Basic Policy on the Distribution of Earnings and Cash Dividends

Lion considers returning profits to shareholders on an ongoing and stable basis by increasing its consolidated earnings capacity to be one of its most important management issues. Our basic policy is to achieve progressive dividends* while aiming for a consolidated payout ratio of around 30%, and it strives to realize increased dividends through improved profit. Lion bases the acquisition of treasury stock on comprehensive reviews of the appropriate levels of internal reserves, etc., required to secure medium- and long-term growth. We allocate internal reserves to research and development, capital investment in production facilities and the acquisition of external resources, aiming to reinforce the Company’s growth potential and to develop a sustainable business foundation.

* Progressive dividends: As a rule, the Company will not decrease dividends, but instead maintain or increase them.

Dividends Per Share