<h3>3. Dividend Policy</h3>
The Company recognizes shareholder returns as an important management priority. Our basic policy is to maintain internal reserves necessary for strengthening our corporate foundation and supporting future business development, while implementing appropriate profit distributions.
Going forward, we plan to determine shareholder returns each fiscal year based on our financial position and operating results. In the current fiscal year, we decided not to pay dividends, as we believe that strengthening our financial position through increased internal reserves and investing in business expansion and competitiveness are the greatest returns we can provide to shareholders. We will continue to improve group-wide performance and consider dividend implementation as part of our ongoing effort to steadily increase shareholder returns and profit distributions over time, with the goal of enhancing shareholder value.
We intend to allocate internal reserves to medium- and long-term investments, including business expansion, operational efficiency improvements, and recruitment and development of talented personnel, with the aim of increasing corporate value.
Our basic policy is to pay year-end dividends once annually from retained earnings.
Additionally, our Articles of Incorporation provide that interim dividends may be paid once per year with June 30 as the record date, subject to Board of Directors approval.

Our basic policy is to maintain internal reserves needed to strengthen our corporate foundation and support future business growth, while distributing appropriate profits to shareholders. We typically pay dividends once per year at the fiscal year-end, and our articles of incorporation also allow for interim dividends. We allocate retained earnings to business expansion, efficiency improvements, and medium to long-term investments in securing and developing talent, with the aim of increasing overall corporate value.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2024	Actual(2025/02/14)	-	-	0	-
FY0	Actual(2024/11/14)	-	-	0	-

(E38164) Dividends

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Dividend History (Forecasts, Revisions, Actuals)