Notice Regarding Dividend (Increase) of Surplus for the Fiscal Year Ending March 2026 and Change in Dividend Policy from the Fiscal Year Ending March 2027

Regarding Dividend Decision for Fiscal Year Ending March 2026

Chori Co., Ltd. has increased the year-end dividend for the fiscal year ending March 2026 from 72 yen to 75 yen per share, resulting in an annual dividend of 147 yen. This represents an increase of 5 yen from the previous year's 142 yen. The consolidated payout ratio stands at 30.2%, and the dividend on equity (DOE) is 4.1%. The dividend will be paid on June 3, 2026, sourced from retained earnings. Emphasizing shareholder returns, the company’s basic policy is dividends linked to performance.

Change in Dividend Policy from Fiscal Year Ending March 2027

Based on the medium-term management plan 'Chori Innovation Plan 2028', from the fiscal year ending March 2027, the consolidated payout ratio target has been raised from over 30% to over 40%, while maintaining a dividend on equity (DOE) of at least 3.5%. This aims to balance sustainable growth through business investment with enhanced shareholder returns. The dividend forecast for the fiscal year ending March 2027 is 171 yen per share annually, corresponding to a consolidated payout ratio of 40.1%.