The Eighteenth Bank,Limited

<h3 class="smt_head2" style="font-family:'ＭＳ ゴシック';">3 [Dividend Policy]</h3>
Our bank pays a stable annual dividend of 6 yen per share, supplemented by performance-linked dividends that reflect our earnings. We target a combined payout ratio of approximately 25% for stable and performance-linked dividends. The specific amount of performance-linked dividends for each period will be determined after results are finalized, taking into account economic conditions and financial circumstances at that time.
Our basic policy is to pay dividends twice annually—interim and year-end dividends. The year-end dividend is approved by the shareholders' meeting, while the interim dividend is approved by the board of directors.
Our articles of incorporation provide that the board of directors may declare an interim dividend as of September 30 each year.
Based on this policy, the year-end dividend for the current period is 4 yen 50 sen per share (annual dividend of 7 yen 50 sen including the interim dividend, of which 1 yen 50 sen is performance-linked). Details regarding dividends for this fiscal year are provided in Section 5 "Financial Condition," under "1 Consolidated Financial Statements," in the section "Matters Concerning Dividends" of the "Consolidated Statement of Changes in Shareholders' Equity."
Retained earnings are allocated to system investments to enhance customer convenience and strengthen profitability and operational efficiency, thereby reinforcing our management foundation.
Although restrictions on dividend frequency were eliminated under the Companies Act, we plan to continue paying dividends twice annually (interim and year-end).
Dividend payments are subject to restrictions under Article 18 of the Banking Act. When paying dividends, we record one-fifth of the amount by which retained earnings decrease as capital reserve or retained earnings reserve, notwithstanding the provisions of Article 445, Paragraph 4 of the Companies Act.
No capital reserve or retained earnings reserve was recorded in connection with this dividend payment.

In addition to a stable annual dividend of 6 yen per share, the company will pay performance-linked dividends, with a target payout ratio of approximately 25%. The basic policy is to pay dividends twice per year (interim and year-end). Retained earnings will be used for system investments to improve customer convenience and enhance profitability and operational efficiency, thereby strengthening the company's management foundation.

The Eighteenth Bank,Limited (E03593) Dividends

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Dividend History (Forecasts, Revisions, Actuals)