployed at client locations grew as part of our strategic investments. Cost of Sales: +4.4 pt YoY Decreased by 1.2 pt YoY, driven by efficiency achieved in existing operations through AI adoption and product development. While BPO costs gradually increased to support small- and medium-sized client acquisition, the increase was held to +0.9 pt YoY as achieving efficiency in existing operations by AI adoption and product development. Outsourcing +0.9 pt YoY HR: ▲1.2 pt YoY HR Worker Marketing Client Marketing Commissions Outsourcing OthersCost of Sales *1 Breakdown of SG&A costs is a non-GAAP item. HR costs include salaries for the sales team and back office, as well as hiring costs. Worker marketing costs and client marketing costs include ad costs (mostly digital) to acquire workers or clients. Cost of sales includes FM costs, career advisor costs, engineering costs for product improvements, and other costs. Others include other marketing (incl. promotional expenses), rent, fees paid to third-party sales agents, and other costs/commissions. May- Jul Aug- Oct Nov- Jan Feb- Apr May- Jul May- Jul Aug- Oct Nov- Jan Feb- Apr
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FY27/4 1Q Consolidated Operating Results (by Service) Unit: JPY MM Same Period LY (FY25/10 3Q) 8,297 8,367 51 70 2,051 1,832 Non-Spot Work ▲219 FY27/4 1Q 9,653 10,443 137 857 ▲66 638 2,355 1,937 ▲405 ▲12 Difference 1,355 2,075 86 787 304 105 ▲186 YoY +16.3% +24.8% +169.3% 12.2x +14.8% +5.8% ー Progress Rate Towards FY27/4 Forecast ー 21.7% 21.4% 14*1 The "Others" category in the segment information of the financial results (kessan tanshin) includes only "Timee Solutions" from the "Non-Spot Work" category mentioned above; all other services are aggregated under the "Timee business. ” *2 The primary adjustments are Timee Solutions spot work fee (net sales and cost of sales) and amortization of goodwill (SG&A). ー 21.9% 21.2% 25.9% 22.8% ー 22.0%19.9% ー 22.1%20.3% 27.6%11 627 56.8x Operating Profit Margin Operating Profit Margin 24.4%24.7% ▲312.9% ▲47.3% ー ー ▲0.3pt +265.6pt ー ー ー Net Sales Spot Work (Timee Career Plus) Non-Spot Work (Timee Solutions(1)) Consolidation Adjustments(2) Operating Profit Spot Work Consolidation Adjustments(2)
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Logistics Social Care Retail/Food Net sales growth rate of logistics industry slowed due to cooler summer weather and the situation in the Middle East (macro factors), combined with lower volumes handled at a major client (a factor specific to a single client). While reducing dependence on specific clients by continuing to deepen relationships with existing major clients, in line with our strategy to date, we are also accelerating our approach to untapped major clients where initiatives are already underway. Social care progressed smoothly, exceeding our baseline plan. Net sales for FY27/4 1Q progressed in line with plan. While spot work started off slightly weaker than planned, we have identified the underlying factors (weather, Middle East situation, and a factor specific to a single client) and implemented countermeasures. Non-spot work businesses performed well, exceeding plan. Operating profit progressed smoothly in line with plan, and we will continue disciplined and strategic investments. Supported by these measures and cost control, we continue to expect both net sales and operating profit to land within the forecast range. In the retail industry, the increase in the number of AAs was insufficient to offset the impact of reduced budgets for outsourced labor (macro factor) caused by the cool summer and the reactionary fall from a surge in the demand for stockpiled rice last year. The disproportionate allocation of resources to consulting proposals such as BPR, aimed at increasing the transaction volume per AA, was another factor. While no major shift from our existing strategy is necessary, given the primary influence of temporary factors such as weather, we will use the full-scale launch of the long-term part-time hiring support plans as an opportunity to strengthen our approach to expanding AAs. Food industry achieved a return to positive net sales growth ahead of schedule. Initiatives with Benesse Careeros and the development of dedicated products for the social care industry are making steady progress, laying a solid foundation for a YoY turnaround in net sales growth in 2H. Outlook for Consolidated Full-Year Forecasts Spot Work: Conditions and Strategies by Industry 15
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Progress toward the median of the full-year forecast range stood at 21.7% for net sales and 20.9% for operating profit. Net sales progressed at a pace comparable to the previous two periods. Although operating profit tracked behind last year, this is mainly due to strategic investments in 1H and new business launches, and progress remains in line with plan when taking into account the expected profit expansion toward 2H. Net Sales Progress Rate(1) 16 FY27/4 1Q Progress Rate Towards Consolidated Full-Year Forecast Operating Profit Progress Rate(1) *1 Figures for FY27/4 represent 1Q progress against the mid-point of the full-year forecast range. Figures for May 2025‒Apr 2026 and May 2024‒Apr 2025 represent the ratio of 1Q actuals to full-year actuals for each respective period. May - Jul Aug - Oct Nov - Jan Feb - Apr May - Jul Aug - Oct Nov - Jan Feb - Apr
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FoodLogistics OtherRetail Social care(2) Steady Expansion of Net Sales Due to Serious Labor Shortage 17 Retail industry was sluggish from late June as cool summer weather delayed seasonal demand. In addition, net sales growth of logistics industry slowed down in July due to the combined impact of cool summer weather, the situation in the Middle East, and lower volumes handled at a major client. Meanwhile, food industry achieved a return to positive sales growth ahead of schedule. Social care, a focus industry, progressed smoothly and maintained high growth. Net Sales（Spot work fee(1), Quarterly） *1 Net revenue basis (transaction volume × take rate). Includes the amount for spot work used by Timee Solutions (cumulative total from November 2025 onwards was 98M yen, before consolidation adjustments). *2 The“Social care" industry is separated from the "Other" industry and disclosed from FY24/10 4Q Spot Work Unit: JPY MM YoY +16.3% 75 157 251 259 306 466 889 1,169 1,724 2,413 3,643 3,382 3,985 5,114 6,340 6,093 6,567 7,835 8,619 7,766 9,352 8,297 10,401 FY20∕10 FY21∕10 FY22∕10 FY23∕10 FY24∕10 FY25∕10 FY26∕4 9,580 May- Jul Aug- Oct Nov- Jan Feb- Apr May- Jul Aug- Oct 9,653 Nov- Jan Feb- Apr May- Jul Aug- Oct Nov- Jan Feb- Apr May- Jul Aug- Oct Nov- Jan Feb- Apr May- Jul Aug- Oct Nov- Jan Feb- Apr May- Jul Aug- Oct Nov- Jan Feb- Apr May- Jul FY27∕4 FoodLogistics OtherRetail Social care(2) Unit: JPY MM 1Q YoY +12.6% 1Q YoY +4.0% 1Q YoY +16.6% 1Q YoY +18.1% 1Q YoY +58.4%
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Key KPIs: Company-wide Basis(1) Transaction volume grew by +18.8% YoY, primarily driven by an increase in AAs. The average take rate remained high at 28.7%. While AA growth was led by logistics, retail, and social care, growth momentum in food industry gradually recovered. In terms of transaction volume per AA, growth turned positive in social care, following retail and logistics. # of Active Client Accounts(4) Transaction Volume per AA Unit: Thousand Unit: JPY Thousand1Q YoY +18.8% 1Q YoY +12.8% *1 Includes the amount for spot work used by Timee Solutions (cumulative transaction volume from November 2025 onwards was 416M yen, before consolidation adjustments). *2 Wages + transportation costs paid to workers (unless otherwise indicated, "workers" refers to "spot workers") by employers *3 The take rate refers to the commission rate charged to clients. The average take rate is calculated by dividing total net sales from Timee platform by total transaction volume *4 # of registered client accounts that posted at least one job opening in a given month. Quarterly figures correspond to the sum of active client accounts for each of the three months in the quarter, which may result in the figures being higher than the # of unique registered client accounts that posted at least one job opening on our platform during the quarter. 1Q YoY +5.3% 18 Spot Work Feb- Apr May- Jul Aug- Oct Nov- Jan May- Jul FY26∕4 FY27∕4FY25∕10 FY26∕4 FY27∕4FY25∕10 FY26∕4 FY27∕4FY25∕10 Transaction Volume(2)/ Average Take Rate(3) Unit: JPY MM Average Take Rate（right） Transaction Volume（left） Feb- Apr May- Jul Aug- Oct Nov- Jan May- Jul Feb- Apr May- Jul Aug- Oct Nov- Jan May- Jul
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19 Growth in transaction volume declined QoQ due to the impact of cool summer weather and the situation in the Middle East (macro factors), combined with lower volumes handled at a major client (a factor specific to a single client). While macro factors are temporary, we continue to monitor them closely. We are accelerating measures to mitigate the impact of the client-specific factor. Transaction Volume YoY Growth Rate (Quarterly Trend) 3Q May-Jul 4Q Aug-Oct 1Q Nov-Jan 2Q Feb-Apr 1Q May-Jul FY25∕10 FY26∕4 FY27∕4 +27.9% +21.1% +21.0% +24.9% +18.8% Cool Summer Weather (Macro Factor) Due to lower temperatures compared to last year, seasonal demand failed to pick up. The Middle East Situation (Macro Factor) While some major clients saw demand brought forward into the April‒June period, this was followed by a reactionary decline from July onward. Negative impacts were particularly pronounced among small and medium-sized clients downstream in the supply chain. Client-Specific Factor (Countermeasures Already Underway) A decline in volumes handled at a major client in the logistics sector (and its subcontractors) led to lower usage of spot work. While reducing dependence on specific clients by continuing to deepen relationships with existing major clients, in line with our strategy to date, we are also accelerating our approach to untapped major clients where initiatives are already underway. Logistics/Retail Logistics Logistics Recent Macro and Industry EnvironmentSpot Work
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Key KPIs: Logistics Industry(1) Despite a combination of macro and client-specific factors, transaction volume maintained a growth rate above 20%. In addition, transaction volume per AA continued to grow following the previous quarter, driven by deeper client engagement through Field Manager initiatives and the Smart Group feature. Unit: Thousand Unit: JPY Thousand1Q YoY +22.0% 1Q YoY +20.3% 1Q YoY +1.4% 20 Spot Work *1 Includes the amount for spot work used by Timee Solutions (cumulative transaction volume from November 2025 onwards was 416M yen, before consolidation adjustments). Feb- Apr May- Jul Aug- Oct Nov- Jan May- Jul Feb- Apr May- Jul Aug- Oct Nov- Jan May- Jul Feb- Apr May- Jul Aug- Oct Nov- Jan May- Jul FY26∕4 FY27∕4FY25∕10 FY26∕4 FY27∕4FY25∕10 FY26∕4 FY27∕4FY25∕10 # of Active Client Accounts Transaction Volume per AATransaction Volume/ Average Take Rate Unit: JPY MM Average Take Rate（right） Transaction Volume（left）
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21 Despite temporary impacts of macro and client-specific factors, our core strategy remains largely unchanged. Strong demand continues for our Field Manager initiative and Smart Group feature, driving ongoing deeper engagement with existing major clients. Locations that use the Smart Group feature are expanding rapidly, prompting numerous clients to switch from traditional dispatch to Timee. Spot Work Logistics: Deepening Client Engagement Through Diverse Solutions Progressing Smoothly about 100 FMs Continuing steady recruitment to meet robust demand Over 2,000 locations The number of client locations posting jobs via Smart Group is growing rapidly Visualization of highly skilled workers Spot-on recruitment of individuals with specific skills required over 2x Maintaining high effectiveness after the deployment even as the number of deployed FMs increases YoY Transaction Volume at Locations with FM Deployed 21 Shortage FMs Deployed at Client Locations Locations Utilizing Smart Group Feature
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Key KPIs: Retail Industry AA growth was weaker than expected as clients reduced their outsourced labor budgets due to the cool summer weather and the reactionary fall from a surge in the demand for stockpiled rice last year. Transaction volume per AA continued to achieve stable positive growth. 1Q YoY +18.3% 1Q YoY +11.3% 1Q YoY +6.3% 22 Spot Work Feb- Apr May- Jul Aug- Oct Nov- Jan May- Jul Feb- Apr May- Jul Aug- Oct Nov- Jan May- Jul Feb- Apr May- Jul Aug- Oct Nov- Jan May- Jul FY26∕4 FY27∕4FY25∕10 FY26∕4 FY27∕4FY25∕10 FY26∕4 FY27∕4FY25∕10 Unit: Thousand Unit: JPY Thousand # of Active Client Accounts Transaction Volume per AATransaction Volume/ Average Take Rate Unit: JPY MM Average Take Rate（right） Transaction Volume（left）
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Key KPIs: Social Care Industry Transaction volume maintained high growth. While AA growth slowed due to the concentration of sales resources on large clients, transaction volume per AA turned positive. 1Q YoY +59.2% 1Q YoY +51.0% 1Q YoY +5.4% 23 Spot Work Feb- Apr May- Jul Aug- Oct Nov- Jan May- Jul Feb- Apr May- Jul Aug- Oct Nov- Jan May- Jul Feb- Apr May- Jul Aug- Oct Nov- Jan May- Jul FY26∕4 FY27∕4FY25∕10 FY26∕4 FY27∕4FY25∕10 FY26∕4 FY27∕4FY25∕10 Unit: Thousand Unit: JPY Thousand # of Active Client Accounts Transaction Volume per AATransaction Volume/ Average Take Rate Unit: JPY MM Average Take Rate（right） Transaction Volume（left）
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Social Care: Recent Initiatives 24 Net sales in the social care industry progressed smoothly, outpacing our baseline plan. In our partnership with Benesse Careeros, full-scale Timee adoption across Benesse Group facilities drove sales growth, while client referrals via Benesse Careeros also gradually commenced. The continuous release of new features specialized for the social care industry has rapidly enhanced product value, laying a solid foundation for a YoY turnaround in net sales growth in 2H. Continuous Rollout of Industry-Specific Features Improving Fill Rates By setting required core hours, clients allow workers to flexibly choose their start and end times when applying, provided the shift covers the designated core period. Flexible Time Slot Shift Schedule Onboarding Training This feature displays "who is coming, on which date, and at what time" at a glance using a worker-by-date matrix familiar to social care facility managers. This feature automatically conducts statutory worker training within the app while enabling real-time tracking and management of completion status. Spot Work Enhancing Client Convenience Enhancing Client Convenience
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Transaction volume achieved positive growth. While AA growth accelerated QoQ, growth in transaction volume per AA also recovered to flat levels. Joint projects with certain major clients got off to a smooth start, and rollouts to contract services, such as institutional catering and cafeteria operations, progressed steadily. 1Q YoY +4.8% 1Q YoY +5.0% 1Q YoY ▲0.2% 25 Key KPIs: Food IndustrySpot Work FY26∕4 FY27∕4FY25∕10 FY26∕4 FY27∕4FY25∕10 FY26∕4 FY27∕4FY25∕10 Unit: Thousand Unit: JPY Thousand # of Active Client Accounts Transaction Volume per AATransaction Volume/ Average Take Rate Feb- Apr May- Jul Aug- Oct Nov- Jan May- Jul Feb- Apr May- Jul Aug- Oct Nov- Jan May- Jul Feb- Apr May- Jul Aug- Oct Nov- Jan May- Jul Unit: JPY MM Average Take Rate（right） Transaction Volume（left）
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Achieving a Stable and High Fill Rate Fill rate remained high at 86.3%. While it declined QoQ due to seasonality (off-peak season), it improved by 0.4 pt YoY. Fill Rate(1) 26 Spot Work *1 The fill rate refers to the matching rate, which is calculated by dividing # of job positions filled by # of job openings posted by clients 1Q YoY +0.4pt 100.0% 75.0% 50.0% 25.0% 0.0% May- Jul Aug- Oct Nov- Jan Feb- Apr May- Jul Aug- Oct Nov- Jan Feb- Apr May- Jul Aug- Oct Nov- Jan Feb- Apr May- Jul Aug- Oct Nov- Jan Feb- Apr May- Jul Aug- Oct Nov- Jan Feb- Apr May- Jul Aug- Oct Nov- Jan Feb- Apr May- Jul FY20∕10 FY21∕10 FY22∕10 FY23∕10 FY24∕10 FY25∕10 FY26∕4 FY27∕4
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27 Timee Career Plus, Timee SolutionsNon-Spot Work Both Timee Career Plus (full-time employee placement) and Timee Solutions (contracting) progressed smoothly relative to plan. Timee Career Plus Timee Solutions Development of the direct recruiting platform progressed solidly Career Advisor productivity (interview placement rate) improved steadily through the diligent execution of initiatives, such as role-playing exercises 1Q YoY 2.6X Sales channel expansion resulting from the business integration broadened the client portfolio for contracting services The Field Manager business (FM dispatch), which succeeded in August 2026, continued to maintain steady FM recruitment (1) 11 28 368 405 638 3Q May-Jul FY25∕10 FY26∕4 FY27∕4 Before Consolidation FY25∕10 FY26∕4 FY27∕4 Unit: JPY MM Unit: JPY MM 4Q Aug-Oct 1Q Nov-Jan 2Q Feb-Apr 1Q May-Jul FM DispatchContracting 3Q May-Jul 4Q Aug-Oct 1Q Nov-Jan 2Q Feb-Apr 1Q May-Jul *1 For disclosure purposes, Timee Solutions’ figures include FM dispatch fees incurred prior to August 2026.
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Appendix
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About Timee
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30 Company Profile Company name Established Business operations Address Timee, Inc. Timee Timee Career Plus Timee Solutions August 2017 Shiodome City Center 35th Flr. 1-5-2 Higashi-shinbashi, Minato-ku, Tokyo Founder & President Service Launched HQ & Branch # of employees(1) Ryo Ogawa Tokyo (HQ), Osaka, Nagoya, Fukuoka, Sendai, Hiroshima, Hokkaido, and Ishikawa August 2018 1,416 regular employees, in addition to 6 Directors, 3 Auditors, and 617 temp staff Vision Mission Helping individuals create more valuable time Building infrastructure for expanding life’s possibilities through work *1 As of July, 2026. The number of regular employees and temp staff is on a consolidated basis, while the number of directors and auditors is for Timee, Inc. on a non-consolidated basis.
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31 Labor Market(1) Solutions(2) Potential to Redefine ”Work” ー Solutions for Securing Human Resources are Now “Employee”- oriented Services *1 Based on the judgment of employment conditions of all industries of all sizes from ”Short-Term Economic Survey of Enterprises in Japan (Tankan)” (index of “Excessive employment” minus “Insufficient employment”) *2 For illustrative purposes only
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32 Service List On-demand job platform that matches “the time when someone wants to work” and “the time when workers are needed” Full-time employee placement service utilizing Timee Resume (1) Contracting business of logistics warehouse operations, etc. utilizing spot work Timee Career PlusTimee Timee Solutions *1 Resume automatically generated based on spot worker’s performance data. This feature is enabled only upon the candidate's request and is not applied automatically without explicit opt-in.
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Find quality workers within minutes efficiently On-Demand Job Platform “Timee” Instant Matching Direct employment contracts （day labor） ClientsWorkers Work anytime, anywhere, within minutes without interviews 33*1 As of the end of July 2026. Accumulated figures since the launch of the service. *2 Each registered client account generally corresponds to one client work location Timee is an on-demand job platform that matches “the time when someone wants to work” and “the time when workers are needed” . 300 200 100 10,000 00 400 5,000 15,000 500 FY27/4FY19/10 FY20/10 FY22/10 FY23/10 FY24/10 FY25/10FY18/10 FY26/4FY21/10 # of registered workers(1) 14.7 #of registered client accounts(1)(2) 488 Thousand 600 Unit: Thousand Unit: Thousand # of registered workers （right） # of registered client accounts (2)（left） Million
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Profile of Workers (1) and Clients (2) 2% Others 34 41% Logistics 30% Retail 15% Food / Restaurant 6% Hotel 6% Social Care Others include ● Cleaning ● Food Manufacturing, etc ● Building Maintenance Female 48% Gender 52% Male Age Group 20% 20s 19% 30s 24% 40s 25% 50s 4% 10s 9% 60s+ 21% Regular employee 33% Part-time / Contract / Temp Employee 12% Student11% Self-employed / Freelance 24% Others Others include ● Unemployed (13%) ● Homemaker (7%), etc. Occupation (3) *1 Calculated based on App registration information and # of job positions filled (App registration information is as of the end of July 2026 and # of job positions filled is for the month of July 2026) *2 Calculated based on # of job openings posted by clients by industry (FY27/4 1Q) *3 Excluding the job positions filled by workers who have not provided occupation as of the end of July 2026, which accounts for c.26% of total job positions filled
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35 Providing Value to Both Workers and Clients Service design chosen by workers and clients ClientsWorkers *1 Excluding the long-term part-time hiring support plans Dedicated Support
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36 No More Resumes & Interviews. The World of Work Made Simple
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37 Further Platform Expansion through Clear Value Proposition and Network Effects *1 Growth rate of the # of job openings posted by clients from May-Jul 2025 to May-Jul 2026 *2 Cumulative # of registered workers as of the end of July 2026 since the launch of the service and compared to that as of the end of July 2025 *3 Calculated by dividing # of job positions filled by # of job openings posted by clients in FY27/4 1Q *4 Cumulative # of registered client accounts as of the end of July 2026 since the launch of the service and compared to that as of the end of July 2025 +13%(1) YoY 488K(4) +24% YoY c.86%(3) 14.7M(2) +23% YoY
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38 Establishing an Overwhelming Industry Presence Even Amid the Increase in New Entrants to the Market Although the competitive environment is changing due to the increase in new entrants, the position of the No.1 on-demand job platform in Japan remains unchanged due to the first-mover advantage and high industry recognition. *1 Calculated by dividing # of job positions filled by # of job openings posted by clients in FY27/4 1Q. *2 % of workers who have worked at least twice at the same workplace out of total workers with reviews since the launch of the service as of the end of July 2026 *3 No show indicates absences without notice. Numerator is the # of absences without notice from May 2026 to July 2026 . Denominator is the # of actual total job positions filled in the same period *4 The # of sales representatives as of July 2026 *5 Based on the worker usage rate in terms of worker and on the # of job postings in terms of clients *6 The worker usage rate is the proportion of worker-respondents that had chosen a given service when using on-demand job platforms in the previous year, based on an online survey, “Survey on the Actual State of On-demand Job Services” , commissioned by Timee and conducted by Macromill (Survey period: July 10 to July 14, 2026 / Target: 1,034 men and women aged 18 to 69 who have experience of on-demand jobs within the past year). *7 # of job postings is based on a survey, “Market Research in On-demand Services as of July 2026” , commissioned by Timee and conducted by the Japan Marketing Research Organization (Survey period: June 8 to July 8, 2026) *8 Spotwork Market Size Estimate Report (Spotwork Institute) (https://spotwork.timee.co.jp/entry/report/marketsize-2025) worker usage rate(6) High Fill Rate 86％(1) Competitive advantage ① Workers who work well % of Repeat workers：65％(2) No-show rate: c.0.3％(3) Competitive advantage ② Support from Sales Representative # of Sales Representatives：823(4) Competitive advantage ③ No.1 Position(5) as Pioneer in Japan # of job postings(7) Company A Timee Company B Estimated market share(8)
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39 Multiple Benefits of Using Timee *1 Fill rate of part time job openings is calculated by dividing # of employment by # of new job openings in Japan, from May 2026 to July 2026, from “Employment Security Business Statistics” , Ministry of Health, Labor and Welfare *2 Timee’s fill rate is calculated by dividing # of job positions filled by # of job openings posted by clients during FY27/4 1Q *3 % of 10s-20s workers out of total temp workers dispatched from temp agencies in Japan based on “Labor Force Survey” (July 2026), Statistics Bureau of Japan *4 % of job positions filled by 10s-20s workers in July 2026, based on App registration information (respondents only) *5 Calculated as (average dispatch fee-average wage for dispatch workers between April 2024 and March 2025)/average dispatch fee, which shows the margin level for temp agencies. Based on “Labor Dispatch Business Report” (2024), Ministry of Health, Labor and Welfare Part-time job Openings in Japan Average Fill rate (1) c.15% Fill rate(2) c.86% 16%(3) 24%(4) Temp Workers in Japan Average Fee for Temp Agencies Fee for Timee Wage for Worker Wage for Dispatched Worker Temp Agencies in Japan c.36%(5) Take rate c.30% Easy to Secure Workers Necessary for Clients 10s-20s Others Easy to Secure ”Young Workers” “Low” Staffing Cost for Clients Clients can secure young and ample workers in minutes at a low cost with Timee.
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Long-term Part-time Hiring Support Plans: Service Concept and Value Proposition Reversing the Traditional Hiring Process Supporting the creation of touchpoints that allow workers to transition into long-term part-time roles through mutual understanding gained via Pre-part-time 40 We have added the long-term part-time hiring plans to our existing spot work services. Clients can efficiently approach spot workers for long-term part-time employment, aiming to re-accelerate growth in the food and retail industries. Worker Interview Joining the company Mutual Understanding (Pre-part-time) Traditional Hiring Process Our Plans Client Mutual Understanding (Working) Service Concept Value Proposition: Long-Term Part-Time Hiring Support From Spot Work Work and earn while you search Find the right fit via spot work Pre-screening Confirm the workplace culture before committing High starting hourly wages Performance on Timee reflected in hourly wages High worker attraction, even for hard-to-staff locations High fill rates, even in rural areas Prevention of hiring mismatches Hiring based on "actual performance" uncoverable in interviews or resumes Reducing the burden on the ground Recruit from a pool of high-performing workers Manage both daily staffing needs and long-term part-time hiring Joining the company
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41 Significant budgets remain for job boards. By directly addressing clients' long-term part-time employment needs, we aim to secure job board posting budgets that have been struggling to be spent on spot work. Budget Acquisition Strategy Budgets for spot work are tending to be constrained by cost inflation. Conversely, significant budgets remain for job board costs to hire long-term part-time staff. We aim to secure budgets by addressing clients' total talent acquisition needs, including not only spot work but also long-term part-time hiring. Fees for Spot Work Job Board Costs Fees for Spot Work Fees for Long-Term Part-Time Hiring Support PlansTimee Net Sales Total Client Budget Long-term Part-time Hiring Support Plans: Aiming to Secure Budget Spent on Job Boards Before After
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By leveraging a spot-work platform that attracts people across Japan, we will first prioritize stores that have struggled to hire workers and have had almost no success with traditional recruitment advertisements. 42 What Makes It Possible to Hire Workers at Stores That Struggled to Do So? Job Boards (Advertising Model) Timee (Performance-based) Since applications are processed on a first-come, first-served basis, if a popular position is filled, applicants will apply for other positions. This prevents stores from struggling to recruit. Popular job openings attract more applications than necessary, while unpopular ones attract none. Long-term Part-time Hiring Support Plans: Prioritizing Stores Facing Recruitment Difficulties
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43 A full-time placement service for deskless workers. Timee Resume(1) dramatically streamlines the traditional hiring process of full-time employees. Service Overview Fee Structure 30% of annual salary per new hire Features The Timee Resume enables highly accurate matching while dramatically streamlining the traditional hiring process of full-time employees. Consulting on job postingProviding job postings Viewing job postings, applying Selection and Hiring Timee Resume Resume automatically generated based on work performance data 【Information listed】 Employer evaluations (Positive ratings) Work reliability (Last-minute cancellation rate) Specialized skills for specific tasks (Badges earned), etc. Timee Career Plus (Full-Time Employee Placement) Referring job seekers utilizing Timee Resume *1 This feature is enabled only upon the candidate's request and is not applied automatically without explicit opt-in. Image is for illustrative purposes only.
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Job offerNo Interview Job offer 44 Skip document screening and interviews with the Timee Resume. Clients see increased referrals and reduced hiring workload. Workers see a higher success rate in receiving job offers and a shorter time-to-hire. We are creating a world where strong work performance opens the door to the next career opportunity. Value Proposition: Timee Resume Hiring Results via Timee Resume Referral Document screening Interview Referral No Document screening Traditional services Timee Resume Worker Timee Client ● Construction management ● Logistics driver ● Logistics warehouse （On-site management, etc.）, Branch manager candidate ● Food service operations, Store manager candidate ● General supermarket operations ● Retail chain （Store renovation, Display setup） ● Hotel （Front desk, etc.） ● Facility inspections for commercial facility, hotel, office building, etc. Client Increase in referrals Reducing the burden on workers when applying for jobs leads to an increases in the referrals. Reduction in recruitment workload Effectively grasping “work performance” - something difficult to assess through interviews and resumes. Higher job offer rate Effectively showcasing past work performance. Shorter time-to-hire Skip document screening and interviews and get job offers immediately after a career advisor's referral. Numerous placements for construction management roles—a category previously not covered by spot work. Obtained an offer from a company where a previous application was unsuccessful. Primary Hiring Positions Timee Career Plus (Full-Time Employee Placement) - Timee Resume
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*1 Implementation of an absorption-type company split, effective August 1, 2026, to transfer the Field Manager and LogiHero sales businesses to Timee Solutions (formerly SukimaWorks). 45 Timee Solutions (Contracting Business, etc.) Contracting business of logistics warehouse operations utilizing spot work, aimed at maximizing # of job openings per location. In addition, Timee Solutions succeeded the Field Manager business through an absorption-type company split(1). Service Overview Features Full-scope outsourcing of warehouse operations Spot workers Leader and regular membersManager Operations design （productivity improvement） Staffing （personnel securing and optimal allocation） Design warehouse layouts and work processes that maximize productivity. Collaborate with the on-site management staff daily to optimize operations. Operational Design Assign experienced management staff who oversee on-site operations and personnel based on business manuals optimized for operational efficiency. Further refine operations through KPI management. Workforce Management Utilize the Timee platform, which boasts a high fill rate across Japan, to secure labor flexibly. On-Demand Staffing
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Mid to Long-Term Growth Strategy
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Unit: 10 Thousand 47 Social Issues Behind Timee ー Severe Labor Shortage *1 Sourced from “Short-term Economic Survey of Enterprises in Japan” by the Bank of Japan. Actual diffusion index of “Excessive employment” minus “Insufficient employment“ in June 2026 *2 Data until 2020 is based on the Ministry of Internal Affairs and Communications’ "National Census” . Estimates for 2025 and beyond are based on the National Institute of Population and Social Security Research's "Future Population Projections for Japan (2023 estimates)” 1950 1960 1970 1980 1990 2000 2010 2020 2030 2040 2050 2060 Actual Forecast Japan Is Suffering From a Labor Shortage(1) Further Shortage Expected Due to Shrinking Working Population (2) 0-14 years old 15-64 years old 65+ years old Transport & Postal Activities Food & Accommodation All Industries BtoC service Construction BtoB service
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48 In This Era of Labor Shortages, Many Workers Are Eagerly Waiting for Work The # of monthly active workers is still small compared to the # of registered workers. About eight times as many workers as active workers are opening the app to look for work. In this era of severe labor shortage, many workers are eagerly waiting for work. There is plenty of room for the expansion of active workers. *1 # of non-regular employees and regular employees are based on “Labor Force Survey” (July 2026), Statistics Bureau of Japan . # of regular employees (intent with side job) is calculated by multiplying # of regular employees × the percentage of employees who have indicated interest in a side job based on ” The Third Quantitative Survey of the Actual Situation and Attitude about Side Jobs” (2023), PERSOL RESEARCH AND CONSUL TING CO., L TD *2 As of the end of July 2026. Accumulated figures since the launch of the service *3 # of registered workers who launched the app at least once per month, for the month of July 2026 *4 # of workers who worked at least once per month, for the month of July 2026 Non-regular employees(1) 21.4 Registered workers(2) Unit: Million Monthly active users(3) 0.336.6 14.7 2.6 Monthly active workers(4) Regular employees (who have indicated interest in a side job） (1) 15.2
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49 Turning all work into Spot Work Shifts, creating “Accessible Opportunities to Work. ” Spot Work Shifts
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50 Resolving the severe labor shortage A bridge to a new way of working Overwhelming competitive advantage BPR creates jobs where spot workers can hit the ground running BPR (Business Process Re-engineering) is indispensable for effective spot work, as it transforms on-site business processes so spot workers can hit the ground running. BPR can create job openings for many spot workers, and clients can resolve the labor shortage. In addition, this accumulated BPR know-how is a significant competitive advantage. Client Worker Competitor BPR generates detailed steps (jobs) that enable spot workers to embark on a new way of working BPR-capable sales teams and massive know-how create an overwhelming competitive advantage Work Creating detailed steps through BPR Importance of BPR
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Spot work has permeated society through the accumulation of BPR across various industries and companies. As demonstrated by the onboarding burden reduction project in the logistics industry, creating "Spot Work + α" solutions that transcend conventional boundaries will lead to a dramatic increase in their adoption. As a pioneer in spot work, we will continue to evolve our solutions to better meet the essential needs of our clients. Spot work +α 51 Reducing the onboarding burden for spot workers and improving productivity Field Manager Supporters in charge of onboarding Contracting business Long-term part-time hiring support plans Breaking down into simple jobs (Spot work) Further Evolution of Solutions Industry-specific "+α" SolutionsExponential Growth of Spot Work Through Evolving Solutions Spot work + Spot work + Spot work + Hiring long-term part-time employees and improving retention rates Handling tasks requiring specific qualifications/skills Qualifications
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As the leading player in spot work, we are developing exclusive solutions in new domains that only Timee can deliver. 52 Timee's Exclusive Lineup of Solutions Non-regular employee Spot Short to long Term Regular employee Dispatch Area Part-time Area Timee Field Manager Contracting business Long-term part-time hiring Timee Timee Timee Career Plus Field Manager / Qualifications
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Smart Groups Feature 53 The logistics industry is seeing an accelerated shift from dispatch to spot work. While spot work offers cost advantages over traditional staffing, the burden of onboarding spot workers and their productivity levels have been bottlenecks for further adoption. However, in addition to Field Manager, we have created multiple solutions through product development to address these issues. Solutions for Reducing Onboarding Burden and Improving Productivity Visualization of highly skilled workers Spot-on recruitment of individuals with specific skills required This automatically creates groups of favorite workers based on pre-set conditions (such as their performance record at that location). Reduction of onboarding burden Visualization of proficiency levels Removal of work restrictions for experienced workers Field Manager Supporter in charge of onboarding Smart Groups Feature Lifting the work limit with annual salary ※1 *1 A feature that allows clients to lift work restrictions caused by a worker's maximum annual salary limit by completing the prescribed procedures. Solutions for Reducing the Burden of Onboarding Spot Workers and Increasing ProductivitySpot Work Shortage
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54 We have concluded an MOU for a strategic business alliance with Benesse Careeros, which operates an HR business specializing in elderly and medical care within the Benesse Style Care Group, a provider of elderly care and related services. By integrating the resources and expertise of both parties, we will accelerate the use of Timee in the elderly care industry. Details of Alliance For Businesses For Workers Timee Implementation Support - We provide comprehensive customer support and consultation, including manual creation and task breakdown proposals, leveraging know-how in nursing care business operations. Providing opportunities for certification and skill development - We provide Benesse's e-learning services and conduct online training for practical caregiving techniques that can be applied in the field. Provision of recruitment services - Supporting long-term employment within the industry by providing Benesse Careeros' recruitment and dispatch services. Strategic Business Alliance with Benesse Careeros (Social Care Industry)
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55 Progress of New Business: Stage-Gate System We have already launched multiple new businesses to achieve non-linear growth. To accelerate this momentum, we have introduced a stage-gate system for new business creation, enabling us to "rapidly" launch new businesses that can further scale spot work. Stage-Gate System We have introduced a stage-gate system for the process from idea generation to commercialization. We have established criteria for resource allocation and exit strategies for each tier, thereby promoting bold, focused investment. Tier3 Verification of client needs and challenges Tier2 Business model validation Tier1 Business expansion Mid-career Hiring Long-term Part-time Hiring Contracting/ Outsourcing Staffing New Graduate Hiring Training ‧‧‧
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56 An MOU has been signed with NTT DOCOMO, INC. and DOCOMO SMTB Net Bank, Inc. (formerly SBI Sumishin Net Bank, Ltd.) regarding a business alliance in the financial sector. We will begin full-scale considerations to develop financial services for workers who use Timee and others. A subsidiary (1) is scheduled to be established in July 2026 to commercialize financial solutions and other services, aiming to launch the services in 2027. Over 60 million records of trust data (accumulated daily) More than 14 million registered workers Over 480 thousand registered clients A salary payment touchpoint with an annual transaction volume of 130 billion yen A membership base of approximately 100 million people, serving as a lifestyle infrastructure Advanced financial solutions, including BaaS Client touchpoints closely integrated into daily life Telecommunications, reward points (d point), payment services (d payment, d card), etc. (2) (3) (4) *1 The establishment of the subsidiary is an independent initiative by Timee, Inc. *2 As of July 2026. Accumulated since the service began. *3 Accumulated since the service launch up to the end of July 2026. A worker can receive multiple reviews if the worker has multiple work experiences. *4 Total transaction volume from May 2025 to April 2026 Progress of New Business: Fintech
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FY30FY29FY28FY27FY26FY25FY24 From Defense to Offense: Further Pioneering the Spot Work Market and Becoming the Infrastructure for "Work" 57 FY23FY22FY21FY20 Unit: JPY MM 20% 30% 8,821 - 9,746 47,613 - 48,823 CAGR CAGR Operating profit(1) Net Sales(1) Phase Focus ● Expanding the market share by investing all resources, especially in sales and marketing ● Rapid expansion of the spot work market *Investing resources in defense, including product development ● Refining the value proposition ● Pioneering the logistics industry amid the COVID-19 pandemic ● Building the foundation for the company ● Entry of competitors ● Strengthening countermeasures against unauthorized use ● Establishment of industry rules ● Industry-specific deep dives and solution development ● Developing new industries with a focus on social care ● Profit generation through productivity improvements that enable strategic investments ● Launching and scaling multiple new businesses and services ● Driving an inorganic growth strategy Scaling (New offense) Preparation for scalingDefenseOffense Building the Foundation Established No.1 in the industry ! *1 FY26/4 figures represent the 12-month period from May 2025 to April 2026. FY20-FY25 are calculated on the same basis. The aggregate figures for the 12-month period from May to the following April (reference values) have not been audited or reviewed by an audit firm.
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Growth Investments（M&A, capital contributions, etc.） 58 Capital Allocation Spotwork has grown into a business that consistently generates cash flow. Cash allocation is directed toward further growth investments, such as M&A. Meanwhile, to prevent the excessive accumulation of internal reserves, any cash not utilized for growth investments is to be returned to shareholders. Accumulation of stably generated operating CF Shareholder Returns Capital Allocation Policy Growth Investment Existing Available Credit Facility ＋ Maximize financial leverage by utilizing loans for each M&A Strategic investments have already been executed, encompassing high operating costs such as HR and marketing expenses. Building on this foundation, we are targeting further non-linear growth. Shareholder Returns Capital Areas of Allocation Top priority for cash allocation Focus on strengthening core business （Spot work） and highly synergistic adjacent areas （Contracting business, etc.） Expected deal size ranging from hundreds of millions JPY to several billions JPY per case Consider shareholder returns on unused cash from growth investments on an annual basis, basically taking into account financial soundness and cash on hand level Current preference for agile share buybacks
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59 M&A Target Area: Vertical Spot Work Examples of Vertical Spot Work ■Chefs / Nutritionists Private chef services, menu planning ■Agriculture Harvesting of crops, sowing seeds, packing work Medical, Elderly Care, and Welfare Beauty and Healthcare Skilled Workers / Others ■Elderly Care & Nursing Bathing assistance, cleaning, and monitoring ■Doctors & Pharmacists Outpatient consultation coverage, night duty, medication guidance, dispensing duties ■Hair Stylists / Nail Technician Treatment assistance (shampooing, color preparation), nail treatment / manicuring ■Physical Therapist Rehabilitation, Functional training assistance There are many industry-specific spot work platforms in Japan. We will accelerate our expansion into other industries through M&A.
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60 M&A Target Area: Contracting Business We will achieve synergy by vertically integrating outsourced operations, an upstream part of the supply chain that utilizes spot work for staffing. Synergies in M&A for Outsourced Service Providers Current After M&A Outsourced Service Providers Outsourcing a specific operation entirely By approaching the end client directly, it becomes possible to provide more detailed proposals, including cross-selling spot work and contracting business. Sales channels can also be expanded through grouping. Sales synergies We will acquire expertise in operations of design and on-site management, and achieve deeper BPR (Business Process Re-engineering) even in spot work. Ensuring a more stable supply of human resources through accumulated know-how in job posting. Operational synergies Offsetting of indirect costs (spot work fees) on a consolidated basis Cost synergies Operations design, Staffing, On-site management Matching of spot workers Posting job openings Spot workers matched through the Timee App Outsourced Service Providers
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Huge Market Opportunities Beyond the Scope of Spot Work (1) The spot work market is expanding rapidly, driven by Timee's growing market presence. In addition, significant budgets are still allocated to traditional HR services such as dispatch, job boards, and full-time employee placement. Spot Work FY2030 JPY 118.0bn（CAGR 18%） FY2025 JPY 52.6bn Penetration into existing HR servicesJPY 38.8bn (3) (3) FY26/4 Net Sales JPY 940.8bn JPY 215.0bn JPY 844.2bn Job boards Full-time employee placementDispatch (4) (5) (6) 61 *1 The actual market size may differ from the above estimates as this is calculated based on publicly available information and certain assumptions by management to indicate the potential market size. *2 FY26/4 reflects the combined figures for the 12-month period from May 2025 to April 2026 (for reference). *3 Based on “Gig Work Platform Market 2025” (Yano Research Institute), focusing on one-time part-time recruitment services. *4 Estimated market size for the dispatch industry: JPY 9.58 trillion yen (”Human Resources Business 2025” (Yano Research Institute)) ÷ Dispatch Fee: JPY 2,018 (Average dispatch fee for Social welfare professions/ General office works/ Sales and sales-related office works/ Outside office works/ Merchandise sales/ Social care services/ Sanitation services/ Customer services/ Other services/ Agriculture/ Forestry/ Fishery/ Driver/ Transportation/ Cleaning/ Packing/ Other transportation, cleaning, and packaging occupations, based on the aggregate results of the ”Labor Dispatch Business Report" (2024), Ministry of Health, Labor and Welfare × Platform Fee: JPY 355 (30% of the average hourly wage on the Timee's platform) × The estimated total % of employed persons who are engaged in relatively unskilled/low-skill jobs (55.9%). The estimated figure is the total percentage of workers engaged in the following types of jobs: Healthcare/ Sales/ Service/ Agricultural, forestry and fishery/ Manufacturing process/ Transport and machine operation/ Carrying, cleaning, and packaging, according to the “Labor Force Survey” (April 2026), Statistics Bureau of Japan. *5 Based on "Human Resources Business 2025" (Yano Research Institute), focusing on part-time, temporary, and dispatch job information services. *6 # of regular employees changing jobs: 2.2 million (Summary of results of "Survey on Employment Trends" (2024) , Ministry of Health, Labour and Welfare) × The estimated total percentage of workers employed in occupations eligible for recruitment services (65.8%). The estimated 65.8% is the total percentage of workers across all industries excluding Telecommunication/ Finance/ Insurance/ Real Estate/ Lease/ Academic Research/ Professional, Technical Service/ Learning Support/ Medical & Welfare/ according to "Survey on Employment Trends" (2024) , Ministry of Health, Labour and Welfare × % of annual salary less than JPY 4 million: 48% ("Statistical Survey of Actual Status for Salary in the Private Sector" (2024) , National Tax Agency) × Timee Career Plus Fee: JPY 1.2 million (Assumed annual income of JPY 4 million × 30%) (2)
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FY27/4 Forecast (Reprinted)
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FY27/4 Consolidated Forecast(1) *1 All net sales and profits previously included in "Spot Work, " other than spot work fees, have been moved to "Non-Spot Work. " From May 2025 to April 2026, FM dispatch fees accounted for 175 million yen in net sales and ▲33 million yen in operating profit, while the long-term part-time hiring support plans accounted for 57 million yen in net sales and ▲0 million yen in operating profit. A resolution was passed for an absorption-type split, effective August 1, 2026, to transfer the FM business and the Logi Hero sales business to Timee Solutions (formerly SukimaWorks). Regarding the breakdown of the earnings forecast, the 12 months of FM dispatch fees starting from the period's beginning, May 2026, will be recorded under net sales for "Timee Solutions" in the "Non-Spot Work" category, rather than under "Spot Work. " *2 The primary adjustments are Timee Solutions’ spotwork fees (net sales and cost of sales) and the amortization of goodwill (SG&A). Unit: JPY MM 1H YoY FY YoY Net Sales 22,056 - 22,560 +23.7% - +26.5% 47,613 - 48,823 +22.6% - +25.7% Spot Work 20,864 - 21,368 +18.2% - +21.1% 44,429 - 45,639 +18.1% - +21.3% Non-Spot Work 1,239 +592.0% 3,305 +159.9% (Timee Career Plus) 205 +92.7% 603 +104.9% (Timee Solutions) 901 +2,173.8% 2,310 +183.9% Consolidation Adjustments(2) ▲47 NA ▲121 - Operating Profit 3,997 - 4,388 +14.8% - +26.0% 8,821 - 9,746 +20.9% - +33.6% Spot Work 4,925 - 5,317 +25.8% - +35.8% 10,675 - 11,600 +27.0% - +38.0% Non-Spot Work ▲904 +119.9% ▲1,803 - Consolidation Adjustments(2) ▲24 NA ▲49 - Operating Profit Margin 18.1% - 19.5% ▲1.4pt - ▲0.0pt 18.5% - 20.0% ▲0.2pt - +1.1pt Ordinary Profit 3,986 - 4,377 +15.6% - +27.0% 8,806 - 9,731 +22.2% - +35.0% Profit Attributable to Owners of the Parent 2,797 - 3,188 +1.9% - +16.1% 6,002 - 6,927 +15.8% - +33.6% 63
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64 Spot Work: Net Sales Forecast Net Sales YoY Growth Rate (Semi-annually) Scenarios for the Range Upper 1H Logistics: Further deepening relationships with large clients (incl. FM initiatives) Sluggish consumer sentiment (decrease in logistics volume) A decrease in the # of job openings due to supply constraints (e.g., trays and packaging materials for food retail), etc. While the overall outlook is relatively conservative, the YoY increase, which has been in a downward trend, is expected to turn upward in both the first and second halves of the year in the base scenario. Even following the strong performance in the previous fiscal year's November‒April period, the YoY growth rate is expected to accelerate, and the YoY increase is expected to expand in the second half (November‒April) of FY27/4. Logistics/Retail: YoY growth rate will remain stable, with no significant drop from current levels Social care: Maintaining high growth, but the growth rate is slowing down Food: Negative growth continues but is gradually improving Logistics/Retail: YoY growth rate will remain stable, with no significant drop from current levels Social care: Growth will accelerate due to strategic investments to date and the business alliance with Benesse Careeros Food: Positive turnaround in YoY growth rate in 4Q An optimistic scenario where the effects of key measures exceed expectations. Base Lower 2H An optimistic scenario where the effects of key measures exceed expectations. A pessimistic scenario considering the situation in the Middle East Logistics: Further deepening relationships with large clients (incl. FM initiatives) Social care: Fill rate improvement Retail/Food: Solution proposals and joint projects for large clients, increased spot work usage through long-term part-time hiring support plans +18.2% +17.9% +21.1% +21.5% YoY increase +3.2B +3.5B +3.7B +4.2B +22.5% +21.9% +3.2B +3.5B
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65 Spot Work: Operating Expense Forecast OP YoY Growth Rate (Semi-annually) Strategic Investments Due to the change in the fiscal year-end, FY26/4 was an irregular six-month fiscal period; therefore, active strategic investments will continue through the first half of FY27/4 as originally planned. Spot work will steadily improve its OPM, contributing to the maintenance and improvement of the company-wide OPM (FY27/4 OPM +1.6pt - +3.0pt YoY).Worker marketing: actively investing in worker marketing to maintain a high fill rate at locations where job openings are rapidly increasing due to FMs (FMs will continue to be actively recruited by Timee Solutions). Field Manager initiatives The focus areas will remain unchanged for FY27/4. We will continue to invest in logistics (Field Manager initiatives) and the social care industry. Worker marketing: actively investing in worker marketing to acquire qualified personnel and to encourage acquired qualified workers to begin working in the social care industry. Social care industry OPM Active strategic investments +52.4% +35.8% +28.1% +40.0% 23.6% +25.8% 24.4% 22.2% +33.5% 22.5% 24.9% 25.9%
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Logistics Social Care 66 Retail/Food We aim to maximize net sales from existing major clients. We concentrate sales resources to thoroughly capture sales potential, improve understanding of on-site operations, and propose solutions for BPR, onboarding burden reduction, and productivity improvement (such as Field Manager initiatives), as well as cross-selling contracting business (Timee Solutions). Starting this summer, we will get the cross-sell of our long-term part-time hiring support plans into full swing. We will continue to expand promising sub-industries (drugstores, contract food services) and develop new sub-industries (car rentals, gas stations, etc.). For large clients, we develop solution proposals and joint projects to resolve management challenges unique to each company, such as lost sales opportunities, persistently high ratio of full-time employees, and decreased franchise openings due to a labor shortage. We will focus on improving the fill rate. By shifting our focus from "acquiring qualified workers" to "ensuring acquired qualified workers are active within the social care industry, " we aim to improve fill rates through both marketing and product development initiatives. Industry-specific Strategies for Spot Work Through the business alliance with Benesse Careeros, we will accelerate brand awareness and client acquisition in the elderly care industry. There are no major changes in strategy across industries, and we will steadily implement the strategies from FY26/4. In the logistics industry, we will focus on deepening relationships with existing clients. In the retail and food industries, we will work to solve fundamental management challenges. In the social care industry, we are focusing on achieving an early improvement in the fill rate.
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Timee Solutions Timee Career Plus 67 Non-Spot Work(1)：Timee Career Plus, Timee Solutions, etc. Unit: JPY MM Net Sales Operating Profit FY26/4 （12-month）(2) FY27/4 （Forecast） This primarily includes Timee Career Plus, a new business, and Timee Solutions (formerly SukimaWorks), a company that has been consolidated into the group. Timee Career Plus significantly increased its number of career advisors (CAs) in FY26/4. In FY27/4, we will not hire additional CAs but instead concentrate our resources on the Direct Recruiting (DR) platform currently under development. Timee Solutions is expected to continue making steady progress. The Field Manager business was succeeded by Timee Solutions through an absorption-type company split. Net Sales Forecast *1 All net sales and profits previously included in "Spot Work, " other than spot work fees, have been moved to "Non-Spot Work. " A resolution was passed for an absorption-type split, effective August 1, 2026, to transfer the FM business and the Logi Hero sales business to Timee Solutions (formerly SukimaWorks). Regarding the breakdown of the earnings forecast, the 12 months of FM dispatch fees starting from the period's beginning, May 2026, will be recorded under net sales for "Timee Solutions" in the "Non-Spot Work" category, rather than under "Spot Work. " *2 Due to a change in the fiscal year-end, FY26/4 was an irregular 6-month fiscal period from November 2025 to April 2026. The aggregate figures for the 12-month period from May to the following April (reference values) have not been audited or reviewed by an audit firm. Operating Expense Forecast Timee Career Plus Timee Solutions In FY27/4, although resources will be concentrated on Direct Recruiting (DR), net sales will grow steadily through improvements in career advisor productivity. We expect to expand sales channels for contracting business of logistics warehouse operations (synergies from becoming a group company). Worker marketing to secure interview slots for career advisors will decrease YoY. The amount of deficit will also narrow. We will continue to actively hire FM. Consolidation Adjustments Growth Rate Consolidation Adjustments Operating Profit Margin Timee Solutions Timee Career Plus +1,144.7% 1,271 ▲83.5% ▲1,062 294 813 3,305 2,310 +159.9% ▲1,803 ▲54.6% ▲68 ▲121 ▲46 ▲49 603
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68 Spot Work Spot work fee Non-Spot Work Timee Career Plus Timee Solutions (formerly SukimaWorks) ‧Contracting business ‧Field Manager（FM dispatch fee） Others ‧Timee BPO ‧L-T part-time hiring support plans ‧Local government consulting, etc. Spot Work Spot work fee Others ‧Field Manager（FM dispatch fee） ‧L-T part-time hiring support plans ‧Local government consulting, etc. Non-Spot Work Timee Career Plus Timee Solutions (formerly SukimaWorks) ‧Contracting business Others ‧Timee BPO, etc. Up to FY26/4 From FY27/4 All Net Sales Other Than Spot Work Fee Is Disclosed As "Non-Spot Work"
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Others
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Executive Directors & Officers President Ryo Ogawa Japan Spot Work Association (Director) Outside Director Kazumasa Watanabe Career Recruit Holdings (Ex-Executive Officer) Executive Director Head of Job & Marketing Business CPO Shun Ikeda Career Google Executive Director CFO Tomoaki Yagi Career MUFG Bank Mitsubishi UF J Morgan Stanley Securities Morgan Stanley Japan Holdings 70 Business Division 1 Takashi Teramae Kei Madama Kenichi Hashizume Goeun Kim Business Division 2 Solution Development Division Business Development Division VPoBD Toru Yamaguchi Kaoshi Otoshi Yusuke Tomura Toshiyuki Katagiri Kei Kameda Takanori Ishibashi Engineering Division CTO Product Division VPoP Corporate Division Customer Support Division IT Division President's Office Outside Director Shohei Onishi Career Yahoo Japan (now LY Corporation) Sato Sogo Law Office Miura & Partners Outside Director Akinori Harada Career NTT/NTT DOCOMO mixi (Ex-Vice President) DeNA (Ex-Director) Senior Executive Officer Logistics and Manufacturing Business Tomoyuki Shindo Kana NishikawaPublic Policy Division Marketing Division CMO Ryosuke Saito
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71 # of Employees / HR Costs（1） 0 FY23∕10 827 953 1,110 1,265 1,392 1,469 1,526 1,632 1,780 1,833 2,113 2,150 FY24∕10 FY25∕10 FY26∕4 FY27∕4 FY24∕10 FY25∕10 FY26∕4 FY27∕4 5-7 8-10 11-1 2-45-7 8-10 11-1 2-45-7 8-10 11-1 2-4 5-7 FY23∕10 2,290 Sales staff make up more than half of the total number of employees. Defining focus areas and maintaining a strategic, well-balanced approach to recruitment. *1 Timee, Inc.(Non-consolidated) figures *2 Total number of full-time employees. FMs are counted under sales, while Timee Career Plus personnel are counted under others. *3 Personnel expenses for full-time employees (incl. FM costs, career advisor costs, engineering costs for product improvements, etc. (cost of sales) ). Excludes statutory welfare expenses. Changed the evaluation system from FY26/4 (introduction of a bonus system). Figures for FY26/4 1Q reflect the addition of the bonus to the personnel expenses (by department) disclosed on March 12, 2026. # of Employees by Department（Quarterly）(2) HR Costs by Department（Quarterly）(3) Unit: person Sales Product / Engineering Marketing OthersCustomer support HR / Corporate HR / Corporate Unit: JPY MM Sales Product / Engineering Marketing OthersCustomer support
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72 Consolidated Balance Sheets(1) *1 Due to a change in the fiscal year-end, FY26/4 was an irregular 6-month fiscal period from November 2025 to April 2026 Assets 2025/10 2026/4 14,225 16,540 Current assets 30,528 34,552 Cash and deposits Accounts receivable-trade 3,859 4,203 11,845 12,612 598 1,195 3,080 3,101 796 963 345 320 1,938 1,816 33,609 37,653 Liabilities and net assets 2025/10 2026/4 11,252 13,639 Current liabilities 18,399 21,077 Short-term borrowings 2,656 2,594 2,136 2,414 866 1,082 668 585 668 585 0 0 33,609 37,653 19,068 21,662 14,540 15,991 Advances paid Other current assets Non-current assets Property and equipment Intangible assets Investments and other assets Total assets Accounts payable-other Accrued expenses Other current liabilities Non-current liabilities Long-term borrowings Other non-current liabilities Total liabilities Total net assets Total liabilities and net assets JPY MM 1,487 1,346Income taxes payable 2026/7 15,980 33,081 4,102 12,111 887 3,406 986 308 2,112 36,487 2026/7 12,439 18,893 2,444 2,250 1,131 550 550 0 36,487 19,443 17,044 626
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73 Shareholder Structure (As of April 30, 2026)(1) *1 Foreign institutional investors are foreign corporations residing outside Japan, and domestic institutional investors are trust banks. 33.5% Foreign institutional investors 4.9% Domestic institutional investors 21.5% Individual investors 25.2% Executives / Stock Ownership Association 9.1% General Corporations 5.0% Others 0.8% Treasury Shares
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74 Disclaimer This material has been prepared solely to disclose relevant information regarding Timee, Inc. (referred to as the “Company” or “We” herein). It does not constitute an offer to sell or the solicitation of an offer to buy any securities in Japan, the United States, or any other jurisdiction. N o offer or sale of securities of the Company may be made in Japan, the United States, or any other jurisdiction without registration or an exemption from registration or filing under applicable laws and regulations. In preparing this material, we have relied upon and assumed the truth, accuracy, and completeness of the information available to us at the time of its preparation, and we make no representations or warranties as to its truth, accuracy, or completeness. The information contained in this material is subject to change without prior notice. This material and its contents may not be disclosed or made available to any third party for any purpose without our prior written consent. This material contains forward-looking statements including prospects, plans, and targets related to the Company. These statements include expressions such as “target, ” “expectation, ” “forecast, ” “anticipation, ” “intention, ” “plan” and “possibility” and are based on certain or other similar expressions describing future business activities, performance, events or circumstances. Forward-looking statements are based on management's assumptions and beliefs in light of the information available to them at the time these materials were prepared and involve several risks and uncertainties. Therefore, these forward-looking statements are subject to various risks and uncertainties that could cause actual future business operations and results to differ materially from those expressed or implied by such forward-looking statements. Risks and uncertainties that could cause such events include, but are not limited to, material changes in the demand for non-regular workers in Japan, the reputation and credibility of our brands and services, issues related to our mobile app, the competitive environment of the markets in which we operate, inflation, wage fluctuations, the introduction of new laws or regulations, the viability of our business strategy, the protection of personal and confidential information, litigation, the occurrence of a major disaster, and other factors. Accordingly, you are cautioned not to rely on any forward-looking statements. This material contains non-GAAP financial measures of us, including a breakdown of SG&A expenses. These non-GAAP financial measures should not be considered in isolation or as a substitute for the most directly comparable financial measures presented by Japanese GAAP or accounting principles generally accepted in other jurisdictions, including U.S. GAAP and IFRS. Our use, definition, and calculation of its non-GAAP measures may differ significantly from, and therefore may not be directly comparable to, similarly titled measures of other companies. We assume no obligation to change, update, or revise any forward-looking statements in light of new information, future events, or other findings. Information relating to or prepared by us or parties other than us is based on publicly available information and other information cited in this material, and we have not independently verified the accuracy or adequacy of such information and make no representations or warranties concerning such information. This material is a translation of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.