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Dividend & Dividend Policy

Dividend

(yen)

  Interim Year-end Full year
Fiscal Year Ending March 31, 2023 (Plan) (Plan) 15.0 (Plan) 15.0 (Plan) 30.0
Fiscal Year Ended March 31, 2022 10.0 15.0 25.0
Fiscal Year Ended March 31, 2021 10.0 10.0 20.0
Fiscal Year Ended March 31, 2020 20.0 10.0 30.0
Fiscal Year Ended March 31, 2019 20.0 20.0 40.0

Dividend Policy

One of our important management policies is to provide "stable shareholder returns" to our shareholders. In the MTP2026, our policy is to pay stable and continuous dividends to shareholders, targeting a dividend payout ratio of 30 to 50%. We also recognize the option of share repurchases as a flexible capital policy method. We intend to conduct share buybacks in an appropriate and flexible manner, taking into consideration our cash position and stock market trends, etc. We aim to achieve a total return ratio of 50% for the MTP2026 period, including dividends and share buybacks. We will make appropriate decisions on the implementation of these measures, taking into consideration our financial position and other factors.