Notice of Payment of Dividends

1. Details of Dividends

2. Reason

The Company considers the return of profits to shareholders to be an important goal for our management along with increasing medium- to long-term corporate value. To increase corporate value, the Company will make capital investments efficiently to further raise the sophistication of 5G, as well as continuing investments in new businesses.
In the fiscal year ended March 31, 2024, the Company resolved to pay a year-end dividend per share of ¥43 for common shares and ¥41.53^*1 for the Series 1 Bond-Type Class Shares. For the fiscal year ending March 31, 2025, the annual dividend per share is planned to be ¥86 (of which, the interim and year-end dividends per share are planned to be ¥43 and ¥43^*2, respectively) for common shares, and a prescribed amount of dividend is planned for the Series 1 Bond-Type Class Shares.

[Notes]

1. *1
   The year-end dividend per share is calculated by multiplying the issuance price of ¥4,000 per share by the fixed annual dividend rate of 2.500% and applying daily proration based on a 366-day year.
2. *2
   Subject to approval of the proposal on the amendment to the Articles of Incorporation by the Company's 38th Annual General Meeting of Shareholders scheduled to be held on June 20, 2024, the Company plans to conduct a stock split whereby each share of the Company's common shares will be split into 10 shares, with the effective date being October 1, 2024. The above year-end dividend per share for the fiscal year ending March 31, 2025 does not take this stock split into account. If the stock split is taken into account, the figure would be ¥4.30.

(Reference) Breakdown of annual dividend