Mitsui Matsushima : Notice Concerning Distribution of Dividends from Surplus

May 12, 2021

To Whom It May Concern:

Company Name: Mitsui Matsushima Holdings Co., Ltd.

Representative: Taishi Yoshioka, Representative Director and

President

(Stock Code 1518, 1st Section of the Tokyo Stock Exchange and Fukuoka Stock Exchange)

Contact: Executive Officer and General Manager of

Business Planning Department Mikiko Abe

Tel: [phone]

Notice Concerning Distribution of Dividends from Surplus

The Board of Directors of Mitsui Matsushima Holdings Co., Ltd. approved a resolution at a meeting held on May 12, 2021, to distribute dividends from surplus to shareholders with a record date of March 31, 2021.

1. Details of dividends

		Most recent dividend
	Amount determined	forecast	Previous results
	(Published on February 5,	(FY2019)
		2021)
Record date	March 31, 2021	March 31, 2021	March 31, 2020
Dividend amount per	50.00 yen	50.00 yen	50.00 yen
share
Total amount of	653 million yen	-	653 million yen
dividends
Effective date	May 28, 2021	-	May 29, 2020
Source of dividends	Surplus	-	Surplus

2. Reason for dividend amount

Mitsui Matsushima Holdings Co., Ltd. positions the return of profits to shareholders as one of its priority management policies. In principle, the Company strives to return profits commensurate with its financial results on an ongoing basis, while securing the internal reserves necessary to ensure stable future growth and to respond to changes in the business environment.

While the Company saw a substantial decline in profits in the current fiscal year, it decided to pay a dividend of 50 yen (50 yen annual dividend) per share from a comprehensive point of view, by considering the facts that the primary cause of the decline was a one-time extraordinary loss without cash outflows and that FY2022 earnings are expected to increase.