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.

For the fiscal year ending March, 2025, we forecast an annual dividend of 230 yen per share, consisting of an interim dividend of 115 yen per share and a year-end dividend of 115 yen per share, based on the revised earnings forecast.