At the Board of Directors meeting today, CMIC HOLDINGS Co., Ltd. resolved to distribute dividends of surplus with record date of September 30, 2022.

Notes

1. Description of dividends

Resolution

Current Dividend Forecast (Nov. 8, 2022)

FY 2021

Record date

September 30,2022

September 30,2022

September 30,2021

Dividend per share

45.00 yen

(Ordinary dividend

35.00)

(Commemorative dividend 10.00)

45.00 yen

(Ordinary dividend

35.00)

(Commemorative dividend 10.00)

28.50 yen

(Ordinary dividend

28.50)

Total Dividend Amount

797 million yen

520 million yen

Effective date

December 1,2022

December 1,2021

Dividend source

Retained earnings

Retained earnings

2.Reasons
Our basic policy is to prioritize the distribution of profits to shareholders as one of our key managerial policies and to distribute performance-based dividends while securing retained earnings to improve earnings and strengthen our corporate base. We shall make steady and stable distributions of dividends with a target consolidated payout ratio of 30%. At the same time, the Company shall purchase treasury stocks flexibly by taking into consideration stock market trends, capital efficiency, and other factors.
The term-end dividend shall be 45.00 yen per share, which is the sum of 35.00 yen of ordinary dividend and 10.00 yen of the Company’s 30th anniversary commemorative dividend, as in the latest forecast (announced on November 8, 2022). As a result, the annual dividend that includes the dividend of 5.00 yen at end of the second quarter already paid is 50.00 yen per share, which is the highest annual dividend ever recorded.

(Reference)Annual dividend

Annual dividend (Yen)

Record date

The end of the

second quarter

The end of the term

Total

Term-end dividend for this fiscal year

5.00 yen

45.00 yen

(Ordinary dividend35.00)

(Commemorative dividend 10.00)

50.00 yen

Term-end dividend for the fiscal year ending Sept. 30, 2021

5.00 yen

28.50 yen

33.50 yen

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