TACHI S : Notice Concerning Dividends of Surplus

	November 11, 2022
Listed Company Name	TACHI-S CO., LTD.
Name of Representative	Yuichiro Yamamoto, President & CEO & COO
Stock listing	Tokyo Stock Exchange - Prime Market
Code number	7239
Contact	General Affairs Section, General Affairs Department
	(TEL: [phone])

Notice Concerning Dividends of Surplus

TACHI-S CO., LTD. (the "Company") is pleased to announce that at the Board of Directors meeting held on November 11, 2022, the Company decided to pay dividends of surplus with a record date of September 30, 2022.

1. Content of the dividends

		Most recent dividend forecast	Record of the previous fiscal year
	Amount	(Year ended March 31, 2022
	(Announced November 13, 2022)
		interim dividends)
Record date	September 30, 2022	September 30, 2022	March 31, 2021
Dividend per share	36.80 yen	36.80 yen	―
Total dividends	1,274 million yen	―	―
Effective date	December 2, 2022	―	―
Source of dividends	Retained earnings	―	―

(Note) The total amount of dividends is rounded to the nearest millions of yen.

2. Reasons

The Company has revised the shareholder returns policy in the new medium-term management plan (TVE)

announced in May of last year and determined to actively conduct shareholder returns, having adopted DOE (consolidated dividend on equity ratio) as the main financial indicator for dividends, while giving general consideration to cash flow and maintaining a sound medium to long-term financial foundation, etc. Regarding the interim dividends for the fiscal year ended March 31 2023, the company have decided to pay an ordinary dividend of 36.80 yen per share based on the above policy.

(Reference) Breakdown of annual dividends

		Dividend per share
Record date	2nd quarter-end	Year-end	Total
Dividend Forecast	36.80 yen	36.80 yen	73.60 yen
(Announced May 13, 2022)
Dividends for the current	36.80 yen
fiscal year
Dividends for the previous fiscal
year (fiscal year ended	31.80yen	31.80yen	63.60yen
March 31, 2022)