NS : Notice Concerning Dividend from Retained Earnings

May 20, 2022

To Whom It May Concern

Company name: NS Solutions Corporation

Representative: Hiroyuki Morita Representative Director & President (Code ：2327 TSE Prime Market) Contact: Takashi Kusaka

Director, General Administration Dept. Corporate Administration Bureau (TEL. [phone])

Notice Concerning Dividend from Retained Earnings

We hereby announce that our Board of Directors has resolved at a meeting held on May 20, 2022, to pay dividends from surplus with a record date of March 31, 2022, as follows.

1. Details of payment of dividends

	Payment of dividends	Most recent dividend	Payment of dividend for
	resolved on May 20,	forecast announced on	the fiscal year ended
	2022	April 28, 2022	March 31, 2021
Record date	March 31, 2022	March 31, 2022	March 31, 2021
Dividend per share	¥36.00	¥36.00	¥27.50
Total amount of payment	3,294 million yen	－	2,516 million yen
Effective date	June 6, 2022	－	May 31, 2021
Source of payment	Retained earnings	－	Retained earnings

2. Reason

The management believes it is important for the company to maintain and increase its competitiveness and to continue to enhance the company's enterprise value in the long run.

Our basic policy with respect to profit sharing is to secure fair and stable shareholder returns, while also retaining earnings that are sufficient to grow the Company's business.

We consider it important to return to shareholders profits that are in line with the company's consolidated results. We aim for a consolidated dividend payout ratio of 30%.

With respect to the distribution of retained earnings with a record date of March 31, 2022, we will pay a dividend of 36 yen per share.

(Reference) Details of payment of dividends by year

		Dividend per share
Effective date	Interim dividend	Year-end dividend	Full-year dividend
Fiscal year ending March 31, 2023	35.00	35.00	70.00
Fiscal year ended March 31, 2022	30.00	36.00	66.00
Fiscal year ended March 31, 2021	25.00	27.50	52.50

End of document

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