ZENKOKU HOSHO Co.,Ltd

<h3 class="smt_head2">3. Dividend Policy</h3>

<p class="smt_text2" style="orphans:0;widows:0;">The Company views returning profits to shareholders as an important priority. Our basic policy is to maintain stable and continuous dividend payments while securing the internal reserves necessary to build a strong financial foundation, taking into comprehensive consideration overall management conditions.</p>

<p class="smt_text2" style="orphans:0;widows:0;">Under this policy, we plan to pay a dividend of 212 yen per share for surplus earnings attributable to the 45th fiscal year.</p>

<p class="smt_text2" style="orphans:0;widows:0;">Regarding dividend payments from surplus earnings, our Articles of Incorporation stipulate that year-end dividends are determined by shareholder resolution, while interim dividends may be determined by Board of Directors resolution.</p>

<p class="smt_text6" style="orphans:0;widows:0;line-height:15pt;font-size:15pt;"> </p>

<p class="smt_anno1" style="orphans:0;widows:0;">(Note) Dividend payments from surplus earnings with a record date in the 45th fiscal year are as follows:</p>

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<p>Our basic policy is to secure internal reserves necessary for building a strong financial foundation, while comprehensively considering overall business performance to provide stable and continuous dividends. Our articles of incorporation stipulate that year-end dividends are determined by shareholder vote, while interim dividends may be decided by board of directors resolution.</p>

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2027	Forecast(2026/05/08)	50	73	123	50.0%
FY2026	Actual(2026/05/08)	45	75	120	49.2%
	Forecast(2025/05/08)	45	70	115	49.8%
FY2025	Actual(2025/05/08)	0	212	212	44.8%
	Revision(2025/03/17)	0	209	197	-
	Forecast(2024/05/09)	0	197	197	45.1%
FY2024	Actual(2024/05/09)	0	170	170	40.6%
	Forecast(2023/05/09)	0	170	170	39.7%
FY2023	Actual(2023/05/09)	0	148	148	35.6%
	Forecast(2022/05/09)	0	148	148	34.8%
FY2022	Actual(2022/05/09)	0	133	133	32.8%
	Forecast(2021/05/10)	0	130	130	32.9%
FY2021	Actual(2021/05/10)	0	117	117	29.8%
	Forecast(2020/11/05)	0	111	111	-
FY2020	Actual(2020/11/05)	0	95	95	-

ZENKOKU HOSHO Co.,Ltd (7164) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)