Press Release

Focus Systems Corporation

Jun 6,2023

Incentive rate in Focus Systems Employee Stock Ownership Plan boosted to 20%

Strengthen and promote the cycle of Return to Growth and Profit, which encourages

employee engagement

Focus Systems Corporation (based in Shinagawa, Tokyo; President: Keiichi Mori) is pleased to announce that the incentive rate in the Employee Stock Ownership Plan will increase from the current 10% to 20% from July 2023. This is one of the Return measures leading to Growth as part of the Medium-Term Management Plan 24-26*1, which aims to strengthen the cycle of Growth, Profit and Return.

*1 Focus Systems Corporation Medium-Term Management Plan 24-26

https://www.focus-s.com/focus-s/media/20230512_middle_term_business_plan-E.pdf

It is expected that higher levels of employee participation in the plan as a result of this measure will encourage individual employees to recognize the intrinsic value of being a shareholder, and in turn encourage greater autonomy by employees in actively engaging with company operations, for example by sharing information with one another and actively proposing new ideas to contribute to ongoing improvement in corporate value.

Given the current shortage of workers in the IT industry, and the need for ongoing investment in human capital in order to develop and retain talented IT workers to underpin future Growth, Focus Systems is committed to pursuing new initiatives in addition to the two-pronged strategy of offering higher base pay*2 and incentive rate. Focus Systems will continue working to boost employee motivation and satisfaction levels, raise retention rates and encourage employee loyalty and solidarity, in order to strengthen the cycle of Growth, Profit and Return.

*2 Related press release:https://www.focus-s.com/focus-s/media/20230130-E.pdf

Focus Systems Employee Stock Ownership Plan

The Employee Stock Ownership Plan allows individual employees to purchase shares in the company using funds deducted from their salary

Title

Focus Systems Employee Stock

Eligibility

Employees

Ownership Plan

(opt-in basis)

Incentive

200 yen per lot

Contribution

1,000 yen per lot

20% of contribution*3 (from July 2023)

Shares held

616,600 shares (3.78% of total inclusive of treasury shares, as at March 31, 2023)

(% of total)

*3 Equivalent to top 6.8% of companies offering incentives (based on Report on Survey of Employee Stock Ownership Plans from the Tokyo Stock Exchange)

Source: 2021 Report on Survey of Employee Stock Ownership Plans (Tokyo Stock Exchange, Inc.)

https://www.jpx.co.jp/english/markets/statistics-equities/examination/tvdivq0000001xhe-att/employee_2021e.pdf

Press Release

Focus Systems Corporation

Jun 6,2023

[About Focus Systems]

Established 1977. Focus Systems Corporation is involved with the development and operation of systems in highly social areas such as the public sector, communications, and also actively promotes business development predicated on the trends of the times such as IoT, Cloud and AI. Our corporate slogan is "Put Our Heart into Technologies." Connecting individuals through technology, each one of us here at Focus Systems works with passion and sincerity.

Website:https://www.focus-s.com/focus-s/en/

[Contacts regarding Press or Promotion]

IR, PR Office, Focus Systems Corporation

E-MAIL：koho@focus-s.com

T e l： +81 3 5421 7790

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Disclaimer

Focus Systems Corporation published this content on 06 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2023 04:46:05 UTC.