TOKYO, Japan-May 11, 2023-GREE, Inc. today announced that, at a meeting of its Board of Directors held today, it has determined the following year-end dividend amount for the fiscal year ended June 30, 2023.
As GREE's Articles of Incorporation stipulate that decisions regarding the distribution of dividends from surplus shall be made by a resolution of the Board of Directors, the final declension regarding this distribution will be made at the Board of Directors meeting scheduled for August, 2023.
1. Dividend Policy
GREE recognizes shareholder returns as an important duty of management. Our basic policy is to provide appropriate shareholder returns based on our business performance and financial position and the outlook thereof, while considering internal reserves necessary to ensure the efficiency and growth of the business.
Based on the above, we plan to maintain a dividend on equity (DOE) ratio of around 2% while keeping consolidated dividend payout ratio of about 20% or higher and continuously distributing stable dividends to our shareholders.
2. Details of Dividend Forecast
Based on the above plan, we have decided to announce our forecast (previously undecided) of distributions of ¥11 per share for the fiscal year ended June 30, 2023.
Full-year dividend distributions
End-2Q
End-FY
Total
Previous forecast
―
Undecided
Undecided
（issued February 8, 2023）
Revised forecast
―
¥11
¥11
Distributions to date
¥0
Actual FY2022 distributions
¥0
¥11
¥11
(for reference)
(Note) The above forecast is based on information currently available at the time of this announcement. Actual performance may differ due to various factors.
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Gree Inc. published this content on 11 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2023 06:04:28 UTC.
Gree Inc is a Japan-based company mainly engaged in the internet media business. The Company is mainly engaged in the operation of GREE, the development and operation of app games for smartphones in Japan and overseas, as well as the operation of advertising media, and the provision of live entertainment business.
GREE, INC. 
