Ishin Co., Ltd.

<h3 class="smt_head2">3 [Dividend Policy]</h3><p class="smt_text2" style="orphans:0;widows:0;text-align:justify;padding-left:9pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:9pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:15pt;font-size:9pt;">The Company views returning profits to shareholders as an important management priority and has adopted a basic policy of providing continuous and stable dividends. However, given that the Company is in a growth phase, we believe that strengthening retained earnings to stabilize our management foundation, investing in business expansion and operational efficiency improvements, and enhancing corporate value will ultimately deliver the greatest returns to shareholders. Going forward, we will consider returning profits to shareholders while taking into account the financial results of each fiscal year. At this time, however, the possibility of implementing dividends and the timing of such implementation remain undetermined.</p><p class="smt_text6" style="orphans:0;widows:0;text-align:justify;padding-left:9pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:9pt;line-height:15pt;font-size:9pt;">We intend to deploy retained earnings as a source of funding for strengthening our organizational structure to adapt to anticipated changes in the business environment, investing in human resources, and pursuing new business initiatives.</p><p class="smt_text2" style="orphans:0;widows:0;text-align:justify;padding-left:9pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:9pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:15pt;font-size:9pt;">When dividends are paid, our basic policy is to implement year-end dividends once annually. Our Articles of Incorporation provide for the possibility of interim dividends once per year and for dividends to be paid on other dates as determined by the Board. Additionally, except where otherwise provided by law, our Articles of Incorporation authorize the Board of Directors to declare dividends by resolution.</p><p class="smt_text6" style="orphans:0;widows:0;"> </p>

<p>Our basic dividend policy is to provide continuous and stable dividends. However, as we are currently in a growth phase, we prioritize building internal reserves and investing in business expansion and operational efficiency. At this time, dividend implementation remains undecided. We plan to use retained earnings for strengthening our management structure, investing in human resources, and developing new business initiatives. Should we implement dividends, we will do so on a once-yearly basis at the fiscal year-end.</p>

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2025/05/09)	0	0	0	-
FY2025	Actual(2025/05/09)	0	0	0	-
	Forecast(2024/05/10)	0	0	0	-
FY2024	Actual(2024/05/10)	0	0	0	-
FY2023	Actual(2024/05/10)	0	0	0	-

Ishin Co., Ltd. (143A) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)