Shareholder Returns Policy

The results obtained through our management activities will be fairly distributed to our shareholders, customers, and employees in proportion to the increase in corporate value, and we will live up to the trust and expectations placed in us.

Our basic policy is to pay dividends in a stable manner in order to meet shareholders' expectations in accordance with the increase in corporate value, while taking into consideration each fiscal year's business performance and investments for continued growth.

For the fiscal year ending March 31, 2024, the company paid an interim dividend of 30 yen per share on December 11, 2023, and a year-end dividend of 40 yen per share on June 10, 2024. As a result, the annual dividend will be 70 yen per share.

Retained earnings will be used to fund future investments in research and development, expansion of overseas bases, and rationalization.

In addition to returning profits to shareholders through dividends, we have established a corporate distribution of gifts to shareholders.

Corporate distribution of gifts to shareholders

The company has established the following corporate distribution of gifts to thank shareholders for their ongoing support and to increase the attractiveness of investing in the company's shares and to encourage many shareholders to hold the company's shares over the medium to long term.

Content of gifts

Rice coupons valid nationwide will be presented based on the following criteria. *The design of the coupons is subject to change.

Rice voucher

Retention period	Less than 1 year	1 year or more	3 years or more	5 years or more
100 shares or more but less than 500 shares	3Kg rice coupon	4kg rice coupon	5kg rice coupon	6kg rice coupon
500 shares or more but less than 1,000 shares	6kg rice coupon	8kg rice coupon	9kg rice coupon	10kg rice coupon
1,000 shares or more	10kg rice coupon	13kg rice coupon	14kg rice coupon	15kg rice coupon

*1 Retention period refers to the number of years that the same shareholder number is continuously recorded in the shareholders' register on the semi-annual record dates (March 31 and September 30) as holding one unit (100 shares) or more.

1 year or more: Shareholders with the same shareholder number listed in the shareholder registry for three or more times consecutively on the record dates (March 31 and September 30)

3 years or more: Shareholders with the same shareholder number listed in the shareholder registry seven or more times consecutively on the record dates (March 31 and September 30)

5 years or more: Shareholders with the same shareholder number listed in the shareholder registry eleven or more times consecutively on the record dates (March 31 and September 30).

*2 Please note that your shareholder number may be changed if any of the following applies.Please inquire with the securities company where you have opened your account as to whether or not your shareholder number has changed.

(1) In the event of a change regarding the holder of shares

In the event of a change of name or address in the shareholders' register due to marriage or change of residence
Inheritance, gift
When using a stock lending service of a securities company, etc.

(2) When all of the shares held are sold and repurchased

In the event of a change of brokerage firm
When you switch your stock holdings from a general account to a NISA account, etc.

*3 The benefit will be implemented from March 31, 2024 for shareholders recorded in the Company's shareholder registry on the record date of March 31, 2024.

The determination of the continuous retention period will be made retrospectively from March 31, 2024 (record date).

Eligible shareholders

Shareholder on the reference date (March 31st every year)

Timing for sending the coupon

The coupons are sent when the invitation notices for the regular general meeting of the shareholders are sent (early June every year).