Notes on use
In case of that a correction such as a financial report
Is announced, the contents of the data will not be reflected immediately

	Dividend per share	Pay out Ratio
FY07/2017	2.5 yen (Ordinary dividend 2.5 yen)	13.0％
FY07/2018	3.25 yen (Ordinary dividend 3.25 yen) (Special dividend 1.0 yen)	22.7％
FY07/2019	3.0 yen (Ordinary dividend 3.0yen)	20.0％
FY07/2020	3.25 yen (Ordinary dividend 3.25 yen)	15.1％
FY07/2021	3.5 yen (Ordinary dividend 3.5 yen)	13.1％
FY07/2022	3.75 yen (Ordinary dividend 3.75 yen)	12.7％
FY07/2023	4.0 yen (Ordinary dividend 4.0 yen)	11.2％
FY07/2024	6.0 yen (Ordinary dividend 6.0 yen)	13.3％
FY07/2025(forecast)	7.0 yen (Ordinary dividend 7.0 yen)	15.1％

(note) The Company conducted a 2-for-1 stock split of its common stock on February 1, 2018, February 1, 2022 and August 1, 2024.
Dividend per share described above is based on number of shares after the conversion.
Therefore, for the fiscal year ending July 31, 2024, the dividend will effectively be increased by 4 yen per common share from the previous fiscal year.