Our company's dividend policy is designed to soundly strengthen the management base and the financial constitution, and to improve profitability. The key stance in our management policy is returning the profits to shareholders. Retained earnings are used for long-term growth by expanding the existing core businesses and searching for new business opportunities with the aim of further enhancing the corporate value in the future.
(In case special profit or loss effect net income significantly, the dividends amount might be determined excluding that special profit or loss.)

• Sustainable dividends payment.
• Maintain a consolidated dividend on equity ratio (DOE) of 1.5%.
• The dividend propensity for the consolidated current-year net profit is set at 50% in principle, depending on business performance etc..

The dividends on the surplus are decided at the Shareholders Meeting for year-end dividends and at a Board of Directors Meeting for interim dividends.

Dividend policy beginning in FY2023