Returning Shareholders and Dividend Policy

The Company regards the distribution of profits to shareholders, in the form of dividend payments, as a matter of the highest priority. Management has targeted a payout ratio of about 40% (consolidated basis). The Company's fundamental policy is one of stable, long-term distribution of dividends to shareholders in line with the growth of operations.

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(est.)
Full-year dividend per share(yen) 106.00 110.00 112.00 112.00 127.00
Interim dividend per share(yen) 53.00 55.00 56.00 56.00 63.50