Furukawa places great importance on improving returns of profits to all shareholders. Our basic policy is to policy on dividends after comprehensive consideration of various factors, We will consider increasing annual dividends and paying interim dividends, prioritizing investments to achieve sustainable growth and enhance corporate value over the medium to long terms. In principle, we aim to pay annual dividends of ¥50.00 per share or higher with a consolidated total return on capital of at least 3%.

We will consider share buybacks and cancellations from time to time, taking into account trends in stock prices, capital efficiency, cash flows, and other factors. We will aim for share buybacks of approximately ¥1 billion each fiscal year.

With regard to reducing strategic shareholdings, each year we carefully examine the purpose of our holdings and whether the benefits and risks associated with each holding are commensurate with the cost of capital. At the same time, the appropriateness of continuing to hold shares after a comprehensive review that includes both qualitative and quantitative aspects.We will strive to reduce holdings of shares deemed to be no longer necessary by selling them as appropriate.We will continue disclosing the ratio of strategic shareholdings to consolidated net assets as an indicator of our progress in reducing such shareholdings.

Nothing in particular is being offered at present.