On the 29th, Housecom <3275> announced at the board of directors meeting held on the same day that, as stated in the separate announcement "Notice of conclusion of an equity swap agreement by Daito Trust <1878> to make the Company a wholly owned subsidiary through a simplified equity swap," it was determined to make Daito Trust the parent company through an equity swap and the Company a wholly owned subsidiary through the equity swap, and an equity swap agreement was concluded between Daito Trust and the Company. It was announced that the forecasted dividend for the fiscal year ending March 2025, disclosed on July 31, 2024, has been revised, and that no year-end dividend will be paid for the fiscal year ending March 2025, and that the shareholder benefit system will be abolished as of the fiscal year ending March 2025.
As a result of this equity swap, the Company will become a wholly owned subsidiary of Daito Trust and is scheduled to be delisted. The allocation ratio for this equity swap has been comprehensively determined based on the assumption that no year-end dividend will be paid as of the base date of March 31, 2025, resulting in the decision to modify the forecasted dividend for the fiscal year ending March 2025 and not pay a year-end dividend for the fiscal year ending March 2025.
The Company has decided to abolish the shareholder benefit system from the shareholder benefits as of the base date of March 31, 2025. As a result, the Company's shareholder benefit system will be abolished for shareholders eligible for shareholder benefits as of March 31, 2024. Regarding the treatment of Housecom Premium Benefit Club shareholder benefit points already granted to shareholders up to March 31, 2024, after the completion of this equity swap, guidance will be provided to shareholders once the handling policy is determined.