DAIHO CORPORATION

<h3>3. Dividend Policy</h3>
<p style="margin-left: 24px; text-align: left">Our basic policy on profit distribution is to strengthen our financial position as a foundation for long-term development while maintaining and improving stable dividends to shareholders. Additionally, our basic policy is to pay dividends from retained earnings once per fiscal year at the end of the fiscal period, with the shareholders' meeting serving as the decision-making body for such dividends.<br/>Under this policy, as part of shareholder returns, we previously set a consolidated dividend payout ratio of 70% or more of consolidated net income for the three-year period from the fiscal year ending March 2022, and 50% or more for the four-year period from the fiscal year ending March 2025. However, taking into account the sustainability of ongoing dividend payments and future capital needs, we are raising the consolidated dividend payout ratio to 70% or more. For the current fiscal year (76th period), considering our business performance and operating environment, we plan to pay a dividend of 147 yen per share. For the next fiscal period, we plan a dividend of 32 yen per share, which reflects the stock split at a ratio of 5 shares for every 1 ordinary share, effective April 1, 2025.<br/>Regarding retained earnings, we intend to use them for investments such as developing new technologies to address anticipated intensifying competition in the construction industry, thereby further strengthening our corporate structure and competitive capabilities.</p>
<p style="margin-left: 24px; text-align: left">Our articles of incorporation do not currently provide for interim dividends as prescribed in Article 454, Paragraph 5 of the Companies Act. However, to enhance opportunities for profit returns to shareholders, we will propose at the 76th ordinary shareholders' meeting scheduled for June 27, 2025, the establishment of a provision allowing the board of directors to resolve to pay interim dividends from retained earnings.</p>
<p style="margin-left: 24px; text-align: left"> </p>
<p style="margin-left: 24px; text-align: left">The dividends from retained earnings for the current fiscal year are as follows.</p>
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<col style="width: 192.53333333333333333333333333px"/>
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<td style="vertical-align: middle; width: 255.46666666666666666666666667px; 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; background-color: #FFFFFF" colspan="2">
<p style="line-height: 13.333333333333333333333333333px; text-align: center">Date of Resolution</p>
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<p style="line-height: 13.333333333333333333333333333px; text-align: center">Total Dividend Amount (Million Yen)</p>
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<p style="line-height: 13.333333333333333333333333333px; text-align: center">Dividend per Share (Yen)</p>
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<td style="vertical-align: middle; width: 104.66666666666666666666666667px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 1px solid #000000; border-top: 1px solid #000000; border-right: 0px none ; border-bottom: 1px solid #000000; background-color: #FFFFFF">
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<ix:nonNumeric name="jpcrp_cor:DateOfResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" format="ixt:dateyearmonthdaycjk">June 27, 2025</ix:nonNumeric>
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<ix:nonNumeric name="jpcrp_cor:ResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" escape="false">Ordinary Shareholders' Meeting Resolution (Planned)</ix:nonNumeric>
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<p style="margin-right: 24px; text-align: right">
<ix:nonFraction name="jpcrp_cor:TotalAmountOfDividendsDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" unitRef="JPY" decimals="-6" scale="6" format="ixt:numdotdecimal">2,609</ix:nonFraction>
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<td style="vertical-align: middle; width: 192.53333333333333333333333333px; 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; background-color: #FFFFFF">
<p style="margin-right: 24px; text-align: right">
<ix:nonFraction name="jpcrp_cor:DividendPerShareDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" unitRef="JPYPerShares" decimals="0" scale="0" format="ixt:numdotdecimal">147</ix:nonFraction>
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<p style="text-align: left">(Note) Pursuant to a board of directors resolution on February 13, 2025, a stock split was conducted on April 1, 2025, at a ratio of 5 shares for every 1 ordinary share.</p>
<p style="text-align: left">　　　The dividend per share amounts shown above are stated before the stock split.</p>

<p>Our basic policy is to maintain and improve stable dividends. We aim for a consolidated payout ratio of 70% or higher and distribute retained earnings once per year through year-end dividends. We use retained earnings for investments in new technology development and other initiatives to strengthen our corporate foundation and competitive position.</p>

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Revision(2026/02/13)	-	34	34	-
	Forecast(2025/05/09)	-	32	32	70.5%
FY2025	Actual(2025/05/09)	-	147	147	70.2%
	Forecast(2024/05/13)	-	114	114	50.1%
FY2024	Actual(2024/05/13)	-	27	27	-
	Revision(2024/02/09)	-	27	27	-
	Forecast(2023/05/12)	-	155	155	70.1%
FY2023	Actual(2023/05/12)	-	230	230	139.0%
	Forecast(2022/05/13)	-	230	230	70.4%
FY2022	Actual(2022/05/13)	-	243	243	70.2%
	Revision(2022/03/24)	-	220	110	-
	Forecast(2021/05/13)	-	110	110	35.4%
FY2021	Actual(2021/05/13)	-	110	110	30.4%
	Forecast(2021/03/12)	-	110	110	-
FY2020	Actual(2020/11/11)	-	100	100	-

DAIHO CORPORATION (1822) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)