Dividends

In our Medium-term Management Plan (FY3/24-FY3/26), we set a shareholder return target of “consolidated total payout ratio of 40% or higher”, which consisted of “consolidated dividend payout ratio of 30% or higher” and “payout ratio by share repurchases of approximately 10% or higher”.

In order to practice corporate management with due consideration to capital costs and stock price, the three-year period from FY 3/26 to FY 3/28 will be used for further enhancing the POC's corporate value, mainly by generating more aggressive shareholder returns.

1. Consolidated dividend payout ratio: 35% or higher
2. Share repurchases: Approximately JPY 30.0 bn (over a three-year period starting from FY 3/26)

Every fiscal year during the above period, share repurchases worth approximately JPY 5.0 bn will be implemented on two separate occasions, in the interim period (the second half) and in the full-year period (the first half of the following fiscal year), with a total amount of approximately JPY 10.0 bn annually.