TECHNO RYOWA LTD.

<h3 class="smt_head2">3 [Dividend Policy]</h3>

For the current fiscal year, we plan to pay a year-end dividend of 50 yen per share. Combined with the interim dividend, the annual dividend per share will be 100 yen.

We recognize returning profits to our shareholders as one of our most important management priorities. Our basic policy is to maintain stable dividends while strengthening our management foundation, taking into account periodic earnings and dividend payout ratio.

In accordance with this basic policy, during the period of "TECHNO RYOWA 2032" (fiscal years 2024-2032), we will ensure that the annual dividend per share does not fall below the prior year's annual dividend, and we will increase dividends as profits grow.

For the next fiscal year, we plan to increase the annual dividend by 4 yen per share to 104 yen (interim dividend of 50 yen, year-end dividend of 54 yen).

Retained earnings will be used for long-term investments in human resources, research and development, digital transformation initiatives, and equipment, with the aim of strengthening corporate competitiveness and increasing enterprise value.

<p class="smt_text2" style="orphans:0;widows:0;text-align:justify;padding-left:22.5pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:9pt;font-family:'MS Mincho';letter-spacing:0pt;line-height:14pt;">Additionally, our articles of incorporation provide for the ability to pay interim dividends.

 

(Note) Dividends of surplus with record dates in the current fiscal year are as follows.

<div class="tbld" style="margin-left:36pt;margin-right:0pt;margin-top:0pt;margin-bottom:0pt;">
<table cellspacing="0" cellpadding="0" style="border-collapse:collapse;border:solid 0pt #000000;width:448.8pt;table-layout:fixed;">
<colgroup>
<col style="width:149.6pt;min-width:149.6pt;"/>
<col style="width:149.6pt;min-width:149.6pt;"/>
<col style="width:149.6pt;min-width:149.6pt;"/>
</colgroup>
<tr style="height:22.5pt;min-height:22.5pt;">
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-bottom-style:solid;border-bottom-width:0.75pt;border-left-style:solid;border-left-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;">Date of Resolution
</td>
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-bottom-style:solid;border-bottom-width:0.75pt;border-left-style:solid;border-left-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;">Total Dividend Amount (Million Yen)
</td>
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-bottom-style:solid;border-bottom-width:0.75pt;border-left-style:solid;border-left-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;">Dividend Per Share (Yen)
</td>
</tr>
<tr style="height:22.6pt;min-height:22.6pt;">
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-bottom-style:solid;border-bottom-width:0.75pt;border-bottom-color:#000000;border-left-style:solid;border-left-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;"><p class="smt_tblL" style="orphans:0;widows:0;text-align:left;padding-left:4.5pt;padding-right:4.5pt;margin-top:0pt;margin-bottom:0pt;text-justify:inter-ideograph;text-indent:0pt;font-family:'MS Mincho';letter-spacing:0pt;line-height:10pt;font-size:9pt;">November 6, 2024 Board of Directors Resolution
</td>
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-bottom-style:solid;border-bottom-width:0.75pt;border-left-style:solid;border-left-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;"><p class="smt_tblR" style="orphans:0;widows:0;text-align:right;padding-left:0pt;padding-right:4.5pt;margin-top:0pt;margin-bottom:0pt;text-justify:inter-ideograph;text-indent:0pt;font-family:'MS Mincho';letter-spacing:0pt;line-height:10pt;font-size:9pt;">1,060
</td>
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-bottom-style:solid;border-bottom-width:0.75pt;border-left-style:solid;border-left-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;"><p class="smt_tblR" style="orphans:0;widows:0;text-align:right;padding-left:0pt;padding-right:4.5pt;margin-top:0pt;margin-bottom:0pt;text-justify:inter-ideograph;text-indent:0pt;font-family:'MS Mincho';letter-spacing:0pt;line-height:10pt;font-size:9pt;">50.00
</td>
</tr>
<tr style="height:22.6pt;min-height:22.6pt;">
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-top-color:#000000;border-bottom-style:solid;border-bottom-width:0.75pt;border-bottom-color:#000000;border-left-style:solid;border-left-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;"><p class="smt_tblL" style="orphans:0;widows:0;text-align:left;padding-left:4.5pt;padding-right:4.5pt;margin-top:0pt;margin-bottom:0pt;text-justify:inter-ideograph;text-indent:0pt;font-family:'MS Mincho';letter-spacing:0pt;line-height:10pt;font-size:9pt;">June 26, 2025 Annual General Meeting of Shareholders Resolution
</td>
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-bottom-style:solid;border-bottom-width:0.75pt;border-left-style:solid;border-left-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;"><p class="smt_tblR" style="orphans:0;widows:0;text-align:right;padding-left:0pt;padding-right:4.5pt;margin-top:0pt;margin-bottom:0pt;text-justify:inter-ideograph;text-indent:0pt;font-family:'MS Mincho';letter-spacing:0pt;line-height:10pt;font-size:9pt;">1,060
</td>
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-bottom-style:solid;border-bottom-width:0.75pt;border-left-style:solid;border-left-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;"><p class="smt_tblR" style="orphans:0;widows:0;text-align:right;padding-left:0pt;padding-right:4.5pt;margin-top:0pt;margin-bottom:0pt;text-justify:inter-ideograph;text-indent:0pt;font-family:'MS Mincho';letter-spacing:0pt;line-height:10pt;font-size:9pt;">50.00
</td>
</tr>
</table> 
</div>

Our basic policy is to maintain stable dividends while taking into account periodic earnings and dividend payout ratios. During the period from fiscal year 2024 to fiscal year 2032, we will ensure that annual dividends do not fall below the previous year's level, and we adopt a progressive dividend policy that increases dividends in line with profit growth. We plan to use retained earnings for investments in human resources, research and development, DX promotion, and equipment to strengthen our competitive capabilities.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Revision(2026/02/06)	50	58	108	-
	Revision(2025/11/07)	50	54	108	-
	Forecast(2025/05/13)	50	54	104	30.0%
FY2025	Actual(2025/05/13)	50	50	100	29.0%
	Revision(2024/09/27)	50	50	100	-
	Forecast(2024/05/14)	26	26	52	29.6%
FY2024	Actual(2024/05/14)	16	32	48	22.9%
	Revision(2024/02/07)	16	32	48	-
	Revision(2023/11/08)	16	24	40	-
	Revision(2023/09/29)	16	20	40	-
	Forecast(2023/05/12)	16	20	36	32.2%
FY2023	Actual(2023/05/12)	16	20	36	33.5%
	Revision(2023/02/08)	16	16	34	-
	Forecast(2022/05/12)	16	16	32	42.7%
FY2022	Actual(2022/05/12)	12	20	32	31.1%
	Revision(2022/02/25)	12	18	28	-
	Forecast(2021/05/12)	12	16	28	40.6%
FY2021	Actual(2021/05/12)	12	16	28	49.9%
	Forecast(2020/11/05)	12	16	28	-
FY2020	Actual(2020/11/05)	12	22	34	-

TECHNO RYOWA LTD. (1965) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)