Distribution of Profits

The Company strives to secure a stable management base and regards the return of profits to shareholders as an important management issue.

Our basic policy on profit distribution is to continue to pay appropriate and stable dividends based on a comprehensive assessment of business performance and overall management, while securing the internal reserves necessary for business development to sustain growth and to strengthen the management base.

In addition, the Articles of Incorporation stipulate that the Company may pay interim dividends, and the decision-making body for dividends is the Board of Directors for interim dividends and the General Meeting of Shareholders for year-end dividends.

Date of split	Ratio
June 10, 2012	1:100
June 1, 2016	1:2

　

	Status of stock repurchase	Increased treasury stocks	Decreased treasury stocks	Year-end treasury stocks
2016/2	34	-	-	34
2017/2	34	120	-	154
2018/2	154	178,200	-	178,354
2019/2	178,354	73,201	-	251,555
2020/2	251,555	-	-	251,555
2021/2	251,555	477,270	-	728,825
2022/3	728,825	-	-	728,825
2023/3	728,285	73	ｰ	728,898