Azbil : Notification of Cash Dividends from Retained Earnings (Increase in dividends)

(Translation)

May 13, 2024

Company name:	Azbil Corporation
Representative:	Kiyohiro Yamamoto
	Director, President & Group CEO
Contact:	Toshihiko Akabane
	General Manager,
	Head of Group Management Headquarters
Phone:	[phone]
Stock code:	6845 (Prime Market of Tokyo Stock Exchange)

Notification of Cash Dividends from Retained Earnings (Increase in dividends)

Azbil Corporation ("the Company") announces that it has resolved, at the Board of Directors meeting held on May 13, 2024, to propose an agenda item with regard to the increase in dividends with the record date of March 31, 2024, to its 102nd Ordinary General Meeting of Shareholders on June 25, 2024 as follows.

1. Details of dividends

						Latest forecast			Dividend for
			Amounts determined					the previous fiscal year-end
					(announced on February 8, 2024)
								(fiscal year ended March 31, 2023)
	Record date		March 31, 2024		March 31, 2024		March 31, 2023
Dividend per share		39.50 yen		36.50 yen		33.50 yen
	Total amount of		5,307 million yen		―		4,574 million yen
	dividends
	Effective date		June 26, 2024		―		June 28, 2023
Dividend resource		Retained earnings		―		Retained earnings

2. Reason for the decision

As the Company considers the return of profit to its shareholders as one of its important management issues, the Company aims to maintain stable dividends while comprehensively taking into account consolidated business performance, ROE, DOE, retained earnings for future business operation and corporate structure fortification, etc. and striving to improve the dividend level.

Under the purpose of returning more profit to shareholders, while comprehensively considering consolidated business performance and financial position for the fiscal year ended March 31, 2024, the future business environment, etc., the year-end dividend per share for the fiscal year ended March 31, 2024 has been set at

39.5 yen, which is a 3.0 yen increase from the latest estimated dividend and a 6.0 yen increase from the previous fiscal year's 33.5 yen. The annual dividend for the fiscal year ended March 31, 2024 is planned to be 76.0 yen, which is a 10.0 yen increase from the previous fiscal year.

AZBIL CORPORATION TOKYO BLDG., 2-7-3, MARUNOUCHI, CHIYODA-KU, TOKYO 100-6419 JAPAN

(Reference) Breakdown of annual dividends

		Dividend per share
Record date	2nd quarter-end	Fiscal year-end	Total
Fiscal year ended	36.50 yen	39.50 yen	76.00 yen
March 31, 2024
Fiscal year ended	32.50 yen	33.50 yen	66.00 yen
March 31, 2023

AZBIL CORPORATION TOKYO BLDG., 2-7-3, MARUNOUCHI, CHIYODA-KU, TOKYO 100-6419 JAPAN