■Shareholder return policy

Hagiwara Electric Holdings ＜7467＞ is implementing dividends as a shareholder return measure. The basic dividend policy is 30% as a guide, and based on this policy, dividends have continued to increase to 100 yen (dividend payout ratio 30.8%) per year for the fiscal year ending 2022/3, 155 yen (same 27.9%) for the fiscal year ending 2023/3, and 185 yen (same 40.3%) since business performance was strong for the fiscal year ending 2024/3. From the 2025/3 fiscal year, the approximate dividend payout ratio has been changed to 30 to 40% in accordance with the “MNV2026” calculation target. Based on this policy, the same amount of 185 yen (same 40.1%) is planned, the same amount as the previous fiscal year, but it seems likely that dividends will increase depending on future results.

(Written by FISCO Visiting Analyst Noboru Terashima)