Shareholder Return Policy

We recognize that delivering returns to shareholders is a key management priority. Until the fiscal year ended December 2024, we had focused on reinvesting profits to drive business growth, reflecting our continued position in a growth phase. This strategy enabled us to achieve significant increases in both revenue and earnings since our listing.Having now entered a phase of stable profitability, we believe we are well-positioned to begin providing consistent and sustainable shareholder returns. While doing so, we remain firmly in a growth stage and will continue to invest proactively to drive further business expansion. As a result, we have decided to initiate dividend payments from retained earnings for the first time.Our fundamental policy is to pursue both long-term earnings growth and shareholder returns. We aim to offer progressive dividends with a target payout ratio of 30%*, increasing dividends in line with profit growth.Retained earnings will continue to be allocated to strategic growth investments that enhance our corporate value, while maintaining a sound financial position. Should investment opportunities fall short of expectations, we may also consider flexible share buybacks.In principle, we plan to pay dividends annually at fiscal year-end (record date: December 31), subject to approval at the General Meeting of Shareholders. Additionally, our Articles of Incorporation authorize interim dividends (under Article 454, Paragraph 5 of the Companies Act) to be paid by resolution of the Board of Directors, with June 30 as the record date.

*The dividend payout ratio is calculated based on non-GAAP net income, adjusted for extraordinary gains and losses as well as one-time items such as non-recurring tax effects including the Open Innovation Tax Credit.