Return to shareholders and Dividends

Dividend Policy

The Company prioritizes investments in the maintenance and renewal of manufacturing facilities that contribute to the stable supply of products, as well as stable returns to shareholders, while conducting optimal capital allocation that takes into account strategic investments and financial soundness. For shareholder returns, the Company targets a DOE (dividend on equity) of 5% and implements a policy of stable dividends.

The internal reserve will be used for capital investments and R&D investments that contribute to the development of growth businesses and the sustainable expansion of profits. The internal reserve will also be used for measures to improve financial strength.