CMIC : Notice of Dividends of Surplus

November 15, 2021

To the press and whom it may concern,

Company name: CMIC HOLDINGS Co., Ltd.

Representative: Kazuo Nakamura, Representative Director and CEO (TSE 1st Section Code No. 2309)

Inquiries: Wataru Mochizuki, Corporate Director and CFO (Phone: [phone])

Notice of Dividends of Surplus

At the Board of Directors meeting today, CMIC HOLDINGS Co., Ltd. resolved to distribute dividends of surplus with record date of September 30, 2021.

Notes

1. Description of dividends

	Resolution	Current Dividend	FY 2020
	Forecast (Nov. 5, 2021)
Record date	September 30,2021	September 30,2021	September 30,2020
Dividend per share	28.50 yen	28.50 yen	20.00 yen
Total Dividend Amount	520 million yen		365 million yen
Effective date	December 1,2021		December 2,2020
Dividend source	Retained earnings		Retained earnings

2．Reasons

CMIC HOLDINGS Co., Ltd. positions the profit return to shareholders as one of the important management measures. Our basic policy is to pay the amount of dividends according to financial performance while focusing on profitability improvement and attaining internal reserves that future business expansion will require. Our target is 30% for the consolidated dividend payout ratio and we strive for sustainable and stable dividend payments.

Considering the target payout ratio, term-end dividend shall be 28.50 yen. As a result, annual dividend combining with the end of the second quarter dividend is scheduled to be 33.50 yen.

（Reference）Annual dividend

	Annual dividend (Yen)		Consolidated
					payout ratio
Record date	The end of the	The end of the		Total
second quarter	term
Term-end dividend	5.00 yen	28.50 yen		33.50 yen	30.0%
for this fiscal year
Term-end dividend	5.00 yen	20.00 yen		25.00 yen	30.0%
for the fiscal year
ending Sept. 30, 2020