Our basic policy for the distribution of profits to shareholders is to pay continuous and stable dividends, aiming for a consolidated dividend payout ratio of 40% or a dividend on equity (DOE) ratio of 2.5%, whichever is higher.

We will use retained earnings as funds designed to deliver long-term benefits for shareholders. Namely, it will use these funds to develop new businesses, and strategic investment for partnership reinforcement with suppliers.

We have introduced a Shareholder Benefit plan to deepen shareholders’ understanding of our Group’s corporate philosophy and business activities, and to encourage more shareholders to hold our shares over the medium to long term.

Eligible Shareholders

Eligible shareholders are those who hold one unit (100 shares) or more of the Company’s stock continuously for one year or longer as of the Record Date (March 31 of each year).
“Continuously holding for one year or longer” refers to shareholders who are recorded in the Company’s shareholder register with the same shareholder number for three or more consecutive times, with record dates of March 31 and September 30 each year, counting back from the Record Date.

• Eligibility for the Shareholder Benefits scheduled to be sent in June 2026:
  Shareholders who are recorded in the shareholder register with the same shareholder number holding one unit (100 shares) or more continuously on the record dates of “March 31, 2025,” “September 30, 2025,” and “March 31, 2026.”
• Additional Purchases:
  If a shareholder increases their holdings after the first record date and holds 500 shares or more on the Record Date, they will be eligible for “Shareholder Benefit Points worth 3,000 yen.”

【Notes Regarding Continuous Holding Period】

• Loss of Eligibility:
  If holdings fall below 100 shares at the time of the second record date after being recorded the first time, the shareholder will no longer be eligible for shareholder benefits. To become eligible again, the shareholder must be recorded in the shareholder register with the same shareholder number holding 100 shares or more for three or more consecutive times, with record dates of March 31 and September 30 each year, counting back from the Record Date.
• Resetting of Holding Period:
  Please note that if your shareholder number changes, the continuous holding period will be reset. The following are main cases where the shareholder number may change, though it depends on individual circumstances. Please check with the securities company where you hold your account for details.
  
  • Cases where a new shareholder number may be assigned due to changes:
    
    • Change of name or address in the shareholder register due to marriage or relocation.
    • Change of nominal holder due to inheritance, etc.
    • Change of the securities company where shares are deposited.
    • Change or cancellation of statutory agents (such as parental authority or guardians) or standing proxies.
  • Cases where the shareholder number may change due to temporary removal from the shareholder register and subsequent re-registration:
    • When using a stock lending service provided by a securities company.
    • When all held shares are sold and then repurchased by the last trading day with rights.
    • When transferring shares from a General Account/Specific Account to a NISA Account (or vice versa).

Details of Shareholder Benefits

Eligible shareholders will receive “Shareholder Benefit Points,” which can be exchanged for cashless points, based on the number of shares held as of the Record Date. Alternatively, shareholders may choose to donate to the Marubun Foundation, etc., instead of exchanging their points for cashless points. Please note that the details are subject to change.
Applications are limited to residents of Japan.

Timing of Delivery

We plan to send the information documents to eligible shareholders in late June of each year, enclosed with the “Notice of Resolutions of the Ordinary General Meeting of Shareholders” and the “Shareholder Newsletter.”