Chugai Pharmaceutical : Notice of Revisions to Dividend Forecast for Fiscal Year Ending December 31, 2021

	October 22, 2021
Name of listed company: Chugai Pharmaceutical Co., Ltd.
Code number:	4519 (1st Section of Tokyo Stock Exchange)
Head office:	1-1,Nihonbashi-Muromachi2-Chome,Chuo-ku, Tokyo
President & CEO:	Osamu Okuda
Inquiries to:	Toshiya Sasai
	Head of Corporate Communications Dept.
	Tel: [phone]

Notice of Revisions to Dividend Forecast for Fiscal Year

Ending December 31, 2021

Chugai Pharmaceutical Co., Ltd.announced that the Company resolved at the meeting of its Board of Directors held on October 22, 2021 to revise the dividend forecast per share as described below.

1. Reasons for the revision

Reflecting the significant changes in the business environment, year-end dividend forecast has been revised to undecided. The year-end dividends will be decided after the fiscal year end based on basic profit distribution principles*.

*Regarding income distribution, taking into account the strategic funding needs and earning prospects, Chugai aims for a consolidated dividend payout ratio of 45% on average in comparison with Core EPS to provide a stable allocation of profit to all shareholders.

2. Contents of the revision

		Annual dividends per share (JPY)
		End of second		End of FY	Total
		quarter
Previous forecast				JPY 30.00	JPY 60.00
Revised forecast				Undecided	Undecided
Results for FY ending Dec. 2021		JPY 30.00
Results for FY ending Dec. 2020 **		JPY 25.00	JPY 30.00	JPY 55.00

• Effective July 1, 2020, Chugai implemented a three-for-one stock split of its common stock. The dividends are calculated based on the assumption that the stock split was implemented at the beginning of the fiscal year 2020.

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