FY2021 Third Quarter Results Briefing

FY2021 Third QuarterResults BriefingNovember 9 th, 2021AUCNET INC.（TSE 1st section：3964）

Table of Contents1. FY2021 Third Quar ter Results・Cumulative Consolidated Financial Results・Highlights (Non-Cumulative 3 Month Results)・Segment Increase /DecreaseP. 2P. 3P. 52. Segment Information・Automobile Business・Digital Product Business・Consumer Product Business・OthersP. 7P. 9P. 11P. 133. ReferenceP. 15 2021 AUCNET INC.1

FY2021 Third Quarter ResultsConsolidated Cumulative Financial Results Both sales and profit increased, although the strong trend until the second quarter has settled down. Net sales increased significantly due to the impact of the addition of GALLERY RARE Ltd. (“GALLERY RARE”)to the scope of consolidation in October 2020.(million yen)FY2020 3QFY2021 3QYoYFY2021Revised Forecast（Aug 10, 2021）Rate ofProgress15,76327,263 72.9%36,65574.4%2,7604,797 73.8%5,60085.7%17.5%17.6% 0.1pt15.3%Ordinary profit2,7465,013 82.5%5,75687.1%Profit attributable toowners of parent1,6193,049 88.3%3,47187.8%Net salesOperating profitOperating profit margin 2021 AUCNET INC.2

FY2021 Third Quarter ResultsFY20213QHighlights (Non-Cumulative 3 Month Results) Net sales increased significantly due to the impact of the addition of GALLERY RARE. Both sales and profit of the Digital Product Business and the Consumer Product Business increased year onyear, although they were lower than the second quarter results as expected. GRAND BOUQUET OTAKI LIMITED (“GRAND BOUQUET OTAKI”) was consolidated from this third quarter.Operating Profit 1,281 million yenNet Sales 8,651 million yenYoY 61.8%Ordinary Profit 1,294 million yenYoY 37.2%YoY 29.2%Profit attributable to 666 million yenOwners of ParentYoY 18.9% The Digital Product Business and the Consumer Product Business continuously drove the growth,although the trend in the first half of the year has settled down. Net Sales 1,429 million yenDigital ProductYoY 7.5%BusinessSegment Income 779 million yenYoY 33.7% In addition to a slight increase in the number of sales units, profitincreased due to increased buying power and sustained high unitprices. At the end of October, the decision to suspend the current businessin Texas was made.Net Sales 3,534 million yen Rising market prices due to the penetration of online auctionsConsumer ProductYoY 845.1%BusinessSegment Income 271 million yen Consolidation of GALLERY RARE and improving efficiency throughYoY 124.3%PMI3 2021 AUCNET INC.3

FY2018 FY2021 Consolidated Financial Results by QuarterNet SalesOperating Profit（million yen）9,268 7669724 697694945632483 Q2Q3QFY2021 2021 AUCNET INC.4

FY2021 Third Quarter ResultsSegment Increase/DecreaseNet SalesAutomobileDigital ProductConsumer ProductOthersAdjustmentOperating Profit27,2632,7004,797（million 101,8068,7039,1482,6242,892 475 390 255 167 1,777 1,859FY2020 3QFY2021 3QFY2020 3QFY2021 3Q 2021 AUCNET INC.5

FY2021 Third Quarter ResultsTransaction AmountTransaction Amount by Segment337,491Automobile259,951 million yen（YoY 13.0％）Consumer Product29,872 million yen（YoY 175.6％）※ Transaction amount of GALLERY RARE has been consolidated since4Q in 2020.million yen（YoY 22.3％）Digital Product33,094 million yen（YoY 32.1％）Others14,572 million yen（YoY 44.6％）※ Used motorcycle, flower and medical-related businesses etc.※ Transaction amount of Kinuta Flower Auction CO.LTD has been consolidatedsince 3Q in 2020 for the flower business.※ Transaction Amount : Total value of the products distributed through the services provided by AUCNET INC. (“AUCNET”) in each business 2021 AUCNET INC.6

FY2021 Third Quarter Cumulative ResultsAutomobile Both sales and profit for the cumulative third quarter increased year-on-year.（Net Sales 5.1%, Segment Income 10.2%） Both sales and profit for the third quarter (3 months) decreased year-on-year.（Net Sales 1.0％, Segment Income 2.7％） Due to the serious shortage of used vehicle supply on the back of longer delivery times for new vehicles, the number of vehicles boughtfor the third quarter (3 months) in our used vehicle auctions, live-linked auctions and proxy bidding service slightly decreased year-onyear. The share of vehicles bought slightly increased compared to the second quarter. In the vehicle inspection service, the number of vehicles inspected in the physical auction sites and AUCNET-hosted auctions sloweddown due to the market conditions, while the number of vehicles inspected for a used vehicle listing platform continued to be favorablefrom the second quarter, contributing to inspection fee sales.Net salesSegment income (million yen)Net Sales Composition(million yen)FY2020 3Q3,8822,0652,3421,342 9308,703Auction-relatedMembership fee9,1488,703FY2021 3QInspection feeOtherAdjustmentNet Sales4,0862,0312,5201,400 8909,148YoY 5.2% 1.6% 7.6% 4.3% 5.1%KPI2,624FY2020 3Q2,892FY2021 3QFY2020 3QFY2021 3QYoYTransaction amount(million yen)230,022259,951 13.0%Auction-relatedTotal vehiclessold/bought(unit)320,865343,537 7.1%Membership feeNumber of members (member)14,26714,497 1.6%Inspection feeVehicles inspected※ (unit)712,148786,132 10.4%※ Includes used motorcycles inspections 2021 AUCNET INC.7

FY2018 FY2021 Results by QuarterAutomobileSegment Income (million yen)Net 9259227481Q2QFY20203Q4Q1Q2Q3QFY2021 2021 AUCNET INC.8

Digital ProductFY2021 Third Quarter Cumulative Results Both sales and profit for the cumulative third quarter increased year-on-year. （Net Sales 25.0％, Segment Income 66.6％） Both sales and profit for the third quarter (3 months) increased year-on-year.（Net Sales 7.5％, Segment Income 33.7％） In the domestic business, although the trend until the second quarter settled down as expected due to restrained purchases beforethe launch of new model smartphones, the profit margin improved significantly due to an increase in the number of sales units in thethird quarter (3 months) compared to the same period of the previous year, as well as maintaining high unit prices and keepingexpenses under control. In the U.S. business, the deficit had been reduced mainly in the merchandising service, but due to the travel restrictions caused bythe COVID-19 impact and the surge in local labor costs etc., the decision to suspend the current business in Texas was made at theend of October.Net Sales CompositionSegment income (million yen)Net sales(million yen)FY2020 3QDomestic businessBusiness in the U.S.5,353Adjustment4,283Net Sales3,0103,7454,903 30.9%536449 16.2%004,2835,353FY2020 3QTransaction amount(million yen)Domestic (unit)FY2021 3QYoY 25.0%KPI1,806FY2020 3QFY2021 3QFY2021 3QYoY25,05533,094 32.1%1,600,0201,828,884 14.3%343,464317,286 7.6%Sales unitsU.S.(unit) 2021 AUCNET INC.9

Digital ProductFY2019 FY2021Results by QuarterSegment Income (million yen)Net Q3QFY20204Q1Q2Q3QFY2021 2021 AUCNET INC.10

Consumer ProductFY2021 Third Quarter Cumulative Results Both sales and profit for the cumulative third quarter increased year-on-year. （Net Sales 980.7%, Segment Income 154.8%） Both sales and profit for the third quarter (3 months) increased year-on-year. （Net Sales 845.1％, Segment Income 124.3％） In the B2B business, the strong demand for online auctions was maintained. An increase in average unit sales price due to soaringmarket prices led to an expansion in domestic and overseas transaction amount, contributing to an increase in segment income. The business targeting consumers also performed better than expected due to the significant increase in sales resulting from theconsolidation of GALLERY RARE, as well as strict cost control through PMI. In the third quarter, costs increased year-on-year due to the relocation of the operation center in order to expand the scale andmaximize efficiency, and an increase in the number of employees.Net Sales Composition(million yen)Net salesSegment income (million yen)FY2020 3QB2B businessFY2021 3Q9684,10306,3400796710,451Business targeting consumersAdjustment10,451Net SalesYoY 323.8% 980.7%KPI967FY2020 3Q921361Transaction amount (million yen)B2B businessItems sold(item)Number of members (member)FY2020 3QFY2021 3QBusiness targetingconsumersTransaction amount (million yen)FY2021 3QYoY10,83823,532 117.1%306,096484,638 58.3%1,8762,467 31.5%06,340- 2021 AUCNET INC.11

FY2019 FY2021 Results by QuarterConsumer ProductNet salesSegment income(million 201Q2Q3QFY2021※ Figures for 2018 and earlier were disclosed as Other Information Distribution Business and not published by segment. 2021 AUCNET INC.12

OthersFY2021 Third Quarter Cumulative Results Both sales and profit for the cumulative third quarter increased year-on-year. （Net Sales 18.2%） Increase in sales and decrease in profit for the third quarter (3 months) year-on-year. （Net Sales 6.3％） The flower and used motorcycle business is continuously profitable even after the segment change. In MENERGIA Inc., it has been focusing on system improvement of the services etc., to improve its quality.Net salesSegment income (million yen)Net Sales Composition2,285 255FY2020 3Q2,700(million yen) 167FY2020 3QFY2021 3QYoYFlower6861,080 57.5%Used Motorcycle546614 12.3%Others1,0521,005 4.4%Net Sales2,2852,700 18.2%FY2021 3Q 2021 AUCNET INC.13

TopicsOthers (Flower Business)GRAND BOUQUET OTAKI Became a Subsidiary of AUCNET INC. AUCNET made GRAND BOUQUET OTAKI its subsidiary on September 1st, 2021. GRAND BOUQUET OTAKI has strength in growing high quality Phalaenopsis Orchids using ICT, and it willpromote DX with industry's first production and sales integration in Japan by using IT to connect thedistribution data of AUCNET’s flower business. Aiming to contribute to the sustainable development of the industry by providing ICT-based know-howto growers in the futureOverviewNameEstablishmentBusinessCapital FundGRAND BOUQUET OTAKI LIMITEDOctober 3 rd, 2016Growing Phalaenopsis Orchidsusing ICT115 million yen 2021 AUCNET INC.14

Reference 2021 AUCNET INC.15

FY2017 FY2020 Consolidated Results by Fiscal YearNet SalesOperating ProfitOperating Profit Margin(million Y2017FY2018FY2019FY2020 2021 AUCNET INC.16

Consolidated Balance SheetsAssets(million yen)FY2020end ofDecemberFY2021end ofSeptemberIncrease /DecreaseLiabilities and net assets(million yen)25,79830,242 4,444Current liabilitiesCash and deposit16,77619,767 2,990Due from auctionmembers4,2535,385 1,132Other4,7685,089 3217,4826,836 646Property, plant andequipment1,5751,651 75Intangible assets2,0401,706 334Other3,8663,477 38833,28037,078 3,797Current assentsNon-current assetsTotal assetsFY2020end ofDecemberFY2021end ofSeptemberIncrease /Decrease10,66511,863 1,197Due to auctionmembers7,0328,179 1,146Other3,6323,683 502,9773,058 81Retirement benefit liability1,7441,786 41Other1,2321,272 39Total liabilities13,64314,922 1,279Total net assets19,63722,155 2,518Total liabilities andnet assets33,28037,078 3,797Non-current liabilities 2021 AUCNET INC.17

KPIFY20181QTransaction amount(million yen)Total vehiclessold/bought(unit)Membership feenumber of members(member)Inspection fee※1Vehicles n amountDigital ProductB2B businessBusiness ------Transaction amount(million yen)2,4092,5342,2192,8162,6812,6732,5422,696Items 5090,729Number of 1,815Transaction amount(million yen)--------FY2020Transaction amount(million yen)Total vehiclessold/bought(unit)Membership feeNumber of members(member)Inspection fee※1Vehicles inspected(unit)AutomobileTransaction amountDigital Product(million yen)B2B businessBusiness ,169308,478173,95196,73446,601-Transaction amount(million yen)2,7683,7204,3496,5437,3247,9978,210-Items 158,173-Number of -transaction amount(million yen)---1,6542,1402,1792,020-Sales unitConsumer on yen)Sales unitsConsumer Product※22Q※1 Includes used motorcycles inspections※2 Starting from 4Q FY2020, KPI for GALLERY RARE is consolidated into each business. 2021 AUCNET INC.18

FY2021 Third Quarter Results Briefing November 9th, 2021 AUCNET INC. BTSE 1st section：3964 C