May 23, 2023

Company Name:ShinMaywa Industries, Ltd.

Representative: Tatsuyuki Isogawa, President and Chief Executive Officer

(Code number: 7224; Tokyo Stock Exchange, Prime Market)

Head Office: 1-1Shinmeiwa-cho,Takarazuka-shi, Hyogo

Contact: Toshiki Kume, Director, Member of the Board,

Managing Executive Officer (TEL: +81-798-56-5010)

Notice Regarding Distribution of Dividends from Surplus

ShinMaywa Industries, Ltd. (the "Company") hereby announces that at the Board of Directors meeting held on May 23, 2023, it resolved to distribute dividends from surplus, with a record date of March 31, 2023, as described below.

This matter is to be submitted as part of the agenda of the Company's 99th Annual General Meeting of Shareholders to be held on June 27, 2023.

1. Details of Dividends

Results for the previous

Dividend amount

Most recent dividend forecast

year

(Announced May 9, 2023)

(Fiscal year ended March

31, 2022)

Record date

March 31, 2023

March 31, 2023

March 31, 2022

Dividend per share

24 yen

24 yen

23 yen

Total amount of

1,581 million yen

－

1,514 million yen

dividends

Effective date (Initial

June 28, 2023

－

June 27, 2022

date of payment)

Source of dividends

Retained earnings

－

Retained earnings

2. Reasons

The Company set a target level of shareholder returns with a consolidated payout ratio of 40% to 50% in the three-yearMedium-term management plan ending in FY2023.

The Company considered the year-end dividend for the fiscal year ended March 2023 in line with this and decided to pay a dividend of 24 yen per share.

As a result, the annual dividend for the fiscal year including the interim dividend will be 45 yen per share (a consolidated payout ratio: 40.5%).

(Reference) Details of annual dividends

Cash dividend per share

Record date

Interim

Year-end

Full-year

Current fiscal year

21 yen

24 yen

45 yen

(Fiscal year ended March 31, 2023)

Results for the previous year

19 yen

23 yen

42 yen

(Fiscal year ended March 31, 2022)

(End of document)

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ShinMaywa Industries Ltd. published this content on 23 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 May 2023 03:45:00 UTC.