Marumae Co.,Ltd.

<h3>3. Dividend Policy</h3>
The Company recognizes the return of profits to shareholders as an important management policy. We are committed to returning profits to shareholders through dividends while taking into account our business performance and financial condition.
Our basic policy is to pay dividends twice per year: an interim dividend and a year-end dividend.
The year-end dividend is decided by the shareholders' meeting, while the interim dividend is decided by the board of directors.
For the current fiscal year, based on the above policy, we have implemented an interim dividend of 15 yen per share and plan to implement a year-end dividend of 25 yen per share, which will be resolved at the regular shareholders' meeting scheduled for November 27, 2025. As a result, the dividend payout ratio for the current fiscal year will be 37.5%.
We intend to invest retained earnings effectively to support future business development and strengthen our financial position.
Regarding future profit distribution, we aim to implement long-term investments while considering business performance and financial condition, and to pursue profit distribution based on profitability. We plan to gradually incorporate dividend payout ratio considerations into our dividend calculations. As noted in the third quarter financial results supplement and medium-term business plan materials announced on July 11, 2025, we will review dividends if final results are negative. However, we target a dividend payout ratio of 35% or higher, with a minimum annual dividend of 30 yen per share (minimum interim dividend of 15 yen and year-end dividend of 15 yen).
Our articles of incorporation provide that the board of directors may resolve to pay an interim dividend with a record date of the last day of February each year.
Dividends with record dates in the current fiscal year are as follows:
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Date of Resolution
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Total Dividend Amount (Thousands of Yen)
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Dividend per Share (Yen)
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<ix:nonNumeric name="jpcrp_cor:DateOfResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" format="ixt:dateyearmonthdaycjk">April 4, 2025</ix:nonNumeric>

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<ix:nonFraction name="jpcrp_cor:TotalAmountOfDividendsDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" unitRef="JPY" decimals="-3" scale="3" format="ixt:numdotdecimal">189,934</ix:nonFraction>

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<ix:nonFraction name="jpcrp_cor:DividendPerShareDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" unitRef="JPYPerShares" decimals="0" scale="0" format="ixt:numdotdecimal">15</ix:nonFraction>

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<ix:nonNumeric name="jpcrp_cor:ResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" escape="false">Board of Directors Resolution</ix:nonNumeric>

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<ix:nonNumeric name="jpcrp_cor:DateOfResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" format="ixt:dateyearmonthdaycjk">November 27, 2025</ix:nonNumeric>

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<ix:nonFraction name="jpcrp_cor:TotalAmountOfDividendsDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" unitRef="JPY" decimals="-3" scale="3" format="ixt:numdotdecimal">316,557</ix:nonFraction>

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<ix:nonFraction name="jpcrp_cor:DividendPerShareDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" unitRef="JPYPerShares" decimals="0" scale="0" format="ixt:numdotdecimal">25</ix:nonFraction>

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<ix:nonNumeric name="jpcrp_cor:ResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" escape="false">Regular Shareholders' Meeting Resolution (Planned)</ix:nonNumeric>

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Our basic policy is to return profits to shareholders through dividends while taking into account our business performance and financial condition. We implement dividends twice a year—an interim dividend and a year-end dividend. We target a dividend payout ratio of 35% or higher, with a minimum annual dividend of 30 yen per share. We reinvest retained earnings in strategic growth opportunities and strengthening our financial position.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Revision(2026/04/03)	38	19	-	-
	Forecast(2025/10/10)	28	28	56	41.7%
FY2025	Actual(2025/10/10)	15	25	40	37.3%
	Forecast(2024/10/11)	15	15	30	-
FY2024	Actual(2024/10/11)	10	20	30	1935.5%
	Forecast(2023/10/06)	10	20	30	94.8%
FY2023	Actual(2023/10/06)	18	18	36	64.4%
	Forecast(2022/10/07)	18	18	36	37.9%
FY2022	Actual(2022/10/07)	22	26	48	33.7%
	Revision(2022/03/30)	22	22	44	-
	Revision(2022/02/09)	22	22	36	-
	Forecast(2021/10/08)	18	18	36	37.0%
FY2021	Actual(2021/10/08)	10	14	24	34.0%
	Revision(2021/06/30)	10	12	22	-
	Revision(2021/03/30)	10	12	20	-
	Forecast(2020/10/08)	10	10	20	47.6%
FY2020	Actual(2020/10/08)	5	12	17	31.9%
	Forecast(2020/09/11)	5	12	17	-
FY2019	Actual(2020/09/11)	10	5	15	-

Marumae Co.,Ltd. (6264) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)