■ Basic Policy on Profit Distribution (Dividend Policy)

BOOKOFF GROUP HOLDINGS LIMITED recognizes the distribution of profits as one of the most important management issues, and we intend to effectively utilize internal reserves for strategic investments that will lead to future improvements in corporate value and for strengthening our financial position.
In addition, our basic policy is to continue to pay stable dividends, with a payout ratio of around 20-30% of consolidated net income as a guide.

Dividend payment	FY2015/3	FY2016/3	FY2017/3	FY2018/3	FY2019/3	FY2020/3	FY2021/5	FY2022/5	FY2023/5	FY2024/5	FY2025/5 (Forecast)
Dividend per share	¥25	¥25	¥10	¥10	¥15	¥6	¥6	¥20	¥25	¥25	¥25
Dividend payout ratio (consolidated)	335.1%	—	—	—	13.4%	43.6%	66.4%	24.4%	17.8%	29.0%	23.5%

^*Figures shown through FY2018/3 are for BOOKOFF CORPORATION LIMITED.