SHIMANO INC.

<h3 class="smt_head2">3 [Dividend Policy]</h3>
The Company views returning profits to shareholders as an important management priority. Our basic policy is to maintain stable and continuous dividends while distributing earnings in line with business performance. We will continue to enhance dividends and conduct flexible share buybacks, targeting a total shareholder return ratio of at least 50%, thereby working to improve shareholder returns.
<p class="smt_text6" 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:14pt;font-size:9pt;">Based on this basic policy, the year-end dividend for this period was set at 154.50 yen per share, an increase of 12 yen from the same period last year. As a result, the annual dividend for this fiscal year is 309 yen per share, an increase of 24 yen from the previous fiscal year.
<p class="smt_text6" 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:14pt;font-size:9pt;">For the next fiscal year, we plan an annual dividend of 339 yen per share (interim dividend of 169.50 yen and year-end dividend of 169.50 yen).
Retained earnings will be used to strengthen our financial position, optimize our capital structure, and support future business development.
Our basic policy is to pay dividends twice per year: an interim dividend and a year-end dividend. The interim dividend is decided by the Board of Directors, and the year-end dividend is decided by the shareholders' meeting.
The Company's Articles of Incorporation provide that the Board of Directors may pay interim dividends pursuant to Article 454, Paragraph 5 of the Companies Act.
The dividends with record dates in this fiscal year are as follows:
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<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-bottom-style:solid;border-bottom-width:0.75pt;border-left-style:solid;border-left-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;">Total Dividend Amount (Million Yen)
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<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-bottom-style:solid;border-bottom-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;"><p class="smt_tblL" style="orphans:0;widows:0;text-align:justify;padding-left:0pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-justify:inter-ideograph;text-indent:0pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:10pt;font-size:9pt;"><ix:nonNumeric contextRef="FilingDateInstant_Row2Member" name="jpcrp_cor:ResolutionDividendsOfSurplus">Annual Shareholders' Meeting Resolution</ix:nonNumeric>
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Our basic dividend policy is to maintain stable and continuous dividends while distributing profits in line with business performance. We aim for a total shareholder return ratio of at least 50% through enhanced dividends and flexible share buybacks. We distribute dividends twice annually—interim and year-end dividends—as our standard practice. Retained earnings are allocated to strengthen our financial position, optimize our capital structure, and support future business development.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2026/02/10)	181.5	181.5	363	-
FY2025	Actual(2026/02/10)	169.5	169.5	339	87.3%
	Forecast(2025/02/12)	169.5	169.5	339	-
FY2024	Actual(2025/02/12)	154.5	154.5	309	36.2%
	Revision(2024/07/30)	154.5	154.5	309	-
	Forecast(2024/02/13)	142.5	142.5	285	-
FY2023	Actual(2024/02/13)	142.5	142.5	285	42.1%
	Forecast(2023/02/14)	142.5	142.5	285	-
FY2022	Actual(2023/02/14)	117.5	142.5	260	18.5%
	Forecast(2022/02/08)	117.5	117.5	235	-
FY2021	Actual(2022/02/08)	117.5	117.5	235	18.8%
	Revision(2021/07/27)	117.5	117.5	235	-
	Forecast(2021/02/09)	77.5	77.5	155	-
FY2020	Actual(2021/02/09)	77.5	277.5	355	51.8%
	Forecast(2020/10/27)	77.5	77.5	155	-
FY2019	Actual(2020/10/27)	77.5	77.5	155	-

SHIMANO INC. (7309) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)