Toyota Boshoku : Notice Regarding Dividend on Retained Earnings

Translation

	April 26, 2024
Company Name	Toyota Boshoku Corporation
Representative	Masayoshi Shirayanagi, President
(Securities Code 3116 TSE, Prime, NSE, Premier)
Inquiry	Masataka Asano
	General Manager,

Accounting & Finance Division (TEL [phone])

Notice Regarding Dividend on Retained Earnings

Toyota Boshoku Corporation (the "Company") hereby announces that its board of directors meeting held

on April 26, 2024, passed resolutions to pay the dividend on retained earnings as of the base date March

31, 2024 as follows.

1． Dividend Details

		Previous dividend	Previous fiscal
	Decided amount	forecast
	year's results
		(Announced February 2, 2024)
Date of record	March 31, 2024	March 31, 2024	March 31, 2023
Dividend per share	43 yen	43 yen	35 yen
Total amount of dividend	7,676 million yen	-	6,540 million yen
Effective date	May 27, 2024	-	May 26, 2023
Source of dividend	Retained Earnings	-	Retained Earnings

2． Reasons

Regarding the distribution of profits, the company has made securing profits for shareholders one of its important management issues.

Based on the continuation of stable dividends, our basic policy is to meet the expectations of shareholders by comprehensively considering our consolidated business results and dividend payout ratio.

Regarding dividends for the fiscal year, as a result of a comprehensive review of consolidated business results for the fiscal year ending March 31,2024 and other factors, we have decided to pay a year-end dividend of 43 yen per share, the same amount as previously announced, for a total annual dividend of 86 yen per share, including the interim dividend.