Elematec : Notice of Dividend Payment from Retained Earnings

		May 24, 2024
To Whom It May Concern
Company	Elematec Corporation
Representative	Chief Executive Officer and Chairman of the Board	Akira Yokode
	(Stock Code 2715 The Prime Market of the Tokyo Stock Exchange)
Contact	Managing Director, Director of corporate Division	Masahiro Fukami
	(Tel: [phone])

Notice of Dividend Payment from Retained Earnings

Elematec Corporation at the board of directors meeting held on May 24,2024 resolved to pay a dividend from retained earnings as set forth below. The record date thereof is March 31,2024.

1. Details of payment of dividends

		Payment of dividends			Recent dividend forecast			Year-end dividend for
						FY2023
		decided on May			(Announced on
						(Year ended
		24,2024			April 25,2024)
						March 31,2023)
Record date		March 31,2024		Same as on the left		March 31,2023
Dividend per Share	45.00	45.00			49.00
(yen)
Total amount of dividends		1,842 million yen		―		2,006 million yen
Effective date		June 27,2024		―		June	29,2023
	(Scheduled)
Source of dividend		Retained earnings		―		Retained	earnings

2. Reason

As we position redistribution of profits to our shareholders as an important management issue, our basic principle is set to the amount calculated using the payout ratio (consolidated) of 50% or the DOE of 3%, whichever is higher as a guideline.

In consideration of the above, Elematec will pay a year-end dividend of 45 yen per share to shareholders of record on March 31,2024. Accordingly, annual dividend per share will be 85 yen which includes a 2nd Quarter dividend of 40 yen per share. The dividend payout ratio (consolidated) will be 64.8% and the DOE will be 5.2%.

(Reference)Details of payment of annual dividends

		Dividend per share (yen)
Record date	2nd Quarter	Year-end	Total
Dividend for FY2024
(Year ended	40.00	45.00	85.00
March 31,2024)
Dividend for FY2023
(Year ended	27.00	49.00	76.00
March 31,2023)