Dividend

The Company's basic policy on the determination of dividends from retained earnings, etc. is to provide stable and continuous returns to shareholders while comprehensively taking into consideration the need to secure the internal reserves necessary for future growth and the status of cash flows.
Under the Medium-Term Business Strategy "CS B2024" ended in FY2024, while making prior investments for the future, we have set the minimum annual dividend at 68 yen per share and consider additional shareholder returns, including an increase in the dividend level, depending on performance and other factors. In addition, the Company have committed to conducting share repurchases in a flexible manner.
Under the Medium-Term Business Strategy "CS B2027," which began in FY2025, we plan to further strengthen shareholder returns by continuing the trend of dividend increases and stability established thus far. We will provide a minimum annual dividend of 100 yen per share, aiming for a payout ratio of 40%. Additionally, we plan to repurchase a total of 60 billion yen of our own shares during the CS B2027 period. Furthermore, we will consider additional returns based on performance and other factors.