フルキャストホールディングス（4848） – [Delayed]Consolidated Financial Results Announcement for the First Quarter of the Fiscal Year Ending December 31, 2022 [Japanese Standards] (Consolida

Note: 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. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation. Consolidated Financial Results Announcement for the First Quarter of the Fiscal Year Ending December 31, 2022 [Japanese Standards] (Consolidated) May 13, 2022 Fullcast Holdings Co., Ltd. Company name: Stock exchange listing: First Section of the Tokyo Stock Exchange Stock code: URL: Representative: Contact: Telephone: Date of submission of quarterly report (Planned): Date of commencements of dividend payments (Planned): Preparation of supplementary references regarding financial results: Briefing for quarterly results: 4848 https://www.fullcastholdings.co.jp Kazuki Sakamaki, President, Representative Director and CEO Yasuomi Tomotake, General Manager of the IR and Finance Department +81-3-4530-4830 May 13, 2022 — Yes (shown on our website) None (Figures are rounded to the nearest million yen) 1. Consolidated Financial Results for the First Quarter of the Fiscal Year Ending December 31, 2022 (January 1 to March 31, 2022) (1) Consolidated Business Results (% = year-on-year change) Net sales Operating profit Ordinary profit Profit attributable to owners of parent 1Q FY12/22 (March 31, 2022) Million yen 15,271 ％ Million yen 2,448 41.2 ％ Million yen 2,485 56.2 ％ Million yen 1,727 59.7 1Q FY12/21 (March 31, 2021) 10,815 1.3 1,567 (7.6) 1,556 (10.9) 1,052 (Note) Comprehensive income: 1,781 million yen (45.3 %) as of March 31, 2022 1,226 million yen (71.5 %) as of March 31, 2021 ％ 64.1 (7.0) Basic earnings per share Diluted earnings per share 1Q FY12/22 (March 31, 2022) 1Q FY12/21 (March 31, 2021) Yen 47.49 28.73 (2) Consolidated Financial Conditions Yen 47.28 28.56 Total assets Net assets Equity-to-asset ratio 1Q FY12/22 End (March 31, 2022) FY12/21 End Million yen 28,732 29,484 Million yen 20,618 20,579 (Reference) Equity: 19,559 million yen as of March 31, 2022 19,526 million yen as of December 31, 2021 2. Dividend Status FY12/21 FY12/22 FY12/22 Forecast 1Q End 1H End FY End Annual Dividend per share (Yen) 3Q End Yen – – Yen 21.00 23.00 Yen – – Yen 23.00 23.00 Yen 44.00 46.00 (Note) Revision of dividends forecasts in the current first quarter: None ％ 68.1 66.2 3. Consolidated Business Forecasts for the Fiscal Year Ending December 31, 2022 (January 1 to December 31, 2022) (% = year-on-year change for each quarter and full-year) Basic earnings per share Profit attributable to owners of parent Operating profit Ordinary profit Net sales First half Full year Million yen 26,670 ％ Million yen 3,990 12.4 ％ Million yen 4,020 11.8 ％ Million yen 2,676 12.1 54,730 4.5 8,000 5.4 8,030 5.3 5,316 ％ 13.5 6.1 Yen 74.06 147.49 (Note) Revision of consolidated business forecasts in the current first quarter: None * Notes (1) Important changes of subsidiaries during the current first quarter: (Changes in specific subsidiaries involving changes in the scope of consolidation) (2) Application of special accounting treatment in the production of quarterly consolidated financial statements: None (3) Changes in accounting principles, accounting estimates, and re-presentation of changes 1) Changes in accounting policies associated with revisions of accounting principles and others: None Yes None None None 2) Changes in accounting policies other than those mentioned in 1) above: 3) Changes in accounting estimates: 4) Re-presentation of changes: (4) Number of issued shares (Ordinary shares) 1) Number of issued shares at the term end (Including treasury shares) 1Q FY12/22 37,486,400 FY12/21 37,486,400 2) Number of treasury shares at the term end 1Q FY12/22 1,398,266 FY12/21 1,015,666 3) Average number of shares outstanding during the current term 1Q FY12/22 36,362,155 1Q FY12/21 36,624,487 * Quarterly financial results are not subject to quarterly review by a certified public accountant or auditing firm. * Explanation of the proper use of business forecasts and other important notes. Of all plans, business forecasts, strategies and other information provided within this document, those which are not historical facts are future outlooks based upon certain conditions and our management’s judgments based upon currently available data. Therefore, we warn against relying solely upon these outlooks in assessing our business results, corporate value and other factors. Please also be informed that actual financial results may vary widely from our business forecasts due to various factors. Important factors that may have an impact upon our actual financial results include: (1) economic and financial conditions surrounding our Company and changes in the employment situation, (2) damages to infrastructure arising from disasters including earthquakes, and (3) changes in the relevant laws, including the Labor Standards Act and the Worker Dispatching Act, and in interpretations of these Acts. However, factors that affect our financial results are not limited to only these. Furthermore, please note that we may choose not to reexamine our business forecasts in response to new data, future events or other factors. For assumptions underlying our business forecasts and related issues, please refer to Page 3 “1. (3) Explanation of Consolidated Business Forecasts” of the “Appendix.” Fullcast Holdings Co., Ltd. (4848) Financial Statement and Results for the FY 2022 1. Qualitative Information Concerning Performance for the Current Quarter……………………………………………………….. (1) (2) (3) Explanation of Consolidated Operating Results………………………………………………………………………………….. Explanation of Consolidated Financial Position………………………………………………………………………………….. Explanation of Consolidated Business Forecasts………………………………………………………………………………… 2. Quarterly Consolidated Financial Statements and Primary Notes…………………………………………………… (1) Quarterly Consolidated Balance Sheet………………………………………………………………………………………………. (2) Quarterly Consolidated Statement of Income and Consolidated Statement of Comprehensive Income……… (3) Notes on Quarterly Consolidated Financial Statements………………………………………………………………………… (Notes on Going Concern Assumption)…………………………………………………………………………………………….. (Notes on Significant Change of Shareholders’ Equity) …………………………………………………………………….. (Changes in Accounting Policies)………………………………………………………………………………………………… (Additional Information)………………………………………………………………………………………………………….. (Segment Information and Others)……………………………………………………………………………………………………. (Major Subsequent Events)…………………………………………………………………………………… 2 2 3 3 5 5 7 9 9 9 9 9 10 11 – 1 – Fullcast Holdings Co., Ltd. (4848) Financial Statement and Results for the FY 2022 1. Qualitative Information Concerning Performance for the Current Quarter (1) Explanation of Consolidated Operating Results During the first quarter of the current fiscal year, Japan’s economy continued to see a recovery trend amid rising capital investment and production and general overall improvement, despite vulnerabilities in certain non-manufacturing industries due to the remaining impacts of the pandemic, but weakness can be seen in some areas, such as the slowdown in the recovery trend of personal consumption and business sentiment. Economic conditions are expected to continue to undergo a recovery given the effects of various government policies and improvements seen in overseas economies amid the normalization of socioeconomic activities. However, the economic horizon remains clouded and requires close monitoring of the pandemic’s impacts, in addition to the rising downside risks caused by supply-side constraints, trends in raw materials prices, and volatility of financial and capital markets amidst the turmoil in Ukraine. The current operating environment surrounding the staffing service industry continues to show signs of recovery, including a sustained increase in new job offers, which remain at low levels, despite ongoing weakness in the employment situation, symbolized by the leveling off of the jobs-to-applicants ratio due to the remaining impacts of the pandemic. The future outlook indicates the operating environment will remain stable. Against this backdrop, in the first quarter of the current fiscal year, the Fullcast Group implemented group management activities to achieve our goal of “Under a client first approach, aim for greater business growth and expansion of peripheral services.” The Group also carried out marketing activities focused on boosting overall profitability of the Fullcast Group, particularly in the mainstay “Placement” (Note 1) and “BPO” (Note 2) services. In addition, the Company worked to further expand its business while maximizing profits by continuing to increase productivity and promote operational efficiencies across the entire Group. Consolidated net sales increased by 41.2% year-on-year to 15,271 million yen due mainly to the acquisition of projects accompanying the recovery in short-term staffing demand that had been greatly impacted by the pandemic, as well as the continued acquisition of public sector projects mainly supporting public vaccinations and growth of the “Short-Term Operational Support Business”, amid the ongoing recovery in client demand despite the COVID-19 pandemic raged on. In terms of profits, consolidated operating profit increased by 56.2% year-on-year to 2,448 million yen, with consolidated ordinary profit rising by 59.7% year-on-year to 2,485 million yen, driven mainly by the ongoing recovery in client demand and increased sales of the “Short-Term Operational Support Business”. Profit attributable to owners of parent increased by 64.1% year-on-year to 1,727 million yen, following the 69 million yen in gain on sale of investment securities booked as an extraordinary income following the divestment of investment securities held. Furthermore, our Company applied “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020) from the first quarter of the current fiscal year. Although the application of the Accounting Standard for Revenue Recognition is subject to the transitional handling stipulated in the proviso to Paragraph 84 of the Accounting Standard for Revenue Recognition, there is no impact on the balance of retained earnings at the beginning of the period nor on profit and loss for the first quarter of the current fiscal year. Notes: 1. The mainstay “Part-Time Worker Placement” service is referred to as “Placement”. 2. The mainstay “Part-Time Work Payroll Management” services, as well as other personnel and labor-related business process outsourcing (BPO) services such as the “My Number Management” service, and the back office BPO services of BOD Group are referred to as “BPO”. The results for each of our operating business segments are as follows. 1) Short-Term Operational Support Business Net sales of the “Short-Term Operational Support Business” increased by 49.6% year-on-year to 14,031 million yen due mainly to the acquisition of projects accompanying the recovery in Placement service that had been impacted by the pandemic, as well as the continued acquisition of public sector projects mainly supporting public – 2 – Fullcast Holdings Co., Ltd. (4848) Financial Statement and Results for the FY 2022 vaccinations, amid the ongoing recovery in client demand despite the COVID-19 pandemic raged on. In terms of profits, operating profit (segment profit) increased by 51.5% year-on-year to 2,642 million yen driven mainly by the ongoing recovery in client demand and increased sales. 2) Sales Support Business Net sales of the “Sales Support Business” declined by 22.0% year-on-year to 675 million yen due to the downturn in sales of telecommunications products in the sale of Internet access, which is a mainstay business. In terms of profits, segment loss (operating loss) totaled 32 million yen (compared to a segment loss of 34 million yen in the previous first quarter) amid SG&A expenses being curtailed compared to the previous year. 3) Security, Other Businesses Net sales of “Security, Other Businesses” declined 1.0% year-on-year to 565 million yen due to a slowdown in the number of new temporary and permanent security projects. In terms of profits, segment profit (operating profit) declined by 15.7% year-on-year to 66 million yen, due to the decline in net sales. (2) Explanation of Consolidated Financial Position Assets, Liabilities and Net Assets At the end of the first quarter, total assets declined by 752 million yen from the end of the previous fiscal year to 28,732 million yen. Equity rose by 33 to 19,559 million yen (equity-to-asset ratio of 68.1%), and net assets grew by 39 to 20,618 million yen. Details of major changes in assets and liabilities are described as follows. With regards to assets, current assets declined by 742 million yen from the end of the previous fiscal year to 24,073 million yen. This decline is attributed mainly to declines in cash and deposits of 1,874 to 15,536 million yen, which offset an increase in notes and accounts receivable – trade of 961 to 8,051 million yen, and in other under current assets of 148 to 451 million yen caused mainly by increases in accounts receivable – other of 139 to 184 million. 508 million yen. Non-current assets decreased by 9 million yen from the end of the previous fiscal year to 4,660 million yen. This decline is attributed mainly to declines in investment securities of 58 to 1,956 million yen, in goodwill of 25 to 582 million yen, and in buildings and structures, net of 21 to 275 million yen, which offset an increase in other under investments and other assets of 91 to 1,178 million yen caused mainly by increases in deferred tax assets of 114 to With regard to liabilities, current liabilities decreased by 760 million yen from the end of the previous fiscal year to 7,201 million yen. This decline is attributed mainly to declines in income taxes payable of 1,071 to 336 million yen and in accrued consumption taxes of 428 to 1,314 million yen, which offset an increase in other under current liabilities of 608 to 1,117 million yen caused mainly by a fall in social insurance deposits of 286 to 58 million yen and an increase in withholding income tax deposits of 871 to 982 million yen. Non-current liabilities decreased by 31 million yen from the end of the previous fiscal year to 913 million yen. This decline is mainly attributed to a decrease in other under non-current liabilities of 36 to 162 million yen caused mainly by a decline in deferred tax liabilities of 20 million yen to 24 million yen. (3) Explanation of Consolidated Business Forecasts Business performance in the first quarter of the current fiscal year trended steadily centered on the mainstay “Short-Term Operational Support Business” and the rate of progress versus the first half business forecast exceeded 50% for both net sales and each profit indicator. However, since this progress is not at a level requiring revision to our business forecasts, at present our Company has elected not to revise its consolidated business – 3 – Fullcast Holdings Co., Ltd. (4848) Financial Statement and Results for the FY 2022 forecasts for the fiscal year ending December 2022 (first half and full-year), released on February 10, 2022. – 4 – Fullcast Holdings Co., Ltd. (4848) Financial Statement and Results for the FY 2022 2. Quarterly Consolidated Financial Statements and Primary Notes (1) Quarterly Consolidated Balance Sheet (Million yen) FY12/21 End (December 31, 2021) 1Q FY12/22 End (March 31, 2022) ASSETS Current assets Cash and deposits Notes and accounts receivable – trade Merchandise Supplies Other Allowance for doubtful accounts Total current assets Non-current assets Property, plant and equipment Buildings and structures, net Tools, furniture and fixtures, net Land Total property, plant and equipment Other, net Intangible assets Goodwill Other Total intangible assets Investments and other assets Investment securities Other Allowance for doubtful accounts Total investments and other assets Total non-current assets Total assets 24,815 24,073 17,410 7,090 19 13 303 (20) 296 150 184 2 632 607 333 940 2,014 1,087 (5) 3,096 4,669 29,484 15,536 8,051 40 14 451 (19) 275 142 184 2 603 582 344 926 1,956 1,178 (4) 3,130 4,660 28,732 – 5 – LIABILITIES Current liabilities Notes and accounts payable – trade Short-term borrowings Accounts payable – other Accrued expenses Income taxes payable Accrued consumption taxes Provision for bonuses Allowance for subscription cancellations Other Total current liabilities Non-current liabilities Retirement benefit liability Other Total non-current liabilities Total liabilities NET ASSETS Shareholders’ equity Share capital Capital surplus Retained earnings Treasury shares Total shareholders’ equity Accumulated other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment Total accumulated other comprehensive income Share acquisition rights Non-controlling interests Total net assets Total liabilities and net assets Fullcast Holdings Co., Ltd. (4848) Financial Statement and Results for the FY 2022 (Million yen) FY12/21 End (December 31, 2021) 1Q FY12/22 End (March 31, 2022) 22 1,000 1,553 1,531 1,407 1,742 7,961 161 36 510 747 198 945 8,905 2,780 2,006 16,369 (1,821) 19,334 152 41 193 133 919 20,579 29,484 66 1,000 1,726 1,267 336 1,314 375 – 1,117 7,201 752 162 913 8,114 2,780 2,006 17,246 (2,705) 19,327 136 96 232 125 934 20,618 28,732 – 6 – Fullcast Holdings Co., Ltd. (4848) Financial Statement and Results for the FY 2022 (2) Quarterly Consolidated Statement of Income and Consolidated Statement of Comprehensive Income (Million yen) 1Q FY12/21 (January 1 to March 31, 2021) 1Q FY12/22 (January 1 to March 31, 2022) Share of profit of entities accounted for using equity method Quarterly Consolidated Statement of Income [First Quarter of the Current Fiscal Year] Selling, general and administrative expenses Net sales Cost of sales Gross profit Operating profit Non-operating income Dividend income Revenue – advertising Other Total non-operating income Non-operating expenses Interest expenses Settlement payments Other Total non-operating expenses Ordinary profit Extraordinary income Gain on sale of investment securities Other Total extraordinary income Extraordinary losses Loss on retirement of non-current assets Loss on COVID-19 Total extraordinary losses Profit before income taxes Income taxes – current Income taxes – deferred Total income taxes Profit Profit attributable to non-controlling interests Profit attributable to owners of parent – 7 – 10,815 6,820 3,995 2,428 1,567 1 6 12 17 36 2 29 16 47 20 2 22 4 – 4 1,575 599 (87) 512 1,063 10 1,052 15,271 10,064 5,207 2,759 2,448 1 28 17 16 61 2 11 12 24 69 10 78 21 8 29 2,534 918 (126) 792 1,742 15 1,727 1,556 2,485 Fullcast Holdings Co., Ltd. (4848) Financial Statement and Results for the FY 2022 Quarterly Consolidated Statement of Comprehensive Income [First Quarter of the Current Fiscal Year] (Million yen) 1Q FY12/21 (January 1 to March 31, 2021) 1Q FY12/22 (January 1 to March 31, 2022) Profit Other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment Total other comprehensive income Comprehensive income (Comprehensive income attributable to) Owners of parent Non-controlling interests 1,063 115 47 163 1,226 1,213 12 1,742 (16) 55 39 1,781 1,766 15 – 8 – Fullcast Holdings Co., Ltd. (4848) Financial Statement and Results for the FY 2022 (3) Notes on Consolidated Financial Statements (Notes on Going Concern Assumption) There are no relevant matters. (Notes on Significant Change of Shareholders’ Equity) There are no relevant matters. (Changes in Accounting Policies) (Application of Accounting Standard for Revenue Recognition) Our Company applied “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020) from the beginning of the first quarter of the current fiscal year. As a result, Our Company recognizes earnings at the amount expected to be received in exchange for goods or services when the control of the promised goods or services is transferred to the customer. Although the application of the “Accounting Standard for Revenue Recognition” is subject to the transitional handling stipulated in the proviso to Paragraph 84 of the “Accounting Standard for Revenue Recognition”, there is no impact on the balance of retained earnings at the beginning of the period nor on profit and loss for the first quarter of the current fiscal year. Due to the application of the “Accounting Standard for Revenue Recognition”, the “Allowance for subscription cancellations” presented in “Current liabilities” in the balance sheet for the previous fiscal year will be included in “Other” of “Current liabilities” from the first quarter of the current fiscal year. In accordance with the transitional handling stipulated in Paragraph 89-2 of the “Accounting Standard for Revenue Recognition”, the Company has not restated the previous consolidated fiscal year using the new presentation method. In addition, following the transitional handling stipulated in Section 28-15 of the “Accounting Standard for Quarterly Financial Reporting” (ASBJ Statement No. 12, March 31, 2020), the Company does not include information that breaks down earnings arising from contracts with customers for the first quarter of the previous fiscal year. (Application of Accounting Standard for Fair Value Measurement) The Company applied “Accounting Standard for Fair Value Measurement” (ASBJ Statement No. 30, July 4, 2019) from the beginning of the first quarter of the current fiscal year. In accordance with the transitional handling stipulated in Paragraph 19 of the “Accounting Standard for Fair Value Measurement” and Paragraph 44-2 of the “Accounting Standard for Financial Instruments” (ASBJ Statement No. 10, July 4, 2019), the Company has decided to apply the new accounting policy established by the “Accounting Standard for Fair Value Measurement” into the future. This will have no impact on the quarterly consolidated financial statements. (Additional Information) (Accounting Estimates Associated with the COVID-19 Pandemic) While there are concerns about changes in the economic situation and business environment due to the worldwide spread of COVID-19, our Group has thus conducted accounting estimates assuming that there are no material impacts from COVID-19 during the current consolidated fiscal year because it is difficult to predict when the COVID-19 pandemic will end. However, there is a possibility that material impacts will occur on the consolidated financial statements in subsequent fiscal years, if we review our judgments according to changes in the future situation. System to the Group Tax Sharing System) (Treatment of Application of Tax Effect Accounting Related to the Transition from the Consolidated Taxation Regarding the transition to a Group Tax Sharing System newly established under the “Act Partially Amending the Income Tax Act and Other Acts” (No. 8 of 2020), and the reviewed matters of the “Non-Consolidated Taxation System when transitioning to a Group Tax Sharing System, Fullcast Holding and some of its subsidiaries have not applied the provisions of paragraph 44 of the “Implementation Guidance on Tax Effect Accounting” – 9 – Fullcast Holdings Co., Ltd. (4848) Financial Statement and Results for the FY 2022 (ASBJ Guidance No. 28, February 16, 2018) due to the treatment stipulated in paragraph 3 of the “Practical Solution on the Treatment of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System” (ASBJ PITF No. 39, March 31, 2020). The amounts of deferred tax assets and deferred tax liabilities are based on the provisions of the tax law prior to amendment. (Segment Information and Others) [Segment information] First Quarter of the Previous Fiscal Year (January 1 to March 31, 2021) Information Concerning Net Sales, Profits and Losses for Each Reporting Segment Reporting segment Short-Term Operational Support Business Sales Support Business Security, Other Businesses Total Adjustment amount (Note 1) Sales to external customers 9,379 571 10,815 Net sales Inter-segment sales or transfers Total Segment profit or loss (-) 3 9,382 1,744 865 3 869 (34) 2 573 79 8 10,823 1,788 Notes: 1. (2) million yen in inter-segment eliminations and (218) million yen in company-wide expenses not allocated to any specific reporting segment are included in the (221) million yen segment profit or loss adjustment amount. Company-wide expenses are mainly general and administrative expenses that do not belong to any specific reporting segments. 2. Segment profit or loss is adjusted with operating profit as listed in quarterly consolidated statement of income. First Quarter of the Current Fiscal Year (January 1 to March 31, 2022) Information Concerning Net Sales, Profits and Losses for Each Reporting Segment Reporting segment Short-Term Operational Support Business Sales Support Business Security, Other Businesses Total Adjustment amount (Note 1) Sales to external customers 14,031 565 15,271 Net sales Inter-segment sales or transfers Total Segment profit or loss (-) 4 14,035 2,642 675 3 678 (32) 2 567 66 9 15,280 2,676 Notes: 1. (0) million yen in inter-segment eliminations and (227) million yen in company-wide expenses not allocated to any specific reporting segment are included in the (228) million yen segment profit or loss adjustment amount. Company-wide expenses are mainly general and administrative expenses that do not belong to any specific reporting segments. 2. Segment profit or loss is adjusted with operating profit as listed in quarterly consolidated statement of income. (Million yen) Quarterly consolidated statement of income amount (Note 2) – (8) (8) (221) 10,815 – 10,815 1,567 (Million yen) Quarterly consolidated statement of income amount (Note 2) – (9) (9) (228) 15,271 – 15,271 2,448 – 10 – Fullcast Holdings Co., Ltd. (4848) Financial Statement and Results for the FY 2022 (Major Subsequent Events) (Granting of Remuneration-type Stock Options (Share Acquisition Rights) to Directors, other) The following remuneration-type stock options (share acquisition rights) have been granted to Directors of the Company (excluding Directors who are Audit & Supervisory Committee Members) and Directors of the Company’s subsidiaries in accordance with the resolution of the Board of Directors’ meeting held on March 25, 2022. Such resolutions came into effect in accordance with the resolution of the Company’s 29th Annual General Meeting of Shareholders held on the same date. (1) Allotment date of share acquisition rights April 11, 2022 (2) Total number of share acquisition rights to be issued 587 rights (the number of shares per one share acquisition right shall be 100 ordinary shares) (3) Type and number of shares available under share acquisition rights Ordinary shares of the Company: 58,700 shares (4) Eligible persons for the allotment of share acquisition rights, the number of eligible persons and the number of share acquisition rights to be allotted Directors of the Company (excluding Directors who are Audit & Supervisory Committee Members) 4 persons 264 rights Directors of the Company’s subsidiaries 13 persons 323 rights (5) Payment amount for share acquisition rights 163,035 yen per each share acquisition right (1,630.35 yen per share) Payment of monetary compensation for the total payment amount of the share acquisition rights shall be received from eligible persons and this compensation claim will be offset with the payment obligation of the payment amount for the share acquisition rights. (6) Amount of assets required for exercise of share acquisition rights 100 yen per share acquisition right (7) Period for exercise of share acquisition rights From April 12, 2025, to April 11, 2075. (8) Conditions for the exercise of share acquisition rights i. For share acquisition rights allotted to the Company’s Directors, in principle, the person receiving the allotment of share acquisition rights must be a Director of the Company at the time the rights are exercised. ii. For share acquisition rights allotted to the Directors of the Company’s subsidiaries, in principle, the person receiving the allotment of share acquisition rights, must be a Director of the Company’s subsidiaries at the time the rights are exercised. iii. Share acquisition rights may be exercised only for the number of share acquisition rights allotted that can be determined according to the degree of achievement of the operating income target for the fiscal year ending December 31, 2024, the final year of the medium-term management plan. (Granting of Remuneration-type Stock Options (Share Acquisition Rights) to Employees of the Company and its Subsidiaries) The following remuneration-type stock options (share acquisition rights) have been granted to Employees of the Company and its Subsidiaries in accordance with the resolution of the Board of Directors’ meeting held on March 25, – 11 – Fullcast Holdings Co., Ltd. (4848) Financial Statement and Results for the FY 2022 2022. Such resolutions came into effect in accordance with the provisions of Articles 236, Article 238 and Article 239 of the Companies Act and at the Company’s 29th Annual General Meeting of Shareholders held on the same date. (1) Allotment date of share acquisition rights April 11, 2022 (2) Total number of share acquisition rights to be issued 511 rights (the number of shares per one share acquisition right shall be 100 ordinary shares) (3) Type and number of shares available under share acquisition rights Ordinary shares of the Company: 51,100 shares (4) Eligible persons for the allotment of share acquisition rights, the number of eligible persons and the number of share acquisition rights to be allotted Employees of the Company and Company’s subsidiaries 66 persons 511 rights (5) Payment amount for share acquisition rights The payment of cash is not required for share acquisition rights. (6) Amount of assets required for exercise of share acquisition rights 100 yen per share acquisition right (7) Period for exercise of share acquisition rights From April 12, 2025, to April 11, 2075. (8) Conditions for the exercise of share acquisition rights i. Persons who received the allotment of share acquisition rights must, in principle, hold a position as an employee of the Company or the Company’s subsidiary at the time of exercising these rights. ii. Share acquisition rights may be exercised only for the number of share acquisition rights allotted that can be determined according to the degree of achievement of the operating income target for the fiscal year ending December 31, 2024, the final year of the medium-term management plan. – 12 –