Considering the return of profits to its shareholders as a key management issue, the Group decides its profit return policy in light of the financial conditions, business results and cash flows. We have not paid dividends, and the possibility and timing of any future payment of dividends remain uncertain.
As the Group's business is still in its growth stage, we believe that it is in the best interests of our shareholders to prioritize the retention of internal reserves with the aim of reinforcing our financial position and developing future business and thereby grow our business even further.
We will preferentially allocate internal reserves to our ongoing product development and our recruitment and development of talented individuals to strengthen our business foundation.
Our basic policy is to distribute any surplus twice a year as an interim dividend on June 30 and a year-end dividend on December 31. In addition, our Articles of Incorporation allow us to distribute any surplus by fixing an additional date of record. Our Articles of Incorporation also state that, unless otherwise stipulated, the matters set forth in the respective items of Article 459, Paragraph 1 of the Companies Act, including matters related to the dividends of surplus, shall be determined by a resolution of the Board of Directors, not by a resolution adopted at the General Meeting of Shareholders.