Mabuchi Motor Co., Ltd. announced that it has decided to change the basic dividend calculation standard as: Before the Change: When calculating the basic dividend amount, except in times of significant decline in business performance due to a sudden deterioration in the business environment, the annual ordinary dividend is JPY 30 per share, which a stable dividend over the long term, and the special dividend of 30% of consolidated net income, which is a business result, converted to a per share amount, is added. After the Change: The dividend calculation standard will be changed to the dividend on equity ratio (DOE) basis. Specifically, the Company will shift to a policy of determining DOE of 3.0 to 4.0% by comprehensively considering cash flow, business environment and other factors, and by realizing long-term stable dividends, the Company aims to further strengthen shareholder returns.

Timing of the Change: The change will be applied from fiscal 2024 (the fiscal year ending December 2024).