Change in Dividend Policy and Shareholder Return Strategy | May 13, 2026

Dividend Details and Rationale for Change

Tochigi Bank has decided to increase the dividend for the fiscal year ending March 2026 to 14 yen per share, resulting in an annual dividend of 26 yen. This reflects the performance and shareholder return strategy, representing an increase of 2 yen from the previous year's forecast of 12 yen. The dividend will be paid from retained earnings and is expected to be approved at the shareholders' meeting scheduled for June 25, 2026.

Change in Shareholder Return Policy and Future Outlook

The shareholder return policy has been revised from a previous approach aiming for a total payout ratio of 30% to 35%, consisting of dividends and share buybacks attributable to the parent company's net income, to a new target of a 40% dividend payout ratio starting from the fiscal year ending March 2027. As part of our capital and financial strategy, we will also dynamically implement share buybacks in response to capital levels and market conditions.