Shareholder Returns and Dividends

Dividend Policy

In order to return profits to shareholders and to realize sustainable corporate growth, our fundamental policy is to pay dividends after comprehensively considering the consolidated results for each term, the dividend payout ratio, and internal reserves. Under "Value Creation 3000 & 300“, our new Medium-term Business Plan, we continue our basic policy of a progressive dividend, avoiding a dividend reduction, and we will also consider flexible share buybacks.

Record Date for Dividends

Interim Dividend	September 30
Year-end Dividend	May 31

Dividends Per Share (DPS) Trend

FY		FY2021	FY2022	FY2023	FY2024	FY2025	FY2026(Forecast)
Dividend per share (yen)	Interim	50	50	52	56	66	68
	Year-End	58	59	60	70	72	72
	Total	108	109	112	126	138	140
Payout ratio (%)		53.8	69.3	47.3	47.3	46.5	47.6