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Paid and Planned Dividends

Basic Policy on Shareholder Returns

When returning profits to shareholders, it is assumed that the Company will secure the internal reserves necessary to enhance our shareholder value through the stable development of the redevelopment business, the building business, and other businesses of the Company over the long term. For shareholder returns from fiscal 2024 to fiscal 2026, the Company has set a basic policy of maintaining a consolidated dividend payout ratio of 50%, in consideration of the cost of shareholders’ equity, capital efficiency, and other factors. The Company also plans to flexibly implement share buybacks, taking into account factors such as stock price levels, investment plans, and financial condition.

Paid and Planned Dividends

Paid and Planned Dividends

2023/03 2024/03 2025/03 2026/03
(Forecast)		 2027/03
(Forecast)
dividend per share (ordinary dividend) (Yen) 52.0 58.0 71.0 82.0 At least \80.0
dividend per share (special dividend and others) (Yen) 0 25.0 15.0 15.0 \15.0
consolidated dividend payout ratio (ordinary dividend only) (%) 40.9 49.1 50.2 50.6 -

Note: The forecasts and other forward-looking statements in this report are based on available information and certain assumptions considered reasonable at the time of disclosure. Accordingly, the Company offers no guarantee that such forecasts will be achieved. Results in the future may differ significantly from the forecasts due to changing business conditions or other factors.Since the Company conducted a 2-for-1 stock split effective from July 1, 2025, the above indicators take this stock split into account.

The Status of Own Shares Repurchases

Period for repurchases Method of repurchases Total number of shares to be acquired Aggregate amount of acquisition cost
From February 2, 2026, to March 19, 2026 Acquisitions on the Tokyo Stock Exchange  406,300 shares 999,833,381 yen
June 10, 2024 The shares were acquired through the Tokyo Stock Exchange Trading Network for off-floor share repurchases (ToSTNeT-3) 2,400,000 shares 9,048,000,000yen
From May 2, 2022 to August 23, 2022 Acquisitions on the Tokyo Stock Exchange 646,100 shares 2,499,817,973 yen
From February 1, 2022 to February 24,2022 Acquisitions on the Tokyo Stock Exchange 126,300 shares 499,963,500 yen
From May 20, 2021, to November 8, 2021 Acquisitions on the Tokyo Stock Exchange 510,300 shares 1,999,994,960 yen
From February 1, 2021, to March 2, 2021 Acquisitions on the Tokyo Stock Exchange 276,100 shares 999,840,000 yen
From May 1, 2020, to September 4, 2020 Acquisitions on the Tokyo Stock Exchange 349,800 shares 999,837,968 yen
From April 26, 2019, to October 31, 2019 Acquisitions on the Tokyo Stock Exchange 800,000 shares 1,947,844,658 yen
From April 27, 2018, to July 13, 2018 Acquisitions on the Tokyo Stock Exchange 1,200,000 shares 2,597,561,181 yen