May 14, 2024
To whom it may concern,
Name of Company
Stock Exchange Listing
Stock CodeContact

ASANUMA CORPORATION
Prime Market of the Tokyo
Stock Exchange
1852
Marika Asanuma,
Executive Officer,
General Manager of Corporate
Communications Divisionasanuma_ir@asanuma.co.jp

Notice Concerning the Introduction of the Interim Dividend System,a Stock Split, and Partial Changes in the Articles of Incorporation Associatedwith Them
In today's meeting of the Board of Directors, we resolved to submit a proposal regarding introducing
the interim dividend system and partial changes in the articles of incorporation to our 89th Annual GeneralMeeting of Shareholders, which will be held on June 27, 2024. We also resolved to implement a stock split
and partial changes in the articles of incorporation associated with the stock split, as described below.

I. Interim Dividend System
1.
Introduction of the interim dividend system(1) Purpose of introduction
In order to enhance opportunities for the return of profits to shareholders, in addition to thecurrent annual year-end dividends, the Company proposes to introduce an interim dividendsystem.
(2) Record date of interim dividends
September 30 each year
The introduction of the interim dividend system shall be subject to a proposal regarding
changes in the articles of incorporation associated with it being approved and passed at our 89th
Annual General Meeting of Shareholders, which will be held on June 27, 2024.
2.
Partial Changes in the Articles of Incorporation(1) Reason for the changes
This is to make changes necessary to allow us to pay an interim dividend by resolution of theBoard of Directors under the provisions in Article 454 Paragraph 5 of the Companies Act toexpand opportunities to return profits to our shareholders.

(2) Details of the changes
Changes are made as follows:(Changes made are underlined)
Current Articles of Incorporation

After change(Dividend of Surplus)
Article 31
In accordance with resolutions of theGeneral Meeting of Shareholders, theCompany is able to pay year-end
dividends to shareholders or registeredpedigrees of shares recorded in theregister of shareholders as of the last
day of each fiscal year.

(Dividend of Surplus)
Article 31(1)In accordance with resolutions of theGeneral Meeting of Shareholders, theCompany is able to pay year-end
dividends to shareholders or registeredpedigrees of shares recorded in theregister of shareholders as of the last
day of each fiscal year..
(2) In addition to the preceding
paragraph,inaccordancewithresolutions of the Board of Directors,
the Company is able to pay interim
dividends to shareholders or registeredpedigrees of shares recorded in theregister of shareholders as of
September 30 of every year.

(Newly established)

3.

Article 32 (Omitted)

Article 32 (Unchanged)(Dividend Exclusion Period)
Article 33
If year-end dividend payments are notreceived after three (3) full years fromthe starting date of dividend payments,
the Company shall not be obliged to pay
the dividends.

(Dividend Exclusion Period)
Article 33
If year-end and interim dividend
payments are not received after three(3) full years from the starting date ofdividend payments, the Company shallnot be obliged to pay the dividends.

Schedule for the changes in the articles of incorporation
1) The date of the general meeting of stockholders for the changes in the articles ofincorporation: June 27, 2024
2) The effective date of the changes in the articles of incorporation: June 27, 2024

Ⅱ. Stock Split
１． Purpose of the Stock Split
The purpose of the stock split is to improve share liquidity, develop investment-friendly
environments, and diversify the investor base by lowering the price per stock trading unit of theCompany's stock.
２． Outline of the Stock Split(1) Split method
We will split the Company's common stock at a ratio of five shares for every share owned byshareholders on the list of shareholders as of July 31, 2024.

(2) Additional shares resulting from the split
1) Total number of shares issued before the stock split

16,157,258 shares

2) Additional shares resulting from the split

64,629,032 shares3) Total number of shares issued after the stock split

80,786,290 shares

4) Total number of authorized shares after the stock split

290,000,000 shares(3) Split schedule
1) Date of public notice of the record date: July 12, 2024
2) Record date: July 31, 2024
3) Effective date: August 1, 2024
3. Partial Changes in the Articles of Incorporation Associated with the Stock Split(1) Reason for the changes
With the stock split, the Company changes the total number of authorized shares stipulatedin Article 6 of our Articles of Incorporation under the provisions in Article 184 paragraph 2 ofthe Companies Act.
(2) Details of the changes
Changes are made as follows:(Changes made are underlined)
Current Articles of Incorporation

After change(Total number of authorized shares)
Article 6
The total number of authorized shares of
the Company shall be 58,713,000.

(Total number of authorized shares)
Article 6
The total number of authorized shares of
the Company shall be 290,000,000.

(3) Schedule for the changes
1) Date of board resolution: May 14, 2024
2) Effective date: August 1, 2024
4. Other(1) The amount of capital
Concerning the stock split conducted this time, there are no changes in the amount of capital.
(2) Year-end dividend for the fiscal year ending March 2024
The effective date of this stock split is August 1, 2024. As such, the year-end dividend for thefiscal year ending March 31, 2024, will be based on the shares before the stock split.
End of Document
Disclaimer: This document has been translated from the Japanese original for reference purposes
only. In the event of any discrepancy between this translated document and the Japanese original,
the original shall prevail.