#ShareholderReturn

From the fiscal year ending November 2026, the dividend policy will be revised from a consolidated payout ratio of over 35% to a basis of the higher between 45% or a DOE (Dividend on Equity) of 3.5%, aiming for stable dividends with an emphasis on capital efficiency.

Komatsu cancelled 20,612,500 shares of treasury stock (2.2% of the total outstanding shares) on December 29, 2025, reducing the total number of issued shares to 930,340,620 shares.

At the Board of Directors meeting held on December 25, 2025, the Company resolved to cancel 17,687,400 shares (5.47% of the total issued shares) of treasury stock on January 22, 2026.

Kokuyo Co., Ltd. canceled 22,000,000 shares of treasury stock (4.75% of total issued shares) as of 2025-12-25, resulting in a total of 440,969,852 shares issued.

Ajinomoto Co., Inc. announced that at the Board of Directors meeting on December 24, 2025, it resolved to cancel 27,902,000 shares of treasury stock, scheduled to be executed on January 26, 2026.

HOYA Corporation has announced plans to cancel 4,708,300 shares of treasury stock on January 9, 2026, aimed at improving capital efficiency and enhancing shareholder returns.

Zeon Corporation resolved at the Board of Directors meeting held on December 23, 2025, to cancel 6,000,600 shares of treasury stock (2.79% of total issued shares), scheduled for implementation on January 7, 2026.

Kao Corporation plans to cancel 12,300,000 shares of treasury stock on December 26, 2025, resulting in a total of 453,600,000 shares outstanding.