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We recognize that the distribution of profits to shareholders is an important part of our management policy, and distribute stable profits while ensuring the soundness of operations.

Shareholder Return Policy. Stable growth in dividends. Determine the shareholder dividends considering earning prospects, financial soundness and the balance between shareholder and policyholder dividends. Aim for a steady increase in dividends per share through the year ending March 31, 2018, while maintaining a dividend payout ratio within the range of roughly 30 to 50% of our consolidated net income.

Dividends Per Share

Interim dividend

It is stipulated in our Articles of Incorporation that an interim dividend may be provided with the record date of September 30 of each year. However, we plan to provide a dividend once a year with the record date of March 31 of each year after thoroughly considering the business results.

Shareholder benefits

We have no shareholder benefit plans. This is based on a policy of rewarding shareholders with distribution of surplus in the form of dividends or through increasing our corporate value and stock value.