KOA SHOJI HOLDINGS CO.,LTD.

<h3>3. Dividend Policy</h3>
<p style="margin-left: 25.933333333333333333333333333px; text-align: justify; text-justify: inter-ideograph; text-indent: 9.466666666666666666666666667px">The Company regards returning profits to shareholders as one of its key management priorities. While maintaining sufficient internal reserves necessary to support future corporate growth and adapt to changes in the business environment, the Company's basic policy is to increase dividends annually in principle. Regarding dividends, the Company's basic policy is to distribute surplus earnings once per fiscal year as a year-end dividend. The Company will continue to allocate management resources to business fields with growth potential, thereby working to achieve sustainable corporate growth and improve corporate and shareholder value over the medium to long term. Based on these policies, the Company has decided to pay a year-end dividend of 16 yen per share for the current fiscal year.</p>
<p style="margin-left: 24px; text-align: left">Under the Company's Articles of Incorporation, matters specified in Article 459, Paragraph 1 of the Companies Act may be determined by Board of Directors resolution without requiring a shareholders' meeting resolution. However, the distribution of surplus earnings requires a shareholders' meeting resolution. The Articles of Incorporation also provide that the Company may set record dates for dividend distributions on two occasions annually—the year-end dividend record date (June 30) and the interim dividend record date (December 31)—as well as on other dates as determined.</p>
<p style="margin-left: 24px; text-align: left">The surplus earnings distributions for the current fiscal year are as follows.</p>
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<p style="margin-left: 6px; margin-right: 6px; text-align: center">Date of Resolution</p>
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<p style="margin-left: 6px; margin-right: 6px; text-align: center">Total Dividend Amount (Thousands of Yen)</p>
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<p style="margin-left: 6px; margin-right: 6px; text-align: center">Dividend per Share (Yen)</p>
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<ix:nonNumeric name="jpcrp_cor:DateOfResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" format="ixt:dateyearmonthdaycjk">September 26, 2025</ix:nonNumeric>
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<ix:nonNumeric name="jpcrp_cor:ResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" escape="false">Annual Shareholders' Meeting Resolution</ix:nonNumeric>
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<ix:nonFraction name="jpcrp_cor:TotalAmountOfDividendsDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" unitRef="JPY" decimals="-3" scale="3" format="ixt:numdotdecimal">673,896</ix:nonFraction>
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<p style="margin-left: 6px; margin-right: 6px; text-align: right">
<ix:nonFraction name="jpcrp_cor:DividendPerShareDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" unitRef="JPYPerShares" decimals="2" scale="0" format="ixt:numdotdecimal">16.00</ix:nonFraction>
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<p style="margin-left: 36px; text-align: left; text-indent: -12px">(For Reference)</p>
<p style="margin-left: 32px; text-align: left; text-indent: 8px">The Company's Board of Directors resolved to change its dividend policy on August 9, 2024.</p>
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<p style="margin-left: 6px; margin-right: 6px; text-align: left">Previous Policy</p>
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<p style="margin-left: 6px; margin-right: 6px; text-align: left; line-height: 1">The Company regards returning profits to shareholders as one of its key management priorities. While maintaining sufficient internal reserves necessary to support future corporate growth and adapt to changes in the business environment, the Company's basic policy is to implement <span style="text-decoration: underline">a stable dividend policy</span>. Regarding dividends, the Company distributes surplus earnings once per fiscal year as a year-end dividend.</p>
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<p style="margin-left: 6px; margin-right: 6px; text-align: left">New Policy</p>
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<p style="margin-left: 6px; margin-right: 6px; text-align: left; line-height: 1">The Company regards returning profits to shareholders as one of its key management priorities. While maintaining sufficient internal reserves necessary to support future corporate growth and adapt to changes in the business environment, the Company's basic policy is to <span style="text-decoration: underline">increase dividends annually in principle</span>. Regarding dividends, the Company distributes surplus earnings once per fiscal year as a year-end dividend.</p>
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<p style="margin-left: 36px; text-align: left; text-indent: -36px"> </p>
<p style="margin-left: 36px; text-align: left; text-indent: -36px"> </p>
<p style="margin-left: 36px; text-align: left; text-indent: -36px"> </p>
<p style="text-align: left"> </p>

<p>As a basic policy, the Company aims to increase dividends annually in principle, and distributes surplus earnings once a year as a year-end dividend. While considering the need to build internal reserves to support future business growth and adapt to changes in the operating environment, the Company seeks to enhance corporate value and shareholder value over the medium to long term through allocating management resources to business fields with growth potential.</p>

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Revision(2026/02/09)	0	18	18	-
	Forecast(2025/08/08)	0	17	17	19.7%
FY2025	Actual(2025/08/08)	0	16	16	18.5%
	Revision(2025/02/12)	0	15	15	-
	Forecast(2024/08/09)	0	14	14	19.1%
FY2024	Actual(2024/08/09)	0	13	13	17.5%
	Revision(2024/02/13)	0	13	13	-
	Forecast(2023/08/10)	0	12	12	17.2%
FY2023	Actual(2023/08/10)	0	12	12	17.7%
	Revision(2023/02/10)	0	12	12	-
	Forecast(2022/08/10)	0	11	11	17.8%
FY2022	Actual(2022/08/10)	0	11	11	18.5%
	Revision(2022/02/10)	0	11	11	-
	Forecast(2021/08/11)	0	10	10	19.2%
FY2021	Actual(2021/08/11)	0	10	10	18.5%
	Revision(2021/05/13)	0	10	10	-
	Revision(2021/03/22)	0	9	9	-
	Revision(2020/11/12)	0	17	17	-
	Forecast(2020/10/07)	0	17	34	-
FY2020	Actual(2020/10/07)	0	34	34	-

KOA SHOJI HOLDINGS CO.,LTD. (9273) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)