Dividends

　The Company views increasing long-term and comprehensive profits to shareholders as an important management goal. Based on the medium- to long-term business plan, the Company’s basic policy is to maintain stable dividends with a target payout ratio of 30%, while considering the market environment and capital investment timing, ensuring internal reserves for reinvestment, and comprehensively taking into account financial position and profit levels.

　Since dividends were paid based on the financial results excluding the impact of recording a provision for loss on repurchases (extraordinary loss) associated with container repurchases in the year ended December 31, 2019 (the Company’s 25th fiscal year), dividends in the year ended December 31, 2021 (27th fiscal year) were calculated based on the financial results excluding the impact from the reversal of provision for loss on repurchases (extraordinary income), which is the reversal of the above extraordinary loss, just as in the year ended December 31, 2020 (26th fiscal year).

Last 5 years dividends

End-of-term registration deadline for dividend payment：December 31

	Interim	Year-End	Annual	Payout ratio
For the year ended December 31, 2024(forecast)（30th fiscal year）	0 yen	77 yen	77 yen	31.7%
For the year ended December 31, 2023（29th fiscal year）	0 yen	77 yen	77 yen	34.6%
For the year ended December 31, 2022（28th fiscal year）	0 yen	69 yen	69 yen	30.3%
For the year ended December 31, 2021（27th fiscal year）	0 yen	47 yen	47 yen	18.7%
For the year ended December 31, 2020（26th fiscal year）	0 yen	31 yen	31 yen	17.6%
For the year ended December 31, 2019（25th fiscal year）	0 yen	40 yen	40 yen	-
For the year ended December 31, 2018（24th fiscal year）	0 yen	46 yen	46 yen	31.6%

(Note) Breakdown of the year-end dividends for the fiscal year ended December 31, 2023:
Ordinary dividends: ¥67.00
Commemorative dividends (for the 20th anniversary of the Company’s stock listing): ¥10.00