<h3>3. Dividend Policy</h3>
As our Group is still in a growth phase, we recognize that strengthening our financial position and securing competitive advantage in our business areas are important management priorities alongside returning profits to shareholders. For this reason, our Group has not paid dividends since its founding and has instead built up retained earnings to fund operational efficiency improvements and business expansion investments.
Going forward, we intend to balance growth investments with shareholder returns and will implement measures to enable year-end dividend payments in the fiscal year ending December 2025. However, as of the fiscal year ending December 2024, distributable surplus under the Companies Act is insufficient, and therefore the possibility of dividend implementation and its timing remain undetermined at this time.
When distributing surplus, our basic policy is to pay dividends twice annually: a year-end dividend with a record date of December 31 each year and an interim dividend with a record date of June 30 each year. Our Articles of Incorporation also provide for the possibility of paying dividends on other record dates as determined. The year-end dividend is decided by the shareholders' meeting, while the interim dividend is decided by the Board of Directors.

We aim to balance growth investments with shareholder returns by implementing measures that will enable us to pay a year-end dividend in the fiscal year ending December 2025. When we pay dividends, our basic policy is to distribute twice annually (year-end and interim). We will allocate retained earnings to investments in operational efficiency and business expansion.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2026/02/13)	0	10	10	-
FY2025	Actual(2026/02/13)	0	10	10	40.7%
	Revision(2025/11/14)	0	10	10	-
	Forecast(2025/02/14)	0	0	0	-
FY2024	Actual(2025/02/14)	0	0	0	-
	Forecast(2024/02/14)	0	0	0	-
FY2023	Actual(2024/02/14)	0	0	0	-
	Forecast(2023/02/14)	0	0	0	-
FY2022	Actual(2023/02/14)	0	0	0	-
	Forecast(2022/05/13)	0	0	0	-
FY2021	Actual(2022/05/13)	0	0	0	-

(9218) Dividends

Dividend Policy

Dividend per Share

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Dividend History (Forecasts, Revisions, Actuals)