<h3 class="smt_head2">3 [Dividend Policy]</h3><p class="smt_text2" style="orphans:0;widows:0;text-align:justify;padding-left:9pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:9pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:15pt;">The Company aims to enhance corporate value on a medium to long-term and sustainable basis. To achieve this, we recognize the importance of actively pursuing real estate acquisitions with financing support for partner medical institutions in light of future growth, making advance investments in new businesses, and engaging in capital and business alliances. At present, we believe it is appropriate to prioritize building internal reserves and investing in business expansion and efficiency improvements to increase corporate value.For the current fiscal year, we prioritized securing internal reserves and did not pay dividends for the reasons stated above. We intend to use internal reserves for advance investments in future new business development and investments in strengthening our management infrastructure, including personnel expansion and development.Going forward, we will consider returning profits to shareholders while taking into account our operating results and financial position for each period. However, the timing and other details of dividend payments have not been determined at this time.When dividends are paid, we will generally pay dividends twice per year—interim and year-end dividends. The decision-making authority for dividends is the shareholders' meeting. The Company's articles of incorporation provide that the Board of Directors may declare dividends as defined in Article 454, Paragraph 5 of the Companies Act.<p class="smt_text6" style="orphans:0;widows:0;text-align:justify;padding-left:9pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:9pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:15pt;font-size:15pt;">

At present, we prioritize building up retained earnings for future growth, which we plan to allocate toward real estate acquisitions, advance investments in new business ventures, and capital and business alliances. In the future, we will consider returning profits to shareholders while taking into account our operating results and financial position in each period. However, the timing of dividend implementation remains undecided. When we do distribute dividends from retained earnings, we plan to do so twice per year as a general rule.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2026/02/13)	0	0	0	-
FY2025	Actual(2026/02/13)	0	0	0	-
	Forecast(2025/02/14)	0	0	0	-
FY2024	Actual(2025/02/14)	0	0	0	-
FY2023	Actual(2025/02/14)	0	0	0	-

【JP:286A】Dividends

Dividend Policy

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Dividend History (Forecasts, Revisions, Actuals)