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 pay consistent and stable dividends, aiming to pay whichever is the higher of a dividend making the consolidated dividend payout ratio 40% or a dividend making the consolidated dividend on equity ratio (DOE) 7%.
For the fiscal year ending March 31, 2026, we plan to further increase the annual dividend to ¥49.0 per share.(Interim dividend:¥21.0, a term-end dividend:¥28.0)
The Company will consider share buybacks based on its financial position, investment plans, capital efficiency, and other relevant factors.

(yen)
2022/3
2023/3
2024/3
2025/3
2026/3
(Forecast)
Interim 7.0 7.0 9.0 12.0 21.0
Year-end 13.0 14.0 19.0 22.0 28.0
Annual 20.0 21.0 28.0 34.0 49.0
Year-end
Interim
(yen)

The dividend graph for the fiscal year ending March 31, 2026 shows the expected amount.

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