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© Business Engineering Corporation. 3Q Fiscal Year 2025 Financial Results Briefing Materials February 6, 2026 Business Engineering Corporation Securities Code: 4828 TSE Prime Note: Fiscal Year 2025 or FY2025 represents the fiscal year ending March 31, 2026.
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© Business Engineering Corporation. 2 1. Summary of FY2025 3Q Financial Results 2. Earnings Forecast for FY2025 3. Data Book 4. Guide to IR Reference Materials Agenda
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© Business Engineering Corporation. 3 FY25 3Q Financial Results Achieved record highs in sales, profits at all levels, and order intake for 1-3Q cumulative. ・Solutions Business: Achieved robust results in both sales and profits. ・Products Business: Strong license sales continued, achieved a record high. ・Net profit increased significantly, boosted by gains from sales of strategic shareholdings recorded in 1Q. Full-year forecasts revised upward again across all items. Annual dividend raised again in line with dividend payout policy of over 50%. Executive Summary of FY2025 3Q Financial Results Net sales 18,579 YoY +21.8% 4 consecutive periods of record highs Operating profit 5,137 YoY +40.3% Net profit 3,699 YoY +48.1% Solutions Business: ERP/core systems × Extended solutions Products Business: Proprietary software packages centered on "mcframe" 8 consecutive periods of record highs • Strong project pipeline continuing from 1Q; with robust 3Q performance sustained. A major project went live in 3Q. Achieved high levels of sales and profits. • Strengthening delivery capabilities to support continued growth. （million yen） FY25 3Q Business Environment Corporate earnings overall are maintaining high levels, with business sentiment also maintaining favorable levels. The economy continues its gradual recovery. DX demand in manufacturing industries continues to be strong, with strategic digital investments maintaining robust momentum. • License sales remained robust in 3Q, achieved a record high with some pull- forward from 4Q. Strong license growth drove significant profit expansion. • SaaS offerings on track for partner rollout. Net sales 24,300 Previous forecast +300 Operating profit 6,400 Previous forecast +400 Net profit 4,800 Previous forecast +400 ◆Revision of Full-Year Earnings Forecast and Dividend Forecast ◆1-3Q Results Annual dividend※ ¥41.6/share Previous forecast +¥4.0 ※ split-adjusted
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© Business Engineering Corporation. 4 1. Summary of FY2025 3Q Financial Results
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© Business Engineering Corporation. 5 Summary of Consolidated Income Statement 3Q also delivered strong growth in both sales and profits, with all metrics achieving record highs on a 1-3Q basis. On track to achieve full-year targets, with all forecast items revised upward again. ※ Full-year forecasts are as of the February 2026 upward revision. （million yen） FY25 3Q FY24 3Q FY25 1-3Q FY24 1-3Q FY25 Actual Change % Actual Change % Forecast Progress Net sales 6,299 5,165 +21.9% 18,579 15,257 +21.8% 24,300 76.5% Gross profit 2,909 2,305 +26.2% 8,529 6,840 +24.7% 11,200 76.2% Gross profit margin 46.2% 44.6% 45.9% 44.8% 46.1% Operating profit 1,766 1,245 +41.9% 5,137 3,662 +40.3% 6,400 80.3% Operating profit margin 28.0% 24.1% 27.6% 24.0% 26.3% Ordinary profit 1,766 1,243 +42.1% 5,158 3,673 +40.4% 6,400 80.6% Ordinary profit margin 28.0% 24.1% 27.8% 24.1% 26.3% Net profit 1,209 839 +44.2% 3,699 2,497 +48.1% 4,800 77.1% Net profit margin 19.2% 16.2% 19.9% 16.4% 19.8% Orders received 5,828 5,252 +11.0% 17,836 15,394 +15.9% 24,500 72.8%
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© Business Engineering Corporation. 6 Progress Against Full- Year Sales Forecast 3Q maintained strong momentum, driven by significant sales growth in the Solutions Business and robust license sales growth in the Products Business. Full-year forecast raised again by ¥0.3 billion. ¥24.3 bn ¥20.7 bn ¥19.4 bn ¥18.5 bn ¥17.7 bn ¥17.7 bn Net sales 25.9% 22.6% 23.7% 24.1% 24.3% 24.9% 24.8% 27.2% 24.2% 26.2% 24.3% 25.7% 25.0% 24.7% 26.3% 24.5% 24.9% 25.9% 24.3% 25.5% 25.8% 25.2% 26.6% FY20 FY21 FY22 FY23 FY24 FY25 1Q 2Q 3Q 4Q ¥6.0 bn ¥6.2 bn 76.5% ¥6.2 bn
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© Business Engineering Corporation. 7 Progress Against Full- Year Operating Profit Forecast Solutions Business sales growth and margin improvement, plus strong license sales in the Products Business, drove significant profit expansion. Full-year forecast raised again by ¥0.4 billion, 1-3Q progress at 80.3%. ¥6.4 bn ¥4.6 bn ¥3.8 bn ¥3.2 bn ¥2.4 bn ¥1.9 bn Operating profit 35.6% 6.5% 26.0% 25.8% 25.0% 27.0% 24.2% 41.4% 23.7% 28.7% 26.7% 25.7% 19.8% 31.5% 28.2% 25.9% 26.6% 27.6% 20.4% 20.7% 22.1% 19.6% 21.7% FY20 FY21 FY22 FY23 FY24 FY25 1Q 2Q 3Q 4Q ¥1.7 bn ¥1.6 bn 80.3% ¥1.7 bn
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© Business Engineering Corporation. 8 3,662 5,137 +1,489 +199 -214 FY24 1-3Q FY25 1-3Q 1,245 1,766 +506 +97 -82 FY24 3Q FY25 3Q Analysis of Changes in Operating Profit （YoY） （million yen） 3Q comparison Sales growth Solutions Business and license sales grew substantially Gross profit margin improvement 44.6%⇒46.2% Stock-based compensation costs absorbed by strong license sales growth Increase in SG&A expenses Greater use of external resources （million yen） 1-3Q comparison Sales growth Solutions Business and license sales grew substantially Gross profit margin improvement 44.8%⇒45.9% Despite performance-linked bonus provisions and stock-based compensation costs, profitability of the Solutions Business improved. Higher sales drove substantial profit growth, launched employee stock-based compensation in 3Q, with the impact absorbed by top-line growth. Increase in SG&A expenses Rise in salary levels, greater utilization of external resources
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© Business Engineering Corporation. 9 Sales & Operating Profit by Segment Solutions Business and Products Business both remained robust. 3Q achieved strong sales and profits. On track to achieve full-year plan. Net sales Operating profit ※ Full-year forecasts are as of the February 2026 upward revision. （million yen） FY25 3Q FY24 3Q FY25 1-3Q FY24 1-3Q FY25 Actual Change % Actual Change % Forecast Progress Solutions 4,036 3,321 +21.5% 11,912 9,661 +23.3% 15,400 77.4% Products 2,149 1,693 +26.9% 6,366 5,157 +23.4% 8,400 75.8% System Support 113 150 -24.4% 301 438 -31.3% 500 60.2% Total 6,299 5,165 +21.9% 18,579 15,257 +21.8% 24,300 76.5% mcframe license 1,624 1,167 +39.1% 4,760 3,762 +26.5% 6,100 78.0% （million yen） FY25 3Q FY24 3Q FY25 1-3Q FY24 1-3Q FY25 Actual Change % Actual Change % Forecast Progress Solutions 1,286 1,007 +27.8% 3,709 2,652 +39.8% ー ー Products 848 576 +47.2% 2,509 2,023 +24.0% ー ー System Support 118 133 -11.2% 363 386 -5.8% ー ー Eliminations & corporate (486) (471) ー (1,445) (1,399) ー ー ー Total 1,766 1,245 +41.9% 5,137 3,662 +40.3% 6,400 80.3%
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© Business Engineering Corporation. 10 Segment Information: Solutions Business ＜Net sales and Operating profit＞ • Strong project pipeline continuing from 1H, sales at high levels, substantially higher YoY . A major project went live in 3Q. • Strong project profitability. Achieved high profit levels. • Strengthening delivery capabilities for pharma manufacturing DX in global markets. ＜Net sales＞3,052 3,488 3,177 3,049 3,170 3,170 3,321 3,488 3,991 3,885 4,036 739 938 826 740 796 848 1,007 983 1,294 1,127 1,286 24.2% 26.9% 26.0% 24.3% 25.1% 26.8% 30.3% 28.2% 32.4% 29.0% 31.9% FY23 1Q FY23 2Q FY23 3Q FY23 4Q FY24 1Q FY24 2Q FY24 3Q FY24 4Q FY25 1Q FY25 2Q FY25 3Q Net sales (million yen) Operating profit (million yen) Operating profit margin 1Q 2,696 1Q 3,052 1Q 3,170 1Q 3,991 2Q 2,723 2Q 3,488 2Q 3,170 2Q 3,885 3Q 3,261 3Q 3,177 3Q 3,321 3Q 4,036 4Q 3,008 4Q 3,049 4Q 3,488 0 2,000 4,000 6,000 8,000 10,000 12,000 FY22 FY23 FY24 FY25 +13.2% +28.1% -2.6% +1.3% +25.9% +14.4% +3.8% +4.5% -9.1% (million yen) 11,689 +9.2% 12,767 +3.0% 13,150 +22.6% 11,9121-3Q +23.3% +21.5%
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© Business Engineering Corporation. 11 Segment Information: Products Business ＜ Net sales and Operating profit ＞ • License sales remained strong under strategic partnerships and solid customer relationships, with substantial YoY growth. High sales levels achieved, with some pull-forward from 4Q. • Strong license growth drove high profit levels. • SaaS "mcframe X" now fully live, on track for partner rollout. ＜Net sales＞ 1Q 1,566 1Q 1,544 1Q 1,729 1Q 1,953 2Q 1,656 2Q 1,525 2Q 1,734 2Q 2,263 3Q 1,536 3Q 1,516 3Q 1,693 3Q 2,149 4Q 1,634 4Q 1,739 4Q 1,926 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 FY22 FY23 FY24 FY25 -1.4% -7.9% -1.3% +6.5% +12.9% +10.7% +11.9% +11.7% +13.7% (million yen) 6,393 -1.0% 6,326 +12.0% 7,083 +30.5% 6,366 1-3Q +23.4% +26.9% 1,544 1,525 1,516 1,739 1,729 1,734 1,693 1,926 1,953 2,263 2,149 562 449 448 564 729 718 576 613 757 903 848 36.4% 29.5% 29.5% 32.5% 42.2% 41.4% 34.0% 31.8% 38.8% 39.9% 39.5% FY23 1Q FY23 2Q FY23 3Q FY23 4Q FY24 1Q FY24 2Q FY24 3Q FY24 4Q FY25 1Q FY25 2Q FY25 3Q Net sales (million yen) Operating profit (million yen) Operating profit margin
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© Business Engineering Corporation. 12 mcframe License Sales Leveraging mcframe's competitive advantage in the supply chain management field, 3Q achieved high levels with some pull-forward from 4Q. 1-3Q growth of 26.5%, achieving consecutive record highs. 1Q 982 1Q 1,082 1Q 1,320 1Q 1,421 2Q 960 2Q 1,050 2Q 1,273 2Q 1,714 3Q 887 3Q 982 3Q 1,167 3Q 1,624 4Q 968 4Q 1,249 4Q 1,358 0 1,000 2,000 3,000 4,000 5,000 FY22 FY23 FY24 FY25 +10.2% +9.3% +10.8% +29.0% +7.7% +8.7% +22.0% +18.8% +21.3% (million yen) 3,798 4,364+14.9% +17.3% 5,120 +34.6% 4,760 +39.1% 1-3Q +26.5%
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© Business Engineering Corporation. 13 Summary of Consolidated Balance Sheet Balancing growth investments with capital efficiency enhancement. We are driving investments in SaaS business expansion and product capability improvements, while concurrently optimizing capital efficiency via strategic shareholding sales. （million yen） FY25 3Q FY24 3Q FY24 Actual Change % Actual Change % Current assets 16,427 12,815 +28.2% 14,336 +14.6% Cash and deposits 10,775 8,154 +32.1% 9,347 +15.3% Notes and accounts receivable, and contract assets 4,848 3,999 +21.2% 4,277 +13.4% Non-current assets 3,958 3,747 +5.6% 4,115 -3.8% Total assets 20,385 16,563 +23.1% 18,451 +10.5% Current liabilities 5,406 4,048 +33.6% 5,030 +7.5% Non-current liabilities 52 31 +68.8% 36 +44.0% Net assets 14,926 12,484 +19.6% 13,384 +11.5% Equity ratio 73.2% 75.4% -2.2pt 72.5% +0.7pt
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© Business Engineering Corporation. 14 2. Earnings Forecast for FY2025
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© Business Engineering Corporation. 15 FY25 Consolidated Earnings Forecast Another upward revision to full-year forecasts for sales, all profit levels, and orders received. ・Strong performance continued in both Solutions Business and Products Business ・Net sales: Products Business expected to surpass previous plan ・Profits: Strong progress through 3Q, exceeding plan, one-time tax benefit also expected to increase Annual dividend raised again in line with dividend payout policy of over 50%. ・Year-end dividend per share: ¥26 (+¥4 vs. previous forecast, +¥14.4 YoY) ※5-for-1 stock split executed on January 1, 2026. Figures shown on post-split adjusted basis. Executive Summary of FY2025 Earnings Forecast Solutions Business: ERP/core systems × Extended solutions Products Business: Proprietary software packages centered on "mcframe" • Sales and profits at high levels through 3Q. Full-year sales growth expected to exceed 17%. FY25 Business Environment Moderate economic growth is expected, and business sentiment maintains favorable levels. Manufacturing industry DX needs remain high with strategic digital investments likely to continue. • Sales and profits at high levels through 3Q. Full-year license sales growth expected to exceed 19%. Annual dividend※ ¥41.6/share Previous forecast +¥4.0 YoY +¥21.6 Net sales 24,300 Previous forecast +300 YoY +17.0% 4 consecutive periods of record highs Operating profit 6,400 Previous forecast +400 YoY +36.9% Net profit 4,800 Previous forecast +400 YoY +44.1% 10 consecutive periods of record highs （million yen） ROE 32.5% Previous forecast +2.7pt YoY +5.1pt Dividend payout ratio 51.8% Previous forecast +0.6pt YoY +15.8pt 11 consecutive year of dividend increase; expected to reach record high
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© Business Engineering Corporation. 16 Earnings Forecast All full-year forecast items revised upward again, accelerating growth toward FY30, aiming for record highs. Higher one-time tax benefits to lift net profit, significant dividend increase due to 50%+ payout policy. ※ Previous forecast as of November 2025. 5-for-1 stock split executed on January 1, 2026. Dividends (non-consolidated) shown on both pre-split and split-adjusted bases. FY25 year-end dividend after the split is ¥26. （million yen） FY24 FY25 Forecast Difference FY24 difference Actual Previous Revised （Change %） （Change %） Net sales 20,776 24,000 24,300 +300 +3,523 (+1.3%) (+17.0%) Gross profit 9,091 10,800 11,200 +400 +2,108 Gross profit margin 43.8% 45.0% 46.1% (+3.7%) (+23.2%) Operating profit 4,676 6,000 6,400 +400 +1,723 Operating profit margin 22.5% 25.0% 26.3% (+6.7%) (+36.9%) Ordinary profit 4,679 6,000 6,400 +400 +1,720 Ordinary profit margin 22.5% 25.0% 26.3% (+6.7%) (+36.8%) Net profit 3,330 4,400 4,800 +400 +1,469 Net profit margin 16.0% 18.3% 19.8% (+9.1%) (+44.1%) Orders received 21,690 24,300 24,500 +200 +2,809 (+0.8%) (+13.0%) Dividend (non-consolidated) Pre-split equivalent ¥100.0 ¥188.0 ¥208.0 +¥20.0 +¥108.0 Dividend (non-consolidated) Split adjusted ¥20.0 ¥37.6 ¥41.6 +¥4.0 +¥21.6 ROE 27.4% 29.8% 32.5% +2.7pt +5.1pt
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© Business Engineering Corporation. 17 Segment & mcframe License Sales Forecasts (FY) Solutions Business and Products Business both on track for higher YoY sales growth. Solutions Business previous forecast maintained (+10.0% vs. initial forecast), Products Business forecast revised upward again (+10.5% vs. initial forecast). ※Previous forecast: November 2025 （million yen） FY24 FY25 Forecast Difference FY24 Difference Actual Previous Revised （Change %） （Change %） Solutions 13,150 15,400 15,400 - +2,249 (-) (+17.1%) Products 7,083 8,100 8,400 +300 +1,316 (+3.7%) (+18.6%) System Support 542 500 500 - -42 (-) (-7.8%) Total 20,776 24,000 24,300 +300 +3,523 (+1.3%) (+17.0%) mcframe license 5,120 6,000 6,100 +100 +979 (+1.7%) (+19.1%)
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© Business Engineering Corporation. 18 ＜Net sales＞ • Strengthening strategic proposal activities aligned with client needs. • Securing both sales growth and profitability with mix of ERP and high-value-added extended solutions. • To support sustainable growth, strengthening delivery capabilities and advancing new business development. FY25 Business Environment Outlook • Thanks to our outstanding client base of major Japanese companies and long-term client relationships, high sales through 3Q. • A major project went live in 3Q, 4Q sales expected to moderate with focus on future growth activities. FY25 Initiatives Solutions Business Forecast 11,413 11,689 12,767 13,150 15,400 -6.7% +2.4% +9.2% +3.0% +17.1% FY21 FY22 FY23 FY24 FY25 (Forecast) Net sales (million yen) YoY 11,912
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© Business Engineering Corporation. 19 ＜Net sales＞ • Expanding and strengthening sales partners, sales networks, and sales capabilities through partnership strategy. • Expanding overseas markets through strengthened collaboration with overseas offices and partners. • SaaS "mcframe X" now fully live, steadily building implementation expertise toward partner rollout. FY25 Business Environment Outlook • Leveraging mcframe's competitive advantage in the supply chain management field, implementation demand remains high with some deals pulled forward. License sales continued strong growth through 3Q. • Full-year sales growth expected to exceed the prior year. FY25 Initiatives Products Business Forecast 6,004 6,393 6,326 7,083 8,400 +18.4% +6.5% -1.0% +12.0% +18.6% FY21 FY22 FY23 FY24 FY25 (Forecast) Net sales (million yen) YoY 6,366
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© Business Engineering Corporation. 20 Net Sales and YoY Growth Toward our FY30 target of ¥33.0 billion, while building out a sustainable sales growth base, expecting substantial sales growth equivalent to approximately two years in the first year and aiming for a fourth consecutive year of record performance. 12,549 13,289 13,479 15,253 17,728 17,707 17,760 18,506 19,493 20,776 24,300 33,000 +2.6% +5.9% +1.4% +13.2% +16.2% -0.1% +0.3% +4.2% +5.3% +6.6% +17.0% FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 (Forecast) FY26 FY27 FY28 FY29 FY30 (Target) Net sales (million yen) YoY 18,579 FY30 Target CAGR +8.0%
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© Business Engineering Corporation. 21 Toward our FY30 target of ¥10.0 billion, in addition to top-line growth, due to continuous profit growth and margin improvement, aiming for a tenth consecutive year of record performance. Operating Profit & Operating Profit Margin 531 715 757 1,208 1,573 1,902 2,412 3,246 3,885 4,676 6,400 10,000 4.2% 5.4% 5.6% 7.9% 8.9% 10.7% 13.6% 17.5% 19.9% 22.5% 26.7% FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 (Forecast) FY26 FY27 FY28 FY29 FY30 (Target) Operating profit (million yen) Operating profit margin 5,137 FY30 Target CAGR ＋13.5%
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© Business Engineering Corporation. 22 As a growth engine to achieve our FY30 targets, we are targeting market share expansion and sustained high growth. Targeting further consecutive record highs in FY25 through license sales and accumulation of maintenance revenues. mcframe License Sales & YoY Growth 1,709 1,866 2,262 2,362 2,651 2,749 3,530 3,798 4,364 5,120 6,100 +3.8% +9.2% +21.2% +4.4% +12.3% +3.7% +28.4% +7.6% +14.9% +17.3% +19.1% FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 (Forecast) mcframe license sales (million yen) YoY 4,760
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© Business Engineering Corporation. 23 Sales by Segment Solutions Business aims for substantial sales growth based on long-term client relationships. Products Business aims for higher sales growth than the prior year through continued strong license sales growth. 7,973 8,663 8,427 9,965 11,961 12,228 11,413 11,689 12,767 13,150 15,400 4,211 4,321 4,788 4,953 5,323 5,071 6,004 6,393 6,326 7,083 8,400 364 305 264 334 443 407 341 423 398 542 500 0 5,000 10,000 15,000 20,000 25,000 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 (Forecast) Solutions Products System Support(million yen) 3Q Progress 77.4% 3Q Progress 75.8%
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© Business Engineering Corporation. 24 Dividends (Annual dividend per share) Progressive dividend policy/35%+ payout ratio from FY23, raised to 50%+ from FY25. Substantial dividend increase with net profit growth, planning 11th consecutive increase, with the year-end dividend exceeding the prior year’s total annual dividend. ※ Actual dividends prior to the FY25 interim dividend are shown on a split-adjusted basis, reflecting the stock splits on June 1, 2022 and January 1, 2026. 1.6 2.2 2.5 4.3 4.5 7.0 8.4 12.8 15.6 20.0 41.6 30.3% 30.1% 30.9% 30.2% 31.0% 32.1% 30.6% 33.0% 35.6% 36.0% 51.8% FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 (Forecast) Annual dividend per share (yen) Dividend payout ratio （Interim） 15.6 （Year-end） 26.0
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© Business Engineering Corporation. 25 3. Data Book
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© Business Engineering Corporation. 26 Quarterly Income Statement (3 -month) （million yen） Item FY2023 FY2024 FY2025 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Net sales 4,703 5,104 4,781 4,903 5,042 5,049 5,165 5,519 6,039 6,241 6,299 Cost of sales 2,713 3,034 2,856 3,035 2,821 2,736 2,859 3,268 3,197 3,462 3,389 Gross profit 1,989 2,070 1,924 1,868 2,221 2,313 2,305 2,250 2,841 2,778 2,909 Selling, general and administrative expenses 988 956 916 1,105 1,053 1,063 1,060 1,236 1,113 1,136 1,142 Operating profit 1,000 1,114 1,007 762 1,167 1,249 1,245 1,014 1,728 1,642 1,766 Operating profit margin 21.3% 21.8% 21.1% 15.6% 23.2% 24.7% 24.1% 18.4% 28.6% 26.3% 28.0% Non-operating income 12 3 0 0 20 4 0 2 26 5 1 Non-operating expense 1 2 2 17 4 5 2 10 3 6 2 Ordinary profit 1,011 1,114 1,006 744 1,183 1,247 1,243 1,006 1,750 1,641 1,766 Extraordinary gains - - - - - - - - 239 - - Extraordinary losses - - - - - - - - - - - Profit before income taxes 1,011 1,114 1,006 744 1,183 1,247 1,243 1,006 1,989 1,641 1,766 Income taxes - current 326 355 317 314 380 392 404 353 620 523 556 Income taxes - deferred 0 0 0 (62) (0) 0 (0) (180) (2) 0 0 Total income taxes 326 355 317 252 380 392 403 172 618 523 556 Profit 684 758 689 492 803 854 839 833 1,371 1,118 1,209 EBITDA 1,165 1,301 1,186 934 1,365 1,448 1,467 1,220 1,948 1,851 2,009 EBITDA margin 24.8% 25.5% 24.8% 19.1% 27.1% 28.7% 28.4% 22.1% 32.3% 29.7% 31.9%
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© Business Engineering Corporation. 27 Quarterly Income Statement (Cumulative) （million yen） Item FY2023 FY2024 FY2025 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Net sales 4,703 9,808 14,589 19,493 5,042 10,092 15,257 20,776 6,039 12,280 18,579 Cost of sales 2,713 5,748 8,605 11,640 2,821 5,557 8,417 11,685 3,197 6,660 10,050 Gross profit 1,989 4,060 5,984 7,852 2,221 4,534 6,840 9,091 2,841 5,619 8,529 Selling, general and administrative expenses 988 1,945 2,861 3,967 1,053 2,117 3,178 4,415 1,113 2,249 3,392 Operating profit 1,000 2,114 3,122 3,885 1,167 2,417 3,662 4,676 1,728 3,370 5,137 Operating profit margin 21.3% 21.6% 21.4% 19.9% 23.2% 23.9% 24.0% 22.5% 28.6% 27.4% 27.6% Non-operating income 12 15 16 16 20 24 24 26 26 32 34 Non-operating expense 1 4 6 24 4 10 12 23 3 10 12 Ordinary profit 1,011 2,126 3,132 3,877 1,183 2,430 3,673 4,679 1,750 3,392 5,158 Extraordinary gains - - - - - - - - 239 239 239 Extraordinary losses - - - - - - - - - - - Profit before income taxes 1,011 2,126 3,132 3,877 1,183 2,430 3,673 4,679 1,989 3,631 5,397 Income taxes - current 326 682 999 1,313 380 772 1,177 1,530 620 1,144 1,700 Income taxes - deferred 0 0 0 (62) (0) 0 (0) (181) (2) (2) (2) Total income taxes 326 682 999 1,251 380 772 1,176 1,349 618 1,142 1,698 Profit 684 1,443 2,132 2,625 803 1,658 2,497 3,330 1,371 2,489 3,699 EBITDA 1,165 2,467 3,653 4,588 1,365 2,814 4,281 5,502 1,948 3,800 5,809 EBITDA margin 24.8% 25.2% 25.0% 23.5% 27.1% 27.9% 28.1% 26.5% 32.3% 30.9% 31.3%
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© Business Engineering Corporation. 28 Quarterly Segment Performance (3- month) （million yen） Segment Item FY2023 FY2024 FY2025 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Solutions Business Net sales 3,052 3,488 3,177 3,049 3,170 3,170 3,321 3,488 3,991 3,885 4,036 Operating profit 739 938 826 740 796 848 1,007 983 1,294 1,127 1,286 Operating profit margin 24.2% 26.9% 26.0% 24.3% 25.1% 26.8% 30.3% 28.2% 32.4% 29.0% 31.9% Orders received 3,124 3,452 2,709 3,694 2,775 3,677 3,530 3,639 4,212 3,628 3,583 Order backlog 4,036 4,000 3,532 4,178 3,783 4,291 4,500 4,651 4,882 4,626 4,173 Products Business Net sales 1,544 1,525 1,516 1,739 1,729 1,734 1,693 1,926 1,953 2,263 2,149 Operating profit 562 449 448 564 729 718 576 613 757 903 848 Operating profit margin 36.4% 29.5% 29.5% 32.5% 42.2% 41.4% 34.0% 31.8% 38.8% 39.9% 39.5% Orders received 1,654 1,380 1,359 2,083 1,753 1,690 1,615 2,491 1,904 2,109 2,113 Order backlog 2,112 1,967 1,810 2,153 2,177 2,133 2,055 2,620 2,562 2,408 2,372 System Support Business Net sales 105 90 86 114 142 145 150 103 95 92 113 Operating profit 149 127 115 105 129 123 133 113 138 106 118 Operating profit margin 141.1% 140.3% 133.6% 91.7% 90.3% 85.3% 88.6% 109.5% 145.7% 115.9% 104.0% Orders received 115 93 96 192 145 99 105 164 46 105 131 Order backlog 46 49 58 135 138 92 48 108 60 73 91
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© Business Engineering Corporation. 29 Quarterly Segment Performance (Cumulative) （million yen） Segment Item FY2023 FY2024 FY2025 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Solutions Business Net sales 3,052 6,541 9,718 12,767 3,170 6,340 9,661 13,150 3,991 7,876 11,912 Operating profit 739 1,677 2,504 3,244 796 1,645 2,652 3,635 1,294 2,422 3,709 Operating profit margin 24.2% 25.7% 25.8% 25.4% 25.1% 25.9% 27.5% 27.6% 32.4% 30.8% 31.1% Orders received 3,124 6,576 9,286 12,980 2,775 6,453 9,984 13,623 4,212 7,841 11,425 Order backlog 4,036 4,000 3,532 4,178 3,783 4,291 4,500 4,651 4,882 4,626 4,173 Products Business Net sales 1,544 3,070 4,587 6,326 1,729 3,463 5,157 7,083 1,953 4,217 6,366 Operating profit 562 1,012 1,460 2,024 729 1,447 2,023 2,636 757 1,661 2,509 Operating profit margin 36.4% 33.0% 31.8% 32.0% 42.2% 41.8% 39.2% 37.2% 38.8% 39.4% 39.4% Orders received 1,654 3,035 4,394 6,477 1,753 3,443 5,059 7,550 1,904 4,014 6,127 Order backlog 2,112 1,967 1,810 2,153 2,177 2,133 2,055 2,620 2,562 2,408 2,372 System Support Business Net sales 105 196 283 398 142 287 438 542 95 187 301 Operating profit 149 277 393 498 129 252 386 499 138 245 363 Operating profit margin 141.1% 140.7% 138.6% 125.1% 90.3% 87.8% 88.1% 92.2% 145.7% 131.0% 120.8% Orders received 115 208 304 497 145 244 350 515 46 152 283 Order backlog 46 49 58 135 138 92 48 108 60 73 91
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© Business Engineering Corporation. 30 Quarterly Balance Sheet （million yen） Item FY2023 FY2024 FY2025 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Current assets 10,789 11,648 11,365 12,583 12,581 13,214 12,815 14,336 15,582 16,913 16,427 Cash and deposits 6,889 7,519 7,604 8,381 8,354 8,758 8,154 9,347 9,933 11,234 10,775 Notes and accounts receivable - trade, and contract assets 3,222 3,546 3,201 3,526 3,388 3,777 3,999 4,277 4,508 4,934 4,848 Non-current assets 2,847 2,919 2,966 3,135 3,245 3,344 3,747 4,115 3,801 3,890 3,958 Total assets 13,637 14,567 14,331 15,718 15,827 16,558 16,563 18,451 19,384 20,803 20,385 Current liabilities 4,098 4,373 3,880 4,752 4,564 4,468 4,048 5,030 5,471 5,759 5,406 Non-current liabilities - - - 15 20 25 31 36 42 47 52 Net assets 9,538 10,194 10,451 10,950 11,242 12,064 12,484 13,384 13,870 14,997 14,926 Equity ratio 69.9% 70.0% 72.9% 69.7% 71.0% 72.9% 75.4% 72.5% 71.6% 72.1% 73.2%
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© Business Engineering Corporation. 31 Cash Flows Item FY2023 FY2024 FY2025 1H 2H Full Year 1H 2H Full Year 1H 2H Full Year Cash flows from operating activities 1,874 1,679 3,553 1,672 1,850 3,522 2,841 Cash flows from investing activities (616) (511) (1,127) (621) (854) (1,476) (171) Cash flows from financing activities (695) (307) (1,003) (655) (409) (1,065) (798) Effect of exchange rate change on cash and cash equivalents (10) 2 (7) (19) 2 (16) 16 Net increase (decrease) in cash and cash equivalents 552 862 1,414 376 588 965 1,887 Cash and cash equivalents at beginning of period 6,966 7,519 6,966 8,381 8,758 8,381 9,347 Cash and cash equivalents at end of period 7,519 8,381 8,381 8,758 9,347 9,347 11,234 (million yen)
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© Business Engineering Corporation. 32 ４．Guide to IR Reference Materials
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© Business Engineering Corporation. 33 Contents • Brand Statement & Philosophy / Value Creation History / Facts / Top Management Message • Value Creation Story ・Value Creation Process / Business Model and Competitive Advantages (Strengths) / Capital Supporting Value Creation / Social Issues B-EN-G Addresses • Growth Strategy ・Growth Strategy “BE 2030” / Management Plan “Management Vision 2026” / CFO Message / Business Strategies / Global Strategy / Human Capital Strategy / Human Rights, Environment / Sustainability Promotion Framework and Materiality • Governance ・Corporate Governance / Board of Directors / Compliance / Risk Management / Outside Director Message • Corporate Data ・Financial Data/ Non-Financial Data / Stock Information / Company Information Japanese: https://www.b-en-g.co.jp/jp/ir/materials/integrated_report.html English: https://www.b-en-g.co.jp/en/ir/materials/integrated_report.html Integrated Report 2025 We published our Integrated Report on September 26, 2025, with the aim of explaining our sustained corporate value creation and deepening dialogue with a broad range of stakeholders. Japanese English
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© Business Engineering Corporation. 34 Investors Guide We disclose an investor-oriented document on our IR website that summarizes basic information, including business overview, business model, growth strategy, sustainability initiatives and more. 1. What is B-EN-G? 2. Segment information: Competitive advantages and market positioning 3. Growth strategy BE 2030 4. Capital allocation 5. Management Resource Allocation and Human resource strategy 6. Sustainability 7. Data book 8. Appendix Japanese English Japanese: https://www.b-en-g.co.jp/jp/ir/materials/investorsguide.html English: https://www.b-en-g.co.jp/en/ir/materials/investorsguide.html IR Content
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© Business Engineering Corporation. 35 ＜Notes on this presentation material＞ • Fiscal years are principally displayed as "Fiscal Year 20yy" or "FYyy," representing one year from April 1, 20yy. • All monetary amounts are displayed with figures less than one million yen truncated. • Profit attributable to owners of parent (quarterly profit) is displayed as net profit. • Results for FY19 and earlier use figures prior to the retroactive application of the revenue recognition accounting standard. ＜Caution＞ • Forward-looking statements concerning business performance forecasts, etc. contained in this material are based on information currently available to the company and certain assumptions deemed reasonable by the Company. Actual business performance may differ significantly from these forecasts due to various factors. • This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. Business Engineering Corporation Abbreviation: B-EN-G Securities Code： 4828 TSE Prime IR information Japanese : https://www.b-en-g.co.jp/jp/ir/ English : https://www.b-en-g.co.jp/en/ir/ IR contact : ir@b-en-g.co.jp Japanese English
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© Business Engineering Corporation.