Action to Implement Management that is Conscious of Cost of Capital and Stock Price

 Regarding action to implement management that is conscious of cost of capital and stock price, the company calculated the group’s cost of capital using the CAPM method, analyzed and recognized it at the board of directors' meeting. The minimum target for ROE during the medium-term management plan "One2025" (fiscal years ending March 2024 to March 2026) is set at 10% or higher, and the capital profitability of the company in the fiscal year ended March 2024 exceeded the investors' expected rate of return.

We recognize that growth potential and investment efficiency are essential for enhancing the corporate value, and we will continue to strive to maintain a high level of ROE that exceeds the capital cost.

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