SUNCALL CORPORATION

<h3>3. Dividend Policy</h3>
Regarding profit distribution, we aim to strengthen our management foundation from a long-term perspective and allocate funds toward capital investments necessary to sustain business growth, while also working to achieve a dividend payout ratio that reflects business expansion. Our basic policy is to pay dividends twice annually—an interim dividend and a year-end dividend. The year-end dividend is decided by the shareholders' meeting, while the interim dividend is decided by the board of directors.
We have announced our "Medium-Term Management Plan GLOBAL GROWTH PLAN 2024" (GGP24) for fiscal years 2022–2024. Our dividend policy is based on performance-linked dividends. Until we achieve a return on equity (ROE) of 9.0%, our basic policy was to target a dividend payout ratio of 75% of net income attributable to parent company shareholders, while ensuring stable returns to shareholders by maintaining an annual dividend per share of no less than 20 yen. However, as our business performance has significantly diverged from GGP24 and net interest-bearing debt has increased, we have decided to pay no dividend for the current period.
Given our current management environment, including the withdrawal from the HDD suspension business and increased debt, we are prioritizing business stabilization and cash flow preservation. We plan to resume dividend payments from the fiscal year 2025 year-end, with an annual dividend of 5 yen per share (interim dividend of 0 yen and year-end dividend of 5 yen).

Our basic dividend policy is to pay dividends twice a year—an interim dividend and a year-end dividend—while continuing performance-linked dividend payments. We previously aimed for a payout ratio of 75% until achieving a 9.0% ROE, with an annual dividend floor of 20 yen. However, due to deteriorating business performance, we will not pay a dividend this period. We plan to use retained earnings to strengthen our management foundation and fund capital investments, with the intention to resume dividend payments from the fiscal year 2025 year-end.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Revision(2026/02/13)	5	15	20	-
	Revision(2025/11/14)	5	10	15	-
	Revision(2025/08/08)	5	5	10	-
	Forecast(2025/05/15)	0	5	5	10.9%
FY2025	Actual(2025/05/15)	0	0	0	-
	Revision(2024/11/08)	0	0	0	-
	Revision(2024/08/09)	-	10	10	-
	Forecast(2024/05/10)	0	10	10	304.3%
FY2024	Actual(2024/05/10)	10	10	20	-
	Forecast(2023/05/12)	10	10	20	75.2%
FY2023	Actual(2023/05/12)	11	9	20	107.7%
	Revision(2023/02/10)	11	14	25	-
	Forecast(2022/05/13)	11	27	38	76.1%
FY2022	Actual(2022/05/13)	9	11	20	68.2%
	Forecast(2021/05/14)	9	11	20	134.8%
FY2021	Actual(2021/05/14)	9	11	20	1024.3%
	Forecast(2021/02/12)	9	11	20	-
FY2020	Actual(2020/11/13)	9	11	20	-

SUNCALL CORPORATION (5985) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)