Press Release

5-1, NIHONBASHI 2-CHOME,CHUO-KU, TOKYO 103-6130 JAPAN

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(TSE, NSE: 8616) September 18, 2019

Projected Interim Dividend for the Fiscal Year Ending March 31, 2020

We, Tokai Tokyo Financial Holdings, Inc. ("the Company"), announce that the meeting of our Board of Directors held today passed a resolution regarding our projected interim dividend of surplus for the fiscal year ending March 31, 2020 as detailed below. The year-end dividend will be decided and notified after evaluating the Company's performance in the second half of the fiscal year ending March 31, 2020.

It is the Company's dividend policy to continue stable payment while taking into account such factors as 1) basic target payout ratio of 30 to 50%, 2) the interest rates on Japanese Government Bonds, and

  1. the level of dividend yield to be achieved, with a view to encouraging the shareholders to possess the Company's shares for mid-to-long term period.

With regard to the interim dividend for the fiscal year ending March 31, 2020, we take into account our consolidated profit attributable to owners of parent (reference: our consolidated profit attributable to owners of parent decreased 83.5% year-on-year to ¥256 million for the three months ended June 30, 2019). In addition, we take availability of our consolidated shareholders' equity into consideration, and we intend to payout dividends to shareholders within the possible range.

Please note that the matter concerning the interim dividend in the end will be officially determined at the Board of Directors meeting to be held in October 2019.

Projected dividend for the

Actual dividend for the

current fiscal year

previous fiscal year

ending March 31, 2020

ended March 31, 2019

Record date: September 30, 2019

Interim dividend

4 yen as projected

12 yen

per share

Year-end dividend

To be decided

4 yen

per share

Annual total

To be decided

16 yen

(end)

Contact: +81-(0)3-3517-8618, Corporate Communications, Tokai Tokyo Financial Holdings, Inc.

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Tokai Tokyo Financial Holdings Inc. published this content on 18 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 September 2019 07:56:07 UTC