KEIHIN CORPORATION

<h3>3. Dividend Policy</h3>

　The Company regards returning profits to shareholders as one of its most important management priorities. 　Our dividend policy is to implement dividends based on consolidated financial results from a long-term perspective, taking into comprehensive consideration future business developments and other factors.


　The Company pays dividends twice annually: an interim dividend and a year-end dividend. 　The Company's Articles of Incorporation provide that, except where otherwise prescribed by law, matters concerning dividends of surplus as specified in Article 459, Paragraph 1 of the Companies Act shall be determined by Board of Directors resolution. This enables the Company to implement flexible capital and dividend policies.


　For the current fiscal year, the interim dividend was set at 23 yen per share. Regarding the year-end dividend, as announced on the Company's website on October 30, 2019, in the "Notice Regarding Revision of Year-End Dividend Forecast for the Fiscal Year Ending March 2020 (No Dividend)," no year-end dividend will be paid.

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Date of Resolution

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Total Dividend Amount (Million Yen)

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Dividend Per Share (Yen)

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<ix:nonNumeric name="jpcrp_cor:DateOfResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" format="ixt:dateyearmonthdaycjk">October 30, 2019</ix:nonNumeric>

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<ix:nonNumeric name="jpcrp_cor:ResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" escape="false">Board of Directors</ix:nonNumeric>

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We position returning profits to shareholders as one of our top priorities. Our policy is to implement dividends from a long-term perspective, taking into comprehensive account our future business development and consolidated financial performance. We pay dividends twice a year: an interim dividend and a year-end dividend.

KEIHIN CORPORATION (E02196) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)