Translation

This document is an excerpt 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 25, 2022

Company name:

Japan Elevator Service Holdings Co., Ltd.

Representative:

Katsushi Ishida,

Representative Director CEO

(TSE Prime Market, Stock Code: 6544)

Contact:

Kimihiko Imamura,

Director, Deputy President and Executive

Officer, CFO

TEL:

+81-3-6262-1625

Notice of Payment of Dividends

Japan Elevator Service Holdings Co., Ltd. (the "Company") announces that at the meeting of the Board of Directors held today a resolution was passed to distribute dividends from surplus with a record date of March 31, 2022 and to make a proposal to the 28th Annual General Meeting of Shareholders scheduled for June 23, 2022.

1. Details of dividends

Latest forecast

Results for the previous

fiscal year

Resolved

(announced on

(Fiscal year ended

May 12, 2022)

March 31, 2021)

Record date

March 31, 2022

Same as on the left

March 31, 2021

Dividends per

14.00 yen

Same as on the left

12.00 yen

share

Total dividends

1,242,286 thousand

1,062,885 thousand

yen

yen

Effective date

June 24, 2022

June 28, 2021

Dividends resource

Retained earnings

Retained earnings

2. Reasons for dividends

The Company maintains a basic policy to ensure stable and continuous returns to shareholders while securing internal reserves required for future business development and for enhancing the management foundation.

Based on the above policy, taking into consideration that the results for the fiscal year ended March

31, 2022 exceeded the previously released forecast, the Company has decided to revise the amount of year-end dividends to ¥14.00 per share for the fiscal year ended March 31, 2022, an increase of ¥1.00 from the previous forecast ¥13.00, in order to reward shareholder's for their support of the Company.

(Reference)Breakdown of annual dividends

Dividends per share

Record date

Fiscal year-end

Annual Total

Results for the current

14.00 yen

14.00 yen

fiscal year

Results for the previous

fiscal year

12.00 yen

12.00 yen

(Fiscal year ended March

31, 2021)

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Japan Elevator Service Holdings Co. Ltd. published this content on 25 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 May 2022 16:12:57 UTC.