ASKA pharmaceutical Co., Ltd.

<h3>3. Dividend Policy</h3>
The Company regards returning profits to shareholders as one of its important management priorities. Regarding profit distribution, we maintain stable and continuous dividends as our basic principle, taking into comprehensive consideration consolidated business results, medium to long-term capital requirements, and financial condition.
The Company's basic policy is to pay dividends from surplus twice per year: 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.
For the current fiscal year, we are implementing stable dividends as our basic approach. The year-end dividend is 10 yen per share (regular dividend 7 yen, 100th anniversary commemorative dividend 3 yen), and combined with the interim dividend of 7 yen, the annual dividend totals 17 yen per share. Retained earnings will be used for research and development investments, production equipment investments, and other purposes to further improve profitability and strengthen our corporate foundation.
The Company's articles of incorporation provide that the board of directors may declare an interim dividend with September 30 as the record date each year.
The dividends from surplus for the current fiscal year are as follows.
<div>
<table style="table-layout: fixed; width: 480px" cellpadding="0" cellspacing="0">
<colgroup>
<col style="width: 160px"/>
<col style="width: 160px"/>
<col style="width: 160px"/>
</colgroup>
<tbody>
<tr>
<td style="width: 159px; border-left: 1px solid transparent; border-right: 1px solid transparent"/>
<td style="width: 159px; border-left: 1px solid transparent; border-right: 1px solid transparent"/>
<td style="border-left: 1px solid transparent; border-right: 1px solid transparent"/>
</tr>
<tr style="min-height: 27px">
<td style="border-left: 1px solid #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000; vertical-align: middle">

Date of Resolution

</td>
<td style="border-left: 1px solid #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000; vertical-align: middle">

Total Dividend Amount (Millions of Yen)

</td>
<td style="border-left: 1px solid #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000; vertical-align: middle">

Dividend per Share (Yen)

</td>
</tr>
<tr style="min-height: 1.33000004291534px">
<td style="border-left: 1px solid #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px none #000000; vertical-align: middle">

<ix:nonNumeric name="jpcrp_cor:DateOfResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" format="ixt:dateyearmonthdaycjk">November 5, 2019</ix:nonNumeric>

</td>
<td rowspan="2" style="border-left: 1px none #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000; vertical-align: middle">

<ix:nonFraction name="jpcrp_cor:TotalAmountOfDividendsDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" unitRef="JPY" decimals="-6" scale="6" format="ixt:numdotdecimal">199</ix:nonFraction>

</td>
<td rowspan="2" style="border-left: 1px solid #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000; vertical-align: middle">

<ix:nonFraction name="jpcrp_cor:DividendPerShareDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" unitRef="JPYPerShares" decimals="0" scale="0" format="ixt:numdotdecimal">7</ix:nonFraction>

</td>
</tr>
<tr style="min-height: 1.33000004291534px">
<td style="border-left: 1px solid #000000; border-top: 1px none #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000; vertical-align: middle">

<ix:nonNumeric name="jpcrp_cor:ResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" escape="false">Board of Directors Resolution</ix:nonNumeric>(Note) 1

</td>
</tr>
<tr style="min-height: 1.33000004291534px">
<td style="border-left: 1px solid #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px none #000000; vertical-align: middle">

<ix:nonNumeric name="jpcrp_cor:DateOfResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" format="ixt:dateyearmonthdaycjk">June 25, 2020</ix:nonNumeric>

</td>
<td rowspan="2" style="border-left: 1px none #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000; vertical-align: middle">

<ix:nonFraction name="jpcrp_cor:TotalAmountOfDividendsDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" unitRef="JPY" decimals="-6" scale="6" format="ixt:numdotdecimal">284</ix:nonFraction>

</td>
<td rowspan="2" style="border-left: 1px solid #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000; vertical-align: middle">

<ix:nonFraction name="jpcrp_cor:DividendPerShareDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" unitRef="JPYPerShares" decimals="0" scale="0" format="ixt:numdotdecimal">10</ix:nonFraction>

</td>
</tr>
<tr style="min-height: 1.33000004291534px">
<td style="border-left: 1px solid #000000; border-top: 1px none #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000; vertical-align: middle">

<ix:nonNumeric name="jpcrp_cor:ResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" escape="false">Annual Shareholders' Meeting Resolution</ix:nonNumeric>(Note) 2, 3

</td>
</tr>
</tbody>
</table>
</div>
 
(Note) 1. The total dividend amount from the Board of Directors resolution of November 5, 2019 includes 1 million yen for Japan Master Trust Bank Co., Ltd. (Employee Stock Ownership Plan Trust Account, 76,361 units).
2. The total dividend amount from the Annual Shareholders' Meeting resolution of June 25, 2020 includes 1 million yen for Japan Master Trust Bank Co., Ltd. (Employee Stock Ownership Plan Trust Account, 76,361 units).
3. Of the dividend per share from the Annual Shareholders' Meeting resolution of June 25, 2020, 3 yen is the 100th anniversary commemorative dividend.

Our basic policy is to maintain stable, continuous dividends. We determine profit distribution by comprehensively considering consolidated business results, medium to long-term capital needs, and financial condition. We implement dividends twice annually as a standard practice: interim dividends and year-end dividends. We allocate retained earnings to research and development investments and production facility investments to enhance profitability and strengthen our corporate foundation.

ASKA pharmaceutical Co., Ltd. (E00929) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)