Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between thistranslated document and the Japanese original, the original shall prevail.

August 8, 2024
To whom it may concern,

Company name:Name of representative:
Inquiries:

Takashima & Co., Ltd.
Koichi Takashima, President andRepresentative Director(Securities code: 8007; Prime Market)
Takahisa Tokumoto, General Manager ofStrategic Planning & Management
Department(Telephone: +81-3-5217-7248)

Notice Concerning Revision of Shareholder Return Policy under Medium-Term Management Plan
Sustainability V (Value) and Revision of Dividend Forecast (Dividend Increase)
At the Board of Directors meeting held on August 8, 2024, Takashima & Co., Ltd. (hereafter “the Company”) revised its
shareholder return policy under its medium-term management plan, Sustainability V (Value) (fiscal years ended March 31,
2024 – fiscal year ending March 31, 2026). In conjunction with this announcement, the Company has resolved to revise its
dividend forecast for the fiscal year ending March 31, 2025.
Note
1. Change in shareholder return policy(1) Reason of change
We have formulated our medium-term management plan, Sustainability V (Value), in accordance with the basic
policy agreed upon in the plan to meet the continued-listing criteria for the New Market Segmentation (hereafter“the plan to meet”) submitted in response to the reorganization of the Tokyo Stock Exchange's market segmentation.
Our medium-term management plan, Sustainability V (Value), shows our investment and shareholder return
policies, etc., with an emphasis on capital efficiency and growth, and we are committed to management with astrong awareness of the cost of capital and stock price. Under Sustainability V (Value), the management indicators
are 110 billion yen in net sales, 2.6 billion yen in operating profit, 1.9 billion yen in profit attributable to owners ofthe parent, ROE of at least 8%, ROIC of at least 6%, total return ratio of at least 50%, and a strategic investment
quota of 15 billion yen. The dividend policy is set at a dividend payout ratio of 40% or more, and the minimum
dividend amount is set at 500 million yen, with a view to providing a stable return to shareholders.
In order to achieve each of the indicators, we conducted two mergers and acquisitions in December 2022 with theaim of improving our earning power, which is the source of value creation and leads to our targeted sustainablegrowth. Following that, the company aims to achieve sustainable growth by aggressively pursuing investments
through mergers and acquisitions in June 2023 and again in January 2024. In addition, the Company has beenpromoting selection and concentration of its business portfolio, and has established TAKASHIMA INDUSTRIESCO., LTD. to improve the competitiveness of the Industrial Materials Division, and has sold fixed assets in line witha review of asset allocation, thereby improving profitability.
On the other hand, based on the recognition that further improvement of capital efficiency is necessary to achieve
ROE of 8% or higher, we have decided to change the shareholder return policy of a dividend payout ratio of 40% or
higher and a total return ratio of 50%, which were previously set under Sustainability V (Value). As a limited
measure for the two years until the final year of Sustainability V (Value), the dividend payout ratio will be changed
to at least 80% and the total return ratio to 100%. We will continue to improve capital efficiency and invest
aggressively to achieve sustainable growth.

(2) Details of change(Measures to be taken until the end of Sustainability V (Value), fiscal year ending March 31, 2026. To bereviewed at the time of formulating the next medium-term management plan)Previous policy
40％ or more
50％
500 million yen

Payout ratio
Total return ratio
Minimum dividend amount

New policy
80％ or more
100％
same as on the left

There are no changes in other management indicators.
(Status of Shareholder Returns after Submission of the plan to meet)
Fiscal year ended
March 31, 2022
Dividend per share*1
Amount of treasury stock
repurchased
Payout ratio
Total return ratio¥32.5¥101.57
Millions
45.1%
52.8%

Fiscal year ended
March 31, 2023

Fiscal year ended
March 31, 2024

¥42.5
¥102.08
Millions
47.9%
54.3%

¥60.0
¥902.08
Millions
22.0%
40.4%

Fiscal year ending
March 31, 2025
(forecast)
¥80.0
(*2)
85.8%
100%

*1 As of October 1, 2023, a 4-for-1 stock split was implemented for common shares, and the dividend per sharefor the fiscal year ended March 31, 2024 and prior is shown as the amount after the stock split.
*2 The Company will implement share repurchases in the fiscal year ending March 31, 2025 in a flexible mannerbased on a policy of 100% total return ratio.

(3) Time of changeThis will be applied from the fiscal year 2024 (fiscal year ending March 31, 2025).
2. Change of dividend forecast(1) Dividend forecast
Annual dividend
Year-end

Interim
Previous forecast(Disclosed May 13,2024.)(Fiscal year endingMarch 31, 2025)
Forecastsannounced
thistime(Fiscal year ending
March 31,2025)
Results for the previousperiod(Fiscalyearended
March 31, 2024)

Total¥20.00¥25.00¥45.00¥40.00¥40.00¥80.00¥20.00¥40.00*¥60.00*The year-end dividend for March 2024 includes a special dividend of 15.00 yen.
(2) Reason of change
In accordance with our updated shareholder return policy described above, we have revised our annual dividend
forecast upward by 35 yen per share to 80.00 yen per share from the previous forecast.
End.