JAPAN POST INSURANCE Co., Ltd. (the “Company”) recognizes that the distribution of profit to shareholders is an important policy of management, and distributes profits to shareholders stably, while securing management soundness.
Specifically, the Company in principle aims not to decrease but to increase dividend per share for the period of the Medium-term Management Plan up to FY2028, while considering earning prospects and financial soundness. On the assumption that the FY2028 target of adjusted profit of ¥190.0 billion is achieved, we will aim to increase the dividend per share for FY2028 to ¥62 or more. Furthermore, with the primary aim of returning profits to shareholders flexibly, the Company will strive to achieve an average total payout ratio of 55% in the medium term by engaging in the agile acquisition of treasury stock and other means.
The Company has established as a financial target “adjusted profit,” a new financial indicator which partially adjusts the impact of an increase in new policies which on a short-term basis reduces profit, a phenomenon unique to life insurance companies. The Company has been providing stable shareholder returns using the “adjusted profit” as the source of funds.
The Company secures internal reserves to fund stable business growth to enable it to respond to future changes in the business environment.

* The underlined parts indicate points where shareholder return policies have been enhanced compared to the previous Medium-Term Management Plan.

Status of Dividend

	Dividend per Share (\)
	Annual (Total)	Interim Dividends	Year-end Dividends
FY2026 (Forecast)	50	25	25
FY2025	41.3	20.6	20.6
FY2024	34.6	17.3	17.3
FY2023	31.3	15.6	15.6
FY2022	30.6	15.3	15.3
FY2021	30	15	15
FY2020	25.3		25.3
FY2019	25.3	12.6	12.6
FY2018	24		24
FY2017	22.6		22.6
FY2016	20		20
FY2015	18.6		18.6

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• * The Company conducted a stock split effective April 1, 2026, splitting its common stock at a ratio of three (3) shares for every one (1) share. The figures for FY2025 and before have been adjusted to reflect the stock split (digits below the second decimal place have been truncated).

Period of Share Repurchase	Method of Repurchase	Total Number of Shares Repurchased	Total Amount of Repurchase(yen)
From November 18, 2025 to March 24, 2026	Purchases through trading on the auction market of the Tokyo Stock Exchange	4,792,500	22,499,709,100
November 17, 2025	Purchases through the Off-auction Own Share Repurchase Trading system (ToSTNeT-3) of the Tokyo Stock Exchange	5,424,300	22,499,996,400
From April 1, 2025 to April 18, 2025	Purchases through trading on the auction market of the Tokyo Stock Exchange	717,200	1,956,140,950
March 31, 2025	Purchases through the Off-auction Own Share Repurchase Trading system (ToSTNeT-3) of the Tokyo Stock Exchange	10,652,400	33,043,744,800
From August 15, 2022 to March 13, 2023	Purchases through trading on the auction market of the Tokyo Stock Exchange	8,039,200	17,500,137,100
August 12, 2022	Purchases through the Off-auction Own Share Repurchase Trading system (ToSTNeT-3) of the Tokyo Stock Exchange	8,462,200	17,499,829,600
May 17, 2021	Purchases through the Off-auction Own Share Repurchase Trading system (ToSTNeT-3) of the Tokyo Stock Exchange	162,906,300	358,882,578,900
April 8, 2019	Purchases through the Off-auction Own Share Repurchase Trading system (ToSTNeT-3) of the Tokyo Stock Exchange	37,411,100	99,999,870,300

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• * The Company conducted a stock split effective April 1, 2026, splitting its common stock at a ratio of three (3) shares for every one (1) share. Total number of shares repurchased reflects the actual number of shares repurchased.

For details of shareholder return, please check the latest 'Conference Call Material'

• Conference Call