Shareholder Memo

Fiscal Year

March 1 to end of February

Vesting date to vote at annual Shareholders'meeting

End of February

Vesting date to receive a year-end dividend

End of February

Annual Shareholders' Meeting

During May each year

Transfer agent

Mitsubishi UFJ Trust and Banking Corporation

Account Management Institution for Special Account

Mitsubishi UFJ Trust and Banking Corporation

Address of the agent

Share Transfer Agency Department
Mitsubishi UFJ Trust and Banking Corporation
TEL 0120-232-711 (Toll Free)

Stock Exchange Listings

Tokyo Stock Exchange, Inc. Prime Market (Japan)

Method of announcement

Announcements are made electronically. However, when announcements cannot be made electronically for any reason, they are printed in the Nihon Keizai Shimbun
http://www.onward-hd.co.jp/

Number of shares outstanding

141,921,669 (As of February 28, 2026)

Number of shareholders

82,791(As of February 28, 2026)

Trends in the Company's Stock Price

High and Low Stock Prices for the Past Five Years

Fiscal year

02/21

02/22

02/23

02/24

02/25

02/26

Closing of accounts

End of Feb.
2021

End of Feb.
2022

End of Feb.
2023

End of Feb.
2024

End of Feb.
2025

End of Feb.
2026

High for the year (¥)

544

394

348

584

680

842

Low for the year (¥)

185

253

223

328

440

492

Current stock Information

Dividend

Dividend policy

The Company regards the distribution of profits to shareholders as one of the most important management issues. Its basic policy is to distribute profits in a stable and appropriate manner linked to business performance, with a guideline of full-year payout ratio of 40% or more.

Dividends of surplus shall be determined by a resolution of the annual General Meeting of Shareholders. For the fiscal year ended February 28, 2026, the Company paid an interim dividend of 14 yen per share and a year-end dividend of 16 yen per share, which resulted in an annual dividend of 30 yen per share.

Based on the policy, the Company forecasts to pay 33 yen for the fiscal year ending February 2027. This includes an interim dividend of 16 yen and a year-end dividend of 17 yen.

Retained earnings will be leveraged in a flexible manner, taking into consideration the balance between strategic investments to build a strong business structure, strengthening of the financial position, and the demand for funds.

Dividend transition

Dividends per share

2027/2 Dividend(Forecast)
Interim dividend 16 yen
Year-end dividend 17 yen

Payout Ratio