We have based our policy regarding the appropriation of profits on expanding shareholders' interest in medium to long-term perspective while maintaining the consecutive dividends.

Regarding forecasts of dividends for FY2023, based on a comprehensive analysis of financial forecasts for FY2023 and medium to long-term balance situation and financial and other factors, we plan to pay a dividend of \25.0 per common share. In the past we have been paying dividends twice a year, an interim dividend and a year-end dividend. However, in consideration of the uncertainties in the external environment surrounding electric power business, including trends in fuel prices and wholesale electricity market prices, we will not pay an interim dividend, but will instead pay a year-end dividend once a year.