Hakudo Co., Ltd. announces that it has resolved, at a meeting of its Board of Directors held on May 12, 2023, to pay dividends of JPY 51.0 per share of surplus with a record date of March 31, 2023. Furthermore, the Company decided to bring the payment start date of year-end dividends forward from this fiscal year. Payment start date: June 8, 2023.

Shipment date of important documents regarding year-end dividends: June 7, 2023. Reason: The Company's basic policy is to strengthen its financial structure and distribute the outcomes in a manner that reflects its business performance. The Company has established a guideline for its dividend payout ratio at 40% or more.

Based on this policy, the Company has decided to pay an annual dividend of ¥51.00 per share for the fiscal year ended March 31, 2023.