In conclusion, as this figure is incorrect, we will request MSCI to correct this figure based on this timely disclosure.

We have no gambling-related sales to begin with. Even if our amusement poker business were deemed to fall under that category, it would only account for 0.1% of consolidated revenue. Please let us provide the details below.

Currently, MSCI states that our gambling revenue exposure accounts for “5 to 9.99%” of consolidated revenue. Due to this classification, we have been advised by certain institutional investors that they are unable to purchase our shares.

Upon contacting MSCI, we learned that our amusement poker room (GiGO POKER) was deemed to be equivalent to gambling, and since the revenue from GiGO POKER was not clearly disclosed, they provisionally classified our gambling revenue exposure as “5 to 9.99%.”

MSCI requested that public disclosure of the relevant data was necessary to reflect a correction in the ratio.

In response, we have explicitly stated this ratio through this timely disclosure.

The sales ratio of our amusement poker room to our consolidated revenue is approximately “0.1%”

(Annual amusement poker room revenue of approximately 0.2 billion yen ÷ Revenue for the fiscal year ending on January 31, 2025 of 111.7 billion yen = approximately 0.1%)

Furthermore, we anticipate sales of approximately 200.0 billion yen for the next fiscal year, which will cause this ratio to decline even further.

With this disclosure, we will promptly proceed with the formal procedures to request MSCI to correct the classification once again. Once this correction is implemented, we will approach institutional investors again who were restricted from purchasing our shares due to investment mandate constraints.

As a prerequisite, please kindly note that our “GiGO POKER” is operated strictly in compliance with relevant Japanese laws as an amusement facility. We do not engage in any exchange of cash or equivalents that would constitute gambling, and therefore our business does not fall under the category of “gambling.”

(For reference) MSCI Inc. is a company that manages indices, such as the “MSCI All Country World Index,” which are adopted globally investors and mutual funds as investment management standards. The total assets currently benchmarked to MSCI indices boast approximately 18.3 trillion U.S. dollars (around 2,745 trillion yen).