Investor Presentaiton

Shareholder returns GURUNAVI Distribution to shareholders with a consolidated dividend payout ratio of approximately 40% as standard, while emphasizing ROE. Dividend per share ⚫ FY2016: Increased year-end dividend by JPY2 per share from JPY20 to JPY22. Full-year dividend: JPY42 per share Dividend payout ratio: 41.1% Combined with treasury stock acquisition (JP4,999 million), total return ratio: 145.1% ⚫FY2015: Full-year dividend JPY44 per share (interim: JPY22; Year-end: JPY22) Payout ratio: 43.8% (JPY) 120 100 80 60 60 FY2016 FY2017(forecast) Consolidated Interim Year-end Year-end JPY20 JPY22 JPY42 payout ratio 41.1% JPY22 JPY22 JPY44 43.8% Previous acquisitions of own shares 515,400 shares (1.00%) in FY2006 2,483,600 shares (4.83%) in FY2010 624,900 shares (1.28%) in FY2014 1,743,900 shares (3.60%) in FY2016 * The figures in the parentheses indicate percentage of total number of shares issued excluding treasury shares Basic earnings per share 49.56 40 40 20 20 Dividends per share 29.36 44.03 45.20 39.12 40.15 35.76 .LLLLL| 13.03 10.77 10.98 5.5 3.5 8.5 10 10 10 10 15 0 FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 67.26 28 FY2014 90.19 *Gurunavi implemented a 5-to-1 share split on August 19, 2005 and a 100-to-1 share split on April 1, 2011 and a 2-to-1 split on April 1, 2014. To facilitate comparison, the above graph shows these share splits as having been carried out at the beginning of FY2004. © 2017 Gurunavi, Inc. 102.25 100.53 38 FY2015 Full-year dividend JPY44 42 FY2016 FY2017 forecast 20 20

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