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Dividends / Shareholder return policy

Basic policy regarding return of profits to shareholders

Basic policy regarding return of profits to shareholders

We will pay stable and continuous dividends while considering the outlook for business performance and investment for future growth.
In addition, we will return profits to shareholders in accordance with the scale of cash flow, and the total return ratio will be set at a target of 40% for the cumulative total of the Medium-Term Management Plan period.

1. Forecast for Cash Dividends

Forecast for December 2023 (Forecast)
Interim Dividend Year-end Dividend Annual Dividend
Dividend per share (Yen) 72.50 72.50 145.00

2. History of Dividend per Share (Yen)

Graph
*payout ratio(%) = dividend per share/net income per share x 100
Interim Dividend Year-end Dividend Annual Dividend
December 2017 39.00 49.00 88.00
December 2018 45.00 45.00 90.00
December 2019 45.00 45.00 90.00
December 2020 0.00 60.00 60.00
December 2021 50.00 65.00 115.00
December 2022 57.50 67.50 125.00
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