Return to Shareholders (Dividends, etc.)

Basic Policies Regarding Distribution of Profits and Dividends

Based on the long-term vision “GROUP VISION 2030,” which began in the fiscal year ended March 31, 2022, the Company will increase earnings per share over the medium to long term through growth investment, such as medium- and long-term business development including development in the Greater Shibuya area, and increase shareholders’ value while maintaining a basic policy of returning profits created to our shareholders. Regarding the return of profits, the Company is targeting a dividend payout ratio of 30% or more for the time being and will strive to continue providing stable dividends while comprehensively taking into consideration our business results, future business environment, financial condition and other factors.

Profit attributable to owners of parent for FY2023 was ¥68.5 billion. After considering that this amount exceeds the full-year forecast of ¥62.0 billion announced in May 2023 and taking into account the outlook for the business environment, the Company increased the year-end dividends by ¥3.0 per share from the existing forecast to ¥17.0 per share, making annual dividends of ¥31.0 per share at a dividend payout ratio of 32.2%. For the FY2024, the Company plans to pay second quarter-end dividends of ¥16.0 per share and year-end dividends of ¥16.0 per share for total annual dividends of ¥32.0 per share with the dividend payout ratio of 32.6%.

Changes to Dividend per Share

There were no stock splits during above period.

Acquisition of Treasury Stock, etc.

Fiscal 2023