To strengthen our management base, which is oriented towards lasting development, we are attempting to enhance our internal reserves. Considering the overall management environment and performance, we are acting on the basic principle of returning profits regularly and sustainably.

In addition, from fiscal year 2024, we have changed our dividend policy from a payout ratio basis to a dividend on equity (DOE) ratio of approximately 5%.

To increase opportunities to return profit to shareholders, we have introduced an interim dividend system from FY2021. We stipulated in the articles of incorporation to allow interim dividend payment by resolution of the Board of Directors with September 30 as the reference date, in accordance with the Article 454, paragraph 5 of the Companies Act.