クレスコ（4674） – ［Delayed］Notice Concerning Dividends from Surplus

Translation To whom it may concern: Notice: This document is a translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail. May 16, 2022 Company name: CRESCO LTD. Representative: Inquiries: Hiroyuki Nemoto Chairman & CEO (Stock code: 4674 Tokyo Stock Exchange, Prime Market) Kazuo Sugiyama Director and Senior Managing Executive Officer TEL +81-3-5769-8011 Notice Concerning Dividends from Surplus CRESCO LTD. (the “Company”) hereby announces the decision made at the Board of Directors meeting held on May 16, 2022 to distribute dividends from surplus to shareholders as of record date, March 31, 2022, as set forth below: 1. Details of dividends (Year-end dividends) Amount determined for the fiscal year ended March 31, 2022 The most recent forecast of the dividend (announced on February 28, 2022) Results for the previous fiscal year ended March 31, 2021 Record date March 31, 2022 Dividend per share 24 yen Same as on the left Same as on the left March 31, 2021 20 yen Total amount of dividend Effective date 504,973 thousand yen June 20, 2022 Source of dividend Retained earnings – – – 420,425 thousand yen June 21, 2021 Retained earnings 2. Reason The Company considers the return of its profits to shareholders as an important managerial issue. The Company’s basic dividend policy is to maintain payouts that are appropriate in light of its financial results, while increasing shareholders’ equity and keeping long-term and stable earning power. As for dividends, in principle the Company aims to continually pay out about 30% of profit attributable to owners of parent for each fiscal year, which is calculated from consolidated ordinary profit and assuming extraordinary income and losses are zero. In accordance with the above policy, the Company has resolved to pay 24 yen per share as the year-end dividend for this fiscal year. (Reference) Breakdown of annual dividends per share Dividend per share Record date 2nd quarter-end Fiscal year-end Annual dividend total Results for the fiscal year ended March 31, 2022 Results for the previous fiscal year ended March 31, 2021 20 yen 18 yen 24 yen 20 yen 44 yen 38 yen