Convano Increases Year-End Dividend to 1 Yen per Share as Part of Financial Strategy

Convano Increases Year-End Dividend

April 1, 2023 - Convano Inc., a prominent nail service chain known for its FASTNAIL brand, has officially announced a revision in its dividend forecast during a board meeting held today.

Revised Dividend Forecast Details

The company has updated its previous forecasts for the year-end dividend, adjusting it from 0 yen to 1 yen per share. Here’s a breakdown of the changed forecast:

Period	Previous Forecast	Revised Forecast	Actual Results	Last Year Results
---	----	---	----	------
2nd Quarter	0 yen	-	0 yen	0 yen
Year-End	0 yen	1 yen	-	0 yen
Total	0 yen	1 yen	-	0 yen

Reasons for Dividend Adjustment

The decision to increase the year-end dividend aligns with Convano's commitment to providing stable returns to its shareholders while ensuring sufficient internal reserves to support future business development and enhancements in management quality. The board carefully evaluated the current business progress and financial conditions, deciding that an increase in the dividend was feasible and aligned with the company's strategic goals.

Convano emphasizes a balanced approach, aiming to deliver profits back to shareholders while continuing to invest in sustainable growth. This dual focus is critical for the company as it aims to enhance its corporate value over time.

However, it is important to note that the dividend forecast is based on information available at the time of this announcement. Actual dividends may vary due to a multitude of factors affecting both the business environment and the company's financial performance in the future.

About Convano Inc.

Convano operates a national chain of nail salons under the FASTNAIL brand, embodying its philosophy of "creating new values and expanding opportunities." The company is not just limited to nail services but also brings expertise in digital marketing and AI system development into the beauty and lifestyle sectors. Looking ahead, Convano is set to make significant strides into the WEB3 infrastructure sector, pushing forward with aspirations to establish itself as a next-generation platform originating from Japan.

Since its inception, Convano has focused on innovations in nail service offerings, franchise management, product development, and the establishment of new business systems. The company also runs media operations under the brand name 'femedia,' further diversifying its portfolio. Through these efforts, Convano aims to solidify its presence in the industry while ensuring robust returns for its shareholders.

For more information, visit Convano's corporate website.