February 9, 2024
Company name:

UT Group Co., Ltd.

Representative:

Yoichi Wakayama, President,
Representative Director & CEO(Securities code:2146, TSE Prime Market)

For inquiries:

Takahito Yamada, Senior Executive
Officer and Division Manager,
General Affairs DivisionTEL:+81-3-5447-1710

Notice Regarding Change in Shareholder Return Policy, Decision on theShareholder Return Method for FY3/2024, and Dividend Forecast for FY3/2024
Following the change in shareholder return policy set forth in the Rolling Plan of the Fourth Medium-term
Business Plan, which was announced on February 9, 2024, UT Group Co., Ltd. resolved a new shareholder
return method for FY3/2024 as well as a dividend forecast for FY3/2024 as follows.
1.

Reasons for change in shareholder return policy

We recognize returning profits to shareholders as an important management issue. In the ongoing Fourth
Medium-term Business Plan, our shareholder return policy has been to deliver shareholder returns throughdividend payments or share buybacks, using a total return ratio of 30% as the baseline target, and making acomprehensive assessment of the share price level, business environment, and other factors.
In the new Rolling Plan of the Fourth Medium-term Business Plan, which was announced on the same date,
we have decided to change the shareholder return policy with the aim at enhancing return to shareholders.
The previous policy of delivering a “total payout ratio of 30%” through dividend payments or share buybacks
will be changed to a policy of delivering steady return through dividend payments with a “payout ratio of 60%.”
This is because we are expected to secure sufficient cash position even taking account of M&As and otherinvestments as well as financial soundness. However, if investment opportunities other than those planned
occur, we may forgo dividend payment and prioritize investment for growth.
2.

Details of change in shareholder return policy
Deliver shareholder returns through dividend payments or share buybacks that help toBefore

improve capital efficiency, using a total return ratio of 30% as the baseline target, and making

changea comprehensive assessment of the share price level, business environment, and otherfactors.

After

Deliver shareholder returns through dividend payments, using a total payout ratio of 60% aschangethe baseline target.
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When to change shareholder return policy

The change is to be adopted from FY3/2024.
4.

Shareholder return method

Based on the shareholder return policy described above, shareholder return by dividend payment will becarried out, using a payout ratio of 60.0% as the baseline.
5.

Dividend forecast

Based on the earnings forecasts for FY3/2024, we plan to pay the year-end dividend of 93.03 yen and toachieve a payout ratio of 60.0%.
Annual dividend per share (yen)1Q-end2Q-end3Q-endFY-endFY3/2024 Previous
forecasts
FY3/2024 Revised
forecasts
FY3/2024 Results

0.00

0.00

0.00

FY3/2023 Results

0.00

0.00

0.00

Total
TBD

TBD

93.03

93.03

0.00

0.00

(Reference) Performance and forecast of the shareholder return policy

Profit attributable toowners of the parent
Total dividend
amountAmount of sharesbought backTotal return ratio(Million yen)
FY3/2024

FY3/2019

FY3/2020

FY3/2021

FY3/2022

FY3/2023

4,968

4,509

4,299

3,1403,8316,100

2,499－

2,663

968－

3,660

－

－

2,816

－

62.0%

30.8％

73.5%

60.0%

Special dividend included

－－

50.3%

0.00%

Special dividend included

Special dividend included

Special dividend included(forecasts)

Note: Current forecasts calculated based on consolidated earnings forecasts for FY3/2024

End

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