<h3>3. Dividend Policy</h3>
Our basic policy is to provide shareholders with stable, long-term dividends while maintaining adequate retained earnings to strengthen our financial foundation. This retained capital will be used to fund new store openings, capital investments, and to prepare for unforeseen business risks. We intend to invest retained earnings effectively in new store development and strengthening our management structure to adapt to anticipated changes in the business environment.
Under this basic policy, we target a dividend payout ratio of 40%. We are committed to actively implementing profit-sharing measures such as dividend increases and stock splits in response to improved performance. We will also flexibly consider share buybacks, taking into account our investment capacity and stock price levels.
The dividend payout ratio is determined in consideration of capital expenditures for new store openings and other future investments.
Our articles of incorporation provide that matters specified in Article 459, Paragraph 1 of the Companies Act regarding dividend distributions may be determined by board of directors resolution, except where otherwise provided by law. We plan to pay dividends twice annually: an interim dividend and a year-end dividend.
For the current fiscal period, we paid an interim dividend of 18 yen per share on November 6, 2024, and set the year-end dividend at 26 yen per share.
Note: Board of directors resolution date for interim dividend: October 4, 2024; Dividend per share: 18 yen; Total dividend amount: 683,513 thousand yen Board of directors resolution date for year-end dividend: April 11, 2025; Dividend per share: 26 yen; Total dividend amount: 969,379 thousand yen

Our basic policy is to provide stable dividends over the long term while building internal reserves to strengthen our financial foundation. We target a dividend payout ratio of 40% and actively implement profit-sharing measures such as increased dividends and stock splits in line with business performance improvements. We pay dividends twice annually (interim and year-end). We allocate retained earnings to new store openings and management structure reinforcement, and we will flexibly consider share buybacks taking into account our investment capacity.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Revision(2026/01/06)	23	23	46	-
	Revision(2025/10/06)	23	23	44	-
	Forecast(2025/04/11)	22	22	44	40.0%
FY2025	Actual(2025/10/06)	18	26	44	-
	Revision(2025/04/11)	18	26	44	40.8%
	Revision(2025/01/22)	18	20	38	-
	Forecast(2024/04/12)	18	18	36	39.1%
FY2024	Actual(2024/04/12)	17	18	35	41.1%
	Revision(2023/04/20)	17	12	29	49.3%
	Forecast(2023/04/12)	12	12	24	49.3%
FY2023	Actual(2023/04/12)	12	12	24	60.0%
	Forecast(2022/04/07)	12	12	24	53.6%
FY2022	Actual(2022/04/07)	12	12	24	57.7%
	Revision(2022/02/21)	12	12	24	-
	Forecast(2021/08/20)	12	-	-	-
FY2021	Actual(2021/04/07)	18	18	36	-46.4%
	Forecast(2020/09/28)	18	18	36	-
FY2020	Actual(2020/09/28)	18	18	36	-

【JP:7611】Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)