Calbee, Inc. 
TSE 1st Section: Code No. 2229 
Notice Concerning Distribution of Retained Earnings 
Tokyo, May 13, 2021 — Calbee, Inc. (hereinafter “Calbee”) at a meeting of the Board of Directors held today, resolved on the distribution of retained earnings (year-end dividend for the fiscal year ended March 31, 2021).  
This agenda is expected to be confirmed at the 72st Annual General Meeting of Shareholders 
scheduled for June 23, 2021. 
 1. Details of Dividend     
Amount in accordance 
with resolution 
Latest forecast for year-end dividend 
(Announced on    May 14, 2020) 
Dividend for fiscal year ended March 31, 2020 
Record date March 31, 2021 March 31, 2021 March 31, 2020 
Cash dividend per share ¥50.00 ¥50.00 ¥50.00 
Total dividends  ¥6,696 million ― ¥6,696 million 
Effective date June 24, 2021 ― June 25, 2020 
Source of dividends Retained earnings ― Retained earnings 
2. Reasons for the Payment of Dividends  
We recognizes that the distribution of profits to shareholders is an important management matter. 
Our policy is to enhance returns to shareholders while profitability and strengthening our financial position. In the five-year medium-term business plan (from FY March 2020 to FY March 2024)," we have set a target of 40% or more on a dividend payout ratio (consolidated).  
On the basis of this policy and in consideration of our consolidated results and financial position, 
we plan to pay an annual dividend of ¥50 per share, the same amount as in the previous fiscal year, for the fiscal year ended March 31, 2021.  Reference: Breakdown of Full-Year Dividends 
Dividend per share (yen) 
Record date Interim Year-end Total 
Fiscal year ended March 31, 2021 ¥0.00 ¥50.00 ¥50.00 
Fiscal year ended March 31, 2020 ¥0.00 ¥50.00 ¥50.00 
***ENDS*** 