HOKUKON CO.,LTD

<h3>3. Dividend Policy</h3>
<p style="margin-left: 24px; margin-right: 6px; text-align: left; text-indent: 12px">Our basic policy is to maintain stable, continuous dividend payments while securing the internal reserves necessary to strengthen our management foundation and support future business development aimed at active social contribution.</p>
<p style="margin-left: 24px; margin-right: 6px; text-align: left; text-indent: 12px">Our basic policy is to pay dividends twice annually: an interim dividend and a year-end dividend.</p>
<p style="margin-left: 24px; margin-right: 6px; text-align: left; text-indent: 12px">The year-end dividend is decided by the shareholders' meeting, while the interim dividend is decided by the board of directors.</p>
<p style="margin-left: 24px; margin-right: 6px; text-align: left; text-indent: 12px">For the current fiscal period, we have decided to pay a dividend of 5 yen per share based on the above policy. This results in a dividend payout ratio of 24.9% for the current period.</p>
<p style="margin-left: 24px; margin-right: 6px; text-align: left; text-indent: 12px">We intend to use retained earnings for strategic investments to enhance cost competitiveness and strengthen our technology and manufacturing capabilities to meet customer needs in response to anticipated changes in the business environment.</p>
<p style="margin-left: 24px; margin-right: 6px; text-align: left; text-indent: 12px">The dividend details for the current period are as follows.</p>
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<p style="line-height: 13.3299999237061px; text-align: center">Resolution Date</p>
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<p style="line-height: 13.3299999237061px; text-align: center">Total Dividend Amount (Thousands of Yen)</p>
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<p style="line-height: 13.3299999237061px; text-align: center">Dividend per Share</p>
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<p style="margin-left: 6px; margin-right: 3.32999992370605px; text-align: left">June 28, 2018</p>
<p style="margin-left: 6px; margin-right: 3.32999992370605px; text-align: left">Annual Shareholders' Meeting Resolution</p>
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<p style="margin-right: 72px; text-align: right">43,430</p>
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<p style="margin-right: 72px; text-align: right">5 yen</p>
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<p>Our basic policy is to maintain stable dividends while securing retained earnings for future business development and strengthening our management foundation. We distribute dividends twice annually and use retained earnings for investments to improve cost competitiveness and strengthen our technology and manufacturing capabilities.</p>

HOKUKON CO.,LTD (E01134) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)