Noncompliance with E-Sports-Related Laws and Regulations and Regulatory Tightening

「To comply with these laws and regulations, the General Affairs Department takes the lead in coordinating with each department to establish business practices that do not violate applicable laws and regulations. The Company also maintains a system for continuously gathering information on amendments and repeals of relevant laws and regulations and coordinating with outside legal counsel as appropriate.」

「To comply with these laws and regulations, the General Affairs Department takes the lead in coordinating with each department to establish business practices that do not violate applicable laws and regulations. The Company also maintains a system for continuously gathering information on amendments and repeals of relevant laws and regulations and coordinating with outside legal counsel as appropriate.」

「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」

「We sometimes outsource the production of esports tournaments and other activities, and some of these transactions are subject to the Act on the Properization of Subcontracting Transactions by Small and Medium-Sized Enterprises.」

「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」

「The esports industry in which our group operates is subject to regulations under the Act against Unjustifiable Premiums and Misleading Representations, the Act on Control and Improvement of Amusement Business, etc., and the Penal Code (gambling offenses). Users' personal information is also subject to the Act on the Protection of Personal Information. We sometimes outsource the production of esports tournaments and other activities, and some of these transactions are subject to the Act against Delay in Payment of Subcontract Proceeds, Etc. to Subcontractors.」

「During the six-month period ended in the second quarter, there was no new business risk or material change in the business risks described in the annual securities report for the previous consolidated fiscal year.」

「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」

「We sometimes outsource the production of esports tournaments and other activities, and some of these transactions are subject to the Act against Delay in Payment of Subcontract Proceeds, Etc. to Subcontractors.」

「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」

「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」

「During the cumulative first-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

「The esports industry in which we operate is subject to regulations under the Act against Unjustifiable Premiums and Misleading Representations, the Act on Control and Improvement of Amusement Business, etc., and the Penal Code (gambling offenses). Users' personal information is also subject to the Act on the Protection of Personal Information.」