<h3 class="smt_head2">3 [Dividend Policy]</h3>

Our dividend policy is based on paying dividends in line with business performance. We determine dividends by taking into account continuous dividend payments, dividend payout ratio, further strengthening of our financial position, and building sufficient retained earnings to prepare for future business development.

We pay year-end dividends from retained earnings based on a record date of November 30 each year, subject to approval at the ordinary general meeting of shareholders.

Regarding dividend payments from retained earnings for the current period, despite the continuing challenging economic environment, we have decided to implement a dividend of 2.50 yen per share in accordance with the policy described above.

Retained earnings are reserved to prepare for future business development.

(Note) Dividend payments with record dates falling within this fiscal year are as follows:

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We adopt a dividend policy that is fundamentally responsive to business performance, while also taking into account the importance of maintaining consistent dividends, an appropriate dividend payout ratio, and building sufficient retained earnings to strengthen our financial position and prepare for future business expansion. Dividends are paid once annually as a year-end dividend with a record date of November 30. Retained earnings are allocated to prepare for future business development.

(E00698) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)