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Financial Results Briefing for FY2027 Q2 WingArc1st Inc. October 14, 2026
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Page No. Page No. Disclaimer Although forward-looking statements (such as the business outlook described in this presentation) are based on the most up-to-date information available at the time of preparation, the actual performance of the business is influenced by a variety of factors and final results can differ greatly. 2
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Page No. Page No. II． Business Topics I． Results for FY2027 Q2 3 III． Forecast
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Page No. Page No. II． Business Topics I． Results for FY2027 Q2 4 III． Forecast
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Page No. Page No. Results for FY2027 Q2: Financial Results Highlights The company achieved significant revenue and profit growth in FY2027 Q2. Sales remained strong, increasing 12.1% YoY . In addition to increased sales, the company’s profit metrics showed a rise of over 20 percent, thanks to its efforts to maintain strict cost management. Release of AI-Ready Dr.Sum We launched Dr.Sum Ver.6.0 and Dr.Sum DataCatalog on October 1, 2026. As an "AI-Ready" data management environment, it strongly supports the use of AI and data by companies. 5 The DE segment continues to perform well Software licenses performed well, and DE sales increased significantly by 17.6% YoY . We secured multiple large-scale projects, primarily in the public sector.
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Page No. Page No. Results for FY2027 Q2: Financial Results Highlights 6 Both revenue and profit increased significantly. *1 EBITDA = Operating income + Depreciation and amortization Depreciation and amortization expenses do not include depreciation expenses related to right-of-use assets recognized under IFRS 16 "Leases." *2 Profit = Profit attributable to equity holders of the parent FY2026 FY2027 YoY (¥ million) Q2 Actual Q2 Actual Revenue 14,712 16,498 12.1% BDS 9,610 10,496 9.2% DE 5,102 6,002 17.6% EBITDA*1 4,856 5,921 21.9% Margin 33.0% 35.9% 2.9pt Profit*2 2,938 3,796 29.2% Margin 20.0% 23.0% 3.0pt
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Page No. Page No. Results for FY2027 Q2: EBITDA Fluctuation Factors Profit grew significantly as other cost increases were controlled. 4,856 5,921 FY2026 Q2 FY2027 Q2 - 3 - 185 Research and development costs Outsourcing expenses -414 Labor costs -119 Other expenses *1 Increase factors Decrease factors SG&ARevenue +1,786 -721 *1 Total of outsourcing expenses, other operating revenues, other operating expenses, depreciation and amortization when calculating EBITDA YoY difference +1,065 (+21.9％) (¥ million) 7 1,786
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Page No. Page No. Results for FY 2027 Q2: Revenue by Solution 8 The BDS business remained steady, while the DE business increased significantly. *1 Total of SVF Archiver and SVF Transact, formerly invoiceAgent. *2 Subsidiaries *3 Services, subsidiaries, etc. FY2027 YoY (¥ million) Q2 Actual SVF 7,913 3.7% SVF A/T*1 1,484 23.4% Others*2 1,097 41.4% Total 10,496 9.2% FY2027 YoY (¥ million) Q2 Actual Dr.Sum 2,021 20.1% MotionBoard 2,252 15.4% Others*3 1,728 17.8% Total 6,002 17.6% Business Document Solutions (BDS) Data Empowerment (DE) Solutions
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Page No. Page No. Results for FY2027 Q2: BDS: SVF 9 Cloud services performed well. For on-premises solutions, although license revenue fell below the previous year, maintenance contracts and subscriptions increased, resulting in an overall increase compared to the previous year. Cloud On-premises (¥ million; companies) (¥ million) 439 552 728 986 1,092 1,176 0 200 400 600 800 1,000 1,200 0 100 200 300 400 500 600 700 800 900 1000 FY2025 Q2 FY2026 Q2 FY2027 Q2 Revenue No. of companies 3,675 3,860 4,019 342 507 668 3,843 2,709 2,497 7,861 7,077 7,185 0 2,000 4,000 6,000 8,000 10,000 FY2025 Q2 FY2026 Q2 FY2027 Q2 Licenses Subscriptions Maintenance
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Page No. Page No. 650 745 844 840 908 939 -30 170 370 570 770 970 (100) 100 300 500 700 900 1,100 1,300 FY2025 Q2 FY2026 Q2 FY2027 Q2 Revenue No. of companies Results for FY2027 Q2: BDS: SVF A/T 10 Cloud services grew steadily. For on-premises solutions, license revenue increased as we secured orders for large- scale products, and the overall total also significantly exceeded the previous year. Cloud On-premises (¥ million; companies) (¥ million) 215 221 241 138 173 208 113 62 190 467 457 639 0 100 200 300 400 500 600 700 FY2025 Q2 FY2026 Q2 FY2027 Q2 Licenses Subscriptions Maintenance
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Page No. Page No. Results for FY2027 Q2: DE: Dr.Sum 11 Cloud services grew steadily. For on-premises solutions, license orders were strong, resulting in figures that significantly exceeded those of the previous year. Cloud On-premises (¥ million; companies) (¥ million) 217 304 360 88 117 149 -30 -10 10 30 50 70 90 110 130 150 0 100 200 300 400 500 600 FY2025 Q2 FY2026 Q2 FY2027 Q2 Revenue No. of companies 941 987 1,056 58 75 175 549 314 428 1,549 1,377 1,661 0 500 1,000 1,500 2,000 FY2025 Q2 FY2026 Q2 FY2027 Q2 Licenses Subscriptions Maintenance
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Page No. Page No. Results for FY2027 Q2: DE: MotionBoard 12 Although the number of companies using cloud services decreased due to the termination of some integrated services, sales remained strong. For on-premises solutions, license orders were strong, resulting in figures that significantly exceeded those of the previous year. Cloud On-premises (¥ million; companies) (¥ million) 852 903 928 982 1,071 1,044 0 200 400 600 800 1,000 1,200 0 200 400 600 800 1,000 1,200 1,400 FY2025 Q2 FY2026 Q2 FY2027 Q2 Revenue No. of companies 538 573 649 95 117 141 457 357 533 1,091 1,048 1,324 0 200 400 600 800 1,000 1,200 1,400 1,600 FY2025 Q2 FY2026 Q2 FY2027 Q2 Licenses Subscriptions Maintenance
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Page No. Page No. Results for FY2027 Q2: Revenue by Contract Category 13 Licenses / Services returned to revenue growth. Recurring revenue saw double-digit growth, driven by a significant increase in cloud subscriptions. (¥ million) Contract Category Breakdown FY2026 2Q FY2027 2Q YoY Licenses / Services 5,074 5,356 5.6% Recurring Maintenance 5,643 5,967 5.7% Cloud 3,119 3,981 27.6% Subscriptions 874 1,193 36.5% Total 9,637 11,141 15.6% Total 14,712 16,498 12.1% Recurring Ratio 65.5% 67.5% - Maintenance retention rate*1 93.1% 90.6% - *1 The percentage of SVF, SVF A/T, Dr.Sum and MotionBoard contracts that were renewed, expressed in terms of monetary value, relative to the total contracts eligible for renewal during the relevant period. The maximum value is 100% because it does not include upsells and renewals of Maintenance and Subscription contracts.
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Page No. Page No. Results for FY2027 Q2: Recurring Revenue Trends 14 As a result of strong performance across all categories, quarterly sales reached a record high. (¥ million)Recurring 2,372 2,524 2,889 3,022 3,291 3,651 623 735 1,011 1,269 1,669 1,981 1,941 2,393 2,675 3,463 2,436 3,059 4,938 5,653 6,576 7,754 7,398 8,691 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY2022 FY2023 FY2024 FY2025 FY2026 FY2027 Licenses / Services Cloud Maintenance/Subscriptions
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Page No. Page No. 15 Results for FY2027 Q2: Cloud Services Growth Rate FY2026 Q2 FY2027 Q2 Growth rate SVF Cloud 552 728 31.7% SVF A/T 745 844 13.4% Dr.Sum Cloud 304 360 18.2% MotionBoard Cloud 903 928 2.8% Subsidiaries and others 613 1,119 82.4% Total 3,119 3,981 27.6% (¥ million) Revenue grew across all categories.
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Page No. Page No. Results for FY2027 Q2: Profit Index 16 Both profit amount and profit margin exceeded the previous year’s figures. EBITDA (¥ million) Profit (¥ million) 5,667 4,856 5,921 38.1% 33.0% 35.9% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0% 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 FY2025 Q2 FY2026 Q2 FY2027 Q2 EBITDA Margin 3,597 2,938 3,796 24.2% 20.0% 23.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 FY2025 Q2 FY2026 Q2 FY2027 Q2 Profit Margin
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Page No. Page No. 8.6 9.7 10.5 11.6 △ 0.35 △ 0.64 △ 0.59 △ 0.88 0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 (1.50) (1.00) (0.50) 0.00 0.50 1.00 1.50 2.00 2.50 3.00 FY2024 FY2025 FY2026 FY2027 Q2 EBITDA Net Debt/EBITDA Ratio Results for FY2027 Q2: Financial Soundness 17 Net Cash increased significantly on the back of strong business performance. End of Feb 2025 End of Feb 2026 Interest-bearing debt Cash and cash equivalents Net cash (¥ billion) Financial Leverage*1 (¥ billion; pts) End of Aug 2026 *1 Adjusted EBITDA for FY2027 Q2 is LTM (i.e. last twelve months). Net cash 7.1 13.3 6.2 8.5 14.7 6.1 6.4 16.6 10.2
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Page No. Page No. II． Business Topics I． Results for FY2027 Q2 18 III． Forecast
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Page No. Page No. Business Topics 19 API integration between cloud invoicing service BtoB Platform Invoicing and SVF Transact API integration is now enabled between Informat’s cloud invoicing service, BtoB Platform Invoicing, and SVF Transact. By receiving digital format invoice data, we aim to reduce man-hours and prevent errors by eliminating manual work and data entry mistakes, and speed up the monthly closing process through automated processing. WingArc1st won first place in the data analysis and utilization support software/services category of the Nikkei Computer Customer Satisfaction Survey 2026-2027 WingArc1st won first place in the customer satisfaction survey for the fifth consecutive year in the data analysis and utilization support software/service category of the Nikkei Computer Customer Satisfaction Survey 2026-2027 published in the September 3 2026 issue of Nikkei Computer (published by Nikkei BP). Cloud ETL TROCCO and Dr.Sum Integration The Dr.Sum connector for TROCCO, primeNumber's cloud ETL, has been officially released. This allows data from core systems to be aggregated into Dr.Sum and facilitates analysis and utilization using natural language via an AI agent through the Dr.Sum Local MCP Server.
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Page No. Page No. 20 Business Topics: Release of AI-Ready Dr.Sum We launched Dr.Sum Ver.6.0 and Dr.Sum DataCatalog on October 1, 2026. By combining these elements, we support everything from managing the meaning and structure of data used by AI to collecting, processing, aggregating, and analyzing that data, thereby providing an "AI-Ready"1 data management environment that strongly supports the use of AI and data by companies. Overview *1 A state of readiness that enables companies and organizations to use AI safely and effectively. A state in which AI tools are not simply implemented, but high-quality data infrastructure, operational rules, and staff literacy are all securely and comprehensively in place, enabling the effective use of data. *2 Source: WingArc’s research Dr.Sum6.0 Dr.Sum DataCatalog Key functions: metadata management, search, semantic definition, data lineage A system that centrally manages the vast data assets held by companies and organizations and gives meaning to that data, enabling both people and AI to correctly understand and utilize it. As a foundation to support data utilization in the era of AI, we have strengthened features such as integration with GenAI, an operational environment that unifies data collection, processing, and management, management functions that include the meaning and lineage of data, and high-speed aggregation up to 12 times faster 2 than before.
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Page No. Page No. 21 Business Topics: Release of the "Print Processing Option" In October 2026, we released the "Print Processing Option" for “Govlong”. By providing functions previously offered as individual programs by development vendors as a "Form Infrastructure," we have significantly reduced implementation man-hours. Form Management Import / Storage Search / Reference Local Gov. Core System Form Server Print Processing Option Sort Classify Barcode Process into PDFs optimized for printing and dispatch Form Infrastructure Form PDF Form PDF Processed Form PDF Print Dispatch ・Flexible processing settings via GUI ・No dedicated printing program required
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Page No. Page No. II． Business Topics I． Results for FY2027 Q2 22 III． Forecast
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Page No. Page No. 23 Forecast for FY2027 *1 Profit attributable to equity holders of the parent Progress is generally on track, and there are no changes to the earnings forecast. FY2027 FY2027 Rate of progress(¥ million) Q2 Actual Full Year Forecast Revenue 16,498 34,300 48.1% BDS 10,496 22,562 46.5% DE 6,002 11,737 51.1% EBITDA 5,921 12,100 48.9% Profit*1 3,796 7,420 51.2%
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Page No. Page No. 24 FY2027: Dividend Forecast Dividend per share FY2026 FY2027 Increase / Decrease Interim ¥52.0 (Actual) ¥54.0 +¥2.0 Year-end ¥52.0 (Forecast) ¥54.0 +¥2.0 Total ¥104.0 (Forecast) ¥108.0 +¥4.0 Pay-out Ratio 55.6％ 50.6％ - There are no changes to the initial forecast.
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Page No. Page No. Appendix 1 Financial Information 25
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Page No. Page No. Consolidated Income Statement Subjects FY2026 2Q FY2027 2Q YoY difference Comments Revenue 14,712 16,498 1,786 Labor costs - 3,891 - 4,305 - 413 Increased personnel numbers and wage increases, and increased costs due to the consolidation of WingArcNEX. Research and development costs - 1,814 - 1,816 - 2 Outsourcing expenses - 1,559 - 1,744 - 184 Commission expenses - 570 - 560 9 Other operating income 28 24 - 4 Other operating expenses - 2,796 - 2,927 - 130 Operating Income 4,108 5,168 1,059 Margin 27.9% 31.3% 3.4pt Financial income 82 174 92 Financial costs - 77 - 73 4 Equity in earnings of affiliated companies 31 36 5 Profit before income taxes 4,144 5,306 1,161 Income taxes - 1,215 - 1,524 - 309 Tax rate 29.3% 28.7% - 0.6pt Profit 2,929 3,782 852 Profit attributable to equity holders of the parent 2,938 3,796 857 Margin 20.0% 23.0% 3.0pt (¥ million) 26
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Page No. Page No. Calculation of EBITDA (¥ million) Subjects FY2026 2Q FY2027 2Q YoY difference Comments Operating Income 4,108 5,168 1,059 Depreciation and amortization 747 753 5 EBITDA 4,856 5,921 1,065 Margin 33.0% 35.9% 2.9% 27
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Page No. Page No. Consolidated statements of financial position – Assets (¥ million) Subjects End of Feb 2026 End of Aug 2026 Increase this FY Comments Current assets 18,013 21,201 3,188 Cash and cash equivalents 13,339 16,608 3,268 Trade and other receivables 3,899 3,231 -668 Other financial assets 96 109 12 Other current assets 676 1,253 576 Increase in prepaid expenses such as software usage fees Non-current assets 55,477 55,544 66 Property and equipment 1,859 2,097 237 Goodwill 30,209 30,236 27 Other intangible assets 14,199 13,752 -447 Amortization of intangible assets Equity in earnings of affiliated companies 490 515 25 Other financial assets 8,667 8,888 220 Increase in valuation of investment securities Other non-current assets 50 52 2 Total assets 73,490 76,745 3,255 28
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Page No. Page No. Consolidated statements of financial position – Liabilities and equity (¥ million) Subjects End of Feb 2026 End of Aug 2026 Increase this FY Comments Total current liabilities 15,300 16,691 1,391 Contract and other liabilities 9,219 10,889 1,669 Increase in accounts receivable due to growth in maintenance sales Current portion of long-term borrowings 1,431 1,429 -2 Income taxes payable 1,266 1,288 22 Other 3,383 3,084 -298 Decrease in provision for bonuses and lease liability Non-current liabilities 11,157 10,773 -384 Long-term borrowings, net of current portion 5,685 4,977 -708 Repayment of loans Deferred tax liabilities 5,078 5,139 60 Provisions 245 244 0 Other financial liabilities 147 412 264 Total liabilities 26,458 27,465 1,007 Issued capital / Capital surplus 13,780 13,799 19 Treasury shares - 428 △359 69 Retained earnings 29,152 31,132 1,980 Other 4,528 4,706 178 Increase in valuation difference on available-for-sale securities Total equity 47,032 49,280 2,247 Total liabilities and equity 73,490 76,745 3,255 29
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Page No. Page No. Consolidated statements of cash flows (¥ million) Subjects FY2026 2Q FY2027 2Q YoY difference Comments Net cash flows from operating activities 4,338 6,287 1,948 Profit before income taxes 4,144 5,306 1,161 Depreciation and amortization expenses 885 887 2 Increase / decrease in working capital 1,326 2,335 1,009 Decrease in trade receivables and increase in contract liabilities Income taxes paid - 1,418 - 1,358 60 Other - 599 - 885 - 285 Net cash flows used in investing activities - 2,595 - 349 2,246 Purchase of property and equipment - 84 - 173 - 88 Purchase of intangible assets - 238 - 154 83 Payments for lease and guarantee deposits 0 - 25 - 25 Expenditure from the acquisition of a subsidiary - 2,266 - 2,266 Acquisition of WingArcNEX Inc. in the previous period Other - 6 3 10 Net cash flows used in financing activities - 3,069 - 2,716 353 Repayments of lease liabilities - 211 - 215 - 4 Expenditure on repayment of borrowings - 737 - 716 21 Proceeds from issuance of new shares 27 23 - 3 Dividends paid - 2,147 - 1,808 339 Increase in the first half due to commemorative dividends Other 0 0 0 Net foreign exchange differences 1 47 45 Net increase (- refer to decreases) in cash and cash equivalents - 1,325 3,268 4,593 Cash and cash equivalents at the beginning of the period 14,715 13,339 - 1,375 Cash and cash equivalents at the end of the period 13,390 16,608 3,218 30
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Page No. Page No. 31 FY2027: Business Policies
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Page No. Page No. 32 FY2027: Business Policies Revenue ¥34.3 billion (+10.8％) EBITDA ¥12.1 billion (+14.9％) Growth Strategy BDS DE Provide a secure digital form platform enhanced with GenAI Strengthen data infrastructure and deepen the large enterprise market through GenAI Public Sector Steady market expansion and enhance customer value through GenAI
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Page No. Page No. 33 Growth Strategy: BDS
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Page No. Page No. Design 34 Growth Strategy: BDS: Brand Integration Starting in April 2026, invoiceAgent will be integrated into the SVF brand. As a digital document platform, it comprehensively supports the distribution of documents, from internal corporate use to business -to-business transactions. Note that “SVF Archiver” and “SVF Transact” will be consolidated under the former “invoiceAgent” and disclosed on an ongoing basis. Before Design Operation Storage Distribute Functions Design Brand Product Design Design Design After Design Operation Storage Distribute Functions Brand Product Design *At the same time, we have also updated the logos for “SVF,” “Dr.Sum,” and “MotionBoard.”
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Page No. Page No. 35 Growth Strategy: BDS - Digital Form Platform To further advance our digital form platform, we are enhancing its compatibility with GenAI and strengthening our Trust Service to ensure reliable form output even in the age of GenAI. Core Enterprise Systems Generate and output Storage Distribution Business Partner Digital trust MCP MCP MCP A secure digital form platform enhanced with generative AI 1. Manage the document lifecylce using the “SVF” brand 2. Promote MCP 1 compatibility and further enhance compatibility with GenAI 3. Eliminate the risk of tampering through GenAI utilizing trust services ■ Enhancements *1 Model Context Protocol. A common standard that enables seamless connectivity between various AI systems and external services in a standardized manner.
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Page No. Page No. 933 1,199 0 200 400 600 800 1000 1200 1400 1600 FY2025 FY2026 FY2027 36 Growth Strategy: BDS - SVF Cloud SVF Cloud has experienced significant growth as more companies have begun building business systems in the cloud to complement their on-premises core systems. As demand for large-scale usage continues to grow, we plan to expand our higher-tier plans. Revenue +28.5% (¥ million) (Plan) +25 to 30% Key Initiatives Launch of a new plan for large-scale users We are considering offering a new plan that exceeds our current top- tier plan for large-scale use (100 multiplicity, 200,000 requests per day). We have also established licenses for SVF Archiver designed for large-scale use to meet the demand for migration in the electronic document storage sector. We plan to offer a feature that automatically generates SVF forms simply by specifying form layouts and data definitions using natural language. Enhanced functionality through GenAI
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Page No. Page No. 37 Growth Strategy: DE
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Page No. Page No. Task executionVisualizationAnalysisAggregationProcessing 38 Growth Strategy: DE: Strengthen data infrastructure and expanding into the large enterprise market through GenAI Strengthen governance through the implementation of a data catalog1 Storage MCPMCP Enhanced data preparation capabilities Automatically create charts Build business apps - Define processing steps by interacting with GenAI - Generate SQL for processing - Explain and visualize processing steps - Execute test using sample data We are leveraging generative AI to enhance the capabilities required for data management platforms, such as data preprocessing and data governance, to promote customer acquisition in the large enterprise market. Key enhancement areas related to GenAI Data Governance *1 A data catalog that centrally manages an organization’s data assets (metadata) and makes it easy for anyone to access the data they need
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Page No. Page No. 39 Growth Strategy: Public Sector
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Page No. Page No. 40 Growth Strategy: Public Sector: Basic Policy As local governments face increasingly serious challenges such as population decline and staff shortages, our group promotes digital transformation (DX) in local governments by providing optimal solutions, thereby contributing to improved resident services and reduced staff workload. Expands market share through the ecosystem Support for local governments that did not meet the February 2026 transition deadline Captures demand for non- standard reports not covered by system standardization Improves resident services by linking with core data Improves the productivity of local government employees by integrating GenAI into CMS Supports the Hometown Resident Registration System Builds DX solutions in major cities Efficient rollout to other municipalities through model development (CMS for local governments) Compliance with Information Standard Systems Acquisition of projects in major cities Promotion of DX in local governments
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Page No. Page No. 41 Growth Strategy: Public Sector: Initiatives with an eye toward standardization Following the standardization of information systems, we are currently working towards creating a push-type administrative service that utilizes standardized data to notify each resident of the most suitable resident services and administrative support. Resident Information Database System directory2 *1 Local government employees extract, process, and utilize data themselves to suit their work needs *2 A database that compiles the requirements for using various national and local government programs AI Automatic detection engine EUC1 EUC service that can be added to the standardized core systems we provide Push notifications for available government services via LINE and other platforms Childcare Support Health Checkup Disaster Relief Application My Page Administrative systemNotification system By using your My Page, which is authenticated via My Number or similar methods, you can complete your application in just a few taps
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Page No. Page No. 42 Phase 1: April 2026 Quickly launch AI features Lay the groundwork for the AI infrastructure of the next generation CMS Phase 2: Within FY2026 Draft generation function (Support for site updates) Summary generation function (Streamline information dissemination) ● AI site search and chatbot ● Image name generator ● AI assistant (Management Screen) Growth Strategy: Public Sector: Improving productivity through GenAI We are progressively implementing features that are in high demand among local government employees by leveraging GenAI. The system has received high praise for its contribution to improving employee productivity , and we will continue to actively utilize GenAI to further enhance the value we provide.
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Page No. Page No. 43 GenAI Strategy
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Page No. Page No. 44 GenAI Strategy: Basic Policies We view GenAI not as a threat that will replace our business, but as an important technology that will complement and strengthen our competitive advantage. Our business infrastructure, which handles various types of data collected from areas closely integrated with our core systems, is highly compatible with GenAI. By effectively combining these elements, we aim to further enhance the value we provide to our customers. × AI
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Page No. Page No. 45 GenAI Strategy: High compatibility with GenAI Our company provides business infrastructure for enterprises, and the data accumulated within these systems serves as the secure and reliable data infrastructure that forms the foundation for the use of GenAI. With the increasing use of GenAI, we recognize that the importance and value of the data infrastructure we provide will continue to grow. Digital Form Platform Data Utilization Platform A platform that manages the entire document lifecycle, including output, storage, and distribution A platform that offers data analysis capabilities such as storage, processing, and aggregation, as well as data governance functions Form file CSV/XML data Various data related to corporate activities Data Infrastructure Secure and reliable “data infrastructure” Govlong EUC A platform that enables the secure use of data on child-rearing, taxes, welfare, pensions, and more Various data related to local government operations × AI
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Page No. Page No. 46 GenAI Strategy: Competitive advantage that cannot be disrupted by GenAI Core Enterprise Systems High-volume output Storage Distribute High-speed processing of large-scale data Data Management Application platform BDS DE Competitive advantage in GenAI Provides features that are difficult to replace with GenAI High-speed, high-volume output High process reliability Reliability that supports core business operations High-speed aggregation Data Governance Industry and business knowledge BDS DE We provide solutions in areas surrounding core systems that are difficult for GenAI to replace. Our competitive advantage in this field is clear, and we are not in direct competition with GenAI.
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Page No. Page No. 47 GenAI Strategy: Enhance Product Competitiveness Building on our competitive strengths, we will leverage GenAI to further enhance the value we provide and the user experience. Enhanced functionality through the integration of GenAI Improved compatibility with GenAI * Model Context Protocol. A common standard that enables seamless connectivity between various AI systems and external services in a standardized manner. GenAI function WingArc Products and Cloud Services ・Secure and reliable data ・Highly transparent business processes ・Supplements the knowledge and skills of staff ・Contributes to streamlining operations Reuse output By incorporating the GenAI function, we can enhance the value proposition of our products and cloud services. MCP MCP MCP All products and cloud services support MCP*. In addition, by providing licenses that support MCP usage, we are creating an environment that makes it easier to utilize AI. AI AI Can reuse output Reduces AI processing costs Ensures the consistency of results
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Page No. Page No. 48 GenAI Strategy: A product portfolio that grows with GenAI Areas actively adopting GenAI1 Areas and factors that are difficult to replace with GenAI Growth opportunities arising from the expanding use of GenAI Automatically generate form layout Automatically import data Configure automatic form distribution Data processing Ad-hoc free analysis Business app generation Accuracy and reproducibility of processing High-speed, high-volume form output Precise print control Reliability and legal requirements of documents Reliable exchange of document data Aggregation accuracy Processing speed Data accuracy Data Governance Provide reliable data that can be utilized by AI (data infrastructure) The enormous operational costs associated with the use of GenAI Growing demand for digital trust solutions aimed at preventing tampering via GenAI (Formerly invoiceAgent) We aim to achieve new growth by effectively integrating GenAI into each solution while leveraging our existing strengths. *1 Includes features scheduled for future release.
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Page No. Page No. 49 Use Case utilizing GenAI: YANMAR CONSTRUCTION EQUIPMENT CO., LTD. • Streamline production planning to accommodate complex combinations in high-mix production • Implement a system that allows for flexible and rapid plan adjustments when change requests arise • Eliminate reliance on individual expertise in the development of production plans that require advanced skills, and foster talent Issue • Leverage the GenAI function, a key feature of the new version of MotionBoard • Generate interactive dashboards using the AI widget • Used as a “business application” that goes beyond the scope of a typical BI tool, offering features such as automated production planning simulations and intuitive sorting Solution Effect • The time required to formulate daily production plans, which used to take 5 to 6 hours, has been cut by more than half • The work required to prepare for production planning has been eliminated, resulting in a dramatic improvement in overall operational efficiency • The expertise of skilled workers, which was previously difficult to articulate, has been formalized, helping to eliminate reliance on individual expertise By integrating generative AI, MotionBoard has evolved beyond the realm of BI into a business application platform that automates core operations such as production scheduling. Through this, the company aims to drive business growth that extends beyond the scope of traditional BI.
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Page No. Page No. 50 GenAI Strategy: In-house Initiatives Streamline operations through GenAI Cost management using GenAI We have granted Claude licenses to over 400 engineers at our company to improve the efficiency of our development work. In addition, Microsoft Copilot is available to all employees, driving productivity improvements throughout the company. Development-related tasks Customer support operations To help users resolve issues smoothly as they navigate the platform, we offer a chat service integrated with ChatGPT. We encourage users to resolve issues on their own, resulting in a reduction of 4 person-months in support workload. Using our products, we automatically send monthly reports to department heads that include an analysis of expense details, variances between actual and budgeted figures, and projected future expenses. This helps improve business acumen while also contributing to cost management efforts within each department. AI Expense data Analysis Create reports Department manager We actively utilize GenAI within the company to promote increased productivity and improved business performance.
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Page No. Page No. Appendix 2 Company Profile, Business Overview 51
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Page No. Page No. 52 Vision Empower Data, Innovate the Business, Shape the Future. Empower Data, Innovate the Business, Shape the Future.
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Page No. Page No. 53 Business Overview Our business consists of two sectors: Business Document Solutions (BDS), that support the core operations of companies, and Data Empowerment Solutions (DE), that create value from data. Data Empowerment Solutions (DE) Business Document Solutions (BDS)1 Form Design, Operation, Storage, and Distribution Aggregation and Analysis of Big Data Real-time Visualization and DX of the Business Site *1 As of April 2026, "invoiceAgent" has been integrated into the "SVF" brand.
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Page No. Page No. DE Data Empowerment Solutions 35 % ¥10.6 billion Revenue by Solution ¥30.9 billion Revenue by Contract Category ¥30.9 billion Recurring Revenue 1 66% ¥20.2 billion Licenses / Services 34% ¥10.6 billion BDS Business Document Solutions 65% ¥20.2 billion *1 Total sales related to transactions assuming ongoing agreements, such as maintenance, service subscriptions (a form of agreement that collects charges according to the period of use, not the purchase of software) and cloud services. 54 Overview of Sales (FY2026)
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Page No. Page No. 55 Our Group’s Strengths Unique Technology + Industry and Business Expertise Strong Business Channels Attractive Financial Model Recurring Ratio: 65.6% Retention Rate：93.4% EBITDA Margin：34.0% Number of partners: 647 *The numbers quoted are from FY2026 In-house technology development Business-specific solution teams
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Page No. Page No. 56 Improved shareholder return policy(announced October 2023) Since our listing on the Tokyo Stock Exchange, we have focused on strengthening and expanding our recurring business to achieve steady growth. Additionally, the Company’s financial position has improved significantly on the back of strong cash flow. Consequently, we are making the following changes to our shareholder return policy in order to strengthen engagement with shareholders, improve capital efficiency, and provide flexible shareholder returns. Pay-out Ratio Around 30% Total Return Ratio Around 50% *1 Percentage of profit attributable to equity holders of the parent 1 1 (Forecast) Dividend per share trends 21.3 33.5 42.0 52.0 54.021.8 45.2 62.0 52.0 54.0 43.1 78.7 104.0 104.0 108.0 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 2023 2 2024 2 2025 2 2026 2 2027 2 Year-end Interim
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Page No. Page No. 57 Capital Allocation The Company’s ability to generate strong cash flow from its recurring business gives it sufficient investment capacity for business growth even after strengthening shareholder returns. We aim for optimal capital allocation by combining growth and returns. Sales CF (Cumulative total for 4 years) Over ¥300 billion Growth Investments Shareholder returns Finan cing *1 Cumulative total during the medium-term management period (FY2024-2027) 1 Dividends Acquisition of treasury stock Capital investments M&A / Investments Repayment of loans Over ¥10 billion Carry out investments flexibly in view of market conditions and financial status ¥8 billion Approx. ¥2 billion Over ¥10 billion Consider the allocation of cash on hand and external financing in a flexible manner depending on the project Allocation
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Page No. Page No. 58 Our Products Enhance Data Empowerment for End Users Our software features unique and differentiated technology which covers the entire data utilization stream Develop new businesses with strategic partners backed by our stable growth and existing revenue base Data preparation Accumulation and aggregation of big data Business form creation and output Data analysis Data output Distribute Real-time data visualization and utilization Digitization, storage and utilization of form data Business Document Solutions (BDS) Data Empowerment Solutions (DE) Examples of forms – BDS Business Data preparation and analysis support
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Page No. Page No. 59 Uniqueness of Our Products Enables us to Capture Demand for DX and Shift to the Cloud Stable and Long-Term Track Record Broad Distribution Channels through Partners Big Data Processing AI-friendly Database Structure Virtual Data Integration Real-time Visualization Real-Time Data Updates by Users Analysis Support Functions that Utilize AI High Compatibility with IT Systems and Hardware Protocols Distribution Channels Product Superiority Distribution Organization Centered on Vertical / Business-Focused Proposals Sales by a Dedicated Cloud Sales Team / Well-Developed Inside Sales Organization Business Document Solutions with No.1 Market Share Data platform solution that enables a data-driven approach Visualization tool that enables data-driven decision making Significantly Streamline Process of Business Document Operations Fast Data Aggregation High-Precision Data Conversion with Multiple AI-OCRs Integrated document solution for digitizing, archiving and distribution Covers Data Distribution Layer Able to Import Atypical Data
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Page No. Page No. 42% 16% 19% 23% 5.1 11.2 13.34.1 7.6 6.9 2017/2 2018/2 2019/2 2020/2 2021/2 2022/2 2023/2 2024/2 2025/2 2026/2 Licenses / Services Recurring 34% 41% 18% 7% 60 Overview of BDS Sales Trends (¥ billion) Sales composition (Results for FY2025) Maintenance Cloud Subscription Licenses/Services Revenue by Contract By customer size *3 Annual Sales Over ¥100 billion Annual Sales ¥20 to ¥100 billion Public Sector Annual sales of ¥20 billion or less or unknown Market share Maintained top market share for more than 10 years Over 60% of our total product installations are at companies with annual sales of 100 billion yen or more *3 Form operation product market*1 Extensive track record of stable operations, mainly for large corporations and government agencies Competitive Advantage High compatibility with a variety of systems and hardware Numerous partners and technicians familiar with our software Solid customer base based on longstanding relationships of trust *1. Market share of form management products in MIC IT Report in December 2025 by Deloitte Tohmatsu MIC Research Institute Co., Ltd. Chart 2-5. Operations: Sales and market share by product/service vendor Trends in FY2025 Results (https://mic-r.co.jp/micit/2025/) *2. Calculated based on our customer database. *3. Applicable to SVF sales BDS WingArc1st, 70% 10% 10% 3% 7%
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Page No. Page No. 61 SVF Streamlines and Digitalizes Business Documents Operation Cost and time savings Stable operationsProductivity improvements Customer Value Proposition Inefficient Operation When Legacy System Is Used… …SVF Simplifies “Chohyo” Operation Core Enterprise Systems “Chohyo” Systems End-Users HQ Dept. A Dept. B SubsidiarySubsidiary Peer Product HQ Custom- Made Dept. BDept. A System4System1 System3System2 Custom- Made System4System1 System3System2 SVF digitizes the analog process of business document operations Improves productivity and reduces costs and time by integrating business documents and simplifying systems BDS
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Page No. Page No. Purchase order Monthly report Summary sheet Application sheet Manufacturing directions Shipping information Delivery detail Inspection certificate Purchasing Branch Warehouse Delivery center Consumer Customer Bank Convenience store Transfer form Purchase orderStatement of deliveryInvoice Delivery slip Shipping invoice Statement of delivery Government Government DocumentResident Card Quotation Purchase order “Forms” are deeply embedded in Japanese business processes and will never disappear although their character may change Most of our form-based operations are digitalized and able to handle both paper-based and digital forms. HQ Forms come in a variety of formats, and software is essential for both their design and use. Notes 1. * WingArc 1st’s database 62 Forms that are essential for business in Japan Production Subcontractor BDS
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Page No. Page No. 63 Examples of forms – BDS Business Application for Insurance Premium Deduction (Government Document) E-TicketInvoice BDS
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Page No. Page No. 64 Establishment of a digital form platform Data distribution between companies Document management (sending company) Document management (receiving company) Receipt Storage Compliance with the Electronic Books Preservation Act System integration Output digital forms Storage Distribution We will promote the provision of a digital form platform that meets all form needs within and between companies. Digital Form Platform BDS
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Page No. Page No. 65 Secure document management that complies with the Electronic Books Preservation Act Unified operations, from sending and receiving invoices to form management A cloud-based electronic transaction solution that allows users to send, receive, and manage transaction forms in one go. It supports compliance with the Electronic Books Preservation Act and the invoicing system while maintaining the optimal format of forms for companies. It also accelerates B2B transactions through forms. A document management solution that can sort, store, and search all types of forms, as well as integrate with other systems. It facilitates secure electronic document management that complies with the Electronic Books Preservation Act, reduces costs, strengthens governance, and promotes paperless operations. Product Lineup BDS Form solution supporting core business operations at large enterprises Serving as the form management platform for large corporations and government agencies, it reliably produces the large volumes of forms essential for daily operations. It offers flexible support for both paper and digital output. In line with the increase in electronic transactions, CSV files can now be attached to forms. It provides stable operations for form- related tasks and a robust system infrastructure. Enhancing the reliability of Transact A digital trust service that enhances the reliability of documents being distributed. As it becomes easier to tamper with data using GenAI, it ensures the integrity of documents. It contributes to the promotion of digitization and paperless operations.
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Page No. Page No. 66 Digital Form Platform Use Case Core Enterprise Systems/ERP Form Infrastructure A chemicals manufacturer that sends and receives a large number of forms to and from many suppliers took the opportunity to introduce WingArc1st’s solutions when it replaced its mainframe. The storage and web distribution of electronic forms are increasingly becoming requirements for projects that involve the renewal of core systems. 6 environments including tenants for group companies Delivered more than 20,000 mails/month since its official launch at the head office Group companies are scheduled to use the system in the future * and are introduced simultaneously Upon renewal of its core system, the company shifted from output using individual systems to comprehensive management and operation using SVF as its form infrastructure. SVF was valued for its support for document migration and its track record of stable operation. Vendors have announced that they are retiring their mainframes, and many companies plan to move away from mainframes as soon as possible. Distribution Storage ▶ Usage Overview▶ System Configuration (Form-Related) Given the large scale of core system renewal projects, we will strengthen our collaboration with system integrators and ERP vendors to proceed with the large-scale implementation of digital form platforms. BDS
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Page No. Page No. 37% 26% 30% 7% 35% 29% 32% 4% 1.6 3.3 3.60.3 3.0 3.4 2.2 3.7 3.7 2017/2 2018/2 2019/2 2020/2 2021/2 2022/2 2023/2 2024/2 2025/2 2026/2 Licenses / Services Cloud Subscription 672026Copyright © WingArc1st Inc. All Rights Reserved. Overview of DE Sales Trends (¥ billion) Market share Package Sales composition (Results for FY2026) Aggregation and analysis of big data Competitive Advantage Unique industry and business solutions from a dedicated team of specialists Virtual integration and real-time visualization of various types of data Maintenance Cloud Subscription Licenses/Services Revenue by Contract By customer size *2 Public Sector SaaS/PaaS Annual Sales Over ¥100 billion Annual Sales ¥20 to ¥100 billion Annual sales of ¥20 billion or less or unknown DE *1 Fuji Chimera Research Institute's "Software Business New Market 2025", D10.BI tools FY2024 results. *2 Includes Dr.Sum and MotionBoard sales. A, 24% B, 23% WingArc1st, 14% C, 9% D, 9% others, 21%A, 20% WingArc1st, 17% B, 15% C, 15% D, 10% others, 23% *1
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Page No. Page No. 68 Improve the Speed and Quality of Operations with Data Utilization Faster and simpler operation Enhancement of speed and quality of decision makingFurther utilization of data Customer Value Proposition Data is Generally Scrambled and Un-Utilized DE Products Empower Business Performance HQ Dept. A Dept. B Analysis Data preparation Document Preparation HQ Dept. A Dept. B Create reports Analysis Data preparation Big data aggregation and analysis Real-time visualization and action Improve operational efficiency and enhance speed and quality of decision making by digitization in the areas of data aggregation, analysis, and reporting DE
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Page No. Page No. Our unique positioning in the BI tools market is backed by multi-functionality Monitoring Case Study Marketing/Analysis Operation/Decision-making Illustrative Core Users On-Site Employees (e.g. Manufacturing) Experts (e.g. Marketer) Management Inter-Company Connection With corporate DX initiatives gaining traction, the end-user base is expanding 69 Differentiated Positioning / Strategy DE
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Page No. Page No. 70 DE: Basic Policies Formation of a dedicated organization and workforce increase Enhanced integration with third-party cloud services Enhancement of data platform Business Strategy Data- related operations On-site operations Area where data is utilized for management strategies to raise corporate competitiveness Focus on large companies Areas of data aggregation and visualization for reporting Large companies and mid- sized enterprises Areas to streamline work efficiency in the field All companies Sales Strategy Development StrategyHierarchy of data use Improve productivity by utilizing AI Our area of expertise Focus is on measures to strengthen service delivery systems and data platforms related to Dataring. DE
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Page No. Page No. 71 DE: Dataring Dataring's targets are primarily companies with existing customers who have challenges in data utilization. Although personnel resources will be required, the expanded scope of services offered will significantly increase unit costs and recurring revenues. Data Preparation Only at the time of introduction Provided as individual functions Provided as a cloud platform Data Catalog Usual cases Professional Services Cloud/Software Continuous consulting services Increased recurring revenue Wider scope of provision Unit price increase Effect DE
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Page No. Page No. Database 2 Cloud Platform MonitoringIntegrated Data Infrastructure 72 A major retailer with a large amount of data has implemented a cloud platform equipped with company-wide data infrastructure and demand forecasting algorithms. Through this system, the company has achieved highly accurate demand forecasting by means of comprehensive data management. ▶ Usage Overview▶ System Configuration Distribution Orders Plan Product Management Demand Forecast Over 80% accuracy for both shipment/sales forecasting. The forecasting system provides user feedback on a case-by-case basis to continuously improve accuracy. Reduced opportunity loss caused by missing products Significant reduction in work hours through digitization Automated the ordering process by integrating with other systems Order System We will respond to a wide range of customer needs not only by offering our solutions, but also by offering a combination of various solutions. Database 1 Earnings POS Sales/SCM Data DEDE Cloud: Case Study
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Page No. Page No. New version of MotionBoard equipped with generative AI 73 We launched the new MotionBoard, a data utilization platform equipped with generative AI, on December 20. It utilizes generative AI to perform highly interactive analysis and streamline operations using natural language. Support analytics with generative AI Strengthen linkage with external data Automatically generate dashboards and items using the AI widget, a generative AI function. Analyses using these methods are also achievable in natural language. Strengthens seamless integration with various data sources. Combines site data to enable comprehensive analysis Create business applications with generative AI Use the AI Widget, a generative AI function, to easily create business apps on MotionBoard. DE
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Page No. Page No. Software Vendors Distribution Partners (System Integrator) ・License Sale ・License Sale ・System Integrate ・Support/ Maintenance ・License Sale ・Support / Maintenance Japan (Systems Integrator Model) Global Model Software Vendors Corporate /LOB (In-house) IT Division Corporate /LOB (In-house) IT Division Sales Distribution Partners Corporate /LOB (In-house) IT Division ・License Sale Services Maintenance ・Support / Maintenance Establishment of a partnership model enables continuous creation of projects and efficient sales activities. We have signed maintenance contracts with more than 90% of software installation customers, contributing significantly to stable revenue and continued expansion. 74 Comparison of Sales Models
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Page No. Page No. Y1 Y2 Y3 Y4 Y5 On-premises Y1 Y2 Y3 Y4 Y5 Maintenance Licenses Deploy Replace + Upsell + Upsell … … … 75 Illustrative Revenue Structure for Our On-Premise and Cloud/Subscription Sales Models Cloud/Subscription
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Page No. Page No. 76 Experienced Management Team Committed to Innovation President, Executive Officer, and CEO Jun Tanaka Chairman Hiroyuki Uchino Director Executive Officer, and CTO Ko Shimazawa Director Executive Officer, and CFO Taisuke Fujimoto Director (Outside) Kotaro Yamazawa Director (Outside) Takao Yajima Director (Outside) Shunsuke Okada Director (Outside) Yoko Ono Executive Officer and CSO Masaki Moriwaki Executive Officer Yoshiyuki Yoshida Executive Officer and CMO Atsuki Kuga Executive Officer Shigeo Osawa Executive Officer Yutaka Nagoya Executive Officer Takahiro Sakimoto
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Page No. Page No. Basic Policy on Corporate Governance Having adopted “Empower Data, Innovate the Business, Shape the Future” as its business vision, WingArc1st aims to deliver a better society by adding value to data and bringing about innovation. On the basis of our “Build the Trust” concept, we have positioned “producing results that exceed the expectations of other parties” and “being trusted” as core values of the Group while working to achieve sustainable business development and improvements in corporate value by earning the trust of stakeholders and customers. Essential to that goal is prompt decision making in response to changes in the business environment, ensuring management soundness, efficiency, and thorough legal compliance. We are therefore striving to establish an appropriate corporate governance system. Marketing Headquarters Business Document Division Data Empowerment Division Person other than outside director or inside director Special Committees Committee Chairperson Nomination & Compensation Committee Technical DepartmentSales Division Administrative Headquarters As of the end of April 2025 Human Resources Department Audit & Supervisory Board Outside Auditors Accounting Auditor Chairman (Non-executive) Board of Directors Inside Directors Outside Directors Inside Director Outside Director Outside Auditors General meeting of shareholders President Internal Audit Office Risk Compliance Committee Information Security Committee Sustainability Committee Main Items Description Organizational Structure Company with Audit & Supervisory Board Number of Directors 8 (of which 4 are Outside Directors) Number of Auditors 3 (all of whom are Outside Auditors) Directors’ Term in Office One year Number of Times Board of Directors’ Meetings were Held (Average Attendance Rate of Outside Directors) 14 meetings (average of 100% attendance) *FY2026 Actual Number of Times Audit & Supervisory Board Meetings were Held (Average Attendance Rate of Outside Auditors) 16 meetings (average of 100% attendance) *FY2026 Actual Board of Directors’ Optional Advisory Committees Nomination & Compensation Committee Adoption of Executive Officer System Yes 77 Overview of Corporate Governance
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Page No. Page No. 78 Sustainability Concept Sustainability Vision “We will strive to create a better society with the power of data. Having adopted “Empower Data, Innovate the Business, Shape the Future” WingArc1st believes that maximizing the performance of each and every individual-unfettered by region, age, gender or race-through the sharing and utilization of data will lead to overcoming of social issues. The Group’s vision for sustainability is to create a regenerative system that empowers people and organizations, builds a data-driven society, and creates a better society overall. https://ir.wingarc.com/en/reporting/sustainability/
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Page No. Page No. 79 Company Profile Company Name WingArc1st Inc. Location Roppongi Grand Tower, 3-2-1 Roppongi, Minato-ku, Tokyo, Japan 106-0032 Founded March 2004 Capital ¥1.2 billion Representative Jun Tanaka, President, Executive Officer and CEO Fiscal Year March through February Number of employees Consolidated 1,126 / Non-consolidated 836 (As of the end of February 2026) Group Companies Everforth Co., Ltd. traevo Inc. TRYSERVE Co., Ltd. WingArcNEX Inc. WingArc Shanghai Inc. WingArc Dalian Inc. WingArc Singapore Pte. Ltd. WingArc Australia Pty Ltd Status of Shareholders*1*2 *1 As of the end of February 2026 *2 The holding ratio is calculated after deducting treasury stock (228,712 shares). Shareholder Name Number of shares held Share-holding ratio*2 IW.DX Partners Inc. 7,643,470 21.98% Toshiba Corporation 4,604,700 13.24% The Master Trust Bank of Japan, Ltd. (Trust Account) 2,448,400 7.04% Custody Bank of Japan, Ltd. (Trust Account) 2,069,100 5.95% Monolith LLP 1,400,000 4.03% STATE STREET BANK AND TRUST COMPANY 505301 1,091,685 3.14% NORTHERN TRUST CO. (AVFC) RE UKUC UCITS CLIENTS NON LENDING 10PCT TREATY ACCOUNT 956,700 2.75% BBH FOR FIDELITY LOW-PRICED STOCK FUND 619,537 1.78% MSIP CLIENT SECURITIES 617,300 1.77% Suzuyo & Co., Ltd. 537,300 1.54% Other 12,792,566 36.78% Grand total (excluding own stocks) 34,780,758 100.00%