Basic Policy on Shareholder Returns

The Company believes that the stable payment of dividends toward the future in response to the shareholder mandate is an essential management policy.

The Company’s basic policy is to pay dividends of surplus twice each fiscal year in the form of interim and year-end dividends. The Board of Directors of the Company is the decision-making body for these dividends of surplus.

The Company plans to use internal reserves for effective investments aimed at improving and strengthening management foundations so that it can compete in an increasingly intense retail industry.

The forecasts and projected operating results contained in this report are based on information available at the time of preparation, and thus involve inherent risks and uncertainties.
Accordingly, readers are cautioned that actual results may differ materially from those projected as a result of a variety of factors.