Quarterly Consolidated Financial Statements
Included in the Quarterly Report

Meiko Electronics Co., Ltd.
and its consolidated subsidiaries
For the second quarter and six months ended September 30, 2023
(ENGLISH TRANSLATION)NOTE:This document is an excerpt translation of the Quarterly Report (“Shihanki Houkokusho”) of Meiko
Electronics Co., Ltd. (the “Company”), for the second quarter and six months ended September 30,
2023, filed with the Director of the Kanto Local Finance Bureau of the Ministry of Finance of Japanpursuant to the Financial Instruments and Exchange Act of Japan on November 10, 2023.
Please note that the quarterly consolidated financial statements in this document are a translation of
the reviewed quarterly consolidated financial statements presented in Japanese. The translation of thequarterly consolidated financial statements and notes has NOT been audited by KPMG AZSA LLC,
who reviewed the original Japanese figures.
The Company provides this translation for your reference and convenience only without any warranty
as to its accuracy. In case of any discrepancy between the translation and the Japanese original, thelatter shall prevail. The final decision and responsibility for investments rests solely with the reader ofthis document.

Financial Information
1 Basis of preparation of the quarterly consolidated financial statements
The quarterly consolidated financial statements of the Company are prepared in accordance with the“Ordinance on the Terminology, Forms, and Preparation Methods of Quarterly Consolidated Financial
Statements” (Cabinet Office Ordinance No. 64 of 2007).

2 Review reports
The quarterly consolidated financial statements of the Company for the second quarter (July 1, 2023 –September 30, 2023), and those for the six months ended September 30, 2023, were reviewed by
KPMG AZSA LLC, pursuant to Article 193-2, Paragraph 1 of the Financial Instruments and Exchange
Act of Japan.

-1-1 Consolidated Financial Statements(1) Consolidated Balance Sheets
Meiko Electronics Co., Ltd. and its consolidated subsidiaries

Thousands of
U.S. dollars

Millions of yen
March 31, 2023

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Electronically recorded monetary claims - operating
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
LandConstruction in progress
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Total non-current assets
Total assets

¥

*1

¥

-2-

17,58435,989
2,920
9,929
7,044
15,6582,952(171)
91,905September 30, 2023

¥
*2
*2

22,427
37,109
5,941
9,592
7,920
17,2035,207(28)
105,371

September 30, 2023

$
*2
*2

149,932
248,085
39,71764,123
52,948115,00734,822(188)
704,446

26,45644,752
2,553
18,315
3,462
95,53827,767
47,843
2,548
28,434
3,713
110,305

185,633
319,848
17,034
190,093
24,821
737,429

6,304
696
7,000
7,952
110,490
202,395

5,966
718
6,684
8,354
125,343
230,71439,882
4,806
44,68855,850837,967
1,542,413

*1

¥

*1

$

Thousands of
U.S. dollars

Millions of yen
March 31, 2023

September 30, 2023

September 30, 2023

Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term borrowings
Current portion of long-term borrowings
Income taxes payable
Provision for bonuses
Provision for bonuses for directors
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Provision for retirement benefits for directors
Provision for share awards
Provision for share awards for directors
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

¥
*4
*4

*4

¥

-3-

22,79429,663
7,200
1,020
1,201
55
11,74073,673*2

38,467
216
173
36
4,126
1,229
44,247
117,920

*4

¥

*4
*4

29,61935,080
8,575
1,383
1,057
2
12,29588,011*2

39,250
216
235
46
3,697
1,265
44,709132,720

*4

$

*4
*4

198,016
234,525
57,327
9,246
7,065
12
82,193588,384
262,401
1,443
1,569
311
24,717
8,459
298,900
887,284

12,88913,70035,568(2,176)59,981

12,88913,70039,914(2,173)64,33086,164
91,594
266,838(14,527)
430,06913
55
17,426(154)
17,3407,154
84,475
202,395

59(68)
26,529(47)
26,473
7,191
97,994
230,714393(453)
177,361(316)
176,985
48,075655,129
1,542,413¥$

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income
For the Six Months Ended September 30, 2023
Meiko Electronics Co., Ltd. and its consolidated subsidiaries
Thousands of
U.S. dollars

Millions of yen
Six months ended
September 30, 2022

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on termination of retirement benefit plan
Total extraordinary income
Extraordinary losses
Loss on sale and retirement of non-current assets
Loss on disaster
Business restructuring expenses
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

¥

*1

¥

-4-

81,71069,18912,5217,880
4,641

Six months ended
September 30, 2023¥

*1

86,21772,32813,8899,691
4,198

Six months ended
September 30, 2023$

*1576,394
483,539
92,85564,792
28,063

50
4
4,237
304
4,595

253
4
2,792
159
3,208

1,694
30
18,666
1,056
21,446

430
65
495
8,741

551
95
646
6,760

3,685
631
4,316
45,193

0
－
0

35
6
41

237
38
275

137
60
16
213
8,528
2,157
6,371
(49)
6,420

56
－
－
56
6,745
1,498
5,247
24
5,223

374
－
－
374
45,094
10,01335,081
161
34,920¥$Consolidated Statements of Comprehensive Income
For the Six Months Ended September 30, 2023
Meiko Electronics Co., Ltd. and its consolidated subsidiaries
Thousands of
U.S. dollars

Millions of yen
Six months ended
September 30, 2022

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

¥

6,371

Six months ended
September 30, 2023

¥

4
(65)
10,287
11
10,237
16,608¥-5-

16,623(15)

5,247

Six months ended
September 30, 2023

$

45
(123)
9,118
107
9,147
14,394¥

14,35737

35,081303(820)
60,948716
61,14796,228$95,982
246

(3) Consolidated Statements of Cash Flows
For the Six Months Ended September 30, 2023
Meiko Electronics Co., Ltd. and its consolidated subsidiaries

Thousands of
U.S. dollars

Millions of yen
Six months ended
September 30, 2022

Cash flows from operating activities
Profit before income taxes
Depreciation
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for bonuses for directors
Increase (decrease) in provision for share awards
Increase (decrease) in provision for share awards for directors
Increase (decrease) in retirement benefit liability
Interest and dividend income
Interest expenses
Insurance claim income
Foreign exchange losses (gains)
Loss (gain) on sale and retirement of property, plant and equipment
Loss on disaster
Business restructuring expenses
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Decrease (increase) in other assets
Increase (decrease) in other liabilities
Other, net
SubtotalInterest and dividends received
Interest paid
Proceeds from insurance income
Payments for business restructuring expenses
Income taxes refund (paid)
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Purchase of shares of subsidiaries resulting in change inscope of consolidation
Net decrease (increase) in short-term loans receivable
Long-term loan advances
Proceeds from collection of long-term loans receivable
Other, net
Net cash provided by (used in) investing activities

¥

¥

-6-

8,528
4,632
20
(17)
(138)
(59)
30
4
57
(54)
430
(23)
(2,721)137
60
16(1,620)(370)(4,419)
(347)
(324)
(16)
3,806
49
(422)
23
(16)
(1,113)2,327

Six months ended
September 30, 2023

¥

6,745
5,367
338
622
(157)
(53)
62
10
(318)
(258)
551
－
(1,960)21－－(3,236)363
4,944(1,572)388
30
11,887
267
(548)
－
－
(1,074)
10,532Six months ended
September 30, 2023$

45,09435,8842,261
4,155(1,048)
(352)
414
69
(2,129)(1,724)
3,685－(13,101)138－－(21,633)
2,425
33,052(10,508)
2,594
196
79,472
1,784(3,664)－－(7,184)70,408(10,525)
0
(66)
－
－

(12,257)
46
(69)
(572)
221

(81,940)305(459)(3,825)
1,478(9,312)

－

－

(551)
(1,109)165(85)(21,483)

26
(534)
399
29
(12,711)172(3,571)
2,667
194(84,979)¥$

Thousands ofMillions of yen
Six months ended
September 30, 2022

Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Repayments of lease obligations
Purchase of treasury shares
Proceeds from disposal of treasury shares
Dividends paid
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

¥

*1

-7-

¥

25,5005,000(3,315)
(141)
(0)
2
(645)
26,401
1,081
8,326
10,451
18,777

U.S. dollars

Six months ended
September 30, 2023

¥

*1

¥

4,520
6,000
(3,841)
(122)
－
－
(878)
5,679
1,343
4,843
17,33522,178Six months ended
September 30, 2023

$

*1

$

30,221
40,112(25,683)(814)－－(5,867)37,9698,979
32,377
115,890
148,267

Notes to the Consolidated Financial Statements
Matters concerning Going Concern Assumption
Not applicable
Basis of Presenting Consolidated Financial Statements
The accompanying consolidated financial statements of Meiko Electronics Co., Ltd. (the “Company”) havebeen prepared in accordance with the provisions set forth in the Financial Instruments and Exchange Act ofJapan and its related accounting regulations, and in conformity with accounting principles generally acceptedin Japan (“Japanese GAAP”), which are different in certain respects as to application and disclosure
requirements of International Financial Reporting Standards.
The consolidated financial statements are stated in Japanese yen, the currency of the country in which theCompany is incorporated and operates. The translation of Japanese yen amounts into U.S. dollar amounts is
included solely for the convenience of readers outside Japan and have been made at the rate of ¥149.58 to $1,
the approximate rate of exchange at September 30, 2023. Such translation should not be construed as
representation that the Japanese yen amounts could be converted into U.S. dollars at that or any other rate.
Specific Accounting Treatments Adopted in Preparing the Quarterly Consolidated Financial Statements(Computation of Tax Expense)
Tax expenses are calculated by reasonably estimating the effective tax rate after the adoption of tax-effectaccounting that is applicable to profit before income taxes for the fiscal year ending March 31, 2024, andmultiplying profit before income taxes for the period under review by this estimated effective tax rate.

-8-

Consolidated Balance Sheets*1 Amount of allowance for doubtful accounts directly deducted from the amount of assets
Thousands of
U.S. dollars

Millions of yen
March 31, 2023

Investments and other assets････････････････････････････¥

31

September 30, 2023¥

817

September 30, 2023

$

5,465

*2 Accounting treatment for notes, etc., maturing on September 30, 2023
Notes, etc., maturing on the final day of a quarterly reporting period are accounted for as if they had been settled on
the final day of the period.
As the final day of the second quarter was a bank holiday, the following notes, etc., that matured on that day were
accounted for as though they had been settled on the maturity date, September 30, 2023.
Thousands of
U.S. dollars

Millions of yen
March 31, 2023

Notes receivable-trade････････････････････････････
Electronically recorded monetary claims - operating･Notes payable-trade･･････････････････････････････
Electronically recorded obligations - operating･･････

¥

－
－
－
－

September 30, 2023

¥

105
1,453
2
50

September 30, 2023

$

699
9,713
16
331

3 Discounted electronically recorded monetary claims - operating are summarized below:
Thousands of
U.S. dollars

Millions of yen
March 31, 2023

Discounted electronically recorded monetary claims operating･･･････････････････････････････････････¥

15

September 30, 2023¥

19

September 30, 2023$

128

*4 Financial covenants
Consolidated fiscal year ended March 31, 2023
Of short-term borrowings and long-term borrowings (including borrowings scheduled for repayment within oneyear), ¥56,600 million have financial covenants attached under which the breaching of any of the following will
require the accelerated repayment of the obligation in the corresponding funding agreement (when there is morethan one covenant, the one with stricter conditions is stated).
(1) Two consecutive ordinary losses shall not be recorded in the consolidated statements of income for eachfiscal year.
(2) The total amount of net assets recorded in the consolidated balance sheet as of the close of each fiscal
year shall be at least the higher of: (i) ¥20,589 million; or (ii) 75% of the total amount of net assets
recorded in the consolidated balance sheet as of the close of the immediately preceding fiscal year.
(3) The total amount of interest-bearing debt recorded in the consolidated balance sheet as of the close ofeach fiscal year shall be no more than the amount of net sales recorded in the consolidated statement ofincome for the same fiscal year, divided by 12 and multiplied by 8.
(4) The total amount of interest-bearing debt recorded in the consolidated balance sheet as of the close ofeach fiscal year divided by the amount of total net assets less the amount of foreign currency translation
adjustment shall be maintained at 2.1 or less for the fiscal year ended March 31, 2023, 1.9 or lessfor the fiscal year ending March 31, 2024, 1.7 or less for the fiscal year ending March 31, 2025, 1.6 orless for the fiscal year ending March 31, 2026, and 1.5 or less for the fiscal year ending March 31, 2027.
(5) The adjusted-interest-bearing-debt-to-EBITDA ratio, which is calculated by the following formula,shall be maintained at 5 or less as of the last days of the fiscal year ending March 2025 and onward.
Formula: Total adjusted interest-bearing debt for the fiscal year in question (the fiscal year ending March2025 for the first examination) ÷ (average EBITDA of the last three periods)“EBITDA” refers to operating income or loss recorded in the consolidated statement of income plus
depreciation.

-9-

Six months ended September 30, 2023
Of short-term borrowings and long-term borrowings (including borrowings scheduled for repayment within oneyear), ¥61,100 million have financial covenants attached under which the breaching of any of the following will
require the accelerated repayment of the obligation in the corresponding funding agreement (when there is morethan one covenant, the one with stricter conditions is stated).
(1) Two consecutive ordinary losses shall not be recorded in the consolidated statements of income for eachfiscal year.
(2) The total amount of net assets recorded in the consolidated balance sheet as of the close of each fiscal
year shall be at least 75% or higher of the total amount of net assets recorded in the consolidated balance
sheet as of the close of the immediately preceding fiscal year.
(3) The total amount of interest-bearing debt recorded in the consolidated balance sheet as of the close ofeach fiscal year shall be no more than the amount of net sales recorded in the consolidated statement ofincome for the same fiscal year, divided by 12 and multiplied by 8.
(4) The total amount of interest-bearing debt recorded in the consolidated balance sheet as of the close ofeach fiscal year divided by the amount of total net assets less the amount of foreign currency translation
adjustment shall be maintained at 2.1 or less for the fiscal year ended March 31, 2023, 1.9 or lessfor the fiscal year ending March 31, 2024, 1.7 or less for the fiscal year ending March 31, 2025, 1.6 orless for the fiscal year ending March 31, 2026, and 1.5 or less for the fiscal year ending March 31, 2027.
(5) The adjusted-interest-bearing-debt-to-EBITDA ratio, which is calculated by the following formula,shall be maintained at 5 or less as of the last days of the fiscal year ending March 2025 and onward.
Formula: Total adjusted interest-bearing debt for the fiscal year in question (the fiscal year ending March2025 for the first examination) ÷ (average EBITDA of the last three periods)“EBITDA” refers to operating income or loss recorded in the consolidated statement of income plus
depreciation.
Consolidated Statements of Income*1 Main items and corresponding amounts recorded as selling, general and administrative expenses are shown below:
Thousands of
U.S. dollars

Millions of yen
Six months ended
September 30, 2022

Salaries and allowances････････････････････････････････････････¥
1,285
Provision for bonuses･･････････････････････････････････････ 255
Provision of allowance for doubtful accounts･･･････････････････ 3
Provision for share awards･･････････････････････････････････････30
Provision for share awards for directors････････････････
9Retirement benefit expenses･･････････････････････････････････････
57
Research and development expenses･･･････････････････
1,777

Six months ended
September 30, 2023

¥

1,454
304
784
66
10
63
2,261

Six months ended
September 30, 2023

$

9,722
2,030
5,239
442
69
419
15,119Consolidated Statements of Cash Flows*1 The relationship between cash and cash equivalents as of September 30, 2023, and the amounts shown on theConsolidated Balance Sheets are shown below:
Millions of yen
Six months ended
September 30, 2022

Six months ended
September 30, 2023

Cash and deposits･･････････････････････････････････････････¥
19,026¥22,427
Time deposits with tenors exceeding 3 months･･････････････････････････････････････････
(249)
(249)
Cash and cash equivalents･･････････････････････････････････････････¥
18,777¥
22,178- 10 -

Thousands of
U.S. dollars
Six months ended
September 30, 2023$$

149,932(1,665)148,267

Total Shareholders’ Equity
Six months ended September 30, 2022
1 Cash dividends paid
Resolution
Board meeting on May 23, 2022
Common shares
Type of shares ･････････････････････････・･･･・・･･・・・･･
645
Total dividends (Millions of yen) ･････････････・・･･･・･･･
25.00
Dividend per share (Yen)･････････････････････・・・･･････
March 31, 2022
Record date･･･････････････････････････････････・・・･･･
June 10, 2022
Effective date･･･････････････････････････････････・・・･･
Dividend resource･･････････････････････・・･･･・・・･･････
Retained earnings
Note: Total dividends by a resolution of the Board of Directors on May 23, 2022, include ¥3 million in dividends
on Company shares held as trust assets of the Board Benefit Trust and the Employee Stock Ownership Plan
(J-ESOP).
2 Of the dividends whose record date falls during the six months ended September 30, 2022, those dividends whose
effective date fell after the last day of the second quarter
Resolution
Board meeting on November 4, 2022
Common shares
Type of shares ･････････････････････････・･･･・・･･・・・･･
696
Total dividends (Millions of yen) ･････････････・・･･･・･･･
27.00
Dividend per share (Yen)･････････････････････・・・･･････
September 30, 2022
Record date･･･････････････････････････････････・・・･･･
November 30, 2022
Effective date･･･････････････････････････････････・・・･･
Dividend resource･･････････････････････・・･･･・・・･･････
Retained earnings
Note: Total dividends by a resolution of the Board of Directors on November 4, 2022, include ¥4 million in
dividends on Company shares held as trust assets of the Board Benefit Trust and the Employee Stock
Ownership Plan (J-ESOP).

- 11 -Six months ended September 30, 2023
1 Cash dividends paid
Resolution
Board meeting on May 29, 2023
Common shares
Type of shares ･････････････････････････・･･･・・･･・・・･･
722
Total dividends (Millions of yen) ･････････････・・･･･・･･･
28.00
Dividend per share (Yen)･････････････････････・・・･･････
March 31, 2023
Record date･･･････････････････････････････････・・・･･･
June 13, 2023
Effective date･･･････････････････････････････････・・・･･
Dividend resource･･････････････････････・・･･･・・・･･････
Retained earnings
Resolution
Board meeting on May 29, 2023
Series 1 Non-convertible preferred stock
Type of shares ･････････････････････････・･･･・・･･・・・･･
156
Total dividends (Millions of yen) ･････････････・・･･･・･･･
2,233,660.00
Dividend per share (Yen)･････････････････････・・・･･････
March 31, 2023
Record date･･･････････････････････････････････・・・･･･
June 13, 2023
Effective date･･･････････････････････････････････・・・･･
Dividend resource･･････････････････････・・･･･・・・･･････
Retained earnings
Note: Total dividends on common shares by a resolution of the Board of Directors on May 29, 2023, include ¥4
million in dividends on Company shares held as trust assets of the Board Benefit Trust and the Employee
Stock Ownership Plan (J-ESOP).
2 Of the dividends whose record date falls during the six months ended September 30, 2023, those dividends whose
effective date will fall after the last day of the second quarter
Resolution
Board meeting on November 6, 2023
Common shares
Type of shares ･････････････････････････・･･･・・･･・・・･･
696
Total dividends (Millions of yen) ･････････････・・･･･・･･･
27.00
Dividend per share (Yen)･････････････････････・・・･･････
September 30, 2023
Record date･･･････････････････････････････････・・・･･･
November 30, 2023
Effective date･･･････････････････････････････････・・・･･
Dividend resource･･････････････････････・・･･･・・・･･････
Retained earnings
Resolution
Board meeting on November 6, 2023
Series 1 Non-convertible preferred stock
Type of shares ･････････････････････････・･･･・・･･・・・･･
158
Total dividends (Millions of yen) ･････････････・・･･･・･･･
2,256,164.40
Dividend per share (Yen)･････････････････････・・・･･････
September 30, 2023
Record date･･･････････････････････････････････・・・･･･
November 30, 2023
Effective date･･･････････････････････････････････・・・･･
Dividend resource･･････････････････････・・･･･・・・･･････
Retained earnings
Note: Total dividends on common shares by a resolution of the Board of Directors on November 6, 2023, include¥4 million in dividends on Company shares held as trust assets of the Board Benefit Trust and the Employee
Stock Ownership Plan (J-ESOP).

- 12 -

Segment Information
As the Group’s businesses are primarily in PCB design, manufacturing, sales, and ancillary operations, thedescription of other businesses is omitted as they are of little significance.
Revenue Recognition
The regional breakdown of revenue generated from contracts with customers is as follows:
Millions of yen
Six months ended
Six months ended
September 30, 2022 September 30, 2023
27,916
37,21820,41816,45910,326
10,672
11,468
10,156
9,274
9,816
2,306
1,895
2
1
81,71086,217－－
81,71086,217Japan
China
Vietnam
Asia
North America
EuropeOther
Revenue generated from contracts with customers
Other revenue
Sales to external customers
Per Share Information
The basis for calculating profit per share is shown below:

Six months ended
Six months ended
September 30, 2022 September 30, 2023
250.37
197.52

Item

Profit per share (Yen)Basis for calculation
6,420
5,223
Profit attributable to owners of parent (Millions of yen)Amounts not attributable to common shareholders
158－(Millions of yen)[158]
[Of which, preferred dividend (Millions of yen)][－]
Profit attributable to owners of parent pertaining to
6,420
5,065
common shares (Millions of yen)
Average number of common shares outstanding for the period
25,641,302
25,644,682(Shares)
Notes: 1. Diluted profit per share is not disclosed, as there were no diluted shares.
2. The Company shares remaining in the trust which are booked as treasury shares in shareholders’equity, includes treasury shares deducted when calculating the average number of shares for theperiod that were used to calculate profit per share. The average number of treasury shares for theperiod that were deducted to calculate profit per share was 138,908 shares for the six months
ended September 30, 2022, and 135,387 shares for the six months ended September 30, 2023.
Significant Subsequent Events
Not applicable- 13 -

2

Other
Dividends of surplus
With regard to interim dividends for the fiscal year ending March 31, 2024, the Board of Directors passed a
resolution at its meeting on November 6, 2023 to pay interim dividends to shareholders who are recorded in theshareholder registry as of September 30, 2023 as follows:
1) Total dividends
Common shares
696 million yen
Series 1 Non-convertible preferred stock
158 million yen
2) Dividend per share
Common shares
27.00 yen
Series 1 Non-convertible preferred stock
2,256,164.40 yen
3) Effective date of claim for payment and payment commencement dateNovember 30, 2023
Note: Total dividends on common shares include ¥4 million in dividends on Company shares held as trust
assets of the Board Benefit Trust and the Employee Stock Ownership Plan (J-ESOP).

- 14 -