May 11, 2023
(Translation)
Dear Sir/Madam,Company:
Representative:

Contact:JP-HOLDINGS, INC.
Tohru Sakai,President and Representative Director(Stock Code: 2749, Prime Market of TSE)
Kenji Zushi,
Operating Officer(Tel: +81 52 933 5419)

Notice of Dividends from Retained Earnings andForecast of Dividends for the Next Fiscal Year
JP-HOLDINGS, INC. announces that at the board of directors meeting held on May 11, 2023, theCompany resolved to pay a dividend from retained earnings with a record date of March 31, 2023,
and also resolved the dividend forecast for the next fiscal year. Details are as follows.

1. Details of the year-end dividend for the fiscal year ended March 2023
(1) Contents of the decision
Most recent dividend
forecast
Determined amount(Announced on May 12,2022)

Record date

Dividend per share

March 31, 2023

March 31, 2023

6.0 yen

6.0 yen(Ordinary dividend:(Ordinary dividend:

Results for theprevious fiscal year
(FY3/22)

March 31, 2022

4.5 yen

5.0 yen)

5.0 yen)(Commemorative(Commemorativedividend: 1.0 yen)

dividend: 1.0 yen)

Total amount ofdividend

510 million yen-

393 million yen

Effective dateJune 28, 2023-

June 29, 2022

Retained earnings-

Retained earnings

Source of dividends(2) Reason
We regard the distribution of profits to shareholders as one of our key management policies andaims to sustainably increase the value of the Company while strengthening our corporate structure.
The policy for returning profits to shareholders is based on the distribution of profits throughdividends and the stable and continuous payment of dividends, taking account of the consolidated
results for each fiscal year, investment plans and cash reserves.

The year-end dividend for the fiscal year ended March 31, 2023 will be paid from retained
earnings in accordance with the basic policy: an ordinary dividend of 5.0 yen per share and acommemorative dividend of 1.0 yen per share to mark the 30th anniversary of the Company's
founding, for a total of 6.0 yen per share. The dividend payment plan will be proposed to the 31st
Annual General Meeting of Shareholders.

(Reference) Breakdown of annual dividends
Dividend per share (yen)Record date

End-Q2Year-end0 yen

Results for the fiscalyear under review
Results for theprevious fiscal year0 yen

Annual

6.0 yen

6.0 yen(Ordinary dividend:(Ordinary dividend:5.0 yen)

5.0 yen)(Commemorative(Commemorativedividend: 1.0 yen)

dividend: 1.0 yen)

4.5 yen

4.5 yen

2. Dividend forecast for the next fiscal year (fiscal year ending March 2024)
For the fiscal year ending March 2024, we plan to increase the dividend by 1.0 yen per share to 6.0
yen, compared with an ordinary dividend of 5.0 yen for the fiscal year ended March 2023, in orderto promote stable return of profits to shareholders over the long term, taking into consideration theoutlook for business results and the dividend payout ratio.
(Reference) Breakdown of annual dividends
Dividend per share
Record date
Dividend for the next
fiscal year
(FY3/24)
Results for the fiscal
year under review(FY3/23)

Dividend for theprevious fiscal year
(FY3/22)

End-Q2Year-end

0 yen

0 yen

0 yen

Annual

6.0 yen

6.0 yen

6.0 yen

6.0 yen(Ordinary dividend:(Ordinary dividend:

5.0 yen)

5.0 yen)(Commemorative(Commemorative

dividend: 1.0 yen)

dividend: 1.0 yen)

4.5 yen

4.5 yen(Note) The figures for the actual dividend for the fiscal year under review (FY3/23) are based on theassumption that the proposal for the distribution of dividend from retained earnings will be approved
as proposed at the 31st Annual General Meeting of Shareholders.