• Consolidated dividend annual payout ratio target: around 30%
• Factors to be considered to return the profit to shareholders include:
  • capital requirements for investments to raise corporate value,
  • our performance forecast,
  • consolidated and non-consolidated balance sheets.
• The level of the first-half dividend is determined based on consideration of interim performance figures and forecasts for the full fiscal year performance.

Dividend of FY2019

• Regarding the dividend from retained earnings for the end of the second quarter (interim), in accordance with the policy described above, We intend to pay a dividend of JPY10 per share (representing a consolidated dividend payout ratio of around 31%).