In order to improve capital efficiency and strengthen profitability along with our key management goal of returning profits to shareholders, we have adopted the shareholder return policy with the total payout ratio set at 100% as the benchmark (including a dividend payout ratio of 50%) for the fiscal years ending March 31, 2023 and ending March 31, 2024 for the duration of the Mid-Term Management Plan period (fiscal year ending March 31, 2022 to March 31, 2024).
* We plan to revise the total payout ratio after the end of the above period.