We will use all means at our disposal to maintain a good relationship with our shareholders and investors and continue our efforts to enhance our enterprise value and equity value. On this basis, we ask for the continued understanding and support of all our stakeholders. The following is based on the answers to the above questions in the minutes of the financial results briefing. We include it in this monthly FAQs as well to inform everyone.

With a background of having established a certain strategy as a M&A enterprise and entering a new growth phase to execute this cycle toward the future, GENDA has decided to change to the most appropriate management structure from the viewpoint of executing the cycle at the fastest speed.

As a result, we have decided that Mai Shin will step down as Representative Director and President at the next General Meeting of Shareholders, to be succeeded by Nao Kataoka, the co-founder of the company, and at the same time, Taiju Watanabe, incumbent Director CFO, and Kohei Habara, incumbent Director CSO, will be appointed as Managing Director.

Shin, who is Representative Director, recognizes that it is important to avoid making the organization rigid and metabolize the management structure to grow sustainably and increase the enterprise value. She has believed from a long-term perspective that it is important to promote the transfer of the management at the right timing for the development of an organization.

At the start of the third fiscal year after we went public in July 2023, while the M&A pipeline is the largest ever in terms of value and further acceleration of growth is anticipated under the unchanged strategy, she believed that we should change the leadership in the time of business strength.

With both the business environment and performance in very good shape, she decided to change President to Kataoka, her co-founder, at this timing, and pass the torch to Watanabe and Habara, who have been leading the whole company and GENDA’s growth in line with Kataoka, and provide rearguard support to the management as a director.

Under the new structure with Kataoka as Representative Director and President, we will once again seriously aim to become the world’s No. 1 entertainment company by 2040.

This definition of the world’s No. 1 entertainment company aims to be the world’s No.1 in the entertainment industry in terms of revenue, EBITDA, market capitalization, and all their indicators.

GENDA ended its seventh fiscal year in very good shape, both in terms of organic growth and M&A growth. We believe that we have been able to embody the conglomerate premium of the entertainment industry, where the entertainment is contiguous, and the same group management can grow through synergies rather than stand alone.

Besides, the entertainment industry has also grown in tandem with the increase in human leisure time, in which Japan’s world-class anime IP culture has taken root globally.

In the future, many Japanese entertainment companies will not fight domestically in Japan but will work together in the same direction and spread their wings to the world.

GENDA is now playing the role of a platform, which is the bridge, through roll-up M&A. In the mid- to long-term, we seriously aim to become a leading entertainment company in Japan, including the IP field, and ultimately to become the world’s No. 1entertainment company originating from Japan.

With 15 years to go until 2040, we will do our utmost to make life more fun for your days. We would be very grateful if you could kindly support us in the long term.