#ShareholderReturnPolicy

Formulated a medium-term management plan targeting sales of 100 billion yen and operating income of 10 billion yen over the four years from the fiscal year ending December 2026 to 2029. The shareholder return policy is based on progressive dividends aiming for a total return ratio of over 70%.

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.