<h3 class="smt_head2">3 [Dividend Policy]</h3><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;">The Company has prioritized strengthening its financial position and building internal reserves to support aggressive business expansion, and therefore has not paid dividends to date. The Company recognizes that returning profits to shareholders is an important management objective. Going forward, the Company intends to implement stable and continuous dividend payments to shareholders while balancing the need for internal reserves required for future business expansion, taking into account business results for each period and the Company's financial position including retained earnings. However, the timing and feasibility of dividend implementation remain undetermined at this time. The Company plans to use retained earnings effectively for capital investments and efficient organizational improvements aimed at maintaining and strengthening competitiveness and improving future earnings.</p><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;">The Company's basic policy is to pay dividends twice annually: interim dividends and year-end dividends. The Board of Directors decides on interim dividends, while the General Meeting of Shareholders decides on year-end dividends. The Company's Articles of Incorporation provide for the ability to pay interim dividends.</p><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:15pt;"> </p>

<p>Going forward, we aim to implement stable and continuous shareholder returns through dividends while balancing management performance and financial condition with retained earnings. Our basic policy is to pay dividends twice per year—interim and year-end dividends. We plan to use retained earnings for capital investments and organizational improvements to strengthen our competitive position.</p>

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2025/05/13)	0	0	0	-
FY2025	Actual(2025/05/13)	0	0	0	-
	Forecast(2024/05/14)	0	0	0	-
FY2024	Actual(2024/05/14)	0	0	0	-
	Forecast(2023/05/12)	0	0	0	-
FY2023	Actual(2023/05/12)	0	0	0	-
	Forecast(2022/05/13)	0	0	0	-
FY2022	Actual(2022/05/13)	0	0	0	-
	Forecast(2021/05/14)	0	0	0	-
FY2021	Actual(2021/05/14)	0	0	0	-
	Forecast(2021/02/12)	0	0	0	-
FY2020	Actual(2021/02/12)	0	0	0	-

(4381) Dividends

Dividend Policy

Dividend per Share

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Dividend History (Forecasts, Revisions, Actuals)