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Next is "measures for shareholder return."
We have specified dividend policies to maintain stable dividends and achieve a target dividend payout ratio of 25% or more.
With the aim of improving shareholder satisfaction and the ratio of stable shareholders, we will enhance special benefit measures by presenting catalog gifts to shareholders who own our shares for three years or more, in principle, according to the number of shares they own, through which they can choose Tokyu Hands products, tickets for using the resort facilities of the Tokyu Fudosan Holdings Group and other items.
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