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.
About policy on returns to shareholders, we aimed for total payout ratios of 50% or more and payout ratios of 40% or more. Furthermore, the target dividend return ratio for FY2024 will be expanded to 50% or more by further expansion of cross-shareholdings reduction and revising the timing of capital investments under consideration. These are part of Company efforts for stable returns, continuous increased dividends and flexible share repurchases.