Ichigo Inc.

<h3>3. Dividend Policy</h3>
The Company positions the return of profits to shareholders as one of its important management strategies. While securing internal reserves necessary for stable corporate growth and adaptation to changes in the business environment, the Company has adopted a "progressive dividend policy" as its basic approach to shareholder returns. The Company sets the minimum dividend per share for each fiscal year at the prior year's dividend per share, and in principle maintains a "no dividend reduction" policy to promote dividend growth while enhancing dividend stability and transparency.
Additionally, the Company has revised its management targets (KPIs) under "Long-term VISION Ichigo 2030" and has decided to increase the "Dividend on Equity (DOE)" from 3% to 4%. Under rigorous cash flow management, the Company focuses on cash generation. The cash generated serves as the source for growth investments that lead to future profits and shareholder returns. Based on this shareholder return strategy, the Company determines its dividend policy.
The Company's Articles of Incorporation provide that interim dividends may be paid with August 31 as the record date each year. However, the Company currently does not pay interim dividends and implements only year-end dividends. Regarding the decision-making body for dividends, the Articles of Incorporation provide that, based on Article 459, Paragraph 1 of the Companies Act, dividends may be paid by Board of Directors resolution, except where otherwise provided by law.
As a result, for the current fiscal year, the shareholders' meeting on May 25, 2025 approved a dividend of 10.5 yen per share (total amount of 4,473 million yen).
 
(Regarding Progressive Dividend Policy)
A progressive dividend policy is a shareholder return strategy that demonstrates a company's long-term commitment to shareholders. The progressive dividend policy, which establishes as a clear principle "no dividend reductions, only dividend maintenance or increases," represents the company's commitment to shareholders for sustained value creation.

As a basic policy for shareholder returns, the company has adopted a "progressive dividend policy." Under this policy, the company aims to achieve dividend growth by setting the minimum dividend per share for each fiscal year at the prior year's dividend level and, in principle, not reducing dividends. The company plans to increase its dividend on equity (DOE) from 3% to 4% and will implement dividends only at the fiscal year-end.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2025/04/14)	0	11.5	11.5	30.2%
FY2025	Actual(2025/04/14)	0	10.5	10.5	30.1%
	Forecast(2024/04/15)	0	10	10	31.2%
FY2024	Actual(2024/04/15)	0	9	9	33.5%
	Forecast(2023/04/19)	0	8	8	36.3%
FY2023	Actual(2023/04/19)	0	8	8	39.1%
	Forecast(2022/04/19)	0	7	7	38.1%
FY2022	Actual(2022/04/19)	0	7	7	50.7%
	Forecast(2021/04/19)	0	7	7	65.5%
FY2021	Actual(2021/04/19)	0	7	7	66.8%
	Forecast(2020/10/14)	0	7	7	-
FY2020	Actual(2020/10/14)	0	7	7	-

Ichigo Inc. (2337) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)