Dividend Information

Dividend Policy

Providing fair returns to our shareholders is a key management policy of the Sapporo Group. Our basic policy is to pay stable dividends to the extent permitted by our operating performance and financial condition.
As for the level of dividends going forward, the Company will take into account dividend payout ratio and DOE(*)while working to enhance its corporate value under the New Management Plan.
In the event that “profit attributable to owners of parent” fluctuates significantly due to temporary losses related to special factors or recording of profits, the dividend amount may be determined taking into account the impact of such fluctuations.

* DOE = Amount of dividends/Amount of capital (i.e., total equity attributable to owners of parent)

Fixed Date of Dividend Payout and Starting Date of Payout

	Year-end Dividend
Date of record	December 31
Payment date	The following business day of the Annual General Meeting of Shareholders

In case the board of Directors meeting decides to pay out interim dividends, the company pays out in late August or early September each year to shareholders registered as of June 30.

Historical Data on Dividends per Share

	Dividend per share (yen)	Dividend per share after adjustment (yen) (*)
FY2023	47
FY2022	42
FY2021	42
FY2020	42
FY2019	42
FY2018	42
FY2017	40
FY2016	37
FY2015	7	35
FY2014	7	35

* On July 1, 2016, the company carried out a share consolidation at a ratio of 1 share for 5 shares of the company's common stock.