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Q3 FY09/2026 Consolidated Financial Results HENNGE K.K. (4475: TSE Growth) August 4, 2026 Note: This is a translation of part of the original Japanese version and is provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Table of Contents 2 1. Q3 FY2026 Consolidated Financial Results 2. FY2026 Full-year Forecast Progress 3. Growth Strategy 4. Appendix Corporate Overview Total Addressable Market Others
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Q3 FY2026 Consolidated Financial Results (Financial Results) 3
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Q3 FY2025 Q3 FY2026 YoY YoY (%) FY2026 Forecast Progress (%) Consolidated Financial Results Highlights (unit: JPY million) 4 Net sales (HENNGE One) (Professional service and others) Total cost of sales Gross profit (Gross profit margin) Total selling, general and administrative expenses Operating income (Operating income margin) Ordinary income Profit attributable to owners of parent (Net income margin) 8,016 9,390 +1,374 +17.1% 12,834 73.2% 7,509 8,867 +1,357 +18.1% 12,087 73.4% 506 523 +16 +3.2% 747 70.0% 1,107 1,278 +171 +15.5% 6,909 8,112 +1,203 +17.4% (86.2%) (86.4%) (+0.2pts) 5,329 6,258 +929 +17.4% 1,580 1,854 +274 +17.4% 2,057 90.1% (19.7%) (19.7%) (+0pts) (16.0%) 1,610 1,857 +247 +15.3% 2,073 89.6% 1,058 1,361 +304 +28.7% 1,595 85.4% (13.2%) (14.5%) (+1.3pts) (12.4%)
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results 5 Net Sales (unit: JPY million) FY2023 FY2024 FY2025 FY2026 ■ Professional service and others ■ HENNGE One
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results 6 Net sales for HENNGE One business, our growth driver, grew steadily YoY. ■ Professional service and others ■ HENNGE One Net Sales (YoY) HENNGE One YoY +18.1% (+ JPY 1.36B) YoY +3.2% (+ JPY 0.02B) Professional service and others YoY +17.1% (+ JPY 1.37B) Total (unit: JPY million) FY2023 FY2025 FY2024 FY2026
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results 7 Gross Profit (unit: JPY million) FY2023 FY2024 FY2025 FY2026 ● Gross profit margin ■ Gross profit
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Gross profit margin remains at a high level. 8 Gross Profit (YoY) ● Gross profit margin ■ Gross profit (unit: JPY million) Gross profit YoY +17.4% (+ JPY 1.20B) FY2023 FY2025 FY2024 FY2026
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results 9 Other SG&A ● Increase in recruitment-related expenses, mainly driven by active hiring efforts. ● Increase in depreciation, due to the recognition of expenses associated with the headquarters relocation scheduled for April 2027. ● Increase in traveling and transportation expenses, etc., mainly driven by higher levels of in-person activities. Advertising expenses ● Increased mainly due to proactive marketing and branding activities in conjunction with “HENNGE Unveiled 2026, ” where we announced our new services. Operating Expenses (QoQ) QoQ + JPY 19M + JPY 36M - JPY 64M + JPY 62M + JPY 141M + JPY 107M Cost of sales R&D expenses Other SG&A Personnel expenses Advertising expenses Business consignment & staffing expenses SG&ACost of Sales (unit: JPY million)
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Operating Expenses (YoY) Advertising expenses ● Increase due to proactive marketing efforts across various regions, along with continued investments in branding initiatives to raise awareness of HENNGE One. Personnel expenses ● Increase mainly driven by headcount growth. 10 (9 mos accum.) (9 mos accum.) Personnel expenses cost to sales ratio (YoY) 18.5% (-3.3pts) 9.5%(+1.8pts) 6.0% (-1.2pts) 28.7%(+3.4pts) 4.0% (-0.5pts) 13.6% (-0.2pts) Advertising expenses SG&A to sales ratio 66.6% SG&A to sales ratio 66.5% R&D expenses Other SG&A Business consignment & staffing expenses SG&ACost of Sales Cost of SalesCost of sales (unit: JPY million)
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results 11 Net Sales and Operating Expenses ● Net sales ■ Other SG&A ■ Advertising expenses ■ Business consignment & staffing expenses ■ Personnel expenses ■ R&D expenses ■ Cost of Sales (unit: JPY million) FY2023 FY2024 FY2025 FY2026
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results 12 Number of Employees FY2024 FY2025 Q3 FY2026FY2023 Despite a challenging recruitment environment, net headcount increased by 40 from the end of the previous fiscal year as a consequence of various initiatives, such as strengthening the hiring of young talent. ■ Others ■ Professional service ■ Business Dev. ■ HENNGE One Customer Success ■ HENNGE One Sales ■ HENNGE One Dev./ R&D # of employees taking maternity/childcare/family-care leave * parentheses indicate # of employees in overseas subsidiaries included in the total (unit: employees, excluding part-time employees)
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Q3 FY2026 Consolidated Financial Results (Business Activities) 13
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Business Highlights ● Advertisements and events ○ Exhibited at “Japan IT Week Spring” (April 2026) ○ Hosted “HENNGE Unveiled 2026” (April 2026) Announced three new services for HENNGE One: “HENNGE Mesh Network, ” “HENNGE Password Manager, ” and “HENNGE Domain Protection” ○ Hosted “HENNGE One Partner Meeting 2026 Tokyo” (June 2026) ○ Engaged in numerous events across various regions (April to June 2026) ● Others ○ Applied for a market segment change to Tokyo Stock Exchange Prime Market (June 2026) 14
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Announcement of New Services for HENNGE One Hosted “HENNGE Unveiled 2026” in April 2026 and announced new services for HENNGE One. Expanding the scope of HENNGE One to Identity, Devices, and Networks to drive Zero Trust implementation. 15 Launched in March 2026 Launch planned after October 2026 * We announced “Notice Regarding the New Service Plans for HENNGE One” on August 4, 2026. Please refer to p.50 of this presentation for details.
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Marketing and Branding Activity Highlights Conducted activities to deliver the new value of HENNGE One to various targets, including “HENNGE Unveiled 2026. ” Maintained consistent efforts to raise awareness of HENNGE One. 16 Engaged in over 70 events Event EDIX Tokyo 2026 May 13 (Wed.) - May 15 (Fri.) Event HENNGE One Partner Meeting 2026 Tokyo June 9 (Tue.) Event Japan IT Week Spring April 8 (Wed.) - April 10 (Fri.) Event HENNGE Unveiled 2026 April 16 (Thu.)
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Application for TSE Prime Market Segment Change Applied for a market segment change to the TSE Prime Market on June 25, 2026, aiming for mid to long term growth and further enhancement of corporate value. Objectives of Changing Market Segment Strengthening Our Brand To attract talented people and enhance relationships with customers and partner companies. Enhancing Our Presence in the Capital Markets To aim for mid to long term improvement in shareholder value by increasing market recognition and expanding access to a broader range of investors. Further Sophistication of Our Governance Structure To strengthen the management foundation that supports sustainable corporate growth by further enhancing our governance systems. Notes: The approval date is yet to be determined. Furthermore, the approval of our application by Tokyo Stock Exchange, Inc. involves various uncertainties. Please note that the application may ultimately not be approved. We will make prompt announcements if any matters requiring disclosure arise. 17
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Q3 FY2026 Consolidated Financial Results (KPI Results) 18
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results HENNGE One KPI Highlights (Progress in 9 months, compared to the end of FY2025) # of contracted companies 3,881 companies increased by 454 companies # of contracted users 3.149M users increased by 349K users ARR JPY 12.52B increased by JPY 1.38B ARPU JPY 3,975 decreased by JPY 2 Average # of users 811 users decreased by 6 users Average monthly churn rate over the past 12 months 0.30 % improved by 0.02 pts 19
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results ARR YoY +16.7% # of contracted companies YoY +18.0% 20 HENNGE One KPIs (YoY) # of contracted users YoY +16.5% + JPY 1.79B (unit: companies) (unit: K users) (unit: JPY million) +591 companies +446K users
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results 21 HENNGE One Gross Revenue Churn Rate The churn rate remains low, securing a solid base of recurring revenue. ● Average monthly churn rate over the past 12 months for HENNGE One● Average monthly churn rate over the past 12 months for HENNGE One 0.54% 0.28% 0.28% 0.27% 0.27% 0.30% 0.34% 0.44% 0.30% 0.43% 0.45% 0.36% 0.33% 0.30% 0.26%
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results 22 HENNGE One Contracted Companies & Users # of contracted companies increased, mainly due to steady acquisitions of small to mid sized contracts. # of contracted users grew significantly, driven by acquisition of c. 10 new contracts that exceeds our main target scale. QoQ +185K users QoQ +150 companies FY2023 FY2024 FY2025 FY2026 ● HENNGE One Contracted Users (K users) ■ HENNGE One Contracted Companies (companies)
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results 23 ARPU decreased, mainly impacted by multiple large new customers opting for single-featured plans. ARR grew significantly, mainly driven by the substantial increase in # of contracted users. QoQ - JPY 41 per user QoQ + JPY 0.61B HENNGE One ARR & ARPU FY2023 FY2024 FY2025 FY2026 ● HENNGE One ARPU (JPY per user) ■ HENNGE One ARR (JPY million)
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results FY2026 Full-year Forecast Progress 24
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Our Policy of FY2026 25 In pursuit of JPY 20B in ARR, strengthen sales structure and accelerate new customer acquisition, along with enhancing additional service value HENNGE One Business ● Conduct marketing focusing on events to accelerate new customer acquisition and expand a stable customer base. ● To achieve JPY 20B in ARR as a group in FY2029, first focus on efforts to increase the value of HENNGE One. ● Build a foundation for future customer acquisition in high growth regions, both domestically and internationally. Branding Activities ● Continue taking on activities that contribute to raising awareness and brand of HENNGE. ● Supported by the brand, challenge on further promoting the existing business, cultivate new market and opportunities for M&A to generate additional value. Personnel Plan ● Aim to increase 45 net headcounts or more to prepare for future business expansion. ● By combining effects from internal reassignments and external hiring, strengthen “selling capabilities” and achieve a lean, robust organizational structure and steady organizational growth. Business Investments ● Explore business investments including M&A, to boost value of HENNGE One for growth beyond JPY 20B in ARR.
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results 26 FY2026 Forecast - Net Sales by Business The progress of HENNGE One’s sales is 73.4% against the full-year forecast. (unit: JPY million) HENNGE One ■ Results ■ Forecast Professional service and others (unit: JPY million)
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results 27 FY2026 Forecast - Operating Expenses The progress of advertising expenses is 77.2% against the full-year forecast. The progress of operating expenses excluding advertising expenses is 69.0% against the full-year forecast. Advertising expenses Operating expenses excl. advertising expenses (unit: JPY million) (unit: JPY million) ■ Results ■ Forecast
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results FY2026 Forecast Highlights 28 Net sales (HENNGE One) (Professional service and others) Operating expenses (Advertising expenses) (Operating expenses excl. advertising expenses) Operating income (Operating income margin) Ordinary income Profit attributable to owners of parent (Net income margin) (unit: JPY million) FY2024 Results FY2025 Results FY2026 Forecast YoY YoY (%) 8,365 10,924 12,834 +1,910 +17.5% 7,737 10,259 12,087 +1,828 +17.8% 628 665 747 +82 +12.3% 7,350 9,130 10,777 +1,647 +18.0% 708 961 1,154 +193 +20.1% 6,642 8,169 9,623 +1,454 +17.8% 1,015 1,793 2,057 +263 +14.7% (12.1%) (16.4%) (16.0%) (-0.4pts) 1,000 1,854 2,073 +220 +11.9% 827 1,358 1,595 +236 +17.4% (9.9%) (12.4%) (12.4%) (-0pts)
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Growth Strategy 29
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Corporate Philosophy We want to deliver the power of technology to as many people as we can. Liberation of Technology テクノロジーの解放 30
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Maximize L TV Our growth strategy is to maximize L TV. Currently, “Y” and “r” are already at high levels, therefore our focus is to maximize ARR. = [# of contracted companies] = [Average # of contracted users per contracted company] = [Average Revenue Per User] = [Average contract duration in years] = [Gross profit rate] Y r N n ARPU 31 L TV = ARR × Y × r ARR = N × n × ARPU
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results HENNGE One - Growth Strategy KPIs 32 In recent years, a number of small to mid sized contracts were acquired by strengthening relationships with resellers. As a result of providing demanded new services and features, ARPU has improved and led to ARR growth. FY2018 2,552 ＝ 1,176 × 1,166 × 1,861 +34.4% +653 +26.7% +248 +5.3% +59 +0.7% +13 FY2019 3,240 ＝ 1,428 × 1,171 × 1,938 +27.0% +688 +21.4% +252 +0.4% +5 +4.2% +77 FY2020 3,909 ＝ 1,667 × 1,169 × 2,007 +20.7% +670 +16.7% +239 -0.2% -2 +3.5% +68 FY2021 4,740 ＝ 1,952 × 1,095 × 2,217 +21.2% +830 +17.1% +285 -6.3% -73 +10.5% +210 FY2022 5,602 ＝ 2,213 × 1,050 × 2,410 +18.2% +862 +13.4% +261 -4.1% -45 +8.7% +193 FY2023 6,929 ＝ 2,610 × 912 × 2,910 +23.7% +1,328 +17.9% +397 -13.2% -138 +20.8% +501 FY2024 8,753 ＝ 2,951 × 845 × 3,508 +26.3% +1,824 +13.1% +341 -7.3% -67 +20.5% +598 FY2025 11,135 ＝ 3,427 × 817 × 3,977 +27.2% +2,382 +16.1% +476 -3.4% -28 +13.4% +468 Q3 FY2026 12,519 ＝ 3,881 × 811 × 3,975 ARR N n ARPU ARR YoY (％) YoY # of contracted companies YoY (％) YoY Average # of contracted users per contracted companies YoY (％) YoY Average Revenue Per User YoY (％) YoY (JPY million) (companies) (users) (JPY)
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Value Generation Cycle 33 Leveraging the experience gained from achieving JPY 10B in ARR, we will evolve the Value Generation Cycle striving for JPY 20B in ARR, and sustainable growth beyond. FY2022 FY2025 CAGR over 20% (The bar graph displays data for ARR of HENNGE One) FY2029
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Mid-term Target and Ambition Beyond While targeting JPY 20B in ARR for FY2029, we will solidify our foundation for further growth beyond, which enables us to exceed JPY 100B in ARR and achieve potential operating profit margin (OPM) of 50% within FY2035 to FY2037. 34 ARR JPY 100B Potential OPM 50% ARR JPY 11B ARR JPY 20B OPM 20%OPM 16% In addition to promoting current businesses, proactively cultivate new markets and expand value generation through M&As and other measures. FY2035-37FY2029FY2025 With a focus on the promotion of current businesses, take on the challenges of overseas expansion, M&As, and other measures in order to create an inflection point for future ARR growth.
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Appendix (Corporate Overview) 36
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Company name : HENNGE K.K. Directors : Kazuhiro Ogura Representative Director, President and CEO Kazuaki Miyamoto Representative Director, Executive Senior Vice President Yoshiki Nagatome Director, Executive Senior Vice President Haruo Amano Director, Executive Senior Vice President Mio Takaoka Outside Director Michiko Kato Outside Director Fumiaki Goto Director (Full-time Audit & Supervisory Committee Member) Akenobu Hayakawa Outside Director (Audit & Supervisory Committee Member) Kunihiro Onai Outside Director (Audit & Supervisory Committee Member) Founded on : November 5, 1996 37 Corporate Profile
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Locations Japan Taiwan Tokyo Head office Fukuoka branch office 2018/08 Osaka branch office 2015/06 Nagoya branch office 2016/08 38 USA HENNGE Taiwan 2016/10 HENNGE Inc. 2025/04 Hiroshima branch office 2025/11
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Employee Breakdown by Function 39 430 (unit: employees, excluding part-time employees, as of 2026-06-30)
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Corporate Philosophy We want to deliver the power of technology to as many people as we can. Liberation of Technology テクノロジーの解放 40
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results History 41 Our business domain is ever-changing, but our will remains steadfast. 1996 1997 2000 2011 2012 2021 Linux server management software HDE Controller Establishment eCRM software HDE Customers Care HENNGE One (f.k.a. HDE mail service) Linux Email SaaS (DLP) SaaS (Identity) SaaS (Cybersecurity) HENNGE One Access Control HENNGE One Cloud Protection
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results 42 Net Sales by Business 94.4% of net sales come from HENNGE One business. ● HENNGE One ● Professional service and others (as of Q3 FY2026) JPY 9.39B
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results 43 HENNGE One’s service availability rate: Over 99.9% HENNGE One Provide services in one-stop that remove obstacles for companies trying to improve productivity by adopting cloud. Enhance security and usability of cloud to all the employees by having company-wide implementation. Enable access management to support safe work styles for employees Prevent information leakage via email and cloud storage Improve the level of corporate security in all directions of technology, people, and processes Identity DLP Cybersecurity
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results ID FederationAccess Control HENNGE One - Identity 44 Provide cross-sectional secure access and SSO for various cloud services used by companies. SSO Integration: Currently integrates with 485 cloud services Microsoft 365 Google Workspace HR Tech SFA and more.. User management Access policy management Access log Customizable policy Various cloud servicesAdministrator SSO SSO + MFA SSO + MFA ID/PASSoffice home Device cert. Secure Browser OTPcafe etc. ID/PASS
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results HENNGE One - DLP Prevent leaks of important data, such as confidential corporate information, from misdirected email and wrong file sharing misconfiguration. 45 - URL auto-conversion - BOX Integration Recipient - Filtering - Preventing misdirected emails - Email Archiving - Search in Japanese - Large file transfer - Shared Authority Management - Shared Information List Secure DL Email DLP Email Archive Secure Transfer File DLP Microsoft 365 Google Workspace DLP
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results HENNGE One - Cybersecurity Improve the level of security from technology, people, and processes, by addressing measures such as for ransomware and targeted email attacks. HENNGE TadrillHENNGE Cloud Protection 46 Administrators Targeted attacks Send sample phishing emails User Report Training result Regular training Sandbox Reputation check Behavior detection External user Internal user URLs Files Emails URLs Files Emails API integration
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Launched a new service “HENNGE Endpoint & Managed Security” in March 2026. By combining EDR, MDR, and vulnerability assessments, it provides holistic measures not only for devices but also web-facing IT assets. 47 HENNGE One - Cybersecurity
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results HENNGE One - Solid Customer Base HENNGE One is used by 3,881 companies in various industries, and has approximately 3.149 million users. Average number of contracted users per contracted company is approximately 811. (as of 2026-06-30) Breakdown by Contracted Users Size (ARR Base, FY2025) Approx. 20.8% of listed companies on TSE are using HENNGE One. and more 48 ● 300 - 5,000 users ● Less than 300 users ● Over 5,000 users
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results HENNGE One - License Lineups 49 Breakdown by Plan (ARR Base, FY2025) ● HENNGE One Pro ● HENNGE One Basic ● Single-function plans and others
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results 50 Revamp of Service Plans for HENNGE One Announced in 2026/8 (Oct 2026 -) We are planning to comprehensively revamp the service plans for HENNGE One from October 2026.
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Appendix (Total Addressable Market) 51
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Number of Companies by Employee Size in Japan Enormous potential within the market exists as cloud adoption will accelerate going forward. Calculated by HENNGE Group based on the total number of companies with 30 or more employees in Japan as the number of our potential customers if cloud computing become more widespread in Japan in the future. (References: ʻEconomic Census -Activity Survey Results’ by Ministry of Economy, Trade and Industry of Japan in 2021) Customers’ demands Comps 653 companies 18,667 companies 44,035 companies 143,670 companies ID management for on-premises and hybrid cloud DX, Cloud migration Shift to SaaS based work style SSO Password management Comps 5,000 - 300 - 4,999 100 - 299 30 - 99 # of employees HENNGE ■ # of companies by each employee scale ■ # of our contracted customers 52
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Strengthening Expansion into Overseas Markets Our main service is a cloud service, which has the potential for cross-border expansion. While continuing to target the Asian market, we will also challenge the business expansion in other regions. 53
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Appendix (Others) 54
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results 55 Path to Becoming World Class IT Company Strong HENNGE Brand Make business partners anticipate for the future possibilities from HENNGE’s innovativeness Make potential customers recognize HENNGE’s superiority, backed by trust and track records Convince customers with HENNGE’s foresight and value Sympathize hiring candidates with HENNGE’s philosophy We will aggressively focus on promoting the existing business, cultivating new markets, and expanding our value through M&As and other measures. To accelerate these efforts, strengthening HENNGE brand is one of the key areas. Strength in Alliance Increase in “N” Accelerate Recruitment Improvement in ARPU
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results New Business Developments Search for the market demands and accelerate the release of new features and services that meet the demands. Continue to support our customers in utilizing SaaS and keep continuing “Liberation of Technology. ” 56 2022 2023 2024 2025Before 2021 Liberation of Technology SaaS Utilization Cloud Security Cybersecurity HENNGE Email Archive HENNGE Secure Transfer HENNGE Access Control HENNGE Device Certificate HENNGE Email DLP HENNGE Secure Browser HENNGE Cloud Protection HENNGE Lock HENNGE Secure Download HENNGE Access Control API HENNGE Tadrill HENNGE File DLPHENNGE Connect HENNGE Secure Download for BOX 2026 HENNGE Endpoint & Managed Security Automation Zero Trust Messaging Security Platform AI
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results HENNGE One - Service Overview 57 Service Overview HENNGE Access Control HENNGE Device Certificate HENNGE Secure Browser HENNGE Lock HENNGE Connect HENNGE Access Control API Access control, SSO Secure browser Device certificate App for one-time password Secure gate to On-Premise system API for ID management HENNGE Tadrill HENNGE Email Archive HENNGE Secure Transfer HENNGE Email DLP HENNGE Secure Download HENNGE Secure Download for Box HENNGE File DLP HENNGE Cloud Protection Countermeasure against targeted attacks (protection for email and data) Email audit, Archive Countermeasures against misdirected emails (filter, select sending method) Large file transmission and reception Uploading email attachments to cloud storage with auto URL notification Uploading email attachments to Box with auto URL notification Countermeasure against information leakage from file sharing Targeted attack email training, establishing a reporting workflow, e-learning Service Overview HENNGE Endpoint & Managed Security EPP , EDR, MDR, Vulnerability Assessment, Attack Surface Analysis
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Business Investments Mainly invested in B2B startups that own proprietary elements and technologies, which have synergy with our business. We will increase the value provided to our customers through business alliances, M&As, and other measures. 58 Launched sales following the alliance Initial investment Launched sales following the acquisition 2021 2022 2023 2025 HENNGE File DLP 2024 2026
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results 59 Customers Mail Cloud Offers email delivery platform that facilitates secure and seamless connection between businesses’ digital services and customers. SMTP ServerInternet Banking API Integration DKIM/DMARC Auth S/MIME TLS Encryption Gmail Guideline Login notification Auth Code TransactionBooking Site Public Sector Customers Digital Services Google Microsoft Yahoo
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Eat unripe fruits, and make mistakes early Value Continuously eat unripe fruits and remain as early adopters in order to make “Liberation of Technology” happen. Through a number of trial and error, we will identify new technology that is useful for our customers, and widely deliver the technology. 60
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Track and trust Act with speed, wisely taking acceptable risks. Eat unripe fruits Take on challenges and learn from mistakes early. Lead yourself with passion Take the initiative with passion. Love technology Love and use technology. Be a learnaholic Be endlessly curious. Get addicted to learning. Help passionate HENNGE people Support people who are passionate about igniting changes. Respect differences Differences are natural. Stay diverse. Keep it open Share information and opinions openly. 02 04 01 03 05 06 07 08 Win together You can’t win alone. The mountains is high. So, what do we do? 09 61 HENNGE WAY HENNGE WAY is our code of conduct in order to keep changing with challenges and failures.
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Diversity and Inclusion Focusing our efforts on the Global Internship Program (GIP) not only to provide career development opportunities for the most talented candidates from all over the world, but also to be the precedent organization of diversity and inclusion that utilize the power of digital transformation to overcome issues. (unit: employees) Total number of applicants including interns (except for Japan) : approx. 200 countries and regions approx. 90K engineers Employees (excluding part-time employees) : approx. 30 countries and regions (as of 2025-09-30) 62 ■ # of employees(excl. part-time employees) ● non-Japanese ratio
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Diversity in Organization Diversity is the key driver to keep challenging and changing. We recognize the differences and respect the differences, which then we can create a basis for an ever-changing organization that value challenges. 63 Encourage diversity Keep evolving Respect differences Value challenges Standardize Stop evolving No to the differences Stay in comfort zone Controlling organization that fears diversity Trustworthy organization that embraces diversity HENNGEOld HENNGE
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HENNGE K.K. (4475:TSE Growth) Q3 FY09/2026 Consolidated Financial Results Glossary ARR (Annual Recurring Revenue) refers to revenue, normalized on an annual basis, that a company expects to receive from its customers for providing them with products or services of subscription-based model. ARPU (Average Revenue Per User) refers to the average annual contract amount per contracted user. CAGR (Compound Annual Growth Rate) refers to a geometric progression ratio which provides a constant rate of return over a period of time. DLP (Data Loss Prevention / Data Leak Protection) prevents confidential information loss/data leakage when sending emails and sharing via cloud storage. L TV (Life Time Value) is the total worth to a business of a customer over the whole period of their relationships. SSO (Single Sign On) is a method that enables users to log into multiple systems with just one user authentication. Gross Revenue Churn Rate is calculated based on the decrease in contract value due to service cancellations, etc. 64
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Disclaimer This document has been prepared by HENNGE K.K. (the “Company”) solely for information purpose. This document does not constitute or form part of and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company in Japan, the United States or any other jurisdictions. It is prohibited to offer or distribute securities issued by the Company without due registration, or exemption of registration, required under applicable laws in Japan, the United States, or any other jurisdictions. The information contained herein is based on current economic, regulatory, market trends and other conditions. The Company makes no representation or guarantee with respect to the credibility, accuracy or completeness of the information herein. The information contained herein may change without prior notice. You may not publish or use this document and the contents thereof for any other purpose without a prior written consent of the Company. Furthermore, the information on future business results is forward-looking statements. Forward-looking statements include but not limited to expressions such as “believe” , “expect” , “plan” , “strategic” , “expect” , “anticipate” , “predict” and “possibility” , as well as other similar expressions to explain future business activities, achievements, events and future conditions. Forward-looking statements are predictions about the future that reflect management’s judgment based on currently available information. As such, these forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Therefore, you may not rely entirely on forward-looking statements. The Company does not assume any obligation to change or correct any forward-looking statements in light of new information, future events or other findings. This document and its contents are confidential and are being provided to you solely for your information and may not be retransmitted. This presentation is being furnished to you solely for your information and may not be reproduced or redistributed to any other person. In giving this presentation, the Company does not undertake any obligation to provide the recipient with access to any additional information or to update this presentation or any additional information or to correct any inaccuracies in any such information which may become apparent. Information on companies other than the Company and information provided from third parties are based on public information or sources. The Company has not independently verified the accuracy and appropriateness of such data and indicators used herein, nor assume any responsibility for the accuracy and appropriateness of such data and indicators presented in this document.