Basic Policies for Profit Sharing

As for profit sharing at the Company and its subsidiaries and affiliates, our policy is to pay dividends to shareholders according to the consolidated business performance of the Company and its subsidiaries and affiliates in view of enhancing the corporate constitution from a long-term, comprehensive perspective, in consideration of retained earnings to prepare for rolling out businesses in the future.

Maintaining ROE around 10%
Shareholder returns: Aiming for total return ratio of 40% or more over 3 years while maintaining stable dividends

Note: Policy during the Medium-Term Management Plan "GOOD FOODS Recipe2" covering FY2025 to FY2027

Dividends

FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Result Result Result Result Result Forecast
Interim dividend 4.00 6.00 8.00 10.00 12.00 14.00
Final dividend 5.50 8.00 10.00 14.00 16.00 14.00
Annual dividend per share 9.50 14.00 18.00 24.00 28.00 28.00
Payout ratio(%) 20.5% 25.2% 26.4% 31.3% 34.3% 34.8%
[Figure] Graph of Annual dividend per share and Payout ratio