The Keiyo Bank, Ltd.

<h3>3. Dividend Policy</h3>
<p style="margin-left: 24px; text-align: justify; text-justify: inter-ideograph; text-indent: 12px">Given the public nature of banking, our bank is committed to sound management and building adequate retained earnings to meet the trust of our customers and local communities. Our basic profit distribution policy is to provide appropriate returns to stakeholders.</p>
<p style="margin-left: 24px; text-align: justify; text-justify: inter-ideograph; text-indent: 12px">For the current fiscal year, based on the above basic policy and business performance, we plan to propose an interim dividend of 14 yen per share and a year-end dividend of 16 yen per share at the ordinary general meeting of shareholders scheduled for June 25, 2025.</p>
<p style="margin-left: 24px; text-align: justify; text-justify: inter-ideograph; text-indent: 12px">In the 20th Medium-Term Management Plan announced on March 28, 2024, we have set our shareholder return policy to "maintain stable dividends while targeting a total payout ratio of approximately 40%," taking into account the maintenance of soundness and growth investment opportunities.</p>
<p style="margin-left: 24px; text-align: justify; text-justify: inter-ideograph; text-indent: 12px">Our basic policy is to pay dividends twice annually—interim and year-end dividends. The interim dividend is decided by the board of directors, and the year-end dividend is decided by the shareholders' meeting. Under our articles of incorporation, based on the provisions of Article 454, Paragraph 5 of the Companies Act, the board of directors may resolve to pay interim dividends with September 30 as the record date. Dividend payments are subject to restrictions under Article 18 of the Banking Act. When paying dividends, regardless of the provisions in Article 445, Paragraph 4 of the Companies Act, an amount equal to one-fifth of the decrease in retained earnings resulting from the dividend must be recorded as capital reserve or earned reserve. However, under the provisions of Article 17-7-3 of the Banking Act Enforcement Regulations, since the total of capital reserve and earned reserve on the dividend payment date equals or exceeds the capital on that date, no earned reserve has been recorded for dividends in the current fiscal year.</p>
<p style="margin-left: 24px; text-align: justify; text-justify: inter-ideograph; text-indent: 12px">Retained earnings will be effectively utilized for capital investments to improve customer services and to strengthen our management foundation and financial condition.<br/> </p>
<p style="margin-left: 24px; text-align: left; text-indent: 12px">Dividends of surplus for the current fiscal year are as follows.</p>
<div style="margin-left: 36px">
<table style="table-layout: fixed; width: 592.66666666666666666666666667px" cellpadding="0" cellspacing="0">
<colgroup>
<col style="width: 120px"/>
<col style="width: 146.66666666666666666666666667px"/>
<col style="width: 163px"/>
<col style="width: 163px"/>
</colgroup>
<tbody>
<tr style="height: 27px">
<td style="vertical-align: middle; width: 266.66666666666666666666666667px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 1px solid #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000; background-color: #FFFFFF" colspan="2">
<p style="line-height: 13.333333333333333333333333333px; text-align: center">Date of Resolution</p>
</td>
<td style="vertical-align: middle; width: 163px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 1px solid #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000; background-color: #FFFFFF">
<p style="line-height: 13.333333333333333333333333333px; text-align: center">Total Dividend Amount (Million Yen)</p>
</td>
<td style="vertical-align: middle; width: 163px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 1px solid #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000; background-color: #FFFFFF">
<p style="line-height: 13.333333333333333333333333333px; text-align: center">Dividend per Share (Yen)</p>
</td>
</tr>
<tr style="height: 19px">
<td style="vertical-align: middle; width: 120px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 1px solid #000000; border-top: 1px solid #000000; border-right: 0px none ; border-bottom: 1px solid #000000; background-color: #FFFFFF">
<p style="margin-left: 12px; text-align: left">
<ix:nonNumeric name="jpcrp_cor:DateOfResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" format="ixt:dateyearmonthdaycjk">November 8, 2024</ix:nonNumeric>
</p>
</td>
<td style="vertical-align: middle; width: 146.66666666666666666666666667px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 0px none ; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000; background-color: #FFFFFF">
<p style="text-align: left">
<ix:nonNumeric name="jpcrp_cor:ResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" escape="false">Board of Directors Resolution</ix:nonNumeric>
</p>
</td>
<td style="vertical-align: middle; width: 163px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 1px solid #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000; background-color: #FFFFFF">
<p style="margin-right: 36px; text-align: right">
<ix:nonFraction name="jpcrp_cor:TotalAmountOfDividendsDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" unitRef="JPY" decimals="-6" scale="6" format="ixt:numdotdecimal">1,742</ix:nonFraction>
</p>
</td>
<td style="vertical-align: middle; width: 163px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 1px solid #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000; background-color: #FFFFFF">
<p style="margin-right: 36px; text-align: right">
<ix:nonFraction name="jpcrp_cor:DividendPerShareDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" unitRef="JPYPerShares" decimals="1" scale="0" format="ixt:numdotdecimal">14.0</ix:nonFraction>
</p>
</td>
</tr>
<tr style="height: 20px">
<td style="vertical-align: middle; width: 120px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 1px solid #000000; border-top: 1px solid #000000; border-right: 0px none ; border-bottom: 1px solid #000000; background-color: #FFFFFF">
<p style="margin-left: 12px; text-align: left">
<ix:nonNumeric name="jpcrp_cor:DateOfResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" format="ixt:dateyearmonthdaycjk">June 25, 2025</ix:nonNumeric>
</p>
</td>
<td style="vertical-align: middle; width: 146.66666666666666666666666667px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 0px none ; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000; background-color: #FFFFFF">
<p style="text-align: left">
<ix:nonNumeric name="jpcrp_cor:ResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" escape="false">Ordinary General Meeting of Shareholders Resolution (Planned)</ix:nonNumeric>
</p>
</td>
<td style="vertical-align: middle; width: 163px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 1px solid #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000; background-color: #FFFFFF">
<p style="margin-right: 36px; text-align: right">
<ix:nonFraction name="jpcrp_cor:TotalAmountOfDividendsDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" unitRef="JPY" decimals="-6" scale="6" format="ixt:numdotdecimal">1,958</ix:nonFraction>
</p>
</td>
<td style="vertical-align: middle; width: 163px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 1px solid #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000; background-color: #FFFFFF">
<p style="margin-right: 36px; text-align: right">
<ix:nonFraction name="jpcrp_cor:DividendPerShareDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" unitRef="JPYPerShares" decimals="1" scale="0" format="ixt:numdotdecimal">16.0</ix:nonFraction>
</p>
</td>
</tr>
</tbody>
</table>
</div>
<p style="margin-left: 24px; text-align: justify; text-justify: inter-ideograph; text-indent: 12px"> </p>

<p>Our basic dividend policy is to provide stable dividends. We aim for a total payout ratio of approximately 40%, while maintaining financial soundness and preserving opportunities for growth investments. We plan to pay dividends twice annually—an interim dividend and a year-end dividend. We will use retained earnings effectively for capital investments to enhance customer service, strengthen our management foundation, and improve our operational structure.</p>

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Revision(2026/02/09)	19	21	40	-
	Revision(2025/11/10)	19	19	38	-
	Forecast(2025/05/13)	18	18	36	32.3%
FY2025	Actual(2025/05/13)	14	16	30	28.8%
	Revision(2024/11/08)	14	14	28	-
	Forecast(2024/05/09)	13	13	26	28.9%
FY2024	Actual(2024/05/09)	11.5	12.5	24	27.5%
	Revision(2023/11/07)	11.5	11.5	23	-
	Forecast(2023/05/11)	11	11	22	30.3%
FY2023	Actual(2023/05/11)	11	11	22	26.8%
	Forecast(2022/05/12)	11	11	22	26.6%
FY2022	Actual(2022/05/12)	10	10.5	20.5	23.6%
	Revision(2022/02/04)	10	10.5	20.5	-
	Revision(2021/11/09)	10	10	20	-
	Forecast(2021/05/12)	9.5	9.5	19	32.8%
FY2021	Actual(2021/05/12)	9	10	19	33.6%
	Forecast(2020/11/06)	9	9	18	-
FY2020	Actual(2020/11/06)	11	9	20	-

The Keiyo Bank, Ltd. (8544) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)