Dividends and Shareholder Returns

As for dividend, the Company set the year-end dividend for the fiscal year ended March 31, 2025 at 87.5 yen per share, as previously forecasted. Combined with the second quarter-end dividend, the annual dividend per share is 170.0 yen. As a result, total return ratio during this fiscal year, which included the acquisition of treasury shares, is 45.9%.

Under the Long-term Management Policy, which was formulated in April 2025, the Company 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, in regard to the dividend for the next fiscal year, the Company intends to set both the second quarter-end and the year-end dividend for the fiscal year ending March 31, 2026 at 18.0 yen per share, therefore the annual dividend per share is expected to be 36.0 yen.

*DOE = annual dividend / average shareholders’ equity during the period
*The Company conducted a stock split at a ratio of five shares for every one share of common stock on April 1, 2025. The amounts for the fiscal year ended March 31, 2025 are the actual amount of dividends paid before the stock split. The amounts for the fiscal year ending March 31, 2026 are the figures after the stock split. The forecast of annual dividend per share for the fiscal year ending March 31, 2026 without considering the stock split would be 180 yen.

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

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