Dividend Policy｜Stock Infomation｜Investor Relations

Dividend Policy

The Group considers returning profit to shareholders the most important management policy. Our basic policy is to provide stable dividends with a consolidated payout ratio of 30%.
We plan to allocate internal reserves to expanding our business domains and capital expenditures to strengthen our business foundation.
Additionally, the basic policy for the number of dividends is to provide one dividend at the end of the fiscal year.

Dividend History

	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025 (Forecast)
Annual dividend per share	75yen	100yen^*	75yen	75yen	75yen	75yen	75yen	75yen	75yen	75yen	90yen	90yen
Dividend payout ratio	43.4％	49.9％	32.4％	51.4％	27.3％	30.0％	32.8％	171.2％	-	31.0％	32.6％

*Includes 90th anniversary commemorative dividend of 25 yen.
Note:On October 1, 2016, the Company carried out reverse share split on ordinary shares at a one for five ratio.
Figures prior to that have been restated to reflect the post-reverse share split.