Stockholder Returns

Policy on Stockholder Returns and past dividends.

Policy on Stockholder Returns

The basic policy is to pay dividends with a target payout ratio of 40%, as well as to flexibly contribute to stockholder returns by acquiring own shares and other means, with consideration of business performance, financial condition and business environment.

Past Dividends (per Share)

(Forecast)-->

	FY2016 (ended March 2017)	FY2017 (ended March 2018)	FY2018 (ended March 2019)	FY2019 (ended March 2020)	FY2020 (ended March 2021)	FY2021 (ended March 2022)	FY2022 (ended March 2023)	FY2023 (ended March 2024)	FY2024 (ended March 2025)	FY2025 (ended March 2026)
Interim Dividend	¥7.00	¥10.00	¥12.00	¥25.00	¥25.00	¥27.00	¥29.00	¥35.00	¥45.00	¥56.00 (Forecast)
Year-end Dividend	¥13.00	¥14.00	¥26.00	¥25.00	¥29.00	¥31.00	¥41.00	¥55.00	¥59.00	¥56.00 (Forecast)
Total	¥20.00	¥24.00	–	¥50.00	¥54.00	¥58.00	¥70.00	¥90.00	¥104.00	¥112.00 (Forecast)

(Note) The figure of End of Q2 dividend per share for FY2018 above indicates the amount before the consolidation of shares, and the total dividends per share for FY2018 is not presented (indicated by "–"). Taking into account the consolidation, the figure of End of Q2 dividend per share and total dividends per share for FY2018 are JPY 24.00 and JPY 50.00, respectively.