Marketing Technology & AI Company
Financial results for the fiscal year ending March 2024
May. 14, 2024

Company Profile

Name

Geniee, Inc.

Description Advertising Platform Business
Marketing SaaS Businessof Business Overseas Business

617 (end of March 2023)

Date ofApril 14, 2010
Establishment

location

6-8-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo
Sumitomo Fudosan Shinjuku Oak Tower 5/6F

Paid-in
Capital1,553Million Yen

representativePresident & CEO: Tomoaki Kudo

Fiscal year
end

March

officer

director
Koichi Machida (external)
Director, Audit & Supervisory Committee Member
Katsuyuki Toritani (full-time, external)
Yukio Todoroki (external)
Yoshitaka Sasaki (external)

1

Number of
Employees© Geniee, Inc.

Group
Companies

CATS Inc.
JAPAN AI Inc.
Zelto, Inc.
Geniee International Pte., Ltd.
Geniee Vietnam Co., Ltd.
PT. Geniee Technology Indonesia
PT. Adstars Media Pariwara

Introduction of the Representative Director
President & CEO

Tomoaki Kudo

● Graduate School of Science and Engineering, Waseda University Student
entrepreneurship while studying computer science at the same time.
● After graduating, he joined Recruit Holdings Co., Ltd..
Launched a 1 billion yen business in the business development office.

Career Step
Student
Entrepreneurship

Recruit Holdings
Co., Ltd.
Joined© Geniee, Inc.

GENIEE
Entrepreneurship(April 2010)

Establishment ofoverseas bases(April 2012)

Initial listing of Mothers(December 2017)

Status of Shareholders (as of the end of March 2024)
Shareholders

Status of Major Shareholders
Number of Shares
Held (Shares)

Shareholding
ratio (%)

Tomoaki Kudo (President & CEO)6,544,400

36.43

SoftBank Corp.

5,625,000

31.31

Daisuke Gomi

518,500

2.89

Nice Satis Fine Limited

402,000

2.24

Takuya Yoshimura

385,300

2.14

Japan Custody Bank, Ltd. (Trust
Account)

268,700

1.50

Hiroshi Hirose

226,500

1.26

Seibun Kanazawa

100,000

0.56

Ueda Yagi Tanshi Corporation

95,9000.53

BNYMSA／
NVFORBNYMFORBNYMGCMCLIENTA
CCTSMILMFE

85,764

0.48

Name of Shareholder

3© Geniee, Inc.

Foreigncorporations, etc.
4.1%

The officers ofGeniee36.5%

Other Corporations
32.7%

Financial
instruments brokers
0.6%

Financial
Institutions
1.5%

Individuals andOthers
24.7%

Purpose

Business Purpose
The world view realized by Geniee's products and services

Creating a world where everyone can succeed in marketing

Corporate Purpose
Long-term goals of the organization・Existential significance

Becoming a global technology company from Japan,
Contributing to Japan and Asia

© Geniee, Inc.

What the Geniee Group is aiming forState-of-the-art
AI Technology

・The Geniee Group provides comprehensive support for solving
increasingly complex and sophisticated marketing issues.
・Lowering the hurdles for marketing and providing high-valueadded products and services that utilize the latest AI technology
Aiming for a world where companies can spread the word moresmoothly to society

Automating and streamlining operations
Cross-product collaboration
Business
Issues

Ad Revenue
Optimization

Ad Effectiveness
Optimization

Measurement of
Effectivenessadvertisement

data
analysis

Everyone in Marketing
A world where you can succeed

data
accumulation

Organizational and System Issues
Data
Visualization

Securing and training
human resources

Data
Centralization

Using multiple
systems together

Cost control

Contents &marketing

One Stop
platform

High cost performance

Nurturing
Diverse Product Areas5

data
cooperation

Customermanagement

Customer SuccessStandardization andEfficiency of Sales© Geniee, Inc.

Utilization of the latest
AI technology

Automating and streamlining
operations

Business Domains
It provides companies withadvertisement

Data Accumulation

Customer management

Data Integration

Data Analytics

convenient and cost-effective
marketing solutions, and delivers
highly accurate marketing tousers through the enterprise.
State-of-the-art generative AI
development improves the valueof products to customers.
Moving forward to a world where
everyone can succeed inmarketing.

State-of-the-art generative AI solutions

cognition

6© Geniee, Inc.

site
visit

comparison
study

reservation
visit

purchase

Repurchasetermination
prevention

excellent
Customerization

Business Portfolio andConsolidated Gross Profit

Gross profit

61hundred million yen

In fiscal 2016, our main business,

2023/4Marketing SaaS Business

GENIEE SSP, became one of the2022/7*largest in Japan.

2022/2

In 2016, we started providing SaaS
products and expanded our business

2022/1*

while conducting M&A.

2021/11The overseas business began toexpand in 2012, and the acquisition

2021/7*Advertising Platform
Businessof Zelto in 2023 significantly

2020/11

increased the proportion of overseas

2018/11*sales.

Overseas Business2023/3

2018/6
2016/7

In addition, it is classified into a
2019/2

segment in the marketing SaaS
business on the segment of JAPAN2015/1

AI.

2014/3
2011/4
Areas Served

2012/8FY2011※

7© Geniee, Inc.

Singapore Vietnam
2013/9Indonesia

2023/2

2015/9FY2015FY2017 FY2018 FY2019

FY2020 FY2021 FY2022 FY2023

The deficit was acquired through M&A. Currently, GENIEE CHAT has integrated the brands of the former Chamo, the former Engagebot, and the former HyperSonic.
also, the products of CATS are integrated into geniee analytics brand.

Company-wide
Performance Trends（unit：hundred million yen）
Despite a slowdown in the

FY2021*advertising market, we achieved a

FY2022

FY202324% sales growth due to strong
performance in our existing

Sales Revenue*

48.2

+33%

64.5

Gross profit

37.4

+37%

51.4

Operating Profit

5.8

24.5

(Transient gains andlosses)(▲2.0)(＋13.3)businesses.

However, adjusted operating profit
dropped by 22% mainly due to a 1billion yen increase in personnel and

+24%
+19%

80.1
61.3

15.3

outsourcing costs, with additional
increases in advertising andpayment fees.

・Software Impairment ▲2.0

From FY2024, we'll focus on
productivity as a key metric,(Adjusted operating
income)(7.9)

Net income
attributable to parent

5.0(＋6.6)

・Software Retirement Loss ▲2.8
・Margin from tiered acquisition ∔16.2+41%(11.1)

・Earn-out deduction+5.5
・Obligation exemption benefits
to former Zelto shareholders+1.1

▲22%

(8.7)

enhancing performance monitoringand enforcing strict cost control
across the company.

21.1

10.3

*Until FY2021, sales revenue from the advertising platform business was recorded as gross, so sales revenue was recorded on the net
in accordance with FY2022.

8© Geniee, Inc.

By Segment
Percentage of Earnings
Rapid growth in Marketing SaaS andinternational business sectors with

Sales Revenue

Segment Profit

Overseas Business

Overseas Business

Marketing SaaS Business

Marketing SaaS Business

Advertising Platform Businesshigh market size and growth rates.

Advertising Platform Business（million yen）

（million yen）

2,500
Marketing SaaS, particularly in

750

SFA/CRM and CHAT, has been
profitable since Q4 FY2022, after

2,000

completed, significant MRR began in
1,500

12%

13%

32%

33%

11% 16%

11%
26% 30%Targeting semi-annual profitability inthe second half of FY2024.

14%

15%

expenses. With enterprise deliveries

April.

15%29%

32% 32%

500

33%
250

1,000

500

63%

58%

53% 53%
58% 56% 51% 51%

1Q

2Q

3Q

0

-250

FY22

9

© Geniee, Inc.

0

4Q

1Q

2Q

3Q

FY23

4Q

1Q

2Q

3Q

FY22

4Q

1Q

2Q

3Q

FY23

4Q

1

Full-Year Business Segment Financial Overview (Advertising
Platform Business)

2
Financial results for the fiscal year ending March 2024

Full-Year Business Segment Financial Overview (Overseas

Business)3

Full-Year Business Segment Financial Overview (Marketing SaaS
Business)

4

Mid-Term Management Plan

5

TOPIX

Advertising Platform BusinessBusiness Overview
Advertiser

Use it in promotions

Technology to display
personalized ads

・Make your promotional budget cost-effective
A platform to maximize

High revenue for media andhigh cost-effectiveness foradvertisers
・Utilizing the largest advertising inventory in Japan owned by"GENIEE SSP"
・ It is possible to attract high-quality viewers at a low unit price andpurchase about 80 billion IMPs per month.

Monetize your inventory
Publisher

11© Geniee, Inc.

Approximately 80 billion IMPs/month& 100 million UU

Advertising Platform Business

Gross Profit Trend

YoY

15.4%up（hundred million yen）

12

9.8

Gross profit rose 15.4% YoY,
accelerating from Q1.

10

8.5

The video sector, a previously
untapped growth market, became akey player on the supply side,

7.5

8

alongside successful enterprisemarket penetration and securing
new major media for future growth.

6

Demand side growth was driven byincreased performance sector share4and successful enterpriseacquisitions through major ad
agencies in branding and dynamic
sectors, accelerating growth rates.

2

0
1Q

2Q

3Q

FY2021
12© Geniee, Inc.

4Q

1Q

2Q

3Q

FY2022

4Q

1Q

2Q

3Q

FY20234Q

Advertising Platform Business

KPI（company）

Number ofcompanies(※1)

3,000

2,000

The acquisition of new media and theimprovement in unit prices of

1,000

existing media have led to anincrease in per-company revenue.

0
20/6 20/9 20/12 21/3 21/6 21/9 21/12 22/3 22/6 22/9 22/12 23/3 23/6 23/9 23/12 24/3

Due to the reduction in small

FY2020transactions and an increase in

FY2021

FY2022

FY2023enterprise projects, we plan to(10,000 yen)change the disclosure of the numberof companies to align with ourbusiness policy from FY2024
onwards, starting from the next

revenue percompany(※1)

25
20
15

disclosure.

105020/6 20/9 20/12 21/3 21/6 21/9 21/12 22/3 22/6 22/9 22/12 23/3 23/6 23/9 23/12 24/3
FY2020

FY2021

FY2022

FY2023※1 Calculated based on net amount figures. Additionally, starting from this period, figures for advertising operations and DOOH are calculatedby also including comparative information from previous years.

13© Geniee, Inc.

TOPIX• Regarding our company's response to the post-cookie era

Google had announced plans tophase out all third-party cookie

by the second half of 2024, but

What are cookie?
•

Cookie are mechanisms for temporarily storing user activity and input data on websites, categorized into
first-party and third-party cookies.

•

First-party cookie, issued by the visited website, streamline user experiences by remembering login details
and shopping cart contents.

•

Third-party cookie, from different domains, track user behavior across sites, enhancing targeted advertising
effectiveness and aligning ads with user interests.

on April 23, 2024, they
announced a postponement of
the schedule to begin thephased elimination in early 2025.

By collaborating with theindustry and leveraging the

The Issues with Third-Party Cookie and Regulatory Movements

resources of the Genie Group,
we aim to develop alternative••

solutions, turn challenges into

Due to privacy concerns, Apple's Safari discontinued third-party data tracking in 2020.
Google planned to end all third-party cookies by late 2024 but postponed this to early 2025 on April 23,
2024.

opportunities, and strive formarket share expansion.

Impact on our company and our response
status• Our plans, made in anticipation of third-party cookie impacts from FY2024 Q3, mean the postponement•

14© Geniee, Inc.

improves our budget achievement likelihood.
We've mostly finished adapting to industry-standard estimated ID solutions and are developing uniquesolutions to gain a competitive edge.

1

Full-Year Business Segment Financial Overview (Advertising
Platform Business)

2
Financial results for the fiscal year ending March 2024

Full-Year Business Segment Financial Overview (Overseas

Business)3

Full-Year Business Segment Financial Overview (Marketing SaaS
Business)

4

Mid-Term Management Plan

5

TOPIX

Overseas BusinessBusiness Overview

Overseas bases

We began our international
expansion in 2012.

We have been actively expanding
overseas, especially in the rapidly
growing Asian region, with a platformthat maximizes advertising revenue
and effectiveness for internet media
and advertisers.

In February 2023, we fully acquired
Zelto, Inc., aiming not only for theinternational expansion of "GENIEE

Description of Business

SSP" but also for the integration andenhancement of services with Zelto•

products.

••

We are expanding our business in the Western and APAC regions, while also establishing our position
as a market leader in the area of advertising revenue optimization in the APAC region.
In addition to being a reseller of Google and providing "GENIEE SSP," we offer services such as"Adpushup" (an advertising revenue optimization solution) and "Adrecover" (a monetization solution
for advertising inventory).
Zelto has been certified as a GCPP Premier Partner* by Google.

*Only a select group of partner companies that have demonstrated expertise and skills in Google Ad Manager/AdSense and have met stringent
criteria are certified.

16© Geniee, Inc.

Overseas Business

Gross Profit Trend（hundred million yen）

2.5

YoY

25.7%up

Gross profit increased by 25.7%
year-on-year.
2

1.5
1.2

1.5

1

0.7

0.5

0
1Q

2Q

3Q

FY2021

17© Geniee, Inc.

4Q

1Q

2Q

3Q

FY2022

4Q

1Q

2Q

3Q

FY2023

4Q

Overseas Business

Zelto PMI Progress

Sales Revenue and Number of Companies Trend
Sales Revenue

Cumulative Number of Companies

Leading PMI to further strengthen ourbusiness foundation.

Despite market-driven fluctuations in
ad rates (CPM/RPM), we're seeing acontinuous increase in the number oftransactions.

Apr.

May

Jun.

Jul.

Aug.

Sep.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

In the Geniee Group, we're

FY2023

implementing cost reduction

strategies such as product crossselling and server replacements toenhance profitability in future periods.

Organization &Strategy

management

18© Geniee, Inc.

Understanding
Business Challenges

CEO-led Team・Doubling Upsell from
Deficit Elimination
Large Existing Customers
Strategy Formulation ・Cross-selling of Group
Products

・Acceleration of new sales
・Cross-selling products
・Cost reduction measures

Short-term PMI
fulfillment

Understanding theGovernance System

Improvement of personnel
system/Corporate Integration

Business Integration ofOverseas Divisions

1

Full-Year Business Segment Financial Overview (Advertising
Platform Business)

2
Financial results for the fiscal year ending March 2024

Full-Year Business Segment Financial Overview (Overseas

Business)3

Full-Year Business Segment Financial Overview (Marketing SaaS
Business)

4

Mid-Term Management Plan

5

TOPIX

Marketing SaaS BusinessBusiness Overview

Nurturing blue-chipcustomers

Management of sales andcustomer information

The only domestic sales &Customer management
Excellent customer breeding

marketing platform capableof consistently executing andmanaging everything fromCentralize internal data

Automatic customer complaints
LPを high-speed indication

customer acquisition topromotion and orderacceptance.
Search within this site

Analyze internal data

Measurement of advertising effectivenessand provision of reports

20© Geniee, Inc.

Marketing SaaS Businesshighlight
Sales revenue and ARR are
strong.

Growth is driven by an increase

Sales Revenue／Year-over-year growth

2,699

million yen／+37.6%

Recurring ratio（※１）／Year-over-year growth

81.7% ／ +0.3

piointin enterprise accounts and highcustomer satisfaction,
maintaining low churn.

Despite a temporary drop in
ARPA due to intense

Gross margin

73.2%

ARR／Year-over-year growth2,414+24.5%

million yen ／competition in the CHAT sector,
major customer deals andaccount numbers havesignificantly increased.

Overall, the marketing SaaS

Segment Profit

211

million yen

business has grown by over 10%.
*Calculated based on 12 months back from the end of the first fiscal year.

21© Geniee, Inc.

ARPA／Year-over-year growth

14,730円 ／ ▲16.4%

YoY

Marketing SaaS Business

Sales Revenue Trend

21.2% up（hundred million yen）

7.2

8
Sales revenue increased by 21.2%
YoY, setting a new record on a7

quarterly basis.

5.8

6Both SFA/CRM and CHAT saw anincrease in MRR, contributing to theperformance.

5

3.8

4

3

2

1

0

1Q

2Q
FY202122© Geniee, Inc.

3Q

4Q

1Q

2Q

3Q

FY2022

4Q

1Q

2Q

3Q
FY2023

4Q

Marketing SaaS Business

YoY

KPI

47.0% up

Number of Paid Accounts(pcs)

As a result of advancing enterpriselevel development in SFA/CRM, thenumber of accounts increased by
47.0% YoY.

24,00021,00018,00015,00012,000
9,000
6,000
3,000

The churn rate has continued to

20/6 20/9 20/12 21/3 21/6 21/9 21/12 22/3 22/6 22/9 22/12 23/3 23/6 23/9 23/12 24/3

maintain a low level of less than 1%.

FY2020

FY2021

FY2022

FY2023

Churn rate
1.8%
1.2%
0.6%
0.0%
1Q

2Q

3Q

4Q

FY2020＊Average 3-month churn rate for accounts

23© Geniee, Inc.

1Q

2Q

3Q

FY2021

4Q

1Q

2Q

3Q

FY2022

4Q

1Q

2Q

3Q

FY2023

4Q

Marketing SaaS Business

SG&A expenses forsales ratio

R&D(*1)(*2)

S&M(*1)(*3)

G&A(*1)(*4)

Despite an increase in the S&M
ratio in FY2022 due to the
expansion of business-side
members, there is a decreasing
trend* due to the increase in
MRR.

G&A also increased in FY2022

18%
16%17%
15%
14%
13%12%
11%11%11%
10%10%

43%43%42%
42%
41%40%42%
41%
39%
39%
38%
37%

15%15%14%
14%13%14%
14%
12%
11%
10%10%10%

due to expansion and anincrease in corporate staff, butthere is a decreasing trend* dueto the increase in MRR.
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
FY2021* With the progress of JAPAN AI's business, theS&M and G&A figures for FY23-4Q increased,
respectively.

24© Geniee, Inc.

FY2022

FY20231Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
FY2021

FY2022

FY20231Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
FY2021

FY2022

FY2023※1 Calculated based on the figures from the last 12 months from the end of the quarter.
※2 Abbreviation for Research and Development. The total of engineers' salaries, related expenses, etc., involved in research and development.
※3 Abbreviation for Sales and Marketing. The total of advertising and promotional expenses, sales personnel salaries, related expenses, etc., involved in sales promotion.
※4 Abbreviation for General and Administrative. The total of corporate department salaries, related expenses, and common costs that the marketing SaaS business should
bear.

1

Full-Year Business Segment Financial Overview (Advertising
Platform Business)

2
Financial results for the fiscal year ending March 2024

Full-Year Business Segment Financial Overview (Overseas

Business)3

Full-Year Business Segment Financial Overview (Marketing SaaS
Business)

4

Mid-Term Management Plan

5

TOPIX

Assumptions for
the FY2024 Plan
External environment・Planning Assumptions

Policies of each business segment• U.S. high interest rates continue toslow overseas ad revenue recovery.

• The advertising PF business will see
growth in FY2023 through expansion in
major agency sales channels, video
domains, and enterprise areas bydeveloping major media.

For FY2024, high U.S. interest rates
are expected to continue, impacting
ad revenue recovery.
Internet ad spending is projected toincrease by over 8%, with video
advertising expected to grow by morethan 12%.*
Budgeting was done anticipating
Google's phase-out of third-party
cookies from October 2024, though
this has been delayed.
Taking into account the shortfall fromthe previous period, adjustments
have been made to the internal plan.

*Source: 'Detailed Analysis of Internet AdvertisingMedia Expenses in Japan, 2023'• The internet ad market, especially invideo, is rebounding due to yen
depreciation and low domestic rates.
• Google's third-party cookie regulationis accounted for.

• SOCIALWIRE CO., LTD. plans, pending
consolidation, are currently excluded.
26© Geniee, Inc.

• The marketing SaaS business is
expanding its enterprise areas in CHAT,
SFA/CRM, and newly upgraded MA.
• The overseas business focuses on
strengthening cross-selling withdomestic supply and demand anddeveloping new enterprise media.

（unit：million yen）

FY2024Full-Year Earnings Forecast

FY2023（Expected）

Pre-consolidation figures of SOCIALWIRE CO., LTD. ）Sales Revenue

8,400

8,012

FY2024（plan）+27%

10,200For FY2024, we anticipate over 27%

Advertising PF Business

4,300

4,306

5,400

growth in sales and over 30% growthMarketing SaaS Business

2,900

2,704

3,700

Overseas Business

1,400

1,249

1,500

（Adjustment amount）

△200

△248

Gross profit

6,600

6,138

Segment Profit

1,800

1,538

2,300

Advertising PF Business

2,200

2,244

2,700

Marketing SaaS Business

400

215

800

For our overseas business, we

Overseas Business

300

201

300

anticipate over 20% sales growth,（Company-wide, erasure, etc.）△1,100△1,122

1,800

1,538

Advertising PF Business

1,300

1,351

1,700

Marketing SaaS business, with theMarketing SaaS Business

△400

△589

△300

expansion in the enterprise area ofOverseas Business

200

108

200

CHAT, SFA/CRM, and MA, we expect（Adjustment amount）

700

668

700

Profit before taxes

1,500

1,277

Profit attributable to owners of theparent

1,300

1,031

in gross profit. In the advertising
platform business, we expect over
25% sales growth due to increased
penetration in major agency channels,
expansion in the video domain, andexploration of major media leading to
an expansion in the enterprise area.

driven by cross-selling with domestic

Operating Profit

supply and demand, and continuous
media development in Zelto. In theover 36% sales growth.

27

FY2023(achievements）© Geniee, Inc.

＊ FY2024 (Forecast) Earnings Per Share for the Current Period 96.07yen

+30%

+50%

+65%

△200

8,000

△1,500

2,300

2,200
1,700

FY2024 Quarterly
Performance Forecast
Sales Revenue

Sales revenue is expected to

Gross profit

Operating Profit（hundred million yen）

grow each quarter.

30

The advertising platformbusiness has seasonality in its

25

earnings, with plans for revenue
expansion during the busier

20

17.9

second half of the fiscal year.

15

21.2

21.3

19.6

13.7

15.0

10

16.4

16.1

7.7
normalbusinessbenefit

5

1.0

3.5

normal3.0
business

2.2

benefit

1.9

0
1Q

2Q
FY2023
FY202328© Geniee, Inc.

3Q

4Q

1Q

2Q

3Q
FY2024FY20244Q

1Full-Year Business Segment Financial Overview (Advertising
Platform Business)

2
Financial results for the fiscal year ending March 2024

Full-Year Business Segment Financial Overview (Overseas

Business)3

Full-Year Business Segment Financial Overview (Marketing SaaS
Business)

4

Mid-Term Management Plan

5

TOPIX

TOPIX

Consolidation of Social Wire Co. as a subsidiary

We've signed a capital and businessalliance with Social Wire Co., a firm
specializing in digital PR activities
like press release distribution andBusiness Overview● Established in 2006, focusing on digital PR.
● Holds the industry's second-largest market share with its press release service, @Press, trailing only PRtimes.
● Sold its loss-making domestic shared office business due to COVID-19, turning profitable in FY2023/3Q.

influencer PR.

By acquiring 49% of the newly issued
shares under the condition of

Digital PR
Business

appointing the majority of its

Newswire Business

Press release service aiding corporate communication.

Influencer Business

Influencer Casting Business

Clipping Business

Clipping service for newspapers, magazines, web, and SNS media articles

Risk Check BusinessBackground checks using publicly known information such as web news
and newspaper articles.

directors, we aim to make it asubsidiary by July 2024, pending
shareholder approval.

This partnership is expected toSummary of Achievements● Exited loss-making domestic shared office business in FY23 Q3, turning profitable.
● Operating loss of ¥15 million from the exit remained in Q3, to be cleared from Q4.
● FY24 figures are from a standalone plan, not accounting for synergies with our company.

enhance synergies, particularly inmedia collaboration and cross-selling

FY21

30

© Geniee, Inc.

FY231QFY232Q

FY233QFY234Q

FY24

sales

4,630

4,769

1,138

1,021

762

746

2,890

Gross profit

2,160

1,960

476

468

479

475

（Nondisclosure）

Operating
Profit

164

▲211

▲50

▲12

15

45

100

Net Income

28

▲876

▲53

▲173

104

▲23

45

with our advertising platformbusiness.

FY22

TOPIX

Acquired treasury shares from SoftBank Corp.

We've signed an agreement with
SoftBank Corporation, holding

31.15% of our issued shares, toacquire a maximum amount ofshares. Approval at the June
2024 shareholders' meeting isrequired due to the transaction's

Get background
SoftBank Corp.
● Our company and SoftBank have pursued a capital and businessalliance since 2014 for long-term benefits in the internet
advertising sector.
● However, considering the need for a flexible capital strategy
based on the management environment, we're exploring theacquisition of SoftBank-owned shares in our company.

price
Up to 4.95 billion
acquired it by oneself(Maximum 5,625,000 plants*)

related-party nature.

Funding details will be presented
at the May board meeting and● We believe it's prudent to flexibly consider options such as sharecancellation, long-term holding, transfers to suitable companies,
M&A through share exchange and issuance, and share salesaligned with Prime Market listing approval, based on our
performance and stock trends.

disclosed later.

Future relationship with SoftBank
We plan to maintain a good relationship, including business
transactions, and continue our business alliance even after the
dissolution of this capital partnership.

31© Geniee, Inc.

Procured through theissuance of preferred sharesfinancial institution