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Investor Presentaiton

Shareholder Return Policy Ichigo Dividend Policy: Growth, Certainty, and Stability - - Progressive Dividend Policy ✓ Ichigo's progressive dividend policy underscores our commitment to driving continued organic earnings and dividend growth for shareholders. Under this policy, the previous year's dividend becomes the floor for the current year's dividend. The dividend will be raised (or kept flat) but not cut, providing shareholders downside protection. DOE (Dividend on Equity) Payout Ratio of >3% ✓ Stable and growing dividend unaffected by short-term earnings volatility Flexible Deployment of Share Buybacks (New) ✓ Conduct share buybacks to optimize capital structure and drive shareholder value 7 Consecutive Years of Dividend Growth Dividend growth via DOE 3% Policy JPY 7 JPY 7 JPY 6 JPY 5 JPY 3 JPY 1* JPY 1.1 JPY 1.3 FY12/2 一期一会| FY13/2 FY14/2 FY15/2 FY16/2 FY17/2 FY18/2 FY19/2 ICHIGO * Adjusted to reflect 200:1 stock split O Ichigo Inc. All rights reserved. FY20/2 (Forecast) 37
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