At the Board of Directors meeting convened on October 13, 2023, Takashimaya Company, Limited passed a resolution as detailed below to issue dividends from surplus (interim dividend) with August 31, 2023 as the date of record. Furthermore, the Company also announces revisions to the year-end dividend forecast for the fiscal year ending February 2024. The Company's basic dividend policy is to adopt basic stance of maintaining stable dividend levels while comprehensively evaluating performance and operating environment to promote profit returns to shareholders.

Under this policy, in light of current favorable performance and the outlook for operating environment moving forward, the Company decided to increase the interim dividend for the fiscal year ending February 2024 by JPY 3 per share above most recent dividend forecast to JPY 17 . The Company also decided to increase the year-end dividend by JPY 3 per share above the forecast for fiscal year ending February 2024 to JPY 17. This results in a projected full-year dividend forecast of JPY 34, which is JPY 6 above previous forecast and JPY 8 above dividends for the previous fiscal year.

Date of record August 31, 2023. Effective date November 22, 2023.