GOLDWIN INC.

<h3>3. Dividend Policy</h3>
The Company recognizes that returning profits to shareholders is one of its most important priorities as a business. We are committed to strengthening our financial position and management foundation while maintaining stable, continuous dividends to our shareholders.
We will make effective use of retained earnings to strengthen our financial base and support future business development.
In the near term, we will continue stable dividends while aiming to increase dividend levels through medium- to long-term profit growth.
Our Articles of Incorporation provide for dividend distributions twice annually—interim and year-end dividends. The Board of Directors has authority to decide on these dividend distributions.
For the fiscal year ended, the year-end dividend was set at 123 yen per share. Combined with the interim dividend of 40 yen per share paid in December 2024, the total annual dividend is 163 yen per share.
Following approval of an Articles of Incorporation amendment at the 61st Annual General Meeting of Shareholders, the Board of Directors now has authority to approve year-end dividends. At the Board meeting held on May 14, 2025, the Board resolved to pay a year-end dividend of 123 yen per share, with an effective date and payment commencement date of June 10, 2025.
Regarding the next dividend, we will comprehensively consider future earnings forecasts and business developments while actively responding to shareholder support. For the interim dividend, we plan to pay 77 yen per share in regular dividends plus 10 yen as a 75th anniversary commemorative dividend, for a total of 87 yen per share. For the year-end dividend, taking into account our plan to implement a 3-for-1 stock split effective October 1, 2025, we plan to pay 29 yen per share in regular dividends. On a pre-split basis, the year-end dividend would be equivalent to 87 yen per share, bringing the total annual dividend to 174 yen per share.
The dividend distributions for this fiscal year are as follows:
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Resolution
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Total Dividend Amount (Millions 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">November 7, 2024</ix:nonNumeric>

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<ix:nonFraction name="jpcrp_cor:TotalAmountOfDividendsDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" unitRef="JPY" decimals="-6" scale="6" format="ixt:numdotdecimal">1,869</ix:nonFraction>

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<ix:nonFraction name="jpcrp_cor:DividendPerShareDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" unitRef="JPYPerShares" decimals="0" scale="0" format="ixt:numdotdecimal">40</ix:nonFraction>

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

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<ix:nonNumeric name="jpcrp_cor:DateOfResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" format="ixt:dateyearmonthdaycjk">May 14, 2025</ix:nonNumeric>

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<ix:nonFraction name="jpcrp_cor:TotalAmountOfDividendsDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" unitRef="JPY" decimals="-6" scale="6" format="ixt:numdotdecimal">5,661</ix:nonFraction>

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<ix:nonFraction name="jpcrp_cor:DividendPerShareDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" unitRef="JPYPerShares" decimals="0" scale="0" format="ixt:numdotdecimal">123</ix:nonFraction>

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<ix:nonNumeric name="jpcrp_cor:ResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" escape="false">Board of Directors</ix:nonNumeric>

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(Note) 1. The total dividend amount based on the Board of Directors resolution of November 7, 2024 includes 68 million yen in dividends on the Company's own shares held in trust.
2. The total dividend amount based on the Board of Directors resolution of May 14, 2025 includes 208 million yen in dividends on the Company's own shares held in trust.

Our basic policy is to provide stable and continuous dividends to shareholders. In the near term, we will maintain stable dividends while aiming to increase dividend levels through medium to long-term profit growth. We will pay dividends twice per year (interim and year-end). We plan to use retained earnings effectively to strengthen our financial foundation and support future business development.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2025/05/14)	87	29	-	-
FY2025	Actual(2025/05/14)	40	123	163	29.9%
	Forecast(2024/05/14)	40	123	163	35.0%
FY2024	Actual(2024/05/14)	30	132	162	30.1%
	Forecast(2023/05/12)	30	85	115	23.9%
FY2023	Actual(2023/05/12)	25	85	110	23.5%
	Forecast(2022/05/13)	25	65	90	25.5%
FY2022	Actual(2022/05/13)	20	65	85	26.9%
	Revision(2022/02/08)	20	55	75	-
	Forecast(2021/05/14)	20	50	70	30.8%
FY2021	Actual(2021/05/14)	15	55	70	29.6%
	Forecast(2020/11/06)	15	45	60	-
FY2020	Actual(2020/11/06)	30	45	-	-

GOLDWIN INC. (8111) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)