Shareholder Returns

We consider the return of profits to shareholders to be an important goal for our management.

From the fiscal year ending March 2025, we decided on a shareholder return policy with a medium-term total payout ratio of approximately 60%, combining dividends and acquisitions of our own shares, as part of our efforts to pursue management that is conscious of the cost of capital and stock price.

For the fiscal year ending March 31, 2026, the annual dividend per share is planned to be 140 yen (interim dividend of 70 yen, and year-end dividend of 70 yen; amounts before taking the share split into account). In addition to stable dividends paid twice a year, we will flexibly implement special dividends and the acquisition of our own shares, based on market conditions.

Regarding internal reserve funds, we intend to use them effectively to strengthen our management foundation, focusing on investments in strategic areas for medium- to long-term growth.

In addition, the Articles of Incorporation provide that "The Company may declare interim dividend by resolution of the Board of Directors, the record date of which shall be September 30 of each year."