Notice Concerning Dividend of Surplus

Overview of Dividends

Aichi Steel Corporation resolved at the Board of Directors meeting held on April 28, 2026, a dividend of surplus with the record date of March 31, 2026. The dividend per share is 76 yen, consisting of 38 yen ordinary dividend and 38 yen special dividend. The total amount of dividends is 4,882 million yen, and the effective date is June 2, 2026. Note that a 4-for-1 stock split of common shares was conducted on July 1, 2025, and the dividend amount is stated based on the post-split amount.

Dividend Policy and Shareholder Return Policy

The company positions respect for shareholder interests as an important management policy, striving to enhance corporate value and improve its dividend policy. While securing internal reserves necessary for future business development, the company comprehensively considers performance, financial condition, and payout ratio, setting a consolidated payout ratio target of 40% or higher. In fiscal 2025, in addition to the ordinary dividend, a special dividend of 5 billion yen was paid. This recent dividend increase represents a 7 yen per share increase over the latest forecast.