Japan Process Development Co.,Ltd.

<h3>3. Dividend Policy</h3>
The Company positions the return of profits to shareholders as an important management strategy. Our basic dividend policy is to secure profits as a source of sustainable growth while implementing stable, continuous dividends with a consolidated payout ratio target of 66%. Effective this fiscal year, we have raised our consolidated payout ratio target from approximately 50% to 66%. Additionally, we will implement a progressive dividend policy during the current medium-term plan period.
Based on this policy, regarding the year-end dividend for the current fiscal year, we will increase the ordinary dividend by 2 yen from the initial forecast, as announced in the "Notice of Revision to Year-End Dividend Forecast (Dividend Increase)" published on March 31, 2025. Furthermore, as stated in the "Notice of Implementation of Special Dividend and Dividend Distribution (Dividend Increase)" announced on July 10, 2025, the gain on sale of investment securities resulting from the sale of Adsol Nissin Co., Ltd. shares on February 20, 2025 will be returned to shareholders in accordance with our dividend policy. We will distribute 66% of the gain after deducting corporate taxes as a special dividend of 8 yen per share over five fiscal periods from May 2025 through May 2029. As a result, the year-end dividend will be 36 yen per share, and the annual dividend will be 62 yen per share when combined with the interim dividend of 26 yen per share already paid (compared to 38 yen per share in the previous fiscal year).
Retained earnings will be effectively utilized for strategic investments in M&A to expand our management base, new businesses, research and development, and human capital, with the aim of improving business performance.
The Company's Articles of Incorporation provide that "the Board of Directors may execute dividend distributions of surplus in accordance with the provisions of Article 459, Paragraph 1 of the Companies Act." The record date for year-end dividends is May 31 each year, and the record date for interim dividends is November 30 each year.
Regarding dividends for the fiscal year ending May 2026, we plan to increase the dividend by 4 yen (the seventh consecutive year of dividend increases) to an annual dividend of 66 yen per share (33 yen each for interim and year-end dividends).
 
<div>
<table style="table-layout: fixed; width: 648px" cellpadding="0" cellspacing="0">
<colgroup>
<col style="width: 216px"/>
<col style="width: 216px"/>
<col style="width: 216px"/>
</colgroup>
<tbody>
<tr style="height: 40px">
<td style="vertical-align: middle; width: 216px; 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">
Date of Resolution
</td>
<td style="vertical-align: middle; width: 216px; 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">
Total Dividend Amount
(Thousands of Yen)
</td>
<td style="vertical-align: middle; width: 216px; 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">
Dividend per Share
(Yen)
</td>
</tr>
<tr style="height: 1.33px">
<td style="vertical-align: middle; width: 216px; 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: 0px none ; background-color: #FFFFFF">

<ix:nonNumeric name="jpcrp_cor:DateOfResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" format="ixt:dateyearmonthdaycjk">December 27, 2024</ix:nonNumeric>

</td>
<td style="vertical-align: middle; width: 216px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 0px none #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000; background-color: #FFFFFF" rowspan="2">

<ix:nonFraction name="jpcrp_cor:TotalAmountOfDividendsDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" unitRef="JPY" decimals="-3" scale="3" format="ixt:numdotdecimal">251,666</ix:nonFraction>

</td>
<td style="vertical-align: middle; width: 216px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 0px none #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000; background-color: #FFFFFF" rowspan="2">

<ix:nonFraction name="jpcrp_cor:DividendPerShareDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" unitRef="JPYPerShares" decimals="2" scale="0" format="ixt:numdotdecimal">26.00</ix:nonFraction>

</td>
</tr>
<tr style="height: 1.33px">
<td style="vertical-align: middle; width: 216px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 1px solid #000000; border-top: 0px none ; border-right: 1px solid #000000; border-bottom: 1px solid #000000; background-color: #FFFFFF">

<ix:nonNumeric name="jpcrp_cor:ResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" escape="false">Board of Directors Resolution</ix:nonNumeric>

</td>
</tr>
<tr style="height: 1.33px">
<td style="vertical-align: middle; width: 216px; 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: 0px none ; background-color: #FFFFFF">

<ix:nonNumeric name="jpcrp_cor:DateOfResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" format="ixt:dateyearmonthdaycjk">July 10, 2025</ix:nonNumeric>

</td>
<td style="vertical-align: middle; width: 216px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 0px none #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000; background-color: #FFFFFF" rowspan="2">

<ix:nonFraction name="jpcrp_cor:TotalAmountOfDividendsDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" unitRef="JPY" decimals="-3" scale="3" format="ixt:numdotdecimal">348,396</ix:nonFraction>

</td>
<td style="vertical-align: middle; width: 216px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 0px none #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000; background-color: #FFFFFF" rowspan="2">

<ix:nonFraction name="jpcrp_cor:DividendPerShareDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" unitRef="JPYPerShares" decimals="2" scale="0" format="ixt:numdotdecimal">36.00</ix:nonFraction>

</td>
</tr>
<tr style="height: 1.33px">
<td style="vertical-align: middle; width: 216px; padding-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; border-left: 1px solid #000000; border-top: 0px none ; border-right: 1px solid #000000; border-bottom: 1px solid #000000; background-color: #FFFFFF">

<ix:nonNumeric name="jpcrp_cor:ResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" escape="false">Board of Directors Resolution</ix:nonNumeric>

</td>
</tr>
</tbody>
</table>
</div>

Our basic policy is to continue stable dividends while targeting a consolidated payout ratio of 66%. During the medium-term plan period, we will implement a progressive dividend policy. We pay dividends twice annually (interim and year-end). We will effectively allocate retained earnings to strategic investments in M&A for expanding our business foundation, new businesses, research and development, and human resources.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2025/09/30)	33	33	66	-
FY2025	Actual(2025/09/30)	26	36	62	-
	Revision(2025/03/31)	26	28	54	-
	Forecast(2024/07/09)	26	26	52	66.6%
FY2024	Actual(2024/07/09)	18	20	38	50.3%
	Forecast(2023/07/07)	18	18	36	50.4%
FY2023	Actual(2023/07/07)	17	18	35	49.5%
	Revision(2023/03/31)	17	18	35	-
	Forecast(2022/07/07)	17	17	34	61.3%
FY2022	Actual(2022/07/07)	14	19	33	59.3%
	Forecast(2021/07/08)	14	14	28	54.2%
FY2021	Actual(2021/07/08)	13	14	27	48.0%
	Forecast(2020/09/30)	13	13	26	-
FY2020	Actual(2020/09/30)	13	13	26	-

Japan Process Development Co.,Ltd.【JP:9651】Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)