The board of directors of Shinko Shoji Co., Ltd. in its meeting held on May 31, 2024 approved to distribute dividends of surplus for the fiscal year ended March 31, 2024. For the period, the company announced to pay a surplus dividend of JPY 22.00 per share against JPY 40.00 a year ago. Total amount of dividends is JPY 745 million.

Record Date is March 31, 2024. Effective Date is June 17, 2024. The Company's basic policy is to distribute dividends to shareholders with a target consolidated payout ratio of 50% in consideration of the balance between stable and continuous distribution of dividends to shareholders and investment in the growth strategy.

Accordingly, the annual dividend will be JPY 48.5 per share, including the dividend of JPY 26.5 at the end of the second quarter and the consolidated payout ratio will be 50.2%.