DYNAM JAPAN HOLDINGS Co., Ltd.

<h3 class="smt_head2">3 [Dividend Policy]</h3>
The Company implements interim and year-end dividends in accordance with distributable amounts and applicable laws in Japan and Hong Kong. Dividend amounts are determined by the Board of Directors taking into account the Company's interim and full-year financial performance. The Company positions profit returns linked to consolidated earnings as one of its important priorities. As a basic policy, the Company implements dividends of no less than 35% of consolidated net income calculated under IFRS.
Under the Companies Act and the Articles of Incorporation, the Company may determine dividends to shareholders within the scope of distributable amounts by Board of Directors resolution, except in cases of dividends in kind that do not grant shareholders the right to receive cash. Under the Companies Act and related ministerial ordinances, the Company's distributable amount is calculated by adjusting the surplus shown in the individual financial statements prepared under Japanese accounting standards, including deductions for the book value of treasury stock. Shareholders may choose to receive cash dividends in either Japanese yen or Hong Kong dollars. However, beneficial owners in the Central Clearing and Settlement System (CCASS) receive dividends only in Hong Kong dollars.
The Articles of Incorporation provide that the Company may distribute dividends from surplus by Board of Directors resolution, with a specified record date.
Retained earnings are planned to be effectively utilized to strengthen the Company's operational foundation, including opening new pachinko hall locations and maintenance investments in existing facilities.
 
(Note) Dividends from surplus resolved based on the consolidated fiscal year's performance are as follows.
<div class="tbld" style="margin-left:31.2pt;margin-right:0pt;margin-top:0pt;margin-bottom:0pt;">
<table cellspacing="0" cellpadding="0" style="border-collapse:collapse;border:solid 0pt #000000;width:436.6pt;">
<colgroup>
<col style="width:153pt;min-width:153pt;"/>
<col style="width:141.8pt;min-width:141.8pt;"/>
<col style="width:141.8pt;min-width:141.8pt;"/>
</colgroup>
<tr style="height:22.7pt">
<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;">
Resolution Date
</td>
<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;">
Total Dividend Amount (Million Yen)
</td>
<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;">
Dividend per Share (Yen)
</td>
</tr>
<tr style="height:11.3pt">
<td valign="bottom" style="vertical-align:bottom;border-top-style:solid;border-top-width:0.75pt;border-left-style:solid;border-left-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;">
November 21, 2017
</td>
<td valign="middle" rowspan="2" 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;">
4,596
</td>
<td valign="middle" rowspan="2" 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;">
6.00
</td>
</tr>
<tr style="height:11.3pt">
<td valign="top" style="vertical-align:top;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;">
Board of Directors Resolution
</td>
</tr>
<tr style="height:11.3pt">
<td valign="bottom" style="vertical-align:bottom;border-top-style:solid;border-top-width:0.75pt;border-left-style:solid;border-left-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;">
May 23, 2018
</td>
<td valign="middle" rowspan="2" 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;">
4,596
</td>
<td valign="middle" rowspan="2" 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;">
6.00
</td>
</tr>
<tr style="height:11.3pt">
<td valign="top" style="vertical-align:top;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;">
Board of Directors Resolution
</td>
</tr>
</table>
 
</div>

We position profit returns linked to consolidated business performance as one of our key priorities. Our basic policy is to implement dividends that do not fall below 35% of consolidated net income calculated under IFRS. We will pay dividends twice annually through interim and year-end distributions, while reinvesting retained earnings into strengthening our operational foundation through new store openings and maintenance investments in existing stores.

DYNAM JAPAN HOLDINGS Co., Ltd. (E27115) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)