Our fundamental policy is to enhance our corporate value, balancing payment of policyholder dividends to holders of participating policies and appropriate distribution of profits to shareholders with paying attention to the cost of capital, while securing retained earnings which are necessary for ensuring financial soundness for future environmental changes and our growth strategy.

We seek to realize stable returns to shareholders over the mid- to long-term, and attach importance to factors such as a dividend payout ratio. Specifically, we intend to decide a dividend level, seeking to achieve a dividend payout ratio around 20-30% based on our consolidated adjusted net income, while taking into account factors including consolidated and non-consolidated financial results, market environment and regulatory changes.