Restar : Notice of Revision to Dividend Forecast for the Fiscal Year Ended March 31, 2023

Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

	May 12, 2023
Company Name:	Restar Holdings Corporation
	(Code: 3156 Tokyo Stock
	Exchange Prime Market)
Name of Representative:	Tomoharu Asaka,
	Representative Director
Contact Information:	Atsuki Ishida,
	Corporate Officer
	(Tel: [phone])

Notice of Revision to Dividend Forecast for the Fiscal Year Ended March 31, 2023

The Company hereby announces that, at a meeting of the Board of Directors held today, it has revised the dividend forecast for the fiscal year ended March 31, 2023, as follows. Furthermore, the Board of Directors is scheduled to hold a meeting on May 26 of this year, at which it plans to make a resolution concerning these dividends of surplus.

1. Details of the Revision

		Dividends per share (yen)
Record date	2nd quarter-end		Year-end		Total
Previous forecast			60.00 yen		100.00 yen
(announced November 10, 2022)
Revised forecast			75.00 yen		115.00 yen
Current fiscal year actual	40.00 yen
(Reference) Previous fiscal year
actual	45.00 yen		55.00 yen		100.00 yen
(fiscal year ended March 31,
2022)

2. Reasons for Revisions to the Dividend Forecast

While emphasizing financial stability, the Company's basic policy is to increase returns to shareholders. Accordingly, after taking into consideration the consolidated financial results disclosed in the "Financial

Results for the Year Ended March 31, 2023" released today, the Company has decided to increase the year- end dividend forecast by 15 yen compared with the previous forecast, to 75 yen per share. As a result, the annual dividend has been revised to 115 yen per share. As disclosed separately in "Notice Concerning Recording of Non-operating Expenses and Extraordinary Losses," the Company recorded provision of allowance for doubtful accounts for subsidiaries and associates of 981 million yen, provision for loss on business of subsidiaries and associates of 1,059 million yen, and loss on valuation of shares of subsidiaries and associates of 1,721 million yen in the non-consolidated financial statements. Accordingly, the year-end dividend will be funded by capital surplus. The percentage decrease in net assets is currently being calculated and will be disclosed when the dividends from surplus are determined.

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