We formally contacted MSCI with a request for correction on October 31, 2025, upon the disclosure of the “Frequently Asked Questions and Answers” on the same day, which was the date we, as a company, officially disclosed the revenue from our amusement poker business (approximately 0.2 billion yen per year ÷ Revenue of 111.7 billion yen for the fiscal year ending on January 31, 2025 = approximately 0.1%).

However, as the incorrect information stating 5% to 9.9% is still stated at present, we are currently continuing to request the quickest possible correction.

The timeline is as follows.

October 31: GENDA formally requested MSCI for correction on the same day we disclosed the “Frequently Asked Questions and Answers.”

November 3: MSCI contacted us, stating the information provided lacked sufficient detail.

November 5: GENDA submitted monthly sales data for the amusement poker business to MSCI.

November 21: The amusement poker revenue data we had submitted was added to our company’s page on MSCI. However, the gambling revenue ratio remains listed as 5 to 9.9%.

November 21: GENDA requested MSCI to correct the erroneous gambling revenue ratio once again.

As of today: Awaiting MSCI’s response.

The incorrect listing of our amusement poker business’s revenue ratio on MSCI has resulted in a situation where some institutional investors, who otherwise would have been considering purchasing our company’s shares, are currently finding it difficult to execute purchases due to restrictions in their investment mandates.

We will strive to ensure that the capital market, including MSCI, accurately understands our company’s business activities.