<h3 class="smt_head2">3 [Dividend Policy]</h3>The Company is currently in a growth phase and believes that building up retained earnings is important. Accordingly, the Company has not paid dividends since its establishment. While the Company recognizes returning profits to shareholders as an important management priority, it believes that strengthening retained earnings and allocating funds to investments for enhancing profitability and developing business infrastructure will lead to further business expansion, which in turn will enable stable and sustainable profit returns to shareholders in the future.Retained earnings will be used to strengthen the Company's financial position and to serve as a financial resource for future business development in response to anticipated changes in the operating environment.In the future, the Company will consider profit distribution to shareholders in light of operating results and financial condition. However, the possibility of implementing dividends and the timing of such implementation remain undetermined at this time.The Company's Articles of Incorporation provide for the possibility of interim dividends.<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 明朝';letter-spacing:0pt;line-height:15pt;font-size:15pt;">

As the company is currently in a growth phase, our basic policy is to forgo dividends and instead build up retained earnings. We will allocate these retained earnings to investments that strengthen our earning capacity and establish our business foundation, thereby pursuing business expansion. In the future, we will consider returning profits to shareholders while taking into account our operating results and financial position. However, the possibility and timing of dividend implementation remain undetermined.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2026/02/13)	0	0	0	-
FY2025	Actual(2026/02/13)	0	0	0	-
	Forecast(2025/02/14)	0	0	0	-
FY2024	Actual(2025/02/14)	0	0	0	-
	Forecast(2024/02/14)	0	0	0	-
FY2023	Actual(2024/02/14)	0	0	0	-
	Forecast(2023/02/14)	0	0	0	-
FY2022	Actual(2023/02/14)	0	0	0	-
	Forecast(2022/02/14)	0	0	0	-
FY2021	Actual(2022/02/14)	0	0	0	-
FY2020	Actual(2022/02/14)	0	0	0	-

(9211) Dividends

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