Notice Regarding the Distribution of the Surplus

To whom it may concern

January 10, 2013

Tosei Corporation

Toranomon Tosei Building, 4-2-3 Toranomon, Minato-ku, Tokyo

President and CEO: Seiichiro Yamaguchi

Ticker code: 8923 (Tokyo Stock Exchange, First Section)

Contact: Noboru Hirano, Director and CFO

TEL: +81-3-3435-2864

Please note that this document is a translation of the official announcement that was released on January 10, 2013. The translation is prepared and provided for the purpose of the readers’ convenience only. All readers are strongly recommended to refer to the original Japanese version of the news release for complete and accurate information.

Tosei Corporation ("Tosei") resolved, at the meeting of the board of directors held on January 10, 2013, for the distribution of the surplus, with the record date of November 30, 2012. This matter will be submitted as an agenda at the 63rd ordinary general meeting of shareholders, scheduled on February 26, 2013.

  1. 1.Details of the Distribution
     Decided AmountLast Dividend Forecast
    (Disclosed on Jan. 10, 2012)    		Previous Period Actual
    (Fiscal Year Ended Nov. 2011)
    Record Date Nov. 30, 2012 Nov. 30, 2012 Nov. 30, 2011
    Dividend Amount per Share Yen 600 Yen 500 Yen 500
    Total Distribution Amount Yen 274 million - Yen 228 million
    Effective Date Feb. 27, 2013 - Feb. 27, 2012
    Source for Distribution Earned Surplus - Earned Surplus
  2. 2.Reasons

    Tosei maintains the stable dividend distribution to its shareholders as a crucial management priority. Tosei’s basic policy is to comprehensively take into account such factors as its operating performance trend, the surrounding business environment going forward, as well as the development of the business plans, so as to balance the profit distribution with the need for the internal capital resources for a long term enterprise value enhancement by taking advantage of profitable business opportunities.
    With respect to the year-end dividend, Tosei’s consolidated ordinary profit as well as net income of the fiscal year ended November 2012 substantially exceeded those of the previous period, therefore, after reviewing its distribution policy, Tosei decided to increase the dividend amount, by Yen 100 from the previous forecast amount, to make it to be Yen 600 per share.