The Company shall allocate dividend payment at least 60% of net profit on its consolidated financial statements. In case of negative financial situation, the Board may propose a lower percentage of dividend payment as it considers appropriate under such circumstance.
This Dividend Policy was approved by the 17th Annual General Meeting of Shareholders as a general principle. However, in proposing dividend for approval of Shareholders, the Company has to comply with the laws, i.e., dividend has to be paid from net profit of the Company’s separate financial statements. Therefore, if the Company dose not have sufficient net profit, dividend proposal shall be applicable with such situation.
Major Shareholders as of 5 March 2020 are the following: