<h3 class="smt_head2">3 [Dividend Policy]</h3>

<p class="smt_text6" style="orphans:0;widows:0;text-align:justify;padding-left:18.1pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:9pt;font-family:'ＭＳ 明朝';line-height:15pt;font-size:9pt;">Our company prioritizes rewarding investors through growth. As a basic policy, we will prioritize retained earnings for growth strategy investments in the near term, and aim to achieve a market-average dividend payout ratio by strengthening our operational and financial foundations while considering the appropriate timing.</p>

<p class="smt_text6" style="orphans:0;widows:0;text-align:justify;padding-left:21.2pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:7pt;font-family:'ＭＳ 明朝';line-height:15pt;font-size:9pt;">As a basic policy, we will pay dividends once per fiscal year in the near term. However, pursuant to Article 459, Paragraph 1 of the Companies Act, our articles of incorporation provide that dividend distributions may be resolved by the board of directors with a record date of May 31 for year-end dividends and November 30 for interim dividends. For the current fiscal year, based on the above policy, we plan to pay a dividend of 20 yen per share, which will be resolved and implemented at the ordinary general meeting of shareholders scheduled for August 26, 2025.</p>

<p class="smt_text6" style="orphans:0;widows:0;text-align:justify;padding-left:21.2pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:7pt;font-family:'ＭＳ 明朝';line-height:15pt;font-size:9pt;">We will effectively utilize retained earnings to respond to anticipated changes in the business environment and realize future business expansion.</p>

<p class="smt_text6" style="orphans:0;widows:0;text-align:justify;padding-left:21.2pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:7pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:15pt;font-size:10.5pt;"><span style="font-size:9pt;">(Note) Dividend distributions with record dates in the 10th fiscal year are as follows.</span></p>

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<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-top-color:#000000;border-bottom-style:solid;border-bottom-width:0.75pt;border-bottom-color:#000000;border-left-style:solid;border-left-width:0.75pt;border-left-color:#000000;border-right-style:solid;border-right-width:0.75pt;border-right-color:#000000;overflow:hidden;"><p class="smt_tblL" style="orphans:0;widows:0;text-align:center;padding-left:0pt;padding-right:0pt;font-family:'ＭＳ 明朝';line-height:10pt;font-size:9pt;">Total Dividend Amount (Thousands of Yen)</p>
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<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-top-color:#000000;border-bottom-style:solid;border-bottom-width:0.75pt;border-bottom-color:#000000;border-left-style:solid;border-left-width:0.75pt;border-left-color:#000000;border-right-style:solid;border-right-width:0.75pt;border-right-color:#000000;overflow:hidden;"><p class="smt_tblL" style="orphans:0;widows:0;text-align:center;padding-left:4.5pt;padding-right:4.5pt;margin-top:0.5pt;margin-bottom:0.5pt;text-justify:inter-ideograph;text-indent:0pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:10pt;font-size:9pt;"><ix:nonNumeric contextRef="FilingDateInstant_Row1Member" format="ixt:dateyearmonthdaycjk" name="jpcrp_cor:DateOfResolutionDividendsOfSurplus">August 26, 2025</ix:nonNumeric></p><p class="smt_tblL" style="orphans:0;widows:0;text-align:center;padding-left:4.5pt;padding-right:4.5pt;margin-top:0pt;margin-bottom:0pt;text-justify:inter-ideograph;text-indent:0pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:10pt;font-size:9pt;"><ix:nonNumeric contextRef="FilingDateInstant_Row1Member" name="jpcrp_cor:ResolutionDividendsOfSurplus">Shareholders' Meeting Resolution (Planned)</ix:nonNumeric></p>
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<p>Our basic policy is to prioritize retained earnings for growth strategy investments and strengthen our operational and financial foundations, with the aim of achieving a dividend payout ratio in line with market averages. We will maintain dividend payments at one time per year for the time being, and utilize retained earnings effectively to realize future business expansion.</p>

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2025/07/14)	0	20	20	30.0%
FY2025	Actual(2025/07/14)	0	20	20	20.2%
	Revision(2025/05/15)	0	5	20	-
	Forecast(2024/07/12)	0	5	5	-
FY2024	Actual(2024/07/12)	0	5	5	4.3%
FY2023	Actual(2024/07/12)	-	10,000	10,000	4.5%

(189A) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)