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Uzabase : Disclosure Materials on Business Plan and Growth Potential







Long-Term Strategic Plan

Disclosure Materials on

Business Plan and Growth Potential

Uzabase, Inc.

December 2021

About This Document

  • Change in Profitability Metric

In consideration of the goals outlined below, we plan to incorporate a stock compensation plan into our remuneration system starting from 2022:

1.To increase the number of employees able to view the business from the perspectives of entrepreneurs, business managers, and stockholders, as well as to increase enterprise value in the medium-to-long term.

2.To attract the best possible talent by offering benefits and remuneration levels that are competitive both in Japan and globally.

EBITDA has always been the Uzabase Group’s key profitability metric, as we believe that excluding the impact of non-cash charges is the most optimal way to assess our performance. In line with this policy, from 2022 onwards, the Group will continue to disclose the same profitability metric but with additional adjustments to exclude the impact of stock compensations, which also fall under the category of non-cash charges. This Adjusted EBITDA will serve as our profitability metric in 2022 and beyond, with the calculation method applied as described below:

Adjusted EBITDAOperating Profit + Depreciation + Amortization + Stock Compensations

All EBITDA figures for FY12/2022 and beyond presented in this document are Adjusted EBITDA figures.

  • Clarification on Earnings Figures

Although the Uzabase Group has withdrawn from the Quartz business in the US (Nov 2020), the consolidated figures presented in this material include Quartz’s earnings.

Change in Reportable Segments

  • Starting from 2022, Uzabase will be reporting earnings in two segments: SaaS and NewsPicks

Up until now, we have been separating SPEEDA and Other B2B services in our filings, but starting from FY12/2022, these will be combined into a single segment named “SaaS”. Additionally, the new SaaS segment will include the earnings of AlphaDrive and AlphaDrive Kochi (consolidated subsidiaries of NewsPicks), as well as NewsPicks’ enterprise-focused services (“NewsPicks Enterprise” and “NewsPicks Learning (Enterprise)”), which used to be disclosed as part of NewsPicks in FY12/2021.

In this document, these are referred to collectively as AlphaDrive/NewsPicks (AD/NP).

  1. In order to manage the businesses in a unified manner and boost cross-selling, as both SPEEDA and Other B2B services are SaaS businesses leveraging shared core assets.
  2. AD/NP is an enterprise-focused SaaS solution built on the NewsPicks platform.
  3. AD/NP, SPEEDA, FORCAS, and INITIAL all leverage the NewsPicks platform. As such, reporting AD/NP under the NewsPicks business does not properly reflect the actual state of the business.

Current Segmentation

Planned Segmentation from 2022

Segments

Products/Services

Segments

Products/Services

SPEEDA

SaaS

Other B2B

Advertising

Unified as

Advertising (no change)

NewsPicks

Paid

NewsPicks

Paid Subscriptions

Subscriptions

Others

Others (publishing, content sales, etc.)

3

1.

MOOC Enterprise was renamed to NewsPicks Learning in Nov 2021. Refer to

this press release

for details (Japanese only)

Uzabase Group: Key Facts

Consolidated ARR

2008

11.6

SaaS ARR

743

9.1billion

1.

All figures are as of end-Sep

.

  1. All monetary amounts are truncated figures. Share of Revenue from Subscriptions and Growth Rate are rounded to the nearest whole (same applies for all slides that follow).
  2. Total Employees includes both full-time and contract-based employees.
  3. Share of Subscription Revenue refers to the share of recurring revenue in the total consolidated revenue of the Group.
  4. ARR (Annual Recurring Revenue) refers to the total amount of recurring revenue generated over a year, calculated as MRR (Monthly Recurring Revenue) multiplied by 12.

6.

SaaS ARR is the sum total of ARRs for SPEEDA, INITIAL, SPEEDA Edge, FORCAS, FORCAS Sales, and AD/NP.

5

7.

NewsPicks ARR is ARR from NewsPicks Premium and NewsPicks Learning (individual) subscriptions.

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Uzabase Inc. published this content on 16 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 December 2021 06:28:12 UTC.

Publicnow 2021

All news about UZABASE, INC.

Sales 2021 15 961 M
140 M
140 M
Net income 2021 696 M
6,09 M
6,09 M
Net cash 2021 4 700 M
41,1 M
41,1 M
P/E ratio 2021 80,8x
Yield 2021
Capitalization 56 372 M
494 M
493 M
EV / Sales 2021 3,24x
EV / Sales 2022 2,61x
Nbr of Employees 611
Free-Float 58,9%



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Uzabase, Inc. Technical Analysis Chart | MarketScreener

Technical analysis trends UZABASE, INC.

Short Term Mid-Term Long Term
Trends Bearish Bearish Bearish



Income Statement Evolution

Sell

Buy

Mean consensus BUY
Number of Analysts 5
Last Close Price
1 535,00 JPY
Average target price
3 450,00 JPY
Spread / Average Target 125%


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