Amid a business environment that is rapidly changing and intensifying, Fuji Seal International has sought to raise corporate value by achieving sustained growth. Two years ago, the Fuji Seal Group celebrated the 120th anniversary of its founding, and its new medium-term management plan, which is a three-year plan that started from the fiscal year ending March 31, 2019, has been positioned as a three-year period to build a foundation for the next 60 years of growth and development. The Company will further strengthen the competitiveness of its current businesses globally, and strive to deepen and expand its business activities with customers by enhancing its ability to solve problems and increasing the speed of its response. The Company considers the following to be its most important management challenges: 1) returning profits to shareholders based on Company performance and 2) continuing to increase the shareholder returns in a sustained manner. To that end, the Company will accelerate investment for continued growth, through such means as utilizing internal reserves, developing technologies that will make the Group even more competitive and training personnel and creating mechanisms to enable the Group to solve problems faster. The Company aims to achieve a medium-term minimum payment ratio target of 20% on a consolidated basis, and aims to increase the dividend per share in a stable and sustained manner. To raise long-term corporate value, the Company takes a flexible approach to the acquisition and disposal of treasury stock while also considering necessary capital investments, funding requirements for mergers and acquisitions, and raising capital efficiency. The Company plans to pay a year-end dividend for the fiscal year ended March 31, 2019 of ¥16 per share, which was its original forecast. The Company will thus pay an annual dividend of ¥29per share for the fiscal year ended March 31, 2019, which includes the already paid interim dividend (¥13 per share), for a consolidated dividend payout ratio of 20.0%. In the fiscal year ending March 31, 2020, the Group plans to pay an annual dividend of ¥32 per share, based on the aforementioned basic policies. As a result, the Group expects to achieve a consolidated dividend payout ratio of 20.1% for the fiscal year ending March 31, 2020.