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Continuing stable dividend distribution, we have flexibly returned our profits supported by our performance based on our basic policy of profit distribution. With medium term targets of a consolidated dividend payment ratio of 20%, at the turning point in business development, a commemorative dividend was also declared.
On April 1, 2017, we declared a stock split of three shares for one share. The annual dividend for the next fiscal year shown represents the amount after the stock split, which is 102 yen per share, if calculated on pre-stock-split basis.