The Company’s dividend policy is to aim for stable dividends with a payout ratio of 40% based on profit attributable to owners of parent, taking into consideration the overall need for further returns to shareholders and internal reserves for the execution of flexible management measures. In addition, in order to implement a flexible capital policy in accordance with changes in the business environment, the Company intends to take a positive approach to its acquisition of treasury shares.
The Company’s basic policy is to pay dividends of surplus twice a year as an interim dividend and as a year-end dividend. The bodies which determine these dividends of surplus are the General Meeting of Shareholders for year-end dividends, and the Board of Directors for interim dividends.