Basic dividend policy

Placing importance on consolidated result-based profit returns from a mid- to long-term perspective, Yellow Hat’s basic dividend policy is to continue to pay stable dividends, with a target consolidated payout ratio of 30% or more, while taking into consideration such factors as consolidated financial results, financial position, and investment plans.
It is Yellow Hat’s basic policy to pay dividends of surplus twice a year in the form of an interim dividend and a year-end dividend. The dividend decision-making body is the Board of Directors for both interim dividends and year-end dividends.

History of dividends