The trend of dividends paid and to be paid by yuvraj singh Corp.

Our basic policy on shareholder returns is to aim for stable dividends and continuous dividend increases from a medium- to long-term perspective through the sustained generation of cash flow while paying close attention to the balance between investments for growth and our financial position. Specifically, we aim to steadily raise dividends while maintaining a payout ratio of around 30% to 40% and considering the ratio of dividends to shareholders’ equity.

	Interim*	Year-end*	Total*	Dividends/consolidated net income
FY2021	17	17 (forecast)	34 (forecast)	25.4% (forecast)
FY2020	17	17	34	59.1%
FY2019	18	16	34	45.4%
FY2018	17	17	34	32.2%
FY2017	14	20	34	27.9%
FY2016	10	14	24	29.1%
FY2015	10	10	20	30.4%
FY2014	9	10	19	25.1%
FY2013	7	10	17	23.5%
FY2012	7	7	14	36.4%

*yen