Dividends

Dividends Paid per Share / Payout Ratio

(as of June 25, 2026)

Matters related to the year-end dividends

The Company views an increase in returns of profits to shareholders as an important managerial task.

Regarding the distribution of profits, we aim for sustainable growth and investing more in businesses as a basic policy in compliance with the financial rules. We aim to maintain a stable annual dividend of 85 yen per share (interim dividend of 40 yen and year-end dividend of 45 yen) as a basic policy, and dividends based on business performance are determined by targeting either the higher of the two: a consolidated dividend payout ratio of 85% or the stable dividend of 85 yen. For stable dividends, we have set the Consolidated Dividend on Equity Ratio (DOE) at 5% or higher.

Based on this policy, we propose payment of a year-end dividend of 50 yen per share for the fiscal year ended March 31, 2026,consisting of stable dividends of 45 yen and performance-linked dividends of 5 yen reflecting a consolidated dividend payout ratio of 85%.

1. Type of dividend property
   Cash
2. Matters related to the allotment of dividend property to shareholders and the total amount
   50 yen per share of common stock of TOA
   Total amount: 1,734,795,050 yen
   We paid 40 yen per share as an interim dividend; therefore, the total annual dividend for the fiscal year ended March 31, 2026, including the interim dividend, will be 90 yen per share.
3. Effective date of distribution of retained earnings
   June 26, 2026

Dividend Policy

The Company views an increase in returns of profits to shareholders as an important managerial task.

Regarding the distribution of profits, we aim for sustainable growth and investing more in businesses as a basic policy in compliance with the financial rules. We aim to maintain a stable annual dividend of ¥85 per share (interim dividend of ¥40 and year-end dividend of ¥45) as a basic policy, and dividends based on business performance are determined by targeting either the higher of the two: a consolidated dividend payout ratio of 85% or the stable dividend of ¥85. For stable dividends, we have set the Consolidated Dividend on Equity Ratio (DOE) at 5% or higher.

For the fiscal year ended March 31, 2026, we plan to pay an annual dividend of ¥90 per share (a stable annual dividend of ¥85 and a performance-linked dividend of ¥5), which includes the interim dividend of ¥40 per share already paid. Moreover, a dividend per share for the fiscal year ending March 31, 2027 will be determined based on a stable annual dividend of ¥85 per share (interim dividend of ¥40 and year-end dividend of ¥45) while taking into account the performance, aiming at a consolidated dividend payout ratio guide of 85%.

The decision-making body regarding dividends of surplus at the Company is the Board of Directors for interim dividends and the Ordinary General Shareholders’ Meeting for year-end dividends. The Articles of Incorporation allow for interim dividends according to a resolution by the Board of Directors with September 30 of each year as the record date.

Dividends of surplus with a record date in the current fiscal year are as follows.

Shareholder Benefit Program

The Company has not introduced a shareholder benefit program.