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Shareholder Benefit

Shareholders of Recruit Holdings are afforded the following benefits:

1.Participation in management

Shareholders have the opportunity to participate in the management of Recruit Holdings by attending the annual general shareholders' meeting and exercising their right to vote on the resolutions on the agenda.

2.Dividend

Recruit Holdings sets a consolidated payout ratio target of approximately 30% of profit attributable to owner of the parent excluding non-recurring income/losses.

The Company's basic policy is to declare dividends twice a year. Matters stipulated in Article 459, Paragraph 1 of the Companies Act, including cash dividends, are not resolved by General Meetings of Shareholders, but by Meetings of the Board of Directors, unless otherwise provided by laws and regulations.

3.Preferential treatment for shareholders

Not implemented.