Notice Concerning Dividends of Surplus（PDF：33KB）

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May 22, 2025

To whom it may concern

Notice Concerning Dividends of Surplus

INES Corporation (the "Company") hereby announces that it has resolved, at a meeting of the Board of Directors held on May 22, 2025, to distribute dividends of surplus with a record date of March 31, 2025. The details are described below.

This matter will be submitted to the 63rd Annual General Meeting of Shareholders to be held on June 25, 2025.

1. Details of dividend

   	Determined amount	Most recent dividend forecast (Announced on October 31, 2024)	Actual results for the previous fiscal year (Fiscal year ended March 31, 2024)
   Record date	March 31, 2025	March 31, 2025	March 31, 2024
   Dividend per share	¥30.00	¥30.00	¥25.00
   Total amount of dividends	¥624 million	-	¥520 million
   Effective date	June 26, 2025	-	June 26, 2024
   Source of dividends	Retained earnings	-	Retained earnings

2. Reason

The Company believes that it is an important management issue to enhance the return of profits to shareholders while strengthening its corporate structure to improve profitability; and its basic policy on distribution of profits is to pay stable dividends on an ongoing basis while strengthening its financial base to respond to rapid changes in the market. Accordingly, the Company pays dividends with comprehensive consideration given to factors such as business results and the business environment.

Based on the above basic policy and the business results for the fiscal year ended March 31, 2025, the year-end dividend for that fiscal year will be ¥30 per share, resulting in an annual dividend of ¥55 per share (up ¥5 from the previous fiscal year).

(Reference) Breakdown of annual dividend