Showa Holdings Co.,Ltd.

<h3 class="smt_head2">3 [Dividend Policy]</h3>Our basic approach to profit distribution is to pay dividends in line with earnings performance. However, we determine our dividend policy by also taking into account the need to strengthen our financial position to withstand intensifying competition in our industry, and to build sufficient retained earnings to prepare for future business expansion. Given our current rapid business growth and the expanding investment opportunities centered on overseas expansion across all business segments as described in our segment outlook, we believe that capturing these investment opportunities and expanding operating profit is the most effective way to enhance shareholder value.Regarding the timing of dividend payments, we have set two dividend payments per year: a year-end dividend and an interim dividend. The year-end dividend is decided by the shareholders' meeting, while the interim dividend is decided by the board of directors.Going forward, we will continue to implement the most appropriate shareholder returns according to circumstances.

Our basic dividend policy is to distribute dividends in line with earnings performance. We implement dividends twice annually—at the end of the fiscal year and at the interim period. We aim to build up retained earnings to respond to intensifying competition in our industry and prepare for future business expansion. In particular, we plan to use retained earnings to support increased investment opportunities, especially for overseas expansion across our business divisions.

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(2022/05/11)	0	0	0	-
FY2022	Actual(2022/05/11)	0	0	0	-
	Forecast(2021/05/17)	0	0	0	-
FY2021	Actual(2021/05/17)	0	0	0	-
	Forecast(2020/12/15)	0	0	0	-
FY2020	Actual(2020/12/15)	0	0	0	-

Showa Holdings Co.,Ltd. (5103) Dividends

Dividend Policy

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Dividend History (Forecasts, Revisions, Actuals)