Dividends and Shareholder Returns

Under the Long-term Management Policy, which was formulated in April 2025, we set a financial policy of the total return ratio to be 40-50% and of setting a level that meets DOE of 4% as the lower limit for annual dividend. Based on these policies, we decided to increase annual dividend per share to ¥40.0 (up ¥4.0 vs initial forecast, ¥6.0 YoY) due to the increased certainty of full-year earnings forecast for FY26/3. In FY26/3, dividend payout ratio is expected to be 45.7%.

*DOE = annual dividend / average shareholders’ equity during the period
*We conducted a stock split at a ratio of five shares for every one share of common stock on April 1, 2025. The amounts shown for the fiscal year ending March 31, 2026 are the figures after the stock split.

*Amounts have been retroactively adjusted (pre-split dividends divided by 5) to reflect the 5-for-1 stock split effective April 1, 2025.

We do not currently offer special benefit plans for shareholders. The establishment of any such benefit plans for the future will be discussed, and action related thereto will be determined with due consideration given to the Group's Shareholder Return Policy and requests from shareholders.