May 14, 2024

Company name: YAMAZEN CORPORATION
Representative: Koji KISHIDA, President and CEO(Code No. 8051; The Prime Market of Tokyo Stock Exchange)
Inquiries: Hayato HIRATA, Manager, IR & PR Dept.
TEL 06-6534-3095

Notice Regarding Dividends of Surplus (Increased Dividend) and Dividend Forecast for theFiscal Year Ending March 31, 2025
YAMAZEN CORPORATION (“the Company”) hereby announces that, at a Board of Directors meeting held on May14, 2024, a resolution was passed to pay a dividend of surplus with a record date of March 31, 2024 as follows.
Further, the Company hereby also announces its dividend forecast for the fiscal year ending March 31, 2025.

1. Details of Year-end Dividend for the Fiscal Year Ended March 31, 2024

Amount determined

Most recent dividendforecast(Announced on
September 13, 2023)

Results for theprevious fiscal year
(FY3/23)

March 31, 2024

Same as left

March 31, 2023

Record date

Yen

Yen

Yen

Dividend per share

30.00

29.00

20.00

Total dividends

2,670 million yen-

1,780 million yen

Effective dateJune 7, 2024-

June 9, 2023

Retained earnings-

Retained earningsSource of dividend
2. Reason

As we place returning profits to our shareholders as an important management issue, and taking into consideration
the balance between investment for sustainable growth and enhancement of corporate value, and financial soundness
as preparation for various risks, our basic policy is to distribute profits in accordance with business performance, andthe amount of dividends for each fiscal year during the term of the Medium-Term Management Plan “CROSSING
YAMAZEN 2024” shall be the higher of the two amounts calculated based upon a consolidated dividend payout ratioof 40% (the indicator for performance-based profit distribution) and a dividend on equity ratio (DOE) of 3.5% (theindicator for stable profit distribution).
Furthermore, the acquisition of treasury shares will be carried out flexibly, depending on timing and financialconditions, in order to provide additional shareholder returns and improve capital efficiency.
Based on the aforementioned shareholder returns policy, the annual dividend per share for the fiscal year ended
March 31, 2024 (the current fiscal year) has been revised to 50.00 yen from the previous forecast of 49.00 yen, andthe year-end dividend has been revised to 30.00 yen from 29.00 yen accordingly (an interim dividend of 20.00 yen
per share has already been paid).

3. Dividend Forecast for the Fiscal Year Ending March 31, 2025
Regarding the dividend for the fiscal year ending March 31, 2025, based on the aforementioned shareholder
returns policy, and premised on the numerical targets for the Medium-Term Management Plan that were announced
today, we have applied a dividend on equity ratio (DOE) of 3.5% (the indicator for stable profit distribution), and theannual dividend forecast per share is 51.00 yen (an interim dividend of 20.00 yen and a year-end dividend of 31.00yen).
Dividend per share
Record date

End-Q2Year-end
Yen

Total
Yen

Yen

Forecast for FY3/25

20.00

31.00

51.00

Results for FY3/24

20.00

30.00

50.00

Results for FY3/23 (for reference)

20.00

20.00

40.00

(Note) The above forecast is based upon information that is available as of the date of this announcement, and the actual results may
differ from the forecast due to various factors.

END