Shareholder Return Policy

The Company will return profits to shareholders based on policies set for each of the Medium-Term Management Plan.
As for the return of profits to shareholders during the new Medium-Term Management Plan period from the fiscal year ending March 31, 2025 to the fiscal year ending March 31, 2027, the Company's basic policies are to actively and stably return profits to shareholders while investing in growth to maintain and strengthen competitiveness and working to improve earning capacity and strengthen its financial position.
Specifically, we will pay a progressive dividend through profit growth, with a minimum annual dividend of 60 yen per share and aiming consolidated payout ratio of 40%.
The Company will make Treasury shares acquisitions in a flexible manner, taking that into account factors such as business performance, shareholders' equity, and market conditions including stock prices.

Transition of a dividend