April 30, 2024CompanyRepresentative

JSP Corporation
Tomohiko Okubo, President & Representative Director(Securities code: 7942 Prime Market, Tokyo Stock Exchange)
Kazuhiro Nakajima, Executive Officer and General ManagerContact

Corporate Planning Division(TEL: ＋81-3-6212-6306)

Notice on Revision of the Year-end Dividend Forecast (Dividend Increase), Change of the Basic
Shareholder Return Policy and Partial Change to the Shareholder Benefit Plan
JSP Corporation (the “Company”) hereby announces that the Company resolved at the extraordinary Board ofDirectors held on April 30, 2024, to revise the year-end dividend forecast for the fiscal year ended March 30,2024 (dividend increase), to adopt the medium-term business plan “Change for Growth 2026” and to partiallyamend the shareholder benefit plan.
1. Revision of the year-end dividend forecast for the fiscal year ended March 31, 2024
The year-end dividend forecast for the fiscal year ended March 31, 2024, is set at 40 yen per share, an increase of
15 yen from the previous forecast (announced on January 31, 2024) of 25 yen per share.
As a result, the annual dividend for the year ended March 31, 2024, is expected to be 65 yen, including the interim
dividend of 25 yen.
In accordance with Article 47 of the Company’s Articles of Incorporation, the matter regarding the distribution ofsurplus with a record date of March 31, 2024, will be put to the Board of Directors meeting scheduled to be held inMay 2024.
Dividends per share
InterimYear-end

AnnualPrevious forecast (announced on January 31, 2024)

25 yen50 yen

Revised Forecast

40 yen65 yen25 yen50 yenActual (Fiscal year ended March 31, 2024)

25 yenActual (Fiscal year ended March 31, 2023)

25 yen2. Change in the basic shareholder return policy
In the medium-term management plan “Change for Growth 2026” which was disclosed today (April 30, 2024), theCompany changed the basic shareholder return policy as follows,(Before the change)
JSP regards the return of profits to the shareholders as an important policy. The Company's policy on profit
distribution is to place emphasis on stable dividends and to make comprehensive decisions while taking into
consideration consolidated financial results for each fiscal year and the need for sufficient retained earnings for futurebusiness development.
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（After the change）
Distributing earnings to shareholders is one of the highest priorities of JSP. Our policy is to place emphasis on stable
and consistent dividend payments and to aim for using capital more efficiently and increasing distributions ofearnings to shareholders. Shareholder returns will be determined by taking into consideration all applicable factors,including consolidated performance and the proper balance between retaining earnings for future business activities
and distributing earnings to shareholders. The guideline for dividends is a payout ratio of at least 35% of consolidated
net income.
*The revised policy will apply from the year ending March 31, 2025.
Dividends per share
Interim
Actual (Fiscal year ended March 31, 2024)

Annual40 yen65 yen40 yen80 yen25 yenForecast (Fiscal year ended March 31, 2024)
Forecast (Fiscal year ending March 31, 2025)

Year-end

40 yen2. Change in the shareholder benefit plan
(1) Reasons for the change
The Company has offered the shareholder benefit plan to express the Company’s gratitude for the ongoing supportof the shareholders. After careful consideration as to how to ensure a fair return of profits to the shareholders, andwith the aim of encouraging more people to hold the Company’s shares over the medium to long term, the Company
has decided to partially amend the shareholder benefit plan. The Company will continue to work to increase its
corporate value, considering the return of profits to shareholders as one of the key priorities. We appreciate yourcontinued understanding and support.
(2) Details of the change
Record date

Number of shares held

Holding period―

Before the change

Details of benefit
Original QUO card
(Worth 3,000 yen)

Continuous holding period
Original QUO card
One unitof one year or more
(Worth 1,000 yen)March 31(100 shares)(Note 1)After the change
Continuous holding period
Original QUO cardof three years or more
(Worth 3,000 yen)
(Note 2)
(Note 1) To qualify for the continuous holding period of one year or more, shareholders must be listed orrecorded on the register of shareholders of the Company (record date: end of March and end of September of
each year) holding one unit (100 shares) or more with the same shareholder number for three or more consecutive
times.
(Note 2) To qualify for the continuous holding period of three years or more, shareholders must be listed orrecorded on the register of shareholders of the Company (record date: end of March and end of September ofeach year) holding one unit (100 shares) or more with the same shareholder number for seven or more consecutive
times.

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(3) Date of change in the shareholder benefit plan
The revised shareholder benefit plan will be applied to shareholders listed or recorded on the register of shareholdersof the Company on the record date of March 31, 2026.
For the shareholders listed or recorded on the register of shareholders of the Company on the record date of March
31, 2024, and March 31, 2025, holding one unit (100 shares) or more will receive an original QUO card worth 3,000
yen with social contribution donation in the same way as in the past.

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