Notice Concerning Dividend from Retained Earnings (PDF:113KB)

13-1 1-chome, Tsukiji Chuo-ku, Tokyo

JAPAN

Date: May 12, 2017

Contact: Yoichi Nakagawa

Director, Senior Managing Executive Officer

Tel: +81-3-3544-2000

Hanwa Co., Ltd. ("Hanwa") announces that the Board of Directors meeting of Hanwa, held on May 12, 2017, resolved to pay dividends with a record date of March 31, 2017, as follows:

1. Details of Dividends

   Today's resolution	Recent forecast (as of February 10, 2017)	FY2015 result (Actual)
   Record date	March 31, 2017	March 31, 2016	March 31, 2016
   Dividend per share	¥10.00	¥9.00	¥10.00
   Total dividends	¥2,031 million	-	¥2,072 million
   Effective date	June 30, 2017	-	June 29, 2016
   Source of dividends	Retained earnings	-	Retained earnings

2. Reasons for the Determination

Hanwa considers sustainable returns to shareholders to be one of the main policies. While stable dividend payment to shareholders is our primary policy, we dedicate to constant improvement in our profitability, aiming to increase dividends as improving our basic revenue level as well as returns from our strategic investments.

Having considered that our profitability had improved by achieving operational profits which exceeded our initial forecasts, we decided to pay 10.00 yen per share as year-end dividend, an increase of 1.00 yen from the previous forecast of 9.00 yen. As a result, the annual dividend for FY2016 will be 19.00 yen per share, including 9.00 yen of interim dividend,.

This resolution is subject to approval at the 70th Ordinary General Meeting of shareholders scheduled

for June 29, 2017.

(Reference) Outlook of the annual dividend is as follows:

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