As of March 31, 2026
Lifenet's Articles of Incorporation stipulates that a decision on the distribution of retained earnings as specified in each Item of Paragraph 1, Article 459 of the Companies Act can be made by a resolution of the Board of Directors, except as otherwise determined by law.
Although we intend to consider implementing measures to provide shareholder return that include payment of dividends from future retained earnings, Lifenet has yet to determine its specific dividend policies and dates for the start of distributing retained earnings as dividends. This is primarily because we still have a cumulative loss under Japanese GAAP and prioritize strengthening our growth base to increase medium-to long-term profitability. Going forward, we will continue to effectively utilize capital for growth initiatives such as rebranding, developing new products and services leveraging technology, and strengthening collaborations with business partners, as well as for investing in systems. Through these efforts, we will strive to expand our business and generate profits. We have voluntarily adopted IFRS in our consolidated financial statements since fiscal 2023 ended March 31, 2024, however, distribution of retained earnings is based on non-consolidated financial statements in accordance with Japanese GAAP.