Central Steel Sheet ($5461) Shareholder Return

As for profit distribution, the basic policy is to implement elastic dividends that correspond to business performance while paying attention to stable dividends. For the dividend of March 2024, we aim for the larger of a stable dividend of "60 yen per share annually" and an elastic dividend that corresponds to business performance with a dividend payout ratio of 35.0% (an increase of +5.0% compared to the 21 midterm management plan), and set the annual dividend per share at 91.0 yen (a dividend payout ratio of 35.1%). Regarding the dividend for March 2025, the policy is to achieve both stable dividends and growing dividends due to growth with the aim of DOE 3.5% in the 24 midterm management plan, with a semi-annual dividend of 50.0 yen and a year-end dividend of 51.0 yen, for a total annual dividend of 101.0 yen, with a dividend payout ratio expected to exceed 44.8% and 40%.

(Writer: FISCO analyst Tomoichi Murase)