WellcoHoldings Corporation

<h3>3. Dividend Policy</h3>
Our basic policy is to retain earnings internally as needed for business expansion and strengthening our management foundation, while continuing to pay stable dividends.
Regarding dividends, our basic approach is to increase corporate value through profit growth, while emphasizing stable profit returns. We also give careful consideration to the dividend payout ratio and actively work to increase dividends by taking into account returns on other stocks, bonds, and investments, while fully considering the position of ordinary investors.
Regarding surplus dividends, we normally pay dividends once per fiscal year as a year-end dividend. However, our articles of incorporation provide that interim dividends as prescribed in Article 454, Paragraph 5 of the Companies Act may be paid.
The decision-making authority for dividends is the Board of Directors for interim dividends and the General Meeting of Shareholders for year-end dividends.
For this fiscal year's dividend, based on our basic policy of continuous stable dividends and in light of our retained earnings deficit, we have transferred capital surplus to retained earnings to cover the deficit in other retained earnings, while securing financial readiness to pay dividends and ensuring flexibility and agility in future capital policy. We have set the year-end dividend at 2 yen per share. While this eliminates the deficit in other retained earnings, the balance will be zero, and capital surplus will serve as the dividend source.
Additionally, at the ordinary general meeting of shareholders held on January 26, 2017, we amended our articles of incorporation to provide that "matters concerning surplus dividends and other items listed in each paragraph of Article 459, Paragraph 1 of the Companies Act shall be determined by Board of Directors resolution, except where otherwise provided by law."

Our basic policy is to retain earnings necessary for business expansion and strengthening our management foundation, while maintaining stable and continuous dividends. We aim to actively return profits to shareholders through dividend increases, while giving due consideration to our dividend payout ratio. We distribute retained earnings once per fiscal year as a year-end dividend.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2025/12/12)	0	2	2	31.7%
FY2025	Actual(2025/12/12)	0	2	2	-
	Forecast(2024/12/13)	0	2	2	98.4%
FY2024	Actual(2024/12/13)	0	0	0	-
	Forecast(2023/12/12)	0	2	2	49.2%
FY2023	Actual(2023/12/12)	0	2	2	-
	Revision(2023/09/12)	0	2	2	-
	Revision(2023/03/13)	-	2	2	-
	Forecast(2022/12/12)	0	2	2	49.2%
FY2022	Actual(2022/12/12)	0	2	2	43.3%
	Forecast(2021/12/13)	0	2	2	19.7%
FY2021	Actual(2021/12/13)	0	2	2	18.5%
	Forecast(2020/12/14)	0	2	2	32.8%
FY2020	Actual(2020/12/14)	0	0	0	-
	Forecast(2020/12/11)	0	2	2	-
FY2019	Actual(2020/12/11)	0	2	2	-

WellcoHoldings Corporation (7831) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)