Sankyo : Notice Concerning Dividends of Surplus

May 24, 2024

For Immediate Release

Listed company name:	SANKYO CO., LTD.
Representative:	Akihiko Ishihara
	President & CEO
	(Code: 6417, TSE Prime Market)
Contact:	Hiroshi Takahashi
	Senior Executive Operating Officer
	Head of Administration Div.
	TEL.: [phone]

Notice Concerning Dividends of Surplus

SANKYO Co., Ltd. (the "Company") hereby announces that at the Board of Directors' meeting held on May 24, 2024, it resolved to pay dividends of surplus with a record date of March 31, 2024, as indicated below.

The Company plans to propose this matter at the 59th Ordinary General Meeting of Shareholders to be held on June 27, 2024.

1. Details of dividend
		Most recent dividend	Payment of dividend for the
	Determined amount	forecast
	fiscal year ended March 31,
	(Announced on February 7,
		2023
		2024)
Record date	March 31, 2024	Same as on the left	March 31, 2023
Dividend per share	50.00 yen	50.00 yen	90.00 yen
Total amount of dividends	11,034 million yen	-	5,225 million yen
Effective date	June 28, 2024	-	June 30, 2023
Source of dividends	Retained earnings	-	Retained earnings

(Note)The Company carried out a share split at a ratio of five shares for one share of common stock, effective March 1, 2024. For the fiscal year ended March 31, 2023, the actual dividend amounts before the share split are presented.

2. Reason

The Company regards the return of profits to shareholders as one of the most important management priorities. The Company's basic policy is to pay performance-linked dividends with a consolidated dividend payout ratio of 40% as a benchmark. However, the minimum annual dividend per share shall be set at ¥20 to maintain stable dividends.

Based on the above dividend policy, the Company plans to pay a year-end dividend of ¥50 per share for fiscal 2024.

This material is an English translation of Japanese announcement made on May 24, 2024. Although the Company intended to faithfully translate the Japanese document into English, the accuracy and correctness of this translation are not guaranteed.

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(Reference) Breakdown of annual dividends
		Dividend per share
Record date	2nd quarter	Year-end	Full Year
	Yen	Yen	Yen
Actual results for the fiscal	150.00	50.00	-
year ended March 31, 2024
(FY2024)
Actual results for the	60.00	90.00	150.00
previous fiscal year
(FY2023)

(Note)The Company carried out a share split at a ratio of five shares for one share of common stock, effective March 1,

2024. For the end of the second quarters of the fiscal year ended March 31, 2024 and the fiscal year ended March 31, 2023, the actual dividend amounts before the share split are presented.

The amount of the year-end dividend for the fiscal year under review is presented in the amount after the share split, and the total amount of dividends is stated as "-" as it is not possible to simply add up the figures due to the share split.

This material is an English translation of Japanese announcement made on May 24, 2024. Although the Company intended to faithfully translate the Japanese document into English, the accuracy and correctness of this translation are not guaranteed.

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