MITSUI & CO., LTD.

<h3>3 [Dividend Policy]</h3>
 
Our basic policy regarding profit distribution is as follows.
・Our fundamental approach is to enhance corporate value and maximize shareholder value by retaining earnings to meet capital needs in priority and growth areas, while also returning a portion of profits directly to shareholders through dividends.
・In addition to the above, regarding share buybacks aimed at improving capital efficiency, we will make flexible decisions on the amount and timing, taking into account the balance with growth investments, post-shareholder return cash flow levels, interest-bearing debt and return on equity, stock price levels, and other management conditions.
 
Our Articles of Incorporation provide that "the Board of Directors may resolve to pay interim dividends with September 30 as the record date each year." As a result, we operate on the principle of paying dividends twice annually—interim dividends and year-end dividends resolved at the shareholders' meeting.
The year-end dividend of 50 yen per share is subject to resolution at the ordinary shareholders' meeting on June 18, 2025. For the fiscal year ending March 2025, the total annual dividend is expected to be 100 yen per share, including the interim dividend of 50 yen per share already paid.
 
Regarding the annual dividend for the fiscal year ending March 2026, we plan 115 yen per share (an increase of 15 yen from the previous period, with an interim dividend of 55 yen and year-end dividend of 60 yen), taking into account the projected operating cash flow and net income attributable to parent company shareholders for the fiscal year ending March 2026, as well as the stability and continuity of annual dividend per share. We have adopted a progressive dividend policy of maintaining or increasing dividends during our medium-term management plan period (fiscal years ending March 2024 through March 2026). Based on our cash generation capacity through growth investments and strengthening of existing businesses during this period, we plan to continue the progressive dividend policy beyond the medium-term management plan period.
 
The dividend of surplus for this fiscal year is planned as follows.

<ix:nonNumeric name="jpcrp_cor:DateOfResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" format="ixt:dateyearmonthdaycjk">November 1, 2024</ix:nonNumeric><ix:nonNumeric name="jpcrp_cor:ResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" escape="false">Board of Directors resolution</ix:nonNumeric> interim dividend (total dividend amount <ix:nonFraction name="jpcrp_cor:TotalAmountOfDividendsDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" unitRef="JPY" decimals="-6" scale="6" format="ixt:numdotdecimal">147,590</ix:nonFraction> million yen; 50 yen <ix:nonFraction name="jpcrp_cor:DividendPerShareDividendsOfSurplus" contextRef="FilingDateInstant_Row1Member" unitRef="JPYPerShares" decimals="0" scale="0" format="ixt:numdotdecimal">50</ix:nonFraction> per share)

<ix:nonNumeric name="jpcrp_cor:DateOfResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" format="ixt:dateyearmonthdaycjk">June 18, 2025</ix:nonNumeric> Year-end dividend subject to resolution at the <ix:nonNumeric name="jpcrp_cor:ResolutionDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" escape="false">ordinary shareholders' meeting</ix:nonNumeric> (total dividend amount <ix:nonFraction name="jpcrp_cor:TotalAmountOfDividendsDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" unitRef="JPY" decimals="-6" scale="6" format="ixt:numdotdecimal">144,391</ix:nonFraction> million yen; 50 yen <ix:nonFraction name="jpcrp_cor:DividendPerShareDividendsOfSurplus" contextRef="FilingDateInstant_Row2Member" unitRef="JPYPerShares" decimals="0" scale="0" format="ixt:numdotdecimal">50</ix:nonFraction> per share)

Our basic policy is to retain earnings to fund growth in priority areas that enhance corporate value, while returning a portion of profits to shareholders through dividends. During the medium-term management plan period, we will implement progressive dividends and continue this approach thereafter, with dividends paid twice annually as a general rule. We will make flexible decisions on share buybacks by taking into account the balance with growth investments and our financial position.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2025/05/01)	55	60	115	42.9%
FY2025	Actual(2025/05/01)	50	50	100	32.6%
	Forecast(2024/08/01)	50	50	100	-
FY2024	Actual(2024/08/01)	85	85	170	-
	Revision(2023/10/31)	85	85	170	-
	Forecast(2023/05/02)	75	75	150	25.7%
FY2023	Actual(2023/05/02)	65	75	140	19.4%
	Revision(2023/02/03)	65	70	135	-
	Revision(2022/11/01)	65	65	130	-
	Forecast(2022/05/02)	60	60	120	24.0%
FY2022	Actual(2022/05/02)	45	60	105	18.7%
	Revision(2022/02/03)	45	60	105	-
	Revision(2021/11/02)	45	50	95	-
	Forecast(2021/04/30)	45	45	90	32.4%
FY2021	Actual(2021/04/30)	40	45	85	42.7%
	Forecast(2020/10/30)	40	40	80	-
FY2020	Actual(2020/10/30)	40	40	80	-

MITSUI & CO., LTD. (8031) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)