Notice Regarding Dividends for Surplus Earnings | May 11, 2026

Dividend Details and Rationale

Toa Road Corporation plans to pay a dividend of 45 yen per share for the fiscal year ending March 2026, with a total payout of 2,079 million yen. The dividend will be effective from June 29, 2026, and will be financed from retained earnings. As part of its management policy, the company continues to prioritize shareholder returns by maintaining a payout ratio of 100% and targeting a DOE of 8%. Despite a decline in revenue and profit for the fiscal year ending March 2026, the company emphasizes stable shareholder returns and will sustain dividend payments.

Impact on Shareholders and Future Outlook

The dividend decision results in an annual payout of 90 yen per share, unchanged from the previous year. Although the payout ratio is high at 121.2%, the company remains committed to stable shareholder returns and continuous profit distribution. Even amid revenue and profit decreases, the company aims to enhance shareholder value by adhering to its dividend policy.