For Individual Investors

4Dividend Policy

We will endeavor to maintain a stable dividend and increase dividend per share, targeting a consolidated dividend payout ratio of more than 25%

The Company's dividend policy is to endeavor to pay stable dividends on an ongoing basis and increase its dividend per share, targeting a consolidated dividend payout ratio of 25%.

For the fiscal year ended March 31, 2018, the Company plans to pay a year-end dividend of 49 yen per share. Including the previously paid interim dividend of 45 yen per share, dividends for the fiscal year ended March 31, 2018, will total 94 yen per share, an increase of 24 yen per share from the previous fiscal year.

For the fiscal year ending March 31, 2019, the Company plans to pay annual dividends of 100 yen per share, consisting of an interim dividend of 50 yen and a year-end dividend of 50 yen per share, assuming that it earns 140.0 billion yen of consolidated profit for the year (attributable to owners of the parent), in line with its current forecast.