(Translation)

September 29, 2022

To whom it may concern,

Company name: The Sumitomo Warehouse Co., Ltd.

Representative: Takanori Ono, President

Security ID Code: 9303 (Prime Market of TSE)

Reference: Akihiko Hoshino, Managing Executive Officer, General Manager,

Finance & Accounting Department Tel: +81-6-6444-1183

Notice Regarding Receipt of Dividend from Consolidated Subsidiary

J-WeSco Ltd. ("J-WeSco"), a consolidated subsidiary of The Sumitomo Warehouse Co., Ltd. (the "Company"), resolved at its extraordinary general meeting of shareholders held today to distribute dividends from surplus, and the Company will receive a dividend from J -WeSco as follows.

1. Summary of Dividend

Dividend Resolution Date

Dividend Amount to Be

Expected Date of

Received by the Company

Dividend Receipt

September 29, 2022

6,084 million yen

September 30, 2022

2. Impact on Financial Results

In the non-consolidated financial statements for the fiscal year ending March 31, 2023, the Company will record 8,928 million yen as non-operating income, including 2,844 million yen in dividend income received from J-WeSco on June 30, 2022.

Since this is a dividend from a consolidated subsidiary, there will be no impact on the consolidated financial results for the fiscal year ending March 31, 2023.

- END-

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The Sumitomo Warehouse Co. Ltd. published this content on 29 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2022 07:23:05 UTC.