■Japan Living Guarantee Shareholder Return Policy ＜7320＞

Regarding return of profits to shareholders, the basic policy is to continue stable dividends while strengthening the management base in response to changes in the business environment and securing internal reserves necessary for future business development. Based on this basic policy, the dividend for the fiscal year ending 2024/6 was increased by 5.00 yen for the fiscal year ending 2023/6 to 15.00 yen (consolidated at the end of the period). The payout ratio is 7.7%. The dividend forecast for the fiscal year ending 2025/6 is undecided, and it is said that it will be promptly disclosed when dividend forecasting becomes possible. We believe that in the future, we can expect an increase in dividends and an increase in dividend payout ratio as business performance expands.

(Author: FISCO Visiting Analyst Masashi Mizuta Exhibition)