Notice concerning increase in dividend of surplus (interim dividend)

November 5, 2021

FOR IMMEDIATE RELEASE

Name of the Company: Nippon Suisan Kaisha, Ltd.

(Stock Code: 1332)

Listed Stock Exchange: Tokyo Stock Exchange

Representative: Shingo Hamada,

Representative Board Member,

President & CEO

Contact: Yoichiro Hiroi

General Manager,

Corporate Strategic Planning & IR Department

Telephone: [phone]

Notice concerning increase in dividend of surplus (interim dividend)

Nippon Suisan Kaisha, Ltd. today announces that it has resolved at the board of directors meeting held on November 5, 2021 to increase the dividend of surplus (interim dividend) with September 30, 2021 as the record date as follows.

1. Details of dividend

		Decision amount			Latest dividend forecast			Previous term actual
				(Announced May 13, 2021)			(FY ended March 2021)
Record date		September 30, 2021		Same as on the left		September 30, 2020
Dividend per share		6.00 yen		4.50 yen		4.00 yen
Total dividend		1,869 million yen		－		1,246 million yen
Effective date		December 6, 2021		－		December 7, 2020
Dividend resources		Retained earnings		－		Retained earnings

2. Rationale

Regarding the distribution of profits of the Company and the Group, our basic policy is to respond to changes in the business environment and return profits to shareholders according to the consolidated business results of the Company and the Group. while paying attention to the strengthening of the corporate structure from a long-term and comprehensive perspective and the internal reserves for business development in fields where future growth is expected.

The interim dividend for the current fiscal year was set at 4.5 yen per share. However, in view of the steady progress of the consolidated financial results for the second quarter (cumulative) and the financial situation, etc., we decided the dividend should be revised to 6 yen per share, an increase of 1.5 yen, in order to further return profits to shareholders. As a result, the annual dividend for the current fiscal year will be 11 yen per share.

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(Reference) Breakdown of annual dividend

					Dividend per share (yen)
	Record date			End of second			End of term			Total
			quarter
	Dividend forecast				5.00			11.00
	Current term actual	6.00
	Previous term actual	4.00		5.50			9.50
	(FY ended March 2021)

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