[Genda] Capital Strategy and Governance Enhancement Supporting Sustainable Growth | May 2026

Performance Overview

In September 2025, Genda announced a change to its organic (existing business) strategy, and in December, it reviewed its inorganic (M&A) strategy, pursuing discontinuous growth utilizing FCF and debt finance even during valuation downturns. The company also revised its Investment Committee and Board of Directors personnel to enhance investment efficiency and governance.

Governance and Capital Policy

The Board of Directors has transitioned to a structure with majority outside directors, requiring approval from a majority of outside directors for final M&A decisions. This framework emphasizes transparency and safeguarding shareholder interests. These measures aim to improve the efficiency and fairness of capital raising and M&A decision-making, forming a foundation for sustainable growth.