Shareholder Returns

As its basic shareholder returns policy, UNITED ARROWS LTD. recognizes the maximization of shareholder value as one of the most important tasks for management. With this in mind, we will continue to work diligently to achieve ongoing growth and improve operating performance in an effort to raise earnings per share. At the same time, we will actively seek to maximize shareholder value by issuing stable dividends linked to operating performance, conducting stock splits, and acquiring and then cancelling treasury stock.

Based on the above policy, for the fiscal year ended March 31, 2023, the year-end dividend is ¥35 per share, for an annual dividend of ¥47 per share (payout ratio 30.8%, DOE 4.0%). For the fiscal year ending March 31, 2024, the Company plans to pay an interim dividend of ¥17 per share and a year-end dividend of ¥38 per share, for an annual dividend of ¥55 per share (forecast dividend payout ratio: 32.4%).