Dividends

In order to maintain the stability of dividends and the appropriate distribution of earnings to shareholders, USS has established a consolidated dividend payout ratio target as a policy for paying a dividend that reflects results of operations. Currently, the basic policy is to pay a dividend that results in a consolidated payout ratio of at least 60%.

Dividend Per Share (Yen)

Interim Year-end Annual
FY2026(forecast) 27.5 27.5 55.0
FY2025 25.2 29.5 54.7
FY2024 20.6 22.8 43.4
FY2023 17.35(34.7) 20.35(40.7) 37.7(75.4)

*There was a 2-for-1 split of common stock on April 1, 2024. Dividends per share in this presentation have been adjusted to reflect this stock split.
*Dividends in parentheses are the amounts before adjustments for the stock split.