Takasago Thermal Engineering Co., Ltd.

<h3>3. Dividend Policy</h3>

Our shareholder return policy is based on dividends, with progressive dividend increases in line with sustained profit growth, targeting a dividend payout ratio of 40%. Share buybacks will be implemented flexibly, taking into account business performance, growth investment opportunities, and capital efficiency, from the perspective of enhancing shareholder value over the medium to long term.


Our basic policy is to pay dividends twice annually: an interim dividend and a year-end dividend. The interim dividend is decided by the Board of Directors, while the year-end dividend is decided by the General Shareholders' Meeting.


For the current fiscal year, the year-end dividend per common share is planned at 102 yen. Combined with the interim dividend of 65 yen already paid, the annual dividend per share will be 167 yen.


For the next fiscal year, the planned annual dividend per common share is 173 yen (interim dividend of 86 yen and year-end dividend of 87 yen).

 
(Note) Dividends of surplus with record dates in the current fiscal year are as follows:
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Resolution Date
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Total Dividend Amount
(Millions of Yen)
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Dividend Per Share
(Yen)
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</tr>
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<ix:nonNumeric name="jpcrp_cor:DateOfResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" format="ixt:dateyearmonthdaycjk">November 14, 2024</ix:nonNumeric>

</td>
<td style="vertical-align: middle; width: 108px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 0px none #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000" rowspan="2">

<ix:nonFraction name="jpcrp_cor:TotalAmountOfDividendsDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" unitRef="JPY" decimals="-6" scale="6" format="ixt:numdotdecimal">4,388</ix:nonFraction>

</td>
<td style="vertical-align: middle; width: 216px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 0px none #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000" rowspan="2">

<ix:nonFraction name="jpcrp_cor:DividendPerShareDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" unitRef="JPYPerShares" decimals="2" scale="0" format="ixt:numdotdecimal">65.00</ix:nonFraction>

</td>
</tr>
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<td style="vertical-align: middle; width: 176.53333333333333333333333333px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 1px solid #000000; border-top: 0px none ; border-right: 1px solid #000000; border-bottom: 1px solid #000000">

<ix:nonNumeric name="jpcrp_cor:ResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" escape="false">Board of Directors Resolution</ix:nonNumeric>

</td>
</tr>
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<ix:nonNumeric name="jpcrp_cor:DateOfResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" format="ixt:dateyearmonthdaycjk">June 18, 2025</ix:nonNumeric>

</td>
<td style="vertical-align: middle; width: 108px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 0px none #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000" rowspan="2">

<ix:nonFraction name="jpcrp_cor:TotalAmountOfDividendsDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" unitRef="JPY" decimals="-6" scale="6" format="ixt:numdotdecimal">6,899</ix:nonFraction>

</td>
<td style="vertical-align: middle; width: 216px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 0px none #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000" rowspan="2">

<ix:nonFraction name="jpcrp_cor:DividendPerShareDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" unitRef="JPYPerShares" decimals="2" scale="0" format="ixt:numdotdecimal">102.00</ix:nonFraction>

</td>
</tr>
<tr style="height: 18px">
<td style="vertical-align: middle; width: 176.53333333333333333333333333px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 1px solid #000000; border-top: 0px none ; border-right: 1px solid #000000; border-bottom: 1px solid #000000">

<ix:nonNumeric name="jpcrp_cor:ResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" escape="false">Ordinary General Shareholders' Meeting Resolution (Planned)</ix:nonNumeric>

</td>
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</div>

The Company adopts a shareholder return policy centered on dividends, implementing progressive dividend increases in line with sustained profit growth, targeting a dividend payout ratio of 40%. Dividends are paid twice annually as a basic policy: interim dividends and year-end dividends. Share buybacks will be executed flexibly, taking into account business performance, growth investment opportunities, and capital efficiency.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Revision(2026/02/12)	86	69	-	-
	Revision(2025/10/28)	86	62	-	-
	Revision(2025/08/08)	86	44	-	-
	Forecast(2025/05/13)	86	87	173	40.0%
FY2025	Actual(2025/05/13)	65	102	167	40.1%
	Revision(2025/04/24)	65	102	167	-
	Revision(2024/10/31)	65	79	144	-
	Forecast(2024/05/14)	65	65	130	40.3%
FY2024	Actual(2024/05/14)	38	91	129	43.6%
	Revision(2024/02/08)	38	83	121	-
	Revision(2023/11/14)	38	57	95	-
	Forecast(2023/05/12)	38	39	77	40.1%
FY2023	Actual(2023/05/12)	30	33	63	34.1%
	Forecast(2022/05/13)	30	30	60	37.8%
FY2022	Actual(2022/05/13)	29	31	60	35.4%
	Forecast(2021/05/14)	29	29	58	36.6%
FY2021	Actual(2021/05/14)	28	28	56	38.5%
	Forecast(2020/11/13)	28	28	56	-
FY2020	Actual(2020/11/13)	26	30	56	-

Takasago Thermal Engineering Co., Ltd. (1969) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)