<h3 class="smt_head2">3 [Dividend Policy]</h3><p class="smt_text2" style="orphans:0;widows:0;text-align:justify;padding-left:18pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:0pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:18pt;font-size:18pt;"> <p class="smt_text2" style="orphans:0;widows:0;text-align:justify;padding-left:18pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:0pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:18pt;font-size:9pt;">The Company views returning profits to shareholders as important while also maintaining necessary internal reserves to strengthen our management foundation and support future business development. Going forward, we aim to maintain stable earnings from our real estate rental business, our core operation, and to achieve synergies between our film exhibition business and our film acquisition and distribution operations by showing more commercially successful films. We are committed to strengthening each business division and resuming dividends company-wide. However, to provide stable dividends over the long term, securing stable earnings from our film business is essential. At present, we have not yet reached a stage where we can reliably forecast future internal reserves given the uncertainties surrounding film business profitability and real estate business prospects. Accordingly, we are withholding publication of our medium-term business plan. Since determining the timing of dividend resumption requires clarity on these matters, we intend to declare no dividend for the current fiscal year and provide no dividend forecast for the next fiscal year. We remain fully committed to achieving stable profit distribution to shareholders in the future.<p class="smt_text2" style="orphans:0;widows:0;text-align:justify;padding-left:18pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:0pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:18pt;font-size:9pt;">Regarding dividend frequency, our basic policy is to pay dividends twice annually—at the interim and fiscal year-end periods. The Board of Directors determines interim dividends, while the General Shareholders' Meeting determines year-end dividends.<p class="smt_text2" style="orphans:0;widows:0;text-align:justify;padding-left:18pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:0pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:18pt;font-size:9pt;">The Company's Articles of Incorporation provide for interim dividends as permitted under Article 454, Paragraph 5 of the Companies Act.

We prioritize balancing shareholder returns with internal reserves needed to strengthen our business foundation and support future growth. Our basic policy is to maintain stable dividends over the long term. We distribute dividends twice yearly—at the interim and fiscal year-end periods. Currently, we are working toward resuming dividends once we have secured earnings from our film business and clarified the outlook for our real estate business.

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(2022/05/12)	0	0	0	-
FY2022	Actual(2022/05/12)	0	0	0	-
	Forecast(2021/05/13)	0	0	0	-
FY2021	Actual(2021/05/13)	0	0	0	-
	Forecast(2020/09/11)	0	0	0	-
FY2020	Actual(2020/09/11)	0	0	0	-

【JP:9635】Dividends

Dividend Policy

Dividend per Share

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Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)