Spacemarket Inc.

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<h3 class="smt_head2">3. Dividend Policy</h3>
<h4 class="smt_head3">(1) Basic Dividend Policy</h4><p class="smt_text3" style="orphans:0;widows:0;">The Company considers returning profits to shareholders as one of its important management priorities. However, we believe that the greatest benefit to shareholders comes from strengthening our financial position, building internal reserves for business expansion, and allocating operational efficiencies toward investments in growth.</p><p class="smt_text3" style="orphans:0;widows:0;text-align:justify;padding-left:18pt;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>
<h4 class="smt_head3">(2) Basic Policy on Dividend Frequency per Fiscal Year</h4><p class="smt_text3" style="orphans:0;widows:0;">Based on this approach, the Company has not paid dividends since its founding and intends to continue prioritizing the buildup of internal reserves in the near term. In the future, while strengthening earnings capacity and establishing a solid business foundation, the Company plans to provide stable and consistent profit returns to shareholders, taking into account the status of internal reserves and the business environment. However, the timing and feasibility of dividend implementation remain undetermined at this time.</p><p class="smt_text3" style="orphans:0;widows:0;text-align:justify;padding-left:18pt;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>
<h4 class="smt_head3">(3) Dividend Decision Authority</h4><p class="smt_text3" style="orphans:0;widows:0;">Interim dividends are decided by the Board of Directors, while year-end dividends are decided by the shareholders' meeting.</p><p class="smt_text3" style="orphans:0;widows:0;text-align:justify;padding-left:18pt;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>
<h4 class="smt_head3">(4) Dividend Decision Approach for the Current Fiscal Year and Use of Internal Reserves</h4><p class="smt_text3" style="orphans:0;widows:0;">In accordance with the policy stated in (1) above, the Company has not paid dividends since its founding and has not distributed surplus dividends in the current fiscal year. Internal reserves will be used as long-term capital resources for business expansion.</p><p class="smt_text3" style="orphans:0;widows:0;text-align:justify;padding-left:18pt;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>
<h4 class="smt_head3">(5) Interim Dividends</h4><p class="smt_text3" style="orphans:0;widows:0;">The Company's Articles of Incorporation provide for the possibility of interim dividends as prescribed in Article 454, Paragraph 5 of the Companies Act.</p><p class="smt_text6" style="orphans:0;widows:0;text-align:justify;padding-left:0pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:0pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:15pt;font-size:15pt;"> </p>

<p>For the time being, the company prioritizes strengthening its financial position and building internal reserves for business expansion, and does not plan to pay dividends. Looking ahead, the company aims to provide stable and continuous returns to shareholders while enhancing profitability and establishing a stronger business foundation, taking into account internal reserve levels and the business environment. Internal reserves will be used as a medium to long-term source of funding for business expansion.</p>

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	-
	Forecast(2024/02/09)	0	0	0	-
FY2023	Actual(2024/02/09)	0	0	0	-
	Forecast(2023/02/10)	0	0	0	-
FY2022	Actual(2023/02/10)	0	0	0	-
	Forecast(2022/02/14)	0	0	0	-
FY2021	Actual(2022/02/14)	0	0	0	-
	Forecast(2021/02/10)	0	0	0	-
FY2020	Actual(2021/02/10)	0	0	0	-
	Forecast(2020/11/06)	0	0	0	-
FY2019	Actual(2020/11/06)	0	0	0	-

Spacemarket Inc. (4487) Dividends

Dividend Policy

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Dividend History (Forecasts, Revisions, Actuals)