NICHIRYOKU CO., LTD.

<h3>3. Dividend Policy</h3>
Our basic policy is to maintain necessary retained earnings for future business development and strengthening our financial position, while continuing to pay year-end dividends once per fiscal year from surplus earnings.
The decision-making bodies for dividend payments are the shareholders' meeting for year-end dividends and the board of directors for interim dividends.
Our articles of incorporation provide that the board of directors may pay interim dividends from surplus earnings as defined in Article 454, Paragraph 5 of the Companies Act to shareholders or registered pledgees recorded in the final shareholder register as of September 30 each year.
Regarding dividends for the current fiscal year, we determined that securing liquidity reserves, improving our financial position, and securing business funds for sales expansion investments and active promotional activities should take priority. Accordingly, we regret to inform you that we have decided to forgo the year-end dividend.

Our basic policy is to maintain necessary retained earnings while continuing to pay dividends once per year as a year-end dividend. Retained earnings are used to support future business development and strengthen our financial position. While interim dividends are provided for in our articles of incorporation, we typically plan to pay dividends only at year-end.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2025/05/27)	0	0	0	-
FY2025	Actual(2025/05/27)	0	0	0	-
	Forecast(2024/05/10)	0	0	0	-
FY2024	Actual(2024/05/10)	0	0	0	-
	Forecast(2023/05/12)	0	0	0	-
FY2023	Actual(2023/05/12)	0	0	0	-
	Forecast(2022/05/13)	0	0	0	-
FY2022	Actual(2022/05/13)	0	0	0	-
	Revision(2022/03/18)	0	0	2	-
	Forecast(2021/08/12)	0	2	2	7.9%
FY2021	Actual(2021/08/12)	0	10	10	-
FY2020	Actual(2021/08/12)	0	30	30	26.1%

NICHIRYOKU CO., LTD.【JP:7578】Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)