TechnoPro : Notice Regarding Dividend from Surplus

August 7, 2020

To Whom It May Concern,

Corporate Name: TechnoPro Holdings, Inc.

(Code:6028, TSE First Section)

Representative: Yasuji Nishio, President, Representative Director & CEO

Contact: Toshihiro Hagiwara, Director & CFO

(Tel. [phone])

Notice Regarding Dividend from Surplus

On August 7, 2020, pursuant to a written resolution substituting for a board of director meeting resolution based on Article 370 of the Companies Act, TechnoPro Holdings, Inc. resolved to pay the year-end dividend to shareholders of record as of June 30, 2020.

The resolution will be brought to a vote at its annual shareholders' meeting scheduled on September 29, 2020.

1. Year-end Dividend

	FY2020	Latest forecast	FY2019
	Year-end	(announced Jul. 31, 2019)	Year-end
Record date	June 30, 2020	June 30, 2020	June 30, 2019
Dividend per share	¥100.00	¥90.00	¥84.00
Total dividend amount	¥3,590 million	-	¥3,049 million
Effective date	September 30, 2020	-	September 30, 2019
Source of payment	Retained earnings	-	Retained earnings

2. Reason

TechnoPro Holdings, Inc.'s basic capital policy is to distribute profits generated through our business activities to our shareholders, as well as to maximize corporate value over the medium and long term by investing in growth areas, including engineering professional services, shift toward higher added value, overseas business expansion and M&A activities in an effort to create value by realizing return beyond cost of capital, and it distributes profits linked to business performance at the dividend payout ratio of 50% or higher.

Based on the basic policy above, TechnoPro Holdings, Inc. had announced in the latest guidance to pay a year-end dividend of ¥90.00 per share. TechnoPro Holdings, Inc., however, decided to raise the dividend to ¥100.00 per share (total annual dividend of ¥150.00 per share, including interim dividend of ¥50.00) in consideration of earnings performance and financial conditions, representing an increase of ¥10.00 per share compared to the guidance.

(Reference) Annual dividend

		Dividend per share (yen)
	Interim	Year-end	Total
FY2020	¥50.00	¥100.00	¥150.00
FY2019	¥50.00	¥84.00	¥134.00

Note on translation

This is a translation of the original Japanese document and provided for informational purpose only. If there are any discrepancies between this and the original, the original Japanese document prevails.

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