シンプレスの適時開示・決算・その他

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

__________________________________________

Form 8-K


現行レポート
1934年米国証券取引所法第13条または第15条(d)に基づき

報告日（最も古い事象が報告された日:			July 27, 2022

__________________________________________

Cimpress plc

(チャーターで指定された登録者の正確な名前)

__________________________________________

アイルランド

000-51539

98-0417483

(法人設立の州またはその他の管轄区域)

(Commission File Number)

(IRS Employer Identification No.)


Building D,			Xerox Technology Park
A91 H9N9
Dundalk, Co. Louth
アイルランド
(主要経営陣の住所)

登録者の電話番号（市外局番を含む）。+353 42 938 8500

Not applicable

(旧姓または旧住所（前回の報告書から変更された場合）。

__________________________________________

form 8-kの提出が、以下のいずれかの条項に基づく登録者の提出義務を同時に満たすことを意図している場合は、以下の該当するボックスにチェックを入れます（以下の一般指示a.2.を参照）。:

☐

証券法に基づく規則425に従った書面によるコミュニケーション（17 cfr 230.425)

☐

取引所法の下でのルール14a-12（17 cfr 240.14a-12）に基づく資料の勧誘。)

☐

取引所法の規則14d-2(b)に基づく開始前のコミュニケーション（17 cfr 240.14d-2(b))

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証券取引法の規則13e-4(c)に基づく開始前のコミュニケーション（17 cfr 240.13e-4(c))

登録者が、1933年証券法の規則405（本章230.405）または1934年証券取引法の規則12b-2（本章240.12b-2）に定義される新興成長企業であるかどうかをチェックマークで示す。


Emerging growth company			☐

新興成長企業の場合、登録者が証券取引法第13条(a)に従って提供される新規または改訂された財務会計基準に準拠するための延長移行期間を使用しないことを選択した場合、チェックマークを付けて示してください。☐

法第 12 条(b)に基づき登録された証券。

Title of Each Class

Trading Symbol(s)

登録されている取引所の名称

普通株式、1株あたりの額面は0.01ユーロ

CMPR

NASDAQ

Global Select Market

Item 2.02. 営業成績および財務状況

2022年7月27日、Cimpress plcは、2022年6月30日に終了した第4四半期および年度の決算を発表・説明する四半期決算説明資料をウェブサイトに掲載しました。この決算資料の全文は、本報告書の別紙99.1として提出されています。

本項目 2.02 および本報告書の添付資料は、1934 年証券取引法第 18 条における「提出」または同条の規定に従うものではなく、1933 年証券取引法または 1934 年証券取引法に基づくいかなる提出書類にも、かかる提出書類に明示的に言及されているものを除き、参照により組み込まれるものではありません。

Item 9.01. 財務諸表および添付資料

(d) 出展物


Exhibit
No.						Description
99.1						2022年7月27日付第4四半期・2022年度四半期決算説明会資料
104						カバーページ ixbrlでフォーマットされたインタラクティブデータファイル

SIGNATURE

1934年証券取引法の要件に従い、登録者は、正当に権限を与えられたアンダーソンにより、この報告書に署名させられました。


July 27, 2022			Cimpress plc


			By:			/s/ Sean E. Quinn
						Sean E. Quinn
						エグゼクティブ・バイス・プレジデント兼チーフ・ファイナンシャル・オフィサー

EX-99.1 2 q4_fy22quarterlyearnings.htm EX-99.1 q4_fy22quarterlyearnings

TABLE OF CONTENTS Page IMPORTANT NOTES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 LETTER FROM CEO ROBERT KEANE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 SUMMARY CONSOLIDATED RESULTS: 3-YEAR TREND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 SUMMARY CONSOLIDATED RESULTS: QUARTERLY TREND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 INCOME STATEMENT HIGHLIGHTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 CASH FLOW . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 DEBT AND SHARE REPURCHASES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 SEGMENT RESULTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 VISTA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 UPLOAD AND PRINT: PRINTBROTHERS AND THE PRINT GROUP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 NATIONAL PEN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 ALL OTHER BUSINESSES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 CENTRAL AND CORPORATE COSTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 CURRENCY IMPACTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 FINANCIAL STATEMENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 BALANCE SHEET . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 INCOME STATEMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 CASH FLOW STATEMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 ABOUT NON-GAAP MEASURES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 NON-GAAP RECONCILIATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 ABOUT CIMPRESS, SAFE HARBOR STATEMENT AND CONTACT INFORMATION . . . . . . . . . . . . . . . . . . . . . . . . . . 39 Page 2 of 39

CIMPRESS' UPPERMOST FINANCIAL OBJECTIVE Our uppermost financial objective is to maximize our intrinsic value per share (“IVPS”). We define IVPS as (a) the unlevered free cash flow per diluted share that, in our best judgment, will occur between now and the long-term future, appropriately discounted to reflect our cost of capital, minus (b) net debt per diluted share. We define unlevered free cash flow as adjusted free cash flow plus cash interest expense related to borrowing. We endeavor to make all financial decisions in service of this priority. As such, we often make decisions that could be considered non-optimal were they to be evaluated based on other criteria such as (but not limited to) near- and mid-term revenue, operating income, net income, EPS, adjusted EBITDA, and cash flow. IVPS is inherently long term in nature. Thus an explicit outcome of this is that we accept fluctuations in our financial metrics as we make investments that we believe will deliver attractive long-term returns on investment. OUR STRATEGY Cimpress invests in and builds customer-focused, entrepreneurial, mass customization businesses for the long term, which we manage in a decentralized, autonomous manner. We drive competitive advantage across Cimpress through a select few shared strategic capabilities that have the greatest potential to create company-wide value. We limit all other central activities to only those which absolutely must be performed centrally. OUR CAPITAL ALLOCATION PHILOSOPHY Cimpress has historically deployed capital via organic investments, share repurchases, acquisitions and equity investments, and debt reduction. We have not paid a dividend and we do not intend to for the foreseeable future. We consider capital to be fungible across all of these categories; we do not favor one over the other, but rather seek to grow our IVPS by allocating capital across these categories in function of the relative returns of current and expected future opportunities. We delegate to our businesses and central teams capital allocation decisions that our operational executives expect to pay back in less than twelve months. For capital allocation with pay back beyond that time frame, we evaluate the relative returns of potential uses of capital. The executives that lead most of our businesses are incentivized based on the long-term returns on invested capital generated in their business. The remainder, most of whom are in our Vista reporting segment or central functions, are primarily incentivized through Cimpress share-based compensation. We seek to deliver a weighted average return on our portfolio of deployed capital, net of failures, that is materially above our weighted average cost of capital (WACC), which we have historically estimated to be 8.5%. In support of this objective, we vary the hurdle rates that we use at the time of investment decisions in function of our judgment of the risks to various types of investment. For example, we require only 10% for highly predictable organic investments in established markets, 15% for M&A of established, growing, profitable companies, and 25% for risky investments such as our investments in startup businesses or emerging markets. Hurdle rates for investments may also vary based on leverage levels and external factors. We recognize that a portfolio of investments that exceeds our WACC does not necessarily mean, by itself, that we have made good capital allocation decisions. We compare our returns against the opportunity cost of potentially higher returns that might have come from deploying the same capital into even higher-returning opportunities of a similar risk level. This more stringent measure of performance clarifies the cost of mistakes which we have made in the past. Page 3 of 39

LETTER FROM ROBERT JULY 27, 2022 Dear Investor, As we do at the end of each fiscal year, in addition to this earnings document today, we have published our annual letter to investors that covers our assessment of capital allocation and strategic topics. We will also host a public call tomorrow, July 28, 2022 at 8:00am EDT. Many aspects of our Q4 and FY22 financial results illustrate our opportunity for growth and value creation. Consolidated revenue and gross profit each reached all-time highs for both Q4 and FY2022. Our Upload & Print businesses are growing fast while expanding margins; together they delivered record revenue and combined segment EBITDA in FY2022 despite currency headwinds. National Pen delivered healthy annual revenue growth and EBITDA, especially when excluding the drop off of pandemic-driven face mask sales. Our All Other Business segment delivered record revenues for the full year, despite a reduction in revenue from consumer products such as wall décor in BuildASign, which reverted to their long-term trend following abnormally high growth during the pandemic. On the other hand, financial results for Vista remain well below what we believe to be their potential. Among other factors that are discussed in today's annual letter, this reflects the following: elevated discretionary strategic investments we have been making in Vista's transformation that are weighing heavily on near-term profits; revenue growth that remains below what we believe to be achievable in the future now that we are emerging from more than three years where the primary focus was building foundations (including a re-platforming of our technology stack that consumed substantial organizational bandwidth) and responding to the pandemic; and cost inflation that has so far outpaced the rate of Vista's price increases especially in the second half of the year, though recent testing in Vista and Cimpress' experience in other segments indicates that there is opportunity to improve this over the coming quarters. We believe that we will accelerate Vista's annual organic constant-currency revenue growth in FY2023 and beyond, and drive substantially improved profitability over the next several years. In the year ahead Vista's clear focus is on leveraging the very significant investments that we have made over recent years and overcoming the cost inflation that weighed on its FY2022 profitability. The tables below show the year-over-year change in revenue, gross profit and contribution profit by segment for Q4 and FY2022: Change Q4 FY2022 versus Q4 FY2021 Revenue Gross Profit Contribution Profit Segment: Reported Organic Constant-Currency Reported Reported Vista 6% 8% 3% (12)% PrintBrothers 36% 52% 51% 54% The Print Group 25% 42% 19% 16% National Pen 10% 14% 12% 5% All Other Businesses 5% 3% 4% 14% Total 14% 19% 9% 1% Change FY2022 versus FY2021 Revenue Gross Profit Contribution Profit Segment: Reported Organic Constant-Currency Reported Reported Vista 6% 5% 4% (5)% PrintBrothers 25% 32% 33% 34% The Print Group 20% 27% 25% 23% National Pen 9% 11% 19% 25% All Other Businesses 7% 3% —% (2)% Total 12% 13% 9% 4% Please see non-GAAP reconciliations at the end of this document. Page 4 of 39

Our net leverage was 4.23x trailing-twelve-month EBITDA at the end of the quarter, down slightly from last quarter. We continue to expect to delever from current levels by the end of FY2023. We have ample liquidity, no quarterly financial maintenance covenants, and robust currency and interest rate risk management programs that are further described in my annual letter and that allow us to remain focused on operational execution despite macro volatility. We also recently took proactive actions in several businesses and central teams to reduce costs and increase focus. This includes plans to exit our businesses in Japan and China and reducing headcount in Vista and Cimpress Technology in areas that have been deprioritized to ensure clear focus on initiatives with expected nearer-term financial returns. When combined with the decision last quarter by National Pen to move European production from Ireland to the Czech Republic, the annualized savings from these actions are expected to be about $25 million in aggregate, and will help offset wage inflation and other cost increases in our businesses that are already included in our cost structure heading into FY2023. The remainder of this document provides more details on our financial results, but please do read our thoughts on more strategic topics and forward-looking commentary in our annual letter also published today. I look forward to taking your questions on our public call tomorrow morning, which you can access at ir.cimpress.com. You may presubmit questions by emailing ir@cimpress.com until 11:00 pm EDT tonight, or you may chat your questions live via our online call tomorrow. We expect it to last 45 minutes, and as always we will do a deeper dive in our investor day, to be held September 13, 2022. Sincerely, Robert S. Keane Founder, Chairman & CEO Please see non-GAAP reconciliations at the end of this document. Page 5 of 39

SUMMARY CONSOLIDATED RESULTS: THREE-YEAR TREND $ in thousands, except percentages REVENUE BY REPORTABLE SEGMENT, TOTAL REVENUE AND INCOME FROM OPERATIONS: Q4 FY2020 Q4 FY2021 Q4 FY2022 FY2020 FY2021 FY2022 Vista $ 244,505 $ 345,923 $ 368,099 $ 1,337,291 $ 1,428,255 $ 1,514,909 PrintBrothers 72,518 105,851 143,941 417,921 421,766 526,952 The Print Group 46,720 72,948 91,279 275,214 275,534 329,590 National Pen 32,964 68,967 75,608 299,474 313,528 341,832 All Other Businesses 42,502 49,133 51,786 173,789 192,038 205,862 Inter-segment eliminations (10,103) (7,627) (7,885) (22,331) (55,160) (31,590) Total revenue $ 429,106 $ 635,195 $ 722,828 $ 2,481,358 $ 2,575,961 $ 2,887,555 Reported revenue growth (36) % 48 % 14 % (10) % 4 % 12 % Organic constant currency revenue growth (36) % 38 % 19 % (11) % (1) % 13 % (Loss) income from operations $ (3,269) $ 9,027 $ (27,185) $ 55,969 $ 123,510 $ 47,298 (Loss) income from operations margin (1) % 1 % (4) % 2 % 5 % 2 % EBITDA (LOSS) BY REPORTABLE SEGMENT ("SEGMENT EBITDA") AND ADJUSTED EBITDA: Q4 FY2020 Q4 FY2021 Q4 FY2022 FY2020 FY2021 FY2022 Vista1 $ 65,674 $ 56,024 $ 12,101 $ 362,590 $ 318,684 $ 195,321 PrintBrothers 3,451 9,412 19,494 39,373 43,144 66,774 The Print Group 8,933 11,899 15,994 51,606 43,126 58,664 National Pen (9,400) 6,911 4,192 7,605 11,644 26,845 All Other Businesses 8,902 5,926 6,028 17,474 31,707 23,227 Total segment EBITDA $ 77,560 $ 90,172 $ 57,809 $ 478,648 $ 448,305 $ 370,831 Central and corporate costs1 (28,323) (33,708) (37,027) (129,726) (122,749) (137,115) Unallocated share-based compensation (954) (3,672) (1,991) (6,927) (6,618) (6,843) Exclude: share-based compensation expense2 11,269 13,963 13,551 33,252 37,034 49,766 Include: Realized gains (losses) on certain currency derivatives not included in segment EBITDA 4,286 (4,557) 5,411 24,533 (6,854) 4,424 Adjusted EBITDA $ 63,838 $ 62,198 $ 37,753 $ 399,779 $ 349,118 $ 281,063 Adjusted EBITDA margin 15 % 10 % 5 % 16 % 14 % 10 % Adjusted EBITDA year-over-year (decline) growth (46) % (3) % (39) % 3 % (13) % (19) % 1 In Q4 FY2022, we transferred certain variable costs previously included in Central and corporate costs to Cimpress businesses to drive better financial accountability for these costs. These costs are managed by our central technology team but directly relate to consumption by our businesses. The only material cost transfer relates to Vista, which we have recast backwards to all periods starting in FY2020 forward to ensure comparability for Vista and these central and corporate costs. The recast transferred $4.9 million, $6.0 million and $3.7 million of cost for FY2022 (Q3YTD), FY2021, and FY2020, respectively, from central and corporate costs to Vista. All other business impacts are immaterial and will be reported in each business in future periods as they use these services. 2 SBC expense listed above excludes the portion included in restructuring-related charges to avoid double counting. CASH FLOW AND OTHER METRICS: Q4 FY2020 Q4 FY2021 Q4 FY2022 FY2020 FY2021 FY2022 Net cash provided by (used in) operating activities $ 54,383 $ 46,273 $ 87,820 $ 338,444 $ 265,221 $ 219,536 Net cash provided by (used in) investing activities (19,051) (253,169) 44,630 (66,864) (354,316) (3,997) Net cash provided by (used in) financing activities (221,499) 354,313 (7,826) (258,255) 224,128 (106,572) Adjusted free cash flow 34,386 14,869 60,500 243,985 165,760 100,199 Cash interest related to borrowing 30,143 50,663 34,601 72,906 116,977 98,099 Please see non-GAAP reconciliations at the end of this document. Page 6 of 39

SUMMARY CONSOLIDATED RESULTS: THREE-YEAR TREND (CONTINUED) $ in thousands, except where noted COMPONENTS OF ADJUSTED FREE CASH FLOW: Q4 FY2020 Q4 FY2021 Q4 FY2022 FY2020 FY2021 FY2022 Adjusted EBITDA $ 63,838 $ 62,198 $ 37,753 $ 399,779 $ 349,118 $ 281,063 Cash restructuring payments (4,017) (2,460) (21) (9,087) (6,565) (265) Cash taxes (3,800) (14,814) (9,400) (13,520) (27,870) (32,987) Other changes in net working capital and other reconciling items 28,505 52,012 94,089 34,178 67,515 69,824 Purchases of property, plant and equipment (11,829) (15,788) (11,898) (50,467) (38,524) (54,040) Capitalization of software and website development costs (8,168) (15,616) (15,422) (43,992) (60,937) (65,297) Adjusted free cash flow before cash interest related to borrowing $ 64,529 $ 65,532 $ 95,101 $ 316,891 $ 282,737 $ 198,298 Cash interest related to borrowing (30,143) (50,663) (34,601) (72,906) (116,977) (98,099) Adjusted free cash flow $ 34,386 $ 14,869 $ 60,500 $ 243,985 $ 165,760 $ 100,199 Q4 FY2022 COMPONENTS OF ADJUSTED FREE CASH FLOW ($M) $37.8 $— ($9.4) $94.1 ($11.9) ($15.4) $95.1 ($34.6) $60.5 Adjusted EBITDA Restructuring payments Cash taxes Other NWC changes & other items Capital expenditures Capitalization of software Adjusted FCF before interest related to borrowing Cash interest related to borrowing Adjusted FCF FY2022 COMPONENTS OF ADJUSTED FREE CASH FLOW ($M) $281.1 ($0.3) ($33.0) $69.8 ($54.0) ($65.3) $198.3 ($98.1) $100.2 Adjusted EBITDA Restructuring payments Cash taxes Other NWC changes & other items Capital expenditures Capitalization of software Adjusted FCF before interest related to borrowing Cash interest related to borrowing Adjusted FCF Please see non-GAAP reconciliations at the end of this document. Page 7 of 39

SUMMARY CONSOLIDATED RESULTS: QUARTERLY TREND $ in millions, except percentages and share data Revenue & Reported Revenue Growth (Decline) (1) $429 $587 $781 $573 $635 $658 $850 $657 $723 (36)% (7)% (5)% (4)% 48% 12% 9% 15% 14% Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Cash Flow from Operations $54 $106 $150 ($37) $46 $37 $143 $(48) $88 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Organic Constant-Currency Revenue Growth (Decline) (36)% (10)% (9)% (10)% 38% 9% 9% 17% 19% Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Adjusted Free Cash Flow & Cash Interest Adj. FCF Cash Interest Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q420 Q121 Q221 Q321 Q421 Q122 Q222 Q322 Q422 Adj. FCF $34 $82 $130 ($62) $15 $12 $109 ($82) $61 Interest $30 $9 $49 $8 $51 $14 $35 $14 $35 (1) Reported revenue growth rates are impacted by the timing of acquisitions and divestitures. Please see non-GAAP reconciliations at the end of this document. Page 8 of 39

SUMMARY CONSOLIDATED RESULTS: QUARTERLY TREND (CONTINUED) $ in millions, except percentages and share data GAAP Operating Income (Loss) & Adjusted EBITDA ($3) $36 $94 ($16) $9 $17 $86 ($28) ($27) $64 $88 $143 $55 $62 $68 $142 $34 $38 GAAP OI (Loss) Adjusted EBITDA Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Net Debt (1) ($1,437)($1,361) ($1,278)($1,348)($1,379) ($1,366)($1,333) ($1,461) ($1,378) Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 ($M) Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Cash / equivalents $ 45 $ 40 $ 37 $ 36 $ 183 $ 193 $ 231 $ 162 $ 277 Marketable securities $— $— $— $— $203 $192 $175 $108 $50 HY notes ($600) ($600) ($600) ($600) ($600) ($600) ($600) ($600) ($600) 2nd lien notes ($300) ($300) ($300) ($300) $— $— $— $— $— Term loans ($148) ($146) ($144) ($143) ($1,152) ($1,140) ($1,129) ($1,121) ($1,097) Revolver ($422) ($344) ($260) ($329) $— $— $— $— $— Other debt ($12) ($11) ($11) ($13) ($13) ($11) ($10) ($9) ($8) Net debt ($1,437) ($1,361) ($1,278) ($1,348) ($1,379) ($1,366) ($1,333) ($1,461) ($1,378) Net Income (Loss) Attributable to Cimpress ($42) ($11) $32 ($39) ($68) ($7) $55 ($72) ($31) Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Weighted Average Shares Outstanding (Millions) (2) 25.9 25.9 26.0 26.0 26.0 26.1 26.1 26.1 26.1 25.9 25.9 26.4 26.0 26.0 26.1 26.4 26.1 26.1 Basic Diluted Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 (1) Excludes debt issuance costs, debt premiums and discounts. (2) Basic and diluted shares are the same in certain periods where we reported a GAAP net loss. Please see non-GAAP reconciliations at the end of this document. Page 9 of 39

INCOME STATEMENT HIGHLIGHTS Our reported revenue growth of 14% for Q4 and 12% for the full fiscal year were positively impacted by acquisitions but negatively impacted by currency movements. Organic constant-currency revenue growth was 19% for Q4 and 13% for the full year. The year-over-year full-year decline in revenue from face masks represented a roughly 400 bps impact on consolidated revenue growth in FY2022. For Q4 FY2022, we recorded a GAAP operating loss of $27.2 million versus operating income of $9.0 million in the year-ago period. Gross profit increased $29.1 million despite significant inflationary cost pressures, but was more than offset by a $25.2 million increase in advertising expense, increased organic investment in Vista, and $10.2 million of restructuring expense recognized in Q4 FY2022. These restructuring costs were for decisions taken to reduce costs in Vista and Cimpress central teams and the planned exit of our operations in Japan and China. For FY2022, GAAP operating income decreased $76.2 million to $47.3 million. Gross profit increased significantly despite inflationary cost pressures and there was a non- recurrence of a $19.9 million lease-related impairment in FY2021, but these items were more than offset by increased organic investment in Vista, increased advertising expense, as well as $12.0 million higher restructuring charges. Adjusted EBITDA for Q4 FY2022 was $37.8 million, down $24.4 million from $62.2 million in Q4 FY2021 and, for the full year, down 19% to $281.1 million as most of the items described in operating income (loss) above also influence adjusted EBITDA (with the exception of restructuring and certain impairments that are not included in adjusted EBITDA). Additionally, we use derivative contracts to hedge the economic currency risk within adjusted EBITDA, and we include any realized gains or losses from these contracts in adjusted EBITDA. The net impact of year-over- year currency movements on adjusted EBITDA was favorable in Q4 FY2022 by about $6.7 million and $5.9 million for the full year. GAAP net (loss) per diluted share for the fourth quarter was $(1.17), versus $(2.60) in the same quarter a year ago, primarily as a result of the non-recurrence of a $48.3 million loss on the early extinguishment of debt we redeemed in the year-ago period, as well as year-over-year realized and unrealized currency benefits in other income (expense), net (details on page 26). For the full year, GAAP net (loss) per diluted share was $(2.08), versus $(3.28) in the year-ago period driven by lower interest expense (including the loss on early-extinguishment of debt in the prior year) and year-over-year realized and unrealized currency benefits, partially offset by a combination of our operating results and higher taxes. (continued on next page) Revenue & Reported Revenue Growth (Decline) $429 $587 $781 $573 $635 $658 $850 $657 $723 (36)% (7)% (5)% (4)% 48% 12% 9% 15% 14% Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Organic Constant-Currency Revenue Growth (Decline) (36)% (10)% (9)% (10)% 38% 9% 9% 17% 19% Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 GAAP Operating Income (Loss) ($M) & Margin (%) (Quarterly) ($3) $36 $94 ($16) $9 $17 $86 ($28) ($27) (1)% 6% 12% (3)% 1% 3% 10% (4)% (4)% Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Adjusted EBITDA ($M) & Margin (%) (Quarterly) $64 $88 $143 $55 $62 $68 $142 $34 $3815% 15% 18% 10% 10% 10% 17% 5% 5% Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Please see non-GAAP reconciliations at the end of this document. Page 10 of 39

INCOME STATEMENT HIGHLIGHTS (CONTINUED) Gross profit (revenue minus the cost of revenue) increased year over year by $29.1 million in the fourth quarter due to materially higher revenue, including benefit from price increases, partially offset by increased material, energy and labor costs. For the full year, gross profit increased $118.8 million for the same reasons mentioned above, as well as the non-recurrence of a $12.2 million write-down of pandemic-related inventory recognized in the year-ago period. These factors were partially offset by the non-recurrence of $10.9 million of government wage incentives recognized in FY2021. Year-over-year currency fluctuations had a negative impact on gross profit for the quarter and full year. Gross margin (revenue minus the cost of revenue expressed as a percent of revenue) in the fourth quarter was 47.1%, down 190 bps compared to Q4 FY2021. For the full year, gross margin declined by 120 bps to 48.3%. Though gross profit dollars increased year over year, the margin impact of inflationary pressure on input costs as well as product mix shifts in Vista drove the majority of this gross margin compression. Contribution profit (revenue minus the cost of revenue, advertising and payment processing) increased year over year by $2.2 million in the fourth quarter. Increased gross profit was partially offset by an increase in advertising expense, from $87.5 million in Q4 FY2021 to $112.7 million in Q4 FY2022. For the full year, contribution profit increased year over year by $37.2 million. Vista was the largest contributor to increased advertising, which is discussed in the Vista section of this document on page 15. Year-over-year currency fluctuations had a negative impact on contribution profit for the quarter and full year. Contribution margin (revenue minus the cost of revenue, the cost of advertising and payment processing, expressed as a percent of revenue) in the fourth quarter was 29.7%, down from 33.4% in the same quarter a year ago. For the full year, contribution margin decreased 250 basis points to 32.3%. Advertising as a percent of revenue increased year over year for the fourth quarter from 13.8% to 15.6% due to increases in Vista. For the full year, advertising as a percent of revenue increased 110 basis points to 14.1%. GAAP Operating Income & Adj. EBITDA ($M) (TTM) $56 $67 $39 $111 $124 $104 $96 $84 $47 $400 $409 $367 $351 $349 $328 $327 $306 $281 TTM OI TTM Adj EBITDA Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Gross Profit ($M) & Gross Margin (%) $210 $288 $400 $277 $311 $319 $426 $310 $340 48.8% 49.0% 51.2% 48.3% 49.0% 48.5% 50.1% 47.1% 47.1% Gross Profit Gross Margin % Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Contribution Profit ($M) & Contribution Margin (%) $166 $208 $286 $189 $212 $219 $299 $201 $215 38.6% 35.5% 36.7% 33.0% 33.4% 33.2% 35.2% 30.6% 29.7% Contribution Profit Contribution Margin % Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Please see non-GAAP reconciliations at the end of this document. Page 11 of 39

CASH FLOW We generated $87.8 million of cash from operations in Q4 FY2022, compared with $46.3 million in the year-ago period. The $24.4 million decrease to adjusted EBITDA described on page 10 was offset by $16.1 million lower cash interest payments as a result of the changes made to our debt structure in May 2021, $5.4 million lower cash tax payments, and significant working capital favorability versus Q4 FY2021. We also had proceeds of $12.1 million upon the early settlement of certain derivatives that are not intended to hedge adjusted EBITDA. For the full year, cash from operations decreased $45.7 million due to the $68.1 million decline in adjusted EBITDA and a $5.1 million increase in cash taxes, partially offset by an $18.9 million decrease in cash interest payments, working capital favorability and the aforementioned proceeds from early settlement of certain derivatives. Adjusted free cash flow was $60.5 million in the fourth quarter of FY2022 compared to $14.9 million in the same period a year ago. Adjusted free cash flow increased as a result of the growth in our operating cash flow described above, as well as a decrease in capital expenditures of $3.9 million year over year. For the full year, adjusted free cash flow decreased by $65.6 million, due to the operating cash flow trend described above, as well as a $15.5 million increase in capital expenditures and a $4.4 million increase in capitalized software expenditures. For our internal management reporting and budgeting we use unlevered free cash flow, which we define as adjusted free cash flow plus cash interest expense related to borrowing. The charts at the right illustrate these components on a quarterly and trailing-twelve-month basis. Adjusted Free Cash Flow & Cash Interest ($M) (Quarterly) FCF Cash Interest Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q420 Q121 Q221 Q321 Q421 Q122 Q222 Q322 Q422 Adj. FCF $34 $82 $130 ($62) $15 $12 $109 ($82) $61 Interest $30 $9 $49 $8 $51 $14 $35 $14 $35 Adjusted Free Cash Flow & Cash Interest ($M) (TTM) $244 $290 $243 $185 $166 $96 $74 $55 $100 $73 $73 $98 $96 $117 $122 $108 $114 $98 FCF Cash Interest Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Please see non-GAAP reconciliations at the end of this document. Page 12 of 39

CASH FLOW (CONTINUED) Cash Flow from Operations ($M) (Quarterly) $54 $106 $150 ($37) $46 $37 $143 $(48) $88 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Certain Cash Payments Impacting Cash Flow from Operations ($M) (Quarterly) $4 $3 $1 $— $2 $— $— $— $— $30 $9 $49 $8 $51 $14 $35 $14 $35 $34 $12 $50 $8 $53 $14 $35 $14 $35 Cash Restructuring Cash Interest Related to Borrowing Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Capital Expenditures & Capitalization of Software & Website Development Costs ($M) (Quarterly) $12 $8 $8 $6 $16 $9 $18 $16 $12 $8 $15 $12 $19 $16 $16 $16 $18 $15 $20 $23 $20 $25 $32 $25 $34 $34 $27 Capital Expenditures Capitalized Software Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Cash Flow from Operations ($M) (TTM) $338 $381 $330 $273 $265 $196 $189 $178 $220 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Certain Cash Payments Impacting Cash Flow from Operations ($M) (TTM) $9 $9 $10 $8 $7 $4 $3 $3 $— $73 $73 $98 $96 $117 $122 $108 $114 $98 $82 $82 $108 $104 $124 $126 $111 $117 $98 Cash Restructuring Cash Interest Related to Borrowing Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Capital Expenditures & Capitalization of Software & Website Development Costs ($M) (TTM) $50 $45 $39 $35 $39 $39 $48 $58 $54 $44 $46 $47 $53 $61 $62 $67 $65 $65 $94 $91 $86 $88 $100 $101 $115 $123 $119 Capital Expenditures Capitalized Software Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Please see non-GAAP reconciliations at the end of this document. Page 13 of 39

DEBT As of June 30, 2022, our total debt, net of issuance costs, was $1,685.9 million. Net debt, excluding issuance costs, other debt discounts and premiums and net of cash, cash equivalents and current and non-current marketable securities, was $1,378.4 million, down from $1,461.4 million as of March 31, 2022, as a result of adjusted free cash flow generated in the quarter as well as the receipt of $10.3 million of proceeds from the sale of assets, primarily the sale of land adjacent to one of our production facilities (presented in investing activities on the cash flow statement). Our capital structure includes significant liquid assets on our balance sheet and, therefore, we look at net leverage instead of gross leverage. The calculation of our debt- covenant-defined leverage ratio (net debt to trailing-twelve- month EBITDA) uses definitions of both debt and EBITDA that differ from the corresponding figures reported in this document. Our consolidated net leverage ratio as calculated per our credit agreement was 4.23 as of June 30, 2022, a reduction from 4.44 as of March 31, 2022. We expect to delever from the current leverage level in FY2023. Our capital structure contains a mix of fixed and variable- rate debt. In order to mitigate our exposure to interest rate changes related to our variable rate debt, we execute interest rate swap contracts to fix the interest rate on a portion of our outstanding or forecasted long-term debt with varying maturities. As of June 30, 2022, we had $1,097.3 million of variable-rate debt, and a hypothetical 100 basis point increase in rates following that date, inclusive of our outstanding interest rate swaps, would result in a $6.4 million impact to interest expense over the next 12 months. We did not repurchase any shares or bonds in Q4 FY2022 or during the full fiscal year of FY2022. Consolidated Net Leverage Ratio* 3.53 3.32 3.33 3.77 3.72 3.87 3.85 4.44 4.23 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 *Consolidated Leverage Ratio as calculated per our credit agreement definitions. Cash, Equivalents and Marketable Securities ($M) $45 $40 $37 $36 $386 $386 $406 $269 $327 $183 $193 $231 $162 $277$152 $152 $147 $96 $50$51 $40 $28 $12 Cash and equivalents Marketable securities (current) Marketable securities (non-current) Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Interest Expense Related to Borrowing ($M)* (Income Statement View) $28 $31 $30 $29 $25 $25 $24 $24 $77 $29 $48 Interest epense related to borrowing Loss on early extinguishment of debt Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 *Excludes interest expense associated with investment consideration. Please see non-GAAP reconciliations at the end of this document. Page 14 of 39

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会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探プレミアムの登録が必要です。初めての方には「30日間の無料体験」実施中！会社開示情報をすべてご覧になるには株探

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会社

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