Translation
Note: This document has been translated from the Japanese original for reference purposes only.
In the event of any discrepancy between this translated document and the Japanese original, theJapanese original shall prevail.

August 6, 2021
Dear Sirs and Madams,Company:
Representative:
Contact:Roland Corporation
Jun-ichi Miki, CEO & Representative Director(Securities Code: 7944; TSE First Section)
Naoyuki Tamura, Senior Executive Officer(Tel. +81-53-523-3652)

Notice regarding interim dividends of Surplus (Upward Revision) andrevisions to dividend forecasts
At the Board of Directors Meeting held today, Roland Corporation (the “Company”) resolved to pay the interim
dividend with the record date of June 30, 2021 and to revise its dividend forecast for the fiscal year ending December
31, 2021, which was announced on February 12, 2021 as follows.
Details
1. Reason
The Company plans to achieve sustained growth of its corporate value while gaining favorable responses from all
stakeholders, maximizing added value created through business activities and providing appropriate distribution. For
shareholder returns, the Company will provide sustained and stable dividends and acquire treasury stock in a flexible
and timely manner in consideration of stock market trends, capital efficiency, and other factors in order to achieve a
consolidated total return ratio of 50%, in principle, and a consolidated total return ratio of at least 30% even if it isnecessary to retain funds for growth investment.
The Company made upward revisions to its consolidated financial result forecasts for the fiscal year ending December
31, 2021 against the background of strong demand for electronic musical instruments due to the establishment of a
new lifestyle on May 7, 2021. Based on the above policy and recent performance trends, the Company resolved toincrease the interim dividend from the previous forecast of ¥47 per share announced on February 12, 2021 by ¥22
per share, resulting in a dividend of ¥69 per share. In addition, the Company resolved to revision year-end dividend
forecast from 47 yen per share to 69 yen.
2. Description of Dividends

Determined amount

Latest dividend forecast（Announced onFebruary 12, 2021）

Actual previous
year-end dividend

June 30, 2021

June 30, 2021

June 30, 2020

Interim dividend per share

69 yen47 yen1,080 yen

Total dividend payment

1,930 million yen－984 million yen

Effective date

September 7, 2021－

September 28, 2020

Record date

Dividend source
Retained earnings－
Retained earnings
Note: While the Company conducted a 30-for-1 common stock split effective on September 14, 2020, the dividends
per share for the actual previous year-end dividend is figure before the stock split.

3. Dividend forecast revisions
Dividend per share
InterimYear-end

Annual total

Previous forecast

47 yen94 yen

Revision of Forecast

69 yen138 yenResults for the Current Period

69 yenResults for the Previous Period
1,080 yen
36 yen(Fiscal Year Ended December 31, 2020)
Note: While the Company conducted a 30-for-1 common stock split effective on September 14, 2020, the dividends
per share for the second quarter-end of the fiscal year ended December 31, 2020 is a figure before the stocksplit. The annual dividend per share for the fiscal year ended December 31, 2020 is not presented because thefigures for the second quarter-end and the fiscal year-end cannot be simply added up due to the stock split. Ifthe effect of the stock split is taken into account, the dividend per share for the second quarter-end of the fiscal
year ended December 31, 2020 will be 36 yen, resulting in the annual dividend per share of 72 yen.

End