Basic Policies for Profit Sharing

Regarding the distribution of profits of Nissui Group, the basic policy is to return profits to shareholders by the consolidated financial results of Nissui Group in response to changes in the business environment while also paying attention to strengthening the corporate structure from a long-term and comprehensive perspective and retaining internal earnings in preparation for business development in fields where future growth is expected.
In the Medium-Term Management Plan "GOOD FOODS Recipe2," the Company has set a target of "a total return ratio of 40% or more over 3 years while maintaining stable dividends." As a basic dividend policy, the company distributes surplus twice a year in the form of interim and year-end dividends. The Company's Articles of Incorporation stipulate that the Board of Directors may resolve both interim and year-end dividends.

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% -
Total return ratio(%) - - - - - Approx. 68%
[Figure] Graph of Annual dividend per share and Payout ratio