Our fundamental policy is to enhance our corporate value by balancing payments of policyholder dividends to holders of participating policies and by making appropriate distributions of profits to shareholders with consideration paid to our cost of capital, all while securing our retained earnings, which are necessary for ensuring financial security in order for us to be able to respond to future changes in the economic environment and to maintain our growth strategy.

Our basic profit distribution method will be the stable payment of dividends. We seek to achieve a total payout ratio (Note 1) of around 30% over the medium term based on consolidated adjusted net income (Note 2), while seeking to increase profit distribution through profit growth. We intend to decide yearly dividends by taking into account factors including our consolidated and non-consolidated financial results, the market environment and any regulatory changes. We intend to examine whether to repurchase stocks by taking into account factors including our financial results and capital position.