Leopalace21 Corporation announced that the change in its dividend policy, which were resolved at its Board of Director meeting held on February 9, 2024. The Company recognizes that returning profits to shareholders is an important management issue and has made it a basic policy to strengthen profitability for securing dividend resources and to pay continuous and stable dividends. The Company prioritized, however, profitability and stabilizing its financial base considering its recent financial conditions and has not paid dividends since the fiscal year ended March 31, 2019.

Due to recovery in business performance and financial position because of continued structural reforms, the Company changed its dividend policy to enhance the return of profits to shareholders by resuming dividends payment as soon as possible. Dividend policy after change: The Company considers increasing corporate value over the medium to long term and returning profits to shareholders to be one of the most important management priorities. For the fiscal year ending March 31, 2024, the Company will follow a policy of resuming dividends payment and set the year-end dividend forecast at ¥5 per share.

The Company will pay continuous and stable dividends afterward by comprehensively considering performance trends, financial conditions, and other factors.