Intelligent Wave Inc.TSE: 4847

Notice Concerning Dividends of Surplus (interim dividend)

· Issued by Intelligent Wave Inc.

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

February 5, 2025

Company Name:

INTELLIGENT WAVE INC.

Stock Code:

4847(TSE Prime Market)

Koji Kawakami

Name of Representative:

Chief Executive Officer,

Representative Director

Direct queries to:

Nobuhiro Kato,General Manager,

Business Administration Division

Notice Concerning Dividends of Surplus (interim dividend)

Intelligent Wave Inc. (the "Company") hereby announces that it has resolved, at a meeting of the Board of Directors held today, February 5, 2025, to pay dividends of surplus (interim dividend) with a record date of December 31, 2024. The details are described below.

1. Details of dividends

Most recent dividend forecast

Actual results for the

previous fiscal year

Determined amount

(announced on August 7,

(Interim period ending

2024)

June 30, 2024)

Record date

December 31, 2024

December 31, 2024

December 31, 2023

Dividend per share

¥15.00

¥15.00

¥15.00

Total amount of

¥394 million

―

¥394 million

dividends

Effective date

March 17, 2025

―

March 18, 2024

Source of dividends

Retained earnings

―

Retained earnings

2. Reason

The Company positions shareholder returns as an important management issue, and our basic policy is to maintain stable dividends while paying attention to internal reserves to strengthen the management base.

For the interim dividend for the fiscal year ending June 2025, we have set it at 15 yen per share, as per the most recent dividend forecast. Additionally, there are no changes to the year-end dividend forecast from the most recent forecast.

*The dividend forecast is as follows:

Dividend per share (yen)

Record date

Second quarter-end

Fiscal-year end

Total

Dividend forecast

―

¥20.00

¥35.00

Actual results for the

current fiscal year

¥15.00

―

―

(interim)

Actual results for the

¥25.00

previous fiscal year

¥15.00

(ordinary dividend ¥15,

¥40.00

(fiscal year ended

commemorative dividend

June 30, 2024)

¥10)

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

Inquiries:

Investor Relations,

INTELLIGENT WAVE INC.

Email: ir_info@iwi.co.jp

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