For Individual Investors

4Dividend Policy

New Dividend Policy  We will endeavor to maintain a stable dividend and increase dividend per share, with a dividend payout ratio of 25% or more as a basic policy

The Company's dividend policy is to endeavor to maintain a stable dividend and increase dividend per share, targeting a consolidated dividend payout ratio of 25% or more.

For the fiscal year ended March 31, 2019, the Company plans to pay a year-end dividend of 50 yen per share. Including the previously paid interim dividend of 50 yen per share, dividends for the fiscal year ended March 31, 2019, will total 100 yen per share, an increase of 6 yen per share from the previous fiscal year.

From the fiscal year ending March 31, 2020, the Company will endeavor to maintain a stable dividend and increase dividend per share, with a dividend payout ratio of 25% or more as a basic policy to meet shareholders’ dividend expectations.

For the fiscal year ending March 31, 2020, the Company plans to pay annual dividends of 120 yen per share, consisting of an interim dividend of 60 yen and a year-end dividend of 60 yen per share, assuming that it earns 150.0 billion yen of consolidated profit for the year (attributable to owners of the parent), in line with its current forecast.