TOP CULTURE Co.,Ltd.

<h3 class="smt_head2">3 [Dividend Policy]</h3>

The Company regards the return of profits to shareholders as one of its most important management priorities. Our basic policy is to maintain sound financial health while continuing to provide stable dividends. Retained earnings are allocated as capital for facility investments such as store openings, and we are committed to improving performance over the medium to long term. 
The Company's Articles of Incorporation provide for the ability to pay interim dividends as prescribed in Article 454, Paragraph 5 of the Companies Act. Additionally, based on the provisions of Article 459 of the Companies Act, the Board of Directors may resolve to distribute surplus dividends.

<p class="smt_text2" style="orphans:0;widows:0;text-align:justify;padding-left:18pt;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;">The Company's basic policy is to distribute surplus dividends twice annually—interim and year-end dividends. The Board of Directors serves as the decision-making body for both interim and year-end dividends.

<p class="smt_text2" style="orphans:0;widows:0;text-align:justify;padding-left:18pt;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;">Regarding surplus dividends for the current fiscal year, taking into account business performance and financial condition while prioritizing the strengthening of internal reserves, we regret to announce that no dividend will be paid.

<p class="smt_text2" style="orphans:0;widows:0;text-align:justify;padding-left:18pt;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;">Class A Preferred Stock and Class B Preferred Stock will receive preferential dividends in accordance with the Articles of Incorporation.

 

<p class="smt_text6" style="orphans:0;widows:0;text-align:left;padding-left:27pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:0pt;font-family:'ＭＳ 明朝';letter-spacing:normal;font-size:9pt;">(Note) Surplus dividends with record dates in the current fiscal year are as follows:

[Table 1: June 12, 2025 Board Resolution]
| Resolution Date | Stock Type | Total Dividend Amount (thousands of yen) | Dividend per Share (yen) |
|---|---|---|---|
| June 12, 2025 Board of Directors | Class A Preferred Stock | 59,506 | 3,967.12 |
| | Class B Preferred Stock | 2,975 | 495.89 |

[Table 2: December 11, 2025 Board Resolution]
| Resolution Date | Stock Type | Total Dividend Amount (thousands of yen) | Dividend per Share (yen) |
|---|---|---|---|
| December 11, 2025 Board of Directors | Class A Preferred Stock | 60,493 | 4,032.88 |
| | Class B Preferred Stock | 3,024 | 504.11 |

Our basic policy is to maintain financial soundness while continuing stable dividend payments. We plan to pay dividends twice annually—an interim dividend and a year-end dividend. We will use retained earnings as funding for capital investments such as store openings, while working to improve performance over the medium to long term.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2025/12/11)	0	0	0	-
FY2025	Actual(2025/12/11)	0	0	0	-
	Forecast(2024/12/12)	0	0	0	-
FY2024	Actual(2024/12/12)	0	0	0	-
FY2023	Actual(2023/12/14)	3	3	6	-
	Forecast(2022/12/08)	3	3	6	-
FY2022	Actual(2022/12/08)	3	3	6	-
	Forecast(2021/12/09)	3	3	6	36.3%
FY2021	Actual(2021/12/09)	0	0	0	-
	Forecast(2021/03/11)	0	0	0	-
FY2020	Actual(2020/12/10)	0	0	0	-
	Forecast(2020/09/10)	0	0	0	-
FY2019	Actual(2020/09/10)	0	0	0	-

TOP CULTURE Co.,Ltd. (7640) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)