November 10, 2023

Company name: Mebuki Financial Group, Inc. Representative: Tetsuya Akino, President （Code number：7167 Prime Market,

Tokyo Stock Exchange)

Announcement regarding change of the shareholder return policy

Mebuki Financial Group Inc. (the "Company") hereby announces that its board of directors resolved at its meeting held on November 10, 2023, it resolved to revise its shareholder return policy as follows.

1．Details of the change

Before the Change

After the Change

We will target a Total Return Ratio(*) of 30% or

We will target a Total Return Ratio(*) of 40% or

more while taking into account both the

more while taking into account both the

maintenance of solid capital levels for future

maintenance of solid capital levels for future

growth and the appropriate distribution of profits

growth and the appropriate distribution of profits

to our shareholders.

to our shareholders.

  1. Total Return Ratio＝（Total amount of dividends + Total amount of acquisition of own shares）／Net income

2．Reason for the change

We have been pursuing the optimum balance between capital adequacy, growth investment and enhancement of shareholder returns.

In order to further strengthen the return of profits to shareholders, we have changed the target of total return ratio from "30% or more" to "40% or more."

3．Effective period

Effective from the fiscal year ending March 31, 2024.

End

Inquiries:

Corporate Planning Department Tel:029-300-2605

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Disclaimer

Mebuki Financial Group Inc. published this content on 10 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2023 15:12:06 UTC.