The Daiwa Securities Group Inc. has announced that the company has decided to amend its dividend payment policy as stated below. The new dividend payment policy will be taken effect from the fiscal year ending on March 31, 2025 and last until the fiscal year ending on March 31, 2027. Detail of amendment: Previous dividend payment policy: The Company aims to continuously raise shareholders' value including a profit-sharing.

The Company will basically pay dividends semiannually at a pay-out ratio of at least 50% based on the consolidated financial performance. The Company will also consider increasing returns to its shareholders in various ways including share buybacks when it has sufficient accumulated capital to pursue further growth. New dividend payment policy: The Company aims to continuously raise shareholders' value including a profit-sharing.

The Company will basically pay dividends semiannually at a pay-out ratio of at least 50% based on the consolidated financial performance. In addition to this, the Company will set a minimum dividend of JPY 44 per share throughout the period of the Medium--term Management Plan for Fiscal year 2024, Fiscal year 2025 and Fiscal year 2026. The Company will also consider increasing returns to its shareholders in various ways including share buybacks when it has sufficient accumulated capital to pursue further growth.

Reason for the amendment: Based on the steady performance due to the business model transition to wealth management business and diversification for the business portfolio that Daiwa Securities Group has been promoting, the Company has decided to set a minimum dividend per share annually through the period for Medium-term Management Plan, while keeping the existing policy of"pay-out ratio of at least 50% semiannually". This will ensure the further stability and predictability for the dividend payment.