Dividends

Dividend Policy

1) Profit Dividend

• 1. Profit dividend may be offered in the form of cash or stock.
• 2. When different classes of stocks were declared, different classes of stock can be offered as a stock dividend by the resolution of the Board of Directors.
• 3. The dividends set forth in Clause 1 shall be payable to all shareholders of record at the end of each fiscal year.

2) Interim Dividend

• 1. The Company may declare an interim dividend to shareholders at 17:00 on June 30 pursuant to Article 165-12 of the Capital Market and Financial Investment Business Act. The interim dividends shall be payable in cash.
• 2. The interim dividend set forth in Clause ① shall be payable by a resolution of the Board of Directors, and the resolution shall be made within 45 days of the date as set forth in Clause 1.
• 3. The limit on the interim dividends shall be the net asset amount on the balance sheet of the immediately preceding fiscal year end after deducting the following amounts.
  • The capital amount of the immediately preceding fiscal year
  • The sum of capital reserve and profit reserve accumulated up until the immediately preceding fiscal year end
  • The amount declared as a profit dividend at the general meeting of shareholders for the immediately preceding fiscal year
  • The specific reserves of the immediately preceding fiscal year accumulated under the Articles of Incorporation or a resolution of the general meeting of shareholders
  • The profit reserve accumulated for the relevant fiscal year pursuant to the interim dividends
• 4. When the Company issues new shares before the date as set forth in Clause ① but after the start of the fiscal year, (including transfers of reserves to equity, conversion requests for convertible bonds, and requests for redemption of bonds with warrants) the new shares shall be deemed to have been issued at the end of the immediately preceding fiscal year.
• 5. In interim dividend payouts, the same dividend rate shall be applied to the preferred stocks described in Article 9 as the common stocks.

Dividend Description