#Japan #Tokyo #Shareholder Benefits #MIRARTH Holdings #MIRAI for EARTH

Introduction of Shareholder Benefits Program

MIRARTH Holdings Inc. has made a significant announcement regarding the introduction of its inaugural shareholder benefits program during a board meeting held today. This initiative aims to improve returns to shareholders and enhance the overall attractiveness of its stocks in the market.

Purpose of the Program

Strengthening Returns

Recognizing shareholder returns as a key focus in its management strategy, the company has maintained a dividend policy targeting either a payout ratio of 35-40% or a dividend on equity (DOE) of 3.5%, whichever is higher. In addition to executing dividends, the company is also buying back shares to facilitate flexible returns to investors. Despite these measures, MIRARTH Holdings acknowledges that its price-to-book ratio (PBR) remains under one, emphasizing the need to further boost the investment allure of its shares.

Moreover, the investment landscape has evolved with reducing policy-held shares and an influx of individual shareholders. This shifting profile encourages the company to support stable shareholding among individual investors and enhance stock liquidity, all while adding long-term value for stakeholders.

Enhancing Dialogue with Shareholders

The newly established shareholder benefits program will be operated through the "MIRARTH Holdings Premium Benefits Club." By leveraging the database generated from member registrations, the company aims to strengthen its communication with shareholders. This includes sending promotional material, financial reports, and timely disclosure information, along with conducting surveys to gather insights for future management and investor relations activities.

Revising Previous Shareholder Benefits

Following the decision made on July 30, 2021, to terminate the prior shareholder benefits program, MIRARTH Holdings has revamped this structure. The new policy introduces a point-based system that rewards shareholders according to their stock holdings, aiming to increase the number of shareholders and improve stock liquidity.

Overview of the Shareholder Benefits Program

Eligibility

The program will cater to shareholders listed on the company's register as of September 30 each year, who hold at least 10 units (1,000 shares).

Fertility of the Program

Shareholders eligible for the benefits will receive points proportional to their stock holdings, with the point system equating to about one yen per point. With over 5,000 products ranging from premium grade food, beverages, and household appliances to experience gifts and Amazon gift cards, shareholders can select items from a dedicated website. Additionally, points can be converted to a common shareholder benefits coin called "WILLsCoin," which can be accumulated for further exchange in a broader selection of offerings, including luxury items and donations to hometown tax initiatives.

Launch Timeline

The new shareholder benefits program is scheduled to commence for stockholders listed in the registry as of September 30, 2026. Thereafter, eligible shareholders will continue to derive potential benefits annually.

Important Conditions

The points can be rolled over once if shareholders continuously hold at least 10 units under the same shareholder identification number during the annual reference date. However, if there’s a change in ownership status or a drop in holdings below the required amount prior to the cutoff date, the points will expire.

Additional Information

Eligible stockholders will receive detailed information concerning the benefits program, including available products and instructions for registering on the designated website. The website is expected to go live around December 2026. Any modifications to the program will be announced promptly.

Anticipated Impact on Financial Performance

The company anticipates that the introduction of the shareholder benefits program will have a negligible impact on its consolidated financial performance.

Conclusion

MIRARTH Holdings continues its commitment to enhancing shareholder value while promoting sustainable growth through initiatives like the new shareholder benefits program. The company's ongoing efforts reflect its dedication to balancing corporate responsibility with investor satisfaction, striving towards a sustainable and profitable future.