SHO-BOND Holdings Co.,  Ltd.

<h3>3. Dividend Policy</h3>
The Company recognizes returning profits to shareholders as a top management priority and maintains a basic policy of providing stable dividends linked to business performance.
Regarding retained earnings, the Company intends to use them for investments to support sustained profit growth and enhanced corporate value, as well as for flexible capital allocation policies, while maintaining sound financial health.
On August 12, 2025, the Board of Directors resolved to revise the shareholder return policy under the "Medium-Term Management Plan 2027" and set a consolidated dividend payout ratio of 60% for the three-year period from the fiscal year ending June 2025 through the fiscal year ending June 2027.
Based on this policy, the Company plans to resolve at the ordinary general meeting of shareholders to be held on September 26, 2025 to pay a year-end dividend of 111 yen and 50 sen per share. Combined with the interim dividend of 64 yen, the total dividend for the fiscal year is expected to be 175 yen and 50 sen per share.
The Company's articles of incorporation provide for interim dividends as prescribed in Article 454, Paragraph 5 of the Companies Act, and the basic policy is to pay dividends of surplus twice annually—interim and year-end dividends.
The decision-making authority for these surplus dividends is the shareholders' meeting for year-end dividends and the Board of Directors for interim dividends.
 
(Note) Surplus dividends with record dates in this fiscal year are as follows:
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Date of Resolution
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Total Dividend Amount (Million Yen)
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Dividend per Share (Yen)
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<ix:nonNumeric name="jpcrp_cor:DateOfResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" format="ixt:dateyearmonthdaycjk">February 10, 2025</ix:nonNumeric>

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

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<td style="vertical-align: middle; width: 200px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 1px solid #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000">

<ix:nonFraction name="jpcrp_cor:TotalAmountOfDividendsDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" unitRef="JPY" decimals="-6" scale="6" format="ixt:numdotdecimal">3,306</ix:nonFraction>

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<ix:nonFraction name="jpcrp_cor:DividendPerShareDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" unitRef="JPYPerShares" decimals="2" scale="0" format="ixt:numdotdecimal">64.00</ix:nonFraction>

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<ix:nonNumeric name="jpcrp_cor:DateOfResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" format="ixt:dateyearmonthdaycjk">September 26, 2025</ix:nonNumeric>

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<ix:nonNumeric name="jpcrp_cor:ResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" escape="false">Ordinary General Meeting of Shareholders Resolution (Planned)</ix:nonNumeric>

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<ix:nonFraction name="jpcrp_cor:TotalAmountOfDividendsDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" unitRef="JPY" decimals="-6" scale="6" format="ixt:numdotdecimal">5,694</ix:nonFraction>

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<td style="vertical-align: middle; width: 184.53333333333333333333333333px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 1px solid #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000">

<ix:nonFraction name="jpcrp_cor:DividendPerShareDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" unitRef="JPYPerShares" decimals="2" scale="0" format="ixt:numdotdecimal">111.50</ix:nonFraction>

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Our basic policy is to provide stable dividends linked to business performance. We target a consolidated dividend payout ratio of 60% for the fiscal years ending June 2025 through June 2027. We distribute dividends twice annually—an interim dividend and a year-end dividend. We retain earnings with an emphasis on financial soundness, using them for investments in sustainable growth and improved corporate value, as well as for flexible capital allocation strategies.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Revision(2025/11/10)	82	25	-	-
	Forecast(2025/08/12)	82	100	182	60.1%
FY2025	Actual(2025/08/12)	64	111.5	175.5	60.1%
	Forecast(2024/08/09)	64	78.5	142.5	50.0%
FY2024	Actual(2024/08/09)	55	84	139	50.8%
	Revision(2024/05/10)	55	78	133	-
	Forecast(2023/08/10)	55	73	128	50.3%
FY2023	Actual(2023/08/10)	52	75	127	52.1%
	Revision(2023/05/10)	52	73	125	-
	Forecast(2022/08/10)	52	68	120	50.0%
FY2022	Actual(2022/08/10)	50	68	118	51.1%
	Revision(2022/05/10)	50	60.5	110.5	-
	Forecast(2021/08/10)	50	58	108	50.1%
FY2021	Actual(2021/08/10)	40	65.5	105.5	50.1%
	Revision(2021/05/10)	40	58.5	98.5	-
	Revision(2021/02/10)	40	55	95	-
	Forecast(2020/11/10)	40	46.5	86.5	-
FY2020	Actual(2020/11/10)	35	44.5	79.5	-

SHO-BOND Holdings Co., Ltd. (1414) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)