Notice Regarding Dividend of Surplus (Dividend Increase) and Next Term Dividend Forecast

Details of Dividend Decision

Life Corporation has resolved a year-end dividend of 33 yen 00 sen per share (66 yen 00 sen before stock split), with a total dividend amount of 2,860 million yen for the record date of February 28, 2026. This is an increase of 0 yen 50 sen from the latest dividend forecast of 32 yen 50 sen (65 yen 00 sen) announced on April 10, 2025. The dividend source is retained earnings, and the effective date is May 29, 2026. Please note that a 2-for-1 stock split of common shares was implemented on March 1, 2025, and the dividend amounts are stated after the stock split.

Reason for Dividend Increase and Next Term Dividend Forecast

The company’s basic policy is 'continuous stable dividends,' aiming for a payout ratio of around 30%, and a stable dividend continuation at a dividend on equity (DOE) level of approximately 3%. The increase in year-end dividend for the fiscal year ending February 2026 reflects better-than-expected initial earnings guidance and a comprehensive assessment of future business conditions. The annual dividend, including an interim dividend of 32 yen 50 sen, totals 65 yen 50 sen. The dividend forecast for the next fiscal year ending February 2027 is an annual 70 yen (interim 35 yen 00 sen, year-end 35 yen 00 sen), a record high, with an expected consolidated payout ratio of 31.9%.