KOITO MANUFACTURING : Announcement Regarding Dividend Proposals by the Board

October 26, 2018

PRESS RELEASE

KOITO MANUFACTURING CO., LTD.

Representative Director: Hiroshi Mihara, President

(Stock Code: 7276 First Section, TSE)

Inquiries: Atsushi Inoue, Managing Corporate Officer

General Affairs Dept.

(Tel: [phone])

Announcement Regarding Dividend Proposals by the Board

KOITO MANUFACTURING CO., LTD. ("KOITO") announces that, at the meeting of the Board of Directors on October 26, 2018, it was resolved to pay dividends as appropriation of retained earnings for the record date of September 30, 2018, as follows:

1．Details of Dividends

Resolved Dividend	Most recent dividend forecast (announced July 26, 2018)	Actual results for the previous year (second quarter of the year ending March 31, 2018)
Record date	September 30, 2018	September 30, 2018	September 30, 2017
Dividend per share	¥40.00	(TBD)	¥36.00
Total amount of dividends	¥6,429 million	－	¥5,786 million
Effective date	December 5, 2018	－	December 5, 2017
Source of dividends	Retained earnings	－	Retained earnings

2．Reasons for the Dividend Amount

KOITO's policy is to continuously pay stable dividends to shareholders based on the comprehensive evaluation of our present business results, business climate, etc.

In view of the uncertain business climate, forecasts for the interim and year-end dividends had been remained to be determined. Based on a comprehensive evaluation of all factors and in line with the above policy, KOITO has decided to pay an interim dividend of ¥40 per share, which is ¥4 higher than the dividend amount for the same period of the previous fiscal year, and the same with the year-end ordinary dividend amount (excluding extraordinary dividend of ¥20) of the previous fiscal year.

The forecast for the year-end dividend this year has yet to be determined and will be announced when decided.

(Reference) Forecast of Annual Dividends

Dividend per share (¥)
Record date	Second Quarter	Year end	Full year
Forecast dividend	(TBD)	(TBD)
The actual result for the current fiscal year (ending March 31, 2019)	40.00
The actual result for the previous fiscal year (ended March 31, 2018)	36.00	60.00 (ordinary dividend 40.00) (extraordinary dividend 20.00)	96.00 (ordinary dividend 76.00) (extraordinary dividend 20.00)