The Shikoku Bank, Ltd.

<h3 class="smt_head2">3 [Dividend Policy]</h3>In November 2024, we revised our shareholder return policy and set a target dividend payout ratio of 30% or more of net income attributable to parent company shareholders. We will also conduct flexible and timely share buybacks in consideration of economic conditions, financial position, and other factors.Our basic policy is to pay dividends from surplus twice per year: an interim dividend and a year-end dividend. The decision-making authority for these dividend payments is the shareholders' meeting for the year-end dividend and the board of directors for the interim dividend. We have provisions in our articles of incorporation allowing interim dividends as prescribed in Article 454, Paragraph 5 of the Companies Act. For the interim dividend of this fiscal year, we paid 25 yen per share.For the year-end dividend, based on our shareholder return policy and basic policy, we plan to propose 25 yen per share at the regular shareholders' meeting to be held on June 27, 2025.For future dividends, we will continue to provide appropriate returns under these policies.Regarding retained earnings, we will make effective investments to strengthen our business operations and improve operational efficiency, and continue to enhance our business performance.The dividend from surplus for this fiscal year is 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;"><ix:nonFraction contextRef="FilingDateInstant_Row2Member" decimals="-6" scale="6" format="ixt:numdotdecimal" name="jpcrp_cor:TotalAmountOfDividendsDividendsOfSurplus" unitRef="JPY">1,046</ix:nonFraction>
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</div>　<p class="smt_text2" 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:15pt;">Dividend payments are subject to restrictions under Article 18 of the Banking Act.<p class="smt_text2" 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:15pt;">When paying dividends from surplus, notwithstanding the provisions of Article 445, Paragraph 4 of the Companies Act (regarding the amount of capital and reserves), an amount equal to one-fifth of the surplus amount reduced by the dividend payment must be recorded as capital reserve or earned surplus reserve.<p class="smt_text2" 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:15pt;font-size:9pt;">However, pursuant to Article 17-7-4 of the Banking Act Enforcement Regulations, since the total amount of capital reserve and earned surplus reserve on the date of dividend payment is equal to or exceeds the amount of capital on that date, no recording to capital reserve or earned surplus reserve is required for the dividend payment in this fiscal year.

We aim for a dividend payout ratio of 30% or higher, while flexibly and proactively conducting share buybacks in consideration of economic conditions and financial position. Our basic policy is to distribute dividends twice annually through interim and year-end dividends. We will use retained earnings for effective investments that strengthen our sales capabilities and improve operational efficiency, while working to enhance business performance.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Revision(2025/11/10)	28	28	56	-
	Forecast(2025/05/09)	25	25	50	29.3%
FY2025	Actual(2025/05/09)	25	25	50	30.6%
	Revision(2024/11/11)	25	25	50	-
	Forecast(2024/05/10)	20	20	40	26.0%
FY2024	Actual(2024/05/10)	17.5	22.5	40	22.8%
	Revision(2024/02/06)	17.5	17.5	40	-
	Forecast(2023/05/12)	17.5	17.5	35	28.5%
FY2023	Actual(2023/05/12)	17.5	17.5	35	26.2%
	Forecast(2022/05/13)	17.5	17.5	35	28.0%
FY2022	Actual(2022/05/13)	15	25	40	20.9%
	Revision(2022/04/25)	15	25	30	-
	Forecast(2021/05/14)	15	15	30	24.4%
FY2021	Actual(2021/05/14)	15	15	30	19.1%
	Forecast(2020/11/06)	15	15	30	-
FY2020	Actual(2020/11/06)	15	15	30	-

The Shikoku Bank, Ltd. (8387) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)