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We consider the appropriate return of profits to shareholders to be an important management policy. Our basic policy is to return profits flexibly, taking into account capital efficiency, while securing growth investments that contribute to improving corporate value.
In May 2022, a change of dividend policy was resolved and disclosed as follows:

Notice of change to Dividend Policy and revision of Dividend Forecast (Increased dividend)(PDF:151KB)

Dividend transition

(Note 1) For the four years from FY2022 to FY2025, we pay dividends with a goal of a consolidated payout ratio of 100%.

(Note 2) The interim dividend for FY2023 includes a 90th anniversary commemorative dividend of 10.00 yen.