Elematec : Notice of Dividend Payment from Retained Earnings

		May 22, 2023
To Whom It May Concern
Company	Elematec Corporation
Representative	Chief Executive Officer and Chairman of the Board	Akira Yokode
	(Stock Code 2715 The Prime Market of the Tokyo Stock Exchange)
Contact	Managing Director, Director of corporate Division	Masahiro Fukami
	(Tel: [phone])

Notice of Dividend Payment from Retained Earnings

Elematec Corporation at the board of directors meeting held on May 22,2023 resolved to pay a dividend from retained earnings as set forth below. The record date thereof is March 31,2023.

1. Details of payment of dividends

		Payment of dividends			Recent dividend forecast			Year-end dividend for
				(Announced on			FY2022
		decided on May
				April 25,2023)			(Year ended
		22,2023
							March 31,2022)
Record date		March 31,2023		Same as on the left		March 31,2022
Dividend per Share	49.00	49.00			36.00
(yen)
Total amount of dividends		2,006 million yen		―		1,474 million yen
Effective date		June 29,2023		―		June	22,2022
	(Scheduled)
Source of dividend		Retained earnings		―		Retained	earnings

2. Reason

As we position redistribution of profits to our shareholders as an important management issue, our basic principle is set to 40% or more dividend payout ratio(consolidated).

In consideration of the above, Elematec will pay a year-end dividend of 49 yen per share to shareholders of record on March 31,2023. Accordingly, annual dividend per share will be 76 yen which includes a 2nd Quarter dividend of 27 yen per share and a dividend payout ratio (consolidated) will be 40.4%.

(Reference)Details of payment of annual dividends

		Dividend per share (yen)
Record date	2nd Quarter	Year-end	Total
Dividend for FY2023
(Year ended	27.00	49.00	76.00
March 31,2023)
Dividend for FY2022
(Year ended	17.00	36.00	53.00
March 31,2022)