OSAKA ORGANIC CHEMICAL INDUSTRY LTD.

<h3 class="smt_head2">3 [Dividend Policy]</h3>

The Company views the strengthening of its financial position and management foundation from a long-term perspective, as well as the provision of stable and continuous profit returns to shareholders, as important management priorities.

<p class="smt_text2" style="orphans:0;widows:0;text-align:justify;padding-left:9pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:9pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:15pt;font-size:9pt;">Regarding shareholder returns, in line with the targets of the new medium-term management plan P&D 2030, we will balance our approach by taking into account the Company's performance and the adequacy of retained earnings to support future business plans. We will use a dividend payout ratio of 40% as one of our key indicators, strive to provide dividends in accordance with performance, and work to enhance shareholder returns including flexible share buybacks.

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

We believe that retained earnings are essential for securing future performance improvements and shareholder value, as they serve as a source of funding for research and development investments in new products and technologies, production capacity expansion, and capital investments aimed at rationalization and higher value-added products.

Under this policy, for the fiscal year ending November 2025, the interim dividend is planned at 35 yen per share, and the year-end dividend is planned at 40 yen per share, to be resolved at the ordinary General Shareholders' Meeting scheduled for February 26, 2026. This will result in an annual dividend of 75 yen per share.

<p class="smt_text2" style="orphans:0;widows:0;text-align:justify;padding-left:9pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:9pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:15pt;font-size:9pt;">For the fiscal year ending November 2026, based on our earnings forecast, we plan an annual dividend of 80 yen per share (interim 40 yen, year-end 40 yen).

Retained earnings will be used to strengthen our financial position and improve performance, further enhance our management structure, and support future business development.

The Company's Articles of Incorporation provide for the ability to pay interim dividends.

(Note) Dividends of surplus with record dates in the current fiscal year are as follows:

<div class="tbld" style="text-align:center;margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:0pt;">
<table cellspacing="0" cellpadding="0" style="border-collapse:collapse;border:solid 0pt #000000;width:395pt;table-layout:fixed;" class="align_center">
<colgroup>
<col style="width:75pt;min-width:75pt;"/>
<col style="width:100pt;min-width:100pt;"/>
<col style="width:110pt;min-width:110pt;"/>
<col style="width:110pt;min-width:110pt;"/>
</colgroup>
<tr style="height:18pt;min-height:18pt;">
<td valign="middle" colspan="2" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-bottom-style:solid;border-bottom-width:0.75pt;border-left-style:solid;border-left-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;">Date of Resolution
</td>
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-bottom-style:solid;border-bottom-width:0.75pt;border-left-style:solid;border-left-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;">Total Dividend Amount (Thousand Yen)
</td>
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-bottom-style:solid;border-bottom-width:0.75pt;border-left-style:solid;border-left-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;">Dividend Per Share (Yen)
</td>
</tr>
<tr style="height:18pt;min-height:18pt;">
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-bottom-style:solid;border-bottom-width:0.75pt;border-left-style:solid;border-left-width:0.75pt;overflow:hidden;"><p class="smt_tblL" style="orphans:0;widows:0;text-align:justify;padding-left:4.5pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-justify:inter-ideograph;text-indent:0pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:13pt;font-size:9pt;">July 10, 2025
</td>
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-bottom-style:solid;border-bottom-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;"><p class="smt_tblL" style="orphans:0;widows:0;text-align:justify;padding-left:4.5pt;padding-right:4.5pt;margin-top:0pt;margin-bottom:0pt;text-justify:inter-ideograph;text-indent:0pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:10pt;font-size:9pt;">Board of Directors
</td>
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-bottom-style:solid;border-bottom-width:0.75pt;border-left-style:solid;border-left-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;"><p class="smt_tblR" style="orphans:0;widows:0;text-align:center;padding-left:0pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-justify:inter-ideograph;text-indent:0pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:11pt;font-size:9pt;">711,809
</td>
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-bottom-style:solid;border-bottom-width:0.75pt;border-left-style:solid;border-left-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;"><p class="smt_tblR" style="orphans:0;widows:0;text-align:center;padding-left:0pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-justify:inter-ideograph;text-indent:0pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:10pt;font-size:9pt;">35.00
</td>
</tr>
<tr style="height:18pt;min-height:18pt;">
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-bottom-style:solid;border-bottom-width:0.75pt;border-left-style:solid;border-left-width:0.75pt;overflow:hidden;"><p class="smt_tblL" style="orphans:0;widows:0;text-align:justify;padding-left:4.5pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-justify:inter-ideograph;text-indent:0pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:13pt;font-size:9pt;">February 26, 2026
</td>
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-bottom-style:solid;border-bottom-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;"><p class="smt_tblL" style="orphans:0;widows:0;text-align:justify;padding-left:4.5pt;padding-right:4.5pt;margin-top:0pt;margin-bottom:0pt;text-justify:inter-ideograph;text-indent:0pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:10pt;font-size:9pt;">Ordinary General Shareholders' Meeting (planned)
</td>
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-bottom-style:solid;border-bottom-width:0.75pt;border-left-style:solid;border-left-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;"><p class="smt_tblR" style="orphans:0;widows:0;text-align:center;padding-left:0pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-justify:inter-ideograph;text-indent:0pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:10pt;font-size:9pt;">813,490
</td>
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-bottom-style:solid;border-bottom-width:0.75pt;border-left-style:solid;border-left-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;"><p class="smt_tblR" style="orphans:0;widows:0;text-align:center;padding-left:0pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-justify:inter-ideograph;text-indent:0pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:10pt;font-size:9pt;">40.00
</td>
</tr>
</table> 
</div>

We view stable and continuous profit returns to shareholders as a key priority. We aim to pay dividends in line with our business performance, using a dividend payout ratio of 40% as an important benchmark. We plan to distribute dividends twice yearly—at the interim and year-end periods—as our standard practice, while working to enhance shareholder returns through flexible share buyback programs. We retain earnings internally to fund research and development investments and capital expenditures.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2026/01/08)	40	40	80	36.4%
FY2025	Actual(2026/01/08)	35	40	75	22.3%
	Revision(2025/12/22)	35	39	68	-
	Revision(2025/10/10)	35	34	69	-
	Forecast(2025/01/09)	34	34	68	41.1%
FY2024	Actual(2025/01/09)	32	34	66	34.5%
	Revision(2024/07/11)	32	32	64	-
	Forecast(2024/01/11)	29	29	58	45.7%
FY2023	Actual(2024/01/11)	28	28	56	36.6%
	Forecast(2023/01/12)	28	28	56	29.5%
FY2022	Actual(2023/01/12)	27	27	54	24.9%
	Revision(2022/07/07)	27	26	53	-
	Forecast(2022/01/12)	26	26	52	27.4%
FY2021	Actual(2022/01/12)	25	25	50	22.2%
	Revision(2021/07/01)	25	25	50	-
	Revision(2021/05/21)	24	24	50	-
	Forecast(2021/01/07)	24	24	48	32.1%
FY2020	Actual(2021/01/07)	23	23	46	30.8%
	Forecast(2020/10/02)	23	23	46	-
FY2019	Actual(2020/10/02)	18	22	40	-

OSAKA ORGANIC CHEMICAL INDUSTRY LTD. (4187) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)