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Other Disclosures4720JOHNAN ACADEMIC PREPARATORY INSTITUTE,INC.Information and Communications, Services and Others

Regarding the Board of Directors’ decision on the distribution of surplus

Starting this fiscal year, the Company changed its practice so that the year-end dividend is determined by the Board of Directors rather than at the Annual General Meeting of Shareholders.

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The Company had previously made this a matter for resolution at the Annual General Meeting of Shareholders in order to ensure an opportunity to hear shareholders' views directly. However, the Articles of Incorporation permit the dividend to be determined by resolution of the Board of Directors, and the Company believes that capital policies, including dividends, should be assessed comprehensively as part of its management policy.

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Regarding the Board of Directors’ decision on the distribution of surplus | JOHNAN ACADEMIC PREPARATORY INSTITUTE,INC. (4720) timely disclosure | Komori