Naito&Co.,Ltd.

<h3 class="smt_head2">3 [Dividend Policy]</h3>

<p class="smt_text2" style="orphans:0;widows:0;">Our basic policy is to secure internal reserves to strengthen our financial position and prepare for future business development, while working to return profits to our shareholders. Dividend decisions are made by taking into account business performance trends and the future management environment.</p>

<p class="smt_text2" style="orphans:0;widows:0;">Our basic policy is to pay dividends once per year as a year-end dividend. Regarding interim dividends, our articles of incorporation provide that "the Board of Directors may resolve to pay interim dividends with August 31 as the record date each year," and we implement interim dividends based on mid-term business performance. The year-end dividend is decided by the shareholders' meeting, while the interim dividend is decided by the Board of Directors.</p>

<p class="smt_text2" style="orphans:0;widows:0;">The dividend per share for surplus at the end of this fiscal year is 4 yen.</p>

<p class="smt_text2" style="orphans:0;widows:0;">Internal reserves are maintained to preserve strong creditworthiness through a solid financial position and to prepare for strengthening our corporate structure and future business development.</p>

<p class="smt_text6" style="orphans:0;widows:0;"> </p>

<p class="smt_text6" style="orphans:0;widows:0;">(Note) Dividends of surplus with record dates in this fiscal year are as follows:</p>

<div class="tbld" style="margin-left:0.5pt;margin-right:0pt;margin-top:0pt;margin-bottom:0pt;">
<table cellspacing="0" cellpadding="0" style="border-collapse:collapse;border:solid 0pt #000000;width:446.1pt;table-layout:fixed;">
<colgroup>
<col style="width:180.5pt;min-width:180.5pt;"/>
<col style="width:132.8pt;min-width:132.8pt;"/>
<col style="width:132.8pt;min-width:132.8pt;"/>
</colgroup>
<tr style="height:1pt;min-height:1pt;">
<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;"><p class="smt_tblL" style="orphans:0;widows:0;text-align:center;padding-left:5.4pt;padding-right:5.4pt;margin-top:0.0pt;margin-bottom:0.0pt;letter-spacing:0pt;line-height:18.0pt;">Date of Resolution</p>
</td>
<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;"><p class="smt_tblL" style="orphans:0;widows:0;text-align:center;padding-left:5.4pt;padding-right:5.4pt;line-height:10.5pt;">Total Dividend Amount<br/>(Millions of Yen)</p>
</td>
<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;"><p class="smt_tblL" style="orphans:0;widows:0;text-align:center;padding-left:5.4pt;padding-right:5.4pt;margin-top:0pt;margin-bottom:0pt;text-justify:inter-ideograph;text-indent:0pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:10.5pt;">Dividend Per Share<br/>(Yen)</p>
</td>
</tr>
<tr style="height:0.8pt;min-height:0.8pt;">
<td valign="top" style="vertical-align:top;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;"><p class="smt_tblL" style="orphans:0;widows:0;text-align:justify;padding-left:5.4pt;padding-right:5.4pt;margin-top:0pt;margin-bottom:0pt;text-justify:inter-ideograph;text-indent:0pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:10.5pt;font-size:9pt;"><ix:nonNumeric contextRef="FilingDateInstant_Row1Member" format="ixt:dateerayearmonthdayjp" name="jpcrp_cor:DateOfResolutionDividendsOfSurplus">May 20, 2025</ix:nonNumeric></p><p class="smt_tblL" style="orphans:0;widows:0;text-align:justify;padding-left:5.4pt;padding-right:5.4pt;margin-top:0pt;margin-bottom:0pt;text-justify:inter-ideograph;text-indent:0pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:10.5pt;font-size:9pt;"><ix:nonNumeric contextRef="FilingDateInstant_Row1Member" name="jpcrp_cor:ResolutionDividendsOfSurplus">Annual Shareholders' Meeting</ix:nonNumeric></p>
</td>
<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;"><p class="smt_tblL" style="orphans:0;widows:0;text-align:right;padding-left:5.4pt;padding-right:5.4pt;margin-top:0pt;margin-bottom:0pt;text-justify:inter-ideograph;text-indent:0pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:18pt;font-size:9pt;"><ix:nonFraction contextRef="FilingDateInstant_Row1Member" decimals="-6" scale="6" format="ixt:numdotdecimal" name="jpcrp_cor:TotalAmountOfDividendsDividendsOfSurplus" unitRef="JPY">219</ix:nonFraction></p>
</td>
<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;"><p class="smt_tblL" style="orphans:0;widows:0;text-align:right;padding-left:5.4pt;padding-right:5.4pt;margin-top:0pt;margin-bottom:0pt;text-justify:inter-ideograph;text-indent:0pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:18pt;font-size:9pt;"><ix:nonFraction contextRef="FilingDateInstant_Row1Member" decimals="2" scale="0" format="ixt:numdotdecimal" name="jpcrp_cor:DividendPerShareDividendsOfSurplus" unitRef="JPYPerShares">4.00</ix:nonFraction></p>
</td>
</tr>
</table><p style="clear:both; line-height:0.75pt; width:100%; font-size:0.75pt;"> </p>
</div>

<p>Our dividend policy aims to balance retaining earnings within the company while returning profits to shareholders. We determine dividends by considering business performance trends and the operating environment. Our basic policy is to pay dividends once annually at the fiscal year-end, with interim dividends paid based on mid-term performance. We retain earnings to maintain a strong financial position, strengthen our business foundation, and prepare for future business opportunities.</p>

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2027	Forecast(2026/03/26)	0	4	4	81.1%
FY2026	Actual(2026/03/26)	0	4	4	77.1%
	Revision(2025/12/24)	0	3	3	-
	Forecast(2025/03/27)	0	4	4	62.6%
FY2025	Actual(2025/03/27)	0	4	4	69.7%
	Revision(2024/09/25)	0	3	3	-
	Forecast(2024/03/26)	0	5	5	43.5%
FY2024	Actual(2024/03/26)	0	4	4	63.4%
	Forecast(2023/03/28)	0	4	4	43.8%
FY2023	Actual(2023/03/28)	0	4	4	29.9%
	Forecast(2022/03/29)	0	3	3	29.9%
FY2022	Actual(2022/03/29)	0	3	3	36.6%
	Forecast(2021/03/29)	0	3	3	46.9%
FY2021	Actual(2021/03/29)	0	2	2	39.8%
	Forecast(2020/09/28)	0	2	2	-
FY2020	Actual(2020/09/28)	0	4	4	-

Naito&Co.,Ltd. (7624) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)