Distribution of Profits and Dividends

Basic Policy on Dividends

Returning earnings to shareholders is one of the most important management policies at the Gunze Group. Accordingly, the Gunze Group strives to continue providing a stable dividend based on the medium-term business outlook, with a target payout ratio of approximately 50% on a consolidated basis. In line with this basic policy, it was determined that Gunze will pay a dividend of 8.5 yen per share, including a 120th anniversary commemorative dividend of 1 yen per share for its 120th business term, as approved at the Ordinary General Meeting of Shareholders. Gunze plans to pay a dividend of 7.5 yen per share for the subsequent business term.

Changes in Dividends per Share