YAMAZAWA CO.,LTD.

<h3>3. Dividend Policy</h3>
The Company regards returning profits to shareholders as an important management priority. Our basic policy is to work toward improving per-share value and implementing stable dividends.
The Company's basic policy is to pay dividends twice annually: an interim dividend and a year-end dividend. The year-end dividend is decided by the shareholders' meeting, while the interim dividend is decided by the board of directors.
Based on this policy, we have decided to pay an annual dividend of 27 yen per share for this fiscal year (of which 13 yen 50 sen per share as interim dividend has already been paid). Retained earnings will be allocated to new store investments and renovation investments to revitalize existing stores, as well as investments in information systems and human resource development, to meet shareholders' expectations.
The Company's articles of incorporation provide that the board of directors may declare an interim dividend with August 31 as the record date each year. The dividends for this fiscal year are as follows:
　　 Resolution Date　　　　　　　　　　　　　 Total Dividend Amount　　　 Dividend per Share
　September 27, 2024　　Board of Directors Resolution　　　　　　　145 million yen　　　　　　13 yen 50 sen
　May 29, 2025　　Shareholders' Meeting Resolution　　　　　　　145 million yen　　　　　　13 yen 50 sen

We consider returning profits to shareholders as a key priority, with a basic policy of increasing per-share value and providing stable dividends. We pay dividends twice a year—an interim dividend and a year-end dividend. We use retained earnings for investments in new store openings, renovations to revitalize existing stores, and investments in information systems and human resource development.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2025/04/14)	13.5	13.5	27	415.8%
FY2025	Actual(2025/04/14)	13.5	13.5	27	-
	Forecast(2024/04/15)	13.5	13.5	27	242.4%
FY2024	Actual(2024/04/15)	13.5	13.5	27	64.4%
	Forecast(2023/04/14)	13.5	13.5	27	183.7%
FY2023	Actual(2023/04/14)	13.5	13.5	27	259.9%
	Forecast(2022/04/12)	13.5	13.5	27	49.1%
FY2022	Actual(2022/04/12)	13.5	13.5	27	80.0%
	Forecast(2021/04/12)	13.5	13.5	27	58.9%
FY2021	Actual(2021/04/12)	13.5	13.5	27	33.5%
	Forecast(2020/10/09)	13.5	13.5	27	-
FY2020	Actual(2020/10/09)	13.5	13.5	27	-

YAMAZAWA CO.,LTD. (9993) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

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Dividend History (Forecasts, Revisions, Actuals)