<h3 class="smt_head2">3 [Dividend Policy]</h3>

<p class="smt_text2" style="orphans:0;widows:0;">The Company's basic policy is to retain funds as internal reserves that are reasonably necessary for a business enterprise to maintain, including funds needed to implement business plans, repay borrowings, and prepare for unforeseen circumstances and investment opportunities to strengthen competitiveness and drive growth domestically and internationally. The Company will return funds exceeding these internal reserves to shareholders in principle. Dividends from surplus earnings are paid primarily as year-end dividends, with the shareholders' meeting serving as the decision-making body.</p>

<p class="smt_text6" style="orphans:0;widows:0;text-align:justify;padding-left:9pt;text-indent:9pt;font-family:'ＭＳ 明朝';line-height:15pt;font-size:9pt;">The dividend from surplus earnings for the 10th fiscal period is as follows.</p>

<p class="smt_text2" style="orphans:0;widows:0;text-align:justify;padding-left:9pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:9pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:15pt;font-size:15pt;"> </p>

<div class="tbld">
<table cellspacing="0" cellpadding="0" style="border-collapse:collapse;border:solid 0pt #000000;width:480pt;table-layout:fixed;">
<colgroup>
<col style="width:160pt;min-width:160pt;"/>
<col style="width:160pt;min-width:160pt;"/>
<col style="width:160pt;min-width:160pt;"/>
</colgroup>
<tr>
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-top-color:#000000;border-bottom-style:solid;border-bottom-width:0.75pt;border-bottom-color:#000000;border-left-style:solid;border-left-width:0.75pt;border-left-color:#000000;border-right-style:solid;border-right-width:0.75pt;border-right-color:#000000;overflow:hidden;"><p class="smt_tblL" style="orphans:0;widows:0;text-align:center;padding-left:16.2pt;padding-right:7.2pt;text-justify:inter-ideograph;text-indent:9pt;font-family:'ＭＳ 明朝';line-height:15pt;font-size:9pt;">Resolution Date</p>
</td>
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-top-color:#000000;border-bottom-style:solid;border-bottom-width:0.75pt;border-bottom-color:#000000;border-left-style:solid;border-left-width:0.75pt;border-left-color:#000000;border-right-style:solid;border-right-width:0.75pt;border-right-color:#000000;overflow:hidden;"><p class="smt_tblL" style="orphans:0;widows:0;text-align:center;padding-left:16.2pt;padding-right:7.2pt;text-justify:inter-ideograph;text-indent:9pt;font-family:'ＭＳ 明朝';line-height:15pt;font-size:9pt;">Total Dividend Amount (Million Yen)</p>
</td>
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-top-color:#000000;border-bottom-style:solid;border-bottom-width:0.75pt;border-bottom-color:#000000;border-left-style:solid;border-left-width:0.75pt;border-left-color:#000000;border-right-style:solid;border-right-width:0.75pt;border-right-color:#000000;overflow:hidden;"><p class="smt_tblL" style="orphans:0;widows:0;text-align:center;padding-left:16.2pt;padding-right:7.2pt;text-justify:inter-ideograph;text-indent:9pt;font-family:'ＭＳ 明朝';line-height:15pt;font-size:9pt;">Dividend per Share (Yen)</p>
</td>
</tr>
<tr>
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-top-color:#000000;border-bottom-style:solid;border-bottom-width:0.75pt;border-bottom-color:#000000;border-left-style:solid;border-left-width:0.75pt;border-left-color:#000000;border-right-style:solid;border-right-width:0.75pt;border-right-color:#000000;overflow:hidden;"><p class="smt_tblL" style="orphans:0;widows:0;text-align:center;padding-left:16.2pt;padding-right:7.2pt;text-justify:inter-ideograph;text-indent:9pt;font-family:'ＭＳ 明朝';line-height:15pt;font-size:9pt;">June 20, 2025<br/>Annual Shareholders' Meeting Resolution</p>
</td>
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-top-color:#000000;border-bottom-style:solid;border-bottom-width:0.75pt;border-bottom-color:#000000;border-left-style:solid;border-left-width:0.75pt;border-left-color:#000000;border-right-style:solid;border-right-width:0.75pt;border-right-color:#000000;overflow:hidden;"><p class="smt_tblL" style="orphans:0;widows:0;text-align:right;padding-left:16.2pt;padding-right:7.2pt;text-justify:inter-ideograph;text-indent:9pt;font-family:'ＭＳ 明朝';line-height:15pt;font-size:9pt;"><span style="font-size:9pt;">43,100</span></p>
</td>
<td valign="middle" style="vertical-align:middle;border-top-style:solid;border-top-width:0.75pt;border-top-color:#000000;border-bottom-style:solid;border-bottom-width:0.75pt;border-bottom-color:#000000;border-left-style:solid;border-left-width:0.75pt;border-left-color:#000000;border-right-style:solid;border-right-width:0.75pt;border-right-color:#000000;overflow:hidden;"><p class="smt_tblL" style="orphans:0;widows:0;text-align:right;padding-left:16.2pt;padding-right:7.2pt;text-justify:inter-ideograph;text-indent:9pt;font-family:'ＭＳ 明朝';line-height:15pt;font-size:9pt;"><span style="font-size:9pt;">2,155</span></p>
</td>
</tr>
</table><p style="clear:both; line-height:0.75pt; width:100%; font-size:0.75pt;"> </p>
</div>

<p class="smt_text2" style="orphans:0;widows:0;text-align:justify;padding-left:9pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:9pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:15pt;font-size:15pt;"> </p>

<p>Our basic policy is to return surplus funds to shareholders in principle, after setting aside reasonable retained earnings for funds necessary to realize our business plans, debt repayment, and investments in strengthening competitiveness and growth. Dividends are primarily paid as year-end dividends, with decisions made by the shareholders' meeting.</p>

(E34837) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)