Shareholder Return

NOVARESE regards the return of profits to shareholders as an important management issue.
We also recognize that upfront investments—such as capital investments associated with the opening of new stores and venues—are essential for the growth and expansion of our business.
In addition to enhancing internal reserves to stabilize and strengthen our financial position and utilize them as a source of funds that will lead to medium-term growth, we will continue to implement flexible measures to return profits to shareholders through comprehensive consideration of profit levels and financial standing.