Distribution of Profits and Dividends

Returning earnings to shareholders in a stable and continuous manner is one of the most important management policies at the Company. We will provide a dividend with a target dividend on equity ratio (DOE) at 4.0% or over. In addition, in pursuit of sustainable enhancement of our corporate value, we will flexibly carry out shareholder return (special dividends / share buybacks) with a payout ratio exceeding 100% until our consolidated ROE becomes 8% or higher.
The Company's basic policy is to pay a year-end dividend of surplus once a year. The decision-making body for the distribution of surplus is the general meeting of shareholders. Under the policy on shareholder return that has been changed, the dividend for the current fiscal year was decided to be 390 yen per share, consisting of an ordinary dividend of 289 yen per share plus a special dividend of 101 yen per share.