SMS Co., Ltd. announced that, on May 23, 2022, its Board of Directors has resolved to submit a proposal for the distribution of dividends of JPY 10.5 per share for the year ended March 31, 2022, surplus with a record date set at March 31, 2022 to the 19th Ordinary General Meeting of Shareholders scheduled to be held on June 24, 2022. Effective date is June 27, 2022.