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Finally, I will explain returns to shareholders.
Our basic policy is to continue to pay dividend consistently and maintain a payout ratio of 25% or more.
We have been increasing dividends through steady growth in net income. With a record high net income expected for the fiscal year ending March 31, 2018., we plan to increase annual dividends for the fifth consecutive year to 14.5 yen per share.
This concludes my presentation.
The reference pages in the final part of this material include the progress in the Medium-Tem Management Plan and transitions in total floor areas and AUM. I encourage you to take a look after the presentation.
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