Tsukishima Holdings strives to strengthen its financial constitution and management foundations. Its basic dividend policy is to maintain stable dividends while giving due consideration to matters such as trends in business results for each fiscal year, new investment, and the consolidated payout ratio.
Regarding the shareholder returns, we had initially set targets of a total return ratio of 50% or more and payout ratio of 40% or more. However, starting from the fiscal year ending March 2026, we newly adopted the Dividend on Equity (DOE) approach. The level of stable dividends will be set with minimum DOE of 3.5%, and a total return ratio of 50% or more.
These are part of Company efforts for stable returns, continuous increased dividends and flexible share repurchases.