Shareholder Returns

We recognize that maximizing shareholder value is an important management issue. Our basic policy is to maximize shareholder value through measures such as stable progressive dividends * with a payout ratio of 40% or more, stock splits, share repurchases, and share cancellations, while increasing earnings per share through sustained growth and improved performance.

*A dividend policy that, in principle, does not reduce dividends but maintains or increases dividends.

Based on the above policy, for the fiscal year ending March 2025, we have determined to pay an interim dividend of 17 yen per share, a year-end dividend of 46 yen per share, and an annual dividend of 63 yen per share (consolidated dividend payout ratio of 40.6%, consolidated DOE of 4.8%).

For the fiscal year ending March 2026, we plan to pay an interim dividend of 20 yen per share, a year-end dividend of 54 yen per share, and an annual dividend of 74 yen per share (consolidated dividend payout ratio of 40.4%).