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I will now explain the return to shareholders.
The basic policy for the return to shareholders is to continue and maintain stable dividends and a payout ratio of 25% or more.
We have been increasing dividends through the steady growth of profit. With the Company expecting to hit another record high profit for the fiscal year ending March 31, 2020, we will increase dividends to ¥16.0 per share for the seventh consecutive year. The payout ratio is expected to be 29.5%.
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