Dividends

Dividend Policy

The Company has positioned the distribution of profits to shareholders as a key management policy. Accordingly, it has set the progressive dividend policy of the dividend on equity (DOE) at 2.5% or higher for the period of the 25-27 Medium-term Management Plan. DOE will be determined based on the Company’s consolidated financial results with comprehensive consideration for strengthening of the financial standing, stabilization of the management base, and development of future business.

Dividend on Equity (DOE)

This is the numerical value derived by dividing total dividends by net assets, and is used as a management indicator to measure how much a company is returning to shareholders in the form of dividends relative to capital in terms of investment by shareholders, and net assets, the accumulation of profit gained through business. DOE can also be calculated by multiplying return on equity (profit^* divided by net assets) with the dividend payout ratio (total dividend amount divided by profit*). (The amount of net assets used for this calculation is the amount excluding non-controlling interests from the net assets section of the balance sheet.)

* Profit is stated as profit attributable to owners of the parent.