<h3>3. Dividend Policy</h3>
<p style="margin-left: 24px; text-align: left">Our company's earnings are characterized by minimal exposure to external factors such as foreign exchange rates, tariffs, and economic cycles. Based on this stable earnings foundation, our basic dividend policy is to maintain a stable dividend level. Going forward, we will secure the minimum necessary retained earnings after carefully reviewing whether investment in employees is sufficient for business development and strengthening our management foundation. Our basic approach is to allocate profits with emphasis on linkage to earnings performance. The year-end dividend is determined by the shareholders' meeting.</p>
<p style="margin-left: 24px; text-align: left">Our articles of incorporation provide that the board of directors may resolve to pay interim dividends with a reference date of September 30 each year. To date, we have implemented only year-end dividends; however, beginning with the fiscal year ending March 2026, we plan to implement interim dividends as well.</p>
<p style="margin-left: 24px; text-align: left">Regarding the dividend payout ratio, our basic policy is to maintain a consolidated payout ratio of approximately 80% each period, and to add an additional 1% to 10% to the consolidated payout ratio each period based on financial condition and other factors. We considered implementing this additional portion as shareholder benefits; however, we determined that distributing it as dividends is more appropriate.</p>
<p style="margin-left: 24px; text-align: left">We intend to use retained earnings from a medium- to long-term perspective to strengthen our financial position and invest in new business initiatives, thereby enhancing corporate value.</p>
<p style="margin-left: 24px; text-align: left">For the current fiscal year, based on the above policy, the regular dividend is 22.00 yen per share (20.50 yen as the base portion representing approximately 80% consolidated payout ratio, plus 1.50 yen as the additional portion representing approximately 5% consolidated payout ratio).</p>
<p style="margin-left: 24px; text-align: left">Additionally, as the current fiscal year marks both our company's 20th anniversary and our listing year on the Tokyo Stock Exchange Growth Market, we have decided to increase the dividend by 2.50 yen per share as a commemorative dividend (representing approximately 10% consolidated payout ratio). Accordingly, the total consolidated payout ratio for the current fiscal year is approximately 95%, resulting in a dividend per share of 24.50 yen.</p>
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<p style="line-height: 13.333333333333333333333333333px; text-align: center">Date of Resolution</p>
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<p style="line-height: 13.333333333333333333333333333px; text-align: center">Total Dividend Amount (Thousands of Yen)</p>
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<p style="line-height: 13.333333333333333333333333333px; text-align: center">Dividend per Share (Yen)</p>
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<p style="margin-left: 12px; margin-right: 10px; text-align: left">
<ix:nonNumeric name="jpcrp_cor:DateOfResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" format="ixt:dateyearmonthdaycjk">June 16, 2025</ix:nonNumeric>
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<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">
<p style="margin-right: 24px; text-align: right">
<ix:nonFraction name="jpcrp_cor:TotalAmountOfDividendsDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" unitRef="JPY" decimals="-3" scale="3" format="ixt:numdotdecimal">931,000</ix:nonFraction>
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<p style="margin-right: 24px; text-align: right">
<ix:nonFraction name="jpcrp_cor:DividendPerShareDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" unitRef="JPYPerShares" decimals="2" scale="0" format="ixt:numdotdecimal">24.50</ix:nonFraction>
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<p style="margin-left: 12px; margin-right: 10px; text-align: left">
<ix:nonNumeric name="jpcrp_cor:ResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" escape="false">Ordinary General Meeting of Shareholders</ix:nonNumeric>
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<p style="text-align: left"> </p>

<p>The company's basic dividend policy is to maintain stable dividend levels while emphasizing profit distribution linked to business performance. Regarding the dividend payout ratio, the company targets a standalone payout ratio of approximately 80%, with an additional 1% to 10% added each period based on financial condition and other factors. The company plans to implement interim dividends starting from the fiscal year ending March 2026. Retained earnings will be used to strengthen the financial position and fund new business investments.</p>

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Revision(2026/01/21)	12.5	13.5	26	-
	Revision(2025/10/22)	12	13.5	26	-
	Revision(2025/07/22)	12	13.5	25.5	-
	Forecast(2025/04/23)	0	25	25	85.3%
FY2025	Actual(2025/04/23)	0	24.5	24.5	90.9%
	Revision(2025/03/14)	0	24	24	-
	Forecast(2025/01/24)	0	15.5	15.5	-
FY2024	Actual(2025/01/24)	0	11.5	11.5	-

【JP:296A】Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)