<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 determines its basic policy on profit distribution through discussions at Board of Directors meetings attended by independent outside directors.</p><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 believes that building up internal reserves is important to strengthen its financial position for long-term stability of its management foundation and to achieve continuous business expansion and development. Accordingly, since its establishment and including the current fiscal year, the Company has not paid dividends. However, the Company recognizes maximizing shareholder value as one of its important management objectives. Regarding future dividend distributions to shareholders, the Company will consider such distributions by comprehensively taking into account business performance trends, financial condition, future business and investment plans, while maintaining a balance with internal reserves.</p><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 intends to effectively utilize internal reserves as funds to strengthen its financial position for long-term stability of its management foundation and to realize continuous business expansion and development.</p><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;">Interim dividends are decided by the Board of Directors, and year-end dividends are decided by the shareholders' meeting.</p><p class="smt_text2" style="orphans:0;widows:0;">The Company's Articles of Incorporation provide that interim dividends may be paid.</p><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;font-size:15pt;"> </p>

<p>Currently, the company prioritizes building internal reserves and does not pay dividends. Going forward, the company will consider implementing dividends by comprehensively taking into account business performance trends, financial condition, and business plans, while maintaining a balance with internal reserves. Internal reserve funds will be used effectively to strengthen the financial position and expand business operations.</p>

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2025/05/15)	0	0	0	-
FY2025	Actual(2025/05/15)	0	0	0	-
	Forecast(2024/05/15)	0	0	0	-
FY2024	Actual(2024/05/15)	0	0	0	-
	Forecast(2023/05/15)	0	0	0	-
FY2023	Actual(2023/05/15)	0	0	0	-
	Forecast(2022/05/13)	0	0	0	-
FY2022	Actual(2022/05/13)	0	0	0	-
	Forecast(2022/02/14)	0	0	0	-
FY2021	Actual(2022/02/14)	0	0	0	-

(4425) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)