The Mercari Group recognizes that improving our financial structure, maintaining our competitivity, and ensuring we return profits to our shareholders are all important challenges our management faces. At present, the Mercari Group is still in a phase of growth, and we believe the best way to pass on profits to our shareholders is to focus on expanding our operations and making them more efficient in order to improve our mid to long-term company value. For this reason, since the very establishment of our company, we have not paid any dividends and all earnings have been retained within the company. For the time being we will continue to retain profits within the company, however, as we move forward, we will take the results of our business operations into account in considering how we can return profits to our shareholders.