This filing was originally prepared and published by the company in Japanese as it contained timely disclosure information to be submitted to the Tokyo Stock Exchange. The English translation is for your reference only. To the extent that there is any discrepancy between this English translation and the original Japanese filing, the Japanese filing will prevail.

July 27, 2022

Financial Release

Corporate Name

ValueCommerce Co., Ltd.

Representative

Jin Kagawa, Representative Director,

President and CEO

Ticker Symbol

2491

Inquiries

Masatomo Endo, Director of the Board, CFO

Phone

81 3 5210 6688

Notice of Dividends (Interim Dividends)

ValueCommerce Co., Ltd. ("the Company") announced that, at the meeting of its Board of Directors held today, it has resolved to pay dividends to the shareholders whose record date was June 30, 2022. Details are as follows. There's no revision to dividend forecast announced on January 31, 2022

1. Details of Dividends

FY 2022

Most recent dividend forecast

FY 2021

(Announced on

Interim dividends

Interim dividends

January 31, 2022)

Record date

June 30, 2022

Same as at left

June 30, 2021

Dividend per share

¥27.00

Same as at left

¥17.00

Total dividend amount

¥ 873 million

¥549 million

Effective date

August 31, 2022

August 31, 2021

Source of funds for

Retained earnings

Retained earnings

dividends

2. Reason

Considering a shareholder return policy as one of the most important managerial issues, the purpose of interim dividend payment is to enrich the opportunity of the profits return to shareholders. The company has established its minimum target dividend payout ratio of 30% on the company's consolidated profits in each fiscal year in accordance with our performance, while retaining certain earnings for our future growth.

(Reference) Breakdown of annual dividends

Dividend per share

Interim

Year-end

Total

Dividend forecast for FY2022

¥ 29.00

¥ 56.00

Actual dividends for FY2022

¥ 27.00

Actual dividends for FY2021

¥ 17.00

¥ 26.00

¥ 43.00

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Disclaimer

ValueCommerce Co. Ltd. published this content on 27 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2022 08:11:07 UTC.