SHIMACHU CO.,LTD.

<h3>3. Dividend Policy</h3>

Our basic approach to profit distribution is to maintain stable, continuous dividends while comprehensively considering business performance trends, dividend payout ratios, and other relevant factors.


Our basic policy is to pay dividends twice annually: an interim dividend and a year-end dividend. The interim dividend is approved by the Board of Directors, while the year-end dividend is approved by the shareholders' meeting. Note that at the Board of Directors meeting held on October 2, 2020, it was resolved not to pay a year-end dividend for the fiscal year ended August 2020 in connection with the public tender offer for our shares by DCM Holdings Inc.


For the current fiscal year, based on the above policy, we have decided to implement a dividend of 50 yen per share (consisting of an interim dividend of 50 yen per share).


Retained earnings will be actively utilized as funding for capital investments in new store openings and other initiatives aimed at enhancing corporate value, as we continue to work toward further business improvement.


Our Articles of Incorporation provide that "the Board of Directors may, by resolution, pay interim dividends to shareholders or registered pledgees of shares recorded in the shareholder register as of the last day of February each year."


Dividends with record dates in the current fiscal year are as follows:

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Date of Resolution

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Total Dividend Amount (Million Yen)

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Dividend Per Share (Yen)

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<ix:nonNumeric name="jpcrp_cor:DateOfResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" format="ixt:dateyearmonthdaycjk">April 9, 2020</ix:nonNumeric>

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

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Our basic policy is to maintain stable, continuous dividends while comprehensively considering business performance trends and dividend payout ratios. We distribute dividends twice annually as a general rule—an interim dividend and a year-end dividend. We actively use retained earnings as funding for capital investments, including new store openings and equipment.

SHIMACHU CO.,LTD. (E03074) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)