GREE, Inc. announced that its board of directors, at a meeting held on May 8, 2024, resolved to change its dividend policy. The Articles of Incorporation of the Company provide that the distribution of surplus shall be made by resolution of the Board of Directors, and the final decision on the distribution of surplus shall be made at the meeting of the Board of Directors to be held in August 2024. Details and Reasons for the Change in Dividend Policy: The company recognizes that the return of profits to shareholders is one of its most important management issues, and its basic policy is to implement appropriate profit return measures in accordance with the Group's
operating results, financial position and prospects at the time, while taking into consideration the enhancement of internal reserves necessary to improve business efficiency and expand operations. Based on this basic policy, the dividend policy will be changed as follows. With this change, the company will pay a more stable and continuous dividend. The revised dividend policy will take effect from the fiscal year ending June 30, 2024. Previous Policy: Maintain DOE of around 2%, consolidated dividend payout ratio of 20% or higher. Revised Policy: Maintain DOE of around 3%, consolidated dividend payout ratio of 30% or higher. (However, the company set a maximum consolidated dividend payout ratio of 70%).
Gree Inc is a Japan-based company mainly engaged in the internet media business. The Company is mainly engaged in the operation of GREE, the development and operation of app games for smartphones in Japan and overseas, as well as the operation of advertising media, and the provision of live entertainment business.
GREE, INC. 
