August 6, 2024
For Immediate Release
Company name: SEPTENI HOLDINGS CO., LTD.
Representative: Representative Director, Group President and Chief Executive OfficerYuichi Kouno(TSE Standard Code: 4293)

Notice of Changes in Shareholder Return Policy andRevision of Year-End Dividend Forecast (Dividend Increase)
SEPTENI HOLDINGS CO., LTD. (the “Company”) hereby announces that the Board of Directors has resolved
today to change the shareholder return policy as follows.
In addition, with the change in the policy, the Company has revised and increased the forecast for the year-end
dividend for the fiscal year ending December 2024, as follows.
1. Changes in Shareholder Return Policy(1) Reason for change
The Company recognizes that returning profits to shareholders is one of the key management issues.
In the fiscal year ended December 2023, the Company increased the consolidated dividend payout ratio
from 15% to 25%, and raised the minimum limit for dividends per share from ¥2 to ¥3, in order tostrengthen its return of profits to shareholders.
It also has shifted to a new management structure since the current fiscal year. Under the newmanagement structure, it is currently pursuing a long-term growth strategy to improve its corporate value ona sustainable basis, and has positioned the current fiscal year as a preparatory period for strategic growthinvestment from the next fiscal year onward. This leads to the decision to increase the proportion ofshareholder returns under the capital allocation policy and significantly increase the dividend payout ratio
under the dividend policy.
As a result, its policy for the year-end dividend for the fiscal year ending December 2024 is to return¥6.5 billion of profit attributable to owners of parent, which is announced in the forecast for the current
fiscal year, including the gain on the partial share transfer of its subsidiaries, etc.
From the fiscal year ending December 2025 onward, the Company will raise the consolidated dividend
payout ratio from 25% under the current dividend policy to a level of 50% or more.

1(2) Details of change
Before change
Regarding dividends of surplus, in considerationof our consolidated earnings performance of eachfiscal year, the strengthening of our financial
position, the Group's business strategy going
forward and other factors, we endeavor to return
profits to shareholders within the range of ourdistributable amount, with a target dividend payout
ratio of around 25% to profit attributable to ownersof parent.

After change
Regarding dividends of surplus, in considerationof our consolidated earnings performance of eachfiscal year, the strengthening of our financial
position, the Group's business strategy going
forward and other factors, we endeavor to return
profits to shareholders within the range of ourdistributable amount, with a dividend payout ratio of
100% to profit attributable to owners of parent for
the fiscal year ending December 2024 and aminimum dividend payout ratio of 50% from thefiscal year ending December 2025 onward.

Furthermore, by setting a minimum annual
dividend per share of ¥3 in principle, we willconsider the continuity and stability of dividends,
while basing on appropriate profit distribution inline with business growth.
Retained earnings will be used for investments inhigh-growth and profitable business domains, aswell as for investments to improve the efficiency
and vitalization of existing businesses, and for
educational investment to develop human resources.
We intend to acquire own shares on an ongoingbasis by comprehensively taking into accountmarket conditions, opportunities to invest inbusinesses, capital efficiency, the level of shareprice, etc. and to implement such share repurchases
in a flexible manner.

We also intend to acquire own shares on anongoing basis by comprehensively taking into
account market conditions, opportunities to invest inbusinesses, capital efficiency, the level of shareprice, etc. and to implement such share repurchasesin a flexible manner.
Retained earnings will be used for investments inhigh-growth and profitable business domains, aswell as for investments to improve the efficiency
and vitalization of existing businesses, and for
educational investment to develop human resources.

(3) Timing of change
Effective from the year-end dividend for the fiscal year ending December 2024 (the current fiscal year.)2

2. Year-End Dividend Forecast for the Fiscal Year Ending December 2024
(1) Details of revision
Cash dividends per share (Yen)Previous forecast
Forecast as
revised this time
Results for thefiscal year underreview
Results for theprevious fiscal year
(FY2023)

End of 1Q

End of 2Q

End of 3Q

End of 4Q―――――――――――

Term end

Total

7.90

7.90

31.35

31.35

5.20

5.20

(2) Reason for revision
As a result of the above change in dividend policy, the Company has revised the year-end dividend
forecast for the fiscal year ending December 2024, which has been increased by ¥23.45 from the previous
forecast, to ¥31.35 per share.
(Note) The above forecast is forward-looking statements based on information available at the time of publicationand is subject to uncertainty. Actual results may differ from the above forecast due to various factors.

■Contact Information
IR Department, CEO OfficeE-mail: ir@septeni-holdings.co.jp

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