Shareholder Return Policy

As a pump manufacturer that supports water and electricity infrastructure, Torishima considers it an important management objective to provide stable and continuous returns to shareholders as well as achieving steady growth over the long term.

(1) Annual dividend
After prioritizing investments necessary for value creation from a medium- to long-term perspective,
our target is a dividend on equity (DOE) ratio of 3.0% and a dividend payout ratio of 35%, with the aim of maintaining a progressive dividend payout ratio.

(2) Treasury stock
To be implemented flexibly, taking into consideration the necessary level of retained earnings,
changes in the capital situation and the business environment, and trends in the Company's stock price.