Basic dividend policy

In its next medium-term plan covering the three years from the fiscal year ending March 31, 2026 to the fiscal year ending March 31, 2028, Yellow Hat set a shareholder return policy of targeting a payout ratio of 45% and total shareholder return of 100% or more, cumulative over three years.
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