We are committed to enhancing long-term shareholder value through business growth, while maintaining stable earning power that enables us to consistently pay dividends linked to business performance, with a basic payout ratio of 65% or higher. To clearly demonstrate our commitment to stable dividends, we have adopted DOE (Dividend on Equity) in addition to the payout ratio.

Dividend Policy

Whichever is higher: Payout ratio of 65% or more, or DOE (Dividend on Equity) of 10% or more

※ FY2025 dividend of ¥111.00 consists of an ordinary dividend of ¥67.00 and a special dividend of ¥44.00.