Dividend

Dividend Policy

Dividends from surplus are, in principle, paid twice a year—an interim dividend and a year-end dividend. The interim dividend is determined by a resolution of the Board of Directors, and the year-end dividend is determined by a resolution of the General Meeting of Shareholders.

Our basic dividend policy is to provide stable dividends over the long term while maintaining an optimal balance between equity capital and shareholder returns. In connection with the large-scale investments currently underway in overseas mine development, the Company will maintain a consolidated dividend payout ratio of 40%, balancing financial soundness with shareholder returns. Furthermore, taking into account uncertainties in the business environment, including fluctuations in commodity prices such as copper and foreign exchange rates, the Company has decided to introduce an absolute lower limit that will not be affected by single-year results, thereby ensuring long-term, stable dividend payments.

Dividends and Payout Ratio

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