Dividends

The Company has positioned returning of profits to shareholders as one of its important management policies. The Company’s basic policy is to maintain sustainable dividend distribution in accordance with the Company’s performance while securing internal reserves necessary to achieve stable corporate growth and to respond to changes in the business environment in the future. The Company aims at a payout ratio of 30% on a consolidated basis as the standard.

The dividend forecast for the fiscal year ending March 31, 2026, has been revised from the most recent dividend forecast considering the revised earnings forecast. The year-end dividend is expected to be 160 yen per share, up 20 yen from the previous forecast of 140 yen per share, for an annual dividend of 265 yen per share.