Relationship with Shareholders / Investors

NTN implements various measures to facilitate the smooth exercise of voting rights, including putting particular effort into making it easy for all shareholders to participate in the General Meeting of Shareholders.

Early sending of the Notice of the General Meeting of Shareholders, etc.

We strive to make early disclosures of information by posting the Notice of General Meeting of Shareholders on our website and sending out Notice letters earlier than the statutory deadline. The English translation (summary) of the Notice is also published on the website to enhance accessibility for foreign shareholders.

Devices such as notice General Meeting of Shareholders

To facilitate greater understanding among shareholders, we publish a list of candidates in the proposal for the selection of officers, along with their photographs, skill matrix showing their areas of experience, attendance rate at the Board of Directors’ and other meetings, years in office, and other information.

Scheduling the General Meeting of Shareholders to avoid overlap with “peak days”

To encourage more shareholders to attend the General Meeting of Shareholders, we avoid days on which many companies hold their meetings, but rather choose a date considering its relationship with settlement of accounts, audit schedule, and other factors.

Online exercise of voting rights

Voting rights may be exercised beforehand by postal mail as well as via the Internet up until the end of business hours (17:25) on the day before the General Meeting of Shareholders. In addition, institutional investors participate in the electronic voting system platform operated by ICJ, Inc.

Video of the General Meeting of Shareholders

Audio and video of the General Meeting of Shareholders are posted on our website at a later date so that shareholders can view a portion of the meeting.

We will strive to develop the company and proactively engage in dialogue with shareholders/investors and disclose information. When disclosing information, we will strive to promptly and fairly disclose information that we believe would be useful to shareholders/investors, even if the information does not fall under any laws or regulations.

Dialogue with shareholders and investors

General Meetings of Shareholders, quarterly financial results, and Medium-term Management Plan briefings provide valuable opportunities for dialogue with shareholders/investors, and the CEO and other top management actively participate in these opportunities. In addition, at ESG briefings to explain our ESG initiatives, not only top executives, but also the Chair of the Board of Directors, who is our top supervisory figure, and Outside Director also participate and engage in direct dialogue.
Going forward, we will continue to create opportunities to carefully communicate with shareholders/investors about our business and corporate value through explanations of our management policies and business strategies, etc., so that they can evaluate and understand our business and corporate value.

Activity details	Number of times held	Number of people interacted
General Meeting of Shareholders	1 time	66 people (held in June 2025)

Activity details	Number of times held	Total number of people interacted
Financial results briefings	4 times	189 people
Individual interviews	143 times	259 people
IR conferences hosted by securities companies	1 times	5 people
ESG briefings	1 time	25 people
Business briefings and factory tours	1 time	9 people

Please note that financial results briefing materials and scripts are disclosed here
IR Library:Presentations|Investors|NTN Global

Response based on opinions from shareholders and investors
Holding business briefings/factory tours	Opinion	Please explain the future prospects of businesses NTN will focus on as well as existing businesses
	Response	We held business briefings and factory tours for securities analysts and domestic institutional investors
Disclosure of cash allocation	Opinion	Please disclose medium to long-term funding plans including investment and shareholder returns
	Response	In the Medium-term Management Plan (FY2024-2026), we disclosed cash allocation for three years
Disclosure of capital cost and ROE targets	Opinion	Please clarify when ROE exceeding capital cost will be achieved
	Response	In the Medium-term Management Plan (FY2024-2026), we disclosed the current status and future targets of capital cost and ROE
Enhancement of information disclosure	Opinion	Please disclose financial results briefing materials in advance
	Response	We now disclose materials in advance, which were previously disclosed at the same time as the start of financial results briefings

Our company has established as one of its management policies to strive for corporate development and profit returns to shareholders, while communicating broadly with society and actively disclosing information. We comply with various laws and regulations including the Financial Instruments and Exchange Act, as well as the ”Rules Regarding the Timely Disclosure of Corporate Information by Issuers of Listed Securities” established by the Tokyo Stock Exchange, and conduct information disclosure in accordance with the ”Fair Disclosure Rules” while respecting the ”Corporate Governance Code.”
Also, for information that does not fall under laws and regulations, we strive for proactive and fair disclosure of information that we judge to be useful to investors.

Management of material information

We appropriately manage information subject to insider trading regulations and definitive financial information prior to its disclosure as material information. If it is determined that our executives or other personnel have communicated undisclosed material information to business associates as defined by the Fair Disclosure Rules, then we will promptly disclose such material information. If we believe that there is information that is equivalent to material information but which would not be appropriate to disclose, then, until the information in question can be disclosed, we will take measures such as not disclosing the information in question and having any parties involved in the transaction be obliged to maintain confidentiality and to refrain from trading or otherwise dealing in our shares.