Hulic Co.,Ltd.

<h3>3. Dividend Policy</h3>
Given that our primary business is real estate leasing, our basic policy is to maintain stable dividends while building sufficient internal reserves necessary to strengthen our long-term and stable business foundation, with the aim of returning profits to shareholders. We also consider it equally important to set dividends in line with business performance trends.
Our basic policy is to pay dividends of surplus once per fiscal year through year-end dividends. However, as we have adopted an interim dividend system as described below, we may pay dividends twice per fiscal year by implementing interim dividends based on the business performance of each fiscal year. The decision-making body for these surplus dividend distributions is the shareholders' meeting for year-end dividends and the board of directors for interim dividends.
 
Based on this approach to profit distribution, we plan to propose at the ordinary shareholders' meeting scheduled for March 26, 2025, a year-end dividend of 28.0 yen per share (interim dividend of 26.0 yen per share already paid).
We have adopted the interim dividend system in accordance with Article 454, Paragraph 5 of the Companies Act.
The dividend amounts for this fiscal year are as follows:
<div style="margin-left: 40px">
<table style="table-layout: fixed; width: 606.66666666666666666666666667px" cellpadding="0" cellspacing="0">
<colgroup>
<col style="width: 266.66666666666666666666666667px"/>
<col style="width: 173.33333333333333333333333333px"/>
<col style="width: 166.66666666666666666666666667px"/>
</colgroup>
<tbody>
<tr style="height: 40px">
<td style="vertical-align: middle; width: 266.66666666666666666666666667px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 1px solid #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000; background-color: #FFFFFF">
Date of Resolution
</td>
<td style="vertical-align: middle; width: 173.33333333333333333333333333px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 1px solid #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000; background-color: #FFFFFF">
Total Dividend Amount
(Million Yen)
</td>
<td style="vertical-align: middle; width: 166.66666666666666666666666667px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 1px solid #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000; background-color: #FFFFFF">
Dividend per Share
(Yen)
</td>
</tr>
<tr style="height: 1.33px">
<td style="vertical-align: middle; width: 266.66666666666666666666666667px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 1px solid #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 0px none ; background-color: #FFFFFF">
July 26, 2024
</td>
<td style="vertical-align: middle; width: 173.33333333333333333333333333px; 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; background-color: #FFFFFF" rowspan="2">
19,933
</td>
<td style="vertical-align: middle; width: 166.66666666666666666666666667px; 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; background-color: #FFFFFF" rowspan="2">
26.0
</td>
</tr>
<tr style="height: 1.33px">
<td style="vertical-align: middle; width: 266.66666666666666666666666667px; 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; background-color: #FFFFFF">
Board of Directors Resolution
</td>
</tr>
<tr style="height: 1.33px">
<td style="vertical-align: middle; width: 266.66666666666666666666666667px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 1px solid #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 0px none ; background-color: #FFFFFF">
March 26, 2025
</td>
<td style="vertical-align: middle; width: 173.33333333333333333333333333px; 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; background-color: #FFFFFF" rowspan="2">
21,466
</td>
<td style="vertical-align: middle; width: 166.66666666666666666666666667px; 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; background-color: #FFFFFF" rowspan="2">
28.0
</td>
</tr>
<tr style="height: 1.33px">
<td style="vertical-align: middle; width: 266.66666666666666666666666667px; 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; background-color: #FFFFFF">
Ordinary Shareholders' Meeting Resolution (Planned)
</td>
</tr>
</tbody>
</table>
</div>

Our dividend policy aims to strengthen our long-term and stable business foundation through building internal reserves while returning profits to shareholders. Our basic approach is to maintain stable, consistent dividends while adjusting them based on business performance trends. We typically pay dividends once annually at the fiscal year-end, but may implement interim dividends to provide two annual dividend payments when business conditions warrant.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2026/01/29)	33.5	33.5	67	42.0%
FY2025	Actual(2026/01/29)	28.5	33.5	62	41.1%
	Revision(2025/10/28)	28.5	31.5	60	-
	Forecast(2025/01/30)	28.5	28.5	57	40.1%
FY2024	Actual(2025/01/30)	26	28	54	40.1%
	Revision(2024/10/28)	26	28	54	-
	Forecast(2024/01/30)	26	26	52	40.3%
FY2023	Actual(2024/01/30)	23	27	50	40.2%
	Revision(2023/10/27)	23	25	48	-
	Forecast(2023/01/30)	23	23	46	40.4%
FY2022	Actual(2023/01/30)	20	22	42	40.3%
	Revision(2022/10/28)	20	22	42	-
	Forecast(2022/01/28)	20	20	40	40.6%
FY2021	Actual(2022/01/28)	19	20	39	38.5%
	Revision(2022/01/11)	19	20	39	-
	Forecast(2021/01/28)	19	19	38	39.0%
FY2020	Actual(2021/01/28)	17.5	18.5	36	37.8%
	Forecast(2020/10/27)	17.5	17.5	35	-
FY2019	Actual(2020/10/27)	14	17.5	31.5	-

Hulic Co.,Ltd. (3003) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)