Dividend Policy

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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.
2030 Medium- to Long-Term Management Plan (FY2026–FY2030): Maintain the current dividend policy (target payout ratio of approx. 30%) while introducing a minimum dividend (JPY24 per share).

Dividend of FY2026

Although the impact of the Middle East situation on business results cannot be reasonably assessed, based on the minimum dividend level outlined above and other considerations, a dividend of ¥24 per share is currently planned.