Boutiques, Inc.

<h3>3. Dividend Policy</h3>
The Company has not paid dividends since its establishment. However, we recognize returning profits to shareholders as an important management priority. Going forward, we intend to consider profit distributions to shareholders while taking into account our business performance and financial condition. At present, our priority is to secure internal reserves necessary for future business development and strengthening our financial position. We plan to use retained earnings effectively to strengthen our financial base, and to fund future business expansion, exhibition business operations, M&A brokerage business, and human resources recruitment support business, as well as to strengthen recruitment of personnel with specialized knowledge and experience, and to develop proprietary software. For these reasons, the timing and feasibility of dividend payments remain undetermined at this time. During the current fiscal year, we prioritized securing internal reserves and did not pay dividends for the reasons stated above.
When the Company distributes surplus funds as dividends, our basic policy is to pay dividends twice annually: interim dividends and year-end dividends. The year-end dividend is determined by the shareholders' meeting, while interim dividends are determined by the board of directors.
Additionally, our articles of incorporation provide that interim dividends may be paid by board resolution with September 30 as the reference date each year.

Currently, the company prioritizes building internal reserves, and the timing of dividend payments remains undecided. The company plans to use retained earnings to strengthen its financial position, enhance business operations in its exhibition business, M&A advisory business, and human resources recruitment support business, and fund in-house software development and talent acquisition. Should the company implement dividends in the future, it will adopt a basic policy of two payments per year.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2025/05/14)	0	0	0	-
FY2025	Actual(2025/05/14)	0	0	0	-
	Forecast(2024/05/14)	0	0	0	-
FY2024	Actual(2024/05/14)	0	0	0	-
	Forecast(2023/05/11)	0	0	0	-
FY2023	Actual(2023/05/11)	0	0	0	-
	Forecast(2022/05/10)	0	0	0	-
FY2022	Actual(2022/05/10)	0	0	0	-
	Forecast(2021/05/11)	0	0	0	-
FY2021	Actual(2021/05/11)	0	0	0	-
	Forecast(2020/11/11)	0	0	0	-
FY2020	Actual(2020/11/11)	0	0	0	-

Boutiques, Inc. (9272) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)