Notice Concerning Dividend of Surplus（May 20, 2025）

May 20, 2025

To whom it may concern,

In today's meeting of the Board of Directors, we resolved to refer a matter regarding the dividend of surplus, with a record date of March 31, 2025, to the 90th Annual General Meeting of shareholders, which will be held on June 26, 2025.

1. Dividend Details

   	Decided amount	Most recent dividend forecast (May 14, 2025)	Results for previous fiscal year (fiscal year ended March 31, 2024)
   Record date	March 31, 2025	Same as on the left	March 31, 2024
   Dividend per share	26.00 yen	Same as on the left	40.60 yen
   Total dividends	2,095 million yen	-	3,275 million yen
   Effective date	June 27, 2025	-	June 28, 2024
   Dividend source	Retained earnings	-	Retained earnings

   (Note) On August 1, 2024, the Company undertook a share split of common shares at a ratio of five to one. Regarding results for the previous fiscal year, we have listed dividend amounts calculated using the ratio of the share

   consolidation. Also regarding results for the previous fiscal year, the dividend per share before the share split was 203 yen per share.

   In order to provide more opportunities to distribute profits to shareholders, at the 89th Annual General Meeting of Shareholders, the Company's articles of incorporation were amended to facilitate the implementation of interim dividends. This enables the payment of two dividends annually, an interim dividend and a year-end dividend.

2. Reason

The Company has decided to set the year-end dividend at 26 yen per share, considering the recent financial results and the shareholder return plan, targeting a consolidated payout ratio of at least 70% in the three-year medium-term plan (FY 2024-2026). As a result, the annual dividend, including the interim dividend (15 yen per share), will be 41 yen per share (consolidated payout ratio of 70.4%).

(For reference purposes) Breakdown of annual dividend

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