Notice Concerning Dividends from Surplus (Interim Dividends) and Revision of Year-End Dividend Forecast

November 7, 2025

Moro Masahiro Representative Director and President Code No. 7261 TSE Prime

Contact: Keiji Watanabe General Manager, Accounting Department,

Financial Services Division Phone: 082-282-1111

At the meeting of the Board of Directors held on November 7, 2025, Mazda Motor Corporation resolved to distribute interim dividends from surplus, with September 30, 2025 set as the record date. Furthermore, the company has revised its forecast for the year-end dividend, which was previously undetermined, as shown below.

1. Details of the Dividends (Interim Dividends) from Surplus

   	Determined Amount	Most Recent Dividend Forecast (Announced on August 5, 2025)	Actual Results for the Previous Fiscal Year (For the first six months ended September 30, 2024)
   Record Date	September 30, 2025	September 30, 2025	September 30, 2024
   Dividend Per Share	¥25.00	¥25.00	¥25.00
   Total Amount of Dividends	15,770 millions of yen	-	15,759 millions of yen
   Effective Date	December 2, 2025	-	December 2, 2024
   Source of Dividend	Retained earnings	-	Retained earnings

2. Revision of Dividend Forecast

   	Dividends per Share
   	2nd.Qtr.	Year-End	Full Year
   Previous Forecast (Released on August 5, 2025)		-	-
   Revised Forecast		¥30.00	¥55.00
   Actual Results for the Current Fiscal Year	¥25.00
   (Ref.) Results for the Fiscal Year Ended March 31, 2025	¥25.00	¥30.00	¥55.00

3. Reasons for the Revision

Mazda's policy regarding the stock dividend is to determine the amount of dividend payments, taking into account current fiscal year's financial results, business environment, and financial condition, etc. And Mazda is striving for realization of a stable shareholder returns and its future steady increase.

The year-end dividend forecast for the fiscal year ending March 31, 2026, which was previously undecided, has been revised to 30 yen per share in light of the development of business performance in the current fiscal year. The full-year dividend forecast is 55 yen per share, unchanged from the previous year.

* Forecast in this disclosure is based on information currently available to Mazda Motor Corporation. Actual dividend may differ depending on various factors that arise in the future.