Distribution of Profits

Policy for Decisions on Dividends

We consider returning profits to shareholders to be an important issue as part of our efforts to increase shareholder value.
The Company's basic policy on profit distribution is determined by comprehensively considering the balance between returning profits to shareholders and enhancing internal reserves.
Our basic dividend policy is to maintain a dividend payout ratio of 20% or more on a consolidated basis at the end of the fiscal year.
For the fiscal year ending March 31, 2024, we plan to further increase the annual dividend to ¥25 per share.(Interim dividend：¥9.0, a term-end dividend：¥16.0)
The Company conducted a 2-for-1 share split of its common stock on March 1,2017 and July 1, 2020. Above statements and figures have been calculated assuming this share split was conducted at the beginning of the previous fiscal year.