JAFCO : Announcement Regarding Dividend Payment（PDF：119KB）

Translation of the Japanese press release

JAFCO Co., Ltd. (Ticker: 8595)	Contact: Investor Relations
1-23-1 Toranomon, Minato-ku,	Tel: [phone]
Tokyo 105-6324 Japan	[e-mail]
http://www. jafco.co.jp/english/
	May 15, 2019

Announcement Regarding Dividend Payment

JAFCO Co., Ltd. has announced that its Board of Directors approved a resolution at the board meeting held today to pay dividends from retained earnings to the shareholders as of March 31, 2019 as described below:

1. Details of Dividend Payment

	Details of Actual Dividend	Details of Most Recent	Details of Dividend for
	Payment	Estimate (April 24, 2019)	Previous Fiscal Year
Record Date	March 31, 2019	March 31, 2019	March 31, 2018
Dividend Payment Per Share	¥112	¥112	¥107
Total Dividend Payment	¥3,464 million	-	¥3,309 million
Payment Date	May 29, 2019	-	May 23, 2018
Dividend Source	Retained earnings	-	Retained earnings

2. Reason

As part of JAFCO's efforts to balance strong shareholders' equity, which is necessary for long-lasting investment operations, with continuous shareholder returns, we have set a dividend indicator of approximately 3% of shareholders' equity (initial and term-end average value) to demonstrate our positive approach.

Dividend per share and shareholders' equity per share (initial and term-end average value) are used for calculation.

Regarding the dividend for the fiscal year ended March 31, 2019, we have decided to pay ¥112 per share based on the above indicator.

[Reference]

Details of Annual Dividend

	Dividend Payment Per Share	Shareholders' equity	Dividend/
	per share (initial and
			shareholders' equity
Record Date	Term End	Annual Total	term-end average
(consolidated)
value)
Year Ended	¥112	¥112	¥3,721.49	3.0%
March 31, 2019
Year Ended	¥107	¥107	¥3,553.15	3.0%
March 31, 2018