Dividend Information

The Company’s basic policy is to pay stable dividends to shareholders, while making every effort to reinvest in the Company based on its business plan, based on the recognition that long-term and continuous enhancement of corporate value contributes to the interests of shareholders.
In principle, we target a consolidated dividend payout ratio of 30% or more, taking into consideration not only consolidated business results but also the business environment, capital efficiency, free cash flow, etc. However, for fiscal years in which net income and capital structure fluctuate significantly due to special factors, etc., we will determine the dividend amount and dividend payout ratio after taking into consideration the impact of such factors.
The Company’s basic policy is to pay a year-end dividend once a year, although the record date for the year-end dividend is August 31 and the record date for the interim dividend is the last day of February. The Company’s Articles of Incorporation stipulate that matters stipulated in each item of Article 459, Paragraph 1 of the Companies Act, such as the distribution of surplus, may be resolved by the Board of Directors, unless otherwise stipulated by law.