SHOEI CO., LTD.

<h3>3. Dividend Policy</h3>
The Company regards returning profits to shareholders as an important management priority. Our basic policy is to distribute earnings in line with business performance while emphasizing dividend payout ratio, and to flexibly implement capital policies in response to changes in the business environment to improve capital efficiency and enhance shareholder returns.
To this end, we will strengthen shareholder equity to reinforce our financial position and operational foundation, and plan to implement year-end dividends targeting a consolidated dividend payout ratio of 50%. While our Articles of Incorporation provide that interim dividends may be paid with Board approval as of March 31 each year, we currently have no plans for profit distributions other than the annual year-end dividend. The Annual General Meeting of Shareholders is the decision-making body for year-end dividend payments.
For the current fiscal year, we plan to pay a dividend of 60 yen per share, to be approved and implemented at the Annual General Meeting of Shareholders scheduled for December 24, 2025. The total dividend payment amount is 3,154,642 thousand yen.
Regarding the use of retained earnings, we intend to allocate funds toward research and development and capital investment for new product development and new business ventures from a medium to long-term perspective, while preparing for future business expansion.

Our basic policy is to implement performance-linked dividends that prioritize dividend payout ratio, combined with flexible capital allocation. We conduct annual year-end dividends with a target consolidated dividend payout ratio of 50%. Retained earnings are allocated to research and development and capital investment for new product development and new business initiatives.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2025/11/14)	0	60	60	51.4%
FY2025	Actual(2025/11/14)	0	60	60	49.9%
	Forecast(2024/11/15)	0	59	59	49.8%
FY2024	Actual(2024/12/11)	0	70	70	50.0%
	Revision(2024/11/15)	0	63	70	50.0%
	Revision(2024/01/30)	0	63	63	-
	Forecast(2023/11/15)	0	63	-	49.8%
FY2023	Actual(2023/11/15)	0	66	66	50.1%
	Revision(2023/07/28)	0	76	76	-
	Revision(2023/04/26)	0	58	58	-
	Revision(2023/02/22)	0	58	116	-
	Forecast(2022/11/15)	0	116	116	49.7%
FY2022	Actual(2022/11/15)	0	112	112	49.9%
	Revision(2022/07/27)	0	105	105	-
	Forecast(2021/11/12)	0	88	88	50.0%
FY2021	Actual(2021/11/12)	0	82	82	49.9%
	Forecast(2020/11/13)	0	66	66	49.8%
FY2020	Actual(2020/11/13)	0	62	62	50.0%
FY2019	Actual(2020/11/13)	0	106	106	49.7%

SHOEI CO., LTD. (7839) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)