Basic policy for shareholder returns

AEON MALL recognizes that returning profits to shareholders through improving earnings power is a key management priority. Our basic policy on income distribution emphasizes steady dividend payments to shareholders, while using internal reserves to invest in structural business improvements, including investments in growth businesses, new businesses, and other areas that strengthen our operating foundation. Our policy is to maintain a consolidated payout ratio of at least 30%. Under our articles of incorporation, distributions of retained earnings are subject to the approval of our board of director

Concept of strengthening shareholder returns over the medium to long term