Geo Holdings Corporation announced that at the board of directors meeting held on May 10, 2024, the company approved a resolution regarding the distribution of retained earnings with a record date of March 31, 2024, and the planned amount of the distribution. The Company plans to submit a proposal regarding this matter at the 36th Annual General Meeting of Shareholders to be held on June 27, 2024. Dividend per share is JPY 17.00.

Total amount of dividends is JPY 674 million. Effective date is June 30, 2024. The company paid dividend of JPY 12.00 per share for the fiscal year ended March 31, 2023.

Reason: The company aims to maintain stable dividends while strengthening its corporate structure, taking into consideration the balance between retained earnings necessary for sustainable growth and return to its shareholders. For the fiscal year ending March 31, 2024, the company plans to pay a year-end dividend of JPY 17 per share after comprehensively considering consolidated financial results and other factors. As a result, the annual dividend will be JPY 29 per share.