◼ Summary of main supplementary explanations questions and answers at the FY2025 Second Quarter GREE results briefing held on February 6, 2025 [Q1] Can you comment on expectations for the upcoming release of Puella Magi Madoka Magica Magia Exedra? [A1] Pre-registration numbers are trending above our expectations, topping 500,000 by January 31. While many smartphone game market observers say that it will become increasingly difficult to achieve growth in pre-registration numbers, pre-registration for this title is proceeding very smoothly, even compared with past hit titles launched by the GREE Group. Based on this, and also because this IP has a very large fan base, we have high expectations for this title. [Q2] Can you comment on the interdependent relationship between the development schedule for new title releases and new title development projects in the Game and Anime Business? [A2] We create our in-house development schedule with the goal of releasing at least one new title per year, but final decisions regarding the actual timing of releases are made based on the characteristics and unique qualities of each title. Also, there are no interdependent relationships between individual new title development projects. Therefore, if development of a new title is delayed, that does not mean that development of other titles will also be delayed. [Q3] Can you comment on recent trends for existing titles in the Game and Anime Business? [A3] More than three years have passed since the initial releases of mainstay titles Heaven Burns Red and That Time I Got Reincarnated as a Slime: ISEKAI Memories and decline rates have slowed down compared with their initial pace.

recent trends for existing titles in the Game and Anime Business? [A3] More than three years have passed since the initial releases of mainstay titles Heaven Burns Red and That Time I Got Reincarnated as a Slime: ISEKAI Memories and decline rates have slowed down compared with their initial pace. [Q4] Please let us know about the factors behind sales growth and greater losses in the VTuber business. [A4] The rise in sales is attributable to multiple factors, chief among them being strong income from sales of talent merchandise and live music events and seasonal factors such as participation in Winter Comiket. Also, the popularity of our talents, which is the source of this income, is appropriately distributed so that we are not overly reliant on any one talent or talent agency. Costs are broadly divided into two categories, variable costs such as merchandise production costs and event-related costs and one-time costs such as costs related to the production of 3D models. Because variable costs trend in line with sales, merchandise sales and events have entered the black. Regarding one-time costs, we posted costs related to the production of 3D models of talents that debuted in previous