ココナラ（4176） – (Correction) Notice Regarding a Correction of “FY2022.8 First Quarter Financial Results”

To Whom It May Concern Company name: coconala Inc. Representative: Ayumu Suzuki, Chief Executive Officer (Code number: 4176 TSE Mothers) Inquiries: Shuhei Nakagawa, Chief Financial Officer TEL. +81-3-6712-7771 January 24, 2022 (Correction) Notice Regarding a Correction of “FY2022.8 First Quarter Financial Results” This is to inform you that there are some corrections to be made in the “FY2022.8 First Quarter Financial This correction was made due to a partial error in the preparation of the “FY2022.8 First Quarter Financial Results” released on January 14, 2022, as follows. The corrected parts are underlined. 1. Reason for the correction Results Presentation Materials”. 2. Details of the correction （page 19） The ARPPU*1 grew +15% YoY. The churn rate*2 was 5.9%, aiming to continue decreasing. *2: Churn Rate = number of churn / number of paid subscribing lawyers who have reached contract renewal timing The ARPPU*1 grew +15% YoY. The churn rate*2 was 0.9%, aiming to continue decreasing. *2: Churn Rate: Quarterly average of the monthly churn rate (number of cancelled lawyers in the current month / number of paid subscribing lawyers at the end of the previous month) The corrected “FY2022.8 First Quarter Financial Results” is available on our website. URL https://coconala.co.jp/en/ End