CANDEAL Co., Ltd.

<h3 class="smt_head2">3 [Dividend Policy]</h3><p class="smt_text2" style="orphans:0;widows:0;">The Company recognizes the enhancement of corporate value over the medium to long term and the return of profits to shareholders as important management priorities. Our basic policy is to secure internal reserves necessary for stable future corporate growth and to adapt to changes in the business environment, while increasing the correlation with business performance and implementing dividends on a continuous basis. Additionally, to improve management agility and flexibility and to contribute to enhanced shareholder value, our Articles of Incorporation provide that matters specified in Article 459, Paragraph 1 of the Companies Act regarding dividends of surplus shall be determined by Board of Directors resolution rather than shareholder meeting resolution, except where otherwise provided by law, and that interim dividends may be paid by Board of Directors resolution.</p><p class="smt_text2" style="orphans:0;widows:0;">In accordance with the above policy, the Board of Directors resolved at its meeting held on November 21, 2025, to pay a year-end dividend of 8 yen per share, for a total amount of 74,109 thousand yen.</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:15pt;"> </p>

<p>Our basic policy is to increase the link between dividends and business performance, thereby providing continuous profit returns to shareholders. We implement dividends while securing retained earnings necessary for stable future corporate growth and to respond to changes in the business environment. Our articles of incorporation provide that interim dividends may be paid by resolution of the Board of Directors.</p>

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2025/11/12)	0	10	10	46.3%
FY2025	Actual(2025/11/12)	0	8	8	37.7%
	Forecast(2024/11/14)	0	8	8	43.4%
FY2024	Actual(2024/11/14)	4	4	8	53.5%
	Forecast(2023/11/14)	4	4	8	32.0%
FY2023	Actual(2023/11/14)	3	3	6	24.5%
	Forecast(2022/11/11)	3	3	6	40.5%
FY2022	Actual(2022/11/11)	3	3	6	53.4%
	Forecast(2021/11/12)	3	3	6	88.5%
FY2021	Actual(2021/11/12)	3	3	6	-
	Forecast(2020/11/13)	3	3	6	42.5%
FY2020	Actual(2020/11/13)	3	3	6	32.4%
FY2019	Actual(2020/11/13)	5	3	-	22.9%

CANDEAL Co., Ltd. (1446) Dividends

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Dividend History (Forecasts, Revisions, Actuals)