WOLVES HAND Co., Ltd.

<h3>3. Dividend Policy</h3>
The Company recognizes returning profits to shareholders as an important management priority. However, as our Group is currently in a growth phase, we believe that strengthening internal reserves and allocating funds toward future business development and investments to strengthen our management foundation will ultimately deliver the greatest returns to shareholders. Accordingly, we have not paid dividends since our founding.
Going forward, we intend to consider implementing consistent and stable dividends while comprehensively taking into account the status of business foundation development, investment plans, business performance, and financial condition. We plan to effectively utilize retained earnings as funds for investments in business expansion and organizational development.
When distributing surplus earnings, our basic policy is to pay year-end dividends once annually. However, our Articles of Incorporation provide that interim dividends may be paid with December 31 as the record date. Additionally, pursuant to Article 459, Paragraph 1 of the Companies Act, our Articles of Incorporation provide that the Board of Directors may resolve to distribute surplus earnings.

The company is currently in a growth phase and has maintained a no-dividend policy since its founding. The company's policy is to use retained earnings as investment capital for business expansion and organizational development. In the future, the company will consider implementing continuous and stable dividends by comprehensively taking into account the status of business foundation development, financial performance, and other factors. When dividends are paid, the basic policy is to implement an annual dividend at the fiscal year-end.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2025/08/15)	0	0	0	-
FY2025	Actual(2025/08/15)	0	0	0	-
	Forecast(2024/08/09)	0	0	0	-
FY2024	Actual(2024/08/09)	0	0	0	-
FY2023	Actual(2024/08/09)	0	0	0	-

WOLVES HAND Co., Ltd. (194A) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)