The board of directors of Fuji Die Co.,Ltd. at its meeting held on May 15, 2024, resolved to change the Company's dividend policy. Reasons for change: The Company announced its new Medium-Term Management Plan 2026 (for the fiscal year ending March 31, 2025 to the fiscal year ending March 31, 2027), which aims to achieve business management with an awareness of cost of capital and stock price and enhance corporate value over the medium to long term. Under the Medium-Term Management Plan 2026, to achieve a price-to-book ratio of 1, the Company reviewed its dividend policy from the perspective of pursuing both investment in growth and shareholder returns while maintaining financial soundness.

Specifically, it has set a target dividend on equity ratio (DOE) of 4% and will seek to return profits to shareholders by proactively and flexibly acquiring treasury stock, while taking into account its financial position and business performance. Details of change (Dividend policy before change): The Company considers stable and constant payment of dividends to its shareholders as one of the top priorities in management. Its basic dividend policy is to distribute profits appropriately based on a comprehensive assessment of the profit situation, future business development plans, and other factors.

Going forward, the Company will aim to return profits to its shareholders with a target dividend payout ratio of 50% on a consolidated basis, while taking into account its financial position and business performance. (Dividend policy after change): The Company considers stable and constant payment of dividends to its shareholders as one of the top priorities in management, under a basic dividend policy to distribute profits appropriately based on a comprehensive assessment of the profit situation, future business development plans, enhancement of its business structure and other factors. Going forward, the Company will aim to return profits to its shareholders as dividends during the period of the Medium-Term Management Plan 2026 with a target dividend on equity ratio (DOE) of 4% while taking into account its financial position and business performance, and also by proactively and flexibly acquiring treasury shares.

The new dividend policy will apply from the fiscal year ending March 31, 2025.