HIRAGA CO., LTD.

<h3 class="smt_head2">3 [Dividend Policy]</h3>Our basic principle is to provide adequate profit returns to shareholders. We take a comprehensive approach that considers business performance and dividend payout ratio, while also accounting for internal reserves needed to strengthen our corporate foundation and develop new businesses.Regarding dividend distributions and other surplus allocations, our articles of incorporation provide that "matters concerning dividend distributions and other surplus allocations as specified in Article 459, Paragraph 1 of the Companies Act may be determined by board of directors resolution, except where otherwise provided by law."For the current fiscal year, we have determined the dividend on surplus to be 40 yen per share, based on our business performance.Going forward, we are committed to providing stable dividends to our shareholders while maintaining internal reserves to strengthen our corporate foundation, secure future profitability, and enhance our business expansion and financial position.

Our basic policy is to enhance profit returns to shareholders. We comprehensively consider business performance, dividend payout ratio, and internal reserves needed for strengthening our corporate foundation and developing new businesses. We aim to provide stable dividends to shareholders while using retained earnings to strengthen our corporate structure, secure future profits, expand our business, and reinforce our financial position.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2025/05/09)	0	40	40	34.9%
FY2025	Actual(2025/05/09)	0	40	40	36.9%
	Forecast(2024/05/10)	0	40	40	28.8%
FY2024	Actual(2024/05/10)	0	40	40	20.4%
	Forecast(2023/05/12)	0	30	30	23.5%
FY2023	Actual(2023/05/12)	0	30	30	21.9%
	Forecast(2022/05/13)	0	30	30	20.2%
FY2022	Actual(2022/05/13)	0	15	15	11.3%
	Forecast(2021/05/14)	0	15	15	21.8%
FY2021	Actual(2021/05/14)	0	0	0	-
	Forecast(2020/11/13)	0	0	0	-
FY2020	Actual(2020/11/13)	0	15	15	-

HIRAGA CO., LTD. (7863) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

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Dividend History (Forecasts, Revisions, Actuals)