THE BANK OF SAGA LTD.

<h3 class="smt_head2">3 [Dividend Policy]</h3>
In light of the public nature of banking operations, our bank is committed to securing a stable management foundation over the long term. Our basic policy is to pay stable dividends on surplus earnings while giving due consideration to retained earnings.
Our bank's dividend policy is to pay dividends twice annually as a basic principle: an interim dividend and a year-end dividend. The interim dividend is decided by the Board of Directors, and the year-end dividend is decided by the General Shareholders' Meeting.
Based on this policy, in the 96th fiscal period, the Board of Directors approved an interim dividend of 40 yen per share on November 8, 2024. Regarding the year-end dividend, we had planned to maintain an annual dividend of 80 yen with a year-end dividend of 40 yen per share. However, in light of the business performance for this fiscal year and in response to the continued support of our shareholders, we plan to increase the annual dividend to 90 yen. We intend to propose at the Ordinary General Shareholders' Meeting scheduled for June 27, 2025, an increase in the year-end dividend from 40 yen to 50 yen per share. This will result in an interim dividend of 40 yen and a year-end dividend of 50 yen, for an annual dividend of 90 yen.
<p class="smt_text2" style="orphans:0;widows:0;text-align:justify;padding-left:9pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:9pt;font-family:'MS Mincho';letter-spacing:0pt;line-height:15pt;">Going forward, while maintaining stable dividends as our basic policy, we will work to return profits to shareholders by comprehensively considering business performance and other factors.
Regarding retained earnings, we intend to conduct efficient fund management and work to further strengthen our management foundation and improve business performance.
Our Articles of Incorporation provide that the Board of Directors may approve interim dividends with a record date of September 30 each year.
 
(Note) Dividends with record dates in this fiscal year are as follows:
 
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<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-bottom-style:solid;border-bottom-width:0.75pt;border-left-style:solid;border-left-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;">Total Dividend Amount (Millions of Yen)
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Our basic policy is to provide stable dividends while giving careful consideration to retained earnings. Dividends are paid twice annually—as interim dividends and year-end dividends. Regarding retained earnings, we aim to manage funds efficiently and work to further strengthen our management foundation and improve business performance.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Revision(2025/11/07)	50	50	100	-
	Revision(2025/10/24)	50	50	90	-
	Forecast(2025/08/04)	45	45	90	-
FY2025	Actual(2025/08/04)	40	50	90	-
	Revision(2025/04/22)	40	50	90	-
	Forecast(2024/05/10)	40	40	80	19.7%
FY2024	Actual(2024/05/10)	35	45	80	21.6%
	Forecast(2023/05/11)	35	35	70	22.6%
FY2023	Actual(2023/05/11)	35	35	70	21.4%
	Forecast(2022/05/12)	35	35	70	29.3%
FY2022	Actual(2022/05/12)	35	35	70	28.8%
	Forecast(2021/05/13)	35	35	70	36.7%
FY2021	Actual(2021/05/13)	35	35	70	47.6%
	Forecast(2020/11/10)	35	35	70	-
FY2020	Actual(2020/11/10)	35	35	70	-

THE BANK OF SAGA LTD. (8395) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)