KAGA ELECTRONICS CO.,LTD.

<h3>3. Dividend Policy</h3>
To implement dividends more actively for our shareholders, we have raised our target consolidated payout ratio to 30–40% during the "Medium-Term Management Plan 2027" period. Through this approach, we will work to achieve dividend growth driven by medium- to long-term profit expansion. For regular dividends, we have adopted a new benchmark of "4.0% DOE" as a stable and sustainable dividend guideline. Additionally, we will flexibly implement special dividends and share buybacks based on profit levels and capital efficiency.
Based on the above, we have set the year-end dividend at 55 yen per common share.
Retained earnings will be allocated to strengthen our financial position to respond nimbly to the increasingly changing economic environment and industry trends, as well as to support new business expansion.
Our Articles of Incorporation provide that "pursuant to Article 459, Paragraph 1 of the Companies Act, the Board of Directors may resolve to distribute surplus dividends."
The surplus dividends for this fiscal year are as follows:
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Date of Resolution
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Total Dividend Amount
(Million Yen)
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Dividend per Share
(Yen)
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<ix:nonNumeric name="jpcrp_cor:DateOfResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" format="ixt:dateyearmonthdaycjk">November 6, 2024</ix:nonNumeric>

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<ix:nonNumeric name="jpcrp_cor:ResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" escape="false">Board of Directors Resolution</ix:nonNumeric>

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<ix:nonFraction name="jpcrp_cor:TotalAmountOfDividendsDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" unitRef="JPY" decimals="-6" scale="6" format="ixt:numdotdecimal">2,890</ix:nonFraction>

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<ix:nonFraction name="jpcrp_cor:DividendPerShareDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" unitRef="JPYPerShares" decimals="0" scale="0" format="ixt:numdotdecimal">110</ix:nonFraction>

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<ix:nonNumeric name="jpcrp_cor:DateOfResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" format="ixt:dateyearmonthdaycjk">June 26, 2025</ix:nonNumeric>

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<ix:nonNumeric name="jpcrp_cor:ResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" escape="false">Annual General Meeting of Shareholders Resolution</ix:nonNumeric>

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<ix:nonFraction name="jpcrp_cor:TotalAmountOfDividendsDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" unitRef="JPY" decimals="-6" scale="6" format="ixt:numdotdecimal">2,890</ix:nonFraction>

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<ix:nonFraction name="jpcrp_cor:DividendPerShareDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" unitRef="JPYPerShares" decimals="0" scale="0" format="ixt:numdotdecimal">55</ix:nonFraction>

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(Note) The Company implemented a stock split at a ratio of 2-for-1 effective October 1, 2024. The year-end dividend above, when converted to the per-share amount before the stock split, equals 110 yen per share. Combined with the interim dividend of 110 yen, the total annual dividend for this fiscal year equals 220 yen per share on a pre-split basis.

Our basic policy targets a consolidated dividend payout ratio of 30-40%, with a dividend on equity (DOE) of 4.0% as a new benchmark for stable and continuous ordinary dividends. We will flexibly implement special dividends and share buybacks based on profit levels and capital efficiency, while using retained earnings to strengthen our financial position and fund new business expansion.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Revision(2026/02/12)	60	70	130	-
	Revision(2025/08/07)	60	60	120	-
	Forecast(2025/05/14)	55	55	110	35.0%
FY2025	Actual(2025/05/14)	110	55	-	33.8%
	Revision(2024/08/08)	110	55	-	-
	Revision(2024/05/23)	110	55	220	-
	Forecast(2024/05/09)	110	110	220	32.1%
FY2024	Actual(2024/05/09)	110	110	220	28.4%
	Forecast(2023/05/11)	110	110	220	32.1%
FY2023	Actual(2023/05/11)	100	120	220	25.0%
	Revision(2023/02/07)	100	120	220	-
	Revision(2022/11/08)	100	100	200	-
	Forecast(2022/05/12)	70	80	150	27.2%
FY2022	Actual(2022/05/12)	45	75	120	20.8%
	Revision(2022/02/03)	45	65	110	-
	Revision(2021/11/04)	45	45	90	-
	Forecast(2021/05/13)	40	40	80	27.5%
FY2021	Actual(2021/05/13)	30	50	80	19.3%
	Revision(2021/04/28)	30	40	80	-
	Revision(2021/02/04)	30	40	70	-
	Forecast(2020/11/05)	30	30	60	-
FY2020	Actual(2020/11/05)	30	40	70	-

KAGA ELECTRONICS CO.,LTD. (8154) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)