Dividends・Shareholder Benefits

Approach to Dividends

The Company regards the return of earnings to shareholders as one of its most important management issues. The Company’s basic policy on distribution of surpluses is to distribute dividends in a continuous and stable manner while maintaining sufficient internal reserves to provide for future business development and ensure the sound financial condition of the Company. The Company’s policy on distribution of surpluses in the form of dividends is to target a consolidated payout ratio of 50%.

Moreover, the Company intends to prepare internal reserve funds to serve funding demands focused on business expansion, such as for capital investment necessary for future business development.

For the fiscal year ending August 31, 2026, the Company has set the year-end dividend at 20 yen per share, reflecting a 5-yen increase to commemorate the 20th anniversary of the founding of the Curves chain from the initial forecast announced on October 15, 2025.
As a result, the annual dividend per share for the current fiscal year is expected to be 30 yen, an increase of 13 yen from the previous fiscal year.

History Data on Dividends per Share

Notice of Enhancement (Change) of Shareholder Special Benefit Program

The Company has implemented a shareholder special benefit program to express appreciation for the continued support of shareholders and to increase the attractiveness of the Company’s shares, and encourage more shareholders to hold shares of the Company over the medium to long term.
In conjunction with this change, we have also decided to further clarify the conditions for calculating the continuous holding period in order to reward shareholders who support the Company over the medium to long term.

＜Time of implementation＞

The new system and special measures/special benefits will be applied to shareholders listed or recorded in the shareholders’ register as of the end of August 2026.

＜Details of change (enhancement)＞

Current Program

100 shares or more ⇒ QUO card worth 500 yen (flat)

New Program

Shareholders may choose to receive either a QUO card or electronic money, etc. depending on the number of shares held and the continuous holding period.
*As a special benefit, Curves members who are Curves subscribers can also choose to receive a discount on Curves subscription products.

Number of shares held		Continuous holding period
		Less than 1 year	1 year or more	3 years or more
100 shares or more		①Quo card worth 1,000 yen ②Electronic money, etc. worth 1,000 yen ③1,000 yen discount on Curves subscription products	①Quo card worth 1,500 yen ②Electronic money, etc. worth 1,500 yen ③1,500 yen discount on Curves subscription products	①Quo card worth 2,000 yen ②Electronic money, etc. worth 2,000 yen ③2,000 yen discount on Curves subscription products
500 shares or more		①Quo card worth 2,000 yen ②Electronic money, etc. worth 2,000 yen ③2,000 yen discount on Curves subscription products	①Quo card worth 3,000 yen ②Electronic money, etc. worth 3,000 yen ③3,000 yen discount on Curves subscription products	①Quo card worth 5,000 yen ②Electronic money, etc. worth 5,000 yen ③5,000 yen discount on Curves subscription products

Choose one item from (1) to (3) above.

* Curves members who are Curves subscribers can also choose to receive a discount on subscription products.
(This option is also available to shareholders whose family members are Curves members who are Curves subscribers.)

In addition to the above changes, as a special commemorative benefit for the 20th anniversary of the founding of the Curves chain, the Company will add an extra 1,000 yen worth of shareholder benefits to all shareholders, exclusively for the record date of August 31, 2026.

[Example] 100 shares or more for less than 1 year: A choice of a QUO card worth 2,000 yen, electronic money, etc. worth 2,000 yen, or a 2,000 yen discount on Curves subscription products
500 shares or more for less than 1 year:A choice of a QUO card worth 3,000 yen, electronic money, etc. worth 3,000 yen, or a 3,000 yen discount on Curves subscription products

* The continuous holding period will be calculated based on the condition that the holder continuously holds at least 100 shares on all record dates (the last day of February and the last day of August of each year).

* Continuous holding period of more than 1 year (less than 3 years) means that the same shareholder number has been recorded in the shareholder registry on the record date (end of February or end of August) as holding 100 shares or more three or more times (less than 7 times) in a row.

* A continuous holding period of three years or longer is defined as a period of seven or more consecutive recordings of 100 or more shares held under the same shareholder number in the shareholder registry as of the record date (end of February or end of August).

* If you purchase additional shares, your benefits will be based on the total number of shares recorded in the shareholder registry as of the end of August (the record date), provided that you meet the aforementioned continuous ownership requirements.

* Please note that your shareholder number may change and you may not be eligible for continuous shareholding if you use a stock lending service, etc. of a securities company or if you change your securities company.

* [Special Measures]Even for shareholders who previously held fewer than 100 shares, if they increase their holding to 100 shares or more by August 31, 2026, their past holding period will be fully counted toward the continuous ownership requirement under the new program.

＜How to select benefit＞

A “Shareholder Benefit Information” will be mailed to eligible shareholders.
Please follow the “Shareholder Benefit Information” and select the items you wish to receive on the website.
Please make sure to complete the receipt procedure within the selection period, as you will not be able to receive the benefits after the selection period.