Shareholder Return Policy

We will maintain at least 50% dividend payout ratio.

We will strive for stable profit payback with eye on earnings, growth investment and business sustainability.

	FY 2020 (through February)	FY 2021 (through February)	FY 2022 (through February)	FY 2023 (through February)	FY 2024 (through February) Forecast
Mid-Year Dividend (yen)	13	13	13	13	8
End-of-Year Dividend (yen)	13	13	13	10	8
Full-Year Dividend (yen)	26	26	26	23	16
Dividend Payout Ratio (%)	74.4	557.8	89.4	99.9	94.8

Final day of February, final day of August

Basic Shareholder Information