Dividends

The Company’s basic policy is “to make strategic investments for future growth including capital enhancement and capital investments while making stable returns to shareholders on an ongoing basis.” Under the above policy, the Company sets the target of consolidated total return ratio at 40% (of which, a dividend payout ratio of 30% or higher.)

For the term-end dividend for FY 3/23, although the business results fell far short of the initial forecasts, the Company decided to pay 24 yen of regular dividends per share as announced on May 13, 2022, and will submit the proposal to the 73rd Ordinary General Shareholders Meeting for approval.

As for the term-end dividend for FY 3/24, the Company plans to aim for the total rerun ratio of 40% by paying 24 yen of regular dividends per share (dividend payout ratio: 31.2%) and by conducting a share buyback.