PeptiDream Inc.

<h3 class="smt_head2">3 [Dividend Policy]</h3>While some argue that biotech venture companies should retain earnings for research and development activities, we recognize that returning profits to shareholders through dividends is also an important management priority.We will consider dividend payments after comprehensively evaluating the need to build internal reserves for future research and development activities, provided that we can achieve stable earnings and secure sufficient profits to fund our research and development expenses.Our Articles of Incorporation provide that matters concerning dividend distributions and other items specified in Article 459, Paragraph 1 of the Companies Act may be determined by Board of Directors resolution, except where otherwise provided by law.<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;">Additionally, our Articles of Incorporation provide that interim dividends may be paid by Board of Directors resolution pursuant to Article 454, Paragraph 5 of the Companies Act.<p class="smt_text6" style="orphans:0;widows:0;text-align:justify;padding-left:0pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:0pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:15pt;font-size:15pt;">

We view returning profits to shareholders through dividends as an important management priority. When we can achieve stable earnings and secure sufficient profits to cover research and development expenses, we will consider dividend payments after comprehensively weighing the need to build up internal reserves. Our articles of incorporation include provisions that allow us to pay interim dividends.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2026/02/16)	0	0	0	-
FY2025	Actual(2026/02/16)	0	0	0	-
	Forecast(2025/02/13)	0	0	0	-
FY2024	Actual(2025/02/13)	0	0	0	-
	Forecast(2024/02/14)	0	0	0	-
FY2023	Actual(2024/02/14)	0	0	0	-
	Forecast(2023/02/14)	0	0	0	-
FY2022	Actual(2023/02/14)	0	0	0	-
	Forecast(2022/02/09)	0	0	0	-
FY2021	Actual(2022/02/09)	0	0	0	-
	Forecast(2021/02/10)	0	0	0	-
FY2020	Actual(2021/02/10)	0	0	0	-
	Forecast(2020/11/12)	0	0	0	-
FY2019	Actual(2020/11/12)	-	0	0	-

PeptiDream Inc. (4587) Dividends

Dividend Policy

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Dividend History (Forecasts, Revisions, Actuals)