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  4. Basic Policy on Profit Distribution

Basic Policy on Profit Distribution

The Company considers fulfillment of the return of profits as one of the important management measures to enhance shareholder value.
The Company’s basic shareholder return policy is a total shareholder return amount, which is the sum of dividend payouts and share buybacks, of approximately 30% of the profit before income tax expense attributable to Financial Services Business excluding extraordinary factors such as gain on sales of subsidiaries’stocks, for the time being.

Furthermore, with a minimum of JPY10 per share, the annual dividend is to be decided after a comprehensive consideration of the appropriate level of internal reserves required for sustainable growth, along with a consideration for the ongoing business performance.

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