Notice Regarding Dividends of Surplus

May 14, 2026

Company name: Mitsuboshi Belting Ltd.

Name of representative: Hiroshi Ikeda, President

(Securities code: 5192; Tokyo Stock Exchange Prime Market)

Inquiries:

Yasushi Shiotsu, General Manager, Finance & Accounting Department (Tel: +81-78-685-5630)

Mitsuboshi Belting Ltd. (the "Company") hereby announces that, at a meeting of its Board of Directors held on May 14, 2026, it resolved to distribute dividends of surplus with a record date of March 31, 2026, as outlined below.

This matter is scheduled to be submitted for approval at the Company's 1 llth Ordinary General Meeting of Shareholders to be held on June 26, 2026.

1. Details of dividend

   	Deicrmimd amount	Most recent dividend forecast (Announced on May 14, 2025)	A results for the previous (fiscal year ended March 31, 2025)
   Record date	March 31, 2026	Same as stated left	March 31, 2025
   Dividend per share	¥101.00	¥96.00	¥96.00
   Total amount of dividends	¥2,824 million		¥2,707 million
   Effective date	June 29, 2026		June 30, 2025
   Source of dividends	Retained earnings		Retained earnings

2. Reason

The Company's basic capital policy is to enhance corporate and shareholder value over the medium to long term by securing resources for growth investment while also strengthening shareholder returns.

In the '24 Med-Term Business Plan for FY2024-FY2026, announced on May 14, 2024, the Company set a KPI target for shareholder returns of approximately 5.4&o DOE, equivalent to an annual dividend of at least 180 yen per share.

Based on this basic policy, as well as a comprehensive assessment of the Company's performance and financial condition for the current fiscal year, the year-end dividend has been set at 101 yen per share-an increase of 5 yen compared to the previously announced 96 yen.

(Reference) Breakdown of Annual Dividend: