Kuroda Group Co., Ltd.

<h3>3. Dividend Policy</h3>
We believe that continuing and developing our business together with our business partners leads to long-term profit distribution to our shareholders. Based on this perspective, we have established the following basic policy regarding dividends.
(1) To achieve stable dividends, we adopt DOE (Dividend on Equity) based on the equity attributable to owners of the parent company at the beginning of the fiscal year (excluding other comprehensive income), and set a target level of 7% for annual dividend payments.
(2) We plan to implement progressive dividends (see note below) over several years.
(3) We maintain cash and cash equivalents at approximately one month of monthly sales. We will flexibly consider and implement additional shareholder returns from surplus funds, taking into account "growth investments" and "financial soundness."
(4) Dividends are paid twice annually: interim and year-end dividends.
(5) The Board of Directors determines the year-end dividend.
(6) Retained earnings are allocated to growth investments such as technology development, DX, and M&A.
 
(Note) Progressive dividends refer to a dividend policy that, in principle, does not reduce dividends and maintains or increases dividend payments.
 
Our Articles of Incorporation provide that the Board of Directors may declare interim dividends with September 30 as the record date each year.

To achieve stable dividends, we target a DOE (Dividend on Equity) of 7% as our baseline, with a basic policy of progressive dividend increases over several years. Dividends are paid twice annually. Surplus funds will be flexibly allocated to growth investments and financial soundness, with additional shareholder returns considered on an opportunistic basis. Retained earnings are allocated to growth investments including technology development, digital transformation, and M&A.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2027	Forecast(2026/05/15)	31	32	63	65.2%
FY2026	Actual(2026/05/15)	30	31	61	73.5%
	Forecast(2025/05/15)	30	31	61	64.7%
FY2025	Actual(2025/05/15)	0	60	60	65.1%
	Forecast(2025/02/13)	0	60	60	-
FY2024	Actual(2025/02/13)	0	0	0	-

Kuroda Group Co., Ltd. (287A) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)