OBAYASHI ROAD CORPORATION

<h3>3. Dividend Policy</h3>
<p style="margin-left: 24px; text-align: left; text-indent: 12px">Our basic policy is to maintain stable dividends over the long term as our primary objective. We pay dividends according to business performance while taking into account the need to strengthen our financial position and build internal reserves for future technology development and capital investment.</p>
<p style="margin-left: 24px; text-align: left; text-indent: 12px">Our basic policy is to pay year-end dividends from retained earnings once per fiscal year. The decision-making authority for dividend payments rests with the shareholders' meeting.</p>
<p style="margin-left: 24px; text-align: left; text-indent: 12px">We aim to strengthen our financial position by building up internal reserves, which will prepare us for future business expansion.</p>
<p style="margin-left: 24px; margin-bottom: 18px; text-align: left; text-indent: 12px">The dividend from retained earnings for the current fiscal year (86th period) is as follows.</p>
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<p style="margin-left: 6px; text-align: center">Resolution Date</p>
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<p style="text-align: center">Total Dividend Amount<br/>(Million Yen)</p>
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<p style="text-align: center">Dividend per Share<br/>(Yen)</p>
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<p style="text-align: center">June 27, 2017<br/>Annual Shareholders' Meeting Resolution</p>
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<p style="margin-right: 12px; text-align: right">899</p>
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<p style="margin-right: 12px; text-align: right">20</p>
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<p>Our fundamental policy is to maintain stable dividends over the long term while adjusting payouts in accordance with business performance. We distribute dividends once annually at the fiscal year-end, with decisions made at the shareholders' meeting. We retain earnings to strengthen our financial position and prepare for future business development.</p>

OBAYASHI ROAD CORPORATION (E00156) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)