Shareholder Return Policy

The Company's fundamental policy is to return dividends to shareholders with the highest priority, in accordance with a policy set out in each medium-term management plan. Regarding shareholder return for the Medium-term Management Plan period from the FY3/2022 to FY3/2024, we will prioritize improving the capital adequacy that has been damaged by the effects of COVID-19 on earnings. We will do this by increasing internal reserves, setting a target total return ratio of 30%.

Transition of a dividend