Change in Profit Distribution Policy and Dividend Forecast for 2027 | May 12, 2026

Change in Basic Profit Distribution Policy

At the Board of Directors meeting held on May 12, 2026, our company decided to revise its basic profit distribution policy to enhance capital efficiency and strengthen shareholder returns. The payout ratio will be increased from 35% to 40%, and a progressive dividend policy aimed at maintaining or increasing dividends will be introduced. This aims to further reinforce returns to shareholders and enhance corporate value.

Dividend Forecast for Fiscal Year Ending March 2027 and Future Outlook

The dividend per share for fiscal year ending March 2027 is projected at 80 yen, an increase of 12 yen year-over-year. The end-of-period dividend is scheduled at 40 yen, up from 34 yen in the previous year. The payout ratio will be set at 40%, clearly indicating a commitment to stable shareholder returns and mid- to long-term profit sharing. Going forward, we will continue emphasizing dialogue with the market and strive for sustainable growth in corporate value.