NS Group, Inc.

<h3>3. Dividend Policy</h3>
Our basic policy is to provide shareholders with stable and continuous dividends, taking into account the adequacy of internal reserves necessary for business operations and strengthening our financial position to improve capital efficiency, as well as the business environment surrounding our company. We will effectively utilize retained earnings to strengthen our business foundation for medium- to long-term growth.
Regarding future dividend distributions, we plan to pay dividends twice annually—at the interim and year-end periods. Our target dividend payout ratio is 50% or higher. The Board of Directors is the decision-making body for dividend distributions. Additionally, our Articles of Incorporation provide that we may pay interim dividends with June 30 as the record date each year.
 
We implemented a total dividend of 6 billion yen (230 yen and 8 sen per share) by resolution of an extraordinary shareholders' meeting held on June 27, 2025. While we were considering dividends in preparation for our listing, Bain Capital Group, our shareholder, proposed that we consider implementing a 7 billion yen dividend to ensure investment returns in connection with our listing, with the fiscal year ended December 2024 as the immediately preceding fiscal year. We have verified that after implementing the dividend, we can secure the working capital and investment funds necessary for our management plan and that there will be no impediment to continuous dividends after listing. We have also confirmed that implementing the dividend improves capital efficiency, and as of the third quarter of the fiscal year ending December 2025, our equity ratio attributable to parent company owners stands at 37.3%, ensuring financial stability. After discussing the adequacy of cash reserves in light of unforeseen circumstances and the securing of investment funds in consideration of the possibility of changes in management strategy due to post-listing environmental changes, the Board of Directors decided to implement a dividend of 6 billion yen.
Additionally, effective October 11, 2025, we conducted a stock split at a ratio of 2 shares for each ordinary share.

Our basic policy is to provide stable and continuous dividends, with a target dividend payout ratio of 50% or more. We plan to pay dividends twice annually—at the interim and year-end periods. We will use retained earnings effectively to strengthen our business foundation for medium- to long-term growth.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2026/02/13)	38	38	76	50.2%
FY2025	Actual(2026/02/13)	230.08	35	-	123.7%

NS Group, Inc.【JP:471A】Dividends

Dividend Policy

Dividend per Share

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Dividend History (Forecasts, Revisions, Actuals)