Notice Regarding Dividend from Surplus for Fiscal Year Ending March 2026, Dividend Policy from Fiscal Year Ending March 2027 Onwards, and Dividend Forecast for Fiscal Year Ending March 2027

Dividend Decision for Fiscal Year Ending March 2026

Chugoku Electric Power Co., Inc. has decided on the dividend from surplus for the fiscal year ending March 2026, setting the year-end dividend at 17 yen per share. The annual dividend will be 27 yen, the same amount as the previous period. The source of dividends is retained earnings, with a payout ratio targeted at approximately 12%. The total dividend amount is 6,128 million yen, a decrease from 7,930 million yen in the previous period. The dividend record date is set as June 26, 2026, and the dividend proposal will be submitted at the annual shareholders meeting on June 25.

Dividend Policy and Dividend Forecast from Fiscal Year Ending March 2027 Onwards

From fiscal year ending March 2027 onward, to enhance alignment with financial strategies and improve dividend predictability, the company introduced DOE (Dividend on Equity) and aims for a DOE of 2% until the commercial operation of Shimane Unit 3 begins. The dividend forecast for fiscal year ending March 2027 is an annual dividend of 30 yen (interim 15 yen, year-end 15 yen), with an expected DOE of approximately 1.5%. While taking into account the recovery status of the financial base, the company intends to continue stable dividends.