Shareholder Returns

Basic Shareholder Return Policy

The Group aims to realize sustainable growth by continuously increasing the satisfaction of allstakeholders including shareholders in the long-term perspective through enriching the lives and cultures ofpeople throughout the world.
The Company’s basic policy for dividends is to maintain stable dividend, while also taking into accountensuring a solid business foundation over the long term.
Therefore, in the period covered by the current medium-term management plan (2021 to 2023), theCompany sets the current dividend (annual dividend is ¥90) at the lowest price. However, the dividend maybe reviewed according to business results. While the basic policy is providing stable dividends, the Companywill work on shareholder returns through measures such as the agile purchase of treasury shares incomprehensive consideration of various factors such as cash flow and internal reserves.
The Company’s policy for internal reserves is to use them for capital expenditure in our flagship businessesand prospective business fields as well as research and development that can contribute to future profitgrowth.