The Company has made a fundamental policy to maintain a dividend payout ratio of approximately 30% based on the established policy of long-term and stable dividends, while maintaining financial discipline and securing growth investment preferentially portfolio, and additionally, to provide shareholder returns including flexible acquisition of treasury share based on financial policy.
In addition, as a firm declaration of our intention to realize the performance targets of the Medium-Term Business Plan (2024-2026) and to comply with the dividend policy, we have introduced a “dividend payout ratio with minimum ratio of 30.0%” from the fiscal year ending March 31, 2026. This dividend payout ratio is that the Company sets the cash dividend to be 150.00 per share as the minimum amount of the dividend, which is equivalent to the dividend payout ratio of 30.0% based on the initial consolidated net income forecast for FY 2025 and the target amount of consolidated net income for FY 2026 announced by the Medium-Term Business Plan, and if the result surpasses the forecast, the Company revises the dividend forecast upward in accordance with the dividend payout ratio of 30.0%.
Regarding the future shareholder return, we will consider introducing a shareholder return policy putting importance on dividends, at a timing which, as one of the benchmarks, is when reducing the total number of issued shares to approximately 140 million becomes achievable.

Please see the following page for the status of interim dividends, dividends at the end of fiscal year, and dividend payout ratios.