TOHO CHEMICAL INDUSTRY COMPANY,LIMITED

<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;"><span style="font-family:'ＭＳ 明朝';font-size:9pt;">Our basic approach is to balance dividend enhancement with the importance of retained earnings. In other words, while strengthening our earning capacity, we aim to provide shareholders with dividends that correspond to our earnings. At the same time, we retain earnings to prepare for research and development expenses and capital investments necessary for future business development and stable long-term earnings, while also strengthening our financial position.</span></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;">Our basic policy is to pay dividends once per year as a year-end dividend. The decision-making body for dividend payments is the shareholders' meeting. Our articles of incorporation also provide that we may pay interim dividends with a record date of September 30 each year, with the decision-making body being the board of directors.</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;">Regarding the dividend for the fiscal year ending March 2025, we plan to propose at the 88th Annual Shareholders' Meeting to be held on June 26, 2025, a dividend of 20 yen per share. The total expected dividend amount is 420 million yen.</p>
<p class="smt_text6" style="orphans:0;widows:0;"> </p>

<p>Our basic policy is to balance enhanced dividends with retained earnings, while strengthening profitability and providing shareholders with dividends that reflect our earnings. We pay dividends once annually at the fiscal year-end as our standard practice, though our articles of incorporation also permit interim dividends. We use retained earnings for research and development, capital expenditures, and strengthening our financial position.</p>

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2025/05/14)	0	22	22	40.2%
FY2025	Actual(2025/05/14)	0	20	20	27.2%
	Revision(2025/02/05)	0	20	20	-
	Forecast(2024/05/14)	0	18	18	-
FY2024	Actual(2024/05/14)	0	17	17	65.4%
	Forecast(2023/05/12)	0	17	17	31.2%
FY2023	Actual(2023/05/12)	0	15	15	32.4%
	Forecast(2022/05/13)	0	15	15	25.8%
FY2022	Actual(2022/05/13)	0	15	15	22.9%
	Forecast(2021/11/05)	0	15	15	-
FY2021	Actual(2021/05/13)	0	15	15	31.8%
	Forecast(2020/11/06)	0	15	15	-
FY2020	Actual(2020/11/06)	0	15	15	-

TOHO CHEMICAL INDUSTRY COMPANY,LIMITED (4409) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

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Dividend History (Forecasts, Revisions, Actuals)