Nihon M&A Center Holdings Inc. announced that whilst strengthening financial position and management foundations company view long-term profit sharing with shareholders as foremost management priority, such that the dividend pay-out ratio has been continuously around the 40% level since the year to March 2016. However, on 20 December 2021 company issued a statement "Announcement of Investigation on Attribution Period of Sales at Subsidiary" causing shareholders huge concern and trouble due to the incidents that company re discovered in group. As detailed in the results presentations and reports on progress to prevent a reoccurrence released on 28 April 2022 and company have made progress implementing measures to prevent a reoccurrence of such incidents. Company will continue to focus on compliance-centric management. Meanwhile company are intent on progressing towards next stage of growth with a mid-term consolidated ordinary profit target of ¥35 billion by the year to March 2027, striving daily to achieve this. Ever since company were founded growth has been accompanied by continuous strengthening of financial position and management foundations Under these current business conditions the Board of Directors, composed of directors elected by shareholders at the Annual General Meeting of Shareholders held on 23 June 2022, determined that it was necessary to strengthen further returns to shareholders in order to reward the support of shareholders. Accordingly company have decided to change the dividend pay-out ratio target from around 40% to around 60% in the period from the year to March 2023 to the year to March 2027, distributing dividends commensurately in a continuous way. Company shall work hard to achieve the mid-term target (¥35 billion consolidated ordinary profit in year to March 2027), and to make dividend payments to shareholders based on the new 60% pay-out ratio until the end of this mid-term plan period.

The company also revised dividend guidance for six months to September 2022 and year ending March 2023. For the six months the company expects to pay the dividend of JPY 11.00 per share as compared to JPY 8.00 as previous;y forecasted.

For the full year the expects to pay the dividend of JPY 12.00 per share as compared to JPY 8.00 as previously forecasted.