IYOTETSU Group Co., Ltd.

<h3 class="smt_head2">3 [Dividend Policy]</h3>Our company group operates in highly public-oriented industries, centered on railway and automotive businesses. Therefore, we are committed to strengthening the management foundation of the entire group and enhancing corporate value by reinforcing our financial position through retained earnings and securing a stable management foundation over the long term. Our basic policy is to maintain stable dividends.Regarding dividend distributions of surplus, our policy is to pay dividends once per year as a year-end dividend. The Board of Directors is the decision-making body for dividend determinations.For surplus dividends in the current fiscal year, based on our basic policy of continuous stable dividends, we have set the dividend per share at 5 yen.Going forward, we intend to continue efforts to develop business across all divisions and strengthen our corporate structure. To achieve this, appropriate capital investment is necessary, and we plan to allocate a portion of our retained earnings for this purpose. (Note) Surplus dividends with record dates in the current fiscal year are as follows.
<div class="tbld" style="margin-left:40pt;margin-right:0pt;margin-top:0pt;margin-bottom:0pt;">
<table cellspacing="0" cellpadding="0" style="border-collapse:collapse;border:solid 0pt #000000;width:427.6pt;table-layout:fixed;">
<colgroup>
<col style="width:142.5pt;min-width:142.5pt;"/>
<col style="width:142.5pt;min-width:142.5pt;"/>
<col style="width:142.6pt;min-width:142.6pt;"/>
</colgroup>
<tr style="height:19.9pt;min-height:19.9pt;">
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-bottom-style:solid;border-bottom-width:0.75pt;border-left-style:solid;border-left-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;">Resolution Date
</td>
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-bottom-style:solid;border-bottom-width:0.75pt;border-left-style:solid;border-left-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;">Total Dividend Amount (thousands of yen)
</td>
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-bottom-style:solid;border-bottom-width:0.75pt;border-left-style:solid;border-left-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;">Dividend per Share (yen)
</td>
</tr>
<tr style="height:10.5pt;min-height:10.5pt;">
<td valign="bottom" style="vertical-align:bottom;border-top-style:solid;border-top-width:0.75pt;border-left-style:solid;border-left-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;">May 26, 2025
</td>
<td valign="middle" rowspan="2" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-bottom-style:solid;border-bottom-width:0.75pt;border-left-style:solid;border-left-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;">149,445
</td>
<td valign="middle" rowspan="2" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-bottom-style:solid;border-bottom-width:0.75pt;border-left-style:solid;border-left-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;">5.00
</td>
</tr>
<tr style="height:10.5pt;min-height:10.5pt;">
<td valign="top" style="vertical-align:top;border-top-color:#a9a9a9;border-bottom-style:solid;border-bottom-width:0.75pt;border-left-style:solid;border-left-width:0.75pt;border-right-style:solid;border-right-width:0.75pt;overflow:hidden;">Board of Directors Resolution
</td>
</tr>
</table> 
</div>

As a company operating in a sector with significant public responsibility, our basic policy is to maintain stable dividends. We will pay dividends once per year as a year-end dividend, and we plan to allocate retained earnings toward a portion of our capital expenditures.

IYOTETSU Group Co., Ltd. (E04122) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)