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:			January 25, 2023

__________________________________________

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。)

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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

2023年1月25日、Cimpress plcは、2022年12月期第2四半期決算の発表および説明を行う「2023年度第2四半期決算説明資料」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る場合を除き、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						2023年1月25日付 2023年度第2四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以下の署名者によって、この報告書が登録者のために署名されたことを正式に認めます。


January 25, 2023			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 q2_fy23quarterlyearnings.htm EX-99.1 q2_fy23quarterlyearnings

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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 ALL OTHER BUSINESSES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 CENTRAL AND CORPORATE COSTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 CURRENCY IMPACTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 FINANCIAL STATEMENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 BALANCE SHEET . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 INCOME STATEMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 CASH FLOW STATEMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 ABOUT NON-GAAP MEASURES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 NON-GAAP RECONCILIATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 ABOUT CIMPRESS, SAFE HARBOR STATEMENT AND CONTACT INFORMATION . . . . . . . . . . . . . . . . . . . . . . . . . . 35 Page 2 of 35

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). 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. 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 35

LETTER FROM ROBERT JANUARY 25, 2023 Dear Investor, Our second quarter financial results were mixed. Year-over-year currency impacts dampened reported revenue. Total revenue grew in constant currencies across all segments including growth in revenue from new customers in the Vista business; however, constant-currency revenue from consumer products during this seasonally important quarter was down slightly. All of Cimpress' businesses continued to adjust pricing in the second quarter to partially mitigate the year-over-year increased cost of raw materials, energy and labor that accelerated in the back half of last fiscal year. The tables below show the year-over-year change in quarterly and year-to-date revenue and gross profit by segment for Q2 FY2023: Change Q2 FY2023 versus Q2 FY2022 Revenue Gross Profit Segment: Reported Organic Constant Currency Reported Constant Currency Vista (2)% 2% (13)% (10)% PrintBrothers 8% 18% 11% 23% The Print Group (1)% 11% (10)% 1% National Pen (3)% 3% (6)% 3% All Other Businesses 4% 3% 3% 3% Total (1)% 5% (8)% (3)% Change YTD Q2 FY2023 versus YTD Q2 FY2022 Revenue Gross Profit Segment: Reported Organic Constant Currency Reported Constant Currency Vista 1% 5% (8)% (5)% PrintBrothers 7% 20% 7% 20% The Print Group 2% 17% (8)% 6% National Pen 4% 11% 4% 14% All Other Businesses 6% 6% 4% 4% Total 3% 9% (4)% 2% As expected, the impact of cost inflation (net of our own pricing increases) continues to weigh on year-over-year profitability. In Vista, unfavorable product mix shift was also a significant contributor to a year-over-year reduction in gross margin. During the second quarter, we put in place further operating cost containment measures that helped offset some of the year-over-year decline in gross profit. In the second quarter we paid $95.6 million to acquire noncontrolling interests in our businesses, including the settlement of the put option for over 90% of the noncontrolling interest in the businesses in our PrintBrothers segment, which has been our fastest growing segment with expanding profitability and attractive free cash flow conversion. The remaining noncontrolling interest in PrintBrothers represents approximately 1% of these businesses. Net Leverage and Earnings Outlook We maintained ample liquidity of $213.5 million in cash and marketable securities at December 31, 2022. Net leverage of 5.52 times trailing-twelve-month EBITDA as defined by our credit facility was higher sequentially as expected including the impact of the non-controlling interest payments. We remain committed to reducing our net leverage through a combination of increased profits and lower net debt. Organic constant-currency revenue growth in January has accelerated above the year-to-date Q2 FY2023 consolidated growth rate, but we will not rely on revenue growth alone to drive profit improvements. Over the remainder of the fiscal year, we plan to take further steps to significantly reduce our cost base in support of expanding profitability as we exit the fiscal year. In light of anticipated cost reduction measures, we expect that in Please see non-GAAP reconciliations at the end of this document. Page 4 of 35

FY2024 we will be able to return to our prior fiscal year high adjusted EBITDA of $400 million that we reported in FY2020. This, combined with expected free cash flow generation, would bring net leverage levels to approximately 3.5x or below. We will provide further details on the steps we are taking to support this profitability and net leverage improvement in our mid-year strategy update in March. We continue to execute against our operational and strategic priorities, and we are encouraged by both our strong revenue growth in Upload and Print (the businesses in our PrintBrothers and The Print Group segments) and by the underlying improvement to our capabilities in Vista and our other businesses. The investments we have made over the past years have given us the talent, capabilities and competitive advantages to significantly improve the value that we deliver to our customers. Vista CEO Transition We are now four years into Vista’s transformation journey, and we have made substantial progress in multiple dimensions. We have established Vista's North Star vision to become the expert design and marketing partner for small business and laid the groundwork to improve our design and service capabilities. We have reduced discount- intensity, elevated our brand, and expanded our value proposition to higher-value customers. We have migrated to a new tech stack and built world-class data capabilities. And we have defined the cultural behaviors that must shape the way we work together effectively. We still have more progress to make, including harvesting financial returns from our investments, but the foundations of this business are strong while the opportunity that lies ahead for Vista, and Cimpress, remains vast. That is why, after four years in a dual role as CEO of both Vista and Cimpress, I am excited to announce that Florian Baumgartner will succeed me as Vista's CEO, effective February 1. I will retain my roles as Cimpress' chairman of the board and CEO. Florian's passion and experience are founded on customer obsession and a desire to create products that customers love. I value Florian for the high bar that he holds for himself and his teams, in particular around talent and execution, and I have found him to be genuinely invested in the personal well-being and professional success of everyone he works with. These behaviors align well with the leadership style Vista needs moving forward. Florian joined Vista and the Vista Executive Team in October 2019. During his tenure he has overseen country teams and manufacturing operations outside of North America, Vista's promotional products business, customer care, and its recent acquisitions in Design & Service, including Depositphotos, VistaCreate and 99designs by Vista. Prior to joining Cimpress, Florian held various leadership roles at Amazon where he helped develop and scale the European Retail and International Fresh businesses. Prior to that, Florian was a strategy consultant at McKinsey & Company, supporting retailers and fast-moving consumer goods companies in growth and efficiency initiatives. Florian holds a PhD in Innovation Management. I expect Florian and the Vista executive team will continue consistently improving the value we deliver to customers while returning Vista's profitability to its prior highs and beyond. We look forward to sharing more about Vista's continued progress during the Cimpress-wide mid-year strategy update call with investors, which we plan to host via video conference on March 21, 2023. In the meantime, Sean and I look forward to taking your questions about our financial results on our public earnings call tomorrow, January 26, 2023 at 8:00 am ET, which you can join using the link on the events section of ir.cimpress.com. You may presubmit questions by emailing ir@cimpress.com, and you may also ask questions via chat during the live call. Sincerely, Robert S. Keane Founder, Chairman & CEO Please see non-GAAP reconciliations at the end of this document. Page 5 of 35

SUMMARY CONSOLIDATED RESULTS: THREE-YEAR TREND $ in thousands, except percentages REVENUE BY REPORTABLE SEGMENT, TOTAL REVENUE AND INCOME FROM OPERATIONS: Q2 FY2021 Q2 FY2022 Q2 FY2023 YTD FY2021 YTD FY2022 YTD FY2023 Vista $ 431,076 $ 448,114 $ 437,736 $ 760,367 $ 797,594 $ 807,105 PrintBrothers 121,806 137,694 148,598 221,918 263,051 281,297 The Print Group 76,204 90,130 89,336 142,641 162,950 166,159 National Pen 114,692 124,717 120,621 182,341 193,981 202,287 All Other Businesses 55,365 57,719 59,998 98,843 105,590 111,825 Inter-segment eliminations (18,239) (8,658) (11,087) (38,706) (15,851) (20,056) Total revenue $ 780,904 $ 849,716 $ 845,202 $ 1,367,404 $ 1,507,315 $ 1,548,617 Reported revenue growth (5) % 9 % (1) % (6) % 10 % 3 % Organic constant currency revenue growth (9) % 9 % 5 % (10) % 9 % 9 % Income from operations $ 94,194 $ 85,981 $ 33,578 $ 130,180 $ 102,920 $ 15,611 Income from operations margin 12 % 10 % 4 % 10 % 7 % 1 % EBITDA (LOSS) BY REPORTABLE SEGMENT ("SEGMENT EBITDA") AND ADJUSTED EBITDA: Q2 FY2021 Q2 FY2022 Q2 FY2023 YTD FY2021 YTD FY2022 YTD FY2023 Vista1 $ 110,554 $ 90,766 $ 55,157 $ 199,934 $ 157,686 $ 85,894 PrintBrothers 16,457 18,605 19,509 26,172 34,888 34,500 The Print Group 12,569 16,358 13,681 24,752 30,747 25,901 National Pen 18,728 31,599 24,783 8,057 23,551 23,486 All Other Businesses 10,657 6,264 5,406 19,266 11,155 11,584 Total segment EBITDA $ 168,965 $ 163,592 $ 118,536 $ 278,181 $ 258,027 $ 181,365 Central and corporate costs (28,713) (32,802) (35,569) (57,806) (65,825) (71,104) Unallocated share-based compensation (494) (1,901) 1,767 (1,644) (3,031) 2,724 Exclude: share-based compensation expense1 5,243 12,505 11,547 13,526 23,511 22,022 Include: Realized gains (losses) on certain currency derivatives not included in segment EBITDA (1,578) 674 14,901 (361) (2,998) 21,770 Adjusted EBITDA $ 143,423 $ 142,068 $ 111,182 $ 231,896 $ 209,684 $ 156,777 Adjusted EBITDA margin 18 % 17 % 13 % 17 % 14 % 10 % Adjusted EBITDA year-over-year (decline) growth 11 % (24) % (22) % 25 % (10) % (25) % 1 SBC expense listed above excludes the portion included in restructuring-related charges to avoid double counting. CASH FLOW AND OTHER METRICS: Q2 FY2021 Q2 FY2022 Q2 FY2023 YTD FY2021 YTD FY2022 YTD FY2023 Net cash provided by operating activities $ 150,487 $ 143,344 $ 81,126 $ 256,168 $ 179,911 $ 55,875 Net cash (used in) investing activities (55,593) (64,100) (5,526) (76,677) (77,281) (106,569) Net cash (used in) financing activities (99,775) (39,006) (100,935) (191,754) (49,357) (112,715) Adjusted free cash flow 130,439 108,934 52,478 212,933 121,238 139 Cash interest related to borrowing 49,221 35,329 35,760 58,299 49,687 50,820 Please see non-GAAP reconciliations at the end of this document. Page 6 of 35

SUMMARY CONSOLIDATED RESULTS: THREE-YEAR TREND (CONTINUED) $ in thousands, except where noted COMPONENTS OF ADJUSTED FREE CASH FLOW: Q2 FY2021 Q2 FY2022 Q2 FY2023 YTD FY2021 YTD FY2022 YTD FY2023 Adjusted EBITDA $ 143,423 $ 142,068 $ 111,182 $ 231,896 $ 209,684 $ 156,777 Cash restructuring payments (1,446) (244) (1,896) (3,961) (244) (9,827) Cash taxes (4,639) (8,058) (6,909) (4,991) (15,825) (11,166) Other changes in net working capital and other reconciling items* 62,370 44,907 14,509 91,523 35,983 (29,089) Purchases of property, plant and equipment (8,407) (17,915) (14,732) (16,790) (26,539) (26,490) Capitalization of software and website development costs (11,641) (16,495) (13,916) (26,445) (32,134) (29,246) Adjusted free cash flow before cash interest related to borrowing $ 179,660 $ 144,263 $ 88,238 $ 271,232 $ 170,925 $ 50,959 Cash interest related to borrowing (49,221) (35,329) (35,760) (58,299) (49,687) (50,820) Adjusted free cash flow $ 130,439 $ 108,934 $ 52,478 $ 212,933 $ 121,238 $ 139 Q2 FY2023 COMPONENTS OF ADJUSTED FREE CASH FLOW ($M) $111.2 ($1.9) ($6.9) $14.5 ($14.7) ($13.9) $88.2 ($35.8) $52.5 Adjusted EBITDA Restructuring payments Cash taxes Other NWC changes & other items Capital expenditures Capitalization of software Adjusted FCF before interest related to borrowing Cash interest related to borrowing Adjusted FCF YTD Q2 FY2023 COMPONENTS OF ADJUSTED FREE CASH FLOW ($M) $156.8 ($9.8) ($11.2) ($29.1) ($26.5) ($29.2) $51.0 ($50.8) $0.1 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 35

SUMMARY CONSOLIDATED RESULTS: QUARTERLY TREND $ in millions, except percentages and share data Revenue & Reported Revenue Growth (Decline) (1) $781 $573 $635 $658 $850 $657 $723 $703 $845 (5)% (4)% 48% 12% 9% 15% 14% 7% (1)% Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Cash Flow from Operations $150 $(37) $46 $37 $143 ($48) $88 $(25) $81 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Organic Constant-Currency Revenue Growth (Decline) (9)% (10)% 38% 9% 9% 17% 19% 14% 5% Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Adjusted Free Cash Flow & Cash Interest Adj. FCF Cash Interest Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q221 Q321 Q421 Q122 Q222 Q322 Q422 Q123 Q223 Adj. FCF $130 ($62) $15 $12 $109 ($82) $61 ($52) $52 Interest $49 $8 $51 $14 $35 $14 $35 $15 $36 (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 35

SUMMARY CONSOLIDATED RESULTS: QUARTERLY TREND (CONTINUED) $ in millions, except percentages and share data GAAP Operating Income (Loss) & Adjusted EBITDA $94 ($16) $9 $17 $86 ($28) ($27) ($18) $34 $143 $55 $62 $68 $142 $34 $38 $46 $111 GAAP OI (Loss) Adjusted EBITDA Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Net Debt (1) ($1,278)($1,348) ($1,379)($1,366)($1,333) ($1,461)($1,378)($1,427) ($1,494) Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 ($M) Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Cash / equivalents $ 37 $ 36 $ 183 $ 193 $ 231 $ 162 $ 277 $ 132 $ 111 Marketable securities $— $— $203 $192 $175 $108 $50 $124 $102 HY notes ($600) ($600) ($600) ($600) ($600) ($600) ($600) ($600) ($600) 2nd lien notes ($300) ($300) $— $— $— $— $— $— $— Term loans ($144) ($143) ($1,152) ($1,140) ($1,129) ($1,121) ($1,097) ($1,076) ($1,100) Revolver ($260) ($329) $— $— $— $— $— $— $— Other debt ($11) ($13) ($13) ($11) ($10) ($9) ($8) ($7) ($7) Net debt ($1,278) ($1,348) ($1,379) ($1,366) ($1,333) ($1,461) ($1,378) ($1,427) ($1,494) Net Income (Loss) Attributable to Cimpress $32 ($39) ($68) ($7) $55 ($72) ($31) ($25) ($140) Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2FY23 Weighted Average Shares Outstanding (Millions) (2) 26.0 26.0 26.0 26.1 26.1 26.1 26.1 26.2 26.2 26.4 26.0 26.0 26.1 26.4 26.1 26.1 26.2 26.2 Basic Diluted Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 (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 35

INCOME STATEMENT HIGHLIGHTS Our reported revenue declined 1% for Q2 and organic constant-currency revenue grew 5%. Though we grew revenue on a constant-currency basis in each segment, slight declines in consumer product sales weighed down overall growth rates in Vista and BuildASign. We recorded GAAP operating income of $33.6 million versus operating income of $86.0 million in the year-ago period. Gross profit decreased $36.0 million (see commentary below), advertising increased by $5.1 million and we incurred $11.2 million of restructuring expense, largely driven by losses on assets held for sale related to our Q4 FY2022 announcement to exit our businesses in Japan and China. Adjusted EBITDA for Q2 FY2023 was $111.2 million, down $30.9 million from $142.1 million in Q2 FY2022 as most of the items described in operating income above also influence adjusted EBITDA (with the exception of restructuring expenses 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 Q2 FY2023 by about $6.5 million. GAAP net (loss) income per diluted share for the second quarter was $(5.34), versus $2.08 in the same quarter a year ago. In addition to the operating income decline, we recognized a significant non-cash tax expense, driving the majority of the decrease in net income, due to recording a valuation allowance against deferred tax assets in our Swiss legal entity of $116.7 million. This is a reversal of a benefit we recorded in FY2020. We can still utilize these deferred tax assets in future years with increased profitability in this entity. We also saw a year-over-year impact from the net effect of realized currency gains and unrealized currency losses in other income (expense), net (details on page 22). Q2 FY2023 interest expense was down slightly year over year. (continued on next page) Revenue & Reported Revenue Growth (Decline) $781 $573 $635 $658 $850 $657 $723 $703 $845 (5)% (4)% 48% 12% 9% 15% 14% 7% (1)% Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Organic Constant-Currency Revenue Growth (Decline) (9)% (10)% 38% 9% 9% 17% 19% 14% 5% Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 GAAP Operating Income (Loss) ($M) & Margin (%) (Quarterly) $94 ($16) $9 $17 $86 ($28) ($27) ($18) $34 12% (3)% 1% 3% 10% (4)% (4)% (3)% 4% Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Adjusted EBITDA ($M) & Margin (%) (Quarterly) $143 $55 $62 $68 $142 $34 $38 $46 $111 18% 10% 10% 10% 17% 5% 5% 7% 13% Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Please see non-GAAP reconciliations at the end of this document. Page 10 of 35

INCOME STATEMENT HIGHLIGHTS (CONTINUED) Gross profit (revenue minus the cost of revenue) decreased year over year by $36.0 million in the second quarter of which approximately $22 million was due to the unfavorable impact of currency fluctuations which is offset elsewhere including through our hedging gains. The remainder of the decrease was driven by significant increased material, energy and labor costs, partially offset by pricing increases and volume growth. Gross margin (revenue minus the cost of revenue expressed as a percent of revenue) in the second quarter was 46.1%, down 400 bps compared to Q2 FY2022. In addition to the decrease in gross profit dollars year over year, there was a meaningful margin impact of inflationary pressure on input costs as well as product mix shifts particularly in Vista where consumer products declined slightly and lower margin categories like promotional products, apparel and gifts (PPAG) experienced strong growth. Contribution profit (revenue minus the cost of revenue, advertising and payment processing) decreased year over year by $40.4 million in the second quarter. In addition to the decreased gross profit described above (including currency impact), advertising expense increased modestly from $111.2 million in Q2 FY2022 to $116.2 million in Q2 FY2023. Vista was the largest contributor to increased advertising due to its full funnel advertising testing, which is discussed in the Vista section of this document on page 15. Contribution margin (revenue minus the cost of revenue, the cost of advertising and payment processing, expressed as a percent of revenue) in the second quarter was 30.6%, down from 35.2% in the same quarter a year ago with the decline in gross margin. Advertising as a percent of revenue increased year over year for the second quarter from 13.1% to 13.8% due to planned year-over-year increases in Vista. GAAP Operating Income & Adj. EBITDA ($M) (TTM) $39 $111 $124 $104 $96 $84 $47 $12 ($40) $367 $351 $349 $328 $327 $306 $281 $259 $228 TTM OI TTM Adj EBITDA Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Gross Profit ($M) & Gross Margin (%) $400 $277 $311 $319 $426 $310 $340 $326 $390 51.2% 48.3% 49.0% 48.5% 50.1% 47.1% 47.1% 46.3% 46.1% Gross Profit Gross Margin % Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2FY23 Contribution Profit ($M) & Contribution Margin (%) $286 $189 $212 $219 $299 $201 $215 $204 $259 36.7% 33.0% 33.4% 33.2% 35.2% 30.6% 29.7% 29.0% 30.6% Contribution Profit Contribution Margin % Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2FY23 Please see non-GAAP reconciliations at the end of this document. Page 11 of 35

CASH FLOW We generated $81.1 million of cash from operations in Q2 FY2023, compared to $143.3 million in the year-ago period. In addition to the $30.9 million decrease to adjusted EBITDA described on page 10, working capital was less favorable than the prior year driven by movements in accounts payable and accrued expenses relative to the year ago period, which were influenced by a lower sequential increase in advertising spend. Cash restructuring payments were $1.7 million higher than the year-ago period, cash interest payments were just $0.4 million higher than the year-ago period despite rising interest rates, and cash tax payments were $1.1 million lower. As described last quarter, during Q1 FY2023, we built up safety stock inventory ahead of the seasonal peak and also to mitigate risk of material shortages in Europe connected to potential energy disruption. During Q2 FY2023 we began to work that inventory down as planned, leading to cash inflows for inventory of $10.2 million when typically during our seasonally strong Q2, we would have cash outflows for inventory. We expect to further reduce inventory levels throughout H2 FY2023. We expect that this, combined with lower advertising accruals as of December 31, 2022, will drive lower cash outflows during Q3 FY2023 than we have experienced in recent years in the third quarter following a seasonal peak. Adjusted free cash flow was $52.5 million in the second quarter of FY2023 compared to $108.9 million in the same period a year ago. Adjusted free cash flow decreased as a result of the decline in our operating cash flow described above, partially offset by a decline of $3.2 million in capital expenditures year over year, and a decline of $2.6 million in capitalized software expense. For our internal management reporting and budgeting we use unlevered free cash flow, which we define as adjusted free cash flow plus cash interest expense related to borrowing. The charts at the right illustrate these components on a quarterly and trailing-twelve-month basis. Adjusted Free Cash Flow & Cash Interest ($M) (Quarterly) FCF Cash Interest Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q221 Q321 Q421 Q122 Q222 Q322 Q422 Q123 Q223 Adj. FCF $130 ($62) $15 $12 $109 ($82) $61 ($52) $52 Interest $49 $8 $51 $14 $35 $14 $35 $15 $36 Adjusted Free Cash Flow & Cash Interest ($M) (TTM) $243 $185 $166 $96 $74 $55 $100 $36 $(21) $98 $96 $117 $122 $108 $114 $98 $99 $99 FCF Cash Interest Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Please see non-GAAP reconciliations at the end of this document. Page 12 of 35

CASH FLOW (CONTINUED) Cash Flow from Operations ($M) (Quarterly) $150 $(37) $46 $37 $143 $(48) $88 $(25) $81 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Certain Cash Payments Impacting Cash Flow from Operations ($M) (Quarterly) $1 $— $2 $— $— $— $— $8 $2 $49 $8 $51 $14 $35 $14 $35 $15 $36 $50 $8 $53 $14 $35 $14 $35 $23 $38 Cash Restructuring Cash Interest Related to Borrowing Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Capital Expenditures & Capitalization of Software & Website Development Costs ($M) (Quarterly) $8 $6 $16 $9 $18 $16 $12 $12 $15 $12 $19 $16 $16 $16 $18 $15 $15 $14 $20 $25 $32 $25 $34 $34 $27 $27 $29 Capital Expenditures Capitalized Software Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Cash Flow from Operations ($M) (TTM) $330 $273 $265 $196 $189 $178 $220 $158 $96 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Certain Cash Payments Impacting Cash Flow from Operations ($M) (TTM) $10 $8 $7 $4 $3 $3 $— $8 $10 $98 $96 $117 $122 $108 $114 $98 $99 $99 $108 $104 $124 $126 $111 $117 $98 $107 $109 Cash Restructuring Cash Interest Related to Borrowing Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Capital Expenditures & Capitalization of Software & Website Development Costs ($M) (TTM) $39 $35 $39 $39 $48 $58 $54 $57 $54 $47 $53 $61 $62 $67 $65 $65 $65 $62 $86 $88 $100 $101 $115 $123 $119 $122 $116 Capital Expenditures Capitalized Software Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Please see non-GAAP reconciliations at the end of this document. Page 13 of 35

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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

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