Medium-Term Management Policy 2028

Goals of the Medium-Term Business Plan 2028

Under the following four business themes, we will take on the challenge of fulfilling our purpose of "Building a happy and fulfilling future while staying attuned to people and society" in order to achieve our core principle of "unifying business and morals"; that is, to enhance our corporate value in both social and economic terms. To this end, we will continue to value our face-to-face interaction with our customers as well as improving digital technology to support such interaction.

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Four Business Themes

Explore New Businesses

Create new social values for the future

• ･ We will actively harness both internal and external resources to develop new businesses that address social challenges and generate meaningful social value.

Expand to Related Businesses

Create new customer value through business model transformation

• ･ We will evolve our existing businesses to venture into new fields that promote a happy and fulfilling lifestyle, ensuring fresh value for those we serve.

Excel in Our Existing Businesses

Build strong relationships with customers to increase customer value

• ･ We will utilize advanced technologies across our existing businesses to quickly and flexibly provide products and services that align with customer expectations, adding value to their experience.

Solidify Our Business Base

Building a foundation that will serve as a driving force for economic and social value creation

• ･ We will encourage a change in the mindset of employees by providing an environment in which they are willing to learn. We will also foster a corporate culture that values employees' innovative ideas and actions based on them.

Measure to Achieve Capital Cost- and Stock Price-Conscious Business Management

Develop strategies to increase our corporate value (Realize business management that pays close attention to capital cost and stock price)

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Consolidated Financial Targets

Financial Strategies

We will raise funds to support proactive growth investing and also promote shareholder returns with an eye to optimizing shareholders' equity.

Financing

• Reduce strategic shareholdings and utilize financial assets to secure funds to support growth investing

Revising shareholder return policy

• Shareholder return policy

In addition to paying dividends, we will flexibly repurchase stocks, while giving priority to investment in growth areas and taking into account our financial situation.

• Reviewing dividend policy

The dividend will be the higher of either a dividend payout ratio of 60% or a dividend on equity (DOE) of 3.0% (up from the previous DOE of 2.5%).

Sustainability Strategies

Initiatives to co-create value with stakeholders and improve credibility

Pursuit of corporate sustainability

• • Improve the soundness and transparency of corporate management by carrying out initiatives to strengthen corporate governance
• • Create and review business continuity plans; strengthen our business continuity capabilities so that we can, for example, be prepared for major disasters
• • Enhance corporate information disclosure and dialogue with investors and other market participants

Pursuit of social sustainability

• • Carry out initiatives that help protect the global environment (i.e., reducing environmental impact through our business activities)
• • Participate in and contribute to local communities

Measure to Achieve Capital Cost- and Stock Price-Conscious Business Management

Strategy
Our three-year cash allocation based on our business strategy and financial policy

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