Mazda Motor : Notice Concerning Dividends from Surplus (Increase in Dividends)

May 10, 2024

Mazda Motor Corporation

Masahiro Moro

Representative Director and President

Code No. 7261 TSE Prime

Contact: Keiji Watanabe

General Manager, Accounting Department,

Financial Services Division

Phone: [phone]

Notice Concerning Dividends from Surplus (Increase in Dividends)

At the meeting of the Board of Directors held on May 10, 2024, Mazda Motor Corporation resolved to distribute dividends from surplus with a record date of March 31, 2024 as follows. This resolution is to be proposed at the 158th Ordinary General Meeting of Shareholders to be held on June, 2024.

1. Details of the Dividends from Surplus

		Most Recent Dividend Forecast	Actual Results for the Previous
	Determined Amount	Fiscal Year (Ended March 31,
	(Announced on November 7, 2023)
		2023)
Record Date	March 31, 2024	March 31, 2024	March 31, 2023
Dividend Per Share	¥35.00	¥25.00	¥25.00
( Ordinary ¥30.00 )	( Ordinary ¥25.00 )	( Ordinary ¥25.00 )
	( Special ¥5.00 )
Total Amount of	22,053 millions of yen	―	15,749 millions of yen
Dividends
Effective Date	June 26, 2024	―	June 28, 2023
Dividend Resource	Retained earnings	―	Retained earnings

2. Reasons for the Revision

Mazda's policy regarding the stock dividend is to determine the amount of dividend payments, taking into account current fiscal year's financial results, business environment, and financial condition, etc. Based on the consolidated financial results for the fiscal year ended March 31, 2024, which we announced today, we have decided to pay a year-end dividend of 35 yen per share, including an increase of 5 yen per share and a special dividend of 5 yen per share, to thank our shareholders for their support, as net income for the fiscal year reached high. As a result, the annual dividend per share will be 60 yen, including the interim dividend of 25 yen per share.

(For reference) Dividend Breakdown

		Dividends per Share
Record Date	2nd.Qtr.	Year-End	Full Year
Actual Results for the
Current Fiscal Year	¥25.00	¥35.00	¥60.00
(Ended March 31, 2024)
Actual Results for the
Previous Fiscal Year	¥20.00	¥25.00	¥45.00
(Ended March 31, 2023)