Following a resolution at the Board of Directors meeting held on May 15, 2024, Sato Holdings Corporation announced the following change in its dividend policy. The company will pay dividends as indicated below. Reason for change: The company create value for society through its business and share the profits the company make equitably with shareholders, employees, society and the company ("Four-way Returns to Stakeholders" policy), through which the company strengthen its relationship with stakeholders and heighten its corporate value.

In aiming to enhance shareholder returns with a stable increase of dividends as the company achieves medium- to long-term profit growth, the company revised the following clause in its dividend policy, reflecting its pledge to continue maintaining or increasing payouts each year under a progressive dividend policy. Change in policy: Before: The company believe profit distribution to shareholders is an important part of its business, and its basic policy is to pay stable and continuous dividends while keeping sufficient internal reserves available for investing in future business growth and stabilizing its financial base. After: The company believe profit distribution to shareholders is an important part of its business, and its basic policy is to pay stable and progressive dividends through medium- to long-term improvement of corporate value while keeping a fixed level of internal reserves available for investing in future business growth and stabilizing its financial base.