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Disclosure6574Convano Inc.Information and Communications, Services and Others

Notice Regarding the Discontinuation of the Shareholder Benefit Program

The shareholder benefit program will be discontinued after the benefits based on 30 September 2026, and will not be offered for benefits based on 31 March 2027 or thereafter. Discontinuation is expected to reduce expenses by approximately ¥23 million annually.

Worth reading
81Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
23
¥ million (annual expected expense reduction)
Wording
Conditional
How definitive the wording is.

Decision and Details

Board of Directors

Abolition of the shareholder benefit program

Decision24 August 2026
Period CoveredShareholder benefits based on 31 March 2027 and thereafter
ImplementationThe program will end with the benefits for shareholders recorded in the shareholder register as of 30 September 2026. The program will not be offered for shareholder benefits based on 31 March 2027 or thereafter (scheduled).
Going forwardThe shareholder benefits based on 30 September 2026 will be provided as scheduled, and the program will not be offered for shareholder benefits based on 31 March 2027 or thereafter.
AmountAnnual expenses are expected to decrease by approximately ¥23 million. The annual benefit amounts under the program to be discontinued are ¥15,000 for holdings of 1,000 or more but fewer than 2,000 shares; ¥30,000 for holdings of 2,000 or more but fewer than 3,000 shares; ¥45,000 for holdings of 3,000 or more but fewer than 4,000 shares; ¥60,000 for holdings of 4,000 or more but fewer than 5,000 shares; and ¥75,000 for holdings of 5,000 or more shares.
Quantity / scaleBenefits are provided as of each record date (the end of September and the end of March). Depending on the number of shares held, the benefits consist of Bitcoin worth ¥1,000 to ¥5,000 and one to five complimentary FASTNAIL nail service vouchers.
Reason

Following a renewed review of the appropriate form of shareholder returns, the Company determined that discontinuation would serve the interests of all shareholders.

Impact on Business Performance

From the fiscal year ending March 2027 onward, annual expenses are expected to decrease by approximately ¥23 million. However, the impact on consolidated results is expected to be immaterial.

Decision and Details
ItemDetails
Matter CoveredAbolition of the shareholder benefit program
Decision-Making BodyBoard of Directors
Decision Date24 August 2026
Implementation DateThe program will end with the benefits for shareholders recorded in the shareholder register as of 30 September 2026. The program will not be offered for shareholder benefits based on 31 March 2027 or thereafter (scheduled).
Period CoveredShareholder benefits based on 31 March 2027 and thereafter
AmountAnnual expenses are expected to decrease by approximately ¥23 million. The annual benefit amounts under the program to be discontinued are ¥15,000 for holdings of 1,000 or more but fewer than 2,000 shares; ¥30,000 for holdings of 2,000 or more but fewer than 3,000 shares; ¥45,000 for holdings of 3,000 or more but fewer than 4,000 shares; ¥60,000 for holdings of 4,000 or more but fewer than 5,000 shares; and ¥75,000 for holdings of 5,000 or more shares.
Quantity / scaleBenefits are provided as of each record date (the end of September and the end of March). Depending on the number of shares held, the benefits consist of Bitcoin worth ¥1,000 to ¥5,000 and one to five complimentary FASTNAIL nail service vouchers.
Impact on Business PerformanceFrom the fiscal year ending March 2027 onward, annual expenses are expected to decrease by approximately ¥23 million. However, the impact on consolidated results is expected to be immaterial.
ReasonFollowing a renewed review of the appropriate form of shareholder returns, the Company determined that discontinuation would serve the interests of all shareholders.
Related previous disclosuresNotice Regarding the Expansion of the Shareholder Benefit Program dated 23 March 2026
Future plansThe shareholder benefits based on 30 September 2026 will be provided as scheduled, and the program will not be offered for shareholder benefits based on 31 March 2027 or thereafter.
Items this document does not state (1)
Governing Rule

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Following a renewed review of the appropriate form of shareholder returns, the Company determined that discontinuing the shareholder benefit program and focusing primarily on dividends and share repurchases going forward would serve the interests of all shareholders.

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Notice Regarding the Discontinuation of the Shareholder Benefit Program | Convano Inc. (6574) timely disclosure | Komori