<h3 class="smt_head2">3 [Dividend Policy]</h3>The Company has not paid any dividends since its establishment.<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;">While the Company recognizes returning profits to shareholders as an important management priority, we believe that investments in property acquisitions and other initiatives supporting medium to long-term growth are essential for business expansion. Accordingly, our immediate priority is to build up internal reserves and strengthen our financial position.<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;">At present, the timing and implementation of dividends remain undecided. However, we intend to pursue dividend payments in the future by comprehensively considering our operating results, financial condition, and the balance with internal reserves.<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;">When surplus dividends are paid, our basic policy is to conduct year-end dividends once annually, with the shareholders' meeting serving as the decision-making body. Additionally, our Articles of Incorporation provide that interim dividends as prescribed in Article 454, Paragraph 5 of the Companies Act may be implemented by board of directors resolution.<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;">

Currently, the company prioritizes building up retained earnings and strengthening its financial position, while focusing on medium to long-term growth investments such as property acquisitions. In the future, the company aims to implement dividends by balancing operating results, financial condition, and retained earnings, with year-end dividends as the basic policy on an annual basis.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2025/10/28)	0	0	0	-
FY2025	Actual(2025/10/28)	0	0	0	-
	Forecast(2024/10/29)	0	0	0	-
FY2024	Actual(2024/10/29)	0	0	0	-
	Forecast(2024/01/30)	0	0	0	-
FY2023	Actual(2024/01/30)	0	0	0	-

【JP:5532】Dividends

Dividend Policy

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Dividend History (Forecasts, Revisions, Actuals)