KYB : Notice Concerning Distribution of Dividends from Surplus (Interim Dividend) and Revision of Year End Dividend Forecast

November 4, 2022

For Immediate Release

Company name: KYB Corporation

Representative: Masao Ono

Representative Director, President Executive Officer

Stock code: 7242 (Prime Market)

Contact: Tsuyoshi Matsuoka

Manager, Public Relations & Investor Relations Sect., Executive Office Dept.

(Tel: [phone])

Notice Concerning Distribution of Dividends from Surplus (Interim Dividend)

and Revision of Year-End Dividend Forecast

KYB Corporation ("the Company") announces that, at a meeting of its Board of Directors held on November 4, 2022, the Company resolved to distribute a surplus (interim dividend) with a record date of September 30, 2022. Details are as follows. In addition, it has decided to revise the year-end dividend forecast for the fiscal year ending March 31, 2023.

1. Details of dividends from surplus (Interim dividend) Common shares

			Most recent dividend	Results for the
			previous fiscal year
		Amount determined	forecast
		(Interim dividend for fiscal
		(Announced on August 5,
			year ended March 31,
			2022)
			2022)
Record date		September 30, 2022	Same as at left	September 30, 2021
Dividend	per	70.00 yen	60.00 yen	45.00 yen
share
Total dividends		1,788 million yen	－	1,149 million yen
Effective date		December 6, 2022	－	December 9, 2021
Source	of	Retained earnings	－	Capital surplus
dividends
Class A preferred stock
			Most recent dividend	Results for the
			previous fiscal year
		Amount determined	forecast
		(Interim dividend for fiscal
		(Announced on August 5,
			year ended March 31,
			2022)
			2022)
Record date		September 30, 2022	Same as at left	September 30, 2021
Dividend	per	3,760,274.00 yen	Same as at left	1,952,054.80 yen
share
Total dividends		470 million yen	－	244 million yen
Effective date		December 6, 2022	－	December 9, 2021
Source	of	Retained earnings	－	Capital surplus
dividends

2. Details of year-end dividends Common shares

		Dividend per share (yen)
	End of the second	Year-end	Total
	quarter
Previously announced
forecasts	60.00 yen		60.00 yen	120.00 yen
(Announced on August 5,
2022)
Current revised forecast			70.00 yen	140.00 yen
Dividend paid for FY ended	70.00 yen
March 31, 2021
Results for the previous fiscal
year	45.00 yen		60.00 yen	105.00 yen
(Fiscal year ended March 31,
2022)

Class A preferred stock

The year-end dividend forecast remains unchanged. 3. Reason

The Company recognizes that the appropriate return of profits to its shareholders is one of its most important management issues, and its basic policy is to pay a dividend of at least 2% (annualized) of the dividend on equity (DOE) on a conventional consolidated basis while aiming for a consolidated dividend payout ratio of 30%.

With such a basic policy in mind, the Company has decided to pay an interim dividend of 70.00 yen (compared with the previously announced forecast of 60.00 yen) per share of common stock and 3,760,274.00 yen per share of Class A preferred stock for the current fiscal year in line with the upward revision of the full-year financial results forecast for the fiscal year ending March 31, 2023. In conjunction with the year-end dividend forecast, it has decided to pay a year-end dividend of 70.00 yen (compared with the previously announced forecast of 60.00 yen) per share of common stock and 3,739,726.00 yen per share of Class A preferred stock

(Reference) Breakdown of annual dividends

Common shares

				Dividend per share (yen)
Record date		Interim		Year-end		Annual
Actual	and	planned
dividends	for the	current	70.00 yen		70.00 yen		140.00 yen
fiscal year under review
Dividend paid for FY ended	45.00 yen		60.00 yen		105.00 yen
March 31, 2022
Class A preferred stock
				Dividend per share (yen)
Record date		Interim		Year-end		Annual
Actual	and	planned
dividends	for the	current	3,760,274.00 yen		3,739,726.00 yen		7,500,000.00 yen
fiscal year under review
Dividend paid for FY ended	1,952,054.80 yen		3,739,726.00 yen		5,691,780.80 yen
March 31, 2022

Note) 125 shares of Class A preferred stock were issued on June 28, 2021. The total amount of dividends is planned to be 937 million yen, the record date for which shall be a day during the fiscal year ending March 31, 2023.