Dividends

Basic Policy for Profit Distribution
and Cash Dividends for FY2025 and FY2026

On February 13, 2025, we announced our medium-term management plan (2025–2027) (hereinafter, "Medium-Term Management Plan"). In this plan, we have positioned shareholder returns as one of our top management priorities and have decided to revise and strengthen our existing shareholder return policy. Specifically, during the period of the Medium-Term Management Plan, we will adopt a progressive dividend policy, with a minimum dividend of 100 yen per share in the first year, and thereafter we will maintain or increase the dividend. In addition, we will also consider flexible purchase of treasury stock, aiming to achieve a total return ratio of 40% over the MTMP period.

Based on the above policy, and given various factors, including our performance and financial position, the board of directors resolved at their meeting on February 12, 2026 to pay a year-end dividend planned for the fiscal year ended December 31, 2025 of 50 yen per share and to submit this proposal to the general meeting of shareholders to be held on March 26, 2026. As a result, the annual dividend including the 50 yen interim dividend will be 100 yen per share, 15 yen higher than in the previous period. In addition, the board of directors resolved at their meeting on October 14, 2025 to purchase treasury stock, and carried out the purchase during the period from October to December 2025. As a result, the total return ratio for fiscal year 2025 was 42.1%.

The planned dividend for the fiscal year ending December 31, 2026 is 104 yen per share per annum (consisting of the interim dividend of 52 yen per share and the year-end dividend of 52 yen per share), under the above-mentioned progressive dividend policy. In addition, given our performance and financial position of the fiscal year, we will also consider flexible purchase of treasury stock.