Cados Corporation

<h3 class="smt_head2">3 [Dividend Policy]</h3>
The Company views shareholder returns as a key priority. We adopt a comprehensive approach that considers business performance and dividend payout ratio, while also taking into account retained earnings needed to strengthen our corporate foundation and support continuous business growth. We will effectively utilize retained earnings primarily for capital investments and talent acquisition to expand operations in growth sectors with promising long-term prospects.
The Company's dividend policy is based on an annual year-end dividend (record date: July 31). Our articles of incorporation provide for interim dividends (record date: January 31) as permitted under Article 454, Paragraph 5 of the Companies Act, which may be approved by board resolution. Looking ahead, we are considering implementing semi-annual dividends by balancing our financial position, operating results, and retained earnings needed for business development.
Our target dividend payout ratio is 30.0% on a medium-term basis, which we plan to increase gradually. For the current fiscal year, given that we achieved net income growth of 62.4% compared to the prior period, we plan to implement the following dividend as approved at the ordinary general meeting of shareholders scheduled for October 24, 2025. This will result in a dividend payout ratio of 22.4% (compared to 15.9% in the prior fiscal year).
　(Note) Dividends with record dates in the current fiscal year are as follows:
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Our basic policy is to return value to shareholders by comprehensively considering business performance, dividend payout ratio, and retained earnings. We aim to gradually increase our dividend payout ratio to a medium-term target of 30.0%. Currently, we pay dividends once per year at the end of the fiscal year, but we are considering moving to twice-yearly dividends in the future. We will use retained earnings for capital investments and human resources development to expand operations in growth areas.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2025/09/12)	0	180	180	26.9%
FY2025	Actual(2025/09/12)	0	150	150	22.4%
	Forecast(2024/09/12)	0	130	130	30.0%
FY2024	Actual(2024/09/12)	0	85	85	15.9%
FY2023	Actual(2024/09/12)	0	20,000	20,000	13.7%

Cados Corporation (211A) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)