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

157,921,669 (As of February 28, 2025)

Number of shareholders

70,932(As of February 28, 2025)

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

Closing of accounts

End of Feb.
2021

End of Feb.
2022

End of Feb.
2023

End of Feb.
2024

End of Feb.
2025

High for the year (¥)

544

394

348

584

665

Low for the year (¥)

185

253

223

328

440

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 payout ratio at 40% or more.
The Company pays dividends from surplus once each fiscal year as a year-end dividend, which is determined by a resolution of the annual General Meeting of Shareholders. For the fiscal year ended February 28, 2025, the Company paid a cash dividend of 26 yen per share.
Based on the policy, the company plans to increase the annual dividend per share by 4 yen from the previous fiscal year to 30 yen for the fiscal year ending February 2026.
This includes an interim dividend of 14 yen and year-end dividend of 16 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

Payout Ratio