Seikagaku : Announces Dividend from Retained Earnings (Interim Dividend) and Revision to Year-End Dividend Forecast

November 8, 2022

SEIKAGAKU CORPORATION

(Securities Code: TSE 4548)

Seikagaku Announces Dividend from Retained Earnings

(Interim Dividend)

and Revision to Year-End Dividend Forecast

Seikagaku Corporation (Tokyo, Japan; "Seikagaku") has announced that at a meeting held today, the Board of Directors passed a resolution concerning a dividend from retained earnings (interim dividend) with a record date of September 30, 2022 and revision to the year-end dividend forecast for the fiscal year ending March 31, 2023.

1. Details of dividend from surplus (interim dividend)

		Most recent dividend	Interim dividend for the
	Decided amount	forecast	fiscal year ended March
		(Announced May 13, 2022)	31, 2022
Record date	September 30, 2022	September 30, 2022	September 30, 2021
	Ordinary dividend:	Ordinary dividend:	Ordinary dividend: ¥10.00
Dividend per share	Special dividend: ¥5.00
¥13.00	¥11.00
	Total: ¥15.00
Total dividend	¥717 million	--	¥843 million
amount
Effective date	December 2, 2022	--	December 2, 2021
Source of funds for	Retained earnings	--	Retained earnings
dividend

2. Details of revision to year-end dividend forecast

Annual dividend (yen)

Record date	September 30, 2022	March 31, 2023	Total
Previous forecast	Ordinary dividend:	Ordinary dividend:	Ordinary dividend:
(Announced May 13, 2022)	¥11.00		¥11.00		¥22.00
Revised forecast			Ordinary dividend:	Ordinary dividend:
		¥13.00		¥26.00
Dividend for the fiscal	Ordinary dividend:
year ending March
¥13.00
31, 2023
Dividend for the fiscal	Ordinary dividend: ¥10.00	Ordinary dividend: ¥10.00	Ordinary dividend: ¥20.00
year ended March 31,	Special dividend:	¥5.00	Special dividend:	¥5.00	Special dividend: ¥10.00
2022	Total: ¥15.00	Total: ¥15.00	Total: ¥30.00

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3. Reason for the revision

Seikagaku considers that sustained profit growth and enhancement of corporate value contribute to the common interests of the shareholders and regards the return of profits to shareholders as an important management priority. As a result of comprehensively considering the results of operations for the first six months of the fiscal year ending March 31, 2023, announced today, and the forecast of full-year consolidated financial results, the Company has decided to pay an interim dividend of ¥13 per share. The Company has also revised the year-end dividend forecast to ¥13 per share. Accordingly, the Company plans to pay an annual dividend of ¥26 per share.

Note: The above forecast has been prepared on the basis of economic circumstances, market trends, and other assumptions made at the time of release of this document. Actual results may differ from the forecast due to a variety of factors.

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