Dividend Policy
The Company’s basic policy is to maintain a sufficient level of shareholders’ equity necessary to ensure the timely and reliable seizure of business opportunities, with the aim of achieving sustainable growth and increasing the corporate value of the Group. Under the 2025–2027 Medium-Term Management Plan, the Company aims to implement management that is conscious of the cost of capital and stock price and sets our basic policies of introducing progressive dividends, flexibly implementing the acquisition of treasure shares with a view to strengthening shareholder returns.
The Company’s Articles of Incorporation provide that unless otherwise stipulated, the matters set forth in each item of Article 459, Paragraph 1 of the Companies Act, such as dividends of surplus, shall be determined by resolution of the Board of Directors, not by resolution of the general meeting of shareholders. In principle the Company pays dividends twice each year: interim and year-end dividends.