February 29, 2024
To whom it may concern
Corporate Name: Nishimoto Co., Ltd.
Representative: Yoshiro Susaki, Chairman & CEO(Code No.: 9260 Prime Market of the Tokyo Stock Exchange)
Contact: Yuji Sasa, President, Director of the board, Managing Executive Officer, COO, CFO(Phone:03-6870-2015)

Notice on Dividend of Surplus
Nishimoto Co., Ltd. (the "Company") hereby announces that at the Board of Directors meeting held onFebruary 29, 2024, the Company resolved to pay a dividend of surplus with December 31, 2023, as the record
date, as set forth below.
The Company's Articles of Incorporation stipulate that the Company may, by a resolution of the Board ofDirectors, decide the matters listed in each item of Paragraph 1, Article 459 of the Companies Act.
1. Details of Dividend
Determined amount

Most recent dividend
forecast (Announced on
February 14, 2023)

Results for previous term
(fiscal year ended
December 2022)

December 31, 2023

Same as on the left

December 31, 2022

80.00 yenSame as on the left

75.00 yen

Total amount of dividend

1,148million yen-1,076 million yen

Effective date

March 13, 2024-

March 16, 2023Source of dividend

Retained earnings-Retained earnings

Record date
Dividend per share

2. Reason
Regarding profit distribution, the Company has a basic policy of maintaining stable dividends while
securing internal reserves for future business development and for bolstering its financial position. TheCompany considers the dividend payout ratio as an important indicator of how appropriate a dividend
payment is and targets a dividend payout ratio on a consolidated basis of approximately 30% for eachfiscal year.
With regard to the year-end dividend for the fiscal year ended December 2023, the Company will pay a
dividend of 80.00 yen per share in full consideration of the above basic policy, the business results for the
fiscal year under review, the future business environment, financial position, capital requirements, andother factors.
*The dividend forecast is as follows.
Dividend per share (yen)Record date

Second-quarter end

Year-end

Dividend forecast (Note)(fiscal year ending December 2024)

90.00

33.33
（100.00）

Total―(190.00)

Results for current term
(fiscal year ended December 2023)

80.00

80.00

160.00Results for previous term
(fiscal year ended December 2022)

70.00

75.00

145.00(Note) At a meeting of the Board of Directors held on February 14, 2024, the Company resolved to conduct astock split at a ratio of 3 shares for each share of common stock, with an effective date of July 1, 2024.
For dividends for the fiscal year ending December 31, 2024 (forecast), the amount at the end of thesecond quarter refers to the amount before the stock split, and the amount at the end of the fiscal year
refers to the amount after considering the stock split. The year-end dividend per share for the fiscal
1year ending December 31, 2024 (forecast), without considering the stock split is 100.00 yen, and theannual dividend per share is 190.00 yen. Please refer to the Notice of Stock Split and Partial
Amendments to the Articles of Incorporation in Connection with Stock Split announced on February
14, 2024, for details of the stock split.

2