■Shareholder Return Measures

Currently, Neo Marketing <4196> is not implementing Dividends as a shareholder return measure. The company believes it is still in a growth phase, prioritizing investments for internal reserves, future business development, and strengthening management structure. It believes that aiming for business expansion in accordance with the medium-term management plan will lead to the maximum benefit return to shareholders. Therefore, starting from the fiscal year ending September 2024, the company has introduced a shareholder benefit program with the desire to enhance the investment attractiveness of its Stocks and to encourage more shareholding.

However, on the other hand, it recognizes that shareholder return is an important management issue, and from a medium- to long-term perspective, it aims to enhance shareholder value through the reinvestment of profits, while comprehensively considering the business environment, performance, and financial situation. To this end, starting from the fiscal year ending September 2024, it has introduced a shareholder benefit program that gifts a QUO card worth 3,000 yen to shareholders holding more than 100 shares once a year. Additionally, for the fiscal year ending September 2024, as a 25th anniversary commemorative shareholder benefit, it has decided to present a QUO card worth 2,500 yen to shareholders holding more than 100 shares. The possibility of implementing Dividends and the timing of such implementation are currently undecided, but it is commendable that the company has taken a step towards new shareholder returns.

(Written by: Fisco Guest Analyst, Nozomi Kunishige)