Dividend

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Policy on Shareholder Returns

We plan to continue increasing our returns to shareholders, which focus on augmenting earnings per share (EPS) through sustainable growth and our commitment to raising dividends to meet our commitment of a dividend payout ratio in excess of 40%.

Dividends per Share

The dividend for the fiscal year ended March 31, 2024, will amount to ¥140 per share, up 3.7% from the previous year. For the fiscal year ending March 31, 2025, we plan to pay out ¥145 per share, up 3.6% year on year.

Dividend History

As of May 10, 2024

Fiscal Year	Dividends per Share (Yen)
Fiscal Year	Interim	Year-end	The full-year
FY2025.3 (E)	70	75	145
FY2024.3 (E)	70	70	140
FY2023.3	65	70	135
FY2022.3	60	65	125
FY2021.3	60	60	120
FY2020.3	55	60	115
FY2019.3	50	55	105
FY2018.3	45	45	90
FY2017.3	40	45	85
FY2016.3	35 (includes a commemorative dividend of 5)	35	70	a 1:3 stock split on common stock, with an effective date of April 1, 2015.
FY2015.3	80	90	170
FY2014.3	60	70	130	a 1:2 stock split on common stock, with an effective date of April 1, 2013.
FY2013.3	8,500	95	-	a 1:100 stock split on common stock, with an effective date of October 1, 2012.
FY2012.3	7,500	8,500	16,000
FY2011.3	6,500	7,500	14,000
FY2010.3	6,500 (includes a commemorative dividend of 1,000)	6,500	13,000
FY2009.3	5,500	5,500	11,000
FY2008.3	5,000	5,500	10,500
FY2007.3	4,500	5,000	9,500
FY2006.3	3,500	4,500	8,000
FY2005.3	3,400 (includes a commemorative dividend of 1,000)	3,500	6,900
FY2004.3	1,200	2,400	3,600
FY2003.3	895	1,200	2,095
FY2002.3	895	895	1,790
FY2001.3	895	895	1,790