Generating cash to promote investment

●Divest over 100 billion yen in strategic shareholdings within three years; reduce to less than 15% of net assets by the end of FY2027, and pursue further reductions

●We aim to increase operating cash flow through enhanced profitability and structural reforms in the media and content businesses, and by reviewing working capital. In addition, we will flexibly consider the use of interest-bearing debt, ensuring financial stability

Business recovery and further investment in growth

●Human capital investments including fostering an environment for cultural transformation and enhancing talent development (Improve competitiveness and profitability)

●Expanding DX investments to improve work efficiency and promote digitalization (Improve competitiveness and profitability)

●By making focused investments in promising areas such as IP content, platform businesses, urban development, and tourism, and by exploring new business domains, aim to achieve medium- to long-term profit growth medium- to long-term profit growth

●Investment of 250 billion yen over 5 years planned

Improving capital efficiency and enhancing shareholder returns

●Assuming a business recovery, large-scale share repurchase is planned
      Repurchase of more than 100 billion yen worth of shares by FY2029 is expected

●Barring extraordinary circumstances, aim for a consolidated dividend payout ratio of 50% to ensure stable dividends

▼

Through improved business performance and capital profitability, aim to achieve ROE of 8% or above

Approach to capital allocation

Promote growth investments and shareholder returns by reviewing and strategically utilizing the balance sheet
⇒Aim to achieve ROE of 8% or higher and increase PBR